IHS Markit Says New Conventional Drilling is Pretty Much Dead
IHS Markit, a global analytics company that tracks data in the oil and gas industry, recently published a new report titled “IHS Markit Conventional Exploration Results in Early 2018 Through 2019: No Rebound in Activity or Results.” Although we don’t have a copy of the full report, we do have IHS Markit’s excellent summary of the report. Here’s how we summarize their summary: Conventional (vertical only) drilling for oil and gas is pretty much dead and will remain dead–and shale killed it.
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A group of Ohio landowners sued Chesapeake Energy in 2015 in a class action, alleging that Chesapeake had shorted them on royalty payments (see 
Our good friend Charlie Schliebs, managing director of 
Two very important (perhaps we should say critically important) cases now sit before the U.S. Supreme Court–cases that have a direct bearing on the Marcellus/Utica region. Both cases deal with pipelines. The first case we’ve written about before: Dominion Energy’s Atlantic Coast Pipeline case to overturn a nutty decision by the U.S. Court of Appeals for the Fourth Circuit that judicially creates a new law that pipelines can’t cross under the Appalachian Trail without (no kidding) an Act of Congress. The other case involves the Hoopa Valley Indian Tribe in California–a case that has profound implications for the Constitution Pipeline from Pennsylvania into New York.
It’s time for the oil and gas industry (i.e. fossil fuels) to begin fighting for our right to exist. Irrational fossil fuel haters like Bernie Sanders and Elizabeth Warren utter the most outrageous lies and pledge to ban fracking nationwide. It’s now time to go on offense–to respond and set the record straight. It’s time to tell the truth about fossil fuels and the vital role they play now, and will play for years to come. A newly-formed group called The Empowerment Alliance (TEA) is doing just that.
Last week MDN published a post from the U.S. Energy Information Administration (based on EIA data) that points out worldwide energy use over the next 30 years will increase another 50%, and most of it will still be provided by (yep), fossil fuels (see 
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The Consumer Energy Alliance (CEA) is calling attention to the “great untold story” in Ohio and across the nation, a story intentionally ignored over the past week of faux climate change protests by kids playing hooky from school. What is the untold story? That the United States in general, and Ohio in particular, is “leading the world in environmental stewardship and emission reduction.” How? Because of shale energy–specifically because of shale gas.
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