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

    Four Possible Outcomes for Stalled Mountain Valley Pipeline Project

    March 28, 2023March 28, 2023

    The 303-mile Mountain Valley Pipeline (MVP) that runs from Wetzel County, WV, to Pittsylvania County, VA is 94% complete (has been for two years) but sits idle, waiting for the other 6% to be completed so it can start up and begin to flow Marcellus/Utica molecules to the southeastern U.S. Lawsuits funded by Big Green groups (with foreign connections) have blocked the completion of the project…for YEARS. It would be fair to say the project is currently in a stalemate with Big Green radicals, who somehow have coopted the help of three Democrat judges who sit on the U.S. Court of Appeals for the Fourth Circuit. Stalemates don’t go on forever. One way or the other, this situation will get resolved–likely this year. There are four potential outcomes for the stalled MVP project, a project critical to the future of the Marcellus/Utica.
    Read More “Four Possible Outcomes for Stalled Mountain Valley Pipeline Project”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues | Pennsylvania | Statewide PA | Taxation

    Liberals Pretending to be Conservatives Push PA RGGI Carbon Tax

    March 28, 2023March 28, 2023

    An environmental group purporting to be run by political conservatives, calling itself Conservatives For Responsible Stewardship (CRS), is pushing for Pennsylvania to adopt the Regional Greenhouse Gas Initiative (RGGI)–an obscene carbon tax that will kill the Marcellus shale industry in the state. In what has to be the ultimate example of chutzpah, the president of CRS, Dave Jenkins, argues in a column appearing in the Erie Times-News, that RGGI is (don’t laugh) a “market-based program” and the type of thing old Ron Reagan would have liked. HOGWASH!
    Read More “Liberals Pretending to be Conservatives Push PA RGGI Carbon Tax”

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

    New York Legislators Block Hochul NatGas Ban for Existing Homes

    March 28, 2023March 28, 2023

    We live and work in Upstate New York State (sad to say). It is our birthplace, and our families live here. However, New York has fallen. We are overwhelmed with Democrat socialists who don’t care about traditional American values like freedom. The best illustration of this is our newly-elected Governor, Kathy Hochul. She not only wants to ban natural gas hookups for new homes and businesses across the entire state, she wants to force all EXISTING homes and businesses to give up using natural gas (and fuel oil, and coal, and wood) as well. It’s certifiably insane. Yet that’s how the Democrat socialist mind works. Fortunately, there are at least a few Dems left willing to push back on some of this insanity. Where do plans stand to ban natgas in the Empire State?
    Read More “New York Legislators Block Hochul NatGas Ban for Existing Homes”

  • CNG/LNG | Exporting | Hydrogen | Industrywide Issues

    Buckeye Partners Switches Canadian Bear Head LNG Proj to Hydrogen

    March 28, 2023March 28, 2023

    Last year MDN told you about an interesting development for an LNG export project in Canada we’ve tracked for years. Bear Head LNG in Nova Scotia was sold to Houston-based Buckeye Partners for an undisclosed sum (see Buckeye Partners Buys Bear Head LNG Project in Nova Scotia). We’ve tracked the project because there was a small chance Marcellus/Utica molecules would feed the plant via a connection to the Maritimes & Northeast Pipeline (MNP). That small chance has now turned into a zero chance. Buckeye, after closing on the purchase of the Bear Head project, announced it plans to convert the project into an $850 million large-scale green hydrogen and ammonia export project.
    Read More “Buckeye Partners Switches Canadian Bear Head LNG Proj to Hydrogen”

  • MUI

    MDN Upstream Index (MUI) – Mar 28, 2023

    March 28, 2023March 28, 2023

    The most recent day of active trading was Mon., Mar. 27, 2023. The numbers below reflect yesterday’s closing numbers.


