PA State Senator Introducing Bill to Supercharge State Gas Industry
There’s a reason the Haynesville shale play in Louisiana and East Texas drills more wells than both the Marcellus and Utica shales combined. That reason? Lower taxes and less regulation. Particularly compared with Pennsylvania, where the taxes and “fees” are high and regulations are far too restrictive. Pennsylvania State Senator Doug Mastriano, who ran for governor against Josh Shapiro in 2022, is proposing to correct the situation with a new bill that would suspend the state income tax on shale drillers, among other positive moves. Read More “PA State Senator Introducing Bill to Supercharge State Gas Industry”
In March 2024, we reported that two Democrats and one anti-drilling RINO who run Bucks County, PA government (a Philadelphia suburb) fell for the bait by Big Green and filed a lawsuit against Big Oil companies for supposedly, knowingly, causing the Earth to toast to a cinder (see 
Big Oil is entering the Big Power market in a Big Way. Last December, the country’s largest oil and gas producer, ExxonMobil, announced it is working on a plan to build a massive 1,500 MW gas-fired power plant to power a data center(s) in a location not yet disclosed (see 
In February 2022, three Democrat Federal Energy Regulatory Commission (FERC) commissioners voted to adopt and immediately begin using new guidelines for approving pipeline projects by taking into account mythical global warming (GHG) factors (see 
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Pine Run Gathering LLC, a joint venture owned by Stonehenge Energy and UGI, announced yesterday that it had completed a transaction to buy Superior Midstream Appalachian, LLC, for $120 million. Superior Appalachian owns and operates three gathering systems in Pennsylvania, namely Pittsburgh Mills (Allegheny & Butler counties), Snow Shoe (Centre County), and Brookfield (Tioga County). The Pittsburgh Mills system is connected to UGI’s Big Pine gathering system. All three have a combined daily flow of approximately 190 million cubic feet per day (MMcf/d). 
In December, CNX Resources announced it had struck a deal to buy the assets of Apex Energy II, LLC, a portfolio company of funds managed by Carnelian Energy Capital Management, for $505 million (see 
Last November, Coterra Energy announced it would buy “certain assets of Franklin Mountain Energy and Avant Natural Resources” located in the Permian (see 
Did you happen to catch the news lighting up all the cable news stations yesterday about Chinese startup DeepSeek? The company launched a free AI assistant that it claims uses less data at a fraction of the cost of other AI models. By Monday, the DeepSeek assistant had overtaken U.S. rival ChatGPT in downloads from Apple’s app store. The news sent traders into a tailspin of selling off tech company stocks like Nvidia (which makes the chips used in AI). The news also affected natural gas drillers negatively. Why? 
We don’t think it’s hyperbole to say that the Trump freight train hit and ran over the left’s radical environmental agenda in a single 12-hour period on January 20th when newly-inaugurated President Donald J. Trump signed a flurry of Executive Orders (EOs). The Trump train hit and ran over the left, and they still don’t understand (can’t conceive) just how fundamentally and deeply they’ve been defeated. They can’t accept that their power has been completely emasculated. Their fantasy world of forced renewable everything is GONE. Now, renewables have to compete with fossil energy, and it’s no competition. No more shaming and blaming oil and natural gas (and shale energy). How did everything change on Jan. 20th? Let’s break it down for you, blow by blow… 
A fire was reported at a natural gas well near Jane Lew (Harrison County), WV, on Saturday at around 2:15 pm. Multiple fire departments responded. One media report says the well location is listed as the Stickel Pad belonging to driller HG Energy. There were no injuries, according to 911 officials. The fire was extinguished within a few hours. Other than those barebones facts and a few photos (below), that’s all we know about this incident. The incident doesn’t seem to be a priority for local news media outlets to cover. 
Diversified Energy, with major assets in the Marcellus/Utica region (assets in other regions, too), owns approximately 8 million acres of leases with 67,000 (mostly) conventional oil and gas wells. The company’s business model is to buy lower-producing wells on the cheap and find ways to make them more productive. The company made a major announcement this morning. It has struck a deal to buy out and merge with Maverick Natural Resources for $1.28 billion. The deal adds over a million more acres of leases to Diversified plus significant new production. 
The D.C. Circuit Court of Appeals issued a decision last July vacating (nullifying) the Federal Energy Regulatory Commission’s (FERC) approval of Transco’s Regional Energy Access Expansion (REAE) project to bring gas from Pennsylvania to New Jersey and Maryland (see 
We’re in full crash mode with the Baker Hughes national rig count. After losing five rigs three weeks ago, and four more two weeks ago, the BH rig count lost another four rigs last week—13 rigs out of circulation in three weeks. The number of rigs nationally now stands at 576, the lowest since Dec. 2021 (over three years ago). The Marcellus/Utica rig count was a combined 34 last week—the same number for six weeks in a row. PA has operated 15 rigs for the past 11 weeks, with the exception of one week, when the number briefly increased to 16 rigs. OH has operated nine rigs for the past eight weeks, and WV has operated 10 rigs for an astonishing 20 weeks in a row, going back to Sep. 13.