Northeast Natural Energy Gets $65M Investment for More Drilling

Northeast Natural Energy (NNE) is a small-to-midsized driller headquartered in Morgantown, WV. The company drilled its first shale well in 2013. NNE currently owns 49,000 acres of leases “in the heart of the Marcellus Fairway,” operating 27 Marcellus wells and over 100 conventional oil and gas wells, mainly in West Virginia (with some located in southwestern Pennsylvania). In April 2017 MDN reported that NNE had obtained $300 million of investment from two investment firms (see WV Driller Northeast Natural Energy Gets $300M Investment). This week the company announced it has received another $65 million to help fund more drilling and lease acquisitions.
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4th Circuit Clown Judges Once Again Stop MVP Construction

Enough! How many times do we have to put up with Obama/Clinton liberal Democrat judges from the U.S. Court of Appeals for the Fourth Circuit blocking the legal and legitimate construction of Mountain Valley Pipeline (MVP)–a project which is 92% in the ground and done! Last Friday the clowns did it again for the umpteenth time–slapping a “temporary” order blocking construction because the anti-America, Russia-backed Sierra Club filed yet another frivolous lawsuit against the project.
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Diversified Gas & Oil Employs 425, Spends $100M per Year in WV

Rusty Hutson, Jr. – DGO CEO

Diversified Gas & Oil (DGO) is a fascinating company (see our DGO stories here). DGO’s strategy is to seek wells in “the long tail.” That is, wells already drilled with production along the decline curve. DGO CEO Rusty Hutson, a West Virginia native, recently wrote a column for the Charleston Gazette-Mail expressing his company’s love for and investment in the Mountain State. DGO’s commitment to WV is extensive.
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PA, OH, WV: Watch Biden in His Own Words on Fracking, Fossil Fuels

Donald Trump is NOT lying about Joe Biden and the words Biden has used about his desire to ban fracking *and* eliminate the use of fossil fuels. We have the video (below) showing clips from various Biden events where he unequivocally states he will ban fracking, and (in time) eliminate the use of all fossil fuels. This is Biden in his own words. So was Biden lying then? Or is he lying now?
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WVU Engineers Get $3M Grant to Microwave Flared M-U NatGas

WVU engineers John Hu and Xingbo Liu

Two researchers at West Virginia University (WVU) have received a $3 million grant to aid in their research to figure out how to use microwaves on flared natural gas to convert the flared gas into carbon nanomaterials and hydrogen–and do it all cheaply. Coincidentally, we spotted a second announcement from a company already using microwaves to convert flared gas into hydrogen and acetylene.
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Army Corps Reissues NWP12 for Mountain Valley Pipeline in VA, WV

Some fantastic news to share. Last Friday the U.S. Army Corps of Engineers reissued the second of three necessary permits required to finally finish the 92% complete Mountain Valley Pipeline (MVP) project in Virginia and West Virginia. The Army Corps reissued a permit they previously issued (but got overturned by Big Green groups in court), a Nationwide Permit (NWP) 12, allowing the project to cross over or under some 1,000 or so creeks, rivers, and wetlands.
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PA & OH Natural Gas Production Nosedived Last Week, Down 2 Bcf/d

Two days ago MDN brought you news that natural gas prices in the Marcellus/Utica region are about to get really ugly, at least for the next couple of months (see Ugly Gas Prices Coming to M-U – Demand Falls More than Production). We now have the other side of the coin to share. M-U producers are shutting-in gas production like crazy. Last week M-U gas flows went down a huge 2 billion cubic feet per day (Bcf/d)–from 32 to 30 Bcf/d.
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WV Approves Loan Guarantee for Brooke County Power Plant

Justice (with a small “j”) has prevailed in West Virginia. We’ve covered the issue of a proposed new shale gas-fired power plant planned for Brooke County, WV for years. We are down to the wire on some of the final bits needed for this project to advance. One of those bits, the last major hurdle, is a loan guarantee for $5.5 million, covering a tiny part of the financing required to build this nearly $1 billion project. Yesterday the WV Economic Development Authority unanimously approved the loan guarantee.
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WVU Researchers Get $1.5M Grant to Develop Fugitive Methane Tech

Researchers at West Virginia University have won a $1.5 million grant from the U.S. Dept. of Energy to develop technology that will cut down (eliminate) methane from leaking at natural gas production sites–like wells and pipelines. The researchers are developing a “methane mitigator system” to trap what is sometimes called “fugitive methane.” But don’t expect successful outcomes from this research to appease environmental nutjobs. They’ll still hate methane anyway, even if every last molecule is trapped.
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Construction Co. Sues MVP for $104M, Demands Sale of Pipe

Last December MDN brought you news that Equitrans had canceled a contract with Trinity Energy Services to build a portion of the 303-mile Mountain Valley Pipeline project (see Equitrans Cancels Trinity Energy Contract re Mountain Valley Pipe). Since that time talks have broken down between the two sides over compensation for change orders and other items, and now Trinity is suing Equitrans, demanding MVP sell the pipe in the ground to pay Trinity $103.8 million to satisfy the money Trinity says it is owed.
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Enverus Onshore Rig Count Bumps Up & Down, Utica Loses 1 Rig

Another week, another look at the rig count. The onshore rig count continues to bump along near the bottom of historic lows. It’s not AT the bottom (thank God), but it does continue to flirt with low numbers. According to Enverus, which tracks rigs using GPS units, the count bottomed at the beginning of July with 264 active rigs. Since then it’s risen and currently stands around 280 rigs. Week to week it goes up and it goes down, but not down significantly. According to Enverus, the count lost a rig last week.
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10 Democrat Senators Ask Warren Buffet to Invest in WV NatGas

Waaaiiit just a minute. Did we just slip through the looking glass? Ten Democrat State Senators from West Virginia sent a letter earlier this week to Warren Buffett asking the billionaire to consider investing in natural gas projects in the Mountain State. The letter states their sadness that Atlantic Coast Pipeline was canceled, but expresses hope that Buffett’s purchase of Dominion’s other pipeline assets augurs a bright future. We could have sworn this letter was sent by conservative Republicans!
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Mountaineer Xpress Pipe Back Online After Unplanned Maintenance

Whew. We can now breathe a sigh of relief. On July 7 TC Energy’s Columbia Gas Transmission subsidiary announced an unplanned outage (for maintenance work) for the Mountaineer XPress (MXP) pipeline in West Virginia–near Leach, Kentucky (see Mountaineer XPress Unplanned Maintenance Knocks 2 Bcf/d Offline). The “force majeure” outage knocked nearly 2 billion cubic feet per day (Bcf/d) of gas flows offline. On Saturday, July 11, TC Energy brought Mountaineer XPress back online–two days earlier than forecast.
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WVU Launches Water Quality Portal to Gauge Impact of Shale Wells

West Virginia University (WVU) has created a new “water quality impact portal” website that allows people to investigate water quality in shale gas regions of West Virginia. The portal contains data for more than 1.3 million surface and groundwater samples from 14 counties where most Marcellus Shale gas development has occurred. The data comes from federal and state agencies.
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Leftwing Academic Hacks Trash Talk PA, OH Cracker Plants

A group of leftwing radical professors (all of the Democrats) from seven universities in Ohio and Pennsylvania have colluded to write a letter to the governors of Ohio, Pennsylvania and West Virginia. The letter trash talks the billions of dollars in economic impact and tens of thousands of jobs ethane cracker plants and the petrochemical industry will have in the region. The leftist gang of seven poo-poos those estimates and says the proposed PTT cracker is too “risky” to approve. How do they figure?
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