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Marcellus Drilling News
  • Allegheny County | Anti-Drilling/Fossil Fuel | Apex Energy | Energy Companies | Industrywide Issues | Litigation | Pennsylvania | Westmoreland County

    PA EHB Allows “Narrow” Appeal of 2 Apex Energy Well Permits

    February 9, 2024February 9, 2024

    A leftist anti-fossil group calling itself Protect PT, in Penn Township (Westmoreland County), PA, backed with big money from Big Green groups, has for years challenged Penn Township ordinances that allow Apex Energy and Huntley & Huntley (now Olympus Energy) to drill and operate shale wells. Protect PT finally struck out legally at the Pennsylvania Supreme Court in May 2020 (see Penn Twp Frack Ban Case Strikes Out at PA Supreme Court). However, continuing to use Big Green money, Protect PT soldiered on, even after its crushing Supreme Court defeat. Apex Energy proposed drilling two wells on a pad in a rural part of Trafford, PA, straddling Allegheny and Westmoreland counties. Protect PT challenged the original permits and a time extension of the permits.
    Read More “PA EHB Allows “Narrow” Appeal of 2 Apex Energy Well Permits”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues | Ohio | Statewide OH

    Radicals Push “Secrecy” Narrative re Drilling Under OH State Parks

    February 9, 2024February 9, 2024

    Anti-fossil fuel zealots (climate catastrophists) have set their sights on blocking drilling and fracking under (not on top of) Ohio’s state-owned land, including several state parks. Their favorite tactic is to lie and smear the companies that seek to do such drilling. One tiny problem (for the zealots): they don’t know which companies are bidding to do the drilling. And that drives them even more crazy. So the zealots, with the help of mainstream media, are trying to paint the process as “secretive” — like there’s something nefarious that the fracking industry wants to hide. In reality, the identity of the winning bid is kept “secret” until the deal is officially announced because IT’S STATE LAW.
    Read More “Radicals Push “Secrecy” Narrative re Drilling Under OH State Parks”

  • Energy Companies | Industrywide Issues | PennEnergy Resources | Pennsylvania | Regulation | Statewide PA

    New Federal & State Methane Emissions Regs Discourage PA Drilling

    February 9, 2024February 9, 2024

    There is no doubt that recently issued regulations by the federal Environmental Protection Agency (EPA) and the Pennsylvania Dept. of Environmental Protection (DEP) aimed at reducing methane emissions are having a deleterious effect on the Marcellus industry in the Keystone State. The Bidenistas are proposing a huge tax on oil and gas drillers that will drive some companies out of business (see Full Attack Mode: Biden EPA Proposes New Punitive Methane Tax). The PA DEP is about to require detailed reports from all drillers, forcing them to use expensive equipment to monitor VOC and methane emissions (see Due Date for PA DEP Report re Methane Emissions Slips 6 Months). These national and state regulations are strangling the industry, although the Marcellus industry is putting on a good face.
    Read More “New Federal & State Methane Emissions Regs Discourage PA Drilling”

  • Industrywide Issues | Regulation

    Roadmap Released for Trump to Reverse Biden Climate Policies

    February 9, 2024February 9, 2024

    Dozens of conservative organizations have banded together to provide Trump a road map — known as Project 2025 — if he prevails in November. It outlines a series of steps that the former president could take to (among other things) reverse the climate actions taken by the Biden administration. The Washington-based Heritage Foundation (fantastic organization!) worked with conservative organizations to produce Project 2025, which offers 920 pages of policy prescriptions to ensure the chaos of Trump’s first term is not repeated if he gets a second term (full copy of Project 2025 is embedded below). Among the 920 pages are sections addressing policy prescriptions for the Dept. of Energy, EPA, Interior, and other agencies that touch on energy issues, including oil and gas.
    Read More “Roadmap Released for Trump to Reverse Biden Climate Policies”

  • Best of the Rest

    Other Stories of Interest: Fri, Feb 9, 2024

    February 9, 2024February 9, 2024

    MARCELLUS/UTICA REGION: Far-left groups oppose bill to block RGGI in PA; NATIONAL: Natgas futures crumble to fresh lows amid storage overhang; INTERNATIONAL: Nuclear reactor restarts in Japan reduce LNG imports for powergen; Green activists are a menace to society; Barclays to adopt fresh curbs on oil and gas financing.
    Read More “Other Stories of Interest: Fri, Feb 9, 2024”

