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Marcellus Drilling News
  • Electrical Generation | Industrywide Issues | Regulation

    Georgia PSC Approves 3 New Gas-Fired Power Plants Near Atlanta

    August 21, 2024August 21, 2024

    Yesterday, the Georgia Public Service Commission voted 5-0 to approve Georgia Power Co.’s plan to expand an existing power plant, called Plant Yates, by installing three new gas-fired units. Plant Yates is located on approximately 2,400 acres on the east bank of the Chattahoochee River in Coweta County, Georgia, southwest of Atlanta. Plant Yates originally operated seven coal-fired steam-generating units. Five of the units were retired in 2015 and the two largest units were converted from coal to natural gas and currently operate as a natural gas electric generation plant. Read More “Georgia PSC Approves 3 New Gas-Fired Power Plants Near Atlanta”

  • Electrical Generation | Industrywide Issues | Kentucky

    Gas Peaker Planned for Madisonville, KY to Aid Unreliable Renewables

    August 21, 2024August 21, 2024

    We have news of a second southern gas-fired power plant to share today. This one is tiny, a 75-megawatt peaker plant in Madisonville, Kentucky. The Kentucky Municipal Energy Agency (KYMEA) and the City of Madisonville recently announced the development of the KYMEA Energy Center I, a natural gas electric generating facility. The new facility, with four reciprocating internal combustion engine (RICE) generators, will be able to start up at a moment’s notice. The raison d’etre for the facility? To supplement unreliable renewable energy that can’t meet sudden increases in demand for electricity. Read More “Gas Peaker Planned for Madisonville, KY to Aid Unreliable Renewables”

  • Electrical Generation | Energy Companies | Energy Services | EQT Corp | Equitrans/EQT Midstream | Industrywide Issues | Pipelines | Transco | Williams

    Pipelines to the Rescue! Delivering M-U Gas to Va. & Carolinas

    August 21, 2024August 21, 2024

    Recently, we’ve told you about the coming demand for natural gas to generate electricity that data centers and artificial intelligence will need (see Big Midstream Companies Eye Data Center/AI Market for New Pipes). The left’s answer for increased power demand is to kill new data centers and ban AI (see Leftists Argue for Ban on AI Because It Uses Too Much Electricity). Here in the real world, more electricity will soon be needed in Virginia and the Carolinas for a plethora of new projects in the works. Two pipelines that flow Marcellus/Utica molecules are working hard to meet the need: Mountain Valley Pipeline (MVP), now owned by EQT, and Transco (Transcontinental Gas Pipe Line), owned by Williams. Read More “Pipelines to the Rescue! Delivering M-U Gas to Va. & Carolinas”

  • Commodity Price | Coterra Energy (Cabot O&G) | Energy Companies | EQT Corp | Industrywide Issues

    Low Prices Prompt “Fresh Cutbacks” in NatGas Production Says WSJ

    August 21, 2024August 21, 2024

    Despite one of the hottest summers on record, natural gas prices are in the crapper. The abysmal price situation is causing big drillers in the Marcellus/Utica, like EQT and Coterra, to cut back even further on natural gas production, according to an article in the Wall Street Journal. Coterra CEO Tom Jorden recently told investors that “gas markets are oversupplied,” and his company will trim production by an extra 325 MMcf/d (see Coterra 2Q – Trimming Another 325 MMcf/d of Marcellus Gas).
    Read More “Low Prices Prompt “Fresh Cutbacks” in NatGas Production Says WSJ”

  • Anti-Drilling/Fossil Fuel | Bucks County | Industrywide Issues | Litigation | Pennsylvania

    Bucks County, PA Lawsuit Against Big Oil Violated Transparency Law

    August 21, 2024August 21, 2024

    In March, we reported that two Democrats and one anti-drilling RINO who run Bucks County, PA government (a Philadelphia suburb) fell for the bait by Big Green and filed a lawsuit against Big Oil companies for supposedly, knowingly, causing the Earth to toast to a cinder (see Bucks County, PA, Sues Big Oil for Causing “Climate Change”). The lawsuit seemingly came out of nowhere. It was hatched secretly by green groups, including the Center for Climate Integrity (CCI) – a Rockefeller-funded D.C. activist group. There were no public meetings. No public input. No public announcements. It was completely hush-hush, with a total media blackout until the lawsuit was filed. The oil companies being sued have just asked the court to dismiss the lawsuit because the county violated Pennsylvania’s Sunshine Act, which requires such a measure to be discussed and voted on in a public meeting. Read More “Bucks County, PA Lawsuit Against Big Oil Violated Transparency Law”

