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

    Weak NY Governor Caves to Climate Crazies re Methane Acctg

    April 6, 2023April 6, 2023
    Gov. Kathy Hochul, cooking in a gas stove

    Yesterday MDN told you about pressure from the lunatic left being brought on the liberal governor of New York, Kathy Hochul, to keep in place a 2019 climate law requiring the so-called effects of burning methane be calculated as having an impact across a 20-year timeframe rather than the 100-year timeframe used by most other states, including California (see Antis Oppose New York Changing Methane Accounting Timeline). Hochul knows the shorter timeframe is dramatically increasing the cost of energy in the state and driving people out of the state. She wanted to adopt the longer timeframe. Yet, she caved to the uber-radicals–because she’s so weak and ineffective as governor.
    Read More “Weak NY Governor Caves to Climate Crazies re Methane Acctg”

  • ESG | Industrywide Issues

    Debunking the Fiction of So-Called “Renewable” Natural Gas

    April 6, 2023April 6, 2023

    We don’t write much about RNG because, quite frankly, it doesn’t interest us. We’d rather punch holes in the ground to get natural gas than cap a manure pile to collect it. There’s a lot of hullabaloo about RNG these days, some of it coming from shale circles (which we find odd). Here’s the thing: If you believe producing and using RNG is going to address the concerns of anti-fossil fuel nutters, you are deeply mistaken. The wacko left that hates fossil fuels, including natural gas, hates RNG too.
    Read More “Debunking the Fiction of So-Called “Renewable” Natural Gas”

  • Ascent Resources | Bradford County | Butler County | Chesapeake Energy | Coterra Energy (Cabot O&G) | Energy Companies | EQT Corp | Fayette County | Harrison County | Jefferson County (OH) | Ohio | PennEnergy Resources | Pennsylvania | Range Resources Corp | Susquehanna County | Washington County | Weekly Permits

    21 New Shale Well Permits Issued for PA-OH-WV Mar 27-Apr 2

    April 6, 2023April 6, 2023

    New shale permits issued for Mar. 27-Apr. 2 in the Marcellus/Utica dropped quite a bit from the prior week. There were 21 new permits issued in total last week, down from 32 in the prior week. Last week’s tally included 15 new permits for Pennsylvania, 6 new permits for Ohio, and no new permits in West Virginia. Last week the top receiver of new permits was Ascent Resources with 6 new permits, 5 in Jefferson County, OH, and 1 in Harrison County, OH. Chesapeake Energy took the #2 slot with 5 new permits in Bradford County, PA.
    Read More “21 New Shale Well Permits Issued for PA-OH-WV Mar 27-Apr 2”

  • MUI

    MDN Upstream Index (MUI) – Apr 6, 2023

    April 6, 2023April 10, 2023

    The most recent day of active trading was Wed., Apr. 5, 2023. The numbers below reflect yesterday’s closing numbers.


    Read More “MDN Upstream Index (MUI) – Apr 6, 2023”

  • Best of the Rest

    Other Stories of Interest: Thu, Apr 6, 2023

    April 6, 2023April 10, 2023

    NATIONAL: USA more than doubles EU LNG delivery target; One shale executive correctly called OPEC+ surprise cut; Where will WTI oil price be at end-2023?; Biden NHTSA nominee bundled funds for climate litigation; US cities receive nearly $200M in grants to upgrade natgas pipelines; Rural America needs permitting reform; Banking crisis adds to shale industry pessimism.
    Read More “Other Stories of Interest: Thu, Apr 6, 2023”

  • Diversified Energy | Energy Companies | EQT Corp | Industrywide Issues | Litigation | Statewide WV | West Virginia

