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Marcellus Drilling News
  • Anti-Drilling/Fossil Fuel | CNX Resources | Energy Companies | Industrywide Issues

    Proxy Firm, CNX Accuse Each Other of Lying re Paris Goals Proposal

    May 4, 2023May 4, 2023

    The proxy firm hired by California hotel owner Jon Handerly is accusing CNX Resources of lying about its attempt to silence CNX CEO Nick DeIuliis. Handerly, using Proxy Impact, is attempting to get CNX shareholders to pass a proposal requiring the company to file annual reports on how the company measures up to the cockamamie “Paris goals” of reducing carbon dioxide emissions (see Calif. Hotel Liberal Pressures CNX to Report on Loony Paris Goals). When you dig into the proposal, it’s actually an attempt to silence DeIuliis–to stop him from openly criticizing leftists and environmental wackos.
    Read More “Proxy Firm, CNX Accuse Each Other of Lying re Paris Goals Proposal”

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

    Communist NY Forcing Schools, Hospitals to 100% Renewables by 2035

    May 4, 2023May 4, 2023

    Two days ago, we brought you the very sad news that New York State has fallen and is now under a Communist dictatorship (see NY State has Fallen – Gas Stoves & Peaker Plants Banned in Budget). Our freedom to choose which energy source we want to use is gone. Little did we know of another measure passed as part of the state budget that requires municipally-owned properties, including many hospitals and schools, as well as public housing and public transit, forcing them to switch to unreliable renewable energy by 2035.
    Read More “Communist NY Forcing Schools, Hospitals to 100% Renewables by 2035”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues | Statewide WV | West Virginia

    Mainstream Media Attacks WV Gov Justice Over Senate Run

    May 4, 2023May 4, 2023
    WV Gov. Jim Justice

    Last week West Virginia’s larger-than-life (literally) Governor, Jim Justice, announced he is running to replace traitor Joe Manchin in the U.S. Senate in 2024 (see WV Gov. Jim Justice to Announce Senate Run Against Joe Manchin). We immediately began to see stories in the mainstream media attacking Justice and trying to prop up Manchin. It’s hard for lefties in the mainstream media to prop up Manchin because, lately, Manchin has criticized their boss, Joe Biden.
    Read More “Mainstream Media Attacks WV Gov Justice Over Senate Run”

  • MUI

    MDN Upstream Index (MUI) – May 4, 2023

    May 4, 2023May 4, 2023

    The most recent day of active trading was Wed., May 3, 2023. The numbers below reflect yesterday’s closing numbers.


    Read More “MDN Upstream Index (MUI) – May 4, 2023”

  • Best of the Rest

    Other Stories of Interest: Thu, May 4, 2023

    May 4, 2023May 4, 2023

    OTHER U.S. REGIONS: Haynesville natural gas production reached a record high in March 2023; Tellurian to stop Haynesville drilling until US gas prices recover; NATIONAL: Oil falls below $69 as recession fears grow; Forcing consumers to purchase electric vehicles a new low for Biden; Pipeline incidents affecting environment down 16% in 2018-22.
    Read More “Other Stories of Interest: Thu, May 4, 2023”

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

    Joe Manchin Floats New “Save MVP” Permitting Bill, Biden Supports

    May 3, 2023May 3, 2023

    For the third time, U.S. Senator Joe Manchin (liberal Democrat from West Virginia) has introduced a permitting reform bill to save the Mountain Valley Pipeline (MVP) from the clutches of colluding leftists who sit on the U.S. Court of Appeals for the Fourth Circuit. Manchin is rebranding this bill (essentially the same one he introduced last year that bombed out) as the “Building American Energy Security Act of 2023” (full copy below). He introduced the bill in the U.S. Senate yesterday.
    Read More “Joe Manchin Floats New “Save MVP” Permitting Bill, Biden Supports”

  • Energy Services | Equitrans/EQT Midstream | Industrywide Issues | Litigation | Pipelines | Regulation

    Equitrans: Path to Finish MVP in 2023 “Still Exists” but “Narrower”

    May 3, 2023May 3, 2023

    During yesterday’s quarterly phone call with analysts to discuss the 1Q23 performance of Equitrans Midstream, a big topic of conversation was the 94% completed (but stalled) Mountain Valley Pipeline (MVP). Equitrans (builder of MVP) CEO Thomas Karam said, “The path to an MVP completion during 2023 is narrower but based on the diligent and comprehensive work being done by the staff at various state and federal agencies and the expected overall permitting timeline, we believe the possibility of commencing forward construction this summer still exists.” He also said the U.S. Court of Appeals for the Fourth Circuit (4th Circuit) and their prospective rejection of new permits for the project is not “that dire of a position.” We 100% disagree.
    Read More “Equitrans: Path to Finish MVP in 2023 “Still Exists” but “Narrower””

  • Energy Services | Industrywide Issues | MarkWest Energy | Pennsylvania | Pipelines | Processing Plants | Washington County

    MPLX 1Q – Harmon II Processing Plant Coming Online in 2024

    May 3, 2023May 3, 2023

    In late 2015, MPLX (i.e. Marathon Petroleum) bought out and merged in the Utica Shale’s premier midstream company, MarkWest Energy, for $15 billion (see MarkWest Energy Investors/Unitholders Approve Merger with Marathon). The “new” MarkWest, aka MPLX, plays on a much larger stage now, including ownership and operation of major assets in the Permian Basin and in the Bakken Shale, in addition to the Utica/Marcellus. However, most of MPLX’s activity (and revenue) comes from the M-U. Yesterday MPLX issued its first quarter 2023 update.
    Read More “MPLX 1Q – Harmon II Processing Plant Coming Online in 2024”

  • Dominion Energy | Electrical Generation | Energy Services | Industrywide Issues | Statewide VA | Virginia

    Dominion Contemplates Building More Gas-Fired Power Plants in Va.

