EPA’s Reg Attacking Coal- and Gas-Fired Power Won’t Survive
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).
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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.
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.
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!
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 
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.
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 
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 
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.
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 
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!
Southwestern Energy, with major assets in the Marcellus/Utica and Louisiana Haynesville, issued its first quarter update last week. You may recall that Southwestern agreed earlier this year to a deal to be acquired by and merged into Chesapeake Energy (see 
Two more tracts of Ohio public lands designated as “wildlife areas” have been nominated by shale companies to be drilled and fracked under (not on), which has the anti-fossil fuel group Save Ohio Parks up in arms. The tagline for Save Ohio Parks is “No fracking on public lands.” The thing is, there isn’t any fracking on public lands in Ohio. It’s UNDER, not ON. Well pads and equipment would be erected on PRIVATE land adjacent to the public land. There is no disturbance of any kind on top of Ohio’s public lands. The new parcels nominated include 84 acres in the Keen Wildlife Area in Washington Township (Harrison County). A second parcel of 30 acres has also been nominated for the Egypt Valley Wildlife Area in Flushing Township (Belmont County).
According to a new article by the Pittsburgh Post-Gazette, abandoned oil and gas wells can be found “everywhere” in Pennsylvania. An influx of new federal funding gives the state Dept. of Environmental Protection (DEP) new urgency in finding and plugging them. However, it is the thorny issue of who pays or should pay when the owner is known that caught our attention. In some cases, producers (and speculators) buy leases and land, knowing that new drilling (in particular shale drilling) may one day happen on the property, but the new owners didn’t sign up for the financial responsibility to plug old/existing wells on the property. Should they (instead of taxpayers) be on the hook to pay?