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Marcellus Drilling News
  • Industrywide Issues | Pipelines | Regulation | Virginia

    Virginia SCC Approves “Racist” VNG Compressor in Chesapeake

    March 5, 2026March 5, 2026

    Despite a “public outcry” (of 13 people), the Chesapeake City (Virginia) Council voted 6-3 last July to approve a compressor station for Virginia Natural Gas (see Chesapeake City Council Approves Va. NatGas Compressor Station). The proposed site is already zoned industrial and has other VNG operations already in place. It’s not like it’s being constructed in the middle of a neighborhood. However, the State Corporation Commission (SCC) hit the pause button on the project last August, to give the commission extra time to sift through the barrage of incoming lies that this compressor station is racist (see Virginia SCC Hits Pause on VNG Proposed Compressor in Chesapeake). It took six months, but the SCC released a final order on Tuesday approving the VNG compressor station project. Read More “Virginia SCC Approves “Racist” VNG Compressor in Chesapeake”

  • Energy Companies | Gulfport Energy

    Gulfport Energy Mgmt Makes Big Moves With Major Stock Cash-Out

    March 5, 2026March 5, 2026

    Top leadership at Gulfport Energy recently executed significant insider stock sales totaling millions of dollars. EVP and CFO Michael Hodges led the divestment, selling 16,769 shares for approximately $3.53 million. Director Timothy J. Cutt followed by disposing of 5,000 shares for over $1.04 million, while SVP of Reservoir Engineering Michael Sluiter sold 9,933 shares, generating roughly $2.09 million. These substantial transactions by high-ranking executives represent a major shift in insider holdings, with the company’s leadership team collectively cashing out over $6.6 million in stock during this period of notable trading activity. What does it mean? Read More “Gulfport Energy Mgmt Makes Big Moves With Major Stock Cash-Out”

  • AI | CNX Resources | Electrical Generation | Energy Companies | Industrywide Issues | Pennsylvania | Washington County

    Former Coal Mine Owned by CNX Resources Marketed for AI Data Center

    March 5, 2026March 5, 2026

    A study by the Allegheny Conference on Community Development indicates that a proposed 500 to 700-megawatt hyperscale data center at the Zediker site in Washington County, PA, could generate $407 million for the local economy and create 2,364 jobs. Owned by CNX Resources Corp., the former coal mine is being marketed for generative AI facilities, leveraging nearby natural gas supplies and remediated mine gas to power the operation. While no official deal has been struck, the project is expected to yield $67.5 million in tax revenue, positioning the site as a transformative hub for high-tech investment and regional prosperity. Read More “Former Coal Mine Owned by CNX Resources Marketed for AI Data Center”

  • Industrywide Issues | Regulation | Statewide WV | West Virginia

    WV Senate Bill 641 Modifies Oil & Gas Storage Tank Regulations

    March 5, 2026March 5, 2026

    In the closing hours of the 2014 West Virginia legislative session, the legislature passed Senate Bill (SB) 373, the Aboveground Storage Tank Act (see Fate of 3 WV Laws that Impact Marcellus/Utica Drilling). The bill, which was signed into law, was in response to a chemical leak that affected the drinking water for 300,000 West Virginia residents. Even though the leak was not related to oil and gas drilling (it was related to coal mining), the new rules governing aboveground storage tanks for chemicals affect several industries, including the Marcellus/Utica (see Impact of WV’s New Chemical Tank Law on Marcellus Drillers). Over the years, several attempts have been made to relax the over-restrictive new rules for the oil and gas industry. Another attempt is underway in this year’s legislative session: Senate Bill (SB) 641, which passed the Senate yesterday and now sits with the House. Read More “WV Senate Bill 641 Modifies Oil & Gas Storage Tank Regulations”

  • CNG/LNG | Energy Companies | Industrywide Issues | Litigation | Shell

    NY Court Blocks Shell’s Attempt to Overturn VG LNG Arbitration

    March 5, 2026March 5, 2026

    Venture Global’s Calcasieu Pass (CP) LNG export facility in Louisiana began operations in March 2022 (see Calcasieu Pass LNG Loads Inaugural Cargo; Sabine Pass LNG Expands). Typically, a new LNG facility will load and ship several (maybe two or three) cargoes to “work out the kinks” and ensure everything is working as advertised. Venture Global, using loopholes in its signed contracts, maintained that it was working out the kinks long after it began shipping. After *hundreds* of cargoes were shipped, CP’s customers were still not receiving their contracted (at lower prices) shipments. Shell, along with several other customers, sued (see Shell, Edison, BP File for Arbitration Against Venture Global LNG). Shell lost its arbitration case, but two months later, BP won its case. So, Shell appealed the case that was rejected in the New York County Supreme Court. And lost… Read More “NY Court Blocks Shell’s Attempt to Overturn VG LNG Arbitration”

  • Energy Services | Nine Energy Services

    Judge Approves Nine Energy’s Pre-Packaged Chapter 11 Bankruptcy

    March 5, 2026March 5, 2026

    Nine Energy Service, a Houston-based provider of onshore completion solutions with operations in a number of shale basins, including major operations in the Marcellus/Utica, received court approval for its prepackaged Chapter 11 bankruptcy plan on March 4. The company filed for protection in the Southern District of Texas on February 1, 2026, seeking to address a heavy debt load largely resulting from its 2018 acquisition of Magnum Oil Tools (see Nine Energy Services Files Pre-Packaged Chapter 11 Bankruptcy). Presided over by Judge Christopher M. Lopez, the restructuring plan aims to eliminate approximately $320 million in 13% senior secured notes due 2028 and reduce the company’s annual cash interest expenses by roughly $40 million. Read More “Judge Approves Nine Energy’s Pre-Packaged Chapter 11 Bankruptcy”

  • CNG/LNG | Exporting | Industrywide Issues | Regulation

    DOE Approves Export Expansion at Corpus Christi LNG

    March 5, 2026March 5, 2026

    The U.S. Department of Energy (DOE) has granted non-FTA export authorization for Cheniere Energy’s Corpus Christi LNG expansion, specifically Mid-Scale Trains 8 and 9. This 3.28 MMTPA addition establishes the terminal as the second-largest U.S. LNG export project, with a total authorized capacity of 4.45 Bcf/d. Following a June 2025 investment decision, construction is proceeding alongside the Stage 3 Project, which successfully completed four trains in 2025. As the U.S. leads global LNG exports, Cheniere is already seeking further capacity increases through 2026. This authorization lasts until 2050, securing the facility’s long-term role in international energy markets. Marcellus/Utica molecules help feed this facility, so this is good news for our region! Read More “DOE Approves Export Expansion at Corpus Christi LNG”

  • Best of the Rest

    MDN’s Energy Stories of Interest: Thu, Mar 5, 2026

    March 5, 2026March 5, 2026

    OTHER U.S. REGIONS: Mainspring to deploy multi-fuel power at Travis Air Force Base; CT lawmakers push climate “superfund” bill despite rising energy costs; NATIONAL: U.S. natural gas futures settle lower; The radical left’s green scam is running out of fuel; At a time of int’l turmoil, ARC-ES can bring energy stability to U.S.; INTERNATIONAL: Crude price already stops climbing; EU sees no energy supply concern from Mideast war for now; U.S., Australia can do little to replace lost Qatari LNG cargoes; Qatar shuts gas liquefaction, will take weeks to restart; What the military conflict with Iran could mean for hydrocarbons; Russia may halt gas supplies to Europe amid Iran energy spike, Putin says. Read More “MDN’s Energy Stories of Interest: Thu, Mar 5, 2026”

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