Big Oil Says NatGas Here to Stay for Decades, Not Just Transition
The biggest of the Big Oil companies, including Shell, Chevron, and Exxon Mobil, are making it quite clear that natural gas is here for decades to come. Leftists tried to sell the B.S. line that natural gas is a “short-term bridge to greener energy sources.” When that lie began to fall apart, leftists got agitated and began to sputter nonsense about natgas being a whole lot dirtier than anybody thought. Again, their lies are falling on deaf ears–at least the ears of Big Oil. Unless the left can bully the world’s biggest governments into destroying some of the biggest companies in the world–oil and gas companies–the only opinion that matters is that of the oil companies themselves because they are the ones who will (or will not) do more drilling.
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MARCELLUS/UTICA REGION: Big Ugly Grifters (BUGS) are out to destroy the common man; People wouldn’t accept RGGI if they understood it was a statewide tax; NATIONAL: API raises concerns with proposed EPA GHG emissions rule; US LNG project approvals on track for record new volumes; This might be the Biden admin’s most ludicrous idea yet; INTERNATIONAL: Germany commits to 2.25 MMtpa LNG buy from Venture Global; Green movement and energy prices – theory of “effective pain.”
National Fuel Gas Company (NFG) and its pipeline subsidiary Empire Pipeline have worked on a plan to build the Northern Access Pipeline since 2016. Northern Access is a 97-mile project from McKean County in Pennsylvania into and through Allegany, Cattaraugus, and Erie counties in New York that will flow Marcellus gas into New York State. The radicals of the Andrew Cuomo and Kathy Hochul administrations have repeatedly delayed the project. NFG still wants to build it but needs more time. Last July, the Federal Energy Regulatory Commission (FERC) gave NFG an extra 35 months to get the project done–until Dec. 31, 2024 (see 
MDN recently reported that after eight years, Pennsylvania General Energy gave up on trying to build an environmentally safe wastewater injection well in Grant Township, Indiana County, PA (see 
In May, after years of litigation, the U.S. Supreme Court (SCOTUS) provided closure on what is and what is not considered “waters of the United States”–or WOTUS (see 
New shale permits issued for Jun 12-18 in the Marcellus/Utica gained one. There were 21 new permits issued, up from 20 the previous week. Last week’s permit tally included 12 new permits in Pennsylvania, 6 new permits in Ohio, and 3 new permits in West Virginia. Snyder Brothers scored the most new permits, with 9 issued in Armstrong County, PA. INR had the second most new permits, with 4 permits issued in Carroll County, OH.
In the future, when everyone’s favorite groundhog Punxsutawney Phil pokes his head out of his hole in February to tell us whether or not there are another six weeks of winter, he may be looking at shale wastewater trucks coming and going on their way to a new underground injection well just outside of town. Yesterday the federal EPA issued a permit to G2 STEM LLC based in Fairfax, Virginia, to build a Class IID oil and gas wastewater underground injection well in Young Township, Jefferson County, PA. You may know the area by its famous boro, Punxsutawney.
EOG Resources CEO Lloyd “Billy” Helms spoke at the J.P. Morgan Energy, Power and Renewables Conference in New York City yesterday. Helms had some very interesting comments on his company’s strategy moving forward–a strategy of keeping drilling activity in the Permian about even (not expanding), but increasing drilling activity in other plays, including the Ohio Utica.
Gulfport Energy issued a press release yesterday to announce that several unnamed stockholders, referred to as “certain stockholders,” are offering to sell 1.3 million company shares for $95 per share–for a total value of $123.5 million. If the market supports it, there may be an option to buy an additional 195,000 shares (another $18.5 million). Gulfport said it doesn’t benefit from the sale, but the company plans to purchase $25 million of the shares on offer as a buyback.
Encino Energy, now Ohio’s biggest oil producer, has agreed to donate $100,000 over the next five years to the Muskingum Watershed Conservancy Foundation to help fund community projects in Tuscarawas, Harrison, Carroll, and Belmont counties. The donation was announced at a press conference on Tuesday at Tappan Lake Marina in Harrison County. The Muskingum Watershed Conservancy District (MWCD) is an agency formed in 1933 to help control flooding and promote water conservation in the Muskingum River watershed area of Ohio, an area that covers 8,000 square miles. Over the years, MWCD has leased thousands of acres for Utica Shale drilling and cut deals to sell water to drillers for fracking. The result has been well over $100 million in revenue for MWCD–a true game-changer for the agency and the Ohio residents who live in that region.
Far-left environmentalist wackos have learned how to abuse the legal system in the U.S. in their attempts to block fossil energy. One of the places they excel in abusing the system is in Pennsylvania. When the PA Dept. of Environmental Protection (DEP) issues a new permit for a project the left opposes, they appeal the decision to a special court established in PA to hear appeals of DEP decisions, called the Environmental Hearing Board (EHB). The left tries to fool the EHB into ruling against a DEP decision by claiming there is “new information” that should be considered, information that has come to light since the original DEP decision. It’s a sleazy legal tactic. Senate Bill (SB) 198, introduced by PA Sen. Camera Bartolotta (R-Washington), closes that loophole in the legal process.
In 2017, Texas-based Newpark Resources bought out and merged in Well Service Group located in Robinson Township, near Pittsburgh, for $75 million (see