  • Best of the Rest

    Other Stories of Interest: Wed, Aug 21, 2024

    August 21, 2024August 21, 2024

    OTHER U.S. REGIONS: Refrigeration wars in New York; NATIONAL: Anti-oil groups spend big to boost Harris campaign; Top Kamala surrogate says Green New Deal will happen under Harris; American natural gas is America’s clean energy standard; DOT proposes fee to review expensive LNG projects; INTERNATIONAL: Santos says natural gas demand will remain strong after 2050; Oil slips amid Gaza talks and demand outlook fears. Read More “Other Stories of Interest: Wed, Aug 21, 2024”

  • Encino Energy | Energy Companies | Guernsey County | Lease & Royalty Payments | Ohio

    Encino Signs 2nd Lease with Cambridge, OH City School

    August 20, 2024August 20, 2024

    We spotted news that the Cambridge City School District (in Guernsey County, Ohio) has signed a second lease with Encino Energy (EAP Ohio LLC) to allow shale drilling under 4.8 acres. The first lease (which we missed) was signed in February of this year, allowing Encino to drill under 182 acres. The land is located along Wills Creek Valley Drive, often called the main campus. EGADS! Drilling *under* little chil’ren? Monstrous! (That’s sarcasm, folks. We know of other wells drilled directly next to schools in PA, with zero health and safety effects on the kiddies.)
    Read More “Encino Signs 2nd Lease with Cambridge, OH City School”

  • Diversified Energy | Energy Companies | Statewide WV | West Virginia

    Diversified Saves Big Money Retiring Its Own Older Wells

    August 20, 2024August 22, 2024

    In late 2021, Diversified Energy (formerly Diversified Gas & Oil) announced it had purchased Next LVL Energy, a well-plugging company that concentrates on plugging mainly old conventional oil and gas wells in Appalachia (see Diversified Energy Buys Well-Plugging Co. Next LVL Energy). Next LVL was headquartered in the Pittsburgh region. In early 2023, Diversified moved Next LVL to a brand new headquarters in Bridgeport, WV (see Diversified’s Next LVL Energy Moves Headquarters from PA to WV). Since then, Diversified has grown the subsidiary. In 2023, Next LVL retired over 400 wells!
    Read More “Diversified Saves Big Money Retiring Its Own Older Wells”

  • ESG | Industrywide Issues | LDCs

    Georgia Natural Gas Claims Customers Blocked 500 Million Lbs of CO2

    August 20, 2024August 20, 2024

    According to an announcement from Georgia Natural Gas (GNG), the utility company’s “Greener Life” program, which helps customers make their natural gas usage carbon neutral, has reached a new milestone of 500 million pounds of carbon emissions offset from the atmosphere. That amount is equivalent to taking over 50,000 cars off the road for a year. GNG buys natural gas from producers (in the Marcellus/Utica) that certify their gas as low-emissions using the MiQ protocol.
    Read More “Georgia Natural Gas Claims Customers Blocked 500 Million Lbs of CO2”

  • Anti-Drilling/Fossil Fuel | Electrical Generation | Industrywide Issues

    Leftists Argue for Ban on AI Because It Uses Too Much Electricity

    August 20, 2024August 20, 2024

    For a leftist, the glass is always half empty, and the pie is always a fixed size. Conservatives, on the other hand, believe in human ingenuity and the American spirit of bigger and better and can-do and let’s get it done. It’s a stark contrast. Here’s the perfect example. Big pipeline companies and others are touting the coming rapid expansion in data centers due to artificial intelligence (AI). Instead of this being good news — the prospect of helping humans make new leaps in technology and breakthroughs in medicine and other sectors — leftists view AI expansion as a threat because it will use more electricity…electricity generated by dirty, evil fossil fuels.
    Read More “Leftists Argue for Ban on AI Because It Uses Too Much Electricity”

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

    Antis Launch Satellite to Detect CO2 & Methane Emissions

    August 20, 2024August 20, 2024
    Tanager-1

    On Friday, the Tanager-1 methane and carbon dioxide (CO2) sniffing satellite launched from California. Tanager-1 can detect major emitters of CO2 and methane. It was created by a coalition involving Carbon Mapper, Planet Labs, and NASA’s Jet Propulsion Laboratory, with funding from groups such as Mike Bloomberg and the Children’s Investment Fund Foundation. Yeah, your contributions to the Children’s Fund literally went up in smoke to help pay for a satellite (instead of for worthy causes like kids fighting cancer in hospitals). But here’s the thing: If it’s operated honestly, this satellite is going to find the biggest emitters of CO2 and methane are not oil and gas operations but landfills. Read More “Antis Launch Satellite to Detect CO2 & Methane Emissions”

