Court Filing Says MVP Construction to Restart by End of June
On June 8, the West Virginia Dept. of Environmental Protection issued a renewed Section 401 water quality certification for the 303-mile Mountain Valley Pipeline (MVP) project. In a court filing by MVP that shoves the news in the faces of the corrupt Democrat three-judge panel of the U.S. Court of Appeals for the Fourth Circuit, the judges are told as soon as the U.S. Army Corps of Engineers issues a Section 404 water permit (deadline is June 24), construction will resume to finish up the final 6% of the MVP project. And there’s not a darned thing the 4th Circuit can do to stop it. Sweet victory. Sweet justice.
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Two weeks ago, shale drillers could, for the first time, begin to apply for permits to drill under (not on top of) Ohio state lands and state parks under newly formulated rules established by the Ohio Oil & Gas Land Management (OGLM) Commission (see
The experts at NGI (
Last year after the shocking news that U.S. Senator Joe Manchin (from West Virginia) had sold out his state and the entire country by agreeing to support the misnamed Inflation Reduction Act (IRA) bill, the details began to come out about just how bad this law really is for the oil and gas industry. First and foremost, it empowers the federal EPA to slap a new methane tax on oil and gas activities (see
Freeport LNG’s export terminal with three liquefaction “trains” shut down in June 2022 after an explosion and fire (see
Almost from the first day when MDN editor Jim Willis began to write the MDN blog/news site, he heard of the concept of “peak oil.” For many years, peak oilers said that the world’s oil supply would soon run out–there’s just not enough oil left to extract out of the ground. Which is a joke. When the world saw the power of shale energy, it became evident even to the most hardened liars that they could no longer sell the concept of peak oil supply. Seemingly overnight, they changed and began to peddle peak oil demand. The lefties at Bloomberg are now predicting peak oil (for all uses) is coming in 2029. Which reminds us of the end-of-the-world predictions that surface from various cults every few years. This time it’s a prediction coming from the cult of anti-fossil fuelism.
OTHER U.S. REGIONS: Natgas production in Permian sets new record in 2022; NATIONAL: Limitations to mining for electricity; Goldman Sachs cuts oil price forecast by almost 10%; INTERNATIONAL: U.S. warned Ukraine not to attack Nord Stream.
It took an Act of Congress, but the 303-mile Mountain Valley Pipeline (MVP), which stretches from Wetzel County, WV, to Pittsylvania County, VA, will be, according to the builder and primary owner, Equitrans, completed and online by the end of this year (see
In May, the Bidenistas at the Environmental Protection Agency (EPA) released a hellscape of new regulations aimed at forcing coal- and natural gas-fired power plants to close (see 
Two major Marcellus/Utica drillers–Seneca Resources and Northeast Natural Energy (NNE)–have joined the CG Hub, the world’s first commodities trading platform focused exclusively on certified natural gas and certified natural gas certificates. Seneca and Northeast now provide access to a combined 1+ billion cubic feet per day (Bcf/d) of certified natural gas to traders via the CG Hub.
Is shale energy beginning to peter out? We’re beginning to see stories in oil and gas publications about how the best locations to drill for shale oil and gas are gone, and the less desirable, less productive locations are now left. We don’t know if that’s true, but it seems people whose multi-billion-dollar businesses depend on it believe it–people like the CEO of Exxon Mobil, Darren Woods. The general attitude that we’re running out has led to two notable strategies to keep the good times rolling: (1) refracing existing wells, and (2) researching new technologies and techniques to get more oil and gas from existing and new wells.
In January, the hard-left Bidenistas who control the U.S. Consumer Product Safety Commission (CPSC) floated a trial balloon that they want to ban natural gas stoves, forcing you (if you have one) to replace it with an electric stove at the cost of around $1,400 (see
An energy analyst and trader writing on the Seeking Alpha investor’s website published an intriguing post this morning that claims we are a few months away from the “potential start of a global energy crisis.” He predicts a massive energy price spike starting this fall and into next year, with both oil and gas prices potentially setting new all-time highs. He cites cuts in OPEC+ oil production, the big drop in U.S. shale drilling, and Europe’s “precarious” natural gas situation will combine to spike energy prices. Is he right?