M-U Drillers Learn Cadence – Throttle Wells When Demand is Low
Marcellus/Utica natural gas producers and marketers are adapting to a new status quo. We live in a world where new pipeline takeaway capacity out of the Northeast is hard (almost impossible) to come by and is more or less capped permanently. That’s the reality. Without pipeline expansions, drillers no longer drill with abandon in hopes that the capacity will eventually get built. Reality has sunk in. Instead, drillers practice restraint by (1) slowing drilling activity, (2) delaying completions, and (3) choking back producing wells to manage their inventory during periods of lower demand and prices.
Read More “M-U Drillers Learn Cadence – Throttle Wells When Demand is Low”
Last November, MDN told you about a lawsuit filed by a family in Washington County, PA, against Chevron (now EQT) for drilling and fracking done in 2011-2012 near the family’s home (see 
Last November MDN told you about a research paper published by Penn State that says the state should look at repurposing old conventional oil and gas wells for use as geothermal energy sources (see 
Equitrans Midstream, the builder of the 303-mile Mountain Valley Pipeline (MVP) project, wants to extend the pipeline by an extra 75 miles from the current terminus in Pittsylvania County, VA, to Alamance County, NC, to provide natural gas for heating and electric generation. The extension is called MVP Southgate. In typical fashion, Democrats oppose it (see 
In August 2022, MDN brought you the news that Hearthstone Utilities, a Naperville, Illinois-based company, was planning to move its corporate headquarters to Morgantown, West Virginia (see 
The so-called Center for Climate Integrity (CCI), backed with FOREIGN MONEY, is behind most of the lawsuits filed by municipalities around the country (cities, counties, states) against Big Oil & Gas companies, claiming fossil energy companies know and have known for years that using their products is toasting Mom Earth into oblivion. It is the most outrageous abuse of the justice system we know of. The lawsuits are instigated (and funded) by CCI and a litany of colluding tax-free nonprofits. In August, we told you all the signs are pointing to CCI targeting Pennsylvania (see 
U.S. natural gas exports set a record high in the first half of 2023, largely thanks to LNG exports. However, don’t forget that nearly as much natural gas is exported to Mexico and Canada via pipelines as LNG is exported to other countries via cargo ships. For the first six months of 2023, the U.S. exported an average of 11.6 Bcf/d (billion cubic feet per day) of gas via LNG, and 8.8 Bcf/d via pipelines. Added together, the 20.4 Bcf/d of natgas we exported during 1H23 was the most ever exported for the first half of any year on record. Pop the cork!
The left thought it had won the Mountain Valley Pipeline (MVP) battle with three colluding (corrupt) and sympathetic judges from the U.S. Court of Appeals for the Fourth Circuit (4th Circuit). But then Congress, under the leadership of House Speaker Kevin McCarthy, passed the “debt ceiling” bill that forces the completion of MVP (see 
In the fall of 2021, President Biden signed into law the so-called Infrastructure Bill, some $1.2 trillion in pork barrel spending, passed with the help of turncoat Republicans (see 
TransCanada Corporation, which renamed itself TC Energy in 2019, bought out/merged in U.S.-based Columbia Pipeline Group (now Columbia Gas Transmission) in 2016 (see 
Freeport LNG’s export terminal with three liquefaction “trains” shut down in June 2022 after an explosion and fire (see 
Hope Gas, a Local Distribution Company (LDC), otherwise known as a utility company, provides gas service to approximately 112,000 residential, industrial, and commercial customers in thirty-five West Virginia counties. In January, Hope announced it was buying the West Virginia division of Peoples Gas, currently owned by Essential Utilities, for an undisclosed amount (see 
U.S. Energy Information Administration (EIA) forecasters are predicting a sharp drop in natural gas demand in the power sector in the coming decades based on an expectation that unreliable renewables will add tremendous new capacity build-out and will accelerate and displace other sources. However, EIA’s forecasts over the past decade have “consistently and severely” underestimated gas burn for power. The sharp analysts at RBN Energy have done a deep dive into the pitfalls of forecasting gas consumption in a world often focused on pushing a renewables-heavy generation stack.