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

    Gov. “Do Nothing” Shapiro Will Have to Decide on RGGI Soon

    May 26, 2023May 26, 2023

    Josh Shapiro promised he was a different kind of Democrat–that he would work with Republicans on important issues like the environment if elected Governor of Pennsylvania. In the end, Shapiro has turned out to be a dud–a do-nothing governor. We warned you during the campaign that should Shapiro get elected, he would (eventually) embrace the Regional Greenhouse Gas Initiative (RGGI) carbon tax, even though he made statements during the campaign that he doesn’t support it (see PA’s Shapiro Outright Lies About Position on RGGI Carbon Tax). In his very first proposed budget, Shapiro, while making no public statements about it, inserted a line item that assumes (counts on) Pennsylvania residents paying $600 million in RGGI carbon tax sales during the budget year of July 1, 2023, through June 30, 2024 (see Coming Soon to PA – Gov. Josh Shapiro’s Energy Tax, aka RGGI). Shapiro is counting on RGGI money to help balance his bloated, pork-spending budget.
    Read More “Gov. “Do Nothing” Shapiro Will Have to Decide on RGGI Soon”

  • Electrical Generation | Industrywide Issues | Research

    Two-thirds of US Subject to Summer Power Outages Thx to Wind/Solar

    May 26, 2023May 26, 2023

    We don’t often talk about NERC–the North American Electric Reliability Corporation. NERC is a nonprofit corporation based in Atlanta, Georgia. The electric utility industry formed it to promote the reliability and adequacy of bulk power transmission in the electric utility systems of North America. Last week NERC issued its 2023 Summer Reliability Assessment (full copy below), which contains a warning. NERC says the western two-thirds of the country and New England face an “elevated risk” of power outages this summer. Why? Because there’s more power coming from unreliable renewables, and less power coming from reliable fossil energy sources.
    Read More “Two-thirds of US Subject to Summer Power Outages Thx to Wind/Solar”

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

    Biden EPA Funnels Million$ to Fund Activist Anti-Fossil Fuel Groups

    May 26, 2023May 26, 2023

    It’s one thing when rich, white billionaires fund Big Green groups that attack the fossil energy industry by abusing our court system. It’s quite another thing when taxpayer money is funneled to Big Green for the same thing! Yet that is what is now happening thanks to Joe Biden’s so-called Inflation Reduction Act (IRA), which passed in Congress thanks to a single U.S. Senator–Joe Manchin. The Bidenistas at the EPA are skimming MILLIONS of dollars from the IRA, funneling it to anti-fossil fuel organizations that partner with the Beyond Petrochemicals effort created by billionaire Michael Bloomberg, which in turn assaults our fossil energy companies and our regulatory system with a blizzard of lawsuits and mass-brainwashing campaigns. OUR MONEY! Going to groups working against fossil energy. God deliver us from this madness!
    Read More “Biden EPA Funnels Million$ to Fund Activist Anti-Fossil Fuel Groups”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues

    So-Called Oil & Gas Methane Hunters Focus on the Wrong Source

    May 26, 2023May 26, 2023
    Methane mapping camera

    We spotted a Reuters story about an activist from Earthworks aiming a $120,000 camera at old oil and gas infrastructure, hoping to spot “fugitive” methane escaping into the atmosphere. As all such nonsense articles do, the article claims that methane is a bazillion times more “potent” than carbon dioxide in causing mythical man-made global warming. The Bidenistas at EPA “empowered” these dunderheads to make wild claims about methane venting by O&G (see Biden EPA Program Empowers Anti Groups to be Methane Snitches). Once a claim is made, the “offender” (O&G company) is assumed guilty until an expensive investigation is done to prove innocence. Here’s the problem: These methane hunters are aiming their expensive cameras at the wrong source.
    Read More “So-Called Oil & Gas Methane Hunters Focus on the Wrong Source”

  • Allegheny County | Bradford County | Chesapeake Energy | Coterra Energy (Cabot O&G) | Energy Companies | EOG Resources | Guernsey County | Harrison County | Lycoming County | Ohio | Olympus/Huntley & Huntley | Pennsylvania | Range Resources Corp | Southwestern Energy | Susquehanna County | Weekly Permits

