Other Stories of Interest: Mon, Jun 12, 2023
MARCELLUS/UTICA REGION: Senator Yaw comments on Virginia Air Board canceling of RGGI.
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Va. Air Board Approves Gov. Youngkin’s Plan to Withdraw from RGGI
In 2021 as he was running for the office of Governor in Virginia, Glenn Youngkin pledged if he won, he would remove the state from the onerous carbon tax on coal- and gas-fired power plants called the Regional Greenhouse Gas Initiative (RGGI). True to his word, after winning, Younkin pledged to ax RGGI with an executive order (see VA’s New Republican Gov Pledges to Cancel RGGI Carbon Tax). But then Virginia’s Democrat Attorney General declared Younkin could not just use an executive order to remove the state from RGGI (see Va. Gov. Youngkin Can’t Use Exec Order to Block RGGI Carbon Tax). It’s taken over a year, but Youngkin is now on the verge of keeping his RGGI promise following a vote by the Va. Air Pollution Control Board.
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Anti-Drilling/Fossil Fuel | Electrical Generation | Industrywide Issues | Pennsylvania | Research | Statewide PA | Taxation
Big Green Sham “Report” Says PA RGGI Carbon Tax Cuts Electric Bills
A radicalized left-wing organization hellbent on forcing the end of fossil energy called Evergreen Action, along with another radical nonprofit called Ceres, partnered and paid a for-profit company called Synapse Energy Economics (that works exclusively for left-wing groups) to produce a completely sham and false “report” that (try not to laugh) claims Pennsylvania residents will pay less for their electricity under the onerous, Marcellus-killing Regional Greenhouse Gas Initiative (RGGI) carbon tax.
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Anti-Drilling/Fossil Fuel | Energy Services | Equitrans/EQT Midstream | Industrywide Issues | Pipelines
Climate Crazies & Brainwashed Kids Protest MVP at White House
Yesterday a group of paid activists and climate zealots showed up at the White House to protest the debt ceiling bill provision that forces the completion of the 94%, very safe, Mountain Valley Pipeline (MVP) project. In what has to be one of the saddest things we’ve seen coming from the leftwing nutmob, one parent actually pushed her seven-year-old to the microphone to tear up and declare MVP would ruin the environment. Oh, and the kid doesn’t even live along the path of the pipeline! Not even in the same state!! That’s called brainwashing. What kind of parent scares their kid like this, telling them lies about a simple and safe natural gas pipeline? SHAME on you.
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MiQ & Highwood Release New Index to Measure O&G Methane Intensity
MiQ and Highwood Emissions Management (HEM) yesterday released the world’s first “open-access, measurement-informed methane intensity index” for the U.S. natural gas sector. The MiQ-Highwood Index™ estimates (and the keyword there is ESTIMATES) a methane emissions intensity of 1% leakage from the production sector alone, and 2.2% leakage for the entire natural gas supply chain. Those numbers exceed current national averages suggested by the EPA’s Greenhouse Gas Inventory and GREET natural gas pathway models. The aim of the new MiQ-Highwood Index is methane shaming–to shame producers and pipeline companies into spending gobs of money to prevent every last molecule of methane from “escaping” (like a fugitive) into Mom Earth’s atmosphere.
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NET Power Completes $1.5B Merger with Rice Acquisition Corp.
Last December, Rice Acquisition Corp II, a special purpose acquisition company (SPAC) started by the Rice brothers (Danny, Toby, and Derek), announced a deal to acquire NET Power–an electric power developer with revolutionary new technology to capture every last molecule of carbon dioxide from natural gas-fired power plants (see Dan Rice Buys Co. that Builds Zero-Carbon Gas-Fired Electric Plants). The Rice deal to buy NET Power happened yesterday, and Danny Rice is the new CEO of NET Power.
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Antero Resources | Ascent Resources | Belmont County | Bradford County | Chesapeake Energy | Energy Companies | EQT Corp | Greene County (PA) | Guernsey County | Ohio | Pennsylvania | Range Resources Corp | Ritchie County | Southwestern Energy | Washington County | Weekly Permits | West Virginia
25 New Shale Well Permits Issued for PA-OH-WV May 29-Jun 4
New shale permits issued for May 29-Jun 4 in the Marcellus/Utica finally went higher again last week. There were 25 new permits issued, up from the dismal 8 new permits issued the previous week. Last week’s permit tally included 13 new permits for Pennsylvania, 6 new permits for Ohio, and 6 new permits in West Virginia. EQT scored the most new permits with 7 issued in Greene County, PA. Close behind in the #2 position was Antero Resources, with 6 new permits issued in Ritchie County, WV.
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Other Stories of Interest: Fri, Jun 9, 2023
OTHER U.S. REGIONS: Calif. will fall 21% short of power needed to meet 2045 EV mandate; NATIONAL: O&G companies jumping on hydrogen, but overrated; INTERNATIONAL: Macquarie group reveals oil market outlook; Russia ratifies agreement on natural gas supply with China.
