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U.S. Rig Count Remained Even @ 549; Pa. Lost 1 Marcellus Rig
After gaining rigs for four weeks in a row, last week the Baker Hughes U.S. national rig count stayed even, neither gaining nor (more importantly) losing any rigs. The count remained at 549 active rigs. Sadly, Pennsylvania lost one rig, from 18 to 17, after maintaining its count for 10 consecutive weeks. Ohio kept 13 rigs in the Utica for a second week after gaining a rig two weeks ago. West Virginia kept its seven active rigs, the same number since May 30 (four months). The combined M-U count was 37 rigs, with 23 rigs targeting the Marcellus layer and 14 targeting the Utica. Read More “U.S. Rig Count Remained Even @ 549; Pa. Lost 1 Marcellus Rig”
What is it about the modern Democrat Party that seeks the total destruction and annihilation of that which they perceive as a political threat? The party, or perhaps more accurately, the radical left elements of the party (which increasingly is all of the party), wants to destroy law and order, including our police departments. Just look at the “protests” (i.e., violent riots) in places like Portland, Oregon. Look at the violence against ICE (U.S. Immigration and Customs Enforcement) employees in places like Chicago. And look at the dangerous talk of politicians like Pennsylvania Governor Josh Shapiro, who is threatening to force the state out of the PJM Interconnection electric grid (see 
Last Thursday, energy and labor leaders gathered for the “All About Propane & Energy Reliability” one-day conference, held in Boothwyn, PA (Delaware County, near Philadelphia). The speakers highlighted the significant economic and employment impact of energy production, particularly at the Marcus Hook Industrial Complex. Speakers noted that Pennsylvania is the second-largest natural gas producer, with 12,000 wells producing 7.4 trillion cubic feet of natural gas last year. Marcus Hook, originally a crude oil refinery dating to 1901, now exports propane and ethane globally, supporting hundreds of jobs and generating substantial wages and tax revenue. Projects like the Mariner East 1 and 2 pipelines created millions of man-hours for local trades. Panelists emphasized Marcus Hook’s ongoing growth potential and its central role in local and statewide energy development. 
In January, MDN brought you the great news that the six largest banks in the United States had canceled their memberships in the awful Net Zero Banking Alliance (NZBA), a group of woke banks under the umbrella of the equally terrible United Nations (see 
MARCELLUS/UTICA REGION: Utica Shale Academy exceeds expectations; Natural gas power plants powering WV’s future; OTHER U.S. REGIONS: Virginia could pay $500 million per year in higher electricity costs if Spanberger wins gov race; NATIONAL: Natural gas futures face mild temperatures; Execs predict where natgas price will land in future; The Supreme Court should end climate lawfare once and for all; Beware how climate crusaders ‘partner’ with the media and ‘educate’ the courts; INTERNATIONAL: Oil rises as Trump warns Hamas; OPEC+ 8 decide to implement production adjustment; Saudi Arabia’s spending spree meets oil price reality.