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Marcellus Drilling News
  • Anti-Drilling/Fossil Fuel | Industrywide Issues | Research

    Ice Core Samples Debunk Theory of Man-Made Global Warming

    May 9, 2023May 9, 2023

    We’ve noticed that the more science and objective proof is offered to prove that the warming of planet Earth is a natural cycle and not caused by humans, the more shrill and unhinged the left becomes. They resort to name-calling (you’re a “climate denier”), and they even, in their unguarded moments, suggest that perhaps people who espouse an opinion different from theirs should be jailed (see RIT Professor Says Jail Those Who Don’t Believe in Global Warming). The left cannot defend its positions in a rational debate, so they seek to shut down the debate. They declare, “science has spoken” as if the pronouncement has come from the mouth of God. Science has done nothing of the sort. Science doesn’t speak–it’s an iterative process that changes and improves with time. Science is also measurable and repeatable.
    Read More “Ice Core Samples Debunk Theory of Man-Made Global Warming”

  • MUI

    MDN Upstream Index (MUI) – May 9, 2023

    May 9, 2023May 9, 2023

    The most recent day of active trading was Mon., May 8, 2023. The numbers below reflect yesterday’s closing numbers.


    Read More “MDN Upstream Index (MUI) – May 9, 2023”

  • Best of the Rest

    Other Stories of Interest: Tue, May 9, 2023

    May 9, 2023May 9, 2023

    NATIONAL: Partners in clean ammonia projects eye billions in federal tax incentives; Wind and solar are not nearly enough – Biden suddenly supports fossil fuels; Just how important is the U.S. shale industry?; Dozens of Dem lawmakers pressure White House to crack down on natural gas; Supreme Court rules day rate workers entitled to overtime pay; INTERNATIONAL: OPEC+ has lots of dry powder for further cuts; Europe ended winter with most natgas in storage on record.
    Read More “Other Stories of Interest: Tue, May 9, 2023”

  • Coterra Energy (Cabot O&G) | Energy Companies

    Coterra Shifting Focus and $$ from Marcellus Gas to Permian Oil

    May 8, 2023May 8, 2023

    This is precisely what we feared might happen and why we were against the merger of Cimarex Energy and Cabot Oil & Gas, now called Coterra Energy (see Cimarex Takes Over Cabot, Merged Co. Called “Coterra Energy”). In Friday’s quarterly update, we learned that Coterra is dropping two rigs and cutting back to one frac crew in the Marcellus (a plan that was announced earlier this year). We also learned that Coterra will milk the Marcellus cash cow and use that money to finance more work in the oily Permian (Texas) play.
    Read More “Coterra Shifting Focus and $$ from Marcellus Gas to Permian Oil”

  • Crime | Energy Services | Industrywide Issues | Lawrence County | MarkWest Energy | Pennsylvania | Pipelines

    PA AG Indicts 2 Workers for Conspiracy, Fraud re MarkWest Pipeline

    May 8, 2023May 8, 2023

    On Friday, Pennsylvania Attorney General Michelle Henry announced her office has filed criminal charges against two men for falsifying paperwork and risking catastrophe while working on a natural gas pipeline project in western PA. The AG’s Environmental Crime Section and the US Department of Transportation’s Office of Inspector General investigated a case of suspected fraud in falsifying records for portions of a MarkWest Liberty Pipeline to transport NGLs.
    Read More “PA AG Indicts 2 Workers for Conspiracy, Fraud re MarkWest Pipeline”

  • Accidents | Elk County | Energy Companies | Hydraulic Fracturing | Industrywide Issues | Pennsylvania | Seneca Resources

    Seneca Well Site Accident in Elk County Spills 63K Gals. of Brine

    May 8, 2023May 8, 2023

    Most water used for fracking new shale wells in Pennsylvania comes from produced water (i.e. brine)–from other shale wells. Produced water is water from the depths, far below the surface water table, that comes out of a drilled shale well for months and years after the well is drilled. The water is naturally occurring but full of minerals that make it salty–hence the moniker of brine water. While it’s naturally occurring thousands of feet below the surface, produced water is not “natural” when sitting on top of the ground. Unfortunately, Seneca Resources recently experienced a sizable spill of produced water when pumping it to a well the company was fracking on State Game Lands in Jones Township, Elk County.
    Read More “Seneca Well Site Accident in Elk County Spills 63K Gals. of Brine”

  • Beaver County | Energy Companies | Ethane | Industrywide Issues | Pennsylvania | Processing Plants | Shell

    Shell CEO Calls PA Cracker Plant Problems “Technical Niggles”

    May 8, 2023May 8, 2023

    The Shell ethane cracker plant in Beaver County, PA (near Pittsburgh) has experienced a number of problems over the past six months during startup, including flaring and foul odors (see Shell Hosts Virtual Meeting with Community re Cracker Problems). Last Thursday, Shell (the mothership company) issued its first quarter update, including a conference call with analysts. Newly-minuted CEO Wael Sawan addressed the issue of the problems at the PA cracker plant, referring to the problems as “technical niggles.” Yeah, he stuck his foot in his mouth.
    Read More “Shell CEO Calls PA Cracker Plant Problems “Technical Niggles””

  • Anti-Drilling/Fossil Fuel | Hamilton County | Industrywide Issues | Ohio | Regulation

    CELDF, CROW Trying to Bestow Ohio River Watershed with Human Rights

    May 8, 2023May 8, 2023

    The Pennsylvania-based Community Environmental Legal Defense Fund (CELDF), along with Citizens for Rights of the Ohio River Watershed (CROW), are trying to gather enough signatures from Cincinnati residents to put a measure on a city ballot that would create a so-called Bill of Rights (i.e. bestow human rights) for the Ohio River and its watershed. We wonder what the Ohio River “thinks” about that! This isn’t the first time the radicalized CELDF has tried this stunt in Ohio (see Little Mahoning Watershed to Testify in Court Case (??)).
    Read More “CELDF, CROW Trying to Bestow Ohio River Watershed with Human Rights”

