CA Company Locates in Lycoming, PA to Build Hydrogen Storage Tanks
Verne, Inc., a California-based energy company, announced last week that it will open its first manufacturing plant in the Marcellus Energy Park near Muncy, Lycoming County, PA. Verne developed a process to increase the density of hydrogen by storing the gas in a cold and compressed state, making it more efficient to transport in larger volumes. The new PA facility (which should be up and running in nine months) will build the storage tanks for this cold hydrogen. The hydrogen will be transported via truck to power data centers, drilling sites, construction sites, and more. Read More “CA Company Locates in Lycoming, PA to Build Hydrogen Storage Tanks”
The media fuss is hard to miss about today’s Pennsylvania Energy and Innovation Summit being held at Carnegie Mellon University in Pittsburgh. PA Senator Dave McCormick organized the event. Among the attendees will be President Trump, several cabinet secretaries, and other White House officials. Much of the buzz is around $90 billion in AI and energy investments expected to be announced. In preparation for the big event, a roundtable was held yesterday at CNX headquarters in Washington County, PA, to discuss clearing away permitting obstacles and red tape to help PA realize some (if not most) of that $90 billion in investments. 
The more the Pennsylvania Department of Environmental Protection (DEP) beats the drum to say it has solved the slooooooow permitting process in the state, the more hollow it rings. It seems like every other week, the DEP issues a press release to announce it has almost cleared all of the agency’s backlog of permits. Another such pronouncement was issued yesterday. The DEP claims its permit backlog has been reduced by 98% since November 2023, decreasing the backlog from over 2,400 permit applications to fewer than 50. Good for them. 
Kentucky has experienced unprecedented economic growth in recent years, similar to other southern states. Data centers are looking to Kentucky for future expansion. Last fall, Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU), both part of PPL Corporation, forecasted in their Integrated Resource Plan (IRP) the need for additional power generation due to the expected influx of data centers and economic development across their service territories (see 
NATIONAL: Trump’s tax law throws lifeline to unloved energy and climate sectors; INTERNATIONAL: WTI slips below $67 amid global tariff turmoil; How likely is $100 oil in 2025?; OPEC claims the world needs $18.2 trillion in O&G investments by 2050; Middle East gas exports soar to meet global demand. 
The Baker Hughes U.S. rig count has been hemorrhaging for 11 consecutive weeks. Last week, the U.S. rig count declined by another two rigs to its lowest level since October 2021, ending the week at 537 active rigs. You have to go back to the dark days of the pandemic, July 2020, for the previous 11+ consecutive weeks of decline in the rig count. The Marcellus/Utica stayed even (after falling by one two weeks ago) at a combined 35 active rigs. There were 23 rigs targeting the Marcellus and 12 rigs targeting the Utica last week. 
We had heard rumors that the LNG liquefaction plant planned by New Fortress Energy (NFE) for Wyalusing in Bradford County, PA, was being dropped in favor of an alternative. Namely, a gas-fired power plant project. We can now confirm that the rumors are true. The Pennsylvania Department of Environmental Protection (DEP) published notice in the July 12 PA Bulletin inviting comments on an air permit for the proposed 248 megawatt (MW) Wyalusing Energy Center, a natural gas-fired power plant in Wyalusing Township, to be used to power a data center. The power plant permit is for the exact location where the LNG liquefaction plant was planned. 
Penneco Environmental Solutions wants to build a second wastewater injection well in Plum Borough (Allegheny County), PA, next to an existing injection well. Penneco’s first wastewater injection well in Plum finally opened for business in mid-2021, overcoming all sorts of smears, slanders, and lawsuits by the enviro-left (see 
A pipeline court case to celebrate (we take our victories where we can find them). Washington Gas Light Company (WGL) seeks to install a 24-inch-diameter high-pressure natural gas pipeline through the Pimmit Hills neighborhood in Fairfax County, Virginia. Fairfax County is a suburb of Washington, D.C. The County Zoning Board of Appeals claimed the project needs a “special exemption” issued by the County Board of Supervisors (nine of the Supervisors are Democrats, one is a Republican). The Court of Appeals for Virginia knocked that bogus claim down. 
The U.S. Energy Information Administration (EIA) issued its latest monthly Short-Term Energy Outlook (STEO) last week. The STEO is the agency’s monthly best guess about where energy prices and production will head in the next 12 months. In this latest assessment, EIA dropped its estimates for the Henry Hub spot price for 2025. The agency expects the HH price to average $3.70 per million British thermal units (MMBtu) in 2025, $0.30 lower than last month’s forecast. EIA also dropped its 2026 forecast, now believing the gas price will average $4.40/MMBtu, down a whopping $0.50 (half a buck!) from last month’s $4.90. You can see why we refer to the dartboard EIA uses each month when creating these forecasts. 
For the week of June 30 – July 6, the number of permits issued to drill new wells in the Marcellus/Utica decreased from the previous week, likely due to the July 4th holiday. There were 21 new permits issued across the three M-U states last week, down six from 27 issued two weeks ago. The Keystone State (PA) issued 13 new permits. EQT and its recently acquired Olympus Energy received a combined five permits scattered across three counties: Allegheny, Greene, and Washington. Snyder Brothers received four permits in Armstrong County. BKV scored three permits in Wyoming County. Range Resources received a single permit in Washington County. 
Well, you knew this was coming. Radicalized green groups are gearing up to challenge two recently resurrected Williams pipeline projects: The Constitution Pipeline, a 124-mile, 660 MMcf/d greenfield (brand new) pipeline from the gas fields of northeastern Pennsylvania (in Susquehanna County) into and through New York to Schoharie County; and the Northeast Supply Enhancement (NESE) project, designed to increase Transco pipeline capacity and flows of Marcellus gas heading into New York City and other northeastern markets. 
We still marvel, to this day, at how Tallgrass Energy Partners turned what looked like a financial disaster into an economic bonanza. Tallgrass built the Rockies Express (REX) pipeline, which stretches from Colorado and Wyoming to Ohio, just in time for the shale revolution to take hold. Whoops! Talk about bad timing! A significant portion of REX, its Zone 3 pipeline from Missouri to Ohio, was in danger of drying up in 2012 due to the increase in Marcellus/Utica gas production (see