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Anti-Drilling/Fossil Fuel | Energy Services | Equitrans/EQT Midstream | Industrywide Issues | Litigation | Pipelines | Regulation
Equitrans Files to Dismiss 2 Remaining Lawsuits Blocking MVP
Last week, the U.S. House and Senate voted to approve the Fiscal Responsibility Act of 2023, to raise the debt ceiling. President Biden signed the bill on Saturday. A section in the bill forces federal government agencies and courts to complete all necessary authorizations to finish building the 94% completed Mountain Valley Pipeline (see Equitrans Announces Mountain Valley Pipe to Get Completed in 2023). The bill removes the right of the U.S. Court of Appeals for the Fourth Circuit (4th Circuit) to hear any more cases concerning MVP. There are two current active cases before the clown judges of the 4th Circuit. Equitrans (MVP) has filed a motion to dismiss both lawsuits.
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EIA Slashes 2023/24 NatGas Price Prediction in June STEO Report
Once a month, U.S. Energy Information Administration (EIA) analysts 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. Last month the EIA predicted an average price at the Henry Hub of $2.91/MMBtu for 2023, and $3.72/MMBtu for 2024 (see U.S. NatGas Production to Hit Record High in 2023, Demand to Fall). The June STEO, issued earlier this week, lowers both of those projections once again–trimming the 2023 number by 8.8% and the 2024 number by 8%.
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Northeast Natural Energy Drilling for NatGas for “Decades to Come”
Last week MDN brought you the news that Northeast Natural Energy (NNE) has begun to drill a geothermal and carbon capture and sequestration (CCS) data collection well as part of a study being conducted by West Virginia University and the U.S. Dept. of Energy (see M-U Driller Northeast Natural Energy Believes Geothermal the Future). We highlighted comments by an NNE employee that implied the company views its future as drilling geothermal wells instead of drilling for natural gas. After that post, NNE sent us an official statement to clarify that the company DOES believe drilling for and using natural gas will be here for “many decades to come.”
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Fed Judge Certifies Class Action Against Glenn O. Hawbaker, Inc.
Glenn O. Hawbaker, Inc., long known for providing stone quarries and asphalt plants in Pennsylvania and Ohio, also provides civil construction services for shale well sites. In August 2021, Pennsylvania Attorney General Josh Shapiro announced a plea deal with Hawbaker to pay back $20 million in alleged “stolen wages” from over 1,000 Hawbaker employees (see PA Construction Co. Glenn Hawbaker Pays $20M for “Stolen Wages”). According to Shapiro’s office, Hawbaker deposited retirement funds from one set of employees into a retirement fund account that benefits other employees, including Hawbaker management. Following the plea deal, three former Hawbaker employees filed a civil lawsuit against the company, asking a federal judge to convert their lawsuit into a class action (see Judge Asked to Certify Class Action Against Glenn O. Hawbaker, Inc.). On Tuesday, June 6, the judge granted their request.
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PA’s Johnny One-Note Dems Once Again Harp on Severance Tax
Here we go again. The shale-hating Democrats of the Pennsylvania legislature have floated a resolution to “study” how much money the Commonwealth is losing by not imposing an obscene severance tax on top of the existing impact fee (which is a severance tax by another name). Every single year Tom Wolf occupied the governor’s chair (eight loooooong years), his budgets insisted on including a Marcellus-killing severance tax. And every single year, the Republican-controlled legislature wisely refused. With a new Democrat governor, Josh “do nothing” Shapiro, and with the Dems now controlling the House (by a single vote), they are at it again–hoping to enact a Marcellus-killing severance tax. The first step is to “study” it…
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Groups Buying Media to Attack American Energy Have Ties to Russia
Russia is not only an evil actor by invading a neighbor and murdering innocent civilians (Ukraine), for years, Russia has been an evil actor by funding Big Green groups that target U.S. domestic energy production. An expose running in RealClearEnergy details how Russia has funded organizations that have hired “journalists” to write propaganda against American energy companies. This one will make your blood boil…
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Other Stories of Interest: Thu, Jun 8, 2023
MARCELLUS/UTICA REGION: WV governor announces company to turn plastics into hydrogen; Cindy Adams Dunn confirmed to serve as Secretary DCNR; Senate Republicans pass bill taking ‘Protection’ out of DEP name; NATIONAL: Biden admin is preparing to target Americans’ gas furnaces amid stove crackdown; Williams to complete two US natgas pipe projects on time in Q4 2024; Slow pace of US gas infrastructure buildout is ‘recipe for disaster’; House panel investigates ties between Interior secretary, antis; INTERNATIONAL: Exxon CEO tells Europe to follow USA approach to climate action.
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Country’s Biggest Natural Gas Power Plant (in OH) Begins Operation
Guernsey Power Station (click for larger version) The massive 1,875-megawatt Marcellus/Utica gas-fired electric generating station built in southern Guernsey County in Ohio–the Guernsey Power Station–is now online. Break out the party hats and noisemakers! The original plan called for the plant to be done and online in October 2022. Then came word it would be done and online in December 2022 (see Country’s Biggest NatGas Power Plant (in OH) Delayed by 2 Months). Better six months late than never!
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