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Marcellus Drilling News
  • Industrywide Issues | Pennsylvania | Pipelines | Regulation | Statewide PA

    PA PUC Denies PIOGA Petition re Regulating Gathering Pipelines

    April 3, 2023April 3, 2023

    The Pennsylvania Public Utility Commission (PUC) published notice in the April 1 Pennsylvania Bulletin that it has denied a request by the Pennsylvania Independent Oil & Gas Association (PIOGA) to reconsider the agency’s plan to regulate small, completely safe natural gas gathering pipelines. We have the news of the PUC’s rejection, and what it means, along with an exclusive–the official response from PIOGA.
    Read More “PA PUC Denies PIOGA Petition re Regulating Gathering Pipelines”

  • Electrical Generation | Industrywide Issues | Regulation | Statewide WV | West Virginia

    New Law Requires WV PEA to OK Fossil Fuel Power Plant Closures

    April 3, 2023April 3, 2023

    The West Virginia Public Energy Authority (PEA) is a seven-member board that aims to make the best use of WV’s abundant natural energy resources. State code gives the board power to buy, lease, and issue bonds to build electric power plants and natural gas transmission projects. Gov. Jim Justice reactivated the board in the summer of 2021 after it had been dormant for most of a decade. The first meeting of the new board was held in February 2022 (see Reactivated WV Public Energy Authority Holds First Meeting). Over the past year, the board has held a number of meetings and listened to a lot of people, but hasn’t actually done all that much. A bill recently signed into law by Gov. Justice will change that.
    Read More “New Law Requires WV PEA to OK Fossil Fuel Power Plant Closures”

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

    Antis Object to PA DEP Oversight of Carbon Capture Injection Wells

    April 3, 2023April 3, 2023

    We have new evidence that so-called environmental groups, including a long list of anti-fracking groups in Pennsylvania, don’t really care about the environmental at all. They only care about the power to dictate to you what energy sources you can and cannot use–as a way of controlling you. Great strides have been made in capturing and sequestering (storing underground) carbon dioxide (CO2). These so-called environmental groups all say that CO2 is killing Mom Earth. Yet when real science is employed to control CO2 (to sequester it), they attempt to block it. Why is that?
    Read More “Antis Object to PA DEP Oversight of Carbon Capture Injection Wells”

  • Chesapeake Energy | CNG/LNG | Commodity Price | Energy Companies | Exporting | Industrywide Issues

    Chesapeake CEO Says 20-25% of U.S. Gas Production Will be Exported

    April 3, 2023April 3, 2023

    Three weeks ago, Chesapeake Energy announced a 15-year deal to provide natural gas for LNG exports to Gunvor Singapore Pte (see Chesapeake Cuts Back on Marcellus, Signs Haynesville LNG Deal). As we shared then, Chesapeake plans to export some of its Haynesville production to an unnamed LNG plant along the Gulf Coast. In a follow-up interview with Chessy CEO Nick Dell’Osso, S&P Global Commodity Insights asked about the selection process for an LNG export plant. It was one of Dell’Osso’s peripheral remarks that caught our attention.
    Read More “Chesapeake CEO Says 20-25% of U.S. Gas Production Will be Exported”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues

    UN Group with $11T Under Mgmt Demands No New O&G Investments

    April 3, 2023April 3, 2023

    The Net Zero Asset Owner Alliance (NZAOA) is a group formed under the umbrella of the United Nations. It is a “member-led initiative” of institutional investors committed to transitioning their investment portfolios to mythical net-zero greenhouse gas emissions by 2050. The group’s members (some of the biggest banks and investment firms in the world) have some $11 TRILLION of assets under management. It’s mind-bogglingly huge. NZAOA issued an edict last week to its members: No new direct investments in upstream oil and gas infrastructure projects for new fields. Period.
    Read More “UN Group with $11T Under Mgmt Demands No New O&G Investments”