    Read More “MDN Upstream Index (MUI) – Mar 28, 2023”

  • Best of the Rest

    Other Stories of Interest: Tue, Mar 28, 2023

    March 28, 2023March 28, 2023

    NATIONAL: New poll shows strong support for HR 1 Lower Energy Costs Act; Oil jumps as sentiment improves; Science shows natgas stoves are not a hazard to indoor air quality; Nat-gas prices plunge on ample inventories and robust output; INTERNATIONAL: Russia diesel exports heading for record; Energy agency chief warns transition to renewables is way off track.
    Read More “Other Stories of Interest: Tue, Mar 28, 2023”

  • CNX Resources | Energy Companies | Industrywide Issues | Lease & Royalty Payments | Litigation | Noble Energy | Pennsylvania | Westmoreland County

    SWPA Reservoir, CNX Reach $600K Settlement re Royalty Deductions

    March 27, 2023March 27, 2023

    CNX has reached a settlement with the Municipal Authority of Westmoreland County (MAWC) in a lawsuit brought by MAWC in 2016 claiming that CNX (and partner Noble Energy) claimed post-production deductions from royalties that should have been paid to MAWC. The original lawsuit sought combined damages of $3.6 million. The final number to be paid by CNX, according to reports, is $600,000.
    Read More “SWPA Reservoir, CNX Reach $600K Settlement re Royalty Deductions”

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

    Shell Cracker Flares Again, Shuts Down Part of Plant for Repairs

    March 27, 2023March 27, 2023

    The mighty Shell ethane cracker seems to have “issues” in getting and staying fully up to speed. We’ve previously reported on a series of emergency flaring episodes at the plant (see Shell PA Cracker Plant has Another “Emergency” Flaring Episode). Over the weekend, Shell announced (via Facebook) it was shutting down part of the cracker plant facility “to perform maintenance and conduct repairs on one of our unit systems.” The shutdown requires the plant to once again activate its flaring (burning hydrocarbons) for an unspecified amount of time. Here we go again.
    Read More “Shell Cracker Flares Again, Shuts Down Part of Plant for Repairs”

  • Cambria County | Energy Services | Energy Transfer Partners | Industrywide Issues | Litigation | Pennsylvania | Pipelines | Sunoco Logistics

    Disabled Vet Sues ME2 Pipeline for Destroying Home Water & Sewage

    March 27, 2023March 27, 2023

    A disabled Navy veteran and his wife, who live in a rural, wooded area of Cambria County, PA, say their lives were upended beginning in 2017 when Sunoco (Energy Transfer) began constructing the Mariner East 2 NGL pipeline across their property. According to the vet, Sunoco cut down more than 60 large trees on his property, destroyed several small ponds, destroyed his water well, and destroyed (caved in) his septic system. The property is now susceptible to frequent flooding and sewage backups into the house.
    Read More “Disabled Vet Sues ME2 Pipeline for Destroying Home Water & Sewage”

  • Industrywide Issues | Pipelines | Regulation | Statewide WV | West Virginia

    Onerous Pipeline Regs Holding Back Economic Progress in WV

    March 27, 2023March 27, 2023

    According to the U.S. Energy Information Administration, West Virginia is the nation’s fourth-largest energy producer, and the fourth-largest producer of marketed natural gas. The Mountain State sits atop the prolific Marcellus and Utica shale formations, which account for about 95% of the state’s natural gas production. The state is poised for unprecedented growth. But it’s blocked from that growth due to a lack of pipelines–projects like the Mountain Valley Pipeline that can’t seem to finish because of lawsuits and regulations.
    Read More “Onerous Pipeline Regs Holding Back Economic Progress in WV”

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

    DEP Acting Sec. Negrin’s Deeply Flawed View of “Climate Change”

    March 27, 2023March 27, 2023

    We continue to be majorly disappointed with the new “Acting” Secretary of the Pennsylvania Dept. of Environmental Protection, Rich Negrin. Last Friday, we told you that Negrin is hewing to the far-left, promoting the concept that all wells and pipelines in poor communities and communities of color are automatically racist (see PA Acting DEP Sec. Disappoints by Spouting Enviro Justice Nonsense). We have more evidence of Negrin’s far-left, radical views. According to statements recently made by Negrin, he believes Climate Change (which he capitalizes, like Climate is replacing God) is “the defining issue of our time.” And all of his decisions will be filtered through that lens. How unfortunate for Pennsylvanians.
    Read More “DEP Acting Sec. Negrin’s Deeply Flawed View of “Climate Change””

