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Marcellus Drilling News
  • Industrywide Issues | Regulation

    Trump Cancels the Cancelers of So-Called “Environmental Justice”

    January 24, 2025January 24, 2025

    President Donald J. Trump, with the sweep of his pen, canceled the cancel culture that has been deeply embedded in the federal government, attempting (under the banner of alleged racism called “environment justice”) to end fossil energy infrastructure projects like pipelines. In an executive order on his first day in office, Trump terminated all so-called “environmental justice” positions and offices across the federal government. Brilliant! Read More “Trump Cancels the Cancelers of So-Called “Environmental Justice””

  • Industrywide Issues | Pipelines | Regulation

    Biden PHMSA Adopted Expensive Pipe Leak Detection Reg Last Minute

    January 24, 2025January 24, 2025

    In May 2023, the Pipeline and Hazardous Materials Safety Administration (PHMSA) proposed a new rule that would slap onerous and very expensive new requirements on pretty much all natural gas pipelines in the country, including 2.7 million miles of gas transmission, distribution, and gathering pipelines; 400+ underground natural gas storage facilities; and 165 liquefied natural gas facilities (see Biden DOT Issues New Partisan Methane Rules for All Gas Pipelines). It is yet another attempt by the left to strip away the power to regulate oil and gas from the individual states and concentrate it in unelected bureaucracies in the DC swamp. Last Friday, as the Bidenistas at the Department of Transportation (of which PHMSA is a part) were turning the lights off for the last time, they submitted the onerous rule for publication in the Federal Bulletin to make it official. Read More “Biden PHMSA Adopted Expensive Pipe Leak Detection Reg Last Minute”

  • Hydrogen | Industrywide Issues

    Hydrogen Energy is Promising, but Widespread Use Decades Away

    January 24, 2025January 24, 2025

    As Joan Rivers used to say: Can we talk? In other words, can we have an honest and open conversation…about hydrogen energy? There’s a lot of hype around the topic of hydrogen. Some promising early innovations around hydrogen and its use in applications like gas-fired power plants exist. However, as a sobering new commentary by the Mackinac Center for Public Policy makes clear, the future of hydrogen “is not imminent.” Even fracking wasn’t an overnight hit. It took from the early 1980s until the early 2000s (about 20 years) before fracking *began* to take off in a major way. It took another decade or so before fracking went big time. Call it 30 years. So why would we expect hydrogen to be some spectacular overnight success? That’s just not how energy revolutions happen. Read More “Hydrogen Energy is Promising, but Widespread Use Decades Away”

  • Commodity Price | Industrywide Issues | Research

    EIA Predicts Higher Natural Gas Prices in 2025/26

    January 24, 2025January 24, 2025

    We sometimes poke fun at the U.S. Energy Information Administration (EIA) predictions, accusing the analysts of using a dart board to generate the estimates they issue, especially with the future price of natural gas. But honestly, they have a tough job. Price is a complex issue with a lot of factors. Even though the EIA’s track record has sometimes been off by a lot, it remains the one source most quoted by the media and experts worldwide regarding future price predictions. In yesterday’s Today in Energy web publication, EIA says it “expects higher wholesale U.S. natural gas prices as demand increases.” Its latest forecast for the U.S. benchmark Henry Hub natural gas spot price is that the overall average for all of 2025 natgas will average $3.10 per million British thermal units (MMBtu). EIA expects that number to increase in 2026 to an average of $4.00/MMBtu. Is that realistic? Read More “EIA Predicts Higher Natural Gas Prices in 2025/26”

  • Best of the Rest

    Other Stories of Interest: Fri, Jan 24, 2025

    January 24, 2025January 24, 2025

    NATIONAL: BMI says Trump orders poised to have profound implications for energy; Trump US energy emergency order should withstand court challenges; Senate panel approves Trump’s picks to run energy, interior departments; INTERNATIONAL: Trump browbeats Davos elite to curb oil prices, interest rates; Crude falls as Trump calls for cheaper oil; Trump says US will guarantee LNG supplies for Europe. Read More “Other Stories of Interest: Fri, Jan 24, 2025”

  • Industrywide Issues | Pennsylvania | Statewide PA | Taxation

    PA Landowners Get Tax Break for Well Depletion Starting This Year

    January 23, 2025January 23, 2025

    Pennsylvania mineral rights owners (i.e., landowners) now have a well-deserved tax break thanks to a bill passed by the PA legislature and signed into law last summer (see New PA Bill Gives Shale Landowners Same Tax Breaks as Investors). Under Senate Bill (SB) 654, individual landowners receive the same tax benefits afforded to investors. If a company buys mineral rights and the right to receive royalty payments from oil and gas well production, the company, under IRS rules, gets to claim a simple percentage depletion allowance. Essentially, the company only pays income tax on 85% of the royalties it receives. Under SB 654, that same allowance (beginning with taxes filed in 2025 for 2024) applies to landowners in PA. Read More “PA Landowners Get Tax Break for Well Depletion Starting This Year”

