NYMEX Closes Above $4 Based on LNG Exports, Cold Winter Forecast
The NYMEX futures price for natural gas was a rocket ship over the past two weeks. The NYMEX price closed at $4.1240/MMBtu on Friday, breaking the $4 barrier barely a month after we struggled to break the $3 barrier. In October, the NYMEX front-month contract rose an astounding 82.10 cents per MMBtu, or 25%. In one month! October was the largest one-month gain since August 2022, and the largest one-month percentage gain since February 2025. Zooming out a bit, the NYMEX price was up $1.127 or 38% over the last two months. However, spot prices (at least in the Marcellus/Utica) are more of a mixed bag. Read More “NYMEX Closes Above $4 Based on LNG Exports, Cold Winter Forecast”
Pennsylvania’s Attorney General, Dave Sunday, pretends to be a Republican, but he’s really a Democrat. He’s also anti-shale, as evidenced by a wild attack against Seneca Resources launched on Friday. Sunday’s office filed three separate criminal complaints against Seneca, charging the company with 64 counts of criminal violations of the Solid Waste Management Act and 36 counts of criminal violations of the Clean Streams Law. Sunday, like his left-wing predecessors, is turning what should be regulatory enforcement actions into crimes. No wonder some drillers are saying “screw you” to Pennsylvania and moving their drilling operations to West Virginia and Ohio. 
On October 22, Coterra Energy reported a well control incident during fracking the 12H well on the Lauer pad in Susquehanna County to the Pennsylvania Department of Environmental Protection (DEP). A loss of control resulted in the high-pressure release of an unknown quantity of fracking and production fluids, along with natural gas, causing the fluid to “spray” on and off the well pad. Coterra, which was fracking five wells simultaneously, called in Cudd Well Control Services and did not regain control until 49 hours later on October 24, after installing a second bridge plug. 
Capital & Main is a left-leaning news outlet based in California. Capital & Main is about as left as left gets, yet pretends to be a legit news outfit [uncontrolled laughing]. Capital & Main has repeatedly targeted CNX Resources to smear the company and its Radical Transparency initiative. In September, we brought you Capital & Main’s latest hit piece alleging CNX’s operations are polluting and causing ill health for those who live nearby. The article also said CNX’s drilling program is anything but transparent (see 
In April, MDN told you about a new greenfield expansion of Kinder Morgan’s Elba Express pipeline into South Carolina to serve growing demand for natural gas in the state (see 
Last week, the Baker Hughes U.S. national rig count lost rigs after adding rigs for two consecutive prior weeks. The national count dropped four from 550 to 546. Baker Hughes said last week’s decline puts the total rig count down 39 rigs, or 7% below the same time last year. Rigs in the Marcellus/Utica remained the same last week at a combined 37 rigs, the same number for five weeks in a row. 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. There were 23 rigs targeting the Marcellus and 14 targeting the Utica. 
MARCELLUS/UTICA REGION: PA DEP solicits bids on 2 contracts to plug 25 abandoned conventional wells; Pennsylvania and New Jersey’s race to the bottom; OTHER U.S. REGIONS: Wind and solar blackouts threaten New England; Connecticut and Maine team up to fast-track renewables; Unitil completes purchase of Maine Natural Gas Company; Oregon judge calls out ‘gob smacking’ failure of climate litigation attorneys; Can NY Democrats even DELAY the energy crisis their laws are creating?; NATIONAL: Trump says Canada trade talks won’t resume, contradicting Energy Sec; Trump administration announces $100 million in funding to upgrade coal plants; U.S. coal exports declined 11% in the first half of 2025 due to reduced exports to China; Plastics “Pact” harms consumers; INTERNATIONAL: Oil steadies ahead of OPEC+ talks; OPEC+ 8 decide to implement output adjustment; The global tug-of-war that sets oil prices; China buyers shun Russian oil amid sanctions; Is the IEA now telling us that we need more oil for longer?