PA Legislature Releases Report Comparing NatGas Taxes in 5 States
Pennsylvania’s Democrat Party is hellbent on driving the Marcellus Shale industry out of the state. They have been for years. That’s just a truthful observation and beyond dispute. One year ago, the Dems in the PA House passed a resolution by a single vote that directs the Legislative Budget and Finance Committee (LBFC) to “study” Pennsylvania’s revenue from the oil and gas industry, comparing it with the top five states for natural gas production in the U.S. (see PA House Votes 102-101 to Study Marcellus-Busting Severance Tax). The purpose of the study is to justify adding a new severance tax to the existing impact fee/tax. The report took a year to produce but was finally released on Wednesday.
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In March, MDN told you that the Pennsylvania Dept. of Environmental Protection (DEP) told Shell to file for a Title V air permit for its ethane cracker in Monaca no later than June 21 of this year or risk being shut down (see 
A little over a year ago, MDN told you that (at that time) that two Marcellus/Utica drillers — Seneca Resources and Northeast Natural Energy (NNE) — had joined CG Hub, the world’s first commodities trading platform focused exclusively on certified natural gas and certified natural gas certificates (see 
BKV Corporation (BKV), a driller in both the Pennsylvania Marcellus and Texas Barnett shale plays (majority-owned by Banpu, Thailand’s largest coal company), announced yesterday that it has signed a contract for the sale and purchase of Carbon Sequestered Gas (CSG) with Kiewit Corporation, one of North America’s largest construction and engineering companies. According to the press release, CSG is “a revolutionary, innovative, natural gas product that is Scope 1, 2 and 3 carbon-neutral, effectively mitigating the environmental impact of natural gas consumption.” Most, if not all, of the gas being labeled and sold by BKV as CSG comes from the company’s Barnett operation. However, BKV’s story has implications for all drillers, including drillers in the Marcellus/Utica.
On Wednesday, the International Gas Union (IGU) released its 15th annual 2024 World LNG Report, the world’s most comprehensive public source of information on key developments and trends in the LNG sector (full copy below). According to the report, the global liquefied natural gas (LNG) market has a newfound but fragile equilibrium. The global LNG trade reached a record level of 401.42 million metric tons in 2023, growing by 2.1% or 8.4 million tons from the previous year. However, the pace of growth decreased last year over the previous year. Why? Not enough LNG supply to meet worldwide demand.
Yesterday, the Federal Energy Regulatory Commission (FERC) issued a decision to approve Venture Global’s plan to build a second Calcasieu Pass LNG export plant called CP2 LNG. The vote was 2 to 1, with a predictable negative vote by the outgoing Allison Clements (former attorney for the radicalized organization National Resources Defense Council). Venture Global’s existing Calcasieu Pass LNG facility can liquefy and export 10 million metric tonnes per annum (MTPA) of LNG. The CP2 project will be twice as large and will be able to export 20 MTPA (with a peak capacity of approximately 24 MTPA). Huge! But there’s a problem…
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We’re picking up the thread of a story we last reported on in 2021. In July 2019, MDN told you about New Jersey-based Omni Energy Group and their application to build two new injection wells near St. Clairsville (see 
A bill proposed by two Republican state lawmakers in Ohio, House Bill (HB) 349, makes it easier to site and build natural gas pipelines to areas of the state where pipelines currently don’t exist (see 
Last week, MDN brought you the news that the Pennsylvania Public Utility Commission (PUC) is now distributing money raised by the shale impact fee (PA’s version of a severance tax) from 2023 to municipalities and government agencies (see 
Two days ago, MDN brought you the list of the Top 100 private oil and gas producers in the Lower 48 states, which includes four Marcellus/Utica drillers in the Top 10 (see 
Hey Citizens for Responsibility and Ethics in Washington (CREW), why have you not launched a complaint against Joe Biden for the OVERT quid pro quo involving First Solar? The company donated at least $2 million to Democrats in 2020, including $1.5 million to Biden’s election campaign. The company subsequently received a promise of $10+ BILLION in government money from the misnamed Inflation Reduction Act (IRA). Yet you (CREW) launched a complaint against Donald Trump for allegedly seeking campaign contributions from the oil and gas industry (see