U.S. LNG Feedgas Dropped Last Week Due to Maintenance & Hurricane
MDN previously told you that gas flows (called “feedgas”) heading to the Cove Point LNG export facility along the coast of Maryland had fallen to zero as of Sept. 20 because the facility is undergoing annual maintenance (see Flows Drop to Zero @ Cove Point LNG, Closed for Annual Maintenance). Maintenance will likely last about three weeks at Cove Point. Flows to Venture Global’s not-commercially-ready but still producing LNG like crazy plant in Calcasieu Pass (in Louisiana) were down last week. Plus, a brief electricity outage at Elba Island (in Georgia) due to Hurricane Helene caused a temporary decrease in feedgas there. All of those factors combined to lower LNG feedgas flows last week. Read More “U.S. LNG Feedgas Dropped Last Week Due to Maintenance & Hurricane”
EQT Corporation is now the #2 largest natural gas driller in the U.S. following the merger of Chesapeake Energy with Southwestern Energy to form Expand Energy Corporation (see today’s lead story). EQT took the opportunity yesterday, while everyone was focused on the shiny new object (Expand Energy), to file a Form 8-K with the SEC announcing it is laying off 15% of its entire workforce. EQT says the layoffs are a result of too many workers following the merger with its former midstream division, Equitrans, in July (see 
We spotted a press release about new leadership at the top of Calpine Corporation, one of the largest power producers in the U.S. with major assets in the upper East Coast area (fed by Marcellus/Utica molecules). The company’s CFO, Andrew Novotny, is becoming the CEO. Beyond the tie-in with the M-U because the company uses our molecules, we have a fond memory of one of Calpine’s gas-fired power plants in Bethlehem, Pennsylvania (see 
Two oilfield services companies—Axis Energy Services LLC and Brigade Energy Services LLC—jointly announced the closing of an agreement to merge and form the nation’s largest well servicing company. The new company will retain the Axis Energy name and will remain headquartered in Dallas, TX. According to Axis, the transaction creates the nation’s leading company for completion services, workover solutions, and plug and abandonment operations. The newly combined company boasts more than 1,700 employees and 200 active and marketable workover rigs—the largest single fleet in the industry. The company has a “strong presence” in the Marcellus/Utica. 
In September 2023, Dominion Energy and Enbridge co-announced that Dominion had agreed to sell the company’s remaining natural gas local distribution companies (LDCs) that Dominion owns to Enbridge for $14.0 billion, which includes $9.4 billion in cash plus the assumption of debt (see 
A group of 41 members of Congress (4 Senators and 37 Congressmen/women) are asking Dept. of Energy (DOE) Secretary Jennifer Granholm for information about the so-called “pause” in LNG export approvals. It appears the DOE relied on a prematurely released “study” by known anti-fossil fuel Cornell professor Robert Howarth as the scientific basis for imposing the pause (which is really a ban). The Congressfolks sent a blunt letter to the nutty Granholm requesting immediate answers to specific questions. Don’t hold your breath that the dysfunctional DOE will respond anytime soon. 
Pennsylvania General Energy (PGE) wants to install a tiny 3.7-mile gathering pipeline in Lycoming County, PA, to connect several PGE wells to the Transco pipeline system, along with two 8-inch water pipelines of about the same length (see 
While there are a number of interstate pipelines that crisscross the Marcellus/Utica, there is one pipeline system that is key to moving molecules out of our region to other markets, particularly in the southeast and the Gulf Coast: Transcontinental Gas Pipeline LLC (Transco), owned by Williams. Transco stretches from the Gulf Coast to New York City and was originally designed to flow gas produced in the Gulf northward. A number of years ago, Williams reversed the flow on Transco, and most of the time, it now flows M-U molecules southward to Maryland, North Carolina, South Carolina, Georgia, Alabama, and beyond. When sections of Transco undergo maintenance, flows are reduced, driving down spot prices for natgas sold by drillers to the pipeline but raising the price paid by customers on the other end of the pipeline. And when maintenance is done and flows return, it reverses. 
Air Products, headquartered in the Lehigh Valley area of Pennsylvania (Allentown area), once manufactured huge rocket-looking “production trains” or “heat exchangers,” which are pieces of equipment that turn natural gas into liquefied natural gas (LNG), in a plant in Wilkes-Barre, PA. The heat exchangers manufactured by Air Products in Wilkes-Barre were two-thirds of a football field long (180 feet) and used by plants all over the world to condense natural gas into a liquid. Air Products shut down the Wilkes-Barre plant in 2017 (see 
The Bidenistas at the EPA attacked coal and gas-fired power plants in April, threatening to destabilize the existing electric power grid with new regulations (see 
We spotted an article on the Rigzone website with the following headline: “What Would a USA Fracking Ban Mean for the Oil Price?” Our initial thought was, “A frack ban will never happen.” But we read the article and came across this comment by Matt Willer, Managing Director of Capital Markets at Phoenix Group Holdings: “Willer told Rigzone that, in his opinion, the likelihood of a U.S. fracking ban is less than 50 percent.” Whoa, wait just a darned minute! You mean IF The Cackler actually wins, there is a close-to-50% chance of a nationwide frack ban? That’s what Willer appears to be saying. If true, it’s alarming. It’s astonishing. And it’s all the more reason you must motivate everyone you know to vote for DJT. 
Three weeks ago, MDN told you about a developing story of rig realignment in the Marcellus/Utica (see 
According to Pennsylvania regulation 25 Pa. Code § 78a.122(b)(6)(iv), a drilling company must provide a list of the chemicals intentionally added to the stimulation [fracking] fluid by name and chemical abstract service (CAS) number in a Completion Report. The PA Department of Environmental Protection (DEP) says three drillers, including EQT, Range Resources, and Greylock Energy, failed to file the proper paperwork for one or more wells.
For years, MDN has told you that the very first Marcellus well to be drilled and fracked was done by Range Resources Corporation in Washington County, PA. Beyond that, we didn’t know much. Thanks to an article appearing in the Washington Observer-Reporter, we now know the full story—or at least a lot more of the story—including the name of that very first Marcellus well.