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Marcellus Drilling News
  • Anti-Drilling/Fossil Fuel | Energy Services | Equitrans/EQT Midstream | Industrywide Issues | Montgomery County | Pipelines | Virginia

    Antis Try to Smear MVP with Misleading “Second Water Rupture” Story

    June 26, 2024June 26, 2024

    We previously reported that a section of the 303-mile Mountain Valley Pipeline (MVP) in Roanoke County, Virginia, ruptured during a water test in early May (see Section of MVP Ruptures Near Roanoke Under Water Pressure Test). Pressure testing is done using water before a new natgas pipeline is brought online. Water is pumped through the pipeline at pressures far exceeding what the pipeline is rated for. Equitrans, the builder, replaced the ruptured section of pipe and tested it again before bringing the system online. Imagine our surprise and disappointment to learn from mainstream media there was a second rupture before the pipeline came online. Except, there wasn’t. But you wouldn’t know that from the headlines of the stories circulating yesterday and today.
    Read More “Antis Try to Smear MVP with Misleading “Second Water Rupture” Story”

  • Energy Companies | Industrywide Issues | Lycoming County | Pennsylvania | Pennsylvania General Energy | Pipelines | Regulation

    PA DEP to Host Virtual Hearing for Lycoming County Gathering Pipe

    June 26, 2024June 26, 2024

    Last week, MDN told you that two Big Green groups in Pennsylvania, Trout Unlimited and the Mid State Trail Association, are attempting to block a project by Pennsylvania General Energy (PGE) to install a tiny 3.7-mile gathering pipeline to connect several PGE wells to the Transco pipeline system, along with two 8-inch water pipelines of about the same length, in Lycoming County (see Lycoming County Gathering Pipe in the Crosshairs of Anti Groups). The aim is to block the pipelines from being built (and consequently block shale wells from being drilled) on state-owned land by forcing a longer, much more expensive route. The groups and their minions made enough noise that the PA Dept. of Environmental Protection (DEP) is going to hold a virtual hearing on the plan on July 2 at 6 p.m.
    Read More “PA DEP to Host Virtual Hearing for Lycoming County Gathering Pipe”

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

    Republicans Say PA Gov. Shapiro’s Proposed Carbon Tax is Dead

    June 26, 2024June 26, 2024

    In March, Pennsylvania Gov. Josh Shapiro traveled to Scranton, PA, to announce a proposal to “immediately pull Pennsylvania out of a multi-state carbon cap-and-trade program” (the so-called Regional Greenhouse Gas Initiative, or RGGI) and instead enroll PA in its very own RGGI-like carbon tax program (see PA Gov. Shapiro Proposes Own Version of Marcellus-Killing Carbon Tax). Same end result: It would kill Marcellus-fired power plants in the state, forcing them to close and relocate to West Virginia and Ohio, states that don’t engage in the lunacy of taxing carbon emissions from power plants. Here’s a spot of good news: With less than a week before the June 30 budget deadline, Republican sources tell the Delaware Valley Journal there are no plans for hearings or votes on Shapiro’s crazy carbon tax plan. Whew. We dodged another bullet.
    Read More “Republicans Say PA Gov. Shapiro’s Proposed Carbon Tax is Dead”

  • Energy Companies | EQT Corp | ESG | Industrywide Issues

    EQT 2023 ESG Report Titled “Unlimited Potential” Touts NatGas

    June 26, 2024June 26, 2024
    click for larger version

    EQT Corporation continues to be the #1 highest-producing natural gas driller in the U.S. — at least for now, until Chesapeake Energy merges with Southwestern Energy to eclipse EQT as the #1 driller. But for now, it’s EQT. Yesterday, EQT released its 2023 Environmental, Social, and Governance (ESG) report, titled “Unlimited Potential.” Among the noteworthy achievements from 2023, EQT reduced its so-called Scope 1 methane emissions intensity to barely detectable levels. EQT remains on track to achieve mythical “net zero” Scope 1 and Scope 2 greenhouse gas emissions (methane and carbon dioxide) by 2025.
    Read More “EQT 2023 ESG Report Titled “Unlimited Potential” Touts NatGas”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues | Regulation

    Only 2 Mass. GOP Senators Voted Against Bill that Destroys NatGas

    June 26, 2024June 26, 2024

    Yesterday, the Massachusetts State Senate voted to have the state jump into the energy abyss. They voted in favor of blackouts and brownouts by banning the use of natural gas — coming in the next five years. It boggles the mind. Their vote (if confirmed by the House, which is a given) will destroy thousands of jobs related to the natural gas industry in the Bay State. You know, we don’t feel a bit sorry for the people living in Massachusetts for the energy Armageddon they are about to experience. Of note, there were two patriots who voted against this insanity: Republican Sens. Peter Durant of Spencer and Ryan “Paul Revere” Fattman of Sutton.
    Read More “Only 2 Mass. GOP Senators Voted Against Bill that Destroys NatGas”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues

