EIA Nov Drilling Report: Marcellus Production Up for 2nd Month
Yesterday MDN’s favorite government agency, the U.S. Energy Information Administration (EIA), issued our favorite monthly report–the Drilling Productivity Report (DPR). The DPR is the EIA’s best guess, based on expert data crunchers, as to how much each of the U.S.’s seven major shale plays will produce for both oil and natural gas in the coming month. Last month was a bit of a surprise, with the Marcellus reversing the trend and producing more gas than it did the month before (see EIA October Drilling Report: Marcellus Reverses, Increases Production). This month that trend continues. Marcellus production is predicted to go up an average of 130 million cubic feet per day (MMcf/d)! Utica production continues to decline, predicted to drop another 12 MMcf/d from the previous month’s estimate. Even with a big bump up in production in the Marcellus (and an increase month over month in the Permian), it’s still not enough to reverse the trend that overall, production from all of the shale plays cumulatively will go down in the coming month–a drop of 94 MMcf/d. Drilled but uncompleted wells (DUCs) went down for the Marcellus by 7, meaning there are 7 fewer wells to complete (inventory dwindling). The Utica added 1 DUC well to its inventory…
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In March we highlighted the issue of abandoned oil and natural gas wells in Pennsylvania (see 
For a number of years we’ve had our eye on Fairmont Brine Processing, headquartered in Fairmont, WV. We originally started writing about the company in 2010 when it was AOP Clearwater (see
We shudder to think what would have been, if just a few more votes had gone the other way last Tuesday. Last week we authored an article in which we stated, “We don’t think it’s a stretch to say that energy voters in PA handed Trump the White House” (see
The big Texas law firm Bracewell, which until earlier this year was Bracewell & Giuliani (Rudy left in January), has put together an helpful analysis of what changes we can expect under a President Trump Administration. Although they tackle a number of areas, we were interested to read their predictions for what will be happening with energy and the environment under President Trump. What’s in store for pipelines? Obama’s Clean Power Plan? EPA’s onerous regulations? The Bracewell legal beagles haul out their crystal ball and give us a glimpse…
The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Utica Shale picks up funding gaps for OH public schools; court hears arguments in 3 shale cases; will Trump end Williams pipeline delays?; where Trump will make an immediate impact on the energy sector; will Trump’s stance with Mexico affect gas prices?; Jamaica eyes regional LNG hub; OPEC says no $60 oil until 2020; and more!
Chesapeake Energy, which continues to be strapped financially, embarked on a mission to lighten the debt load years ago–first under co-founder Aubrey McClendon, and then more aggressively under his successor, Doug “the ax” Lawler. Many pieces of the company have been sold off: the Oilfield Services division, all of its Haynesville Shale assets, all of its Barnett Shale assets…we could go on. Chessy loves to do land deals. In December 2014 Chesapeake sold off 413,000 Marcellus acres mostly in West Virginia (see
Virginia Gov. Terry McAuliffe recently approved changes to environmental regulations that requires “mandatory disclosure of fracking chemicals, baseline water testing and monitoring, and spill prevention and response planning.” While leftie Big Green groups love the new rules, the drilling industry is working to ensure trade secrets (exact combinations of chemicals) can’t be discovered by using Freedom of Information Act laws. The big news, for MDN, is that with the enactment of these new rules (see a copy below), it appears shale fracking is a huge step closer to happening in the Old Dominion…
The Federal Energy Regulatory Commission (FERC) has approved a 7.8 mile off-shoot pipeline from the mighty Millennium Pipeline in Orange County, NY that will feed a new natgas-fired electric plant being built in Wawayanda. The pipeline will supply 130 million cubic feet per day (MMcf/d) of Marcellus gas to feed the new power plant. This is the Competitive Power Ventures (CPV) $900 million plant being opposed by rich Hollywood actor James Cromwell, who lives near the plant site (see 

Hey, it’s great when the oil and gas industry is booming (figuratively)–when the drill bits are chewing away at rock and dirt and when fracking is blasting rocks apart. Love it! But it really sucks when the drill bits go quiet–especially for companies in the supply chain, those who sell goods and services to the industry. Obviously it helps to be diversified–to sell your goods and services to customers outside the o&g industry. That’s the approach taken by the prescient MMR Constructors Inc. MMR services a number of industries, but they LOVE the oil and gas industry–upstream, midstream and downstream. MMR, based in Baton Rouge, LA, is building a sizable new office in Lawrence, PA. They sell to the Marcellus/Utica industry. MMR is “hoping” Marcellus/Utica activity picks up again. But what they really have their eye on is the coming manufacturing boom that will follow Shell’s ethane cracker plant, once it is up and running…
We’ve long held that believing in man-made global warming is an act of irrational faith. In fact, it takes MORE faith to believe in global warming than it does to believe in God. We have long said that global warmists are, in fact, no different from religious zealots. We’re not comparing warmists to sane folks who believe in God, but those who take faith to an extreme–motivating them into rhetoric (and actions) that leave the realm of sanity. Such is it with some (not all) in the man-made global warming movement. Example: Some 40 far left, liberal “faith leaders” in Maryland this past weekend dispensed with delivering the Sunday sermon on God and Jesus, and instead elected to preach global warming hellfire and brimestone. That is, they have forsaken their first love, having been lured away by a false Gospel…