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

    UN Turns Against Carbon Removal Tech as “Unproven” and “Risky”

    May 25, 2023May 25, 2023

    We have warned you, repeatedly, that environmental leftist wackos will NEVER accept fossil fuel energy under any circumstances. If you were to wave a magic wand and take away all carbon dioxide (CO2) emissions from fossil energy, they would still reject it. And we have proof of our assertion. The United Nations (UN), a body governed by leftist thugs and tyrants, now says using machines to remove vast amounts of CO2 from the air and sea to fight climate change is “unproven” and contains “unknown” risks. Ergo, we shouldn’t even try it. Ergo, we must eliminate the use of all fossil fuel energy to save the planet from burning to a cinder.
    Read More “UN Turns Against Carbon Removal Tech as “Unproven” and “Risky””

  • Carbon Capture | Industrywide Issues

    Carbon Offsets are a Scam – CEO of Largest CO2 Certifier Resigns

    May 25, 2023May 25, 2023

    We’ve often compared carbon dioxide (CO2) offsets, or carbon credits, as akin to the practice of the Catholic Church selling indulgences in the Middle Ages to absolve you of your sins (see our stories here). But that doesn’t really work, does it? Your sins don’t magically go away if you pay money. It’s the same with carbon offsets or carbon credits. Companies that buy an offset can keep right on “polluting” or emitting CO2. The overall level of CO2 “pollution” doesn’t change. Paying someone to plant a few trees or use a contraption to suck the CO2 back out of the atmosphere is a scam. A lie. And now, the companies formed to traffic in carbon offsets are being exposed as the frauds they are.
    Read More “Carbon Offsets are a Scam – CEO of Largest CO2 Certifier Resigns”

  • CNG/LNG | Exporting | Industrywide Issues | Research

    EIA Report Ponders the Effect of LNG Exports on U.S. NatGas Market

    May 25, 2023May 25, 2023

    In March, the U.S. Energy Information Administration (EIA) published its Annual Energy Outlook 2023 (see EIA Annual Outlook Predicts O&G, M-U Still Going Strong in 2050). In AEO2023, the EIA considers long-term energy trends in the U.S. and presents an outlook for energy markets through 2050. The same EIA number crunchers are back with a supplement to AEO2023–a report that looks at the effects of exporting LNG on domestic U.S. natgas markets.
    Read More “EIA Report Ponders the Effect of LNG Exports on U.S. NatGas Market”

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

    Dick Glick is Back! DC Consultancy Lobbies Against Fossil Energy

    May 25, 2023May 25, 2023
    Richard Glick

    Richard “Dick” Glick, former Chairman of the Federal Energy Regulatory Commission (FERC), stepped down from FERC in early January after Sen. Joe Manchin refused to conduct a hearing on reappointing him (see Willie Phillips Takes Over as Acting FERC Chairman, Dick Glick Gone). Prior to FERC, Glick was a former wind lobbyist (see Dems Pick Wind Lobbyist for FERC Appointment). We can count on one hand the number of new gas pipeline projects Glick voted to approve. Thank God he’s gone. But what’s this? Like a bad penny, Glick has turned up again. And guess what he’s doing…
    Read More “Dick Glick is Back! DC Consultancy Lobbies Against Fossil Energy”

  • MUI

    MDN Upstream Index (MUI) – May 25, 2023

    May 25, 2023May 25, 2023

    The most recent day of active trading was Wed., May 24, 2023. The numbers below reflect yesterday’s closing numbers.