    LibDem NGO Files Complaint Against Trump for Mtg with Big Oil

    June 26, 2024June 26, 2024

    As we reported in May, former President Donald J. Trump met with oil and gas industry members in April at his Mar-a-Lago estate (see Trump Promises to Undo Biden Regs if O&G Raises $1B for Campaign). According to snitches at the event, after one of the O&G big whigs complained about Biden’s constant attacks on the fossil fuel industry, DJT made them all a deal: Raise $1 billion for his reelection campaign and on “Day One” of a new term, he will set about fixing the damage done by Biden to the industry. Which sounds like a good deal to us! We predicted desperate Bidenistas would try to make a big deal out of it. And they are…
    Read More “LibDem NGO Files Complaint Against Trump for Mtg with Big Oil”

  • Best of the Rest

    Other Stories of Interest: Wed, Jun 26, 2024

    June 26, 2024June 26, 2024

    OTHER U.S. REGIONS: Argent LNG developing 20 MTPA facility in Lafourche, LA; Texas natural gas prices turn negative even amid heat wave; NATIONAL: Hess CEO joins Goldman Sachs board as independent director; To make progress on climate, Dems must partner with natgas; INTERNATIONAL: Russian oil and gas revenues surge by 50% in June.
    Read More “Other Stories of Interest: Wed, Jun 26, 2024”

  • CNG/LNG | Electrical Generation | Industrywide Issues

    Boston Mystic Gas-Fired Power Shuttered, but LNG Imports Continue

    June 25, 2024June 25, 2024
    Everett Marine Terminal

    On May 31, Constellation Energy shut down and permanently retired the natural gas-fired Mystic Generating Station it owned and operated in Charlestown, Massachusetts, on the north side of Boston. Mystic was one of the oldest U.S. electric power plants still in operation. The plant was fed by natural gas from another facility owned by Constellation, the nearby Everett LNG import terminal. At one time, Everett was also in danger of closing when Mystic closed. However, Everett was given a six-year reprieve due to a contract to supply natural gas to several utility companies.
    Read More “Boston Mystic Gas-Fired Power Shuttered, but LNG Imports Continue”

  • Ascent Resources | BKV/Banpu | Encino Energy | Energy Companies | Hilcorp Energy

    4 M-U Drillers in Top 10 (of Top 100) Private Oil & Gas Producers

    June 25, 2024June 25, 2024

    Who doesn’t love a good Top 10 (or, in this case, Top 100) list? Yesterday, Hart Energy published a list of the Top 100 private oil and gas producers in the Lower 48 states. The list is based on information provided by Enverus and Oil and Gas Investor. The article’s point was to call attention to the dramatic change in the list given the consolidation (mergers and acquisitions) over the past 18 months — changes which are “reshaping the landscape,” according to Hart Energy. When perusing the list, the first thing we noticed is that four of the Top 10 in the list of Top 100 are major gas and oil producers operating in the Marcellus/Utica.
    Read More “4 M-U Drillers in Top 10 (of Top 100) Private Oil & Gas Producers”

  • Commodity Price | Industrywide Issues | Storage | Weather

    Even with High Temps, NatGas Prices Remain Low Due to Inventory

    June 25, 2024June 25, 2024

    Last Friday, Morningstar DBRS published a commentary titled, “Record-High Temperatures Boost Power Demand but Ample Gas Inventories Prevent a Bigger Jump in Prices” (full copy below). Since early March, U.S. and European natural gas prices have climbed steadily in the anticipation — and eventual onset — of much warmer than normal early summer temperatures even as producers curbed supply to contend with the glut built up during the past mild winter. Although U.S. and European gas storage inventories have been drawn down from early 2024, they remain high for this time of year. Large inventories are preventing prices from moving higher, says Morningstar analysts. It’s classic economics — more supply with the same demand equals lower prices.
    Read More “Even with High Temps, NatGas Prices Remain Low Due to Inventory”

