NatGas Production in Lower 48 Goes Up in August, Thx to Utica
Although there’s less new drilling for oil and gas (at least there’s less if you believe press reports), and although DUCs (drilled but uncompleted wells) are decreasing, overall production in the lower 48 states is actually increasing. IHS Markit says natgas production in August increased month over month for the second month in a row–something that hasn’t happened in a year. Markit says the main reason is an increase in production in the northeast–specifically an increase in production in the Utica Shale. However, there were also increases in other plays. Here’s the full update…
Read More “NatGas Production in Lower 48 Goes Up in August, Thx to Utica”
Using natural gas may literally save your life. Researchers from the National Bureau of Economic Research (NBER) recently conducted research using the country of Turkey because that country has made a big shift over the past couple of decades, moving away from other forms of energy and to natural gas. The researchers looked at mortality rates for adults and the elderly and found that mortality rates for both groups dropped, dramatically, over that period. Why? How? Good questions. Because the air is now cleaner thanks to an increase in natgas use, there has been a decrease in pollution linked and a correlating decrease in lung and heart disease deaths among adults and the elderly. It’s in the report. Of course people living longer because of natural gas isn’t good news for anti-fossil fuel nutters…
The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Why Summit Midstream is focusing on the Utica; DOE Sec. Moniz visits WV; LNG imports coming back to US this winter; onshore drilling heading for a big comeback?; gas traders caught short by Cheniere; and more!
Macquarie Infrastructure has filed an application to build a new natural gas-fired electric generating plant in Chesapeake, Virginia, the state’s third most populous city, located near Norfolk. The facility, called Matex Virginia Power, would produce 1,400 megawatts of electricity by using three gas combustion turbines and one steam turbine. It’s not (yet) known how the new plant will get its gas, although Dominion’s planned $5 billion, 550-mile long Atlantic Coast Pipeline (ACP) project is scheduled to have a branch going to Chesapeake. It’s not much of a stretch to think that ACP will feed this new plant, bringing Marcellus/Utica gas from the north to the plant. Here’s the good news, followed by reaction from environmental Nazis that oppose it…
What happens when you put a virulent anti-driller in charge of a state’s forestry service, a state that previously had a small, safe, healthy program to allow some shale drilling, giving taxpayers a break with a source of new revenue? Of course the anti-driller immediately tries to quash any more new drilling efforts. And that’s just what has happened with former PennFuture president and current Secretary of the PA Dept. of Conservation and Natural Resources (DCNR), Cindy Dunn. We called for her firing back in June when she was caught using–we’d say misappropriating–taxpayer money to send her staff to Big Green reeducation events (see 
Getting a pre-packaged bankruptcy today is like ordering a McDonalds Happy Meal–just order and drive up to the window and pick it up. Simple. In July Halcon Resources, a Utica Shale driller that “guessed wrong” by leasing 140,000 Utica Shale acres in the northern part of the play (in Ohio) and currently doesn’t drill on any of that acreage, filed for a pre-packaged bankruptcy (see 
In June 2014 MDN broke the news that Moxie Energy was in the hunt to begin a third new Marcellus gas-powered electric plant project in Pennsylvania, near Wilkes-Barre (see 
Last Thursday Antero Midstream, the wholly-owned midstream subsidiary of powerhouse Marcellus/Utica driller Antero Resources, announced it is floating a round of “senior notes” (otherwise known as IOUs) to help the company pay off older debt. New debt for old debt. Not a game we enjoy playing, but Wall Streeters dig it. Antero Midstream first said they hoped to get $500 million for the notes, but later issued a second announcement “upsizing” the offering (like supersizing your fries at McDonalds) to $650 million. Such upsizing is typical (we’ve seen it dozens of times before). Here’s the announcements from Antero from last week…
Events related to drilling in the Marcellus and Utica Shale, primarily pro-drilling.
The drama surrounding Williams and whether or not the company will sell itself continues. Energy Transfer Equity’s (ETE) billionaire CEO Kelsy Warren propositioned Williams for over six months before going public with his overtures last year (see 