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Marcellus Drilling News
  • Industrywide Issues | Regulation | Statewide WV | West Virginia

    Joe Manchin “Furious” Over Biden Implementation of IRA Climate Bill

    February 13, 2023February 13, 2023

    We just have to say right up front, U.S. Senator Joe Manchin from West Virginia is either a lying sleazebag, or he’s really, really stupid. And neither option is very inspiring. Last year Manchin was lured into voting in favor of a massive government spending bill that previously was called the New Green Deal. It got renamed (misnamed) to the Inflation Reduction Act (IRA), to make it an easier sell to voters (see Tragedy: Joe Manchin Caves & Agrees to Big Green Build Back Better). Now Manchin is making noise to reporters that he’s “livid” and “furious” that the Bidenistas are actually following through and distributing money from the IRA the way they said they would–with money for rich millionaires who buy electric cars. Lying? Or stupid? Take your pick.
    Read More “Joe Manchin “Furious” Over Biden Implementation of IRA Climate Bill”

  • CNG/LNG | Exporting | Industrywide Issues | Research

    Group of DC Democrats Pushes US LNG Exports to Help Environment

    February 13, 2023February 13, 2023

    There are a (very) few Democrats in Washington, D.C., who still support natural gas. It seems most national Democrat leaders (in Congress and beyond) have been coopted by the radical left of the party and now endorse the national suicide of dumping fossil energy. But not all Dems. A group of so-called moderate Democrats who aligned themselves with Bill Clinton formed a think tank in 1989 called the Progressive Policy Institute (PPI). The PPI recently published an issue brief (report) called “The Climate Case for Expanding U.S. Natural Gas Export.” The report says expanding U.S. LNG exports can lower global greenhouse gas emissions significantly, especially if fugitive emissions of methane are deeply reduced. The report even supports the construction of more pipelines here in the U.S. Imagine that! A group of Dems who support natgas and LNG exports. It’s like spotting a unicorn in the wild.
    Read More “Group of DC Democrats Pushes US LNG Exports to Help Environment”

  • Commodity Price | Industrywide Issues

    NYMEX Natural Gas Price is Likely to Gyrate Wildly This Year

    February 13, 2023February 13, 2023

    Please sit down, buckle up, and keep your hands inside the ride at all times. No, these are not instructions before boarding a roller coaster at your favorite theme park. These are instructions for those who buy and sell natural gas in 2023. While the price of natgas has been bumping along at the mid-$2 range since late December, don’t be lulled into the siren song of “lower for longer.” According to the Wall Street Journal, the “buffers that keep America’s natural-gas price fluctuations at bay are eroding,” and you can expect wild gyrations in price to happen in 2023.
    Read More “NYMEX Natural Gas Price is Likely to Gyrate Wildly This Year”

  • Pennsylvania | Statewide PA

    Fetterman Can’t Do the Job – NYT Says “Mental Health Challenges”

    February 13, 2023February 13, 2023

    We’re going to say it right up front to everyone who voted for John Fetterman for U.S. Senate in Pennsylvania: We told you so. We warned MDN readers Fetterman is not up to the job. He had a stroke, he should have pulled out of the race, but he didn’t. And now the left (including the Democrat cheerleaders of the New York Times) feel comfortable enough to admit the truth that some of us were speaking last fall–that Fetterman is not fit to be a U.S. Senator. Fetterman defeated the odious Republican Dr. Oz, so he’s served his purpose. Now it’s time to dump him and replace him with someone else. That appears to be the plan by the left.
    Read More “Fetterman Can’t Do the Job – NYT Says “Mental Health Challenges””

  • MUI

    MDN Upstream Index (MUI) – Feb 13, 2023

    February 13, 2023February 13, 2023

    The most recent day of active trading was Fri., Feb. 10, 2023. The numbers below reflect Friday’s closing numbers.