  • Electrical Generation | Industrywide Issues

    PJM Grid Sees Biggest Demand EVER, NatGas & Coal Saved the Day

    January 23, 2025January 23, 2025

    Yesterday, with the bitter cold blast (called a polar vortex) hitting the eastern half of the country, the PJM power grid, which covers all or parts of 13 states plus the District of Columbia (including all of Pennsylvania, Ohio, and West Virginia), experienced its largest single-day power draw EVER. The grid came through with flying colors thanks to natural gas, which provided an average of 42.5% of the total power produced yesterday, and coal, which produced 22.9% of all the power produced yesterday. Add in oil with another 3%, and fossil fuels carried the heavy load by producing 68.4% of PJM’s electricity yesterday. How much did solar and wind produce? An infinitesimally small 4.46% of the electricity produced yesterday. Nuclear produced nearly a quarter of PJM’s electricity yesterday at 24.5%. Read More “PJM Grid Sees Biggest Demand EVER, NatGas & Coal Saved the Day”

  • Electrical Generation | Industrywide Issues | Pennsylvania | Regulation | Statewide PA

    PA Gov. Shapiro Gets Uppity with PJM, Threatens to Leave the Grid

    January 23, 2025January 23, 2025

    In December, PA’s Democrat Governor, Josh Shapiro, filed a complaint with the Federal Energy Regulatory Commission (FERC) alleging the PJM electric grid is being mismanaged and using inflated numbers that will cause economic pain for the 65 million customers who buy electricity in the PJM region—in particular the residents of PA. What’s causing the high prices in PJM, a region rich in natural gas? That would be former Gov. Tom Wolf and current Gov. Josh Shapiro insisting the state tax gas-fired power plants via the so-called Regional Greenhouse Gas Initiative (RGGI). Shapiro is blaming the victim (PJM) for his actions. He just increased the volume (as bullies do) by threatening PJM that PA may pull out of the grid and do its own thing…unless PJM finds a way to fix his mess. Read More “PA Gov. Shapiro Gets Uppity with PJM, Threatens to Leave the Grid”

  • Electrical Generation | Industrywide Issues | Maryland | Statewide MD

    Maryland Democrat Flips, Wants to Use NatGas to Fire Power Plants

    January 23, 2025January 23, 2025

    This is another in a series of observations that we (fossil fuel advocates) are winning. Finally, we are having an impact. The official party line of the Democrats has been to block the use of any and all fossil fuel energy by amping up regulations and passing laws to limit or eliminate its production, transportation, and even usage (witness the Dems trying to outlaw gas stoves, furnaces, and water heaters over the past couple of years). Those efforts have failed spectacularly. And now, some Dems admit their failure, like Maryland General Assembly member C.T. Wilson from Charles County. He told Baltimore’s Fox affiliate that the state “should be open to using natural gas to meet its green energy goals.” There you go. A Dem just redefined natural gas as “green” so he and his party can save face. Whatever. At least they’re beginning to admit what everyone else already knows: The use of natural gas isn’t going away. Read More “Maryland Democrat Flips, Wants to Use NatGas to Fire Power Plants”

  • Industrywide Issues | Kentucky | Litigation | Pipelines

    Pass the Jim Beam! Construction Begins on 12-Mile Kentucky Pipeline

    January 23, 2025January 23, 2025

    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 that can’t connect to LG&E’s local natgas utility system because it is currently maxed out (see Pass the Jim Beam! Judge Clears Way for Gas Pipe Near Louisville, KY). The local Bernheim Arboretum resisted attempts to build across three-tenths of one percent (0.028%) of Arboretum land—along an existing cleared path where electric lines already go. LG&E took the Arboretum to court, and in April 2023, the court ruled in favor of LG&E and its right to build the pipe through a small section of Arboretum land (see Court Allows LG&E to Build Tiny Pipe Thru Kentucky Arboretum Land). Read More “Pass the Jim Beam! Construction Begins on 12-Mile Kentucky Pipeline”

  • Chesapeake Energy | Energy Companies | Southwestern Energy

    Expand Energy has “Long Pedigree” and “Deep Technical Bench”

    January 23, 2025January 23, 2025

    On Oct. 1, 2024, Chesapeake Energy announced its buyout of and merger with Southwestern Energy in a $7.4 billion deal was completed (see Chesapeake & Southwestern Complete Merger; Now #1 U.S. Gas Driller). The newly merged company was renamed Expand Energy Corporation and began trading on the NASDAQ stock market under the “EXE” ticker symbol. Expand is the #1 natural gas producer in the U.S., eclipsing the former #1 EQT. The big difference is that Expand’s production comes from both the Marcellus/Utica and the Haynesville, whereas EQT’s production is 100% from the M-U. Expand is quite the company. Enverus recently named Expand the #2 most prolific shale producer by production in 2024 (see Expand Energy Ranked #2 Most Prolific Shale Producer in 2024). Read More “Expand Energy has “Long Pedigree” and “Deep Technical Bench””

