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M-U Rig Count Stabilizes @ 33; National Rig Count Drops 2 @ 588
Two weeks ago, the national rig count, which counts all oil and gas rigs, added an astonishing eight rigs to the count after languishing for months — the biggest weekly gain in a year. As we told you, the Marcellus/Utica rig count from two weeks ago remained at 33, but that wasn’t the whole story (see Rig Bloodbath Continues – Pennsylvania Loses 7 Rigs in 3 Weeks). The whole story is that Pennsylvania is losing rigs, bleeding rigs, like crazy—four rigs gone in two weeks. And West Virginia is gaining those lost rigs. Last week’s Baker Hughes rig count shows the M-U maintained at 33. Thankfully, no rigs changed in any of the three M-U states. Read More “M-U Rig Count Stabilizes @ 33; National Rig Count Drops 2 @ 588”
In a statement issued last week, the North American Electric Reliability Corporation (NERC) said it “remains concerned about maintaining sufficient natural gas supplies to address extreme winter conditions” for this upcoming winter heating season. In a “Statement on Criticality of Natural Gas this Winter” (full copy below), NERC noted that next month marks the one-year anniversary of the FERC/NERC/Regional Entity staff report on Winter Storm Elliott—a wide-area extreme cold event that affected states in the Eastern Interconnection from Georgia to Maine and from Nebraska to Pennsylvania. The primary cause of that almost-outage was, says NERC and the report, reduced production (freezeoffs) at Marcellus/Utica wells. 
Net-zero energy policies in the Pacific Northwest will produce staggering (“crippling”) costs to individuals and businesses without providing any meaningful environmental benefits, warns a monumental new research report from Discovery Institute’s Reasonable Energy program. “The effects on your monthly electric bill are going to absolutely devastating,” says economist and report author, Jonathan Lesser. “The average person is going to see their electric bill balloon 450% by 2050. Small business owners won’t escape, they’ll see their bills going from an average of $600 a month today to almost $4,000 in the next 25 years.” 
Hidden in last Friday’s weekly Baker Hughes official rig count is a big story happening in the Marcellus/Utica. From the 30,000-foot level, Friday’s latest rig count report appeared just fine. The national rig count, which counts all oil and gas rigs, added an astonishing eight rigs to the count after languishing for months — the biggest weekly gain in a year. Very nice. The M-U count maintained at 33, down from a few weeks ago, but still not completely terrible. But then you open the hood and look at the engine, and something startling happens. Pennsylvania is losing rigs, bleeding rigs, like crazy—four rigs gone in the last two weeks. And West Virginia is gaining those lost rigs. Typically, there’s no one answer as to why these things happen. Our best guess is that Mountain Valley Pipeline (MVP), coming online from the northern panhandle of WV to southern Virginia, carrying natgas to markets outside the immediate region for higher prices, has much to do with this realignment.
The Pennsylvania Dept. of Environmental Protection (DEP) wants to spend some of the $214+ million it’s receiving from the federal government’s Phase 1 & 2 program to plug orphaned conventional oil and gas wells on a research project to determine the potential health impacts of living near such wells. You may recall the flawed (totally fake) “research” conducted by the University of Pittsburgh in 2023 that purported to show a connection between shale drilling and childhood cancer clusters (see 
The Ohio Department of Natural Resources (ODNR) released production numbers for the second quarter of 2024 yesterday. The story the numbers tell continues to be about Utica oil, which continues to rise each quarter. Ohio’s total oil production during 2Q24 was 8.01 million barrels, up 23% from 2Q23’s 6.5 million barrels and up 11% from 1Q24’s 7.2 million barrels. The story of oil in the Buckeye State can’t be told apart from Encino Energy (EAP), which produced nearly half of all the state’s oil during 2Q24. As for natural gas production, it’s no surprise it went down slightly in 2Q24, given the current low price for gas. The state produced 526.6 Bcf in 2Q24, down 3.7% from 2Q23’s 547.0 Bcf, and down 1.4% from this year’s first quarter number of 534.0 Bcf. MDN pulled the numbers from the ODNR quarterly report and produced top 25 lists for both gas and oil wells.
Once a month, the U.S. Energy Information Administration (EIA) analysts issue the agency’s 
A very big story is unfolding in the Marcellus/Utica, and nobody else is talking about it. There is a major reshuffling of rigs in the M-U, with Pennsylvania losing active rigs and West Virginia picking them up. Two weeks ago, PA dropped from 21 to 18 active rigs, the lowest count it has had in 2 1/2 years (see 
According to the U.S. Energy Information Administration (EIA), North America’s liquefied natural gas (LNG) export capacity is on track to more than double between 2024 and 2028, from 11.4 billion cubic feet per day (Bcf/d) in 2023 to an astonishing 24.4 Bcf/d in 2028! That is, if all the projects currently under construction begin operations as planned. However, that increase includes not just exports from the U.S. but also from Canada and Mexico. Yes, somehow, magically, countries like Canada and Mexico, where Big Green thought it held an iron grip, will soon begin to export LNG (some of it U.S. molecules).
The International Gas Union (IGU), Snam, and Rystad Energy partnered (as they have in the past) to produce and release the Global Gas Report 2024 (full copy below). The authors are sounding the alarm. According to the study, should gas demand continue to grow as it has in the last four years without additional production development, a 22% global natural gas supply shortfall is expected by 2030. If demand continues to strengthen, the shortfall will be even more pronounced. There is, say the authors, an urgent need to scale up investments. NOW. 
PJM Interconnection is the largest U.S. power grid operator, serving 65 million people in 13 states plus the District of Columbia (including PA, OH, and WV). PJM supplies power to more than 20% of the U.S. economy. Most of the states in PJM are not energy self-sufficient. They don’t produce enough electricity to meet their own demand. Pennsylvania is the exception and has become THE main producer in the PJM region, exporting electricity to its neighbors. However, according to a chilling new report by Pittsburgh Works Together (PWT), PA Gov. Josh Shapiro’s electricity proposals will destabilize the PJM grid and potentially cause massive blackouts. 
We spotted an article on the always-excellent NGI website (the