PA DEP Hosting 3 Info Sessions on Scoring Bidenbucks to Plug Wells
With the presidential election only 80 days from now, the money coming from Washington, D.C. to swing states like Pennsylvania is flowing like a river, as we told you yesterday (see Convenient Timing: Biden-Harris Promise Pa. Another $152 Million). The orders have gone out to get this money (or rather, the promise of this money) out there asap. Gotta hang that big old carrot out there. PA Gov. Josh Shapiro snapped a sharp salute and said, “Yes, ma’am.” The PA Dept. of Environmental Protection (DEP) will run three information sessions the week after next on the Orphan Conventional Oil & Gas Well Plugging Grant Program and how companies can grab their bribe piece of the action.
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At a packed meeting in May, the Indiana Township (Allegheny County, PA) Planning Commission voted unanimously (4-0) to delay a decision on rezoning a 59-acre parcel along Route 910 from office/commercial to light industrial — which would allow gas drilling on the site (see 
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 
America’s natural gas and oil industry announced “a landmark partnership” in late 2017 called The Environmental Partnership to “accelerate improvements to environmental performance in operations across the country” for lowering methane emissions (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.
We spotted some news that, on the surface, may not appear to be connected to the Marcellus/Utica, but we think it is. The Canada Pension Plan Investment Board (CPP Investments) is investing approximately $843 million (CAD 1.2 billion) in Denver, Colorado-based Tallgrass Energy. CPP is a major investor in the Utica Shale (via Encino Energy), and Tallgrass is the owner and operator of the Rockies Express (REX) pipeline that flows Marcellus/Utica gas to the Midwest.
In December 2022, Rice Acquisition Corp II, a special purpose acquisition company (SPAC) started by the Rice brothers (Danny, Toby, and Derek), announced a deal to acquire NET Power — an electric power developer with revolutionary new technology to capture every last molecule of carbon dioxide from natural gas-fired power plants (see 
On May 31, Constellation Energy shut down and permanently retired the natural gas-fired Mystic Generating Station it owned and operated in Charlestown, Massachusetts, on the north side of Boston (see 
For some time, we’ve brought you news of the coming expansion of new data centers due to the rapid (explosive) spread of AI or artificial intelligence. Every time you type a query into ChatGPT or another AI engine, a process runs on a computer in a data center somewhere. That computer uses electricity. The electricity comes from somewhere — most of the time from natural gas being burned in a power plant. More AI queries equals more computers (and data centers) needing more energy. Just two days ago, we told you that most of the big pipeline companies in the country, including Williams, Energy Transfer, Kinder Morgan, Enbridge, and TC Energy, are telling investors of this coming expansion as an opportunity (see 
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.
Yesterday, the “front month” NYMEX natural gas contract for Sept. delivery gained 4.60 cents per million British thermal units (MMBtu), rising 2.15% to $2.1890/MMBtu. Hey! Above $2 for five consecutive trading sessions! How long will the price stay above $2? Zacks.com took a stab at answering that question.