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Marcellus Drilling News
  • Alternative Energy | Industrywide Issues | New York | Statewide NY

    $11B Power Line from Upstate NY Solar & Wind to NYC Canceled

    December 12, 2024December 12, 2024

    For those unlucky enough to live in New York City and its sprawling suburbs, get ready for blackouts due to the lack of electricity. The state of New York and developers of the 175-mile Clean Path NY transmission line have “mutually agreed to terminate” contracts underpinning the project, which was planned to come online in 2027. Clean Path was supposed to bring 5 gigawatts (GW) of electricity from windmills and solar farms in Upstate New York to liberal elites living in and around NYC. The project was billed as “critical” to achieving New York’s climate goals, including 70% renewable electricity consumption by 2030 and developing a zero-emission electric grid by 2040. That’s all down the toilet now. Get ready to sit in the dark. Read More “$11B Power Line from Upstate NY Solar & Wind to NYC Canceled”

  • Industrywide Issues | Regulation

    O&G Coalition Presses Speaker Johnson to Vote on Permitting Bill

    December 12, 2024December 12, 2024

    In July, U.S. Senator Joe Manchin (West Virginia), the Democrat chairman of the Senate Energy and Natural Resources Committee, and Senator John Barrasso (from Wyoming), the ranking Republican member of the same committee, drafted and released the Energy Permitting Reform Act of 2024 (see Barrasso, Manchin Release Bipartisan Energy Permitting Reform Bill). The bill aims to accelerate the permitting process for critical energy and mineral projects of all types, including fossil fuels, in the United States. A coalition of oil and gas trade associations, representing over 80% of U.S. domestic production, issued an urgent call this week to House Speaker Mike Johnson for immediate action on the Manchin/Barrasso bill to get a vote on the measure before the close of the 118th Congress. Read More “O&G Coalition Presses Speaker Johnson to Vote on Permitting Bill”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues | Regulation | Taxation

    New Jersey Readies Massive New Tax on Oil & Gas Facilities

    December 12, 2024December 12, 2024

    You can’t fix stupid. You can only vote it out of office. From the outskirts of New York to the Delaware River shoreline across from Philadelphia, New Jersey is home to numerous oil and natural gas facilities. A New Jersey Senate committee is seriously discussing (planning) an insane new tax on those facilities as a way of creating a slush fund supposedly to help the state fight the effects of climate change. It would be just another pile of money for corrupt politicians to line their own (and friends’) pockets with. Hello, Tony Soprano! Read More “New Jersey Readies Massive New Tax on Oil & Gas Facilities”

  • Industrywide Issues | Research

    S&P 2025 Energy Outlook: Fossil Fuels Needed to Save the Day

    December 12, 2024December 12, 2024

    Yesterday, the analysts at S&P Global Commodity Insights, the leading independent provider of information, data, analysis, benchmark prices, and workflow solutions for the commodities and energy markets, released their 2025 energy outlook. S&P published the top 10 “key themes” from the report. Key theme #2 was this: “Total energy demand growth to outstrip clean energy supply growth.” The concomitant conclusion is that *something* has to meet that new energy demand, and since unreliable renewables can’t and won’t, fossil fuels will ride in to save the day—as they always have. Read More “S&P 2025 Energy Outlook: Fossil Fuels Needed to Save the Day”

  • Industrywide Issues | Litigation | Pipelines | Regulation

    U.S. Supremes Signal Willingness to Curb NEPA Enviro Reviews

    December 12, 2024December 12, 2024

    On Tuesday, the U.S. Supreme Court heard oral arguments in a case that could fundamentally change how the federal government conducts environmental reviews. We first told you about the case last week (see U.S. Supremes to Consider How Far is Too Far with Enviro Reviews). The case deals with a proposed railway that would connect Utah’s oil-rich Uinta Basin to Colorado. The case considers what should and should not be part of a so-called environmental review. How far is too far? A Circuit Court of Appeals wanted more nonsense included in such a review. At Tuesday’s hearing, the court’s conservative justices signaled they might be willing to put some new guardrails around the National Environmental Policy Act (NEPA) and its requirements to conduct environmental reviews. It seems the Supremes think things have gone too far with endless (costly) environmental “reviews.” Read More “U.S. Supremes Signal Willingness to Curb NEPA Enviro Reviews”

  • CNG/LNG | Exporting | Industrywide Issues | Regulation

    Timing & Future of Venture Global’s CP2 LNG Project Murky

    December 12, 2024December 12, 2024
    Fog envelops a quiet road through a misty forest in Santa Ysabel, CA, creating an eerie atmosphere.
    murky

