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Marcellus Drilling News
  • Energy Services | Hydrogen | Industrywide Issues | Processing Plants | Statewide WV | TC Energy/TransCanada | West Virginia

    Chemours & TC Energy Collaborate on 2 Hydrogen Hub Plants in WV

    April 20, 2023April 20, 2023

    One of the world’s largest chemical companies, the Chemours Company (which you used to know as DuPont), along with TC Energy (which you used to know as TransCanada), announced a memorandum of understanding (MOU) for the potential development of two electrolysis-based hydrogen production facilities at or near Chemours’ Washington Works and Belle manufacturing sites in West Virginia. Both companies are part of the effort to attract a hydrogen hub to West Virginia called Appalachian Regional Clean Hydrogen Hub (ARCH2). The financial terms of the Chemours/TC Energy deal were not disclosed.
    Read More “Chemours & TC Energy Collaborate on 2 Hydrogen Hub Plants in WV”

  • Industrywide Issues | Ohio | Statewide OH | Taxation

    Ohio Oil & Gas Generated $57M in Property Tax Revenue in 2021

    April 20, 2023April 20, 2023

    According to data recently compiled and shared by the Ohio Oil & Gas Association (OOGA), during 2021 (the most recent year available), the oil and gas industry in Ohio paid a cumulative $57.6 million in ad valorem property taxes to the state. That is separate from a severance tax also paid by drillers in the Buckeye State. The O&G industry not only provides millions in tax revenue, but it also employs “more than 200,000” people in Ohio, and of course, all of those workers pay state income tax too. The economic impact of oil and gas (largely shale) in Ohio is enormous.
    Read More “Ohio Oil & Gas Generated $57M in Property Tax Revenue in 2021”

  • Commodity Price | Industrywide Issues | Research

    CoBank: The Beginning of the End for Cheap Shale Gas

    April 20, 2023April 20, 2023

    Lately, we keep reading predictions that the price of natural gas, while in the basement right now (low $2 range), will soon begin to go higher. And the price will stay higher. So say some experts (see our recent stories, $2.00 Natural Gas is Temporary, Just Like $10 Gas Was and Natural Gas is the New Oil – World Events Affect Price Everywhere). We just ran across another such prediction, this one from CoBank, a bank that provides loans, leases, export financing, and other financial services to agribusinesses and rural power, water, and communications providers in all 50 states. CoBank has just published a report (copy below) that hints this is the beginning of the end of cheap shale gas.
    Read More “CoBank: The Beginning of the End for Cheap Shale Gas”

  • Economic Impact | Industrywide Issues

    U.S. Agriculture’s Essential Ingredient is…Natural Gas!

    April 20, 2023April 20, 2023

    Apart from the obvious benefits rural landowners (farmers) receive when leasing their land for shale gas drilling, did you know that modern agriculture, those same farmers, could not exist without natural gas? U.S. agriculture is a MAJOR part of the U.S. economy, creating 17.2 million jobs (5 million direct jobs) and contributing a mind-blowing $1.75 trillion to our country’s GDP (gross domestic product). The agricultural sector accounts for nearly 15% of U.S. commercial and industrial natural gas demand. Key feedstocks like ammonia, which is used to make nitrogenous fertilizer, are produced from natural gas. America’s farms and ranches have been key beneficiaries of the growth in U.S. natural gas production.
    Read More “U.S. Agriculture’s Essential Ingredient is…Natural Gas!”

  • MUI

    MDN Upstream Index (MUI) – Apr 20, 2023

    April 20, 2023April 20, 2023

    The most recent day of active trading was Wed., Apr. 19, 2023. The numbers below reflect yesterday’s closing numbers.


