The Ax Swings at Larded-Up EPA, 1100 Employees Put on Notice
The libs and swamp dwellers are apoplectic. The Bidenistas larded up government agencies with thousands of new employees over the past four years. The federal government added approximately 200,000 new employees in the past four years, with the most significant increase occurring in 2023, when the workforce grew by around 85,000 individuals. Donald Trump and his chosen ax man, Elon Musk (via the Department of Government Efficiency, or DOGE), are trimming the fat. Quickly. Including at the Environmental Protection Agency where 1,100 employees added to the payroll at EPA in the past year were notified that they are in danger of losing their jobs. Trump and Musk are hunting for swamp dwellers. Read More “The Ax Swings at Larded-Up EPA, 1100 Employees Put on Notice”
Reading between the lines, we’d say the politicians in both Canada and Mexico are puking their guts out after Donald Trump actually did what he said he would do: He slapped a 25% tariff (i.e., tax) on any imports coming to the U.S. from either of our neighbors north and south. The new tax includes a 10% tax (tariff) on incoming oil and gas and other “energy products” from Canada. The new tariffs go into effect tomorrow (Tuesday, Feb. 4). Canada and Mexico will need to firm up their borders to stop illegal aliens from invading our country and to stop the cartels that are flooding America with drugs that are killing our residents. If Canada and Mexico don’t shore up the border and the tariffs remain in place long-term, their respective economies will tank, and their political “leaders” will be voted out of office so fast it will make your head spin. This is how real change happens, folks. 
MARCELLUS/UTICA REGION: PA DEP releases 2 contracts for bidding in next round of conventional oil & gas well plugging; NATIONAL: WTI slips below $73 on mixed tariff signals; March natural gas contract tests $3.00 mark as weather warms; Bloomberg group keeps millions behind green wall; INTERNATIONAL: Hanwha and Baker Hughes developing ammonia gas turbines; LNG shipping rates hit record lows. 
For the week of Jan 20 – 26, permits issued in the Marcellus/Utica to drill new shale wells fell off a proverbial cliff. Two weeks ago, 41 new permits were issued. Last week, the number plummeted to just seven new permits issued. Perhaps the most interesting thing about last week’s numbers is that NO new permits were issued in the Keystone State (PA). We believe that’s the first time we’ve seen no new permits in PA. We wonder if there’s a problem with the reporting system (the state DEP’s reporting system is known to occasionally have issues). We’ll check again next week to see if PA’s numbers get updated. Meanwhile, there were four new permits for the Buckeye State (OH) and three for the Mountain State (WV). 
Yesterday, CNX Resources issued its fourth quarter and full-year 2024 update. The company lost $145 million for the quarter, compared with a profit of $514 million in 4Q23. Production was 141.9 Bcfe (billion cubic feet equivalent) in 4Q24 — which works out to 1.54 Bcfe/d — down from 146.9 Bcfe last year (a drop of 3.4%). Drilling all but stopped during 3Q, and that trend continued in 4Q. The company drilled just one new Utica well in central PA. However, CNX fracked nine wells and brought six wells online to sales in southwestern PA. 
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). Yesterday, NFG issued its latest quarterly update. The company’s top brass is jazzed about the higher prices of natural gas and what it means for profitability. Production at Seneca increased by 6% over the previous quarter to 98 Bcfe as the company brought online some of its most productive pads to date. However, production was down a tad (3%) from the same period in the prior year. 
Pennsylvania’s do-nothing Governor, Josh Shapiro, traveled to Pittsburgh yesterday to put on another shuck-and-jive all-sizzle-no-steak show. He was there to unveil what he calls his “Lightning Plan” for energy in the state. His big plan? Reintroduce and try to bully Republicans into accepting a Marcellus-killing carbon tax and onerous regulations on emissions (called PACER, see 
In June 2019, the New York State legislature passed a horrific “energy” bill that was later signed into law by then-Gov. Andrew Cuomo (see 
Last fall, MDN told you about a newly formed drilling company that aims to target the Ohio Utica Shale, a company called Tiburon Oil & Gas Partners, LLC (see 
Enverus Intelligence Research (EIR), a subsidiary of Enverus, issued a summary of the fourth quarter and full-year 2024 upstream M&A (mergers and acquisitions) activity yesterday. Two of the top five M&A deals include deals in the Marcellus/Utica. Coming in at #3 on the list was EQT’s sale of non-operated assets to Equinor for $1.25 billion in October (see 
Natural gas-fired electric power generation has increased in Pennsylvania since 2013 as the state has shifted toward natural gas as its main fuel source for electric power generation. In October 2024, natural gas-fired generation accounted for 57% of the electricity generated in Pennsylvania, more than twice the share in October 2013 (26%). This is thanks to the miracle of Marcellus Shale and fracking. 
The environmental left is now saying that calling out the scam known as carbon credits is causing companies to stop “investing” (i.e., blowing money) on said credits, and the situation is “devastating livelihoods and communities.” It is an “existential crisis” for the NGOs. Yes, it’s our fault that scholarships, new schools, and water projects are disappearing. Cry me a river.