    The timing (even the very future) for Venture Global’s proposed Calcasieu Pass 2 (CP2) LNG export plant is murky at best. The Federal Energy Regulatory Commission (FERC) in June issued a 2-1 decision to approve the project (see FERC Approves Expansion of Venture Global’s CP LNG Export Plant). However, the project is on hold (with more than a dozen other projects) from Joementia’s “pause” on new export approvals that began in January (see White House Makes it Official – Biden Declares War on LNG Exports). Even if President Trump overturns Biden’s pause on LNG approvals and stamps “approved” on CP2’s application on January 20th, there’s still a major roadblock. Read More “Timing & Future of Venture Global’s CP2 LNG Project Murky”

  • Best of the Rest

    Other Stories of Interest: Thu, Dec 12, 2024

    December 12, 2024December 12, 2024

    NATIONAL: Analysts examine today’s USA natural gas price rise; Exxon raises capital spending as worldwide oil glut looms; Biden EPA spends $735 million on electric school buses; Improving well productivity helps U.S. oil companies increase production at a lower cost; Trump, Congress to alter, not erase Biden energy legacy; INTERNATIONAL: OPEC makes deepest cut yet to 2024 world oil demand forecast. Read More “Other Stories of Interest: Thu, Dec 12, 2024”

  • Butler County | Energy Companies | Industrywide Issues | Lawrence County | PennEnergy Resources | Pennsylvania | Regulation

    Feds & PA Soak PennEnergy with $2M Fine, $3.6M Upgrades re Emissions

    December 11, 2024December 11, 2024

    PennEnergy Resources, LLC, the 11th largest shale driller in Pennsylvania, agreed to a “deal” with the Biden Department of Justice (DOJ), the Biden Environmental Protection Agency (EPA), and the Josh Shapiro Department of Environmental Protection (DEP) to pay a $2 million fine and spend another $3.6 million on “upgrades” related to air emissions at its well pads. Based on inspections done in 2018 (six years ago!), the EPA accused PennEnergy of illegal air emissions at five “facilities” (well pads) in Butler County, PA. Yet PennEnergy is being forced to “fix” 17 of its oil and gas production facilities and implement “partial measures” at an additional 32 facilities in Butler County and neighboring Lawrence County. Read More “Feds & PA Soak PennEnergy with $2M Fine, $3.6M Upgrades re Emissions”

  • Industrywide Issues | Ohio | Pennsylvania | Research | Statewide OH | Statewide PA | Statewide WV | West Virginia

    PA+WV+OH Produced Nearly One-Third of All U.S. NatGas in 2023

    December 11, 2024December 11, 2024

    Yesterday, the U.S. Energy Information Administration (EIA) reported five states produced more than 70% of the record 113.1 billion cubic feet per day (Bcf/d) of U.S. marketed natural gas production in 2023. Two of the five were in the Marcellus/Utica: Pennsylvania (18% of the country’s gas) and West Virginia (8% of the country’s gas). We did some digging and found that when adding the production from PA, WV, and OH, the three together represented 31.5% of all the natural gas produced in the U.S. in 2023. It is an astonishing fact! Read More “PA+WV+OH Produced Nearly One-Third of All U.S. NatGas in 2023”

  • ESG | Industrywide Issues | Research

    Methane Emissions in Marcellus/Utica Down 52% from 2019 to 2023

    December 11, 2024December 11, 2024

    The environmental left is hellbent on regulating fossil fuels, including oil and natural gas, out of existence. One of their favorite (false) memes is to claim methane is a bazillion times more “potent” in causing global warming than other things, like carbon dioxide. The false narrative continues that shale drilling is causing a stratospheric increase in fugitive methane leaks into Mom Earth’s atmosphere. Except….it isn’t true. According to data from the Environmental Protection Agency, methane emissions from the country’s top oil and gas-producing basins have fallen 44 percent since 2011. Methane emissions right here in the Marcellus/Utica have fallen 52% from 2019 to 2023! Read More “Methane Emissions in Marcellus/Utica Down 52% from 2019 to 2023”

