Work Proceeds on NJNG Gas Regulator Station in Holmdel, NJ
In late December, the New Jersey Board of Public Utilities (BPU) voted to grant permission to New Jersey Natural Gas (NJNG) to build a pipeline regulator station in Holmdel, NJ. What does a regulator station do? It reduces pressure on the underground natural gas pipelines that already exist in the area, running underneath the ground in Holmdel Township and throughout Monmouth County. Ultimately, a regulator station will ensure the reliability of the pipelines and gas that flows in the area. The new station will replace a currently-operating temporary regulator station. Yet the “leaders” of Holmdel voted to appeal the BPU decision to court, allocating up to $20,000 of taxpayer money for legal fees in what is sure to be a fruitless attempt at overturning the BPU decision (see Antis Oppose Simple & Safe Gas Regulator Station in Holmdel, NJ). The good news is that construction is happening and the regulator station will soon be done.
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OTHER U.S. REGIONS: Cheniere and Equinor sign long-term LNG sale and purchase deal; The Permian Basin is out-producing Saudi Arabia’s Ghawar Field; NATIONAL: URTeC: Shale production? It’s complicated.; INTERNATIONAL: Energy in the age of pragmatism.
Earlier this month, we noticed a short Bloomberg article about a stray comment made by Exxon Mobile CEO Darren Woods. He was speaking at the Bernstein Annual Strategic Decisions Conference held on June 1 in New York City. Woods said he has tasked the brainiacs who work for Exxon to figure out a way to improve fracking, which (Woods said), is still “not well understood.” Woods wants to double oil recovery from fracked wells. Folks, doubling oil (and gas!) recovery via fracking would launch the second shale revolution!
The great state of Pennsylvania has an Independent Fiscal Office (IFO), created by Act 120 of 2010 and Act 100 of 2016. The IFO analyzes fiscal proposals made by state agencies and is nonpartisan with its analyses. PA State Senator Gene Yaw, from Lycoming County, introduced a bill earlier this week to create an Independent Energy Office (IEO) modeled along the same line as the IFO. It’s time to get an objective view of the policies proposed by both the left and the right–and how those energy policies will affect residents of PA.
Drilling Tools International (DTI) has just received a major cash infusion of $40.8 million to expand and begin trading as a public company. DTI is a Houston, Texas-based oilfield services company that manufactures and rents downhole drilling tools used in horizontal and directional drilling of oil and natural gas wells. DTI, a private company until now, operates from 22 locations across North America, Europe, and the Middle East, including a location in Charleroi (Washington County), PA, where it services Marcellus/Utica drillers.
The Tennessee Valley Authority (TVA) is a federally-owned electric utility corporation in the U.S. TVA’s service area covers all of Tennessee, portions of Alabama, Mississippi, and Kentucky, and small areas of Georgia, North Carolina, and Virginia. TVA is the sixth-largest power supplier and the largest public utility in the U.S. Two years ago, MDN told you that TVA is spending over $1 billion to replace six coal-fired plants with natgas-fired turbines (see 
MDN has repeatedly warned you that the International Energy Agency (IEA) has become a political shill for the extreme left environmental movement. Two years ago, the IEA published its laughable Net Zero Roadmap (see 
Very quietly, without issuing a press release, CNX Resources, headquartered in Canonsburg, PA (near Pittsburgh), filed a Form 8-K with the Securities and Exchange Commission to say that on June 15, the company entered into a “definitive purchase sales agreement” to sell various non-operated producing oil and gas assets primarily located in the Appalachian basin to a third party for $125 million. And that’s about the sum total of what we know.
The weekly rig count in the U.S., particularly in gas-focused plays, continues to be of concern. That is, it keeps decreasing and then not recovering the decrease. Last Thursday, Baker Hughes said the U.S. lost another eight rigs total (oil and gas)–the seventh week in a row the rig count has decreased. Two weeks ago, the cumulative Marcellus/Utica rig count was even at 49 rigs (see 
Early last week, we published a post about the possibility that Equitrans would revive its moribund project to build the 75-mile Mountain Valley Pipeline (MVP) Southgate project from the current MVP terminus in Pittsylvania County, VA, to Alamance County, NC (see 
An article in the Pittsburgh Post-Gazette tackles the issues of permit reform, environmental justice, and the intersection of the two. The article asks and attempts to answer the question, “How does one shape the other?” Based on quotes and comments in the story coming from the Shapiro administration, particularly from Acting Secretary of the Dept. of Environmental Protection (DEP), Rich Negrin, it’s obvious that Shapiro intends to redefine “environmental justice” so broadly that it will become meaningless. The aim seems to be to turn environmental justice into a blunt force instrument the left can use to deny any energy permit they don’t want to issue.