8 New Shale Well Permits Issued for PA-OH-WV May 22-28
New shale permits issued for May 22-28 in the Marcellus/Utica fell again for a second week. There were only 8 new permits issued, down from 12 new permits issued the previous week (and 26 the week before that). This is the latest indicator of a slowdown in gas drilling in our region–the first indicator being a sudden dropoff a few weeks back in the rig count (see U.S. Natural Gas Drilling Rig Count Craters, Down 10% in One Week). Last week’s permit tally included 6 new permits for Pennsylvania, no new permits for Ohio, and 2 new permits in West Virginia.
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Marcellus driller Northeast Natural Energy (NNE) has begun to drill a geothermal and carbon capture and sequestration (CCS) data collection well, all the way down to 15,000 below the surface (see
Although U.S. Senator Joe Manchin “absolutely thinks” that Congress will pass the debt ceiling bill negotiated by President Joe Biden and House Speaker Kevin McCarthy, it’s still an open question as to whether or not it will pass. There are plenty of people on both ends of the political spectrum who are more than unhappy with the bill and plan to vote against it. At least, that’s what they say now. Today will be the acid test when a finalized bill appears and gets a vote in the House of Representatives. The billed, called the “Fiscal Responsibility Act of 2023,” contains language that forces the completion of the 303-mile Marcellus/Utica Mountain Valley Pipeline (MVP). Manchin says if the bill passes, all currently open and pending lawsuits against MVP in the U.S. Court of Appeals for the Fourth Circuit will be immediately dismissed.
Big news over the weekend. President Biden and House Speaker Kevin McCarthy agreed to a compromise deal to raise the debt ceiling–into the stratosphere. Part of the deal is a provision in the 99-page “Fiscal Responsibility Act of 2023” called Section 324, which expedites the completion of the 303-mile Mountain Valley Pipeline (MVP) project. MVP will flow 2 billion cubic feet per day (Bcf/d) of Marcellus/Utica gas from Wetzel County, WV, to Pittsylvania County, VA. Needless to say, anti-fossil fuel nutters began howling at the moon and clawing at their faces upon hearing the MVP news.
Today’s lead story shares the good news that Mountain Valley Pipeline (MVP) is finally getting a literal “act of Congress” to force its completion (see Biden-McCarthy Debt Ceiling Deal Includes Finishing MVP PDQ). One of the provisions in the “Fiscal Responsibility Act of 2023” (debt ceiling bill) removes jurisdiction to hear court cases brought against MVP away from the corrupt U.S. Court of Appeals for the Fourth Circuit and gives it to the D.C. Circuit instead. Which may not be the panacea we were hoping for. On Friday, the D.C. Circuit ruled in a case concerning MVP that has the potential to delay the project further. So much for the D.C. Circuit being MVP’s savior…
Last Friday, Form Energy, a Boston-based firm building a utility-scale battery factory just across the Pennsylvania border in Weirton, West Virginia, held a groundbreaking ceremony on the site of a former steel plant. On hand for the ceremony were Jennifer Granholm, Secretary of the Department of Energy (DOE), and U.S. Senator Joe Manchin, from WV. We don’t care a fig about the battery factory. It was comments about a potential Appalachian hydrogen hub, made during interviews at the event, that caught our attention. Granholm all but guaranteed a hydrogen hub is coming to our region. Hello, $1 billion! Joe Manchin went even further and said, “I think West Virginia is going to be awarded a hydrogen hub.” What does Joe know that we don’t?
Last Thursday, a Congressman from Pennsylvania, John Joyce (a physician from Altoona, PA), introduced House of Representatives Bill (HR) 3500, called the “Mountain Valley Pipeline Completion Act” (copy below). Which we find interesting because Mountain Valley Pipeline (MVP) does not touch PA, although a PA company, Equitrans, is building it. The 303-mile MVP pipeline starts in Wetzel County, WV, and runs through WV into Virginia, ending in Pittsylvania County, VA. The project has been stalled for years due to repeated lawsuits from foreign-funded Big Green groups. HR 3500, aimed at finishing MVP, was co-sponsored by U.S. Reps. Carol Miller (R-WV), Guy Reschenthaler (R-PA), Mike Kelly (R-PA), Dan Meuser (R-PA), and Alex Mooney (R-WV). Here’s what the bill would do…
Two weeks ago, the Bidenistas at the Environmental Protection Agency (EPA) released a hellscape of new regulations aimed at forcing coal- and natural gas-fired power plants to close (see
Last week MDN told you the U.S. Forest Service (USFS) had given final approval to Mountain Valley Pipeline (MVP) to install pipe through 3.5 miles of woodlands, and under the Appalachian Trail, in the Jefferson National Forest in Monroe County in West Virginia, in and Giles and Montgomery counties in Virginia for the THIRD time (see
The news lit up Friday afternoon with the latest rig count by Baker Hughes Co. (BKR). We always caution that weekly rig counts are not a reliable way to gauge drilling activity as the count floats up and down each week. However, on Friday, the bottom kind of dropped out of the natural gas rig count. BKR said the gas-focused rig count dropped by 16 to 141 for the week, which amounts to a 10% drop in a single week. That *does* get your attention. The general consensus seems to be that low, low prices (bumping around near $2/MMBtu) have finally taken their toll, and drillers are pulling back on drilling new wells. How many rigs were lost in the Marcellus and Utica last week?
Earlier this month, U.S. Senator Joe Manchin (liberal Democrat from West Virginia) introduced a permitting reform bill (for the third time) to save the Mountain Valley Pipeline (MVP) from the clutches of colluding leftists who sit on the U.S. Court of Appeals for the Fourth Circuit (see