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Marcellus Drilling News
  • Anti-Drilling/Fossil Fuel | Energy Services | Industrywide Issues | Iroquois Gas Transmission | New York | Pipelines | Statewide NY

    Radicals Keep Pressure on NY Gov. Hochul to Block Iroquois Upgrade

    May 9, 2024May 9, 2024

    The odious and disgusting Food & Water Watch (FWW) organization (anti-fossil fuel fanatics) has taken point on the left’s effort to block Iroquois Gas Transmission’s plan to upgrade compressor stations in the Empire State. Iroquois’ Enhancement by Compression (ExC) project increases horsepower at three compression stations — two in New York and one in Connecticut — by an extra 125 MMcf/d, flowing more Marcellus/Utica gas into New York City and New England. Less than two weeks ago, FWW announced it had recruited 5,000 drones (no doubt paying some of them) to write comments against ExC in an effort to give New York’s weak Governor, Kathy Hochul, political cover to reject ExC (see Radicals Pressure NY Gov. Hochul to Block Iroquois Pipe Expansion). Here it is nine days later, and FWW has issued yet another press release updating the number of form letters from 5,000 to 8,000.
    Read More “Radicals Keep Pressure on NY Gov. Hochul to Block Iroquois Upgrade”

  • Industrywide Issues | Pennsylvania | Regulation | Statewide PA

    Post-Gazette Proposes Compromise on Who Pays to Plug Old Wells

    May 9, 2024May 9, 2024

    Two days ago, MDN brought you an extensive article from the Pittsburgh Post-Gazette that delves into the thorny issue of who should pay to plug some of the 200,000+ orphaned and abandoned wells in Pennsylvania (see The Thorny Issue of PA’s Old Conv. Wells & Who Pays to Plug Them). In some cases, the owners of the wells are known, but the current owner is not the original owner who drilled the well. New owners didn’t intend to take on the liability of paying to plug the wells and want the government (state or federal) to pay to have them plugged. The editors of the Post-Gazette published a follow-up editorial proposing a compromise on how to pay to have them plugged.
    Read More “Post-Gazette Proposes Compromise on Who Pays to Plug Old Wells”

  • Electrical Generation | Industrywide Issues | Regulation

    PJM Electric Grid Warns Biden EPA re Final Reg on Gas-Fired Plants

    May 9, 2024May 9, 2024

    The Bidenistas at the EPA attacked coal and gas-fired power plants in April, threatening to destabilize the existing electric power grid with new regulations (see EPA Rolls Out Final Regs Attacking Coal & Gas-Fired Power). Using 1,020 pages of new regulations, which will go into effect this year, all coal-fired plants that are slated to remain operational in the long term and all new gas-fired power plants will be required to control (capture) 90% of their carbon emissions using expensive and unproven technology. Translation: New gas-fired plants won’t get built, and most, if not all, coal plants will shutter, with the result that electricity will, by necessity, be rationed (see WSJ Calls Biden EPA Power Plant Regs a Plan to “Ration Electricity”). PJM Interconnection, the largest U.S. power grid operator, published a statement yesterday complimenting the EPA for making some changes but expressing deep concerns over key items the EPA refused to change.
    Read More “PJM Electric Grid Warns Biden EPA re Final Reg on Gas-Fired Plants”

  • Electrical Generation | Industrywide Issues | Regulation

    EPA’s Reg Attacking Coal- and Gas-Fired Power Won’t Survive

    May 9, 2024May 9, 2024

    In April, the Bidenistas at the EPA attacked coal and gas-fired power plants, threatening to destabilize the existing electric power grid (see EPA Rolls Out Final Regs Attacking Coal & Gas-Fired Power). This isn’t the first time the left has tried to do this. During the reign of Lord Obama, it was called the Clean Power Plan, which was blocked by the U.S. Supreme Court in 2016 and eventually overturned by the D.C. Circuit Court of Appeals in 2019 (see Obama’s “Signature” Climate Reg, Clean Power Plan, Finally Dead).
    Read More “EPA’s Reg Attacking Coal- and Gas-Fired Power Won’t Survive”

  • Industrywide Issues | Regulation

    Want to Tame Inflation? Make Fossil Energy Easier to Produce

    May 9, 2024May 9, 2024

    There is no mystery about why we are experiencing the highest inflation rates since 1981 (see historical inflation data below). One of the highest costs associated with any good or service is the cost of energy. Joe Biden and his gang of lefties have driven the cost of energy into the stratosphere since taking office, using a regulatory bludgeon to block the expansion of fossil energy. The Bidenistas use the false premise of man-made catastrophic global warming as their raison d’être — their justification — for blocking fossil energy. And yet China and India together produce 40% of the world’s CO2 emissions, while the U.S. produces just 12.6% of the world’s CO2 emissions. So please, don’t lecture us that removing a few more molecules of CO2 here in the U.S. makes one bit of difference when other countries like China and India constantly expand their output of CO2. The only result of the Bidenista’s quest to regulate fossil energy into oblivion is to skyrocket the cost of energy.
    Read More “Want to Tame Inflation? Make Fossil Energy Easier to Produce”

