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Marcellus Drilling News
  • Energy Services | Equitrans/EQT Midstream | Industrywide Issues | Pipelines | Regulation | Statewide WV | West Virginia

    Court Filing Says MVP Construction to Restart by End of June

    June 14, 2023June 14, 2023

    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.
    Read More “Court Filing Says MVP Construction to Restart by End of June”

  • Industrywide Issues | Noble County | Ohio | Regulation

    9th Request to Frack Under OH State Land – Wolf Run State Park

    June 14, 2023June 14, 2023

    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 Ohio State Lands Now Open for O&G Leasing – Virtual Ribbon-Cutting). Last week we brought you the list of the first eight “nominations” (requests) to drill under Ohio state land once the door opened (see 8 Ohio State Land Locations Nominated for Utica Shale Drilling). We now have a ninth nomination/request to drill–this one a request to drill under 2,000 acres of Wolf Run State Park in Noble County.
    Read More “9th Request to Frack Under OH State Land – Wolf Run State Park”

  • Industrywide Issues | Research

    Top 25 Buyers and Top 25 Sellers of U.S. Natural Gas in 2022

    June 14, 2023June 14, 2023

    The experts at NGI (Natural Gas Intelligence) have poured over the numbers found in Form 552s filed with the Federal Energy Regulatory Commission (FERC). Form 552 is the Annual Report of Natural Gas Transactions–the buying and selling of natural gas. From the data, NGI produced two very useful lists. One is the top 25 buyers of natural gas and a separate list for the top 25 sellers of natural gas–for all of 2022. Both lists are further broken down by gross and net buyers and sellers. It won’t surprise you to see most publicly-traded Marcellus/Utica drillers appearing on the top 25 sellers list…
    Read More “Top 25 Buyers and Top 25 Sellers of U.S. Natural Gas in 2022”

  • Industrywide Issues | Regulation | Statewide WV | Taxation | West Virginia

    EPA’s New Methane Tax (from Manchin’s IRA Law) is a Hot Mess

    June 14, 2023June 14, 2023

    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 Joe Manchin’s Green New Deal Cave Slaps O&G with Big Methane Tax). The EPA, which is not a taxing authority, is now attempting to implement the onerous new tax. To put it mildly, the EPA’s efforts are a hot mess.
    Read More “EPA’s New Methane Tax (from Manchin’s IRA Law) is a Hot Mess”

  • CNG/LNG | Exporting | Industrywide Issues

    Time Crunch for Freeport LNG to Make FID, Build 4th Export Train

    June 14, 2023June 14, 2023

    Freeport LNG’s export terminal with three liquefaction “trains” shut down in June 2022 after an explosion and fire (see Explosion Rocks Freeport LNG Export Plant – Offline for 3 Weeks). What was originally thought to be a three-week outage lasted for ten months! The plant finally returned online at the end of March this year (see Freeport LNG Plant Back to Full Capacity Using 2.1 Bcf/d of NatGas). Taking a back seat due to dealing with the outage were plans to build a fourth liquefaction train at Freeport. The clock is ticking, and time is rapidly running out if Freeport still wants to build it.
    Read More “Time Crunch for Freeport LNG to Make FID, Build 4th Export Train”

  • Anti-Drilling/Fossil Fuel | Crude Oil | Industrywide Issues | Research

    LOL! Bloomberg Predicts (Wait for it….) Peak Oil Demand by 2029

    June 14, 2023June 14, 2023

    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.
    Read More “LOL! Bloomberg Predicts (Wait for it….) Peak Oil Demand by 2029”

  • Carbon Capture | Industrywide Issues

    The Potential Dangers of CCS – Sequestering CO2 Underground

    June 14, 2023June 14, 2023
    click for larger version

    Carbon capture and sequestration (CCS), storing captured carbon dioxide underground, is all the rage in the oil and gas industry. Necessarily so, because we have decided to play the left’s game when it comes to CO2 supposedly causing global warming. When you play their game, you quickly learn they can (and do) change the rules of the game at any time–while you’re playing it! Oil and gas companies, in an effort to prove they are responsible and not the evil dregs of society they are portrayed to be, are attempting to capture and store as much CO2 as possible. But did you know that if that CO2 leaks out of its underground storage, the results can be catastrophic?
    Read More “The Potential Dangers of CCS – Sequestering CO2 Underground”

  • Best of the Rest

    Other Stories of Interest: Wed, Jun 14, 2023

    June 14, 2023June 14, 2023

    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.
    Read More “Other Stories of Interest: Wed, Jun 14, 2023”

