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U.S. Rig Count Adds 1 @ 548; Marcellus/Utica Remains Even @ 37
The Baker Hughes U.S. national rig count has been bumpy for the past couple of months, up some weeks, down others, but mostly down overall. Last week, we resumed adding rigs, bringing the national count up by one to 548. Rigs in the Marcellus/Utica stayed the same last week at a combined 37 rigs. Pennsylvania remained unchanged at 17 active rigs. Ohio was the same at 13 rigs. And West Virginia maintained its 7 rigs, which it has operated since May 30. The Marcellus had 23 rigs and the Utica 14. Read More “U.S. Rig Count Adds 1 @ 548; Marcellus/Utica Remains Even @ 37”
On September 29, some 105 Democrat state legislators from 10 states across the PJM Interconnection region released a joint letter urging PJM to take immediate action to accelerate the deployment of unreliable renewable energy projects—to favor unreliable renewables over fossil fuels. The letter, organized by the partisan left-wing National Caucus of Environmental Legislators (NCEL), highlights urgent concerns about grid reliability, rising energy costs, and recent federal actions against renewable energy. A group of Pennsylvania Republican legislators responded with their own letter asking PJM to disregard the lunatic letter from NCEL. 
Two separate reports released last week from the New York Independent System Operator (NYISO), the entity in charge of the state’s electric grid, warn of coming blackouts in New York City without “several thousand megawatts of new dispatchable generation within the next ten years” added to the grid. Starting next summer, NYISO anticipates its reliability margins in NYC will be “dangerously thin,” making the grid more vulnerable to failures. This is not the first time NYISO has warned the state it’s on a razor’s edge and heading for blackouts. Yet NY’s Democrat politicians ignore the warnings and insist on pushing unreliable renewables. 
In 2022, then-Massachusetts Attorney General (now Governor) Maura Healey bragged she had “stopped two gas pipelines from coming into this state” and that she opposes new natgas infrastructure in the state. 
In September, NextDecade Corporation announced it had reached a final investment decision (FID) to move forward with construction of Train 4 at its Rio Grande LNG export facility in Brownsville, Texas, within the Port of Brownsville (see 
Nations at a meeting of the UN’s International Maritime Organization voted to delay by one year a decision on a global tax on carbon emissions from shipping. The U.S. campaigned against the measure, with President Donald Trump and other officials arguing it was an “untenable global carbon tax” that would harm the U.S. economy. The delay, a major win for Trump, was backed by 57 countries, including the U.S., Saudi Arabia, Iran, and Russia, while European nations and the UK, which had supported the regulations, were on the losing side of the vote. 
OTHER U.S. REGIONS: New Jersey’s wind debacle; NATIONAL: U.S. natural gas futures snap losing streak; INTERNATIONAL: Oil ends third straight weekly loss; Polish judge denies Nord Stream suspect extradition.