  • Commodity Price | Crude Oil | Industrywide Issues | Research

    Dec. STEO Predicts 40% Higher NatGas Price for Winter 2024/25

    December 11, 2024December 11, 2024

    The U.S. Energy Information Administration (EIA) issued its latest monthly Short-Term Energy Outlook yesterday, the agency’s monthly best guess about where energy prices and production will go in the next 12 months. In October, the EIA predicted the average spot price for natural gas would be $3.10/MMBtu in 2025 (see Oct. STEO Predicts Lower Output, NatGas Price to Avg $3.10 in 2025). Last month, the agency reduced that number by $0.20 to $2.90/MMBtu (see Nov. STEO Predicts Henry Hub Gas Price to Average $2.90 in 2025). The yo-yo continues to gyrate. Yesterday’s report predicts the price will average $3.00/MMBtu for the rest of the winter and all of 2025—some 40% higher than the average price in November. Read More “Dec. STEO Predicts 40% Higher NatGas Price for Winter 2024/25”

  • Electrical Generation | Industrywide Issues | Regulation

    Trump Promises Expedited Enviro Permits for New Investments of $1B+

    December 11, 2024December 11, 2024

    Yesterday, President-elect Donald Trump posted an interesting message to his Truth Social account: “Any person or company investing ONE BILLION DOLLARS, OR MORE, in the United States of America, will receive fully expedited approvals and permits, including, but in no way limited to, all Environmental approvals. GET READY TO ROCK!!!” The implication is that the incoming Trumpsters will move heaven and earth to ensure more major manufacturing and infrastructure projects are built here in the U.S.A. Finally, someone who gets it! Read More “Trump Promises Expedited Enviro Permits for New Investments of $1B+”

  • CNG/LNG | Exporting | Industrywide Issues | Regulation | Research

    GOP Hammers Biden DOE to Reveal Science Used to Evaluate LNG Pause

    December 11, 2024December 11, 2024

    What is the Biden Department of Energy (DOE) hiding? Four times now, Republican lawmakers from Congress have asked the DOE to reveal the scientific process it is using to “evaluate” how the federal government approves LNG export requests. The Bidenistas are stonewalling and refusing to comply with the request, implying they are using less-than-rigorous standards to produce a fake report. The Bidenistas are using political science instead of real science to evaluate LNG exports. You can expect a politically motivated report when the ditsy Jennifer Granholm (DOE Secretary) finally issues the LNG report we’ve been waiting for for the past year. Read More “GOP Hammers Biden DOE to Reveal Science Used to Evaluate LNG Pause”

  • Industrywide Issues | Pipelines | Regulation

    FERC Issues Final Rule to Make Interstate Pipes More Hacker-Proof

    December 11, 2024December 11, 2024

    The Federal Energy Regulatory Commission (FERC) issued a final rule updating its regulations to include Version 4.0 of the Standards for Business Practices of Interstate Natural Gas Pipelines, as adopted by the Wholesale Gas Quadrant (WGQ) of the North American Energy Standards Board (NAESB). The revisions are designed to promote greater efficiency and reliability of the natural gas industry’s operations and strengthen the cybersecurity protections provided within the standards. This action builds on (works in tandem with) the Transportation Security Administration’s (TSA) annual Security Directives aimed at protecting pipelines from being hacked. Read More “FERC Issues Final Rule to Make Interstate Pipes More Hacker-Proof”

  • Best of the Rest

    Other Stories of Interest: Wed, Dec 11, 2024

    December 11, 2024December 11, 2024

    OTHER U.S. REGIONS: Haynesville Shale drilling will ‘bite you’; NATIONAL: Dominion Energy donates more than $3 million to nonprofits; Electricity… if you want it now, it must be natural gas, not nuclear; Net zero is asinine; INTERNATIONAL: OPEC cuts and China stimulus anchor crude in volatile market; Heritage Foundation, BCG talk to Rigzone about OPEC+ meeting; China-Russia east-route natural gas pipeline fully operational; Brits call for Bill Gates’ arrest re anti-cow-fart chemicals in milk. Read More “Other Stories of Interest: Wed, Dec 11, 2024”

  • Belmont County | Energy Companies | Guernsey County | Gulfport Energy | Industrywide Issues | Ohio | Regulation

    Ohio O&G Commission Approves More Fracking Under State Lands

    December 10, 2024December 10, 2024

    Yesterday, the Ohio Oil and Gas Land Management Commission (OGLMC) voted to award a contract to Gulfport Energy to drill and frack under (not on) about 30 acres of the Egypt Valley Wildlife Area in Belmont County. Commissioners also voted to open an additional 884 acres of Salt Fork State Park in Guernsey County for oil and gas development. During the meeting, commissioners had to work above the chaotic noise from anti-fossil fuel zealots who dressed up in Christmas attire and sang Christmas “carols” substituting anti-fracking lyrics. Yeah, antis made horses’ rear-ends of themselves, as they typically do. Read More “Ohio O&G Commission Approves More Fracking Under State Lands”

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