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Marcellus Drilling News
  • Anti-Drilling/Fossil Fuel | ESG | Industrywide Issues

    Environmental Movement Uses Global Warming as “Moral Blackmail”

    October 20, 2022October 20, 2022

    Rupert Darwall, a senior fellow at RealClearFoundation, was recently interviewed by NTD News (associated with The Epoch Times newspaper). It was an outstanding interview (watch it below). Darwall said environmentalists use a version of McCarthyism to stifle opposition–a form of “moral blackmail.” If anyone deigns to disagree with the accepted catastrophic global warming party line, that person is hounded until they shut up. And if they don’t shut up, their job (and social standing) is threatened. Free speech is dead in the environmental movement. Free thought is too.
    Read More “Environmental Movement Uses Global Warming as “Moral Blackmail””

  • Best of the Rest

    Other Stories of Interest: Thu, Oct 20, 2022

    October 20, 2022October 20, 2022

    NATIONAL: Biden admin taking additional energy measures; Sales of natural gas trucks up, number of stations down; Propane continues to lead US petroleum product exports; INTERNATIONAL: Shell closes UK hydrogen filling stations; Erdogan says he agreed with Putin to form natural gas hub in Turkey.
    Read More “Other Stories of Interest: Thu, Oct 20, 2022”

  • Commodity Price | Industrywide Issues

    NYMEX NatGas Price Loses $0.71 in 2 Days on Balmy Forecast

    October 19, 2022October 19, 2022

    Although there are multiple (and complex) factors that work together to drive the price of natural gas up or down, there is one factor that typically stands head and shoulders above the rest: weather. Even though Europe is still in a pickle with lack of natgas supplies and bidding against Asia to attract said supplies from the U.S., and even though domestic demand from sectors like power generation and even home heating is on the increase, and even though domestic natgas in storage is way below the five-year average, all of which would normally indicate higher demand and therefore higher prices–the weather trumps everything. Warm weather predictions (meaning less demand) have caused a drop in the price of the NYMEX front month contract by 71 cents in the past two days. The price is now at a three-month low.
    Read More “NYMEX NatGas Price Loses $0.71 in 2 Days on Balmy Forecast”

  • BP | Energy Companies | EQT Corp | Industrywide Issues | M&A | Rice Energy

    Rice Boys’ Paycheck for Selling Renewable Energy Co? $975 Million

    October 19, 2022October 19, 2022
    The Rice Brothers: Derek, Toby, and Daniel (left to right) in November 2021. (Credit: Chris Crisman/The Forbes Collection)

    Yesterday MDN brought you the news that the company created and backed by Dan Rice (and his brothers), called Archaea Energy, is selling itself to BP for $4.1 billion (see Dan Rice’s Renewable Energy Company Sells to BP for $4.1 Billion). Depending on the source you read (Bloomberg or Forbes), the Rice boys will pocket either $975 million or $720 million from the deal. Any way you slice it, it’s a LOT of money.
    Read More “Rice Boys’ Paycheck for Selling Renewable Energy Co? $975 Million”

  • Anti-Drilling/Fossil Fuel | Chester County | CNG/LNG | Exporting | Industrywide Issues | Pennsylvania | Philadephia | Regulation

    PA Sen. Carolyn Comitta, Anti from Philly, Confuses LNG and NGL

    October 19, 2022October 19, 2022
    PA Senator Carolyn Comitta

    Is Pennsylvania State Senator Carolyn Comitta (Democrat from Chester County, anti-fossil fueler) intentionally obtuse when it comes to the Marcellus Shale industry, or does she come by her obtuseness naturally? That’s what we wondered when reading some rather idiotic statements made by Comitta in response to a couple of bills reported out of the Senate Environmental Resources and Energy Committee, a committee that she sits on. One of the bills would fund a study to look at LNG exports from the Philadelphia area–an attempt to jump-start the process and get the ball rolling to export more PA Marcellus molecules.
    Read More “PA Sen. Carolyn Comitta, Anti from Philly, Confuses LNG and NGL”

  • Allegheny County | Anti-Drilling/Fossil Fuel | Industrywide Issues | Pennsylvania | Regulation | Statewide PA | Taxation

