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Marcellus Drilling News
  • Antero Resources | Carroll County | Encino Energy | Energy Companies | EOG Resources | EQT Corp | Greene County (PA) | Guernsey County | Lycoming County | Marshall County | Ohio | Ohio County | Olympus/Huntley & Huntley | Pennsylvania | Seneca Resources | Southwestern Energy | Weekly Permits | West Virginia | Westmoreland County | Wetzel County

    32 New Shale Well Permits Issued for PA-OH-WV Aug 26 – Sep 1

    September 6, 2024September 6, 2024

    For the week of Aug. 26 – Sept. 1, a total of 32 permits were issued to drill new shale wells in Marcellus/Utica, nearly matching the previous week’s 34. It’s nice to see the numbers returning to higher levels. The Keystone State (PA) had 18 new permits. PA’s top recipient was EQT (and its subsidiary Rice Drilling), with ten permits in Greene County. Seneca Resources was second, with five new permits issued in Lycoming County. Olympus Energy received three permits in Westmoreland County. Read More “32 New Shale Well Permits Issued for PA-OH-WV Aug 26 – Sep 1”

  • Industrywide Issues | Pennsylvania | Research | Statewide PA

    IFO 2Q24 Report: New Wells Drilled, Production Both Down in Pa.

    September 6, 2024September 6, 2024

    Yesterday, the Pennsylvania Independent Fiscal Office (IFO) released its latest quarterly Natural Gas Production Report for April through June 2024 (full copy below). There were 63 new horizontal wells spud (drilled) in 2Q24, a decrease of 26 wells (-29%) compared to 2Q23. That number was also down significantly (37%) from the 100 wells spud in 1Q24. This was the seventh consecutive quarter with a year-over-year (YOY) decline in new wells spud. Natural gas production volume was 1,776 billion cubic feet (Bcf) in 2Q24, down 89 Bcf (5%) from the 1,865 Bcf produced in 2Q23. Read More “IFO 2Q24 Report: New Wells Drilled, Production Both Down in Pa.”

  • Enbridge | Energy Services | Industrywide Issues | North Carolina | Pipelines | Regulation | Virginia

    FERC Gives OK to Start Building ETNG System Alignment in TN, NC

    September 6, 2024September 6, 2024

    In March of this year, MDN brought the news that the Federal Energy Regulatory Commission (FERC) had approved an Enbridge project to update its East Tennessee Natural Gas (ETNG) pipeline system (see FERC Approves East Tenn. NatGas System Alignment in NC, TN, VA). The project is referred to as the ETNG System Alignment Program Project. ETNG plans to add two electric compressor stations and pipeline capacity in North Carolina, Tennessee, and Virginia. Here’s something you don’t read about every day: The original target by Enbridge was to begin construction on the project in the second quarter of next year. Scratch that! Last Friday, FERC gave Enbridge its approval to begin construction on the System Alignment Project now, nearly a year ahead of schedule. Read More “FERC Gives OK to Start Building ETNG System Alignment in TN, NC”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues | New York | Pennsylvania | Pike County | Regulation | Statewide NY | Wayne County

    DRBC Appoints New Executive Director Figurehead

    September 6, 2024September 6, 2024
    DRBC Deputy Executive Director Kristen Bowman Kavanagh, P.E.

    In 1961, the federal government and the governments of Delaware, New Jersey, Pennsylvania, and New York made a huge mistake. They entered into an agreement that created the Delaware River Basin Commission (DRBC). The DRBC has the independent legal authority to oversee and manage the Delaware River Basin. The DRBC treats the 17 counties in Pennsylvania under its jurisdiction (particularly Wayne and Pike counties) as a fiefdom, banning shale energy within those counties (see DRBC Jumps Off Cliff – Votes to Permanently Ban Fracking). Big Green pretty much runs the agency. The DRBC appoints an executive director as a figurehead to push papers around. Earlier this year, Steve Tambini, current ED, announced he would retire as of Dec. 1 (see DRBC’s Disappointing Executive Director Steve Tambini is Retiring). Yesterday, the agency announced who would replace him. The apple didn’t fall far from the tree. Read More “DRBC Appoints New Executive Director Figurehead”

  • Energy Services | Leatherstocking Gas

    CEO of Corning Energy, Owner of Leatherstocking Gas PA, Retiring

    September 6, 2024September 6, 2024
    Michael German, CEO, Corning Energy Corp.

