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Marcellus Drilling News
  • Electrical Generation | Industrywide Issues | Pennsylvania | Statewide PA | Taxation

    Big Green in Full Propaganda Mode Lying About PA RGGI Carbon Tax

    May 23, 2023May 23, 2023

    We’ve noticed over the past several weeks a coordinated effort among Big Green groups, including the Sierra Club, Analysis Group, the so-called Resources for the Future, the Kleinman Center for Energy Policy, and others, engaged in a full-court press to try and convince Pennsylvanian’s that the Regional Greenhouse Gas Initiative (RGGI), a HUGE tax on carbon dioxide emissions aimed at closing down coal and natural gas-fired power plants in the state, won’t increase electric rates, will clean up the air, and in general, will make Pennsylvanian’s lives happier, live longer, and have better sex. (Well, they don’t mention the sex part, but it’s implied.) We can categorically say, THEY ARE LYING. The simple truth is that these groups are ALL anti-fossil energy and they seek to DESTROY the shale industry. And yes, RGGI will raise your electric rates if you live in PA.
    Read More “Big Green in Full Propaganda Mode Lying About PA RGGI Carbon Tax”

  • Anti-Drilling/Fossil Fuel | Electrical Generation | Industrywide Issues | Litigation | Regulation | Statewide WV | West Virginia

    WV to Lead New Legal Challenge of EPA Power Plant Emissions Regs

    May 23, 2023May 23, 2023

    Two weeks ago, the Bidenistas at the Environmental Protection Agency (EPA) released a hellscape of new regulations aimed at forcing coal- and natural gas-fired power plants to close (see New Biden EPA Regs a “Death Sentence” for Fossil-Fuel Power Plants). West Virginia coal, oil, and natural gas stakeholders, along with state politicians, are not happy. There is noise that WV Attorney General Patrick Morrisey will lead a new court challenge against these latest EPA regulations.
    Read More “WV to Lead New Legal Challenge of EPA Power Plant Emissions Regs”

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

    Biden EPA Cut Corners with New Reg to Limit Fossil Fuel Power Plants

    May 23, 2023May 23, 2023

    Two weeks ago, the Bidenistas at the EPA issued, for a second time, new regulations aimed at controlling how much carbon dioxide (CO2, the stuff you breathe out with every breath you take) electric power plants can emit. West Virginia intends to overturn the new regulations with a lawsuit, the same as the state did last year (see West Virginia Wins Supreme Court Case Against EPA re Power Plants). What we didn’t know until today is that this latest EPA reg was originally intended to try and kill off all remaining coal-fired power plants only–not gas-fired plants. Last-minute political prompting from the Biden White House goaded the EPA to add gas-fired plants too. But the agency hurried and cut corners to do it.
    Read More “Biden EPA Cut Corners with New Reg to Limit Fossil Fuel Power Plants”

  • Commodity Price | Industrywide Issues | Pipelines | Research

    ACCF Study Finds Building More Pipes Decreases NatGas Price by 10%

    May 23, 2023May 23, 2023

    The American Council for Capital Formation (ACCF) is a nonprofit, nonpartisan economic policy organization that tilts to the conservative side. ACCF advocates for better (and less) regulation, innovation in energy policy, dynamic free trade, and better infrastructure policy. Yesterday the ACCF released a new study that shows the U.S. natural gas market remains “robust” and will have no problem meeting both growing domestic consumption and growing exports–all at relatively low prices. A key point made by the study is that natural gas prices can be even lower, 10% lower, for both ratepayers and for LNG customers–if the government would ease permitting delays for building new pipelines.
    Read More “ACCF Study Finds Building More Pipes Decreases NatGas Price by 10%”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues

