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Marcellus Drilling News
  • Electrical Generation | Industrywide Issues | Litigation | Pennsylvania | Statewide PA | Taxation

    PA Gov. Shapiro Proves He’s Radical Left – Appeals RGGI Decision

    November 22, 2023November 22, 2023

    We’ll say it right up front: We told you so. Pennsylvania Gov. Josh Shapiro announced yesterday that he will appeal a decision by the Commonwealth Court that blocks PA’s entrance into the obscene Regional Greenhouse Gas Initiative (RGGI) carbon tax scheme. Are you surprised? Shocked? We certainly aren’t. Shapiro has just revived a huge threat to the future of the Marcellus Shale industry in the Keystone State. Still happy you voted for Shapiro? No, we didn’t think so.
    Read More “PA Gov. Shapiro Proves He’s Radical Left – Appeals RGGI Decision”

  • Ascent Resources | Belmont County | Energy Companies | Harrison County | Jefferson County (OH) | Monroe County | Northern Oil & Gas | Ohio

    NOG Invests in Utica Wells, Acreage Operated by Ascent Resources

    November 22, 2023November 22, 2023

    In February 2021, Northern Oil and Gas, Inc. (NOG), a company that invests in non-operated oil and gas assets (they let others do the drilling), announced it had purchased 64,000 net acres producing ~120 MMcfe/d (million cubic feet equivalent per day) in the Marcellus/Utica from Reliance Industries Limited (see Northern O&G Buys 64K Acres of RIL’s Non-Op M-U Assets for $250M). According to NOG’s second quarter 2022 update, the company continued sniffing around the M-U, looking for more deals (see Northern Oil & Gas Continues to Sniff for Deals in the Marcellus). It took a while (more than a year), but they finally found another deal. Yesterday, NOG announced a “bolt-on” acquisition in its Permian portfolio, and a deal to enter the Ohio Utica.
    Read More “NOG Invests in Utica Wells, Acreage Operated by Ascent Resources”

  • Cambria County | Industrywide Issues | Pennsylvania | Pipelines

    5-Mile Pipeline in Cambria County, PA to Bring 120 New Jobs

    November 22, 2023November 22, 2023

    Pennsylvania’s Pipeline Investment Program (PIPE) issues grants covering part of the cost of building new natural gas pipelines to connect homes and businesses, typically in rural parts of the state, to homegrown Marcellus Shale gas supplies. We’ve written about many PIPE grant projects in the past (see our PIPE stories here). Another PIPE grant was announced yesterday by the Pennsylvania Dept. of Community and Economic Development (DCED). This latest grant of $1.2 million will help build a pipeline to provide natural gas service to the Jackson Township Business Park in Cambria County and nearby residents.
    Read More “5-Mile Pipeline in Cambria County, PA to Bring 120 New Jobs”

  • Electrical Generation | Industrywide Issues | New York | New York County | Regulation | Statewide NY

    NY Grid Operator to Keep 4 NYC Peakers Online Past Deadline

    November 22, 2023November 22, 2023

    The New York Independent System Operator (NYISO), the nonprofit that oversees the state’s electricity system, has warned New York State for YEARS of coming blackouts if peaker plants in New York City are forced to close in 2025 (see NY Grid Operator Again Warns NYC Heading for Blackouts re Peakers). NY Dems, who irrationally hate fossil energy, are forcing the closure of NYC’s peakers, believing unreliable renewables and a big, fat power line from Canada will be enough to keep the lights on. Good luck with that. NYISO has had enough of the nonsense. NYISO will forcibly keep four NYC peakers online — working past the 2025 deadline to shut them all down — in order to prevent a collapse of the electrical system downstate.
    Read More “NY Grid Operator to Keep 4 NYC Peakers Online Past Deadline”

  • Industrywide Issues | M&A

    Allied Resources Group Buys O&G Engineering Division from STV

    November 22, 2023November 22, 2023

    STV, a New York City-based professional services firm that plans, designs, and manages infrastructure projects across North America, recently announced that it will exit servicing the midstream oil and gas market after signing an agreement with Pennsylvania-based Allied Resources Group (ARG). ARG is acquiring STV’s midstream oil and gas business operations for an undisclosed price, effective November 30, 2023.
    Read More “Allied Resources Group Buys O&G Engineering Division from STV”