    Read More “MDN Upstream Index (MUI) – May 25, 2023”

  • Best of the Rest

    Other Stories of Interest: Thu, May 25, 2023

    May 25, 2023May 25, 2023

    NATIONAL: The time to expand mining and streamline permitting is now; INTERNATIONAL: Oil extends rally led by Saudi warning; UK windfall tax case study.
    Read More “Other Stories of Interest: Thu, May 25, 2023”

  • Electrical Generation | Industrywide Issues | Pipelines

    2 New NatGas Peakers Coming to Ontario, Canada – M-U to Feed?

    May 24, 2023May 24, 2023

    We spotted a story from Windsor, Ontario (Canada) that caught our attention. We discovered a new customer for Marcellus/Utica gas might be coming just across the border. The Independent Electricity System Operator (IESO) that controls Ontario’s electricity supply has approved a plan by Capital Power to build two more natural gas peaking units at its East Windsor Cogeneration Centre in Windsor’s Ford City. Where is Ford City? Just across the Detroit River from Detroit, Michigan, and close the Dawn Hub–a major natural gas hub that gets some of its gas from the M-U.
    Read More “2 New NatGas Peakers Coming to Ontario, Canada – M-U to Feed?”

  • Industrywide Issues | Pennsylvania | Regulation | Statewide PA

    PA Dems Water Down Bill Raising Bonding Rates for Conventional Wells

    May 24, 2023May 24, 2023

    Last summer Pennsylvania House Bill (HB) 2644 was passed into law, becoming Act 96 of 2022 (see New PA Act 96 Helps Boost Plugging Orphan Wells – Left Goes Nuts). Part of the new law keeps the right to raise bonding amounts for conventional wells with the legislature rather than allowing PA’s unelected Democrat bureaucrats in the bowels of the DEP’s Environmental Quality Board (EQB) from doing it. The radical Democrats who control the PA House (with a razor-thin, one-seat majority) introduced a bill a few weeks ago attempting to undo HB 2644 (see PIOGA Responds to Bill Raising Bonding Rates for Conventional Wells). That bill, which was going nowhere fast, has been watered down in an attempt to get it to pass.
    Read More “PA Dems Water Down Bill Raising Bonding Rates for Conventional Wells”

  • Hydrogen | Industrywide Issues

    H2 Summit in Pittsburgh Highlights M-U Applications for Hydrogen Hub

    May 24, 2023May 24, 2023

    The second annual Hydrogen Summit was held yesterday in Pittsburgh at the Energy Innovation Center Institute. The summit is a collaboration between Peoples Natural Gas, the Energy Innovation Center Institute, and Bedford Management Partners, with an aim to position the Pittsburgh region to be a leader in global energy innovation. Front and center at yesterday’s confab was talk about two applications from the Marcellus/Utica region hoping to receive money from a $7 billion pot that is part of Biden’s Hunger Games contest, money to be awarded to 6-8 new regional hydrogen hubs.
    Read More “H2 Summit in Pittsburgh Highlights M-U Applications for Hydrogen Hub”

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

    SUPER DUG Event – Biden Intent on Destroying O&G; NatGas on Hold

    May 24, 2023May 24, 2023

    First, there was DUG, the Developing Unconventional Gas industry conference founded and hosted by Hart Energy. Then there were regional editions of DUG, like DUG Permian, DUG Eagle Ford, DUG Bakken, and DUG East (which covered both the Marcellus and Utica). Now, there’s SUPER DUG! Which is the combination of events covering the Permian, Eagle Ford, Midcontinent (SCOOP/STACK), Bakken, and the Rockies (DJ Basin, etc.). SUPER DUG was held yesterday and today in Fort Worth, Texas. There was some interesting news coming from the first day–news about natural gas and about Joe Biden.
    Read More “SUPER DUG Event – Biden Intent on Destroying O&G; NatGas on Hold”

  • Industrywide Issues | Research

    Big Green Report Admits O&G Methane Emissions Fell 28% from 2019-21

    May 24, 2023May 24, 2023

    Three far-left organizations, the Clean Air Task Force (CATF), Ceres, and ERM Group, published their third annual report, “Benchmarking Methane and other GHG Emissions of Oil and Natural Gas Production in the United States” (full copy below), which analyzes the production-based emissions of the largest oil and gas producers in the U.S. While the aim of the report is to name-and-shame big oil and gas companies (the worst offenders) with respect to methane and so-called greenhouse gas emissions, the report could not gloss over the elephant in the room: This year’s analysis found that reported methane and greenhouse gas intensity in the oil and gas sector have declined 28% and 30%, respectively, between 2019 and 2021, despite an increase in natural gas and total hydrocarbon production.
    Read More “Big Green Report Admits O&G Methane Emissions Fell 28% from 2019-21”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues | New York | Regulation | Statewide NY

