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Marcellus Drilling News
  • Anti-Drilling/Fossil Fuel | Enbridge | Energy Services | Industrywide Issues | Pipelines

    Radicals DEMAND Northeast Governors Oppose Enbridge Pipe Project

    January 26, 2024January 26, 2024

    The Algonquin Gas Transmission pipeline (owned by Enbridge) transports up to 3.09 Bcf/d through 1,131 miles of pipeline. Algonquin connects to Texas Eastern Transmission (TETCO), Millennium Pipeline, and Maritimes & Northeast Pipeline and supplies New England with critically needed natural gas supplies for power generation and consumer use. As we told you in September, Enbridge conducted an open season to gauge interest in expanding Algonquin’s capacity to flow more gas into New England — mainly from the Marcellus/Utica — called Project Maple (see Enbridge Open Season to Expand Algonquin Pipe in New England). A coalition of “90 environmental organizations” (many of them one- or two-person operations) sent letters to the governors of the New England states and New York State last week demanding (they always demand) that the governors publicly oppose Project Maple.
    Read More “Radicals DEMAND Northeast Governors Oppose Enbridge Pipe Project”

  • ESG | Industrywide Issues

    ESG Investment Funds Crashing & Burning – $5.1B Gone in U.S. 4Q

    January 26, 2024January 26, 2024

    Amid all the bad news of the constant attacks by the Bidenistas against fossil energy (see today’s lead story about Biden attacking LNG), here is a story to warm your heart on a cold January day. So-called ESG funds set up to invest in companies that proclaim fealty to Environment, Social, and Governance (ESG) practices are crashing and burning at a rapid pace. In the fourth quarter of 2023, U.S. fund clients withdrew a net $5.1 billion from ESG funds.
    Read More “ESG Investment Funds Crashing & Burning – $5.1B Gone in U.S. 4Q”

  • Best of the Rest

    Other Stories of Interest: Fri, Jan 26, 2024

    January 26, 2024January 26, 2024

    OTHER U.S. REGIONS: Rob L. Jones elected board chair of Spire Inc.; NATIONAL: Three dozen climate models have ALL failed in predicting warming; Fossil fuels (not renewables) remain real engine for economic growth; Natural gas production fell unevenly during recent winter freeze; INTERNATIONAL: Energy info has never mattered more, it’s time to reform IEA.
    Read More “Other Stories of Interest: Fri, Jan 26, 2024”

  • Diversified Energy | Energy Companies

    Activist Investor Attacks Diversified, Tries (Fails) to Tank Stock

    January 25, 2024January 25, 2024
    click for larger version

    Ever heard of short selling? It’s a trading strategy of speculating on a stock’s decline in price. According to Investopedia, “In short selling, a position is opened by borrowing shares of a stock, bond, or other asset that the investor believes will decrease in value. The investor then sells these borrowed shares to buyers willing to pay the market price. Before the borrowed shares must be returned, the trader is betting that the price will continue to decline and they can purchase the shares at a lower cost.” A so-called activist investor (we call them corporate raiders) in London called Snowcap Research bought (or borrowed) shares of Diversified Energy’s stock and then issued a 39-page screed claiming Diversified won’t be able to plug the wells it owns and will likely cut its dividend within 12 months. The screed is aimed at forcing the price of Diversified’s stock down so Snowcap can make a profit.
    Read More “Activist Investor Attacks Diversified, Tries (Fails) to Tank Stock”

  • Anti-Drilling/Fossil Fuel | CNG/LNG | Exporting | Industrywide Issues | Regulation

    Biden Attacks NatGas by Blocking 17 U.S. LNG Export Terminals

    January 25, 2024January 25, 2024

    Two weeks ago, MDN warned you that the Bidenistas were conducting a secret “review,” being led by the Department of Energy (DOE), to evaluate whether regulators should consider mythical “climate change” when deciding whether a proposed natural gas export project meets “the national interest” (see Bidenistas Look to Block Authorization of New LNG Export Projects). It is a prelude to introducing new guidelines that will block the approval of ANY new LNG export project. It’s now happened. The DOE is about to announce it will delay the approval of Calcasieu Pass 2 while considering so-called global warming considerations. The pattern is: delay, then deny, then defend the denial.
    Read More “Biden Attacks NatGas by Blocking 17 U.S. LNG Export Terminals”

