With the Rise in Natural Gas Prices, M-U Drillers Go DUC Hunting
The U.S. Energy Information Administration (EIA) stopped publishing its monthly Drilling Productivity Report (DPR) last June (see Biden EIA Dumps Detailed Monthly U.S. Shale Drilling Report). Since then, we’ve included some of the missing DPR data when we report on the EIA’s monthly Short-Term Energy Outlook (STEO). However, one of the metrics we used to like to follow in the DPR (but haven’t since June) was the drilled but uncompleted well (DUC) count. Tracking DUCs fell off our radar. Today, we go DUC hunting! Read More “With the Rise in Natural Gas Prices, M-U Drillers Go DUC Hunting”
In December, PA’s Democrat Governor, Josh Shapiro, filed a complaint with the Federal Energy Regulatory Commission (FERC) alleging the PJM electric grid is being mismanaged and using inflated numbers that will cause economic pain for the 65 million customers who buy electricity in the PJM region—in particular the residents of PA. What’s causing the high prices in PJM, a region rich in natural gas? The policies of Shapiro and his predecessor in proposing a carbon tax have scared away new gas-fired power plants from building in the Keystone State. As we reported yesterday, Shapiro has increased his menacing and threats against PJM (see 
President Donald J. Trump, with the sweep of his pen, canceled the cancel culture that has been deeply embedded in the federal government, attempting (under the banner of alleged racism called “environment justice”) to end fossil energy infrastructure projects like pipelines. In an executive order on his first day in office, Trump terminated all so-called “environmental justice” positions and offices across the federal government. Brilliant! 
In May 2023, the Pipeline and Hazardous Materials Safety Administration (PHMSA) proposed a new rule that would slap onerous and very expensive new requirements on pretty much all natural gas pipelines in the country, including 2.7 million miles of gas transmission, distribution, and gathering pipelines; 400+ underground natural gas storage facilities; and 165 liquefied natural gas facilities (see 
As Joan Rivers used to say: Can we talk? In other words, can we have an honest and open conversation…about hydrogen energy? There’s a lot of hype around the topic of hydrogen. Some promising early innovations around hydrogen and its use in applications like gas-fired power plants exist. However, as a sobering new commentary by the Mackinac Center for Public Policy makes clear, the future of hydrogen “is not imminent.” Even fracking wasn’t an overnight hit. It took from the early 1980s until the early 2000s (about 20 years) before fracking *began* to take off in a major way. It took another decade or so before fracking went big time. Call it 30 years. So why would we expect hydrogen to be some spectacular overnight success? That’s just not how energy revolutions happen. 
We sometimes poke fun at the U.S. Energy Information Administration (EIA) predictions, accusing the analysts of using a dart board to generate the estimates they issue, especially with the future price of natural gas. But honestly, they have a tough job. Price is a complex issue with a lot of factors. Even though the EIA’s track record has sometimes been off by a lot, it remains the one source most quoted by the media and experts worldwide regarding future price predictions. In yesterday’s Today in Energy web publication, EIA says it “expects higher wholesale U.S. natural gas prices as demand increases.” Its latest forecast for the U.S. benchmark Henry Hub natural gas spot price is that the overall average for all of 2025 natgas will average $3.10 per million British thermal units (MMBtu). EIA expects that number to increase in 2026 to an average of $4.00/MMBtu. Is that realistic? 
Pennsylvania mineral rights owners (i.e., landowners) now have a well-deserved tax break thanks to a bill passed by the PA legislature and signed into law last summer (see 
Yesterday, with the bitter cold blast (called a polar vortex) hitting the eastern half of the country, the PJM power grid, which covers all or parts of 13 states plus the District of Columbia (including all of Pennsylvania, Ohio, and West Virginia), experienced its largest single-day power draw EVER. The grid came through with flying colors thanks to natural gas, which provided an average of 42.5% of the total power produced yesterday, and coal, which produced 22.9% of all the power produced yesterday. Add in oil with another 3%, and fossil fuels carried the heavy load by producing 68.4% of PJM’s electricity yesterday. How much did solar and wind produce? An infinitesimally small 4.46% of the electricity produced yesterday. Nuclear produced nearly a quarter of PJM’s electricity yesterday at 24.5%. 
In December, PA’s Democrat Governor, Josh Shapiro, filed a complaint with the Federal Energy Regulatory Commission (FERC) alleging the PJM electric grid is being mismanaged and using inflated numbers that will cause economic pain for the 65 million customers who buy electricity in the PJM region—in particular the residents of PA. What’s causing the high prices in PJM, a region rich in natural gas? That would be former Gov. Tom Wolf and current Gov. Josh Shapiro insisting the state tax gas-fired power plants via the so-called Regional Greenhouse Gas Initiative (RGGI). Shapiro is blaming the victim (PJM) for his actions. He just increased the volume (as bullies do) by threatening PJM that PA may pull out of the grid and do its own thing…unless PJM finds a way to fix his mess. 
This is another in a series of observations that we (fossil fuel advocates) are winning. Finally, we are having an impact. The official party line of the Democrats has been to block the use of any and all fossil fuel energy by amping up regulations and passing laws to limit or eliminate its production, transportation, and even usage (witness the Dems trying to outlaw gas stoves, furnaces, and water heaters over the past couple of years). Those efforts have failed spectacularly. And now, some Dems admit their failure, like Maryland General Assembly member C.T. Wilson from Charles County. He told Baltimore’s Fox affiliate that the state “should be open to using natural gas to meet its green energy goals.” There you go. A Dem just redefined natural gas as “green” so he and his party can save face. Whatever. At least they’re beginning to admit what everyone else already knows: The use of natural gas isn’t going away. 
In May 2021, MDN told you that Louisville Gas and Electric Company (LG&E) had won Kentucky state approval to build a new 12-inch, 12-mile pipeline south of Louisville to supply gas to homes and businesses (including a Jim Beam distillery) in Bullitt County that can’t connect to LG&E’s local natgas utility system because it is currently maxed out (see 
BlackRock is the largest investment firm in the world, currently with $11.6 trillion of investments under management. Larry Fink, the CEO of BlackRock, pushed the so-called ESG (environment, social, governance) agenda for years. What the left and people like Fink mean by ESG is don’t invest in or use fossil fuel energy (E), everything is racist (S), and the government is always right when Democrats are in charge (G). Fink stopped using the ESG term in 2023, although he continued to push the ESG agenda of divesting from fossil fuel companies (see 
Last August, MDN told you about several potential new pipeline projects under consideration to help feed new data centers and artificial intelligence (AI) operations, most of them located in the southeastern U.S. (see 
A key issue has come about with the rapid increase in carbon capture and sequestration (CCS) projects around the country, including here in the Marcellus/Utica region. Where does one store (sequester) all that carbon dioxide (CO2)? The answer is underground in a Class VI injection well. Class VI wells are a relatively new classification for injection wells, created by the federal EPA in 2010. Who regulates Class VI wells is a flashpoint of controversy. Until yesterday, the EPA was the primary regulator (has “primacy”) in regulating Class VI wells in all but three states: North Dakota, Wyoming, and Louisiana. Yesterday, West Virginia was added to the Class VI primacy list. 