Other Stories of Interest: Mon, Jun 24, 2024
OTHER U.S. REGIONS: Con Edison launches campaign to deflect blame for coming energy disaster; NATIONAL: Biden’s hypocrisy on climate change is painfully obvious; Biden owes us trading partners clarity on LNG pause; INTERNATIONAL: Greenland is not experiencing a climate crisis and neither are we; The new gold rush – hunting down naturally occurring hydrogen; Rare LNG vessel sails through Red Sea amid Houthi attacks.
Read More “Other Stories of Interest: Mon, Jun 24, 2024”
Three weeks ago, 31 new permits were issued to drill in the entire Marcellus/Utica region. Two weeks ago, the number dropped (dramatically) to just seven new permits. And then last week, the number of permits issued soared once again — all the way up to 46. Bam! We just kicked it up a notch. Seneca Resources took the top spot for new permits, receiving a total of nine permits, all in Tioga County, PA. Chesapeake Energy and Antero Resources tied for second place with seven new permits each, with Chessy’s permits coming in Bradford County, PA, and Antero’s in Doddridge County, WV. Coming in third was Jay-Bee Oil & Gas with six permits issued in Pleasants County, WV. State by state, PA issued 24 new permits, OH issued 9, and WV issued 13 permits.
In 2019, the Pennsylvania Public Utility Commission (PUC) began formulating new regulations for intrastate pipelines transporting gasoline, petroleum, crude oil, and natural gas liquids like ethane. In July 2021, the PUC finally published a draft of new regulations (see 
Yesterday, MDN told you about a very small lease deal on offer for North Huntingdon Township in Westmoreland County, PA (see 
Something incredible is happening in Massachusetts. The entire legislature, minus one brave Republican (maybe the only patriot left in New England), wants to pass a law that empowers state regulators to “terminate [natural gas] service to consumers so long as they have access to ‘safe, reliable, and affordable alternatives.'” It is a breathtaking seizure of freedom from the residents of the state. Government weenies can decide whether or not to rip pipelines out of the ground that feeds your home with natural gas. Except Sen. Ryan Fattman, a Sutton Republican, who used a procedural tactic to push off debate by another day. It’s a desperate move to buy time to sound the alarm like Paul Revere. Fattman is a modern-day Paul Revere. Wake up, Massachusetts residents! Stop this insanity while you can!
The Dems are all about handing out other people’s money. It keeps them in power (tantamount to bribes). Incidentally, Alexander Fraser Tytler said in the late 1700s: “A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury.” The U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA) recently began soliciting applications to hand out nearly $200 million in grants from the $1.2 trillion Infrastructure law to upgrade natural gas pipelines. Spreading around $200 million from the total of $1.2 trillion a rounding error — below two-tenths of a single percent.
We’re always interested in lease signing bonuses and royalty rates. We don’t see as many references today as we did five and ten years ago. Typically, we learn about lease rates when municipal-owned land is leased, as is the case for a small parcel in North Huntingdon, PA (Westmoreland County). Apex Energy is offering North Huntingdon $1,500 per acre in a signing bonus to lease 4.5 acres of town land for a grand total of $6,760. It ain’t much, but it’s better than a sharp stick in the eye, right?
Chesapeake Energy has gone through some major changes over the past four years. In June of 2020, Chessy declared bankruptcy (see 
There’s no way to sugarcoat bad news. The Pennsylvania Public Utility Commission (PUC) predicted in January that money raised by the shale impact fee (PA’s version of a severance tax) would plummet this year (see 
As we report in a companion post today, Pennsylvania is currently dishing out close to $180 million in impact fees raised from 2023 shale activity — PA’s version of a severance tax (see PA PUC Distributes 2023 Impact Fee – Revenue Dropped $99M YOY). As the name implies, some 60% of the money raised goes to the counties and municipalities where drilling happens, those “impacted” by shale drilling. The other 40% goes to the black hole of Harrisburg for redistribution to various state agencies and the other counties with no shale drilling. Let’s look at how some counties and towns will spend the money coming their way.
Radicalized environmental groups, including Trout Unlimited and the Mid State Trail Association, have devolved into trying to block gathering and water pipelines in Pennsylvania. Driller Pennsylvania General Energy (PGE) wants to install 3.7 miles of a gathering pipeline to connect several wells to the Transco pipeline system, along with two 8-inch water pipelines of about the same length, in Lycoming County. Nearly all of the pipeline projects are located on state-owned land.
Danskammer Energy, which operates a gas-fired peaker power plant along the Hudson River in Newburgh, NY, has been working on a project to upgrade the plant since 2018 — seven years. On Monday, Danskammer Energy withdrew its permit application with the fossil fuel-hostile state, formally ending attempts to expand after years of trying. It’s time to throw in the towel in NY State and let the idiots who keep the Dems in power sit in the dark.
For those (like the dunce who heads up the Dept. of Energy, Jennifer Granholm) who say Uncle Joe’s “pause” on authorizing new LNG export requests isn’t having an impact, how do you respond to this?… Russia has overtaken the United States as the top exporter of natural gas to Europe. Why? Because the Europeans are scared to death they will run out of natgas promised by the U.S. Biden’s pause on new export authorizations has Europe scrambling to ensure their citizens don’t freeze to death next winter.