Antis Hound PA DEP for More Notifications & Fines re Shell Cracker
Two days ago, MDN brought you the news confirming that Shell is looking to sell all or part of its Beaver County, PA, ethane cracker plant operation (see Shell Looks to Sell All or Part of Monaca, PA Ethane Cracker Plant). We remain somewhat incredulous that it wants to sell an asset like the cracker plant. The question is, why? We said this: “We still think Shell is just plain tired of dealing with all of the CRAP from the environmental left and the Pennsylvania Department of Environmental Protection, which declares a new emergency or violation at the plant about every other day.” Right on cue, a group of radicals is hammering the DEP, claiming the cracker plant is polluting everything in sight and that the DEP is not being hard enough on Shell. Read More “Antis Hound PA DEP for More Notifications & Fines re Shell Cracker”
Leatherstocking Gas Company, a subsidiary of Corning Energy Corporation, runs gas mains to residents and businesses in small, mainly rural communities in northeastern Pennsylvania (see 
MARCELLUS/UTICA REGION: Pa. and other states scramble to complete renewable energy projects before tax credits expire; Business, education leaders agree – natgas is key to unlocking AI opportunities; OTHER U.S. REGIONS: Draft NYS energy plan pathways scenario scam; NATIONAL: Forecasts remind it’s still summer, and natural gas futures respond with gains; Natural gas continues to look for a reason to bounce; Science isn’t enough…only spiritual transformation can save the environment; President’s EPA rollbacks jeopardize our warming planet and its wary people; U.S. electricity peak demand set new records twice in July; U.S. petchem margins are coming back; U.S. LNG feedgas demand could be heading higher this year; INTERNATIONAL: Oil sinks as Russia mulls truce deal; Aramco profit falls for 10th straight quarter; UN reports misrepresent cost of wind and solar power; UN chief says fossil fuels are on the way out—are they? 
Yesterday, the “front month” contract (for September) for the NYMEX futures natural gas price crashed down 15.1 cents to close at $2.932/MMBtu. Bummer. The $3 level is an important psychological barrier, and we just violated it. The questions, as always, are (1) why did the price go lower (what’s rattling around inside the heads of traders); and (2) where is the price likely to go next? We aim to try to answer those questions in this post. 
Last November, three of five supervisors in Cecil Township (Washington County), PA, voted to ban all new fracking in the town via a new setback (distance from well to nearest structure) requirement of 2,500 feet (see 
Yesterday, MDN brought you a review and summary of National Fuel Gas Company’s (NFG) latest quarterly update (see 
In December 2022, Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU), both subsidiaries of PPL Corporation, announced a plan to replace 1,500 megawatts of aging coal-fired generation (nearly one-third of Kentucky’s coal fleet) with two 645-MW natural gas combined-cycle units along with several unreliable, intermittent solar projects (see 
Venture Global’s Calcasieu Pass (CP) LNG export facility in Louisiana began operations in March 2022 (see 
Last week, the Baker Hughes U.S. rig count continued its downward trend, losing another two rigs to end at 540 active rigs nationwide. The count has been down 13 of the last 14 weeks, with the only slight increase happening three weeks ago. The Marcellus/Utica count remained the same (after gaining one rig two weeks ago) at a combined 36 active rigs. PA is running 18 active rigs. OH is running 11 rigs. And WV is operating 7 rigs. 
National Fuel Gas Company (NFG), headquartered in Buffalo, NY, is the parent company for Marcellus/Utica driller Seneca Resources and the parent of midstream company NFG Midstream (and subsidiary Empire Pipeline). Last week, NFG issued its latest quarterly update, which is the company’s fiscal 3rd quarter (but everyone else’s 2nd quarter). The update was loaded with good news for Seneca and NFG’s midstream sector. We learned that the company has been retained to build a 7-mile pipeline expansion off the company’s Line N system in Western PA, called the Shippingport Lateral Project, to feed natural gas to the Shippingport Power Station, announced in July (see 
Back in March, the Wall Street Journal reported that Shell is “exploring a potential sale of its chemicals assets in Europe and the U.S.,” which includes the recently completed Monaca (Beaver County, PA) ethane cracker complex (see 
Data centers are all the rage these days. It seems like a new data center is announced weekly somewhere in the Eastern U.S. Ohio has its fair share of them coming to the Buckeye State (
Glenfarne’s Texas LNG facility in Brownsville, Texas, will have the capacity to export 4 MTPA. EQT Corporation, the largest natural gas producer in the Marcellus/Utica, signed two agreements with Glenfarne to liquefy 2.0 million tons per annum (MTPA) of EQT-extracted shale gas at the facility when it’s built (see