    Read More “MDN Upstream Index (MUI) – Feb 13, 2023”

  • Best of the Rest

    Other Stories of Interest: Mon, Feb 13, 2023

    February 13, 2023February 13, 2023

    MARCELLUS/UTICA REGION: West Virginia House OKs $105M for battery plant after debate; NATIONAL: RBN’s five-year natural gas market outlook; INTERNATIONAL: OPEC urges countries to invest significantly more in oil; Baltic nations go LNG hunting; IEA calls special meeting as gas crisis ‘not over’.
    Read More “Other Stories of Interest: Mon, Feb 13, 2023”

  • CNG/LNG | Exporting | Industrywide Issues | Regulation

    FERC Finally Grants OK for Freeport LNG to Begin Loading Ships

    February 10, 2023February 10, 2023

    Tuesday of last week, Freeport LNG, which has been out of operation since an explosion and fire in June 2022, asked the Federal Energy Regulatory Commission (FERC) for permission to begin re-introducing feedgas back into one of three liquefaction “trains” (units) at the facility. A day later, FERC agreed, and small amounts of gas began to flow (see FERC Approves Freeport LNG Request to Reintro Feedgas to 1st Train). Last Wednesday (a day later), Freeport said it was ready to begin loading ships with the LNG it’s producing and asked FERC for permission to do so. Yesterday FERC finally granted permission for loading ships–although Freeport still does not have permission to place any of its three LNG “trains” back into service officially. Not yet, anyway.
    Read More “FERC Finally Grants OK for Freeport LNG to Begin Loading Ships”

  • Industrywide Issues | Pennsylvania | Regulation | Statewide PA

    Rich Negrin Assumes Role of PA DEP Secretary with No Senate Hearing

    February 10, 2023February 11, 2023

    We spotted an article chronicling a visit to Pennsylvania by the Dept. of Interior Secretary Deb Haaland yesterday. She was there to tout money flowing to the Keystone State from the so-called Infrastructure bill in order to plug old abandoned oil and gas wells. What was interesting about her visit was not that she was there to promote the Bidenista agenda and proclaim how great the doddering old fool (her boss) is. The interesting thing is who was by her side: Rich Negrin. You may recall newly minted liberal Democrat Gov. Josh Shapiro nominated Negrin to be the next Secretary of the Dept. of Environmental Protection (DEP) just about 30 days ago (see Josh Shapiro Nominates Former NFL Player to Head PA DEP). So far, the State Senate has not held any hearings nor taken any votes on his nomination. Yet he is now the Acting Secretary of DEP, fully in charge.

    2/11/23 UPDATE: We have the inside scoop from a former Secretary of DEP as to how this works–the process for new heads of departments taking on the Acting role, the customs and traditions for how it is handled in PA. Please see the bottom of this article.
    Read More “Rich Negrin Assumes Role of PA DEP Secretary with No Senate Hearing”

  • Industrywide Issues | Lycoming County | Pennsylvania | Regulation | Statewide PA

    PA Sen. Gene Yaw Sounds Off on Tardy Shale Permits, Other Issues

    February 10, 2023February 10, 2023
    PA Sen. Gene Yaw

    Pennsylvania Senator Gene Yaw, who chairs the Environmental Resources and Energy Committee, recently had a sit-down with the editors of his hometown newspaper, the Williamsport Sun-Gazette. Yaw was “agitated,” according to the editors, worked up over the fact PA has an abundance of shale gas but can’t get it to market due to a lack of pipelines. He was also bent out of shape over the continuing issue of permit delays for new shale drilling by the state Dept. of Environmental Protection (DEP). Yaw says if the DEP can’t get its act together and approve simple permits for things like erosion and sedimentation control, the permits should (after a certain number of days) be automatically issued.
    Read More “PA Sen. Gene Yaw Sounds Off on Tardy Shale Permits, Other Issues”

  • CNG/LNG | Exporting | Industrywide Issues | Pennsylvania | Philadephia

    Sen. Yaw Exposes Total Media Blackout on Philadelphia LNG Hearing

    February 10, 2023April 9, 2024

    Last October, the Pennsylvania Senate Environmental Resources and Energy Committee held a hearing in Philadelphia about potentially locating an LNG export facility there. The country’s largest natural gas producer, EQT, showed up to discuss the key role gas has played in reducing emissions here at home and the role it could play in helping other countries reduce their emissions. Labor unions were there to talk about the jobs that would be created by such a facility. Penn LNG, the company that wants to build such a facility (and has lined up $6.4 billion so far to make it happen), was there too. But you didn’t know about it–because the event was ghosted by “mainstream” media.
    Read More “Sen. Yaw Exposes Total Media Blackout on Philadelphia LNG Hearing”

  • Electrical Generation | Industrywide Issues | Litigation | Pennsylvania | Regulation | Statewide PA