    Read More “MDN Upstream Index (MUI) – Apr 20, 2023”

  • Best of the Rest

    Other Stories of Interest: Thu, Apr 20, 2023

    April 20, 2023April 20, 2023

    MARCELLUS/UTICA REGION: New York goes full central planning for the electricity sector; NATIONAL: Huge incentives, rising demand drive boom in clean ammonia projects; Kinder Morgan beats profit estimates on higher natgas, jet fuel volumes; Baker Hughes sees ‘multi-decade growth opportunity’ for natural gas; Clarity from Supreme Court needed on climate change litigation mess; Republicans, Democrats report progress on permitting reform legislation.
    Read More “Other Stories of Interest: Thu, Apr 20, 2023”

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

    Radical Anti Groups Ask Fed EPA to Shut Down PA Fossil-Fired Power

    April 19, 2023April 19, 2023

    Some 23 extremist so-called environmental groups from Pennsylvania (and beyond) sent a letter to federal Environmental Protection Agency (EPA) Administrator Michael Regan asking him to rachet up federal regulations to be so extreme it forces the remaining electric power plants in PA that use coal and natural gas to close down. The extremist groups include PennFuture (headed by former PA Dept. of Environmental Protection Secretary Pat McDonnell), the so-called Clean Air Council (funded by the Haas and Heinz families), and the Philadelphia Solar Energy Association.
    Read More “Radical Anti Groups Ask Fed EPA to Shut Down PA Fossil-Fired Power”

  • Ohio | Statewide OH

    OH Landowners Frustrated with Old, Leaking Conventional O&G Wells

    April 19, 2023April 19, 2023
    click for larger version

    There are more than 270,000 oil and natural gas wells across Ohio. Many of them (most) are conventional wells. Many (most) are also old (the first well was drilled in 1860). Some 80,000 of Ohio’s O&G wells are Clinton sandstone wells. Half of those, roughly 40,000, are inactive and many are “in a state of disrepair.” Rachel Wagoner, a journalist with Farm and Dairy Magazine, spent more than six months investigating Ohio’s old and abandoned oil and gas wells. She recently published an extensive report that finds some companies that own some of the wells simply ignore them and don’t/won’t fix them. Some companies take so long to respond when asked to address problems, it’s the same thing as refusing to fix them. In some cases, the unfixed wells are causing problems for landowners and nearby residents.
    Read More “OH Landowners Frustrated with Old, Leaking Conventional O&G Wells”

  • CNX Resources | Electrical Generation | Energy Companies | Industrywide Issues

    CNX Partners with California Co. to Produce Clean Electricity

    April 19, 2023April 19, 2023
    Sapphire FreeSpin® In-line Turboexpander

    An interesting announcement issued yesterday by CNX Resources says the company is partnering with a California company, Sapphire Technologies, to use technology that creates clean electricity by tapping into pressures used in producing natural gas. No financial details of the deal were disclosed. CNX will use Sapphire’s turboexpander technology at a facility somewhere in the Marcellus.
    Read More “CNX Partners with California Co. to Produce Clean Electricity”

  • Anti-Drilling/Fossil Fuel | Bradford County | CNG/LNG | Energy Services | Exporting | Industrywide Issues | New Fortress Energy | Pennsylvania

    Here We Go Again – Sending LNG Safely by Rail Called “Bomb Train”

    April 19, 2023April 19, 2023
    LNG rail car

    “You never let a serious crisis go to waste. And what I mean by that is it’s an opportunity to do things you think you could not do before.” – Rahm Emanuel, when he was Barack Obama’s White House Chief of Staff. By any standard you use, the rail disaster in East Palestine, Ohio, was (is!) a serious issue. To compare that disaster with a hypothetical train derailment of LNG (liquefied natural gas), referring to specially-outfitted rail cars that would carry the LNG (not yet allowed) as “bomb trains,” is the height of arrogance and ignorance. Yet a plan to use LNG rail cars to deliver Marcellus LNG from Bradford County, PA, to a port on the shoreline of the Delaware River in Gibbstown, N.J. is being compared to East Palestine in a laughable op-ed in the Philadelphia Inquirer.
    Read More “Here We Go Again – Sending LNG Safely by Rail Called “Bomb Train””