  • Commodity Price | Industrywide Issues

    NYMEX Henry Hub NatGas Closes at $1.97, Lowest Price in 3 Years

    February 8, 2024February 8, 2024
    NYMEX Front Month price chart for last 5 years

    Here we go, to the bad old days, once again. Yesterday, the “front month” or “prompt month” for the NYMEX Henry Hub futures contract closed below $2/MMBtu — closing at $1.97. It is the lowest close for the NYMEX front month contract since September 2020, when it closed at $1.83. Yeah, the bad old days of lower for longer. The reason for the current crash in price is, as we told you yesterday, largely due to warm weather (see NatGas Price is Crashing and Burning – How Low Will It Go?). Trading experts say the next level to be tested to see if the price will head even lower will be $1.80/MMBtu. God help us if it closes that low.
    Read More “NYMEX Henry Hub NatGas Closes at $1.97, Lowest Price in 3 Years”

  • Energy Companies | Range Resources Corp

    Range Releases 4Q Production & Pricing Numbers, Proved Reserves

    February 8, 2024February 8, 2024

    Two days ago, Range Resources, the very first company to sink a Marcellus shale well (back in 2004), issued fourth-quarter 2023 expectations for production and pricing along with details about the company’s proved reserves. Range doesn’t issue its official 4Q update until later this month (Feb. 21). The preliminary numbers show the company, when converting all production to gas equivalent, produced 2.2 Bcfe/d (billion cubic feet equivalent per day) during 4Q23. The company received an average of $2.68 per Mcf (thousand cubic feet) for its gas.
    Read More “Range Releases 4Q Production & Pricing Numbers, Proved Reserves”

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

    Look for O&G Jobs to be Trimmed Later in 2024 Due to Mergers

    February 8, 2024February 8, 2024

    Although oil and natural gas output is still increasing ever-so-slightly, according to experts like Rystad Energy, the rate of production growth has slowed. And because production is slowing, “investments in the shale patch are not expected to grow in 2024, keeping activity and output relatively flat” this year. How does slowing activity in 2024 affect employment in O&G in 2024? Rigzone asked a couple of experts. One comment in particular caught our attention because it has implications not only in the Texas oil patch, but also in the M-U gas patch.
    Read More “Look for O&G Jobs to be Trimmed Later in 2024 Due to Mergers”

  • CNG/LNG | Exporting | Industrywide Issues | Regulation

    Repubs Attack, Dems Defend Biden LNG Pause at House Hearing

    February 8, 2024February 8, 2024

    The U.S. House Energy and Commerce Subcommittee on Energy, Climate and Grid Security held a hearing on Tuesday to challenge Joe Biden’s so-called pause on new LNG permits to non-free-trade partners as it “studies the impacts,” including on climate change, of LNG use. Republicans blasted the Bidenistas for the havoc they have created with the announcement. Democrats on the subcommittee defended Biden’s pause (go figure), arguing now is the time to reevaluate new LNG exports. The Dems are oblivious to the tangible harm this pause is causing (see The True Impact of DOE’s Pause in LNG Export Licenses).
    Read More “Repubs Attack, Dems Defend Biden LNG Pause at House Hearing”

  • CNG/LNG | Exporting | Industrywide Issues | Regulation

    23 State AGs Send Letter to Biden Warning LNG Pause is “Unlawful”

    February 8, 2024February 8, 2024

    Politicians on Capitol Hill aren’t the only people taking aim at Joe Biden’s pause on LNG export approvals (see today’s companion story, Repubs Attack, Dems Defend Biden LNG Pause at House Hearing). Some 23 “red” state Attorneys General wrote a letter to President Biden and the nutty Secretary of Energy, Jennifer Granholm, to inform them that this LNG approvals pause violates federal law. The not-so-subtle threat is that unless Biden “changes course” and reverses the pause, he’s facing a lawsuit by half of the states in the country.
    Read More “23 State AGs Send Letter to Biden Warning LNG Pause is “Unlawful””