    PA Senate Bill Advances to Punish Counties that Ban Fracking

    October 19, 2022October 19, 2022

    The Pennsylvania Senate Environmental Resources and Energy Committee was busy yesterday. In a companion post today, we told you about opposition to a bill by Sen. Carolyn Comitta that would do nothing more than study the concept of exporting LNG from the Philadelphia region (see PA Sen. Carolyn Comitta, Anti from Philly, Confuses LNG and NGL). A second bill that Comitta and her pal on the Environmental Committee, Sen. Katie Muth (also a left-wing Democrat), opposed yesterday is a bill that withholds impact fee (tax) revenue from counties that ban fracking on or under public lands, like parks.
    Read More “PA Senate Bill Advances to Punish Counties that Ban Fracking”

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

    Brainwashed Kids Pressure UPenn to Divest All Fossil Energy Cos.

    October 19, 2022October 19, 2022

    There are eight so-called Ivy League institutions: Brown University, Columbia University, Cornell University, Dartmouth College, Harvard University, the University of Pennsylvania, Princeton University, and Yale University. At this point, most of them have made moves to divest their massive endowments from any company that is even remotely connected to the fossil energy industry. One of them has not, yet: the University of Pennsylvania. A group of brainwashed children at UPenn are behaving like spoiled rotten brats, demanding UPenn divest from any company with a whiff of oil or natural gas about it. They even want the school to ban fossil energy companies from recruiting on campus (no free speech at UPenn).
    Read More “Brainwashed Kids Pressure UPenn to Divest All Fossil Energy Cos.”

  • CNG/LNG | ESG | Exporting | Industrywide Issues

    Europe Gas Crisis has Dialed Back ‘Responsible’ LNG in U.S.

    October 19, 2022October 19, 2022

    Once upon a time, a few years ago, Europe turned its nose up to American “fracked” gas as filthy and vile, preferring to buy its gas from Vladimir Putin instead. American companies fell all over themselves to win the love of arrogant Europeans for our natural gas–primarily by “proving” our gas (turned into LNG) is “responsible.” Responsible gas certification programs appeared overnight and have been adopted by most (if not all) of the major drillers in the Marcellus/Utica (see 60% of Certified NatGas Will Come from M-U by End of 2022). Then Russia invaded Ukraine and Putin began to throttle gas supplies to Europe in retaliation for Europe sanctioning Russia. Now Europe can’t get enough of American “fracked” gas–and they don’t particularly care if the gas has a “responsible” label on it or not!
    Read More “Europe Gas Crisis has Dialed Back ‘Responsible’ LNG in U.S.”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues

    Reducing Energy Options Doesn’t Work – Just Ask Europe

    October 19, 2022October 19, 2022

    We spotted a must-read article from Scott Tinker, the director of the Bureau of Economic Geology at The University of Texas at Austin. In his column, Tinker points out the failure of Europe’s energy policies for the past quarter century–policies that shut down energy options like nuclear, coal, and natural gas, believing that wind and solar would take their place. It hasn’t worked. The brilliance of Tinker’s column is in comparing what’s happening in states like California and New York to what happened in Europe. Those two states (among others) are following in the footsteps of Europe, doing the same things–eliminating energy choice before alternatives can handle the load. And we are seeing the same identical results in CA and NY that we see in Europe–energy scarcity and skyrocketing energy prices.
    Read More “Reducing Energy Options Doesn’t Work – Just Ask Europe”

  • Best of the Rest

    Other Stories of Interest: Wed, Oct 19, 2022

    October 19, 2022October 19, 2022

    MARCELLUS/UTICA REGION: ‘Intro To Natural Gas’ popular among Tech students; INTERNATIONAL: EU ramps up Russian LNG purchases by 50% this year; Video shows massive hole in Nord Stream natural gas pipeline.
    Read More “Other Stories of Interest: Wed, Oct 19, 2022”

  • Industrywide Issues | Research

    EIA October DPR Shows Haynesville & Permian Sprint, M-U Crawls

    October 18, 2022October 18, 2022
    click for larger version

    The Marcellus/Utica is getting its collective butt kicked by both the Haynesville Shale and Permian Basin with respect to adding new quantities of natural gas production, according to the U.S. Energy Information Administration (EIA) and its latest Drilling Productivity Report (DPR). Between October and November, EIA predicts the M-U will add another 89 MMcf/d (million cubic feet per day) of new production. However, the Permian will add 127 MMcf/d next month, and the Haynesville will add a big 200 MMcf/d.
    Read More “EIA October DPR Shows Haynesville & Permian Sprint, M-U Crawls”