  • Energy Services | Equitrans/EQT Midstream | Industrywide Issues | North Carolina | Pipelines

    MVP Completion in 2023 Gives New Hope for MVP Southgate in NC

    June 13, 2023June 13, 2023

    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 Equitrans Announces Mountain Valley Pipe to Get Completed in 2023). Equitrans had big plans to expand MVP an extra 75 miles from Pittsylvania County to Alamance County, NC, a project called MVP Southgate. However, given the pushback and obstacles in completing the original MVP, Equitrans appeared to give up on Southgate last October (see Equitrans Signals Giving Up on MVP Southgate – Pulls Eminent Domain).
    Read More “MVP Completion in 2023 Gives New Hope for MVP Southgate in NC”

  • Anti-Drilling/Fossil Fuel | Electrical Generation | Industrywide Issues | Regulation | Statewide WV | West Virginia

    WV Legislators Introduce Bill to Block EPA Power Plant Regulations

    June 13, 2023June 13, 2023

    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 New Biden EPA Regs a “Death Sentence” for Fossil-Fuel Power Plants). West Virginia coal, oil, and natural gas stakeholders, along with state politicians, are unhappy. There is noise that WV Attorney General Patrick Morrisey will lead a new court challenge against these latest EPA regulations (see WV to Lead New Legal Challenge of EPA Power Plant Emissions Regs). However, WV’s Republican Congressional delegation isn’t waiting for a court challenge.
    Read More “WV Legislators Introduce Bill to Block EPA Power Plant Regulations”

  • Industrywide Issues | Research

    EIA June DPR: Haynesville Growth Stumbles, Permian Gas Grows

    June 13, 2023June 13, 2023
    click for larger version

    The latest monthly U.S. Energy Information Administration (EIA) Drilling Productivity Report (DPR) for June issued yesterday (below) shows a slowdown in the growth of natural gas production for the seven shale plays covered in the report. That does not mean we will produce less gas from shale in the coming month; it means the growth rate of new (all-time high) supplies is slowing. At some point, we expect to see negative growth–i.e., shrinking production. It’s coming. Of particular note in this report is that the Haynesville will add very little new production in the next month. Even bigger news: Haynesville production in June is down from May!
    Read More “EIA June DPR: Haynesville Growth Stumbles, Permian Gas Grows”

  • Energy Companies | ESG | Industrywide Issues | Northeast Natural Energy | Seneca Resources

    Seneca, NNE, Begin Selling 1 Bcf/d of Certified NatGas on CG Hub

    June 13, 2023June 13, 2023

    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.
    Read More “Seneca, NNE, Begin Selling 1 Bcf/d of Certified NatGas on CG Hub”

  • Hydraulic Fracturing | Industrywide Issues

    Frackers Look to Increase Productivity with Refracs, New Tech

    June 13, 2023June 13, 2023

    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.
    Read More “Frackers Look to Increase Productivity with Refracs, New Tech”

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

    Bidenistas All-In on Banning Natural Gas Stoves in Homes

    June 13, 2023June 13, 2023

    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 Bidenistas Make a Run at Banning Natural Gas Stoves Nationwide). The stated reason for forcing a change is that gas stoves supposedly emit cancer-causing and asthma-causing chemicals (a demonstrably false claim). There are roughly 50 million gas stoves in use in homes across the U.S. There was such an uproar over this news that the White House and the CPSC appeared to walk back their comments. Still, in the very next breath, they contradicted themselves (see Bidenistas Caught in Their Own Lies re Banning Gas Stoves). We now have positive proof that the Bidenistas were lying and that they want to ban your gas stove. It all connects to a gas ban in Berkeley, California.
    Read More “Bidenistas All-In on Banning Natural Gas Stoves in Homes”

  • Commodity Price | Crude Oil | Industrywide Issues

    Stock Analyst/Trader Predicts Global Energy Crisis in ~100 Days

    June 13, 2023June 13, 2023

    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?
    Read More “Stock Analyst/Trader Predicts Global Energy Crisis in ~100 Days”

  • Best of the Rest

    Other Stories of Interest: Tue, Jun 13, 2023

    June 13, 2023June 13, 2023

    NATIONAL: Duke Energy to sell Commercial Renewables unit in $2.8 bln deal; Carbon capture, CO2 removal to play key decarbonization role; U.S. ethane exports set a monthly record in March 2023; Biden’s next climate coup: taxpayer-funded “green banks”; INTERNATIONAL: Apache halts UK North Sea oil, gas drilling on ‘burdensome’ regime; Britain’s green energy disaster should be a warning to Americans.
    Read More “Other Stories of Interest: Tue, Jun 13, 2023”

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