  • Industrywide Issues | Regulation

    New Biden EPA Methane Rule Will Kill One-Third of Active Gas Wells

    February 8, 2024February 8, 2024

    EPA Administrator Michael Regan used a considerable amount of fossil energy and emitted tons of carbon dioxide to jet over to Dubai in December to participate in the COP28 confab, where he released a final rule that was “two years in the making” to force the U.S. oil and gas industry to cut methane emissions by using budget-busting new technologies and onerous (frequent) inspections (see Bidenistas Unleash Hellscape of U.S. Methane Regs at COP28). A new analysis by Enverus says these onerous new regs will likely force the closure of some one-third (34%) of actively producing gas wells in the country and result in the bankruptcy of many small drillers.
    Read More “New Biden EPA Methane Rule Will Kill One-Third of Active Gas Wells”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues

    EDF Gets Ready to Launch Satellite to Sniff Out Fugitive Methane

    February 8, 2024February 8, 2024

    Do you remember those Ball mason jars your mom used for canning when you were growing up? Well OK, maybe we’re dating ourselves. Trust us, it’s a thing (see the image to the left). Here’s the interesting bit: Ball Corporation not only makes mason jars and other packaging solutions for beverage, personal care and household products customers, it also has an aerospace division that manufactures satellites! Ball is a $14 billion company. One of the company’s projects was to manufacture and deliver a satellite that would sniff out fugitive methane. The satellite was just delivered to Vandenberg Space Force Base in Santa Barbara County, California, and will launch next month.
    Read More “EDF Gets Ready to Launch Satellite to Sniff Out Fugitive Methane”

  • Best of the Rest

    Other Stories of Interest: Thu, Feb 8, 2024

    February 8, 2024February 8, 2024

    OTHER U.S. REGIONS: Tellurian explores sale of Haynesville upstream assets; Venture Global, Grain LNG ink storage, regasification deal; New bill helps Florida ports with greater access to natural gas; NATIONAL: Oil swings higher amid mixed data signals; We have the cleanest natural gas in the world; World’s largest carbon removal plant is about to open; How fractures nucleate, propagate and stop.
    Read More “Other Stories of Interest: Thu, Feb 8, 2024”

  • Industrywide Issues | Research

    U.S. Hits New All-Time, Record-High NatGas Consumption in January

    February 7, 2024February 7, 2024

    For climate change catastrophists and “peak gas” proponents who read MDN, please tell us yet again how natural gas (and oil) are on the way out. Remind us of how unreliable renewables are taking the country by storm and that pretty soon (any year now), we won’t need natgas anymore. We need a good laugh! Here’s the reality: On January 16, 2024, the U.S. Lower 48 states consumed 141.5 billion cubic feet (Bcf) of natural gas, exceeding the previous record set on December 23, 2022. That is a new, all-time, record-high natural gas consumption record in this country for a single day. So yes, tell us again how natgas is quickly fading away (LOL)…
    Read More “U.S. Hits New All-Time, Record-High NatGas Consumption in January”

  • Commodity Price | Industrywide Issues | Weather

    NatGas Price is Crashing and Burning – How Low Will It Go?

    February 7, 2024February 7, 2024

    U.S. natural gas and power prices hit multi-year highs in mid-January with the prospect of frigid temps and snow storms in various portions of the country (see NatGas Prices Make Huge Jump on Deep Freeze – Some M-U Prices 4X). The NYMEX Henry Hub futures price hit $3.31/MMBtu just three weeks ago. A week later, it was down to $2.52 (see NYMEX Price Took Another Beating Friday, Closed at $2.52/MMBtu). And yesterday, the price struggled to stay above $2, closing at $2.01/MMBtu. Question: How low will the price go? Will we sink below the all-important psychological $2 mark?
    Read More “NatGas Price is Crashing and Burning – How Low Will It Go?”

  • CNG/LNG | Commodity Price | Crude Oil | Electrical Generation | Industrywide Issues | Research

    EIA Predicts NYMEX Henry Hub to Average $2.40/MMBtu in Feb/Mar

    February 7, 2024February 7, 2024

    Once a month, the analysts at the U.S. Energy Information Administration (EIA) 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 or so. 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? It won’t surprise you to read that due to warmer weather, the EIA prognosticators believe the average Henry Hub natural gas spot prices will remain “subdued” around $2.40/MMBtu in February and March. What about for the entire year?
    Read More “EIA Predicts NYMEX Henry Hub to Average $2.40/MMBtu in Feb/Mar”

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