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Marcellus Drilling News
  • Industrywide Issues | Regulation | Taxation

    Congressman Intros Natural Gas Repeal Act to Axe IRA Methane Tax

    January 26, 2023January 26, 2023

    After the shocking news that U.S. Senator Joe Manchin had sold out his state and the entire country by agreeing to support the misnamed Inflation Reduction Act (IRA) bill last summer, the details began to come out about just how bad this bill really is for the oil and gas industry. First and foremost, it slaps a new tax on natural gas production (see Joe Manchin’s Green New Deal Cave Slaps O&G with Big Methane Tax). We brought you a deep dive into how this onerous new tax will work (see A Closer Look at New Manchin Methane Tax – Part of IRA). Yesterday, Congressman August Pfluger (Republican from Texas), introduced H.R. 484, the “Natural Gas Repeal Act” which will eliminate the Natural Gas Tax imposed by President Joe Biden in the IRA. Love it!
    Read More “Congressman Intros Natural Gas Repeal Act to Axe IRA Methane Tax”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues

    Are You Really Against Fossil Fuels? Read This Before You Answer

    January 26, 2023January 26, 2023

    Today it’s fashionable to go along with the crowd and bash fossil fuels and fossil energy. If you’re a politician and you actually stick up for fossil energy, you don’t get invited to parties with all the cool kids. The thing is, those who bash fossil energy depend on fossil energy for about 90% of the things they use every single day. Do they know? Do they care? If we were to eliminate all fossil energy in the next 5-10 years (a metaphysical impossibility), it would instantly transport these dopes back into the Stone Age.
    Read More “Are You Really Against Fossil Fuels? Read This Before You Answer”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues

    Former Member Calls Extinction Rebellion & Just Stop Oil a “Cult”

    January 26, 2023January 26, 2023

    From time to time, we’ve brought you news about some of the more radical (and violent) people who irrationally hate fossil fuels–members of groups like Extinction Rebellion and its spinoff, Just Stop Oil. Some of their members are the kids who recently tried to deface a Vincent van Gogh painting in London (see Brainwashed “Just Stop Oil” Kids Try to Deface Van Gogh Painting). We’ve often compared these groups and their members to religious zealots. Here’s another word for these groups and the people who participate in them: cult. But it’s not us saying it. A former high ranking spokesperson for Extinction Rebellion is speaking out about her former organization, calling it a cult.
    Read More “Former Member Calls Extinction Rebellion & Just Stop Oil a “Cult””

  • MUI

    MDN Upstream Index (MUI) – Jan 26, 2023

    January 26, 2023January 26, 2023

    The most recent day of active trading was Wed., Jan. 25, 2023. The numbers below reflect yesterday’s closing numbers.


    Read More “MDN Upstream Index (MUI) – Jan 26, 2023”

  • Best of the Rest

    Other Stories of Interest: Thu, Jan 26, 2023

    January 26, 2023January 26, 2023

    MARCELLUS/UTICA REGION: EPA to deny permission for continued operation of SWPA coal ash disposal; NATIONAL: U.S. crude oil production will increase to new records in 2023 and 2024; Democrats, eco groups take aim at other home appliances amid gas stove debate; Fossil fuel profits roar back; Do Chinese donations explain Biden’s energy policies?; INTERNATIONAL: Fundamentals strong enough for $90+ oil period.
    Read More “Other Stories of Interest: Thu, Jan 26, 2023”

  • CNX Resources | Electrical Generation | Energy Companies | Industrywide Issues | Marshall County | Pipelines | West Virginia

    CNX Using Compressor Engine Exhaust Heat to Produce Electricity

    January 25, 2023January 25, 2023

    CNX Resources and ICE Thermal Harvesting have partnered on a pilot project to generate 100% emission-free, locally-sourced power for use in CNX’s operations, the two companies announced yesterday. They will do so by capturing waste heat generated from compressor stations used in the natural gas industry and converting it into electricity which CNX will then use to power the compressor station. First up is an experiment at CNX’s Dry Ridge compressor station in Marshall County, West Virginia.
    Read More “CNX Using Compressor Engine Exhaust Heat to Produce Electricity”