  • Commodity Price | Industrywide Issues | M&A | Research

    5 Trends Poised to Have Biggest Impact on Energy Sector in 2024

    November 22, 2023November 22, 2023

    Veteran equity oil and gas analyst Jeff Robertson, managing director with Water Tower Research (WTR), recently compiled an outlook report with the 5 trends he says are poised to have the biggest impact on the energy sector next year. WTR was kind enough to share it with MDN. One of Robertson’s predictions involves a Henry Hub price prediction (which immediately caught our eye). Other predictions involve world tensions, the consolidation trend, and more. It’s a short and enlightening read.
    Read More “5 Trends Poised to Have Biggest Impact on Energy Sector in 2024”

  • About MDN

    MDN Off Thursday & Friday for Thanksgiving Holiday

    November 22, 2023November 22, 2023

    Happy Thanksgiving! MDN is taking both Thanksgiving Thursday and Black Friday off. While you’re taking time to be thankful for your friends, family, food, drinks, and other luxuries, take a moment to say THANK YOU to the resources that make this holiday so wonderful: fossil fuels! Below is a video from our friends at Clear Energy Alliance. Watch it (under 4 minutes) to learn just how much oil, natural gas, and coal bring to the table during the holiday season — and every other day of the year.
    Read More “MDN Off Thursday & Friday for Thanksgiving Holiday”

  • Best of the Rest

    Other Stories of Interest: Wed, Nov 22, 2023

    November 22, 2023November 22, 2023

    NATIONAL: There’s a whole lot going on here!; Natgas combined-cycle power plants increased utilization; Is NRDC a mouthpiece for Communist China?; 20 biggest midstream companies by market cap; INTERNATIONAL: 20 countries with largest natgas reserves in 2023; Exxon CEO argues capitalism is the solution to global warming; Argentina’s new chainsaw wielding president aims to trigger energy boom.
    Read More “Other Stories of Interest: Wed, Nov 22, 2023”

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

    Transco Expansion to Add 1.4 Bcf/d Capacity to Flow M-U Gas South

    November 21, 2023November 21, 2023

    Some exciting news to share. Earlier this month, midstream giant Williams gave a green light to proceed with a new Transco pipeline expansion project called the Southeast Supply Enhancement. The project will flow an extra 1.4 Bcf/d (billion cubic feet per day) of Marcellus/Utica molecules southward along the Transco pipeline system, to deliver those molecules to states in the southern U.S. Mountain Valley Pipeline (MVP) will flow an extra 2 Bcf/d of M-U molecules to southern Virginia. Williams’ Southeast Supply Enhancement promises to flow some of those molecules further south (and southwest). This is a major new pipeline initiative that snuck up on us.
    Read More “Transco Expansion to Add 1.4 Bcf/d Capacity to Flow M-U Gas South”

  • Chesapeake Energy | Energy Companies | Industrywide Issues | M&A | Southwestern Energy

    Corporate Raider Kimmeridge Likes a Chesapeake/Southwestern Merger

    November 21, 2023November 21, 2023

    A month ago, MDN shared the rumor that Chesapeake Energy Corporation is sniffing around Southwestern Energy, looking to buy out and merge in its closest O&G peer (see Chesapeake Energy Exploring a Merger with Southwestern Energy). One of Chesapeake’s largest investors, Kimmeridge Energy Management Co. — what the financial industry calls an “activist investor” (which we call by the old term “corporate raider”) — says a merger between the two would create one of the industry’s most sought-after stocks. Kimmeridge is pushing to make it happen.
    Read More “Corporate Raider Kimmeridge Likes a Chesapeake/Southwestern Merger”

