What is a Hydrogen Hub & How Would It Benefit Marcellus/Utica?
PublicSource, a leftist, partisan “news” organization based in Pittsburgh, has published a surprisingly helpful and informative article on Pennsylvania’s efforts to attract one of the four $2 billion hydrogen hubs provided for in Biden’s so-called infrastructure bill. The article outlines what a hydrogen hub is (and is not), and how it connects to the state’s Marcellus industry. Most of the article is free of leftist dribble (although some bias and misinformation does creep in). For the most part, this is a good primer and backgrounder on hydrogen energy.
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Every single year Pennsylvania Gov. Tom Wolf proposed a budget (all eight years of his ignominious occupation of the office), he insisted on raising taxes on the Marcellus industry by adding a high severance tax to an already-high impact tax. Every. Single. Year. In addition to an impact (i.e. severance) tax in PA, Marcellus drillers must pay an insanely high corporate net income tax (CNIT) of 9.99%. All businesses in the state are subject to the CNIT. Because of the high tax burden (the impact tax and the CNIT added together), many drillers have decided to expand elsewhere, like West Virginia, Ohio, and Louisiana. Now that he’s leaving office, Wolf has signed on to a reduction of the CNIT, claiming he never liked that nasty ole tax anyway.
One of the unforeseen “benefits” of the Manchin-Schumer “Make Inflation Higher” bill is that it will empower the jackbooted thugs who control the federal Environmental Protection Agency (EPA) by empowering them to enforce onerous regulations that require expensive technologies like carbon capture and storage (CCS) to be used by the oil and gas industry. Welcome to Amerika. The U.S. Supreme Court recently clipped EPA’s wings with respect to limiting the agency’s misinterpretation of the Clean Air Act in order to regulate carbon dioxide (CO2) emissions from power plants (see 
BlackRock Inc., the world’s largest investment firm with $10 trillion in assets under management, is beginning to feel the heat of its anti-fossil fuel strategy. BlackRock is, without question, anti-fossil fuel energy. Yet the company and its representatives object when being outed as what they are, claiming they still love love love oil and gas companies. It’s not true. BlackRock pressures investors and investment funds to divest from fossil energy companies on the premise those companies are harming the planet. BlackRock itself is now being “harmed” by states like West Virginia, which has decided to end doing business with the company (see 
Two weeks ago, MDN brought you the news that a small amount of natural gas–roughly 22 MMcf/d (million cubic feet per day)–is once again flowing into the closed Freeport LNG export facility (see 
Loathsome and disgusting shale energy hater Josh Shapiro, Attorney General for Pennsylvania (running for governor), announced on Friday that he finally bullied Energy Transfer into pleading “no contest” (meaning they don’t admit to a darned thing) in a so-called criminal case against the company for a series of accidents affecting construction for both the Revolution and Mariner East pipelines. Shapiro brought the case–a case that converts accidents into crimes–in order to burnish his credibility with the wacko left in his own party. Now he has a “victory” to run on–and everyone in Pennsylvania is the poorer because of it.
On July 1, just as everyone was heading out the door for summer vacation, Ascent Resources announced it is buying another 26,800 acres in the Ohio Utica for $270 million (see 
PennEnergy Resources LLC, which according to the Pittsburgh Business Times is the 11th largest shale driller in Pennsylvania (with 405 active shale wells), achieved responsibly sourced natural gas certification from Project Canary on nearly all of its wells in January of this year (see 
During pipeline giant Williams’ 2Q22 update last week, company officials talked about expansion projects in the Marcellus/Utica region (see 
Make no mistake: The Manchin-Schumer “Soar Inflation Higher” bill is bad for the country in EVERY way, including bad for the fossil energy industry via an industry-killing methane tax (see 
As we point out in a companion story today, some in the oil and gas industry have sold out and are supporting the Manchin-Schumer methane tax. It’s sad (and angering). As we point out in that post, those companies believe they are insulated from the effects of the methane tax because they have already deployed technology to reduce methane emissions from their operations. But what happens when the federal government changes the rules by telling them their technology is junk and they have to replace it with new government-blessed technology? Right on cue, the Dept. of Energy announced it will spend $32 million on “research” to figure out what kind of technology can lower methane emissions.
Earlier this week, Energy Transfer (ET), the builder of the mighty Mariner East pipelines and owner/expander of the Marcus Hook refinery, issued its second quarter update. The company had plenty of positive news to report, including net income of $1.33 billion, a $700 million increase from the same period last year. In July, the company hit a new record high for the amount of NGLs flowing through the Mariner East pipeline system. It has also found a way to squeeze another roughly 10,000 barrels per day of NGL exports out of Marcus Hook.
While drilling in Chester County in August 2020 in the Marsh Creek State Park area, Energy Transfer’s (ET) Mariner East 2X pipeline experienced an “inadvertent return”–nontoxic drilling mud coming up out of the ground where it’s not supposed to (see 
The radicalized environmental left has opened up a new front in its disgusting (and insane) war against fossil energy. Three hard-left groups–U.S. PIRG Education Fund, Environment America Research & Policy Center, and ClientEarth–announced yesterday they have filed a lawsuit (i.e. fundraiser) against natural gas utility company Washington Gas in the District of Columbia Superior Court. The faux claims in the lawsuit say Washington Gas “misled” customers about the environmental impacts of using natural gas. This is a first-of-its-kind lawsuit in the United States, claiming a gas utility has violated consumer protection laws (i.e. “greenwashing”).
Enverus, a leading global energy data analytics and SaaS technology company, earlier this week released Macro Forecaster, a new report that assesses the continued impact of COVID-19, the Ukraine war, and the weakening global economy on near-term oil and gas balances. Enverus predicts the price of oil will be somewhere in the range of $80s or $90s per barrel by the end of this year. The company also predicts natural gas will slump to about $4.50/MMBtu by next summer.