    Corning Energy Corporation (formerly Corning Natural Gas) announced yesterday that Michael German, the company’s CEO, will retire effective December 31, 2024, after 18 years with the company. German was the key guy behind the creation of Leatherstocking Gas Company, which runs gas mains to residents and businesses in small, mainly rural communities—like Montrose, PA (see PA Rural Residents Burn Marcellus Gas, Save Big Bucks on Heating). Read More “CEO of Corning Energy, Owner of Leatherstocking Gas PA, Retiring”

  • CNG/LNG | Energy Companies | Exporting | Industrywide Issues | Shell

    Shell Says Venture Global Wrongfully Earned $3.5B from CP LNG Sales

    September 6, 2024September 6, 2024

    Shell is putting numbers to the gross transgression of Venture Global in screwing over its contracted customers for LNG shipments. Venture Global’s Calcasieu Pass LNG export facility received Federal Energy Regulatory Commission (FERC) authorization to place the final three liquefaction blocks (7-9) into service in November 2023 (see Venture Global Gets FERC OK to Commission 3 Calcasieu Pass Trains). The other trains, 1-6, have been online for over two years. However, the entire facility is not officially in commercial service, even though it has shipped over 200 cargoes! Venture Global claims it is still working out the kinks. Shell and Venture’s other customers say horse manure! Shell says Venture Global has wrongfully earned $3.5 billion from selling cargos from long-term contracts on the spot market instead. PAY UP, Venture Global! Read More “Shell Says Venture Global Wrongfully Earned $3.5B from CP LNG Sales”

  • Anti-Drilling/Fossil Fuel | Hydraulic Fracturing | Industrywide Issues | New York | Statewide NY

    NY Gov. Hochul Makes it Clear That She Hates Fracking

    September 6, 2024September 6, 2024

    Yesterday, MDN told you that if The Cackler (Kamala Harris) can turn on a dime and supposedly embrace fracking, why can’t leftist New York Governor Kathy Hochul do the same (see A Plea to NY Gov. Hochul to Overturn the Ban on Fracking in Upstate). Perhaps Harris’ supposed change of heart would inspire (give excuse to) Hochul to do the same. And then we woke up from our dream and said, nah, ain’t ever gonna happen. And we were right! Yesterday, maybe after reading the NY Post article we quoted, Hochul expressed her hatred of fracking at an energy summit in Syracuse, quipping, “We’re not fracking, we’re not burning coal.” Comrade Hochul’s words were spoken like a true dictator wannabe. Read More “NY Gov. Hochul Makes it Clear That She Hates Fracking”

  • Best of the Rest

    Other Stories of Interest: Fri, Sep 6, 2024

    September 6, 2024September 6, 2024

    OTHER U.S. REGIONS: Berkeley now plans to tax buildings using natgas; NATIONAL: The leftwing judicial ethics crisis no one is talking about; Small storage build creates bullish shock to gas market; INTERNATIONAL: Egypt seeks to import more LNG for winter; Oil, gas will remain central to energy mix for foreseeable future; US imposes sanctions on companies, vessels linked to Arctic LNG 2. Read More “Other Stories of Interest: Fri, Sep 6, 2024”

  • Energy Services | Industrywide Issues | Pipelines | Williams

    Williams Adding 4.2 Bcf/d of New NatGas Pipes 2024-2027, More Later

    September 5, 2024September 5, 2024

    The CEO of midstream giant Williams, Alan Armstrong, spoke at the Barclays CEO Energy-Power Conference yesterday. He gave conference attendees an update on the many (many!) projects Williams has recently completed, is currently completing, and is likely to complete in the future. The company is on track, said Armstrong, to add 12 new pipeline projects representing about 4.2 billion cubic feet per day (Bcf/d) of capacity from 2024-2027. Looking further out, the company said it has about 30 projects under development, representing about 11.5 Bcf/d of capacity from 2028-2032. That’s a staggering 15.7 Bcf/d of new capacity coming online from this one company. How much of it is in the Marcellus/Utica? Read More “Williams Adding 4.2 Bcf/d of New NatGas Pipes 2024-2027, More Later”

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

    RGGI Carbon Tax on Track to Hit New All-Time High of $27/Allowance

    September 5, 2024September 5, 2024

    In 2019, when then-Pennsylvania Gov. Tom Wolf announced he would unilaterally force the state to join the Regional Greenhouse Gas Initiative (RGGI), a carbon tax scheme aimed at forcing coal- and gas-fired plants out of business, he claimed the tax would only amount to a few dollars per allowance (or “short ton”) of CO2 (see Gov. Wolf Goes Bonkers: EO Destroying Gas-Fired Elec, Carbon Tax). That lie was exposed early on when, in March 2021, the price per allowance for CO2 under RGGI soared to $7.60 (see RGGI Carbon Tax Hits All-Time High – Gas-Fired Plants Close). Since then, it’s only continued to increase. S&P Global said the quarterly auction held yesterday was on track to clear $27 per allowance!! Read More “RGGI Carbon Tax on Track to Hit New All-Time High of $27/Allowance”

  • ESG | Industrywide Issues

    MiQ Expands Methane Monitoring Options for Responsible Gas Cert

    September 5, 2024September 5, 2024

    MiQ is one of two major gas certification authorities that certify low methane emissions and is used by nearly every Marcellus/Utica driller. Last October, MDN brought you information about the two major gas certification authorities, MiQ and Project Canary, and the effort by drillers to get their gas officially certified as responsibly sourced (see Former “Responsible Gas” Becoming “Certified” or “Differentiated”). MiQ is expanding the options that drillers and others can use to verify their methane emissions including verification by aircraft, continuous monitoring, and satellites — so-called advanced LDAR technologies. Read More “MiQ Expands Methane Monitoring Options for Responsible Gas Cert”

  • Antero Resources | Ascent Resources | Chesapeake Energy | CNX Resources | Commodity Price | Coterra Energy (Cabot O&G) | Energy Companies | EQT Corp | Gulfport Energy | Industrywide Issues | Range Resources Corp | Seneca Resources | Southwestern Energy

    Low NatGas Price Has “Crippled” Financial Results for M-U Cos.