  • Anti-Drilling/Fossil Fuel | CNG/LNG | Electrical Generation | Industrywide Issues

    New England Facing Blackouts This Winter from Lack of NatGas

    October 18, 2022October 18, 2022

    As happens at the beginning of most winters (at least in recent years), we are beginning to see articles with warnings from the electric grid operator in New England, ISO New England Inc., that if the region experiences “an extremely cold winter,” it’s a pretty safe bet there will be electric blackouts. The region relies almost exclusively on natural gas to generate electricity. The reason there will be blackouts is due to Maura Healey. Healey is the Attorney General of Massachusetts. During her tenure as AG, Healey has blocked two different natgas pipeline projects–because she irrationally hates (yet still uses) fossil energy. Healey is now running for governor of MA and is likely to win. You know what? Massachusetts residents will get the blackouts they deserve if they elect Healey.
    Read More “New England Facing Blackouts This Winter from Lack of NatGas”

  • Commodity Price | Industrywide Issues | Research

    US NatGas Winter Outlook – Higher Production, Even Higher Demand

    October 18, 2022October 18, 2022

    U.S. natural gas production is projected to increase a big 4% this winter, but lower-than-average storage along with an estimated 2% increase in demand will combine to place upward pressure on natural gas prices compared to last winter. So says the Natural Gas Supply Association (NGSA) in its 22nd annual Winter Outlook forecast of the wholesale winter natural gas market (an executive summary of the NGSA report is embedded below).
    Read More “US NatGas Winter Outlook – Higher Production, Even Higher Demand”

  • Education | Hydrogen | Industrywide Issues | Research | Statewide WV | West Virginia

    WVU Researching Ways to Use WV’s Abundant Supply of NatGas

    October 18, 2022October 18, 2022

    Researchers at the West Virginia University (WVU) Energy Institute presented an update on their latest work to reporters yesterday on the Evansdale campus in Morgantown. According to Sam Taylor, assistant director for the WVU Energy Institute, the university is leading the way in research of technologies that can help move the state to a cleaner environment while still using the natural gas produced in the state. WVU professed its love for natgas, but it loves loves loves hydrogen.
    Read More “WVU Researching Ways to Use WV’s Abundant Supply of NatGas”

  • BP | Energy Companies | Hydrogen | Industrywide Issues | M&A

    Dan Rice’s Renewable Energy Company Sells to BP for $4.1 Billion

    October 18, 2022October 18, 2022

    In December 2020, Dan Rice IV, former CEO of Rice Energy and a member of the EQT board of directors, launched a “blank check” acquisition firm, called Rice Acquisition Corp., to invest in various energy ventures. Dan found his something-to-invest-in just a few months later in the form of acquiring and merging together Archaea Energy and Aria Energy into a single company focused on providing renewable natural gas (RNG) and “green” hydrogen (see Dan Rice Bets $1 Billion that Landfill Gas is the Next Big Thing). With the merger done, the new company (using the Archaea Energy name) moved from Pittsburgh to Houston, Texas, earlier this year (see Dan Rice’s Renewable Energy SPAC Moving to Houston, TX). Dan’s big payday is finally here. BP announced yesterday that it is buying Archaea for $4.1 billion.
    Read More “Dan Rice’s Renewable Energy Company Sells to BP for $4.1 Billion”

  • Industrywide Issues | Research

    NatGas Home Heating Bills 28% Higher in U.S., 300% Higher in Europe

    October 18, 2022October 18, 2022

    The U.S. Energy Information Administration recently published its Winter Fuels Outlook for 2022-2023. Major media outlets are picking up on this statistic: The U.S. average household that heats with natural gas will pay $931 this winter, up 28% (or $206) from what that same household paid last winter. Although production (supplies) of natural gas is increasing, demand is going up even more. Yes, LNG exports play a role in that, but so too does an increase in demand from domestic power generators, industrial users, etc. But here’s what we want to point out about this news, some context that’s missing in the stories we see: Other Western democracies, like Germany, are paying far more for natural gas than we are. FAR more.
    Read More “NatGas Home Heating Bills 28% Higher in U.S., 300% Higher in Europe”

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