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Marcellus Drilling News
  • Athens County | Energy Services | Industrywide Issues | Ohio | Regulation | Tallgrass Energy | Wastewater

    Owner of 3 Athens, OH Injection Wells Applies to Permanently Plug

    July 10, 2024July 10, 2024

    In April, the Ohio Oil and Gas Commission upheld a regulatory order from the Ohio Dept. of Natural Resources (ODNR) suspending operations of three wastewater injection wells located in Torch (Athens County), OH, owned by K&H Partners, a subsidiary of Tallgrass Energy (see Ohio O&G Commission Votes to Shut Down 3 Athens Injection Wells). The Athens County Independent is reporting K&H is officially throwing in the towel and has applied to plug its three Torch injection wells.
    Read More “Owner of 3 Athens, OH Injection Wells Applies to Permanently Plug”

  • Indiana County | Industrywide Issues | M&A | Pennsylvania | Supply Chain

    Marcellus Shale Testing Lab in PA Sells Itself to Minneapolis Co.

    July 10, 2024July 10, 2024

    Incorporated in 1988, Environmental Service Laboratories, Inc. (ESL) is an environmental testing laboratory based in Indiana, PA, providing various analytical testing, consulting, and field sampling services. ESL customers include Marcellus/Utica natural gas drilling companies, industrial facilities, municipalities, engineering firms, local/state/federal government, and the general public. ESL is accredited to test drinking water, wastewater, soil, solid materials, natural gas, frozen dairy products, and meat. ESL has just sold itself for an undisclosed amount to Pace Analytical Services, based in Minneapolis, MN.
    Read More “Marcellus Shale Testing Lab in PA Sells Itself to Minneapolis Co.”

  • Diversified Energy | Energy Companies | Industrywide Issues | M&A

    Diversified Buys More East Texas Assets from Crescent Pass Energy

    July 10, 2024July 10, 2024

    Diversified Energy (formerly Diversified Gas & Oil), with major assets in the Marcellus/Utica region (with assets in other regions, too), owns approximately 8 million acres of leases with 67,000 (mostly) conventional oil and gas wells. The company’s business model is to buy lower-producing wells on the cheap and find ways to make them more productive. Last September, Diversified’s CEO Rusty Huston, in an interview with Forbes, signaled that he would be looking to buy more assets outside of the Marcellus/Utica — specifically along the Gulf Coast (see Diversified CEO Says Gulf Coast has Brighter Future than Appalachia). Since that time, he’s made good on his statement. This morning, the company announced yet another Gulf Coast deal: buying 170,000 acres with 827 active conventional wells and producing 38 MMcfe/d in East Texas for $106 million.
    Read More “Diversified Buys More East Texas Assets from Crescent Pass Energy”

  • Commodity Price | Industrywide Issues | Research

    July STEO Predicts U.S. Natgas Output Declines, Demand Rises 2024

    July 10, 2024July 10, 2024
    click for larger version

    Once a month, the U.S. Energy Information Administration (EIA) analysts issue the agency’s Short-Term Energy Outlook (STEO), their best guess about where energy prices and production will go in the next 12 months. Starting last month, the EIA axed its monthly Drilling Productivity Report that focused on shale plays and instead rolled it into the monthly STEO (see Biden EIA Dumps Detailed Monthly U.S. Shale Drilling Report). We’re still grumbling about the change. So, what did yesterday’s July 2024 STEO show? On a macro level, the EIA predicts U.S. natural gas production will decline in 2024 while demand will rise to a record high.
    Read More “July STEO Predicts U.S. Natgas Output Declines, Demand Rises 2024”

  • Industrywide Issues | Regulation

    Bipartisan Bill Would Study Carbon Emissions from China Products

    July 10, 2024July 10, 2024

    Conservative Republicans in the U.S. Senate and House are pushing a so-called bipartisan bill to “study” the carbon emissions of products produced in the U.S. versus emissions for products manufactured in other countries, like China. We think this may be a slippery slope. We first wrote about this issue in March 2023 when the Senate was working on the bill (see Senate Republicans Working on “Foreign Pollution Act” to Tax Carbon). The Senate bill was introduced last June and passed the Senate Environment and Public Works (EPW) Committee 14-5 in January.
    Read More “Bipartisan Bill Would Study Carbon Emissions from China Products”

  • BP | Energy Companies | Industrywide Issues | Research

    Statistical Review Finds Fossil Fuels Provide 81.5% of World Energy

    July 10, 2024July 10, 2024

    For donkey’s years, BP (British Petroleum) published its annual Statistical Review of World Energy — since 1952. Last year BP said it would no longer publish it and instead turn it over to a Big Green advocacy group known as The Energy Institute (EI) to publish (see BP Dumps Annual Statistical Review – Energy Institute New Publisher). To its credit, EI’s freshman outing last year didn’t hide the news that fossil energy continued to be the main source of the world’s energy in 2022 (see Statistical Review Finds Fossil Fuels Provide 82% of All Energy). EI’s sophomore outing shows the same thing. In 2023, fossil energy use worldwide went down a half percentage point from 2022, to 81.5%. Hey lefties, what happened to solar and wind taking the energy world by storm, putting fossil fuels out of business any day now?
    Read More “Statistical Review Finds Fossil Fuels Provide 81.5% of World Energy”