  • Best of the Rest

    Other Stories of Interest: Thu, May 9, 2024

    May 9, 2024May 9, 2024

    OTHER U.S. REGIONS: Vermont passes bill to charge fossil fuel companies for climate change; NATIONAL: GOP bill to keep Biden’s ‘hands off’ home appliances passes House; Exposing the lie that humans control the climate; INTERNATIONAL: Why Germany is choosing natural gas over nuclear power.
    Read More “Other Stories of Interest: Thu, May 9, 2024”

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

    Williams 1Q Revenue Up 8%, Replacing 112 Compressor Units

    May 8, 2024May 8, 2024

    Pipeline giant Williams, with major assets in the Marcellus/Utica and the owner of the mighty Transco pipeline that flows huge quantities of M-U gas south and southwest, issued its first quarter 2024 update yesterday. CEO Alan Armstrong said in prepared remarks that the company, which operates in just about every region of the country, has “20 high-return projects in execution across our business.” That’s 20 pipeline or storage projects of various kinds, many of them in the M-U region. The projects include “approximately 3.1 Bcf per day of expansion on Transco, which equates to a 15% increase in fully contracted long-term capacity that will be coming online over the next few years.” Transco current flows a maximum of 18.6 Bcf/d (billion cubic feet per day). It’s going to expand by another 3.1 Bcf/d!
    Read More “Williams 1Q Revenue Up 8%, Replacing 112 Compressor Units”

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

    PA Bill Cuts Off Impact Tax Revenue to Municipalities that Sue O&G

    May 8, 2024May 8, 2024

    Yes! It’s about time!! Pennsylvania State Senator Gene Yaw (Republican from Lycoming County) is about to introduce a new bill that will cut off millions of dollars in tax revenues that flow from shale drilling to any municipality (county, town, village, city) that launches a lawsuit against “Big Oil,” as recently happened with Bucks County, a Philadelphia suburb (see Bucks County, PA, Sues Big Oil for Causing “Climate Change”). The Democrat machine that controls Pittsburgh (i.e., Allegheny County) with an iron fist is also seriously considering a lawsuit against “Big Oil” (see CCI Tries to Tempt Allegheny County into Suing Oil & Gas Cos.). Enough! Yaw’s bill will cut off such municipalities from the revenue — millions of dollars — that they currently enjoy from the industry they are suing.
    Read More “PA Bill Cuts Off Impact Tax Revenue to Municipalities that Sue O&G”

  • Industrywide Issues | LDCs | M&A | Statewide WV | West Virginia

    WV’s Hope Gas Growing Again – Deal to Buy Consumers Gas Utility Co.

    May 8, 2024May 8, 2024

    Hope Gas, a large local utility company, provides gas service to more than 131,000 residential, industrial, and commercial customers in thirty-seven West Virginia counties. The company monitors and maintains over 7,000 miles of pipelines that safely deliver West Virginia natural gas to many homes and commercial and industrial sites. Hope employs over 450 employees, all working in WV. The company has been expanding like crazy, purchasing and integrating five companies over the past year. Yesterday, Hope announced a deal to buy a sixth company — Consumers Gas Utility Company — which will add another 8,500 customers to Hope’s growing natural gas customer base.
    Read More “WV’s Hope Gas Growing Again – Deal to Buy Consumers Gas Utility Co.”

  • Buckhannon County | ESG | Industrywide Issues | West Virginia | Zefiro/Plants & Goodwin

    Zefiro Chases Fed $$ to WV to Plug Orphan Wells, Issue Offsets

    May 8, 2024May 8, 2024

    One year ago, MDN told you about Zefiro Methane Corp., a private “methane offsets originator” headquartered in Vancouver, British Columbia, acquiring a majority ownership stake in Plants & Goodwin (P&G), an OFS and oil well-plugging company located in Bradford (McKean County), Pennsylvania, for an undisclosed sum (see Canadian Methane Offsets Co. Buys Northwest Pa. Well Plugging Co.). Zefiro and its P&G subsidiary announced yesterday they are establishing a second P&G facility in the Marcellus/Utica, this one in Buckhannon (Upshur County), West Virginia. Why? To chase $29 million of federal money now flowing to WV to plug orphan wells. Follow the money…
    Read More “Zefiro Chases Fed $$ to WV to Plug Orphan Wells, Issue Offsets”

  • Industrywide Issues | Research

    May STEO Predicts NatGas Production to Fall Slightly in 2Q

    May 8, 2024May 8, 2024

    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. We sometimes poke good-natured fun at the EIA because their predictions go up in one month, and in the next month, they go down, etc. What about the latest STEO dart board, published yesterday? EIA predicts the average spot price for natural gas will be $2.20/MMBtu in 2024, the same prediction as last month (see April STEO – U.S. Electric Use to Hit New Record High in 2024/25). However, the agency raised the average spot price prediction for gas in 2025. Last month, it was $2.90; this month, it’s $3.10. Hey, it’s moving in the right direction!
    Read More “May STEO Predicts NatGas Production to Fall Slightly in 2Q”