    Fed Court Rules EQT, Diversified Must Face WV Class Action

    April 5, 2023April 5, 2023

    Last summer, MDN brought you the news about a lawsuit against Diversified Energy and EQT over the issue of old and “abandoned” wells in West Virginia (see Big Green Uses WV Landowners to Sue EQT, Diversified re Old Wells). In June 2018, MDN exclusively brought our readers the news that Diversified Gas & Oil (now called Diversified Energy) had purchased EQT Corporation’s Huron Shale assets, with a bunch of conventional wells, in Kentucky, Virginia, and West Virginia for $575 million (see Diversified Gas & Oil Adds to Conventional Assets in KY, VA, WV). Several WV landowners, prompted (and supported) by Big Green groups, sued the EQT and Diversified last July, alleging the wells no longer produce and (under law) must be plugged. The new news is that a federal judge in WV ruled yesterday that a proposed class action by the landowners against the companies can proceed.
    Read More “Fed Court Rules EQT, Diversified Must Face WV Class Action”

  • CNG/LNG | Exporting | Industrywide Issues

    U.S. LNG Exports Hit New All-Time High in March Thx to Freeport

    April 5, 2023April 5, 2023

    Freeport LNG is back online, sucking up 2.1 (or more) billion cubic feet per day (Bcf/d) of natural gas, some of it from the Marcellus/Utica, exporting LNG to other countries. Freeport was out of commission following an explosion and fire in June 2022 until several weeks ago (see Freeport LNG Plant Back to Full Capacity Using 2.1 Bcf/d of NatGas). Some new export capacity came online while Freeport was down. Now that Freeport is back, combined with new capacity from LNG exporters, the U.S. exported more LNG in March than it ever has–7.73 million tonnes.
    Read More “U.S. LNG Exports Hit New All-Time High in March Thx to Freeport”

  • CNG/LNG | Exporting | Industrywide Issues

    The Golden Age of U.S. LNG Provides Energy Security for World

    April 5, 2023April 5, 2023

    Within two years, LNG replaced all of the gas world markets lost coming from Russia. U.S. export revenues from LNG grew exponentially over the last six years. Export volumes and wealth from LNG could potentially lead to an astonishing $100 billion in new LNG developments in the U.S.! LNG will be a strong driver of U.S. natural gas production over the next seven years. The U.S. may double its exports, or more, from now to 2030. We are, writes author and petroleum engineer Ian Palmer, in the midst of a “Golden Age” for LNG. What is a Golden Age? And what does it mean for LNG?
    Read More “The Golden Age of U.S. LNG Provides Energy Security for World”

  • Crude Oil | Industrywide Issues | Research

    EIA Predicts Steady Demand for Oil & Gasoline Thru 2050 & Beyond

    April 5, 2023April 5, 2023

    In March, the U.S. Energy Information Administration (EIA) published its Annual Energy Outlook for 2023 (see EIA Annual Outlook Predicts O&G, M-U Still Going Strong in 2050). We noted at the time that a chart showing the dominance of oil and gas energy over the next 30 years had disappeared from the report. Since that time, EIA has published a few “deep dive” posts on its Today in Energy website. Yesterday was another such post, this one showing charts for the production of “petroleum and other liquids.” The charts show EIA’s expectation that (yes) oil and its related products will still be going strong 30 years from now.
    Read More “EIA Predicts Steady Demand for Oil & Gasoline Thru 2050 & Beyond”

  • Industrywide Issues | Regulation

    GOP Senators Intro Bill to Block Biden DOE from Banning Gas Stoves

    April 5, 2023April 5, 2023

    Last week five Republican U.S. Senators introduced the Natural Gas Appliances Standards (Natural GAS) Act of 2023. The bill would block any rulemaking by the Dept. of Energy (DOE) that could have the effect of outlawing the sale of a range of natural gas appliances, including (most particularly) gas stoves. Among other things, the bill stipulates the DOE may not put forward a rule that would limit the features of gas stoves, such as quick boil times, number and size of burners, and design of grates.
    Read More “GOP Senators Intro Bill to Block Biden DOE from Banning Gas Stoves”