    September 5, 2024September 5, 2024

    There’s just no way to sugarcoat the fact that the low low price for natural gas is having an impact on shale drillers in the Marcellus/Utica. According to an analyst with RBN Energy, a price plunge to near the $2/MMBtu level in early 2023 “crippled” financial results for the companies RBN monitors that are gas-focused (namely M-U companies). However, most producers on the RBN list have remained in the black through spending less and cutting back on production. Down but far from out. How did the major M-U companies that are publicly traded perform in 2Q24? We have the numbers below. Read More “Low NatGas Price Has “Crippled” Financial Results for M-U Cos.”

  • Chevron | Electrical Generation | Energy Companies | Hydrogen | Industrywide Issues

    Chevron Runs Special Turbine on 60% Hydrogen to 40% NatGas Mix

    September 5, 2024September 5, 2024

    As you know, the Biden-Harris administration has been a big promoter of hydrogen energy, even though (a) it’s expensive to produce and (b) there are no customers (currently) who want more supplies of it. Because hydrogen is “clean” energy, the left is pushing it as energy nirvana. (Most leftists alive today don’t know what the Hindenburg disaster was because they never studied history.) The Bidenistas ran a Hunger Games contest and ended up awarding portions of a $7 billion pot of taxpayer’s money to seven hydrogen hub projects (from 33 finalists) last October (see Hydrogen Hub Winners Announced – WV Takes Prize in M-U Region). There is a connection between natural gas and hydrogen. Natural gas currently produces around 95% of all hydrogen used in commercial applications. Read More “Chevron Runs Special Turbine on 60% Hydrogen to 40% NatGas Mix”

  • Anti-Drilling/Fossil Fuel | Economic Impact | Industrywide Issues | Pipelines

    3 NatGas Pipes Serving Maine Seek Rate Increase of 30-50%

    September 5, 2024September 5, 2024

    The State of Maine has a completely unrealistic climate goal of using 80% renewable energy generation by 2030. It 100% won’t happen. But state officials continue to fart around pretending they will hit that goal. Meanwhile, back in the real world, natural gas remains THE key energy source for the state, generating more than half of New England’s (and Maine’s) power. Three interstate pipelines flow natural gas molecules to the state: Maritimes & Northeast Pipeline, Algonquin Gas Transmission, and Granite State Gas Transmission. All three are requesting a rate increase. Two of the three, Maritimes and Algonquin, are owned by Enbridge and have requested a rate increase of 30-50%. Ouch. Read More “3 NatGas Pipes Serving Maine Seek Rate Increase of 30-50%”

  • Anti-Drilling/Fossil Fuel | Hydraulic Fracturing | Industrywide Issues | New York | Statewide NY

    A Plea to NY Gov. Hochul to Overturn the Ban on Fracking in Upstate

    September 5, 2024September 5, 2024

    We spotted an opinion piece in the New York Post with the provocative title, “With Kamala Harris now in favor, Hochul should let upstate NY frack, baby, frack.” It’s part tongue-in-cheek and part serious. If The Cackler can turn on a dime and supposedly embrace fracking, why can’t leftist Kathy Hochul? (Of course, Harris hasn’t really changed her position on fracking. But play along just for kicks…) The Post column outlines the economic devastation that has hit Upstate NY (where MDN is located) and how a simple change in policy to allow fracking would ignite the Upstate economy. The author is right. If Hochul *really* cared about Upstate and seeing it prosper, she would work to allow shale fracking.
    Read More “A Plea to NY Gov. Hochul to Overturn the Ban on Fracking in Upstate”

  • Best of the Rest

    Other Stories of Interest: Thu, Sep 5, 2024

    September 5, 2024September 5, 2024

    MARCELLUS/UTICA REGION: Pennsylvania man pleads guilty to defrauding $2M from investors; NATIONAL: US oil, gas M&A nears 2023 record, focus shifts away from Permian; Toning down the rhetoric on fossil fuels and radical climate change; America’s energy success has nothing to do with the Biden-Harris administration; INTERNATIONAL: OPEC+ discusses delaying supply boost after oil price crash; Saudi Arabia faces potential deficit on oil decline. Read More “Other Stories of Interest: Thu, Sep 5, 2024”

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