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

    9th Circuit Dismisses Fossil Fuel Lawsuit by Oregon Kids, Again

    May 8, 2024May 8, 2024

    In 2015, greedy lawyers, using a group of 21 Oregonian children, filed a lawsuit against the United States (President Obama at the time) for not doing enough about mythical man-made global warming. They were hoping for a quick “sue-and-settle” payday. Didn’t happen. The lawsuit eventually made its way to the U.S. Court of Appeals for the Ninth Circuit in 2019 (see Global Warming Lawsuit by Brainwashed Kids Begins at 9th Circus). After a number of twists and turns, including a refusal by the U.S. Supreme Court to intervene, the judges of the Ninth Circuit tossed the bogus lawsuit in 2020 (see 9th Circuit Throws Out Fossil Fuel Lawsuit by Brainwashed Kids). At least, that’s what everyone thought. Like some bad “B” zombie movie, the lawsuit was still percolating in the background, not dead yet, as we outlined earlier this year (see Zombies: Fossil Fuel Lawsuit by Oregon Kids Still Alive). Last week, the 9th Circuit killed it yet again.
    Read More “9th Circuit Dismisses Fossil Fuel Lawsuit by Oregon Kids, Again”

  • Industrywide Issues | Regulation

    What Happens to Energy Sector if Donald Trump Wins in November?

    May 8, 2024May 8, 2024

    The very short answer to the question posed in the title is, Very good things! Current polls have Trump winning over Biden. But it’s still way too early to believe the polls. Still, it gets one wondering what will happen in the energy sector if DJT wins reelection in November. The staff of Rigzone posed that question to the top brass at the Heritage Foundation and the American Enterprise Institute (two reliable, rational organizations) to get their take on the situation and the potential effects on the industry.
    Read More “What Happens to Energy Sector if Donald Trump Wins in November?”

  • Best of the Rest

    Other Stories of Interest: Wed, May 8, 2024

    May 8, 2024May 8, 2024

    MARCELLUS/UTICA REGION: Fetterman: ‘Of course, fracking is important’; NATIONAL: Kimmeridge plans to invest more in US LNG despite Biden; Maintenance disrupts U.S. LNG; Biden administration ever more delusional on energy; How will AI be applied to oil and gas?; Nearly 75 Democratic lawmakers support Biden’s LNG pause; INTERNATIONAL: Self-drilling oil wells to beat self-driving cars to market, SLB says; Lower oil volumes dent Aramco earnings.
    Read More “Other Stories of Interest: Wed, May 8, 2024”

  • Anti-Drilling/Fossil Fuel | Bradford County | CNG/LNG | Energy Services | Exporting | Industrywide Issues | New Fortress Energy | Pennsylvania | Trucking

    Northeast PA LNG Plant Lives! NFE Tells FERC Still Wants to Build

    May 7, 2024May 7, 2024

    Last year in March and then again in May, New Fortress Energy (NFE) confirmed to the Securities and Exchange Commission (SEC) that it plans to apply for updated permits to build an LNG export plant in landlocked northeastern Pennsylvania (see New Fortress Confirms Intent to Build Wyalusing LNG Export Plant). In June of last year was the last time we wrote about the Wyalusing (Bradford County), PA, project. We have GREAT news. In a pair of filings last week with the Federal Energy Regulatory Commission (FERC), NFE and its subsidiaries confirmed it still plans to build both the Wyalusing LNG export plant AND the docking facility in New Jersey along the Delaware River to load ships with the PA-produced LNG. NFE plans to truck the LNG from Wyalusing, PA, to Gibbstown, NJ. And that has antis up in arms.
    Read More “Northeast PA LNG Plant Lives! NFE Tells FERC Still Wants to Build”

  • Crude Oil | Energy Companies | EOG Resources | Industrywide Issues | Ohio | Statewide OH

    EOG Says Utica Oil Can ‘Compete with the Best Plays in America’

    May 7, 2024May 7, 2024

    EOG Resources, one of the largest oil and gas drillers in the U.S. (with international operations in Trinidad and China), owns a huge 430,000+ acres of leases in the Ohio Utica. EOG calls its position the “Ohio Utica combo play” and now considers it one of the company’s “premium plays.” EOG concentrates on oil drilling in the Utica. As part of the company’s first quarter 2024 update, Keith Trasko, Senior VP for Exploration and Production at EOG, said Utica wells “compete with the best plays in America, very comparable to the Permian on a production per foot basis.” Wow! High praise indeed. The Utica is the new Permian…we like the sound of that!
    Read More “EOG Says Utica Oil Can ‘Compete with the Best Plays in America’”

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