  • Electrical Generation | Industrywide Issues | Monroe County | Ohio

    Utica Gas Power Plant on Ohio River Returns to Service After Outage

    January 25, 2023January 25, 2023

    The Long Ridge Energy Terminal, host to a Utica shale gas-fired power plant that went online in November 2021, scheduled brief downtime for routine maintenance during the fourth quarter of 2022. But when the techs started to analyze the equipment, they discovered a problem, turning a couple of weeks of downtime into more than a month.
    Read More “Utica Gas Power Plant on Ohio River Returns to Service After Outage”

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

    Enviro Radicals Ask 4th Circus Clowns to Toss MVP Va. Water Permit

    January 25, 2023January 25, 2023

    The clown judges who occupy the U.S. Court of Appeals for the Fourth Circuit (4th Circus) appear ready to reject a water permit granted by the Virginia State Water Control Board to help finish up the 94% complete Mountain Valley Pipeline (MVP). Three judges from the 4th Circus were appointed back in 2017 to hear appeals by Big Green groups against the project. All three judges are profoundly bigoted and prejudiced against natural gas pipeline projects. Yesterday, the three clowns heard oral arguments from the foreign-backed Sierra Club (and its cronies) arguing the Control Board’s approval of a permit to cross streams and wetlands violates the federal Clean Water Act.
    Read More “Enviro Radicals Ask 4th Circus Clowns to Toss MVP Va. Water Permit”

  • Anti-Drilling/Fossil Fuel | Electrical Generation | Industrywide Issues | Pennsylvania | Philadephia

    Not-Nice Antis Oppose Permit Reissue for Nicetown Power Plant

    January 25, 2023January 25, 2023

    A Marcellus gas-fired power plant in Nicetown (a neighborhood in North Philadelphia) received a permit to build in 2017 (see Antis “Shocked” Philly Approved Marcellus Power Plant for SEPTA). SEPTA’s (Southeastern Pennsylvania Transportation Authority) Marcellus gas-powered electric plant, which finally went online in 2020, provides electricity to the organization’s northern Regional Rail lines and a bus garage. When it appeared the plant would get approved, antis got desperate and made shrill arguments that the plant is racist (see Nicetown Claims “Environmental Racism” re Gas-Fired Plant). The permit that allows the plant to continue operating is now up for review. Here come the not-nice antis to blather on once again about racist electric plants…
    Read More “Not-Nice Antis Oppose Permit Reissue for Nicetown Power Plant”

  • Commodity Price | Industrywide Issues

    Expert Says Price of NatGas Will Soar Again When Freeport Restarts

    January 25, 2023January 25, 2023
    click for larger version

    What the heck? This morning the price for the “front month” NYMEX Henry Hub futures contract (for February) almost sank to $3/MMBtu (see our graphic on the left). According to NGI, the NYMEX March contract for HH actually got down to $2.97/MMBtu. Ouch. The weather is fingered as the culprit. We’ve often said the weather is THE primary factor driving the price of natgas. However, an investor/trader (and expert) who reads MDN and is an MDN friend has a different take that he recently shared with us. His prediction is that the price of natgas will make a dramatic turnaround (increase) this year.
    Read More “Expert Says Price of NatGas Will Soar Again When Freeport Restarts”

  • Industrywide Issues | Mercer County | Pipelines | West Virginia

    Fed, State, Local $$ Used to Build Gas Pipe to WV Industrial Park

    January 25, 2023January 25, 2023

    A combination of federal, state, and local grants totaling $6 million will be used to extend a natural gas pipeline to the Cumberland Industrial Park and residences near Bluefield, WV (Mercer County). The Mercer County Commission is chipping in $1 million. The state of WV is giving $2 million. And WV Sen. Shelley Moore Capito secured $3 million from the federal government. Work will begin “soon” on the project.
    Read More “Fed, State, Local $$ Used to Build Gas Pipe to WV Industrial Park”

