Coterra Spends $20,000 on Christmas Gifts for Kids in NE Pa.
Coterra Energy, along with several other companies active in the northeast Marcellus Shale, recently went on a shopping spree to buy gifts for kids in northeastern Pennsylvania. Coterra organized a shopping trip that saw workers from Coterra and other organizations spend a cumulative $20,000 on Christmas gifts. The gifts are being distributed by Interfaith, an ecumenical religious organization (think Salvation Army) that offers “help and hope” to residents in northeastern PA. It’s been our observation that this largesse on the part of Coterra and other affiliated companies operating in northeastern PA is not some one-time PR stunt. Coterra does this year after year after year. And not just at holiday time. Hats off to George Stark, Bill desRosiers, and the great crew at Coterra for the work they do in the local community.
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Last week (Dec. 12-18), the number of permits issued to drill new shale wells in the Marcellus/Utica bumped up nicely to 32, up from the prior week’s 20. Both Pennsylvania and Ohio issued 16 new shale permits each. West Virginia got skunked and issued none.
We wish you a Merry Christmas…and a Happy New Year! MDN will take off (i.e. no new stories posted) between Dec. 26th and Jan. 2nd in observance of the holiday season. Don’t worry, we’ll still keep an eye on the news, and if anything earth-shattering happens, we’ll post about it. However, our intent is to take a break from writing for an entire week. We will see you again on Tuesday, January 3rd.
MARCELLUS/UTICA REGION: CNX, UPMC to work together on health care training program; OTHER U.S. REGIONS: Blue hydrogen, blue ammonia, and now blue methanol; Oil, gas jobs see continued growth in November; NATIONAL: The top energy stories of 2022; Winter storm walloping the US threatens to disrupt LNG exports; US natural gas output drops as winter storm disrupts production.
Another twist in the effort to overturn a bill passed earlier this year by the West Virginia legislature, Senate Bill (SB) 694, which finally brings forced pooling for shale wells to the Mountain States after eight years of trying (see 
We’ve extensively covered the issue of Big Banks and Big Investment Firms turning against and refusing to fund fossil energy companies. Financial institutions are routinely hounded by radicalized leftists to deny funding to oil and gas companies, and sadly, many banks and investment firms have caved to the pressure. The attorneys general and state treasurers in “red” states are fighting back by pulling state business (and pension funds) from said companies, like BlackRock (see 
Kevin Sunday, director of government affairs with the Pennsylvania Chamber of Business and Industry, recently published an op-ed in the Pittsburgh Post-Gazette pointing out how the mighty Shell ethane cracker plant in Beaver County, PA, is the result of business and government (bipartisan government) working together. He makes the case that we need more of this type of thing, especially with many new faces coming to Harrisburg in January. We frankly wonder if hoping for bipartisan cooperation on fossil energy projects in the current political climate is just spitting in the wind.
According to an article by Reuters, U.S. and Canadian natural gas output “could hit growing pains in 2023.” U.S. and Canadian natural gas production is expected to hit new all-time record highs in 2023. However, growth in production is slowing, and likely to hit a ceiling in 2023. Why? Lack of pipelines that can shuttle molecules from places like the Marcellus/Utica to the Gulf Coast, where petrochemical plants and LNG export facilities can use all of the gas they can get. We could produce more here in the M-U–a LOT more. But we can’t, because we have no way to transport the extra production.
The great energy savior many on the left (and the right) are pushing is hydrogen. Never mind that hydrogen is extremely explosive (far more so than natural gas). And never mind that hydrogen is leaky (far more than natural gas because it’s lighter). Hydrogen’s chief advantage is that when it burns, it does not create carbon dioxide–the stuff you breathe out with every breath your take. Some utility companies have conducted small experiments to blend in 5-10% of hydrogen with natural gas to see how it goes. Will stoves and furnaces work OK with hydrogen blended? The Brits aren’t bothering with an incremental approach. They have selected and will FORCE some 2,000 homes in northwest England to convert to 100% hydrogen. No frittering around with half-measures and blending. People in the target village are using terms like “guinea pigs” and “lab rats” to describe their forced conversion to hydrogen.
It took us a while to track down this story, but we finally have details about the settlement of a class action lawsuit brought by roughly 60 landowners in Fayette County, PA, against Chief Exploration and Development, the former drilling arm of Chief Oil & Gas (now called Cyprus Exploration and Development). The lawsuit alleged that in 2008, Chief and its landman had cut a deal to lease the landowners’ property and then never paid the stipulated signing bonus. The lawsuit sought $7 million. The landowners ended up settling for $5.5 million earlier this month.
While the commodity price of natural gas has always drifted up and down, we can’t remember a time (in our coverage of the industry) when it has been so volatile–with wide swings in both directions–as it has been in 2022. Yesterday was another “bottom is dropping out” down day when the NYMEX futures price at the Henry Hub fell by $0.52. The NYMEX price has fallen three days in a row and is down a total of $1.64 (or 23.6%) over those three days.
Unlike the Delaware River Basin Commission (DRBC), which gets the creepy crawlies at the mere mention of the word “fracking,” the Susquehanna River Basin Commission (SRBC) has been dealing with fracking and water requests for use in fracking for more than a decade. Somehow the SRBC, a quasi-governmental agency (as is the DRBC), manages to allow fracking, and there are NO negative impacts on local water and NO negative impact on the Susquehanna River and its tributaries. Must be the people who run the SRBC are just more talented than those who run the DRBC.