    FACT: Solar & Wind Don’t Manufacture Anything – Oil & Gas Do

    May 23, 2023May 23, 2023
    click for larger version

    Those who advocate for “leave it in the ground” and the elimination of all fossil fuels are, quite literally, bonkers. They are either ignorant of the facts, or (worse) they know the facts yet intentionally ignore them. We’d like to share the facts with you today. Your modern life is made possible solely through fossil fuels. Period. The products you use daily (including reading these words on a computer or phone) are manufactured from oil and gas (fossil fuels). Without fossil fuels, modern life is over. Done. We go back to living like the pioneers. No cars or airplanes. No plastic tubing and no life support machines in hospitals. No modern conveniences of any kind. It’s all gone.
    Read More “FACT: Solar & Wind Don’t Manufacture Anything – Oil & Gas Do”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues

    LOL! CO2 Causes Global Cooling – at Same Time as Global Warming

    May 23, 2023May 23, 2023

    We have incontrovertible evidence that you have been played as a dunce, a rube, if you believe burning fossil fuels leads to too much carbon dioxide (CO2) in the atmosphere, and that too much CO2 heats up the planet. For decades the left has tried to convince (force brainwash) the theory that too much CO2 causes an invisible canopy, which causes heat to be trapped, leading to global warming. Now, the very same people are claiming that too much CO2 also causes “rapid cooling” in the atmosphere, and that this cooling is even worse for Mom Earth than the effects of global warming! So we have global warming AND global cooling at the same time, from CO2, according to the “experts.”
    Read More “LOL! CO2 Causes Global Cooling – at Same Time as Global Warming”

  • MUI

    MDN Upstream Index (MUI) – May 23, 2023

    May 23, 2023May 23, 2023

    The most recent day of active trading was Mon., May 22, 2023. The numbers below reflect yesterday’s closing numbers.


    Read More “MDN Upstream Index (MUI) – May 23, 2023”

  • Best of the Rest

    Other Stories of Interest: Tue, May 23, 2023

    May 23, 2023May 23, 2023

    OTHER U.S. REGIONS: Chevron buying PDC Energy for $6.3 billion; Exxon’s $100 million acquisition suggests it may drill for electric cars; NATIONAL: What new oil and gas jobs will exist in the future?; What’s driving the energy industry’s latest cycle of consolidation?; Wind farms raise temperatures at the surface level; INTERNATIONAL: What will world oil demand be in 2023?; EIA expects lower crude oil prices for the 2H of 2023 and for 2024.
    Read More “Other Stories of Interest: Tue, May 23, 2023”

  • Anti-Drilling/Fossil Fuel | CNG/LNG | Industrywide Issues | Pipelines

    Nightmare in Boston – Everett LNG Import Terminal May Close 2024

    May 22, 2023May 22, 2023
    Everett LNG import terminal

    The Democrat left’s blockade of new natural gas pipelines from the Pennsylvania Marcellus Shale into New England is about to be exposed as the biggest mistake ever made by people like current Massachusetts Gov. Maura Healey (who blocked pipelines as Attorney General). Next year, New England’s biggest natural gas-fired power plant–the Mystic Generating Station in Everett, MA (Boston suburb)–will shut down. It’s no longer profitable for the owner, Constellation Energy, to keep operating. Next door to the power plant is another facility owned by Constellation–the Everett LNG import terminal, which accepts and regasifies foreign natural gas. Speculation is that since the power plant’s main source of gas comes from the LNG import terminal, the LNG terminal may close down too. Which means Boston and New England are in deep doo-doo.
    Read More “Nightmare in Boston – Everett LNG Import Terminal May Close 2024”

  • Energy Services | Equitrans/EQT Midstream | Industrywide Issues | Pipelines | Regulation | Statewide VA | Statewide WV | Virginia | West Virginia

    BLM Approves MVP ROW Through Jefferson Natl Forest – Part III

    May 22, 2023May 22, 2023

    Last week MDN told you the U.S. Forest Service (USFS) had given final approval to Mountain Valley Pipeline (MVP) to install pipe through 3.5 miles of woodlands, and under the Appalachian Trail, in the Jefferson National Forest in Monroe County in West Virginia, in and Giles and Montgomery counties in Virginia for the THIRD time (see USFS Approves Plan for MVP to Build Through Jefferson Natl Forest). Approval was subject to the Biden Bureau of Land Management (BLM) endorsing USFS’s plan by issuing a right-of-way grant and permit. BLM’s approval came a few days later.
    Read More “BLM Approves MVP ROW Through Jefferson Natl Forest – Part III”