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

    The Left Attacks “Responsible Gas” Certification Authorities

    April 19, 2023April 19, 2023

    How many times have we said words along these lines: Even if you have a magic wand and could remove 100% of carbon dioxide emissions and 100% of methane emissions from the production and use of natural gas, the irrational nutters of the environmental movement would STILL hate natural gas and demand the end of its use. We have said those words and expressed those sentiments dozens of times–at least. The follow-on question we always ask is this: Why do we even try to placate the left with “responsible gas” certifications when they will never be happy? We have incontrovertible proof of our claims.
    Read More “The Left Attacks “Responsible Gas” Certification Authorities”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues | Litigation | Pipelines

    Left Worried Berkeley’s Overturned Gas Ban Affects Entire Country

    April 19, 2023April 19, 2023

    Yesterday MDN brought you the fantastic news that the U.S. Court of Appeals for the Ninth Circuit, in liberal California, had overturned a ban on hooking up new homes and businesses to natural gas in Berkeley, CA (see Fed Appeals Court Overturns Berkeley, CA “First in Nation” Gas Ban). We said yesterday, “We don’t know this for sure, but we hope this case can be used as a precedent to challenge similar municipal bans in other states, including states served by M-U gas. New York City, which is a big user of M-U gas, passed a ban almost identical to Berkeley’s ban.” We weren’t the only ones thinking about the broader implications and consequences of the 9th Circuit’s ruling. The left is already fretting over it.
    Read More “Left Worried Berkeley’s Overturned Gas Ban Affects Entire Country”

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

    The Biggest Gamble in History – Ending the Use of Fossil Fuels

    April 19, 2023April 19, 2023

    Those who believe the world can force a transition to so-called renewable energy in the next 20-30 years and force the world to stop using fossil energy are delusional. Among them are the “leaders” of the G7 nations: Canada, France, Germany, Italy, Japan, United Kingdom, and the United States of America. The so-called forced energy transition is, says energy expert David Blackmon, “one of the biggest policy gambles in world history.” The G7 are all betting the farm on the proposition that they can force fossil fuels out of business and replace them with “rent-seeking” solar, wind, EVs, and hydrogen.
    Read More “The Biggest Gamble in History – Ending the Use of Fossil Fuels”

  • MUI

    MDN Upstream Index (MUI) – Apr 19, 2023

    April 19, 2023April 19, 2023

    The most recent day of active trading was Tue., Apr. 18, 2023. The numbers below reflect yesterday’s closing numbers.


    Read More “MDN Upstream Index (MUI) – Apr 19, 2023”

  • Best of the Rest

    Other Stories of Interest: Wed, Apr 19, 2023

    April 19, 2023April 19, 2023

    MARCELLUS/UTICA REGION: Natural gas is the sharpest tool for improving air quality; OTHER U.S. REGIONS: Emails reveal CCI “really impressed” by NJ climate lawsuit; NATIONAL: Shale giant investing in geothermal energy; BLM seeks public comment for proposed oil lease sale; Rystad sees US shale job boom and higher wages coming; Walmart moves forward with natural gas trucking pilot; Finances now stronger than ever, E&Ps assess what’s ahead; INTERNATIONAL: Five countries are laundering Russian oil and selling it to the West.
    Read More “Other Stories of Interest: Wed, Apr 19, 2023”

  • Industrywide Issues | Pennsylvania | Pipelines | Research | Statewide PA

    PA NatGas Production Dropped in 2022 – 1st Time Since Shale Began

    April 18, 2023April 18, 2023

    We spotted a post by the U.S. Energy Information Administration (EIA) that, at first glance, we thought, “Yeah, we know that, and we’ve talked about it.” But on second glance, and after searching our own archives, we came to the conclusion that perhaps we haven’t talked about it. At least not plainly. The “it” we’re talking about is this: In 2022, Pennsylvania’s annual natural gas production *decreased* for the first time since the shale revolution began. Which is notable.
    Read More “PA NatGas Production Dropped in 2022 – 1st Time Since Shale Began”

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