CNX Zags with Coalbed Methane (RMG) for AI Data Centers
Last week, CNX Resources issued its second quarter 2025 update. The company reported a profit of $432.5 million for the quarter, compared with a loss of $18.3 million in 2Q24. The company generated $188 million in free cash flow, marking the 22nd consecutive quarter of FCF generation. Production was 167.6 Bcfe (billion cubic feet equivalent) in 2Q25 — which works out to 1.84 Bcfe/d — up from 134.0 Bcfe last year (a 25% increase). The reason for the dramatic increase was that CNX closed on the purchase of Apex Energy during the first quarter, and Apex’s production numbers were fully added to CNX’s numbers beginning in 2Q25. Read More “CNX Zags with Coalbed Methane (RMG) for AI Data Centers”
In May 2021, MDN told you that Louisville Gas and Electric Company (LG&E) had won Kentucky state approval to build a new 12-inch, 12-mile pipeline south of Louisville to supply gas to homes and businesses (including a Jim Beam distillery) in Bullitt County—homes and businesses that can’t connect to LG&E’s local natgas utility system because it is currently maxed out (see 
We’re sorry to have to say this, but New York State Senator Lea Webb is either a liar or a really dumb person. Prompted by some of her supporters (nine people, to be exact), Webb held a press conference in Binghamton, NY, last week to repeat the same tired old lies that building a pipeline (e.g., the Constitution Pipeline) will jeopardize lives, livelihoods, and water quality for residents of the Southern Tier. That’s a flat-out, 100% lie, and she should be ashamed. 
At the end of the last legislative session in December, New York Gov. Kathy Hochul, an extremist liberal, signed into law a new climate bill forcing a short list of Big Oil companies to pay $75 billion in “recovery” assessments over the next 25 years for their alleged role in causing mythical global warming (see 
BlackRock, the world’s largest investment firm with some $9 trillion of assets under management, managed to get itself off the poopy list in Texas by ending its participation in a number of so-called ESG (environment, social, governance) groups and by groveling before Texas officials. The Texas Permanent School Fund (PSF) pulled $8.5 billion of its investments away from BlackRock in March 2024 after the state determined that BlackRock was engaged in a boycott of energy companies by pressuring companies to avoid the fossil fuel sector by using ESG litmus tests (see 
OTHER U.S. REGIONS: Enterprise loads first ethane cargo from Neches River terminal; NATIONAL: Cutting the threat of giant wildfires by axing harmful Clinton-era forest policies; The peak oil myth is back—and it’s still a myth; The climate change cult is encountering more resistance these days; INTERNATIONAL: Oil slips on stronger dollar, trade doubts; Net zero ‘sustainable’ trains unsustainable?; Climate is the biggest transfer of money from the poor to the rich since Sheriff of Nottingham; EU ‘far right’ wants 2040 climate target binned; BP to exit $36B Australian green hydrogen hub. 
For the week of July 14 – 20, the number of permits issued to drill new wells in the Marcellus/Utica decreased from the previous week. There were 17 new permits issued across the three M-U states last week, four fewer than the 21 issued two weeks ago. The Keystone State (PA) issued just four new permits. All were single permits. Range Resources received its permit for a well in Allegheny County. EQT got a permit for a well in Greene County. Infinity Natural Resources’ (INR) permit was in Indiana County. And Expand Energy’s permit was in Wyoming County. 
Range Resources issued its second quarter 2025 update on Wednesday. Range’s production averaged 2.20 Bcfe/d, approximately 68% natural gas. Range drilled ~285,000 lateral feet across 20 wells, while turning to sales ~156,000 lateral feet across 12 wells. 2Q25 drilling and completion expenditures were $136 million. In addition to D&C spending, Range spent approximately $11 million on acreage and $7 million on infrastructure, pneumatic devices, and other investments. The company announced it is targeting power generation to grab some of the 4-5 Bcf/d of forecasted new demand coming from the powergen sector. 
In late 2022, MDN told you that Canadian-based Enerplus, with sizable non-operated assets in the northeast Pennsylvania Marcellus, had sold certain Canadian assets so it could concentrate most of its activity on drilling in the North Dakota Bakken (see 
Pennsylvania’s Republican Attorney General, Dave Sunday, has turned out to be a MAJOR disappointment. Yesterday, Sunday’s office filed 14 criminal counts against Equitrans Midstream (now owned and part of EQT Corporation) for an accident that happened in 2022. In November 2022, one of the ten natural gas storage wells at the Equitrans Rager Mountain Gas Storage Area in Jackson Township, Cambria County, began to leak. Equitrans is the owner/operator of Rager Mountain. The well leaked roughly 100 million cubic feet per day (MMcf/d) of gas into the atmosphere (see 
Duke Energy is a Fortune 150 company headquartered in Charlotte, NC, and is one of America’s largest energy holding companies. Duke’s electric utilities serve 8.2 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky, and it collectively owns 50,000 megawatts of energy-generating capacity. Duke’s natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio, and Kentucky. The company employs 28,000 people. We’ve covered many stories over the years of Duke seeking to build new gas-fired power generation throughout its territory. Here’s another new one: Duke wants to build two new gas-fired power plants (combined capacity of 850 megawatts) near its home base, just outside of Charlotte in Rowan County, NC. 
In January 2023, New York Gov. Kathy Hochul, a leftist Democrat, floated a plan to ban natural gas hookups in every single new home and business across the “Empire” State (see 
EQT Corporation delivered its latest quarterly update yesterday for the second quarter of 2025. It was jam-packed. The company had a fantastic 2Q25, including closing on the acquistion of Olympus Energy for $1.8 billion, launching an open season to increase the capacity of the southbound Mountain Valley Pipeline from 2.0 to 2.5 Bcf/d, and making two deals (although not yet finalized) to provide 800 MMcf/d of natural gas for the Shippingport Power Station in Beaver County, PA, and 665 MMcf/d for the Homer City Redevelopment project in Indiana County, PA. EQT also signed an agreement to be the exclusive provider of midstream infrastructure for West Virginia’s first large-scale natural gas power plant and secured a third-party gathering contract to expand the Saturn pipeline system in West Virginia.