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Details for Surface Owners re Diversified Deal to Plug Wells
In November, MDN told you that Diversified Energy and EQT Corporation had settled a class action lawsuit originally brought by several West Virginia landowners (see EQT, Diversified Settle WV Class Action Lawsuit re Old Wells). Diversified and EQT are ponying up $3.25 million each ($6.5 million total) with requirements for Diversified to plug more wells on an advanced schedule in West Virginia, Ohio, Pennsylvania, Kentucky, Virginia, and Tennessee. Who, exactly, is affected by this settlement? A new court-ordered website provides some answers. Read More “Details for Surface Owners re Diversified Deal to Plug Wells”
Penneco Environmental Solutions wants to build a second wastewater injection well in Plum Borough (Allegheny County), PA, next to an existing injection well. Penneco’s first wastewater injection well in Plum finally opened for business in mid-2021, overcoming all sorts of smears, slanders, and lawsuits by the enviro-left (see 
Just yesterday, we noted the recent run-up in the NYMEX futures price for natural gas (see 
We have news of a brand new greenfield pipeline project (a rarity these days) that has the potential to flow Marcellus/Utica molecules to the Southeastern U.S. Yesterday, Kinder Morgan’s mighty Tennessee Gas Pipeline (TGP) subsidiary announced a final investment decision (FID) to build the Mississippi Crossing Project (MSX Project) after securing long-term, binding transportation agreements with customers for all the capacity. The $1.4 billion project involves the construction of nearly 206 miles of 42-inch and 36-inch pipeline and two new compressor stations aimed at flowing 1.5 Bcf/d of natural gas. MSX will compete with another recently announced project, the Kosciusko Junction Pipeline Project from Boardwalk (see 
Just as the pandemic began to unfold in early 2020, Shell pulled out of a 50/50 joint venture partnership with Energy Transfer (ET) to build a new LNG export facility in Lake Charles, Louisiana (see 
OTHER U.S. REGIONS: California gets federal clearance to ban new fossil fuel cars from 2035; NATIONAL: USA crude oil inventories drop WoW; Oil settles below $70 on stronger dollar; Barrasso says targeting gas exports act of a “bitter administration on its way out”; INTERNATIONAL: EU agrees to install up to 89 GW of offshore wind capacity by 2030; Trump says European Union must buy U.S. oil and gas in trade ultimatum. 
One week ago, MDN told you that Ohio House Bill (HB) 308 had passed votes by both the full House and Senate and was heading to the desk of RINO Gov. Mike DeWine for his signature (see 
The price of natural gas, both the Henry Hub NYMEX futures price and the spot price, essentially drives more (or less) drilling for natural gas. Hence our frequent coverage of the price, at least when that price is over $3 per million British Thermal Units (MMBtus). The “front month” NYMEX contract closed higher again yesterday at $3.374/MMBtu. Over the past two days, the price has gone up a cumulative total of $0.16, or roughly 5%. The price has gone up four of the past six trading days and is now at the fourth-highest closing price for all of 2024. The question is, why? 
Two days ago, MDN brought you analysis from RBN Energy that said U.S. LNG feedgas demand in 2024 would average “just under” the average from 2023, the first time since we began exporting LNG in 2016 that we have not grown our exports year over year (see 
You’ve always known that there’s corruption in the federal government, right? With that much money sloshing around, people with sticky fingers show up and grab some of it for themselves. Today’s story of government corruption will blow your mind. Thanks to the Biden Infrastructure Law and the misnamed Inflation Reduction Act, some $385 billion was earmarked to be given out as “loans” to so-called “green” projects (kickbacks to political donors). The Department of Energy’s (DOE) Loan Programs Office (LPO) was delegated the responsibility to get the money distributed. So the LPO hired a bunch of independent contractors to help distribute the money, and the contractors (in some cases) are double-dealing—they are serving both the LPO *and* they are representing and serving the borrowers of that money. The DOE’s own Inspector General office is sounding the alarm and telling the LPO it should cease and desist from distributing another dime until safeguards are put in place and contractors with a conflict of interest are removed. 
Yesterday, MDN brought you the news that the Biden Department of Energy (DOE) and its grossly incompetent leader, Jennifer Granholm, released a fake “study” that recommends not approving any more LNG export facilities, claiming we already have enough in the pipeline to last us forevermore (see 
An op-ed appearing on The Center Square website says Donald Trump’s pick to head the Department of Energy, Chris Wright, will lead an American energy u-turn upon taking office. The first sentence begins this way: “The United States is about to witness a complete energy reversal.” Amen to that! We have just lived through four years of an energy nightmare under the gross incompetence of both Joe Biden and Jennifer Granholm. 
According to Dan Eberhart, CEO of Canary, LLC (the sixth-largest wellhead services company in the U.S.), the world is bracing for another energy crisis this winter, with natural gas markets “teetering” on the brink of volatility. It would not take much to push the world into another run on natural gas supplies, which would push prices to “multi-year highs.” The “looming crisis” underscores the urgent need for robust and consistent American energy policies—something the Biden administration’s recent pause on new liquefied natural gas (LNG) export approvals has failed to deliver. The antidote, the fix for this fragile market, is the incoming Trump-Vance administration. 
Yesterday, the U.S. Department of Energy (DOE), headed by the ultra-dumb Jennifer Granholm, issued a bogus “study” (copy below) arguing that no new approvals should be granted for additional LNG exports. The report (and Granholm, in a cover letter) argues that “the amounts [of LNG export facilities] that have already been approved will be more than sufficient to meet global demand for U.S. LNG for decades to come.” In other words, the so-called elites know better than the free market how many LNG export plants the country should support. Granholm argues in favor of a command-and-control approach (i.e., Communism) over a free market, free enterprise approach to approving new LNG exports. 
This is VERY interesting. The nonpartisan S&P Global, which never (we mean NEVER) seeks to ruffle political feathers, released a study on LNG exports on the very same day as the Biden/Granholm Department of Energy released its LNG export study. The S&P study, which came out a few hours earlier than the DOE study, says more U.S. LNG exports will NOT raise the domestic price of natural gas, at least not appreciably. The Biden-corrupted DOE report says the opposite, that more LNG exports will cause domestic natural gas prices to go through the roof (and consequently, we shouldn’t build more LNG export facilities). Who do you believe? The company that is one of THE largest financial analysis companies in the world, that manages the S&P 500 Index and S&P credit ratings? Or lying, sore-loser politicians like the ditsy Jennifer Granholm and Joementia Biden?