    PA Court Hears Argument that RGGI Carbon Tax Creates MORE Emissions

    February 10, 2023February 10, 2023

    Attorneys for both the Pennsylvania Dept. of Environmental Protection (DEP) and those representing gas-fired power plants were in PA Commonwealth Court on Wednesday. DEP’s attorneys argued the court should toss a lawsuit brought by the power-generating industry against an obscene carbon tax called the Regional Greenhouse Gas Initiative (RGGI) that DEP is trying to force on the state. Power generators argue in their lawsuit that RGGI will actually lead to MORE carbon pollution rather than less.
    Read More “PA Court Hears Argument that RGGI Carbon Tax Creates MORE Emissions”

  • CNX Resources | Energy Companies | Industrywide Issues | Reserves (Proved and Unproved)

    CNX Issues Extensive Proved Reserves Update, Added 32 Wells in 2022

    February 10, 2023February 10, 2023
    click for larger version

    CNX Resources issued an update on its reserves yesterday. Of particular interest to most folks (in particular investors) are “proved reserves,” which are volumes of oil and natural gas that geologic and engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions. CNX says proved “developed” reserves at the end of 2022 were 6.2 Tcfe (trillion cubic feet equivalent). However, total reserves, which include Proved, Probable, and Possible Reserves (3P), equaled 11.7 Tcfe.
    Read More “CNX Issues Extensive Proved Reserves Update, Added 32 Wells in 2022”

  • Antero Resources | Ascent Resources | Belmont County | Bradford County | Doddridge County | Energy Companies | Gulfport Energy | Marshall County | Ohio | Olympus/Huntley & Huntley | Pennsylvania | Repsol | Tug Hill Operating | Weekly Permits | West Virginia | Westmoreland County

    26 New Shale Well Permits Issued for PA-OH-WV Jan 30-Feb 5

    February 10, 2023February 10, 2023

    New shale permits issued for Jan. 30 through Feb. 5 in the Marcellus/Utica were about half the number of the week before, but the week before was a recent record high. There were 26 new permits issued in total last week, including five new permits for Pennsylvania, six new permits for Ohio, and 15 permits issued in West Virginia. Which is a turnaround from previous months. Lately, WV has puttered along with just a few (if any) each week. Last week WV issued eight new permits to Antero Resources and seven new permits to Tug Hill Operating.
    Read More “26 New Shale Well Permits Issued for PA-OH-WV Jan 30-Feb 5”

  • MUI

    MDN Upstream Index (MUI) – Feb 10, 2023

    February 10, 2023February 10, 2023

    The most recent day of active trading was Thu., Feb. 9, 2023. The numbers below reflect yesterday’s closing numbers.


    Read More “MDN Upstream Index (MUI) – Feb 10, 2023”

  • Best of the Rest

    Other Stories of Interest: Fri, Feb 10, 2023

    February 10, 2023February 10, 2023

    OTHER U.S. REGIONS: Rhode Island climate goals may require statewide ban on new gas hookups; NATIONAL: As natural gas prices tumble, new worries for U.S. shale patch; For carbon-capture projects, storage risks require decades of monitoring; INTERNATIONAL: Cuadrilla owner takes $157m hit from fracking moratorium; Why taxing cow burps isn’t the best climate solution; China powers up use of liquefied natural gas.
    Read More “Other Stories of Interest: Fri, Feb 10, 2023”

  • Electrical Generation | Industrywide Issues | New York | Niagara County

    Canadian Bitcoin Operator Completes Purchase of WNY Gas-Fired Plant

    February 9, 2023February 9, 2023

    Last September, the New York Public Service Commission (PSC), which oversees and regulates public utilities, approved the takeover of the Fortistar gas-fired power plant in North Tonawanda, NY, a town close to Niagara Falls, by Canadian crypto mining company Digihost. In December, the Federal Energy Regulatory Commission (FERC) offered its blessing too. All of which prompted the radicals of Earthjustice, representing two other disgusting radical groups–the Sierra Club and Clean Air Coalition of Western New York–to sue (see Green Radicals Sue NYS for Approving Niagara Falls Bitcoin Plant). Fortunately, the lawsuit didn’t stop the transfer, which happened yesterday. Digihost now owns the facility.
    Read More “Canadian Bitcoin Operator Completes Purchase of WNY Gas-Fired Plant”

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