Pipelines to the Rescue! Delivering M-U Gas to Va. & Carolinas
Recently, we’ve told you about the coming demand for natural gas to generate electricity that data centers and artificial intelligence will need (see Big Midstream Companies Eye Data Center/AI Market for New Pipes). The left’s answer for increased power demand is to kill new data centers and ban AI (see Leftists Argue for Ban on AI Because It Uses Too Much Electricity). Here in the real world, more electricity will soon be needed in Virginia and the Carolinas for a plethora of new projects in the works. Two pipelines that flow Marcellus/Utica molecules are working hard to meet the need: Mountain Valley Pipeline (MVP), now owned by EQT, and Transco (Transcontinental Gas Pipe Line), owned by Williams. Read More “Pipelines to the Rescue! Delivering M-U Gas to Va. & Carolinas”
Despite one of the hottest summers on record, natural gas prices are in the crapper. The abysmal price situation is causing big drillers in the Marcellus/Utica, like EQT and Coterra, to cut back even further on natural gas production, according to an article in the Wall Street Journal. Coterra CEO Tom Jorden recently told investors that “gas markets are oversupplied,” and his company will trim production by an extra 325 MMcf/d (see 
We spotted news that the Cambridge City School District (in Guernsey County, Ohio) has signed a second lease with Encino Energy (EAP Ohio LLC) to allow shale drilling under 4.8 acres. The first lease (which we missed) was signed in February of this year, allowing Encino to drill under 182 acres. The land is located along Wills Creek Valley Drive, often called the main campus. EGADS! Drilling *under* little chil’ren? Monstrous! (That’s sarcasm, folks. We know of other wells drilled directly next to schools in PA, with zero health and safety effects on the kiddies.)
In late 2021, Diversified Energy (formerly Diversified Gas & Oil) announced it had purchased Next LVL Energy, a well-plugging company that concentrates on plugging mainly old conventional oil and gas wells in Appalachia (see 
For the week of August 5 – 11, a total of 26 permits were issued to drill new shale wells in Marcellus/Utica, with the vast majority issued in Pennsylvania. The Keystone State had 21 new permits, with an eye-popping 19 going to EQT split between Greene and Washington counties (in the southwestern part of the state), and two issued to Range Resources in Beaver County. Ohio issued five new permits last week, with four going to Ascent Resources in Jefferson County and one to Encino Energy (EAP) in Guernsey County. West Virginia’s online data service is currently out of order, and there is no ETA for when it will be fixed, so we have no permits to report for the Mountain State. 
Over the past seven-plus years, BKV Corporation (Banpu Kalnin Ventures), the American arm of Banpu (96% owned by Banpu, Thailand’s largest coal mining company), has become one of the top 20 gas-weighted natural gas producers in the U.S. BKV originally entered the American shale sector by investing $500 million in 2016-2017 to buy existing Marcellus wells and acreage in northeast Pennsylvania. Then the company went wandering into other shale plays, including the Barnett (see 
In early 2018, the Pennsylvania Dept. of Environmental Protection (DEP) collected a whopping $1.7 million fine from Energy Corporation of America (ECA) for violations at 17 well sites in Cumberland, Jefferson, and Whiteley Townships in Greene County, and Goshen Township in Clearfield County (see 
CNX Resources released its first Radical Transparency™ assessment report yesterday. The initial results of nine months of continuous air emissions monitoring at natural gas well sites and compressor stations in southwestern Pennsylvania indicate that CNX natural gas development poses no public health risk. Period. The data is collected and disseminated to the public by an independent third-party contractor. This is objective, you-can’t-argue-with-it data shows CNX is not causing any kind of public health hazard. Big Green isn’t happy that their lying narratives are now countered by objective (truthful) data.
Epsilon Energy issued its second quarter 2024 update earlier this week. Epsilon, a relatively small company, used to concentrate most of its effort on developing Marcellus Shale wells. However, over the past few years, the company has expanded into other plays and now owns assets in the Anadarko (Oklahoma and Texas) and the Permian (Texas and New Mexico). Epsilon typically does not do its own drilling. The company joint venture partners with (gives money to) other companies, like Chesapeake Energy (in the Marcellus), and the other company does the drilling. For 2Q, Epsilon’s capital expenditures were $5.7 million, primarily related to work in Texas.
ECA Marcellus Trust I, the royalty interest holder in some of the wells drilled and maintained by Greylock Energy in Greene County, PA, announced yesterday that it will not issue a dividend to unitholders for the second quarter of 2024. The company paid 4.3 cents per unit in 1Q23, nothing in 2Q23, six-tenths of a penny ($0.006) in 3Q23, 3.0 cents in 4Q23, and most recently, 2.1 cents per unit for 1Q24. The company continues to hold back some profits ($90,000 in 2Q24) to build a cash reserve for “future known, anticipated or contingent expenses or liabilities.” 
The Ohio Oil and Gas Land Management Commission (OGLMC) continues to do its job. Yesterday, the group held a meeting and awarded five contracts for drilling and fracking UNDER (not on) several state-owned lands, including a contract with EOG Resources to drill under 85 acres in Keen Wildlife Area in Washington Township, Harrison County, for $211,650 ($2,500/acre). Also of interest at yesterday’s meeting was that 40 parcels of land in Salt Fork State Park and Salt Fork Wildlife Area were removed from the committee’s agenda. Apparently, the nominating company withdrew its application for those tracts.
Sometimes, we are at a loss to explain the actions of “our side” (the fossil fuel industry). This is one of those times. Penn State University, in recent years, has become hostile to fossil energy and the shale fracking that pervades (and blesses) the state. Yet petrochemical giant Shell, with its $15 billion ethane cracker in Beaver County, PA, is donating $1 million to Penn State to fund (and we quote): “initiatives focused on energy transition, decarbonization, polymer recycling and biodiversity, and the creation of an inclusive and innovative energy workforce.” Translating the gobbledygook: It’s $1 million to fund a way to put Shell and other fossil energy companies out of business. We have to ask, Why would Shell do this?
The mighty Shell ethane cracker plant in Monaca (Beaver County), PA, has a new person in charge: Emma Lewis, senior vice president of U.S. chemicals and products at Shell. We told you Lewis had replaced Hilary Mercer back in January (see 
A Washington County, PA, man and his anti-fossil fuel lawyer have won the right to force Chevron executives to testify in court in a case where the man accuses Chevron of using PFAS (“forever chemicals”) in fracking fluids in 2011-2012 near his home. He alleges the chemicals spread to his water well and damaged his health and the health of family members who drank and used the “contaminated” water.