  • Electrical Generation | Industrywide Issues | Pipelines

    Capstone Sells Microturbines to Power Remote Marcellus Compressors

    January 25, 2023January 25, 2023

    MDN has highlighted Capstone Turbine Corporation, a California company that manufactures small electric-generating plants that run on natural gas, several times in the past (see our Capstone stories here). Capstone, at some point, renamed itself. The company is now called Capstone Green Energy Corporation. (It’s practically a requirement that businesses in California must insert the word “green” into their names or risk being banned from the state.) Capstone announced it has secured an “follow-on” order for two C200S Microturbines from “a leading oil and gas producer.” The two microturbines will power two different compressor stations where there is no nearby electric line for power. The microturbines create electricity by using gas from the pipeline itself.
    Read More “Capstone Sells Microturbines to Power Remote Marcellus Compressors”

  • MUI

    MDN Upstream Index (MUI) – Jan 25, 2023

    January 25, 2023January 25, 2023

    The most recent day of active trading was Tue., Jan. 24, 2023. The numbers below reflect yesterday’s closing numbers.


    Read More “MDN Upstream Index (MUI) – Jan 25, 2023”

  • Best of the Rest

    Other Stories of Interest: Wed, Jan 25, 2023

    January 25, 2023January 25, 2023

    OTHER U.S. REGIONS: Texas oil & gas industry paid record $24.7bn in taxes and royalties; Daily natgas spot prices in western U.S. exceed $50.00/MMBtu in Dec.; NATIONAL: Joe Biden’s opposition to natural gas hits home; A smart House GOP oil and gas play; INTERNATIONAL: This will be the decade of energy storage, Woodmac believes.
    Read More “Other Stories of Interest: Wed, Jan 25, 2023”

  • CNG/LNG | Exporting | Industrywide Issues

    Freeport LNG Asks FERC for Permission to Begin Restart Work

    January 24, 2023January 24, 2023

    Credit where credit is due. Freeport LNG, which has been offline since an explosion and fire in June 2022, has changed the target date to restart operations at the facility multiple times over the past few months. (We care because Marcellus/Utica molecules flow to the facility.) Various experts have weighed in with estimates that Freeport won’t restart until February or possibly March (see Rystad Energy Predicts Freeport LNG Restart to be March Earliest). However, since early January, Freeport has maintained it would restart by the end of January (see Familiar Pattern: Freeport LNG Delays Restart Again, to End Jan.). It may not be restarted in the next week, but on Monday, Freeport filed an official request with the Federal Energy Regulatory Commission (FERC) to begin the restart process now, in January. It is the first step in a full restart (a process that will take months).
    Read More “Freeport LNG Asks FERC for Permission to Begin Restart Work”

  • Chesapeake Utilities | Energy Services | Industrywide Issues | Maryland | Pipelines | Regulation

    FERC Approves New Compressor Unit in Sussex County, Delaware

    January 24, 2023January 24, 2023

    On January 18, 2022, Eastern Shore Natural Gas Company (ESNG, a subsidiary of Chesapeake Utilities Corporation) filed an application with the Federal Energy Regulatory Commission (FERC) to construct and operate a new natural gas-fired compressor unit and ancillary facilities at its existing Bridgeville Compressor Station in Sussex County, Delaware (called the Southern Expansion Project). Right away, the odious radicals of Food and Water Watch filed an official protest. It took nearly a year, but (as we’re just learning now) on Dec. 16, FERC issued full approval for the project. The new compressor unit will flow an extra 7.3 MMcf/d (million cubic feet per day) of natural gas to new residential, commercial, and industrial customers along the Delmarva Peninsula.
    Read More “FERC Approves New Compressor Unit in Sussex County, Delaware”

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