    12 New Shale Well Permits Issued for PA-OH-WV May 15-21

    May 26, 2023May 26, 2023

    New shale permits issued for May 15-21 in the Marcellus/Utica took a substantial hit. There were only 12 new permits issued, down by more than half from the 26 new permits issued the previous week. Last week’s tally included 10 new permits for Pennsylvania, 2 new permits for Ohio, and no new permits in West Virginia. Last week the top receiver of new permits was a tie–Coterra Energy and Chesapeake Energy each received 3 new permits, with Coterra’s permits issued in Susquehanna County, PA, and Chessy’s permits in Bradford County, PA. Range Resources and Olympus Energy each received 2 new permits, and Southwestern Energy and EOG Resources each received 1 new permit.
    Read More “12 New Shale Well Permits Issued for PA-OH-WV May 15-21”

  • MUI

    MDN Upstream Index (MUI) – May 26, 2023

    May 26, 2023May 26, 2023

    The most recent day of active trading was Thu., May 25, 2023. The numbers below reflect yesterday’s closing numbers.


    Read More “MDN Upstream Index (MUI) – May 26, 2023”

  • Best of the Rest

    Other Stories of Interest: Fri, May 26, 2023

    May 26, 2023May 26, 2023

    NATIONAL: Machine learning has potential to transform oil and gas; INTERNATIONAL: Half of oil and gas workers find their work exhausting.
    Read More “Other Stories of Interest: Fri, May 26, 2023”

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

    Shell Cracker Agrees to $10M Shakedown from PA, Restarting Now

    May 25, 2023

    In March, Shell said its Pennsylvania ethane cracker facility had not–using new, more accurate methods of measuring emissions–violated emissions limits at any point during the facility’s somewhat troubled startup (see Shell Claims PA Cracker Plant Did Not Exceed Air Emissions Limits). However, the PA Dept. of Environmental Protection (DEP) says it did exceed emissions limits, a number of times. Shell is not going to push the issue. Yesterday, PA Gov. Josh Shapiro announced his government had shaken down Shell and is forcing the company to pay nearly $10 million in fines and bribes “contributions” to benefit local communities. That’s the protection money price to restart the now shutdown plant and to keep it going.
    Read More “Shell Cracker Agrees to $10M Shakedown from PA, Restarting Now”

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

    New Bill Introduced by PA Congressman Would Finish MVP This Year

    May 25, 2023May 25, 2023

    Last Thursday, a Congressman from Pennsylvania, John Joyce (a physician from Altoona, PA), introduced House of Representatives Bill (HR) 3500, called the “Mountain Valley Pipeline Completion Act” (copy below). Which we find interesting because Mountain Valley Pipeline (MVP) does not touch PA, although a PA company, Equitrans, is building it. The 303-mile MVP pipeline starts in Wetzel County, WV, and runs through WV into Virginia, ending in Pittsylvania County, VA. The project has been stalled for years due to repeated lawsuits from foreign-funded Big Green groups. HR 3500, aimed at finishing MVP, was co-sponsored by U.S. Reps. Carol Miller (R-WV), Guy Reschenthaler (R-PA), Mike Kelly (R-PA), Dan Meuser (R-PA), and Alex Mooney (R-WV). Here’s what the bill would do…
    Read More “New Bill Introduced by PA Congressman Would Finish MVP This Year”

  • Electrical Generation | Industrywide Issues | Litigation | Pennsylvania | Regulation | Statewide PA

    PA Supreme Court Justices Split Over RGGI – Carbon Tax or Fee?

    May 25, 2023May 25, 2023

    Yesterday the six sitting justices of the Pennsylvania Supreme Court (currently one vacancy due to the death of Chief Justice Max Baer last fall) heard oral arguments in a case about the so-called Regional Greenhouse Gas Initiative (RGGI)–a carbon tax scheme aimed at shutting down coal- and natural gas-fired power plants in the state. As is often the case, this Supreme Court case is about a technicality in the law. A lower court (PA Commonwealth Court) blocked the state’s entrance into RGGI last year until a lawsuit challenging PA’s participation could play out (see PA Judge Reinstates Order Blocking PA’s Entry into RGGI Carbon Tax). The Supremes heard arguments about whether or not the lower court should have temporarily blocked RGGI. However, yesterday’s discussion by the justices kept drifting back to the core issue: Is RGGI a “fee” as it claims, or is it a tax?
    Read More “PA Supreme Court Justices Split Over RGGI – Carbon Tax or Fee?”

  • 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”

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