CNX CEO Talks About Appalachia First & Competing Visions for M-U
Earlier this week, MDN brought you news of a new vision from CNX Resources CEO Nick DeIuliis called “Appalachia First” (see CNX Unveils NatGas-Centered “Appalachia First” Vision for the Future). In a nutshell, Nick’s strategy is to extract and use natural gas right in our own region, making the Marcellus/Utica (i.e. Appalachia) the economic and jobs hub of the entire country. But Nick’s vision isn’t the only one floating out there. There are other “competing” visions for using M-U gas, including LNG exports and creating hydrogen. Nick had a conversation with the Pittsburgh Business Times about his vision versus other visions for using M-U gas.
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New analysis by S&P Global Commodity Insights finds higher natural gas prices have made methane capture projects increasingly economic, potentially unlocking vast amounts of new supply while lowering overall emissions. The analysis, funded in part by the Environmental Defense Fund (EDF), an anti-fossil fuel organization, says projects that capture and commercialize vented, fugitive, and flared methane are now cost-effective, given the high price of natural gas. In general, we agree.
MARCELLUS/UTICA REGION: Murrysville holds public hearing for 2nd fracking well on Plum border; NATIONAL: LNG supplier New Fortress surges after 3,000% dividend boost; New solution injects tracers into perforating clusters prior to fracturing; More Biden oil and gas restrictions are on the horizon; House Oversight Committee puts political agenda above energy security; INTERNATIONAL: HSBC to stop funding new oil and gas fields as part of policy overhaul.
Yesterday MDN brought you the great news that Coterra Energy (formerly Cabot Oil & Gas) would be allowed to restart drilling in a nine-square-mile area in Dimock, PA (Susquehanna County) following a “no contest” plea deal with PA’s bullying Attorney General, Josh Shapiro, on a misdemeanor charge (see 
Last week MDN told you that U.S. Senator Joe Manchin’s latest attempt to pass a so-called permitting reform bill (that would save Mountain Valley Pipeline as part of the bargain) had once again crashed and burned (see 
In 2020, EOG Resources, one of the largest oil and gas drillers in the U.S. (with international operations in Trinidad and China), sold *all* of its Marcellus assets, which were located in Bradford County, PA, to Tilden Resources for $130 million (see 
In April, a group of nearly 200 protesters from some 60 different wacko anti-fossil fuel groups turned out to protest a tiny 5-mile pipeline proposed in the Springfield, Massachusetts area (see 
The Freeport LNG export facility maintains it will restart accepting feedgas by the end of December. Following a request by the Federal Energy Regulatory Commission (FERC) to Freeport to respond to a list of 64 questions, we wonder if the plant will make that deadline. We’ve lost track of how many times Freeport, which has been offline since early June following an explosion in the plant, has changed the restart date. Last week the company said the final final final final restart would happen by the end of December (see 
In addition to the so-called Regional Greenhouse Gas Initiative (RGGI), a carbon tax on coal- and gas-fired power plants in the northeastern U.S., there are a number of other carbon tax schemes operating around the world. It is the biggest hoax ever perpetrated on the human race–getting us to pay for carbon dioxide emissions, the very stuff you breathe out with every breath you take. Part of the con job Pennsylvania Gov. Wolf tried was to convince everyone the carbon tax wouldn’t cost power plants all that much yet would deliver billions in revenue to the state. But the costs of carbon credits companies are required to purchase have skyrocketed over the past year. EIA says carbon credits went up an average 40% in 2021.
For all of you Paul Harvey fans (God rest his soul), this is, “The Rest of the Story.” Two weeks ago, Pennsylvania Attorney General Josh Shapiro, about to become Governor on Jan. 1 (a bona fide tragedy), made a big splash by announcing he had finally bullied Coterra Energy, the former Cabot Oil & Gas, into taking a plea deal in the infamous Dimock, PA case of methane migration into a few water wells (see 
On Friday, the Federal Energy Regulatory Commission (FERC) will hold its last meeting of 2022. It appears it will be the very last meeting for FERC Chairman Richard “Dick” Glick, who has been blocked from receiving a reappointment hearing by WV Sen. Joe Manchin. Without a hearing, Glick will be forced to step down after this year. Blocking Glick is about the only thing Manchin has done right this year. At any rate, at Friday’s meeting, the five (soon to be four) FERC commissioners will vote on a variety of issues. Two of the issues (projects) are vital to the Marcellus/Utica: a new certificate for the Spire STL Pipeline to continue operating, and a certificate to allow the Williams Transco Regional Energy Access Expansion project to proceed.
We spotted a post by our favorite government agency, the U.S. Energy Information Administration (EIA), that says although natural gas use by the “industrial sector” leveled off over the past few years, industrial sector usage of natgas is growing again, at least for this year. EIA figures industrial sector usage will grow 2.4% in 2022. However, due to the high price of natgas and the sucky Biden economy, EIA believes industrial sector gas usage will decrease 3.4% in 2023.