  • Commodity Price | Industrywide Issues

    $2.00 Natural Gas is Temporary, Just Like $10 Gas Was

    April 3, 2023April 3, 2023

    We have watched, with some distress, the crashing and burning of the price for natural gas in recent weeks and months (see NYMEX Henry Hub Crashing and Burning – Lowest Close in 30 Months). It sure feels like we’re back in the bad old days of “lower for longer” when it comes to the price of gas. However, a futures and options broker (and book author) writing on Real Money says $2 gas like we are seeing now is “temporary” and won’t last, just like nosebleed $10 gas didn’t stick around last year.
    Read More “$2.00 Natural Gas is Temporary, Just Like $10 Gas Was”

  • MUI

    MDN Upstream Index (MUI) – Apr 3, 2023

    April 3, 2023April 3, 2023

    The most recent day of active trading was Fri., Mar. 31, 2023. The numbers below reflect Friday’s closing numbers.


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

  • Best of the Rest

    Other Stories of Interest: Mon, Apr 3, 2023

    April 3, 2023April 3, 2023

    MARCELLUS/UTICA REGION: What happens when the sun sets on a solar farm?; OTHER U.S. REGIONS: CA is bingeing on renewables, but emissions not falling; NATIONAL: Shift triggers significant change to Fitch Solutions natgas price forecast; Oil producers sound alarms over public lands management; Why oil companies are not running out of fresh shale fields to frack; How new technology will disrupt the oil and gas industry; House approves sweeping GOP energy package; INTERNATIONAL: OPEC+ makes shock million barrel cut; Japan buys Russian oil at prices above cap; Lower natural gas price is not all good news for Europe.
    Read More “Other Stories of Interest: Mon, Apr 3, 2023”

  • Industrywide Issues | Luzerne County | Pennsylvania | Processing Plants

    Nacero Plan for Northeast PA Marcellus-to-Liquids Plant Still Alive

    March 31, 2023March 31, 2023

    In October 2021, Nacero announced a $6 billion gas-to-liquids (GTL) refinery to be built on the site of a former coal mine in Newport Township and Nanticoke in Luzerne County, PA (see NEPA Huge Deal – $6B Plant to Convert Marcellus Gas to Gasoline). The plant would convert Marcellus natural gas into zero-sulfur gasoline for use in existing cars and trucks without modification. The initial announcement was a big to-do involving politicians and local economic leaders. Antis (in typical fashion) have bashed the project (see PA Anti-Fossil Fuelers Hold Online Session to Bash Nacero GTL Plant). Since the initial announcement, there hasn’t been any apparent progress. We’ve wondered (for a while now) if this project is still alive?
    Read More “Nacero Plan for Northeast PA Marcellus-to-Liquids Plant Still Alive”

  • CNG/LNG | Exporting | Industrywide Issues

    Freeport LNG Plant Back to Full Capacity Using 2.1 Bcf/d of NatGas

    March 31, 2023March 31, 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 week, we told you about the plant’s rocky restart road, with feedgas flowing to the plant averaging around 50% of total capacity (see Freeport’s Rocky Road to Full LNG Restart – Feedgas Deliveries @ 50%). We have some great news. Reuters is reporting that as of yesterday, the full 2.1 Bcf/d (billion cubic feet per day) of feedgas is once again flowing to the Freeport facility. This day has been a long day in coming.
    Read More “Freeport LNG Plant Back to Full Capacity Using 2.1 Bcf/d of NatGas”

  • Ammonia | Enbridge | Energy Services | Industrywide Issues | Pipelines

    Blue Ammonia Plant on Gulf Coast Announced – Fed by TETCO Pipe

    March 31, 2023March 31, 2023

    In our daily perusal of press releases, we spotted an announcement from Yara and Enbridge about a joint venture to build a “world scale” low-carbon blue ammonia project along the Gulf Coast near Corpus Christi, Texas. We thought, “Hmmm, that’s interesting.” But as we read the announcement, our eyes got wide when they landed on this statement: “Enbridge’s Texas Eastern Transmission Pipeline is expected to provide the transportation service for feed gas that will be used for the production process.” Whoa! Now that’s REALLY interesting! We’ll tell you why…
    Read More “Blue Ammonia Plant on Gulf Coast Announced – Fed by TETCO Pipe”