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

    PennFuture Report Prods PA DCED to Divest from Fossil Energy

    June 25, 2024June 25, 2024

    The radicals at the tax-exempt (extremely partisan) PennFuture organization have arrogantly proffered a report with policy recommendations for the Pennsylvania Department of Community and Economic Development (DCED), lecturing DCED on how it should “reshape the Commonwealth’s strategic collaborations” with public and private partners. And what does this reshaping look like? Defund any efforts that benefit the oil and gas industry in the state (responsible for billions in revenue and hundreds of thousands of jobs) and instead invest in “clean energy” (unreliable wind and solar) and “energy efficiency” (tell PA citizens to turn the thermostat up in the summer, down in the winter, while trying to convince them they love it).
    Read More “PennFuture Report Prods PA DCED to Divest from Fossil Energy”

  • Commodity Price | Ethane | Industrywide Issues | NGLs

    Price for Ethane Dips Below NatGas for First Time in 2024

    June 25, 2024June 25, 2024
    Ethane molecule (C2H6)

    Ethane is an interesting NGL (natural gas liquid). It’s one of the compounds that comes out of the ground as a gas along with methane. Ethane gas can be liquefied under pressure or at reduced temperatures and separated from methane (natural gas). However, liquefied ethane is not burned, like another NGL called propane. Instead, liquefied ethane is used as a feedstock in big cracker plants like the Shell cracker in Monaca, PA. The ethane is “cracked” and turned into plastics. However, if the price ethane fetches is lower than the cost of methane, the ethane gas is left in the methane gas stream and burned along with methane (called “rejection”). The analysts at RBN Energy have noticed that the price of ethane is now below the price of natgas and theorize more ethane rejection (leaving it in the methane stream) may be on the way.
    Read More “Price for Ethane Dips Below NatGas for First Time in 2024”

  • Industrywide Issues | Regulation

    Bidenistas at DOE, EPA Announce $850 Million in Methane Bribes

    June 25, 2024June 25, 2024

    Last Friday, the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy (DOE) announced that applications are open for $850 million in federal funding “for projects that will help monitor, measure, quantify and reduce methane emissions from the oil and gas sectors as part of President Biden’s Investing in America agenda.” The funding, to be taken from the misnamed Inflation Reduction Act (IRA), aims to force small operators to significantly reduce methane emissions from oil and natural gas operations. Essentially, it is a massive bribe to vote for Biden in November. Companies that get in on the gravy train will vote for (and donate to) the Democrat Party. That’s how it works in the disgusting swamp called D.C.
    Read More “Bidenistas at DOE, EPA Announce $850 Million in Methane Bribes”

  • Best of the Rest

    Other Stories of Interest: Tue, Jun 25, 2024

    June 25, 2024June 25, 2024

    NATIONAL: Top RFK Jr. aide is Soros-linked climate activist; Supreme Court to hear NEPA oil case; OPEC’s trillion-dollar bet against U.S. shale; If the elite really cared about humanity, they wouldn’t ban fossil fuels; We must continue to adjust to climate change – and not kill billions; INTERNATIONAL: Oil climbed on geopolitical risks and weaker dollar; LNG not displacing coal in China’s energy transition; Herb Pinder – The future is natural gas; Why Asia’s carbon emissions are erasing Western progress.
    Read More “Other Stories of Interest: Tue, Jun 25, 2024”

  • Electrical Generation | Energy Companies | Energy Services | Energy Transfer Partners | EQT Corp | Industrywide Issues

    M-U Drillers Excited About Growing Demand from Nearby Data Centers

    June 24, 2024June 24, 2024
    data center

    Just last week, MDN brought you the news about a new report from Aurora Energy Research that predicts new electricity demand from data centers in northern Virginia could (likely will) hit 15 gigawatts (GW) by 2030 (see Report Says Va. Data Center Growth Needs 15 GW of Gas-Fired Power). According to Aurora, wind and solar won’t cut it if PJM needs to add another 15 GW of electricity to its grid over the next five years. Those technologies aren’t mature and scalable enough to meet the demand. The answer to increasing the electricity supply is natural gas, which has drillers and midstreamers in the M-U jazzed.
    Read More “M-U Drillers Excited About Growing Demand from Nearby Data Centers”

  • Energy Services | Equitrans/EQT Midstream | Industrywide Issues | North Carolina | Pipelines | Virginia

    Radical Left Signals New Focus to Block MVP Southgate Project

    June 24, 2024June 24, 2024

    They lost, and we won for the 303-mile Mountain Valley Pipeline (MVP) project. “They” means the radical environmental left (nutters who irrationally hate all fossil energy, including natural gas), and “us” means those who support the common sense use of fossil energy and projects like MVP. According to the left, the next battleground is to block the construction of an extension of MVP called Southgate. The left will always tell you what they are planning. You only have to listen and have the courage to believe them.
    Read More “Radical Left Signals New Focus to Block MVP Southgate Project”

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