  • Best of the Rest

    Other Stories of Interest: Wed, Jul 10, 2024

    July 10, 2024July 10, 2024

    MARCELLUS/UTICA REGION: Washington County Transit Authority gets $15M for new CNG terminal; Honeywell strikes $1.8 billion deal for LNG business; OTHER U.S. REGIONS: Construction progresses on Sempra’s Port Arthur LNG export project; Pennybacker buys New Fortress Energy Miami LNG; NATIONAL: Oil falls as traders analyze Powell comments; Sen. James Inhofe, a courageous dissident on climate crisis, passes away; US Oil and Gas president says he supports RNC platform; INTERNATIONAL: Will OPEC+ ever rein in its non-compliant members?; Disney launching cruises in Japan; America’s NATO partners anticipate U.S. LNG supplies to Europe; Russia and Iran move closer to creating gas OPEC-style cartel.
    Read More “Other Stories of Interest: Wed, Jul 10, 2024”

  • Anti-Drilling/Fossil Fuel | Carbon Capture | Industrywide Issues | Pennsylvania | Regulation | Statewide PA

    PA Antis Split Over Issue of Carbon Capture & Sequestration

    July 9, 2024July 9, 2024

    Pennsylvania Democrat leftists face a conundrum. Do they listen to one set of environmentalist wackos, including the Pennsylvania Environmental Council, Environmental Defense Fund, Nature Conservancy, and Clean Air Task Force? Or do they listen to a different set (on the same ideological side of the aisle), including Better Path Coalition, 350 Pittsburgh, 412 Justice, the Center for Coalfield Justice, and the Clean Air Council? Two weeks ago, the first set of wackos threw their support behind PA Senate Bill (SB) 831, the Carbon Capture & Sequestration (CCS) Act (see PA House Advances Carbon Capture & Sequestration (CCS) Act). Earlier this week, the latter group of wackos sent lawmakers a letter opposing SB 831. What’s a lib Dem to do?
    Read More “PA Antis Split Over Issue of Carbon Capture & Sequestration”

  • Energy Companies | EOG Resources | Ohio | Statewide OH

    EOG Zags with Organic Growth While Everyone Else Zigs with Mergers

    July 9, 2024July 9, 2024

    Mergers and Acquisitions (M&A) have been all the rage over the past year or so. In 2024 alone, Chesapeake Energy announced a $7.4 billion deal to buy Southwestern Energy (see Deal is Done! Chesapeake & Southwestern Announce $7.4B Merger). However, oil plays, including the Permian and Bakken, are where the biggest deals are happening. ExxonMobil announced a deal to buy the Permian’s largest independent, Pioneer Natural Resources, for $60 billion. Diamondback Energy is buying Endeavor Energy Resources for $26 billion. Chevron is attempting to buy Hess Corporation (big assets in the Bakken and assets in foreign markets) for $53.5 billion. However, one large, publicly traded company is charting a different course, preferring to grow acreage organically and concentrate on previously unknown or overlooked hydrocarbon plays. That company is EOG Resources.
    Read More “EOG Zags with Organic Growth While Everyone Else Zigs with Mergers”

  • Energy Services | Industrywide Issues | Pipelines | Regulation | Transco | Williams

    FERC OKs Request to Start Up More of Transco REAE Pipe Expansion

    July 9, 2024July 9, 2024

    Williams’ Regional Energy Access Expansion (REAE) project involves expanding the mighty Transco pipeline in Pennsylvania and New Jersey to deliver an extra 829 MMcf/d of Marcellus gas to PA, NJ, and Maryland. Part of the project was completed and went online last year (see Williams 1Q—Regional Energy Access Pipe Coming Online Early). The rest of the project is scheduled to be completed and online by the end of this year. On June 7, Williams asked FERC for permission to bring another chunk of the REAE project online as soon as July 1st (see Williams Asks FERC to Place More of Regional Energy Access Online). On Wednesday, June 26, FERC granted its permission to start it up.
    Read More “FERC OKs Request to Start Up More of Transco REAE Pipe Expansion”

  • Energy Services | Industrywide Issues | Litigation | Pennsylvania | Pipelines | Regulation | Statewide PA | Transco | Williams

    3rd Circuit Sides with PA Antis’ Right to Appeal REAE Permits

    July 9, 2024July 9, 2024

    As we mentioned in a companion post today, the Williams Transco Regional Energy Access Expansion (REAE) project recently received permission from the Federal Energy Regulatory Commission (FERC) to begin operations for another segment of the REAE project, flowing an extra 130 MMcf/d of natural gas to Pennsylvania, New Jersey, and Maryland (see FERC OKs Request to Place More of Regional Energy Access Online). However, yesterday, Williams suffered a minor legal setback related to the REAE project.
    Read More “3rd Circuit Sides with PA Antis’ Right to Appeal REAE Permits”