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

    Leftist Green Groups Demand Shapiro Continue Supporting Carbon Tax

    March 31, 2023March 31, 2023

    If you support the Marcellus gas industry in Pennsylvania and you voted for Josh Shapiro for Governor last November, believing he doesn’t *really* want to kill the Marcellus industry via an obscene carbon tax (known as the Regional Greenhouse Gas Initiative, or RGGI), you were wrong. He does want to kill the industry. And a group of far-left groups are telling him he darned well better stay on the straight-and-narrow and keep RGGI alive. Or else…
    Read More “Leftist Green Groups Demand Shapiro Continue Supporting Carbon Tax”

  • CNG/LNG | Exporting | Industrywide Issues | Pipelines

    Pieridae’s Goldboro LNG Wants to Use Some Imported M-U Gas

    March 31, 2023March 31, 2023

    Just a few days ago, we told you that Pieridae Energy was scaling back the scope of its planned Goldboro LNG export plant project in Nova Scotia, Canada (see Pieridae’s Goldboro LNG Cancels Plan to Use Western Canada NatGas). The company no longer seeks to pipeline natural gas from Western Canada to the site, but instead is hoping (placing a big bet) on the neighboring province of New Brunswick to lift a fracking ban and begin allowing domestic production of natgas. What we didn’t know at the time is that Pieridae also wants a backup, a second source (Marcellus/Utica gas) to use “during certain times of the year.”
    Read More “Pieridae’s Goldboro LNG Wants to Use Some Imported M-U Gas”

  • Anti-Drilling/Fossil Fuel | Hydraulic Fracturing | Industrywide Issues | Ohio | Regulation | Statewide OH

    Ohio Democrats Introduce Bill to Ban Fracking Under Lake Erie

    March 31, 2023March 31, 2023

    Leave it to liberal Democrats to hype an issue that isn’t even an issue to try and scare folks for political gain. LibDems have introduced a bill in the Ohio House that would prohibit fracking for oil and gas underneath Lake Erie. The leftists of Lake Erie Waterkeeper appear to be behind the measure. When was the last time you heard about any drillers salivating over drilling and fracking under Lake Erie? That’s right. NEVER. And yet the left wants to plant the seed that drillers now have their sights set on fracking Lake Erie.
    Read More “Ohio Democrats Introduce Bill to Ban Fracking Under Lake Erie”

  • Allegheny County | Antero Resources | Armstrong County | Ascent Resources | Belmont County | Chesapeake Energy | CNX Resources | Doddridge County | Encino Energy | Energy Companies | Greene County (PA) | Harrison County | Lycoming County | Noble County | Ohio | Pennsylvania | Range Resources Corp | Snyder Brothers | Southwestern Energy | Weekly Permits | West Virginia | Wetzel County | Wyoming County (PA)

    32 New Shale Well Permits Issued for PA-OH-WV Mar 20-26

    March 31, 2023March 31, 2023

    New shale permits issued for Mar. 20-26 in the Marcellus/Utica dropped by two from the prior week. There were 32 new permits issued in total last week, including 22 new permits for Pennsylvania, 8 new permits for Ohio, and 2 permits in West Virginia. (Note we recently updated last week’s report to include WV permits after the WVDEP fixed its database.) Last week the top receiver of new permits was CNX Resources with 10 new permits spread across two PA counties: Greene and Allegheny. Snyder Brothers received 8 permits in Armstrong County, PA.
    Read More “32 New Shale Well Permits Issued for PA-OH-WV Mar 20-26”

  • MUI

    MDN Upstream Index (MUI) – Mar 31, 2023

    March 31, 2023March 31, 2023

    The most recent day of active trading was Thu., Mar. 30, 2023. The numbers below reflect yesterday’s closing numbers.


    Read More “MDN Upstream Index (MUI) – Mar 31, 2023”

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