MDN’s Energy Stories of Interest: Thu, Jul 3, 2025 [FREE ACCESS]
OTHER U.S. REGIONS: Texas oil regulator launches DOGE Task Force; Oil, gas activity contracted in Q2 on higher US steel tariffs, Dallas Fed survey shows; NATIONAL: The weather is hot, but not man-made; Decline of the great North American decarbonization charade; Four reasons why this 4th of July is better; Despite warnings, Biden’s energy department disbursed $42 billion in its final hours; INTERNATIONAL: Oil jumps on Vietnam trade deal; European Commission proposes 90 pct emissions cut by 2040. Read More “MDN’s Energy Stories of Interest: Thu, Jul 3, 2025 [FREE ACCESS]”
Environment-related permitting in Pennsylvania, overseen by the Department of Environmental Protection (DEP), has been a hot mess for years. A Chapter 102 Erosion and Sedimentation permit sometimes takes two, three, or even six months for approval, instead of the policy-mandated 14 days. The DEP announced last November that it would soon implement the SPEED (Streamlining Permits for Economic Expansion and Development) program to speed up the permit approval process (see 
Once again, the NYMEX natural gas front-month contract (for August) took a plunge, going down 32.40 cents (8.67%) over the last two trading sessions. On the bright side, the price, which closed at $3.4150/MMBtu yesterday, is 40% higher than this time last year. At least there’s that. The question is, why is it heading lower, and how low will it go? We went looking for answers in the usual places. It’s important to note that most of the loss came in Monday trading, when the price “collapsed” by 28.3 cents (7.6%). Yesterday, the price declined a modest 4.10 cents (1.19%). 
We are finally seeing a return to sanity and real science following four years of out-of-control edicts during the Biden autopen administration. (The old fool likely didn’t even know a tenth of the things signed under his name.) On Monday, the Federal Energy Regulatory Commission (FERC), along with the Departments of Agriculture, Energy, the Interior, and Transportation, revised regulations to eliminate all references to considering climate change, environmental justice, and other so-called environmental issues in their permit reviews. The left under Biden had introduced such nonsense in a bid to block new fossil energy projects. No more! The pendulum has swung back to the common-sense middle. 
The climate change hoaxers of the Environmental Defense Fund (EDF), along with other Big Green groups, are attempting another headfake of oil and gas companies and the financial institutions that help fund them. The Methane Finance Working Group, an initiative launched at the United Nations’ COP28 climate summit in 2023, released guidance to “deliver and deploy market-tested finance mechanisms that facilitate decarbonization across the oil and gas sector, while expanding the opportunities to achieve measurable methane emission reductions,” according to EDF. What the heck does that even mean? 
MDN previously brought you the news that the Pennsylvania Dept. of Environmental Protection (DEP) approved a plan by Catalyst Energy to convert an existing conventional gas production well on Route 646 in Cyclone (Keating Township, McKean County, PA) into a shale wastewater injection well (see 
Fox Tank Company, a Texas-based provider of steel storage tanks and pressurized separation vessels for the oil and gas industry, has opened a new manufacturing facility in Coshocton County, OH, at the former site of Crozier Welding. Fox has pledged to invest $7.9 million and create 89 new jobs at the facility. Fox chose the site due to its proximity to the growing Marcellus and Utica Shale drilling for oil and gas, as well as its proximity to the company’s existing customers. 
We’ve pointed out (for years) the relative success the anti-drilling left has had in blocking new pipeline projects to carry Marcellus/Utica molecules to other regions, stifling new drilling in our area as a result. Although it has been and will continue to be a challenge to build new pipeline projects, the Trump administration is making it easier. Trump’s policies encourage new pipelines and more access to natural gas. We spotted an article from Reuters that provides an overview of eight pipeline projects that are actively being pursued to carry M-U molecules to other regions. We’ve covered all of these projects in previous posts. The Reuters article compiles the most likely candidates for new pipeline projects into a single, convenient article. 
The number crunchers at the U.S. Energy Information Administration (EIA) analyzed proved reserves data for 2023 (the most recent year available) and determined that proved reserves of U.S. natural gas decreased 12.6% year over year, from 691.0 trillion cubic feet (Tcf) to 603.6 Tcf. This was the first annual decrease in U.S. natural gas reserves since 2020. Looking at the numbers for Pennsylvania, Ohio, and West Virginia, natural gas proved reserves decreased by 4% (PA), 13% (OH), and 6% (WV) from 2022 to 2023. The report shows that Marcellus gas reserves dropped 5.9% in 2023. 
Last week, a new company entered the U.S. LNG export market. Coastal Bend LNG, a privately held energy infrastructure development company, announced it has initiated the development of a 22.5 million ton per annum (MTPA) natural gas liquefaction and export facility on the Texas Gulf Coast. The company plans to file an application with the Federal Energy Regulatory Commission (FERC) this year. If the full vision is realized (22.5 MTPA), it will become the second-largest LNG export plant in the U.S., behind Cheniere Energy’s 29.5 MTPA Sabine Pass facility. 
The 2025 Energy Institute Statistical Review of World Energy was published on June 26, 2025, covering full-year 2024 data on global energy and emissions statistics. Global energy supply reached an all-time high with natural gas contributing the most incremental supply additions of any single energy source in 2024. Nearly 87% of global energy consumption was accounted for by fossil fuels (much of it gasoline and diesel for vehicles). The natural gas share of the global energy supply is 25%. Natural gas accounted for 33% of the incremental increase in global energy supplies in 2024, the largest share of any fuel source. So much for the renewables-are-taking-over fairy tale. Fossil fuels remain king of the energy market.
It’s bloody. It’s brutal. Last week, for the ninth consecutive week, the Baker Hughes U.S. rig count declined (by seven rigs) to its lowest level since October 2021, ending the week at 547 active rigs. The national rig count continues in a free fall. For the fifth week in a row, the Marcellus/Utica count remained the same, at a combined 36 active rigs. The Pennsylvania Marcellus operated 18 rigs. The Ohio Utica operated 11 rigs. And West Virginia operated seven rigs. So, at least there’s some good news with respect to the M-U.