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

    Lib Dems Try to Fool PA Unions to Accept Radical Enviro Policies

    November 21, 2023November 21, 2023

    The environmental left is on the march in Pennsylvania, and nothing, including building trade unions, is going to stop it. Both constituencies (environmentalists and trade unions) traditionally make their political home in the Democrat Party. The problem for PA’s Democrat politicians is how to balance the ever-wacko leftward tilt of environmentalism and its jobs-killing policies (“block all shale drilling” and “no new pipelines”) with the trade unions that support fossil infrastructure like new pipelines. It is a delicate balancing act, requiring Dem politicians to convince (lie to) union members to keep their support. We’re sorry to say the unions (largely the bosses) keep falling for the lies and electing Dems. Read More “Lib Dems Try to Fool PA Unions to Accept Radical Enviro Policies”

  • CNG/LNG | Exporting | Industrywide Issues | NGLs

    LNG Vessels Transiting Panama Canal Must Use Auction for Time Slots

    November 21, 2023November 21, 2023

    Three weeks ago, MDN warned you about delays with LPG (propane) and LNG ships transiting the Panama Canal (see Drought Along Panama Canal Causing Delays in Propane, LNG Exports). According to the Panama Canal Authority (APC), water levels at Gatún Lake are the lowest since at least 1995 due to an extended dry season and lower-than-normal precipitation on the Panama Canal. Gatún Lake is the artificial lake that vessels pass through to transit between the Atlantic and Pacific locks, and it holds the water supply needed to operate the lock systems of the canal. The situation has grown even more dire in just the last three weeks…
    Read More “LNG Vessels Transiting Panama Canal Must Use Auction for Time Slots”

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

    Big Green Says Indiana Utility Plan for Gas Peaker is “Backsliding”

    November 21, 2023November 21, 2023

    Have you ever noticed how the wacko leftists of the so-called environmental movement behave (and talk) as if they are members of a religion? They use religious language all the time to describe their holy mission of cleansing the earth of evil and sinful fossil energy. Check this out. Environuts say an Indiana utility company is “backsliding” on its clean energy goals with its plan to build a gas-fired peaker plant — a plant that makes unreliable renewables (like solar and wind) possible.
    Read More “Big Green Says Indiana Utility Plan for Gas Peaker is “Backsliding””

  • Anti-Drilling/Fossil Fuel | Hydraulic Fracturing | Industrywide Issues

    14 Years After Gasland Debuted, None of Its Predictions Came True

    November 21, 2023November 21, 2023

    Nearly 14 years after the Gasland fake documentary was released, dozens of studies have contradicted its claims about fracking. Gasland’s dire predictions didn’t come to pass. The 2010 documentary, which was written and directed by Josh Fox, portrayed fracking operations as poisoning groundwater, killing wildlife, and making people sick while corrupt oil companies profited. Remember the famous scene where a Colorado man lights his tap water on fire? It turns out it was natural methane in his water, not methane from fracking. Just one of the lies exposed about the film.
    Read More “14 Years After Gasland Debuted, None of Its Predictions Came True”

  • CNG/LNG | Exporting | Industrywide Issues

    Argentina’s New President Promises to Unleash Shale Gas & Oil

    November 21, 2023November 21, 2023
    Javier Milei

    Watch out Marcellus/Utica, and Haynesville, and Permian, and Eagle Ford, and Bakken, and SCOOP/STACK, and other major U.S. shale plays. You may have a new competitor coming (way) south of the border. Argentina has just elected a new President, Javier Milei, who promises to unleash his country’s oil and gas industry. Argentina is reputed to have the world’s second-largest deposit of shale gas in the world (and the fourth-largest deposit of shale oil). If Milei follows through and is successful in unleashing shale energy, Argentina could become an LNG exporting powerhouse, competing with the U.S. Hey, maybe a little competition is what we need to overcome the cancer of leftist global warming flummery that holds back our own O&G industry.
    Read More “Argentina’s New President Promises to Unleash Shale Gas & Oil”

  • Best of the Rest

    Other Stories of Interest: Tue, Nov 21, 2023

    November 21, 2023November 21, 2023

    MARCELLUS/UTICA REGION: Democrat’s national dark money machine dominates PA elections; NATIONAL: Shale M&A to gather pace in hunt for inventory; Natural gas prices accumulate 10% loss over three days; The alt-energy bloodbath in 10 charts; INTERNATIONAL: Russia will fight to protect its key weapon in the global energy race.
    Read More “Other Stories of Interest: Tue, Nov 21, 2023”

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