Drilling Tools Intl Merges with ROC Energy Acquisition, Goes Public
Drilling Tools International (DTI) has just received a major cash infusion of $40.8 million to expand and begin trading as a public company. DTI is a Houston, Texas-based oilfield services company that manufactures and rents downhole drilling tools used in horizontal and directional drilling of oil and natural gas wells. DTI, a private company until now, operates from 22 locations across North America, Europe, and the Middle East, including a location in Charleroi (Washington County), PA, where it services Marcellus/Utica drillers.
Read More “Drilling Tools Intl Merges with ROC Energy Acquisition, Goes Public”
The Tennessee Valley Authority (TVA) is a federally-owned electric utility corporation in the U.S. TVA’s service area covers all of Tennessee, portions of Alabama, Mississippi, and Kentucky, and small areas of Georgia, North Carolina, and Virginia. TVA is the sixth-largest power supplier and the largest public utility in the U.S. Two years ago, MDN told you that TVA is spending over $1 billion to replace six coal-fired plants with natgas-fired turbines (see 
MDN has repeatedly warned you that the International Energy Agency (IEA) has become a political shill for the extreme left environmental movement. Two years ago, the IEA published its laughable Net Zero Roadmap (see 
Early last week, we published a post about the possibility that Equitrans would revive its moribund project to build the 75-mile Mountain Valley Pipeline (MVP) Southgate project from the current MVP terminus in Pittsylvania County, VA, to Alamance County, NC (see 
An article in the Pittsburgh Post-Gazette tackles the issues of permit reform, environmental justice, and the intersection of the two. The article asks and attempts to answer the question, “How does one shape the other?” Based on quotes and comments in the story coming from the Shapiro administration, particularly from Acting Secretary of the Dept. of Environmental Protection (DEP), Rich Negrin, it’s obvious that Shapiro intends to redefine “environmental justice” so broadly that it will become meaningless. The aim seems to be to turn environmental justice into a blunt force instrument the left can use to deny any energy permit they don’t want to issue.
Those part of the environmental left were some of the biggest supporters of electing then-Attorney General Josh Shapiro as Pennsylvania’s next governor. But it seems the wacko environmental movement is not happy with their boy Josh. They have buyer’s remorse. It all started when, shortly after last November’s election, Shapiro announced a deal with Coterra Energy (formerly Cabot Oil & Gas) to settle a criminal case against the company for the decade-old matter of methane migration in Dimock, PA (see 
Just when you thought it couldn’t get any worse in New York, the “Empire State,” it does! In May, New York Gov. Kathy Hochul (Democrat) signed a budget into law that includes provisions to ban gas stoves and furnaces in new residential buildings (see 
In the summer of 2021, Patterson-UTI Energy, which operates 21 active rigs in the Marcellus/Utica (out of 49 active M-U rigs, nearly half of all active M-U rigs!), announced it was buying a smaller competitor, Pioneer Energy Services Corp. (see 
Even as the Bidenistas at the Dept. of Energy are deciding which regional hydrogen hub proposals to fund, and even though Pennsylvania, with its parochial application that competes against a much better application from West Virginia, Ohio, and Kentucky, the Democrats in the PA House are attempting to force any new hydrogen projects in the Keystone state to NOT use fossil fuels–namely Marcellus Shale gas. Yes, they are insane! PA Dems (led by State Rep. Greg Vitali) are about to screw up PA’s already long shot at grabbing one of the 6 to 8 regional hydrogen hub projects and $1 billion in funding by promoting House Bill (HB) 1215–written by the radicals of the National Resources Defense Council (NRDC). Talk about dumb. Wow!
The Bidenistas have put their anti-freedom, pro-tyranny agenda into overdrive. On Tuesday, the administration released its semi-annual Unified Agenda of Regulatory and Deregulatory Actions, a report on the actions administrative agencies (part of the Executive Branch of government) plan to issue in the near- and long-term. Both the Interior and Energy departments are moving full speed ahead to try and lock in some of Biden’s most restrictive and punitive (to fossil energy) policies they can before the election, hoping to make it impossible to undo the damage after they lose the next election.
We’ve written about the sleazy practice of “sue and settle” in the past–a practice whereby government agencies like the EPA get their friends in the radical environmental movement to sue them, then they quickly settle the case and say, “See, we HAVE to do this because the court is making us do it.” (
The Ohio Dept. of Natural Resources (ODNR) recently released production numbers for the first quarter of 2023, and wow! What a surprise! Oil production in the northern Utica Shale skyrocketed, led by wells drilled by Encino Energy. According to an analysis by the Youngstown Business Journal, four shale wells drilled by Encino in Columbiana County have “shattered previous production figures in the county.” Adding up all oil production by all drillers, Encino had the most oil production in the state, with 53.7% of the total oil produced in the Utica/Point Pleasant during the first quarter. It certainly looks like Encino has cracked the oil code in the Buckeye State!