  • CNG/LNG | Exporting | Industrywide Issues

    Freeport’s Rocky Road to Full LNG Restart – Feedgas Deliveries @ 50%

    March 27, 2023March 27, 2023

    We have been closely tracking the restart of the shuttered Freeport LNG export terminal following its emergency shutdown in June 2022 after an explosion and fire. Earlier this month, the Federal Energy Regulatory Commission (FERC) granted permission for the final pieces of the facility to return to full service (see FERC Grants OK to Restart Freeport LNG Final Liquefaction Train). However, the restart has been plagued with issues–to the point that cargo ships lined up to accept Freeport LNG were canceled (see Hiccups with Freeport LNG Restart Cause Cancellation of 4 LNG Ships). S&P has data showing feedgas flowing to the plant for several days last week averaged just over 1 Bcf/d (billion cubic feet per day).
    Read More “Freeport’s Rocky Road to Full LNG Restart – Feedgas Deliveries @ 50%”

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

    The Left Now Hides ESG Language to Avoid Republican Divestment

    March 27, 2023March 27, 2023

    Talk about brazen. The “reporters” of Bloomberg, who report exactly what the Democrat Party dictates they should report, are bragging about how Big Banks and Big Investment Firms are now burying information about ESG requirements in their documentation (just not talking about it) in order to “avoid losing lucrative business.” That’s right. Banks and investment firms (like SVB, now failed, and BlackRock, the largest investment firm in the world) haven’t actually changed their policies–they just change the way they talk about it. They hide it. Cover it up. Change the words.
    Read More “The Left Now Hides ESG Language to Avoid Republican Divestment”

  • MUI

    MDN Upstream Index (MUI) – Mar 27, 2023

    March 27, 2023March 27, 2023

    The most recent day of active trading was Fri., Mar. 24, 2023. The numbers below reflect Friday’s closing numbers.


    Read More “MDN Upstream Index (MUI) – Mar 27, 2023”

  • Best of the Rest

    Other Stories of Interest: Mon, Mar 27, 2023

    March 27, 2023March 27, 2023

    MARCELLUS/UTICA REGION: McNally announces $2.3M for Utica Shale Academy of Ohio; Pa. can be leader in natural gas production; NATIONAL: Oil falls Friday but posts weekly gain; Bank default contagion fears hit oil prices hard; Pulling back the curtain on North America’s crude oil trading market; Biden goes full radical in defense of ESG investing; INTERNATIONAL: Spain presses importers of Russian LNG.
    Read More “Other Stories of Interest: Mon, Mar 27, 2023”

  • Antero Resources | Chesapeake Energy | CNX Resources | Coterra Energy (Cabot O&G) | Energy Companies | EQT Corp | Gulfport Energy | Range Resources Corp | Seneca Resources | Southwestern Energy

    M-U Drillers Producing Same as 2022, Spending 9% More in 2023

    March 24, 2023March 24, 2023

    The sharp analysts at RBN Energy have sifted through the announcements and “guidance” statements from 42 of the country’s major publicly-traded oil and natural gas drillers for 2023. Among them are 11 gas-focused drillers, nine of which have operations in the Marcellus/Utica region. Looking at the list of 11 gas-focused drillers, RBN finds production will be just about the same in 2023 as it was in 2022–projecting a dip of 1% this year. The analysis also finds collectively that the 11 gas-focused drillers will spend around 9% more on drilling this year due to Bidenflation. Spending more to produce the same–not a winning formula for a politician to run on.
    Read More “M-U Drillers Producing Same as 2022, Spending 9% More in 2023”

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