  • Industrywide Issues | Research

    EY Study Shows Oil & Gas Industry “Resilient” and “Profitable”

    August 20, 2024August 20, 2024

    Powerhouse consulting and accounting firm Ernst & Young (EY) has just published its annual study, “US Oil and Gas Reserves, Production and ESG Benchmarking Study” (full copy below). The EY study reveals an industry with “remarkable resilience and financial performance” despite facing a challenging economic landscape in 2023. The study, which examines the 50 largest publicly traded exploration and production (E&P) companies, highlights the industry’s ability to navigate price fluctuations and maintain a trajectory of growth and profitability. Read More “EY Study Shows Oil & Gas Industry “Resilient” and “Profitable””

  • Anti-Drilling/Fossil Fuel | Industrywide Issues | New York | Regulation | Statewide NY | Taxation

    Lunatic NY Lawmakers Pressure Gov to Sign Bill Charging O&G $75B

    August 20, 2024August 20, 2024

    We’re forced to report on a bill in New York State that is so stupid, it’s beyond words. We’ll do our best. The Democrats in the NY legislature passed a bill earlier this year that would create a “superfund” (big old pot of money) to be fed by slapping an illegal tax/fee on oil and gas corporations. The fee is to “pay back” the state for causing mythical global warming. (Create a mythical problem out of nothing, then create a faux cause of that problem — burning fossil fuels — in order to justify shaking down specific companies.) The NY bill would extract an astonishing $75 billion over the next 25 years — roughly $3 billion a year. It will never happen (never work) because O&G companies will fight it in court for years to come, but perhaps that is the point: to tie up O&G in court and encourage them to leave the state. You see, NY is closed for business. Read More “Lunatic NY Lawmakers Pressure Gov to Sign Bill Charging O&G $75B”

  • Best of the Rest

    Other Stories of Interest: Tue, Aug 20, 2024

    August 20, 2024August 20, 2024

    OTHER U.S. REGIONS: Endeavor Energy founder passes away; NATIONAL: BMI reveals latest Henry Hub gas price projections; The Heritage Foundation talks oil prices; Storing solidified natural gas in seawater; Harris-Walz are oblivious that US economy cannot exist without crude oil; INTERNATIONAL: Oil falls amid softening demand outlook; Asia Pacific’s record coal use makes Western sacrifice pointless.
    Read More “Other Stories of Interest: Tue, Aug 20, 2024”

  • Industrywide Issues | Litigation | Pipelines | Regulation

    INGAA Prevails in PHMSA Lawsuit, New Biden Pipeline Regs Tossed

    August 19, 2024August 19, 2024

    In May 2023, the Dept. of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) issued a proposed new rule that would slap onerous and very expensive new requirements on pretty much all natural gas pipelines in the country, including 2.7 million miles of gas transmission, distribution, and gathering pipelines; 400+ underground natural gas storage facilities; and 165 liquefied natural gas facilities (see Biden DOT Issues New Partisan Methane Rules for All Gas Pipelines). The country’s top trade organizations representing the midstream (pipeline) industry filed comments pointing out major flaws in the new rule (see Major Pipeline Associations File Comments Against New PHMSA Regs). One of those organizations, the Interstate Natural Gas Association of America (INGAA), filed a lawsuit last December in federal court challenging the new rule (see INGAA Files Lawsuit Challenging PHMSA’s New Pipeline Safety Regs).
    Read More “INGAA Prevails in PHMSA Lawsuit, New Biden Pipeline Regs Tossed”

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

    Antis Ignored by Bidenistas at ARCH2 Hydrogen Hub Briefing

    August 19, 2024August 19, 2024

    Have you ever noticed how anti-drilling leftists demand the right to mouth off whenever and wherever they want? If you deny them that opportunity, they get grumpy, fast. Last Friday, representatives from the U.S. Dept. of Energy and private company Allegheny Science and Technology (coordinating the Appalachian Regional Clean Hydrogen Hub, or ARCH2) held a virtual briefing about the ARCH2 project. So-called concerns and questions were not addressed until 40 minutes into the briefing, and then, only about 10 of the hundreds of questions antis flooded the call with got addressed. That ticked off the antis.
    Read More “Antis Ignored by Bidenistas at ARCH2 Hydrogen Hub Briefing”

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