  • Anti-Drilling/Fossil Fuel | ESG | Industrywide Issues | Litigation

    BlackRock Settles Tennessee Lawsuit for Misleading Investors re ESG

    January 23, 2025January 23, 2025

    BlackRock is the largest investment firm in the world, currently with $11.6 trillion of investments under management. Larry Fink, the CEO of BlackRock, pushed the so-called ESG (environment, social, governance) agenda for years. What the left and people like Fink mean by ESG is don’t invest in or use fossil fuel energy (E), everything is racist (S), and the government is always right when Democrats are in charge (G). Fink stopped using the ESG term in 2023, although he continued to push the ESG agenda of divesting from fossil fuel companies (see Unrepentant BlackRock Won’t Use ESG Term, Still Forces Divestment). The State of Tennessee sued BlackRock for violating consumer protection laws in December 2023 (see Tennessee Sues BlackRock for Misleading Investors re Aggressive ESG). Tennesee’s Attorney General, Jonathan Skrmetti, announced a deal with BlackRock on Friday to settle the case. Read More “BlackRock Settles Tennessee Lawsuit for Misleading Investors re ESG”

  • Best of the Rest

    Other Stories of Interest: Thu, Jan 23, 2025

    January 23, 2025January 23, 2025

    OTHER U.S. REGIONS: Freeport LNG restart hopes, cooler forecasts boost natural gas futures; NATIONAL: EnviTec’s 23 years of expertise optimize chicken manure for RNG in the US market; President Trump gives directive to rename Gulf of Mexico; LNG companies hail Trump decision to lift freeze on export permits; Trump’s climate withdrawal creates rare discord with Big Oil; The energy storage fiasco — how soon will it be abandoned?; INTERNATIONAL: Premier Tim Houston unveils push for more natural resource development in Nova Scotia; Europe may need over 100 extra gas cargoes to refill shrinking stocks. Read More “Other Stories of Interest: Thu, Jan 23, 2025”

  • Energy Companies | INR/Infinity Natural Resources | Ohio | Pennsylvania | Statewide OH | Statewide PA

    Infinity Natural Resources Launches IPO, Hopes to Raise ~$250M

    January 22, 2025January 22, 2025

    MDN reported in October that Marcellus/Utica driller Infinity Natural Resources (INR) intended to file an initial public offering (IPO) with the Securities and Exchange Commission hoping to raise $100 million (see M-U Driller Infinity Natural Resources Files for $100 Million IPO). We further reported in December that INR added seven Big Banks to the existing list of four as underwriters (see Infinity Natural Resources Picks Up Another 7 Banks for Utica IPO). All signs pointed to an imminent launch of the IPO. That day is here. INR announced yesterday that it has launched an offering of 13.25 million shares of stock, hoping to fetch between $18.00 and $21.00 per share. Read More “Infinity Natural Resources Launches IPO, Hopes to Raise ~$250M”

  • Electrical Generation | Energy Services | Industrywide Issues | Kinder Morgan | Pipelines

    Southern NatGas & Elba Look to Expand Southeast Pipe by 1.3 Bcf/d

    January 22, 2025January 22, 2025

    Last August, MDN told you about several potential new pipeline projects under consideration to help feed new data centers and artificial intelligence (AI) operations, most of them located in the southeastern U.S. (see Big Midstream Companies Eye Data Center/AI Market for New Pipes). One of the projects we mentioned in passing was Kinder Morgan’s South System Expansion 4 (SSE4) Project, a $3 billion project to construct fourteen new natural gas pipeline loops (noncontiguous) of various diameters totaling approximately 279 miles primarily along Southern Natural Gas Company’s (SNG) existing South Mainline in Mississippi, Alabama, and Georgia. Landowners in Alabama got to ask questions about the project at a recent open house in Tuskegee. Read More “Southern NatGas & Elba Look to Expand Southeast Pipe by 1.3 Bcf/d”

  • Industrywide Issues | Pipelines | Regulation

    Pres. Trump Promotes Republican Mark Christie to FERC Chairman

    January 22, 2025January 22, 2025
    Mark Christie

    Federal Energy Regulatory Commission (FERC) Commissioner Mark Christie, who first became a FERC commissioner when appointed by President Trump during his first term, was promoted to become the Chairman of FERC by Trump on Monday. Wow! We never saw that one coming. We didn’t even know Trump had FERC on his radar for the first day, let alone the first week or month. Yet he did. Christie replaces Democrat Willie Phillips as Chairman. Phillips, who frankly we liked, was appointed by Joe Biden. Phillips ran afoul of many leftwing Democrats because he sided with the two Republicans on the commission to form a 3-member majority in approving pipeline projects. Phillips will remain as a “regular” commissioner. Read More “Pres. Trump Promotes Republican Mark Christie to FERC Chairman”

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