    Citizens Against Gov’t Waste Awards NY Gov “Porker of the Month”

    May 24, 2023May 24, 2023

    Yesterday, Citizens Against Government Waste (CAGW), an independent, nonpartisan group, named New York Governor Kathy Hochul (Democrat) its May 2023 “Porker of the Month” for signing a budget that bans gas stoves and furnaces in new residential buildings. Hochul signed a $229 billion behemoth budget bill that bans new construction from connecting to natural gas pipelines (outlawing new gas stoves and furnaces), as well as forces the shutdown of seven gas-fired peaker power plants (see NY State has Fallen – Gas Stoves & Peaker Plants Banned in Budget). CAGW says the Hocul budget “is devastating for taxpayers, businesses, and consumers”–especially the gas ban.
    Read More “Citizens Against Gov’t Waste Awards NY Gov “Porker of the Month””

  • Electrical Generation | Hydrogen | Industrywide Issues

    Constellation Ekes Out 38% Hydrogen/NatGas Blend at Alabama Plant

    May 24, 2023May 24, 2023
    Hillabee Energy Center

    We have nothing against using hydrogen as an energy source, other than it will never be able to power your home (see Why 100% Hydrogen Will Never Power Your Home; Why Antis Hate H2). One of the “promises” of hydrogen is that it can potentially be used as the main fuel in electric power plants–replacing natural gas in that role. Based on what we’ve read, we think it’s a pipe dream (pun intended). But companies continue to experiment with using hydrogen in gas-fired power plants. The first step is to combine hydrogen with natural gas and gradually increase the volume of hydrogen used.
    Read More “Constellation Ekes Out 38% Hydrogen/NatGas Blend at Alabama Plant”

  • MUI

    MDN Upstream Index (MUI) – May 24, 2023

    May 24, 2023May 24, 2023

    The most recent day of active trading was Tue., May 23, 2023. The numbers below reflect yesterday’s closing numbers.


    Read More “MDN Upstream Index (MUI) – May 24, 2023”

  • Best of the Rest

    Other Stories of Interest: Wed, May 24, 2023

    May 24, 2023May 24, 2023

    MARCELLUS/UTICA REGION: PA Supreme Court to consider legality of joining RGGI; OTHER U.S. REGIONS: PDC Energy deal makes Chevron even more formidable in Colorado; Texas, New York take divergent paths on natural gas generation; NATIONAL: Natural gas falls for 3rd consecutive session; Current correction in natural gas sets up for next advance; Biden climate warrior nominee has big stake in oil and gas firm; Biden energy officials snub House GOP hearing on gas stove regs; INTERNATIONAL: Qatar warns Europe of gas shortages; Scotland taps AI to accelerate green hydrogen production; The race to secure long-term LNG contracts; Environmental NGOs – saviors of humanity or predatory special interests?
    Read More “Other Stories of Interest: Wed, May 24, 2023”

  • Commodity Price | Industrywide Issues

    As NatGas Production Stays High & Wx Moderate, Henry Hub Drops 8%

    May 23, 2023May 23, 2023

    Although last week saw a nice increase in the futures price for natural gas (the NYMEX front month contract for June, for gas traded at the Henry Hub in Louisiana), the price decreased once again yesterday, dropping 7.7% (-$0.18) to $2.40/MMBtu, which erased more than half of the gains from last week. Why? Primarily because production remains at or near all-time highs of 100 billion cubic feet per day (Bcf/d), and the weather is mild right now–no extreme heat to cause folks to turn on the air conditioner (causing the need for more gas-fired electricity). So here we sit, with the price of natgas still bumping around under $2.50/MMBtu. Bummer.
    Read More “As NatGas Production Stays High & Wx Moderate, Henry Hub Drops 8%”

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