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

    Shell PA Cracker Plant Remains Shut Down for “Few Weeks” at Least

    May 22, 2023May 22, 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). Earlier this month, Shell’s new CEO called the cracker plant problems “technical niggles,” meaning minor irritations (see Shell CEO Calls PA Cracker Plant Problems “Technical Niggles”). It looks like the problems are more than just niggles. The plant is shut down and will remain so for at least “the next few weeks,” according to Shell.
    Read More “Shell PA Cracker Plant Remains Shut Down for “Few Weeks” at Least”

  • Electrical Generation | Energy Companies | ESG | Industrywide Issues | Rice Energy

    Dan Rice’s Net-Zero CO2 Co. Gets $50M Investment from South Korea

    May 22, 2023May 22, 2023

    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 deal is not yet consummated but is getting close. In April, we told you that two of the investors in the venture, Occidental Petroleum and the Rice boys themselves, were kicking in a combined extra $275 million to help close the deal (see Dan Rice’s New “Net-Zero” CO2 Company Gets Extra $275M Investment). On Friday, the deal got another $50 million cash infusion from South Korea.
    Read More “Dan Rice’s Net-Zero CO2 Co. Gets $50M Investment from South Korea”

  • Industrywide Issues | Research

    Weekly Rig Count Down Big Again – This Time Oil, Not Gas Rigs

    May 22, 2023May 22, 2023

    Oilfield services company (OFS) Baker Hughes is the keeper of the venerable oil and gas industry rig count, which it has been tabulating since 1944. Last Monday, we reported on the previous Friday’s rig count as a gut punch to the natural gas sector, with some 16 gas-focused rigs being taken out of service (see U.S. Natural Gas Drilling Rig Count Craters, Down 10% in One Week). The prevailing theory is that there is a massive pullback on new natgas drilling due to ongoing low prices for gas. We cautioned that one week does not make a trend. Let’s see what happens in future weeks. So, how about the BH rig count from last Friday? What did it show?
    Read More “Weekly Rig Count Down Big Again – This Time Oil, Not Gas Rigs”

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

    FERC’s Clements Exposed for Questionable Ethics, Ties to Big Green

    May 22, 2023August 24, 2023
    FERC Commissioner Allison Clements

    A new expose running in RealClearEnergy reveals the tight relationship between Federal Energy Regulatory Commission (FERC) Commissioner Allison Clements and several Big Green groups, calling into question her ethics and her right to remain on the commission. In a May 4th Senate hearing featuring the four FERC commissioners, Sen. Josh Hawley, R-MO, questioned Clements about a “closed-door” meeting she had with the funders of a left-leaning grantmaking institution known as the Energy Foundation. Participants in that meeting included the litigious, anti-fossil energy activist groups Sierra Club, EarthJustice, and Natural Resource Defense Council (Clements’ former employer).
    Read More “FERC’s Clements Exposed for Questionable Ethics, Ties to Big Green”

  • MUI

    MDN Upstream Index (MUI) – May 22, 2023

    May 22, 2023May 22, 2023

    The most recent day of active trading was Fri., May 19, 2023. The numbers below reflect Friday’s closing numbers.


    Read More “MDN Upstream Index (MUI) – May 22, 2023”

  • Best of the Rest

    Other Stories of Interest: Mon, May 22, 2023

    May 22, 2023May 22, 2023

    NATIONAL: Most of US faces elevated risk of blackouts this summer; ExxonMobil, Shell explode a pair of energy transition myths; Things I truly don’t understand about the “inevitable energy transition”; INTERNATIONAL: Russia reportedly delivering nearly 1.44 bcf of gas a day via Ukraine; Green groups say G7 support for more gas investments “death sentence.”
    Read More “Other Stories of Interest: Mon, May 22, 2023”

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