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

    Antis Oppose New York Changing Methane Accounting Timeline

    April 5, 2023April 5, 2023

    This is another in our series of what it’s like living “Behind Enemy Lines.” MDN editor Jim Willis lives in Upstate New York (Binghamton area). Our freedoms in NY are being stripped away at an alarming rate. The radical left is in full control of the state, as is illustrated by a recent debate between Gov. Kathy Hochul (a far-left radical) and others in the Democrat Party even further to the left of Hochul, if such a thing is possible. The people left of Hochul are resisting a reasonable compromise in the current budget that would change the current timeline for methane accounting from 20 years to 100 years.
    Read More “Antis Oppose New York Changing Methane Accounting Timeline”

  • Meetings | Pennsylvania | Statewide PA | Washington County

    POGLA Event May 6: Landowners, Industry & The Legislature

    April 5, 2023April 5, 2023

    One of MDN’s favorite organizations is the Pennsylvania Oil and Gas Landowner Alliance (POGLA), an organization representing oil, gas, mineral, and royalty owners throughout the Commonwealth of PA. POGLA will host a conference titled Landowners, Industry & The Legislature, on May 6, 2023, from 8 am to 5 pm in Washington, PA. This event has the MDN stamp of approval. If you are a landowner or rights owner in PA, and if there’s any way you can attend this low-cost event near Pittsburgh, we heartily encourage you to do so.
    Read More “POGLA Event May 6: Landowners, Industry & The Legislature”

  • MUI

    MDN Upstream Index (MUI) – Apr 5, 2023

    April 5, 2023April 5, 2023

    The most recent day of active trading was Tue., Apr. 4, 2023. The numbers below reflect yesterday’s closing numbers.


    Read More “MDN Upstream Index (MUI) – Apr 5, 2023”

  • Best of the Rest

    Other Stories of Interest: Wed, Apr 5, 2023

    April 5, 2023April 5, 2023

    MARCELLUS/UTICA REGION: Manchin unloads on climate activists re MVP; NATIONAL: USA gasoline prices could hit $4 thanks to OPEC+ cut; The police state is here and “governed” by Joe Biden; An OPEC-driven U.S. drilling boom? Not so fast.; Calling all consumers: it’s time to recall our failing energy policies; INTERNATIONAL: New OPEC+ cuts will push oil to $110 this summer.
    Read More “Other Stories of Interest: Wed, Apr 5, 2023”

  • Anti-Drilling/Fossil Fuel | Energy Services | Equitrans/EQT Midstream | Industrywide Issues | Litigation | Pipelines | Regulation | Statewide WV | West Virginia

    4rd Circuit Clown Judges Reject WV DEP Permit for MVP 2nd Time

    April 4, 2023May 8, 2023

    Last week it was a miracle when the three-judge panel from the U.S. Court of Appeals for the Fourth Circuit (i.e. 4th Circuit clown judges) turned back an appeal of a permit issued by the Virginia State Water Control Board allowing Mountain Valley Pipeline (MVP) to cross some 150 streams and wetlands in Southwest West Virginia (see 4th Circuit Judges Hand Rare Permit Victory to Mountain Valley Pipe). This week the three clowns reverted to their typical fossil fuel-hating form, rejecting (for a second time) a similar permit issued by the West Virginia Dept. of Environmental Protection.
    Read More “4rd Circuit Clown Judges Reject WV DEP Permit for MVP 2nd Time”

  • Energy Companies | EQT Corp | ESG | Industrywide Issues

    EQT Does Deal with Blockchain/Software Co to Sell Low-Carbon Gas

    April 4, 2023April 4, 2023

    Yesterday, EQT Corporation and Context Labs announced a partnership to advance the commercialization of verified low-carbon intensity natural gas products and carbon credits. The partnership brings together EQT, the largest natural gas producer in the U.S., and Context Labs, an expert in distributed ledger technology, advanced climate data, and analytics. The partnership will help EQT prove that the natural gas it produces is low-carbon and responsible, and make it easier to market the gas to those who want to buy (and pay more for) low-carbon gas.
    Read More “EQT Does Deal with Blockchain/Software Co to Sell Low-Carbon Gas”

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