  • CNG/LNG | Exporting | Industrywide Issues | Weather

    Surprise! Freeport LNG Exports Shut Down Due to Hurricane Beryl

    July 9, 2024July 9, 2024

    We began our headline with the word “Surprise!” because, well, nobody is surprised that Freeport LNG is, once again, down. That has been the theme since it began to operate. We’ve tracked the up down up down up down situation at Freeport LNG since it came online in 2019. Freeport was mostly offline this year following an episode of cold temps in January (see Freeport LNG Repairs Won’t be Done Until May – 2 Trains Offline). Freeport announced that two of its three trains (Trains 1 and 2) would remain out of service for testing and repairs through May. Train 3 came back online in late March, but just as quickly, it went down again. Then came back up. Then went down. Etc. So it will be no surprise to learn that as Hurricane Beryl took aim at the Texas Gulf Coast, Freeport preemptively shut everything down, again. As of yesterday, it was still shut down, which took the total U.S. LNG output from 13.1 Bcf/d on July 6 to 11.1 Bcf/d yesterday.
    Read More “Surprise! Freeport LNG Exports Shut Down Due to Hurricane Beryl”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues

    Wealthy Anti-Fossil Fuelers Outspending the Fossil Fuel Lobby 10X

    July 9, 2024July 9, 2024

    Climate hucksters like the National Resources Defense Council (NRDC) peddle the false narrative that Big Oil is spending mountains of money to protect its filthy, polluting industry, while environmental groups (like the NRDC) that just want you to breathe clean air and drink pure water are just about flat busted. Big Oil is Goliath, and Big Green is David. The opposite is the truth. According to an analysis of IRS records, for every dollar spent by organizations and groups that support fossil energy, nearly $10 ($9.60 to be exact) is spent by Big Green groups.
    Read More “Wealthy Anti-Fossil Fuelers Outspending the Fossil Fuel Lobby 10X”

  • Best of the Rest

    Other Stories of Interest: Tue, Jul 9, 2024

    July 9, 2024July 9, 2024

    NATIONAL: Google’s net zero plans are going up in smoke; Biden calls people ‘really, really dumb’ for disagreeing with him on climate; Sumitomo looks to tap US shale boom despite exiting production; INTERNATIONAL: Is Saudi Arabia set on becoming a global gas leader?; New UK Secretary of State for Energy Security outlines priorities.
    Read More “Other Stories of Interest: Tue, Jul 9, 2024”

  • Apex Energy | Ascent Resources | Beaver County | Bradford County | Chesapeake Energy | Energy Companies | EQT Corp | Greene County (PA) | Guernsey County | INR/Infinity Natural Resources | Jay-Bee Oil & Gas | Jefferson County (OH) | Ohio | Pennsylvania | Pleasants County | Range Resources Corp | Seneca Resources | Tioga County (PA) | Weekly Permits | West Virginia | Westmoreland County

    15 New Shale Well Permits Issued for PA-OH-WV Jun 24 – 30

    July 8, 2024July 8, 2024

    We’re playing catch-up following our brief Wednesday through Friday vacation last week. The first order of business is to bring you the list of permits issued for the week of June 24 – 30. A total of 15 new permits were issued, with most (10) issued in Pennsylvania. Ohio issued four new permits, and West Virginia issued one new permit. Both Seneca Resources and Apex Energy tied for most new permits (three each), with Seneca’s permits issued in Tioga County, PA, and Apex’s permits issued in Westmoreland County, PA.
    Read More “15 New Shale Well Permits Issued for PA-OH-WV Jun 24 – 30”

  • Carbon Capture | Clinton County | CNG/LNG | Industrywide Issues | Pennsylvania | Regulation

    PA DEP Issues Permit for LNG Production Plant in Clinton County

    July 8, 2024July 8, 2024

    Nearly one year ago, in August 2023, MDN brought you an update on the KeyState Natural Gas Synthesis project in Clinton County, PA (see KeyState NatGas/CCUS Project in Clinton, PA Now $2B, Extra 2 Yrs). The project is developing the first carbon capture project in Pennsylvania to produce hydrogen, ammonia, and urea locally. It includes a closed natural gas extraction and manufacturing system that produces zero emissions and emission-reduced products. Frontier Natural Resources, Inc. is a partner in the KeyState project. The PA Environment Digest Blog noticed that the Pennsylvania Dept. of Environmental Protection (DEP) has just issued an Air Quality Permit Plan Approval to authorize the construction and operation of the Frontier LNG natural gas production facility at the Winner 4H Shale Gas Well Pad in West Keating Township, Clinton County.
    Read More “PA DEP Issues Permit for LNG Production Plant in Clinton County”

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