  • Industrywide Issues | McKean County | Pennsylvania | Regulation | Wastewater

    PA DEP Approves Shale Wastewater Injection Well in McKean County

    January 25, 2024January 25, 2024

    Here’s a story that escaped our radar…until now. Catalyst Energy, Inc., proposes converting an existing gas production well on Route 646 in Cyclone (Keating Township in McKean County, PA) into a shale wastewater injection well. The well would handle up to 30 truckloads of wastewater per day. The prospect of the traffic and location near some homes did not sit well with some local residents. However, the PA Dept. of Environmental Protection (DEP) approved the plan on Jan. 11, although it didn’t publicly announce the approval until Tuesday, Jan. 23.
    Read More “PA DEP Approves Shale Wastewater Injection Well in McKean County”

  • American Water Management | Energy Services | Industrywide Issues | Litigation | Ohio | Regulation | Trumbull County | Wastewater

    OH Supremes Revive Lawsuit Against ODNR for Closing Injection Well

    January 25, 2024January 25, 2024

    Here’s a story we haven’t written about in over three years. American Water Management Services (AWMS) owns a wastewater injection well in Trumbull County that supposedly caused a low-level earthquake (that nobody could feel) in 2014. Actually, there are two injection wells located at the site, both operated by AWMS. They were both “temporarily” shut down by the Ohio Dept. of Natural Resources following the quake nobody could feel (see ODNR Temporarily Shuts Down Injection Wells After Low-Level Quake). ODNR allowed AWMS to reopen one of the injection wells but denied it the right to reopen the second well. AWMS appealed the closure of the second well all the way to the Ohio Supreme Court in 2018.
    Read More “OH Supremes Revive Lawsuit Against ODNR for Closing Injection Well”

  • Industrywide Issues | New York | Regulation | Statewide NY

    2019 NY Enviro Law is Blocking New Oil & Gas Drilling, as Designed

    January 25, 2024January 25, 2024

    In June 2019, the New York State legislature passed a horrific “energy” bill that was later signed into law by Gov. Andrew Cuomo (see New York Pulls the Trigger, Commits Energy Suicide with New Law). The new Climate Leadership and Community Protection Act (CLCPA) law limits carbon dioxide emissions to zero (an impossibility) by 2050. The following manufacturing industries in the state are being forced to close or move out of the state because of the law: glass (say goodbye to the entire community of Corning), steel, cement, auto, metal casting, food, pulp and paper, aluminum, plastics, ceramics, and chemicals. Oh! And don’t forget conventional oil and gas drillers who report the CLCPA is making it impossible to drill new wells. Jobs are disappearing from the O&G industry.
    Read More “2019 NY Enviro Law is Blocking New Oil & Gas Drilling, as Designed”

  • Industrywide Issues | Research

    US NatGas Production Hit New All-Time High in December Led by M-U

    January 25, 2024January 25, 2024

    The U.S. Energy Information Administration (EIA) is reporting U.S. dry natural gas production in the Lower 48 states reached an all-time monthly high of 105.5 billion cubic feet per day (Bcf/d) in December 2023. In 2023, Lower 48 dry natural gas production increased 3.7% (3.6 Bcf/d) from 2022. Dry natural gas production increased 3.8 Bcf/d in the fourth quarter of 2023 (4Q23) compared with the average for the first three quarters of 2023. The increase was led by production from the Marcellus/Utica region, followed by the Permian.
    Read More “US NatGas Production Hit New All-Time High in December Led by M-U”

  • Best of the Rest

    Other Stories of Interest: Thu, Jan 25, 2024

    January 25, 2024January 25, 2024

    MARCELLUS/UTICA REGION: Impact fees breathe life into county & municipal projects; OTHER U.S. REGIONS: Texas upstream oil employment keeps growing; NATIONAL: Predictive maintenance plays crucial role in oil and gas; Kinder Morgan remains bullish on natural gas demand growth; INTERNATIONAL: EU needs to double powergen by 2040 to meet net zero.
    Read More “Other Stories of Interest: Thu, Jan 25, 2024”

  • Ascent Resources | Encino Energy | Energy Companies | Ohio | Statewide OH

    Black Gold: Ascent & Encino Drill Oil Gushers in Ohio Utica

    January 24, 2024January 24, 2024

    Yesterday we brought you the latest update on EOG Resources’ oil drilling program in the Utica Shale (see Black Gold: EOG Resources Drills Gushers in Ohio Utica). Today we have details about two more companies and their Utica oil drilling programs: Ascent Resources and Encino Energy. Last summer, we told you that Encino, which picked up Chesapeake Energy’s Ohio O&G assets, including 933,000 Ohio acres with 320,000 net Utica acres and 920 operated and non-operated Ohio Utica wells for $2 billion in 2018 (see Stop Press: Chesapeake Sells ALL of its Ohio Utica Assets for $2B), had finally cracked the code on coaxing oil from the Utica Shale (see Oil Prod. in Northern Utica Comes Alive – Encino Cracks Oil Code). Encino is now Ohio’s top oil producer.
    Read More “Black Gold: Ascent & Encino Drill Oil Gushers in Ohio Utica”