    May 3, 2023May 3, 2023

    Even though Dominion Energy sold its interstate pipeline network in 2020 (see Dominion Cancels Atlantic Coast Pipe, Sells Pipe Biz for $9.7B) and is now rumored to be interested in selling its local gas distribution pipeline network (see WSJ, Utilities Pursue Pipeline Sales as Natural-Gas Bans Catch On), Dominion hasn’t completely forsworn all fossil energy. According to a report by the Associated Press, Dominion, via a report filed with the Virginia State Corporation Commission, contemplates a future of building new small natural gas-fired power plants to feed the electric grid in Virginia.
    Read More “Dominion Contemplates Building More Gas-Fired Power Plants in Va.”

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

    Why 100% Hydrogen Will Never Power Your Home; Why Antis Hate H2

    May 3, 2023May 3, 2023

    Rational thought was purged from the radicalized left long ago. Still, it’s worth mentioning from time to time just how illogical and irrational the “environmental” left has become in its thinking and pronouncements. For example, extremely combustible hydrogen emits NO carbon dioxide when burned. It simply turns into water. So you might think replacing natural gas with hydrogen would be a dream come true for anti-fossil fuel zealots. But you would be wrong. Antis HATE hydrogen energy and are now actively working to defeat it even as they work to defeat natural gas. Why?
    Read More “Why 100% Hydrogen Will Never Power Your Home; Why Antis Hate H2”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues

    National Science Teaching Assn. Rejects Scientific Method re Climate

    May 3, 2023May 3, 2023

    The left has infected and corrupted hard science, like math, chemistry, biology, and geology. Even the scientific method is no longer used by the very organization that is supposed to promote real (hard) science: the National Science Teaching Association (NSTA). Members of the CO2 Coalition, an organization of scientists that spreads the good news about the benefits of carbon dioxide, attended and “manned” a booth at a recent NSTA meeting held in Atlanta, Georgia. Because the CO2 Coalition handed out (among other things) a paper disagreeing with the official view of NSTA that mankind is superheating the planet with CO2 emissions, the NSTA kicked them out. Physically escorted them out of the facility. There is no free speech and certainly no scientific method observed at the NSTA.
    Read More “National Science Teaching Assn. Rejects Scientific Method re Climate”

  • MUI

    MDN Upstream Index (MUI) – May 3, 2023

    May 3, 2023May 3, 2023

    The most recent day of active trading was Tue., May 2, 2023. The numbers below reflect yesterday’s closing numbers.


    Read More “MDN Upstream Index (MUI) – May 3, 2023”

  • Best of the Rest

    Other Stories of Interest: Wed, May 3, 2023

    May 3, 2023May 3, 2023

    OTHER U.S. REGIONS: Cheniere lands first offtake contract for Sabine Pass expansion; NATIONAL: Why shale frackers should be in a strong position in 2023; Upstream M&A slides to $9B in 1Q23; INTERNATIONAL: Aramco in talks with Sinopec, Total on $10B Saudi Gas deal.
    Read More “Other Stories of Interest: Wed, May 3, 2023”

  • Energy Services | Equitrans/EQT Midstream | Industrywide Issues | Pipelines

    Equitrans Update on Rager Gas Leak, MVP, OVCX & More

    May 2, 2023May 2, 2023

    Earlier today Equitrans Midstream, the former EQT Midstream (now a standalone company), issued its first quarter 2023 update. The update is actually a series of updates about the company’s vitally important (to the Marcellus/Utica) pipeline and midstream projects. In the update, we learn more about the company’s Rager Mountain Natural Gas Storage Field accident; we learn the latest about the Mountain Valley Pipeline (MVP) project, essentially on hold; and we learn about the Ohio Valley Connector Expansion Project (OCVX), expected to be in-service the first half of 2024.
    Read More “Equitrans Update on Rager Gas Leak, MVP, OVCX & More”

  • Crude Oil | Industrywide Issues | Pennsylvania | Regulation | Statewide PA

    Increased Bonding Won’t Plug PA’s Abandoned Oil & Gas Wells

    May 2, 2023May 2, 2023

    Yesterday MDN told you about a new assault on the oil and gas industry in Pennsylvania coming from the Chairman of the House Environmental Resources & Energy Committee, anti-fossil fuel zealot Greg Vitali, who (along with 13 other leftists) introduced House Bill (HB) 962, aimed at raising the bonding rates for drilling new conventional wells in the state (see PIOGA Responds to Bill Raising Bonding Rates for Conventional Wells). We brought you the Pennsylvania Independent Oil & Gas Association (PIOGA) official communique to Vitali and others on the committee outlining why the bill is unnecessary and harmful. Today we have an editorial from PIOGA running in the Pennsylvania Capital-Star.
    Read More “Increased Bonding Won’t Plug PA’s Abandoned Oil & Gas Wells”

  • CNG/LNG | Exporting | Industrywide Issues

    US LNG Exports Hitting New Highs – 107 Cargoes Departed in April

    May 2, 2023May 2, 2023

    U.S. LNG (liquefied natural gas) exports are hitting new highs each month now that the Freeport LNG facility came back online in March (see Freeport LNG Plant Back to Full Capacity Using 2.1 Bcf/d of NatGas). March saw a new, all-time high export of 7.80 million tonnes of LNG (see U.S. LNG Exports Hit New All-Time High in March Thx to Freeport). Last month (April), U.S. export volume was virtually the same at 7.78 million tonnes.
    Read More “US LNG Exports Hitting New Highs – 107 Cargoes Departed in April”

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