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Coterra CEO Tells Jim Cramer Direct Deals with Data Centers Coming
Coterra Energy CEO Tom Jorden sat for an interview with Jim Cramer on CNBC’s Mad Money program Tuesday evening. During the interview, Jorden had an interesting comment and insight that has the power to change the natural gas market. Jorden said that data center operators (big computer server facilities) may cut supply agreements directly with natural gas companies to meet the growing power demands of the artificial intelligence boom. And it may happen a lot sooner than you think.
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In January 2020, the Pennsylvania Supreme Court ruled in THE most consequential lawsuit for Marcellus Shale drilling we’ve seen, a case called Briggs v Southwestern Energy (see 
Yesterday, MDN brought you the great news that the Federal Energy Regulatory Commission (FERC) had given permission to Mountain Valley Pipeline (MVP) late Tuesday to begin service along the 303-mile natural gas pipeline from northern West Virginia to southern Virginia (see 
The grid operator overseeing New York State is warning that the Democrats’ green energy agenda is pushing the grid toward blackouts. The New York Independent System Operator (NYISO), which oversees and manages the state’s power grid, published its 2024 Power Trends report last week, assessing the outlook for energy supply and demand in the region over the next several years. The report warns that the electrification agenda pursued by New York Gov. Kathy Hochul and her fellow Democrats is pushing the state’s grid toward conditions for blackouts as soon as this summer.
Only in the dysfunctional Josh Shapiro administration. Yesterday, the Pennsylvania Dept. of Environmental Protection (DEP) announced it had added a Customer Experience Management Advisory Council (CXMAC) to advise the DEP’s Acting Secretary and so-called Chief Customer Experience Officer on strategies and improvements to enhance service delivery to the public. The thing is, none of the board members are actual customers of the DEP! There are no oil and gas members on the board. There are no members of the public on the board. Only well-connected people from private businesses, non-profit organizations, and (worst of the worst) other government agencies landed a spot on the board. Some people actually think PA Gov. Josh Shapiro is presidential material. What a joke!
Yesterday, MDN told you that the U.S. Energy Information Administration (EIA) has decided not to produce its monthly Drilling Productivity Report (DPR), a report that delves into the latest numbers for each of the seven major shale plays in the U.S. (see 
Venture Global has been screwing its contracted customers by denying LNG shipments to them from its Calcasieu Pass (CP) LNG export facility for over two years, instead shipping over 200 cargoes to other buyers (at higher prices) rather than honoring its contracts. So why in the world would ANYONE sign a new deal with Venture Global for LNG shipments, given the company’s history of screwing its contracted customers? As Phineas Taylor Barnum is reputed to have said, “There’s a sucker born every minute.” This time, it’s DTEK Group of Ukraine.
Wonder of wonders. Yesterday, the Federal Energy Regulatory Commission (FERC) granted its permission for the 303-mile Mountain Valley Pipeline (MVP) to begin flowing natural gas. YES!!!! We are elated! Finally, nine years after MVP filed for permission to build, the pipeline is now (or soon will be) flowing Marcellus/Utica gas to the Southern U.S. This is a great day for all of the Marcellus/Utica.
It is the sad end of an era brought about by the Bidenistas at the U.S. Energy Information Administration (EIA). For years, since the very first Drilling Productivity Report (DPR) issued by the EIA, MDN has brought you the monthly DPR, a report that delves into the latest numbers for each of the seven major shale plays in the U.S. The monthly DPR reported estimates of production for each play each month, along with DUC (drilled but uncompleted well) counts and other vital statistics. But, no more. We checked the 
Ameren Missouri, a subsidiary of Ameren Corporation, recently filed an application with the Missouri Public Service Commission to build an 800-megawatt, simple-cycle “peaker plant” powered by natural gas to serve as a reliable backup source of energy, ready to use when customers need it most. The Castle Bluff Energy Center is designed to bolster grid reliability, deliver energy on the hottest summer days and the coldest winter nights, and complement the increasing amount of renewable energy generation being added to the grid.
Since April, mainstream media has been abuzz with the ironic conundrum that there are huge quantities of lithium in shale brine/wastewater (see 
A once-respected oil and gas consultancy has become a petty partisan purveyor of pap. We’re referring to Wood Mackenzie, the “global insight business for renewables, energy and natural resources.” In a recently released report, WoodMac analysts make this partisan statement: “A Republican victory in 2024 could roll back decarbonisation policies and usher in a delayed energy transition for the US.” The not-so-subtle implication is that if you care about the planet and the mythical “energy transition” that must take place (or else)…you’ll vote Democrat in November. What a huge, stinking pile of B.S. WoodMac has become as corrupted and unreliable as the International Energy Agency (IEA) with its pronouncements of doom and gloom to the planet if we don’t ban fossil energy now. Shame on WoodMac for becoming partisan hacks.
Is today the day we’ve been waiting and writing about for the past nine years? Possibly! Yesterday, Mountain Valley Pipeline (MVP), the 303-mile, 2 Bcf/d pipeline from Wetzel County, WV, to Pittsylvania County, VA, filed a request with the Federal Energy Regulatory Commission (FERC) to say the pipeline is now mechanically complete, meaning the pipeline is in the ground, covered up, fully tested, and ready to begin operations. MVP asked FERC to allow it to begin flowing gas TODAY, June 11. At best, it’s a 50/50 shot that FERC will allow it to begin operations today. No matter. Whether today, tomorrow, or next week, MVP is done and will begin. WE WON!
Natural gas utility Peoples Natural Gas (headquartered in Pittsburgh) is working with Pittsburgh startup company H Quest and the University of Pittsburgh’s Swanson School of Engineering to test new technology from H Quest that microwaves natural gas (CH4), turning it into clean hydrogen (H2) and carbon black. No carbon dioxide (CO2) is released in the process. The H Quest tech is housed in what looks like a tractor-trailer container unit that is powerful enough to “decarbonize more than 1,000 residential households in one go.”
We have been tracking and reporting on the drama surrounding Austin Master Services (AMS), a radiological waste management solutions company in Martins Ferry (Belmont County), Ohio, located close to the Ohio River, since the Ohio Attorney General lodged charges against the company back in March (