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

    PA Dem Senators Introduce Bill to Ban Most Marcellus Drilling

    January 24, 2024January 24, 2024

    Pennsylvania House Bill (HB) 170, introduced early last year, would increase setback distances for shale wells from 500 feet to 2,500 feet — effectively killing any new shale well drilling anywhere in the state (see PA House Bill 170 Kills New Marcellus Drilling Using Setbacks). In June, Democrat Party bosses shut down action on HB 170, telling the House to cancel a vote (see PA Dems Abandon Bill to Kill All Marcellus Drilling Using Setbacks). But the wackadoodle left couldn’t help itself. In October, the House Environmental Resources and Energy Committee, under the “leadership” of Chairman Greg Vitali (D-Delaware), held a hearing to revive action on HB 170 (see PA Sen. Yaw Calls HB 170 Banning New Drilling Via Setbacks “Stupid”). And now, Senate Democrats want in on some of the “stupid is as stupid does” action. On Monday, two Dem Senators introduced a Senate version of the same bill — Senate Bill (SB) 581.
    Read More “PA Dem Senators Introduce Bill to Ban Most Marcellus Drilling”

  • Pennsylvania | Statewide PA

    The Truth About Pennsylvania’s “Abandoned” Oil & Gas Wells

    January 24, 2024January 24, 2024

    From time to time, the issue of wells that need plugging appears in the news. We highlighted one such story earlier this week (see XTO Begins to Plug 4 Shale Wells in Butler County Starting Today). There is some confusion over the terms inactive, abandoned, and orphaned wells. What’s the difference? And how does this issue impact the Marcellus/Utica? The sharp folks at the Marcellus Shale Coalition (MSC) recently published a blog post to clear up the confusion.
    Read More “The Truth About Pennsylvania’s “Abandoned” Oil & Gas Wells”

  • Industrywide Issues | Regulation | Statewide WV | West Virginia

    WV Oil & Gas Inspector Shortage Continues One Year After New Law

    January 24, 2024January 24, 2024

    In March 2023, the West Virginia legislature passed House Bill 3110, giving the state Dept. of Environmental Protection (DEP) extra funds to hire more oil and gas well inspectors. At that time, the state had just ten inspectors to oversee not only all of the state’s 75,000 documented/known wells but also the state’s estimated 15,000 abandoned wells. Frankly, it’s an impossible task for so few inspectors. HB 3110 provided funding for another 10 positions (20 inspectors total). In the past year, the DEP has hired another five, with two more in the pipeline, for a total of 17. It would be better if they had 40 or more!
    Read More “WV Oil & Gas Inspector Shortage Continues One Year After New Law”

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

    Maine Debates Democrat Bill to Limit New Natural Gas Customers

    January 24, 2024January 24, 2024

    In May 2023, MDN brought readers the sad news that New York State has fallen and is now under a Communist dictatorship, with the freedom to choose energy sources now gone (see NY State has Fallen – Gas Stoves & Peaker Plants Banned in Budget). Gov. Kathy Hochul and the Democrat legislature unilaterally voted to ban new homes and businesses from connecting to natural gas lines. It took five months, but eventually, a coalition of businesses and labor unions filed a lawsuit against the state to block this blatantly illegal power grab (see Biz & Labor File Lawsuit to Stop NY Statewide Gas Ban in New Bldgs). The State of Maine is now considering a similar law.
    Read More “Maine Debates Democrat Bill to Limit New Natural Gas Customers”

  • Industrywide Issues | Pipelines | Research

    Study Finds Electric Compressors Reduce Emissions, but Risky

    January 24, 2024January 24, 2024

    One week ago, the Interstate Natural Gas Association of America (INGAA) Foundation published a report called “Impact of Electrifying Natural Gas Transmission Compression” (full copy below). The Foundation commissioned global consulting and technology services provider ICF to assess and write a report on the potential impacts of electrifying natural gas transmission compression as one tool to address greenhouse gas (GHG) emissions along the natural gas supply chain. What did the researchers find?
    Read More “Study Finds Electric Compressors Reduce Emissions, but Risky”

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