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

    Biden DOT Issues New Partisan Methane Rules for All Gas Pipelines

    May 8, 2023May 8, 2023

    Another breathtaking attempt to strip away the power to regulate oil and gas from the states and concentrate it in unelected bureaucracies (the DC swamp). This latest attempt comes from the Dept. of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA). On Friday, the PHMSA issued a proposed new rule that would slap onerous and very expensive new requirements on pretty much all natural gas pipelines in the country, including 2.7 million miles of gas transmission, distribution, and gathering pipelines; 400+ underground natural gas storage facilities; and 165 liquefied natural gas facilities.
    Read More “Biden DOT Issues New Partisan Methane Rules for All Gas Pipelines”

  • Electrical Generation | Industrywide Issues | Regulation

    FERC Tells Senators We’re Quickly Heading for an Electricity Crisis

    May 8, 2023May 8, 2023

    Here’s something truly noteworthy–something you need to sit up and pay attention to. Last Thursday, all four Federal Energy Regulatory Commission (FERC) commissioners–two Democrats and two Republicans–sat before the Senate Energy and Natural Resources Committee in a hearing and said the same thing. All four FERC commissioners warned the Senators that too many coal- and gas-fired power plants are retiring without enough new sources coming online to replace them. They said the situation is “catastrophic” and “the red lights are flashing.”
    Read More “FERC Tells Senators We’re Quickly Heading for an Electricity Crisis”

  • MUI

    MDN Upstream Index (MUI) – May 8, 2023

    May 8, 2023May 8, 2023

    The most recent day of active trading was Fri., May 5, 2023. The numbers below reflect Friday’s closing numbers.


    Read More “MDN Upstream Index (MUI) – May 8, 2023”

  • Best of the Rest

    Other Stories of Interest: Mon, May 8, 2023

    May 8, 2023May 8, 2023

    NATIONAL: Big Oil has $150 billion in cash – investors want a share; US weekly oil & gas rig count falls by the most since February; INTERNATIONAL: Russia seeks to become top LNG supplier by tripling exports; European natural gas prices fall to 21-month low.
    Read More “Other Stories of Interest: Mon, May 8, 2023”

  • Energy Companies | Industrywide Issues | M&A | Pennsylvania | Potter County | Seneca Resources | Southwestern Energy | Tioga County (PA)

    Seneca Resources Buys Southwestern Assets in Tioga County, PA

    May 5, 2023May 5, 2023

    National Fuel Gas Company (NFG), headquartered in Buffalo, NY, is the parent company for Marcellus/Utica driller Seneca Resources and the parent of midstream company Empire Pipeline. Earlier this week, NFG issued its latest quarterly update. NFG operates on a weird fiscal year system. This latest update is for the company’s second quarter, which would be everybody else’s first quarter update. The big news from the update is that Seneca Resources has agreed to acquire upstream assets in northwestern Pennsylvania from Southwestern Energy for $127 million.
    Read More “Seneca Resources Buys Southwestern Assets in Tioga County, PA”

  • Energy Services | Industrywide Issues | Pipelines | Transco | Williams

    Williams 1Q – Regional Energy Access Pipe Coming Online Early

    May 5, 2023May 5, 2023

    Williams, one of the largest pipeline companies in the world, issued its first quarter update yesterday. The company reported 1Q23 net income increased by $547 million to $926 million, up from $379 million in 1Q22 due to unrealized gains (and losses) on commodity derivatives, the benefit of higher service revenues driven by contributions from recent acquisitions, increased volumes at Ohio Valley Midstream, as well as higher commodity marketing margins. CEO and President Alan Armstrong said, “We remain squarely focused on our natural gas-focused strategy.” The Marcellus/Utica plays a big part in the company’s gas-focused strategy.
    Read More “Williams 1Q – Regional Energy Access Pipe Coming Online Early”

  • Industrywide Issues | Research

    EIA Says U.S. NatGas Production & Withdrawals Hit 40+ Year Highs

    May 5, 2023May 5, 2023

    The U.S. Energy Information Administration (EIA), which tracks all things energy, reports natural gas production in the U.S. has increased for 23 consecutive months, due to an increase in demand from gas-fired power plants and LNG export operations. In fact, U.S. dry natgas production in February averaged 101.5 Bcf/d (billion cubic feet per day), the highest level for any month since 1973! Gross withdrawals (usage, including exports) were 123.1 Bcf/d in February, the highest daily rate of gross withdrawals for any month since 1980! Why do we not see mainstream media trumpeting these numbers?
    Read More “EIA Says U.S. NatGas Production & Withdrawals Hit 40+ Year Highs”

  • Antero Resources | Chesapeake Energy | Commodity Price | Energy Companies | EQT Corp | Industrywide Issues | Southwestern Energy

    M-U Drillers Predict NatGas Price Rebound in 2024, Supplies Decrease

    May 5, 2023May 5, 2023

    We are currently in the latest quarterly update season. In fact, we are about done with quarterly updates for the first quarter. Most (if not all) of the publicly traded Marcellus/Utica drillers have turned in their quarterly updates, as well as gas drillers from other plays (like the Haynesville). If you review the statements made by U.S. gas drillers in this latest round of updates, you’ll find the sentiment expressed that although we’re currently in the price basement for natural gas, most drillers don’t think it’s going last long. They think low prices for natgas are short-lived and that a rebound awaits us in 2024.
    Read More “M-U Drillers Predict NatGas Price Rebound in 2024, Supplies Decrease”

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