Search Results for: 1391

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MSC Corrects/Clarifies Article Touting HB 1391 Royalty Bill

Yesterday MDN ran a story reporting that a landowner rebellion against post-production cost deductions from royalties is spreading beyond just Bradford County in northeastern Pennsylvania–to counties in southwestern PA (see PA Royalty Unrest Spreads from Bradford County to Western PA). We picked up part of an article run by the Washington, PA Observer-Reporter. The Marcellus…

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Guest Post: HB 1391 Will Restore What Bradford Landowners are Owed

Last Friday MDN ran a guest post from an executive who works for a Pennsylvania exploration and production company (E&P, what we call a “driller” here on MDN). In the post, titled Why PA HB 1391 Bill is Bad for the Marcellus, MDN invited those with an opposing view to send us a guest post…

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Guest Post: Why PA HB 1391 Bill is Bad for the Marcellus

We don’t mind telling you that the royalty issue in Pennsylvania, specifically passage of House Bill (HB) 1391 to ensure landowners are guaranteed 12.5% royalty checks regardless of post-production costs, is a thorny issue for MDN. We can see both sides of the issue, but tend to favor the landowner side–slightly. The drilling industry knows…

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Twitter Fight Over PA HB 1391 Royalty Bill

Channeling our inner Joan Rivers: Can we talk? It hurts when a good friend publicly criticizes you. It feels like you’ve been stabbed in the back. Perhaps a case of public criticism is one of the reasons for the developing rancor (we call it a civil war) between landowners and the Marcellus industry in Pennsylvania….

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PA Landowners, Drillers Fight over HB 1391 Minimum Royalty Bill

It appears that legislation in the Pennsylvania House of Representatives, House Bill (HB) 1391 that would fix the issue of landowners getting shorted in royalty payments, is about to die. It’s not the first time a bill meant to ensure landowners get a minimum of 12.5% in royalties has died in the PA legislature. Bradford…

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New Effort to Pass HB 1391 Minimum Royalty Bill in PA

Last June MDN told you about a renewed effort by Pennsylvania State legislators to pass a minimum royalty bill that will guarantee PA’s landowners get at least 12.5% royalties (see New Bill HB 1391 Will Guarantee PA Landowners 12.5% Royalties). House Bill (HB) 1391 is was introduced by State Rep. Garth Everett, Republican from Lycoming…

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New Bill HB 1391 Will Guarantee PA Landowners 12.5% Royalties

Last week MDN told you that a new royalty bill would be introduced in the Pennsylvania legislature to guarantee landowners get a minimum 12.5% royalty (see New Bill Pushes 12.5% Guaranteed Minimum Royalty for PA Landowners). The new bill, House Bill (HB) 1391 is, according to the bill’s main sponsor State Rep. Garth Everett, more…

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Will This be the “Decade of Geothermal Energy” Under Trump 2.0?

Geothermal energy has been called the ‘redheaded stepchild’ of renewable energy. Lefties have a love/hate relationship with geothermal energy. Geothermal uses the same identical drilling rigs, drills the same holes in the ground, and even uses the same fracking technology used to drill shale oil and gas wells. But drilling and fracking for geothermal is…

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Antero 2Q – NatGas Production Down 4%, Liquids Up 10%, 11 New Wells

Antero Resources, which is 100% focused on the Marcellus/Utica with over 500,000 net acres under lease (and the largest M-U driller in West Virginia), issued its second quarter 2024 update last week. The company reports net production averaged 3.4 billion cubic feet equivalent per day (Bcfe/d) during 2Q24, an increase of 1% year-over-year (i.e., pretty…

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NYMEX Futures Price Drops, Spot Prices Pop, Both Due to Weather

An interesting dichotomy we sometimes (but don’t often) see: The NYMEX Henry Hub futures price is down (below $3/MMBtu) and heading lower, while spot prices (physical trading) of natural gas at various trading hubs around the country are going higher, especially in the Northeast. In both cases — the futures price and the spot price…

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PA Anti-Fossil Fuelers Hold Online Session to Bash Nacero GTL Plant

In late October Nacero announced a $6 billion gas-to-liquids (GTL) refinery, to be built on the site of a former coal mine in Newport Township and Nanticoke in Luzerne County, PA (see NEPA Huge Deal – $6B Plant to Convert Marcellus Gas to Gasoline). The plant will convert Marcellus natural gas into zero-sulfur gasoline for…

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Diversified Deal to Pick Up Another 6,500 O&G Wells in WV, KY, TN

Diversified Gas & Oil (DGO) owns close to 8 million acres of leases with some 60,000 (mostly) conventional oil and gas wells. Their focus has been to acquire quality production and cash flow–regardless of the well or commodity type (gas or oil)–in the Appalachian Basin. They currently have over 400 Marcellus/Utica shale wells in their…

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NY DEC Will “Fight” FERC over Constitution Pipeline Decision

You can’t say we didn’t see this one coming. Last week the Federal Energy Regulatory Commission (FERC) ruled that the New York Dept. of Environmental Conservation (DEC) took too long to deny a federal Clean Water Act “Section 401” water crossing permit for the Williams Constitution Pipeline project (see Victory! FERC Overrules NY DEC to…

Energy Stories of Interest: Wed, Jun 5, 2019

OTHER U.S. REGIONS: Cheniere Energy inks deals to support two expansion projects; NATIONAL: Ethane exports on the rise, but hemmed in by its uniqueness; U.S. hydrocarbon gas liquids production reaches 5 million barrels per day in 2018; Many 2020 Democrats favor banning fracking, fossil fuel exports. That’s millions of jobs; INTERNATIONAL: Shell sets out oil,…