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Dominion Energy’s Wokified Plan to Use NatGas as Backup Only
Dominion Energy Virginia yesterday issued its “2024 Integrated Resource Plan” to the Virginia State Corporation Commission (SCC) and the North Carolina Utilities Commission (NCUC). The document outlines a plan to meet rising power demand through significant investments in new power generation from “every source,” expansion and modernization of the power grid, energy storage, and energy efficiency programs. The problem is (from our perspective), the plan deemphasizes natural gas in favor of unreliable renewables, to the peril of Dominion’s customers. Read More “Dominion Energy’s Wokified Plan to Use NatGas as Backup Only”
Simply amazing. In August, we told you that most of Venture Global’s contracted customers for LNG from the company’s Calcasieu Pass LNG export facility in southwestern Louisiana’s Cameron Parish had filed for arbitration over Venture Global’s refusal to sell them cargoes under contract (see 
OTHER U.S. REGIONS: Unprecedented court ruling puts a $18.4 billion LNG project at risk; Oil and gas trade group decries Gov. Newsom’s ‘personal insults’; NATIONAL: Anti-fracking groups gave Kamala $17 million after she swore off fracking; UCS paper says natural gas alternatives won’t address climate change; INTERNATIONAL: Why Saudi Arabia may ‘open the spigot’ on oil production; Oil prices plummet as Israel eases Iran strike fears; China still investing in coal plants abroad after ban. 
Once again, the bottom dropped out of the Pennsylvania Marcellus rig count. PA lost two rigs last week, down to just 13 active rigs, the lowest the PA rig count has been since July 2016. That’s the lowest rig count for PA in more than eight years, lower than the deep dark days of the pandemic four years ago. Ohio and West Virginia’s counts remained the same at nine and ten, respectively. On August 23, PA ran 21 rigs, OH had nine rigs, and WV had just five rigs. Last Friday (just two months later), PA had 13 rigs (a loss of eight from August), OH still had nine, but WV had ten rigs (a gain of five of PA’s lost eight). The realignment of rigs from PA to WV is an ongoing, big story concerning the rig count. 
The U.S. Court of Appeals for the Sixth Circuit (6th Circuit) slammed the brakes on a pipeline project in Tennessee on Friday. In January, the Federal Energy Regulatory Commission (FERC) issued a certificate of public convenience for Kinder Morgan’s Tennessee Gas Pipeline (TGP) subsidiary to build the Cumberland Project, a 32-mile, 30-inch pipeline to feed 245 MMcf/d of natural gas (from the Marcellus/Utica) to the Tennessee Valey Authority’s (TVA) proposed Cumberland gas-fired power plant. 
Yesterday, the 
PJM Interconnection is the largest U.S. power grid operator, serving 65 million people in 13 states plus the District of Columbia (including PA, OH, and WV). PJM supplies power to more than 20% of the U.S. economy. The organization issued its annual Winter Outlook yesterday. The analysis says PJM and its members have adequate resources to serve the forecasted demand for electricity this winter under expected conditions, although reserve margins continue to shrink with continued generator (coal plant) retirements and increasing demand. However, if we have “extreme” weather events, problems like blackouts are possible. In other words, we will have enough electricity, but cross your fingers that we don’t experience any extreme weather. 
MDN is not a stock-picking service. However, from time to time, we mention the performance of a given company’s stock price if it is unusual or relevant to our audience. We spotted an article by Bloomberg about CNX Resources’ stock price. Last Friday, CNX’s stock hit what Bloomberg calls “a 10-year high,” closing at $36.29. Interestingly, one or more investors bought over 34,000 call options, betting the price would hit $40 by mid-April. 
Some 15 months ago, WhiteHawk Energy, headquartered in Philadelphia with ownership of mineral and royalty interests for over 1 million gross unit acres and over 3,400 producing horizontal shale wells between the Marcellus and the Haynesville, proposed marriage to PHX Minerals, based in Fort Worth, Texas, owner of 75,000 leased mineral acres principally located in the SCOOP and Haynesville plays (see 
Dr. Judith Curry is an American climatologist and the former chair of the School of Earth and Atmospheric Sciences at the Georgia Institute of Technology. Her research interests include hurricanes, remote sensing, atmospheric modeling, polar climates, air-sea interactions, climate models, and the use of unmanned aerial vehicles for atmospheric research. She was a member of the National Research Council’s Climate Research Committee, published over a hundred scientific papers, and co-edited several major works. She’s worked with NOAA and NASA. She has more awards than you can count. Yet because she dares to openly ask questions and point out political bias in the global warming community, she has been ostracized. She is one of the smartest people alive regarding climate change. 
It’s Columbus Day! MDN will not publish our regular list of stories today — but have no fear; we will be back tomorrow (Tuesday) with a full lineup. Take a moment today to celebrate the world’s most famous Italian, the guy who started it all, the guy who discovered the Americas, and what would one day become the greatest country on earth: The United States of America!
There were 20 permits issued to drill new shale wells in Marcellus/Utica for the week of Sept. 30 – Oct. 6, down eight from the 28 issued the prior week. The Keystone State (PA) had eight new permits, with five going to Southwestern Energy (now Expand Energy following a merger with Chesapeake) in both Susquehanna and Wyoming counties. The other three permits went to Laurel Mountain Energy for a pad in Butler County. 
It’s good to revisit the basics from time to time. When drilling a shale oil or gas well, each well produces “brine,” a super-salty (minerally) water from the depths that keeps flowing long after the well is drilled and is online. This is not surface water; fresh water found down to about 300 feet. This is another layer of water thousands of feet below the surface. Disposing of brine can be a problem given the minerals in it. A lot of brine is recycled and used again for new drilling and fracking. But what happens when drilling slows down? The water continues to flow out of existing wells and needs proper disposal. Researchers at Lehigh University in Bethlehem, PA, may have a new solution. 
Earlier this week, MDN told you about the final chapter in the tragedy of the Philadelphia Energy Solutions (PES) Refining Complex (see 