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Marcellus Drilling News
  • Industrywide Issues | Pennsylvania | Regulation | Statewide PA

    PA DEP Playing Beat the Clock with VOC Reg for Conventional Wells

    October 5, 2022October 5, 2022

    In July, the PA Independent Regulatory Review Commission (IRRC) voted 5-0 to approve Part I of the final Environmental Quality Board (EQB) regulation that supposedly will capture every last molecule of stray methane that leaks from shale drilling operations (see PA IRRC Approves Onerous VOC/Methane Regulation for Shale Ops). The onerous new regulation, adding new layers of reporting and new equipment requirements (that won’t change a thing) was supposed to already be in effect, but the House Energy committee in August voted to disapprove of the unconventional regulations, setting up a possible delay. The EQB, part of the state Dept. of Environmental Protection (DEP), was supposed to have developed a separate set of regulations for conventional wells, but has dithered on that front as well. The whole thing is a mess and risks blowing $500-$750 million dollars in federal highway funds.
    Read More “PA DEP Playing Beat the Clock with VOC Reg for Conventional Wells”

  • Energy Companies | Equinor/Statoil | ESG | Industrywide Issues | Ohio | Statewide OH

    100% of Equinor’s Ohio Utica Gas Production Certified Responsible

    October 5, 2022October 5, 2022

    Equinor, Norway’s largest oil company (state-owned, used to be called Statoil before they became ashamed to have the word “oil” in their name), announced it had achieved 100% certification for its natural gas produced in the Ohio Utica using Equitable Origin’s EO100™ standard. Equinor now produces “responsible” natural gas for its 27,000 operational net acres, and 242,000 non-operational net acres. Congrats!
    Read More “100% of Equinor’s Ohio Utica Gas Production Certified Responsible”

  • Electrical Generation | Industrywide Issues

    State of Connecticut Picks Up Gas-Fired Power Plant on the Cheap

    October 5, 2022October 5, 2022

    We’re confused. The State of Connecticut has been on a holy mission to eliminate natural gas-fired power plants in the state. In January of this year, Connecticut’s weak governor, Ned Lamont, gave in to radicals and helped torpedo a 650-megawatt, gas-fired plant slated to be built in eastern Connecticut (see CT Killingly Gas-Fired Plant Plan Killed by FERC – Blackouts Anyone?). Then in February, NRG axed plans to retrofit an existing 375-megawatt power plant with a new, efficient, natural gas turbine and operate the plant for only half of the year, to produce electricity during times when the grid is overtaxed (see Enviros Defeat Connecticut Gas-Fired Peaker Plant Plan). Two plants axed. Yet the state itself has just laid out $7.3 million (cheap!) to buy a natural gas power plant in Hartford to heat and cool more than a dozen state buildings, saying the acquisition will save money and improve energy efficiency. Huh?
    Read More “State of Connecticut Picks Up Gas-Fired Power Plant on the Cheap”

  • CNG/LNG | Crude Oil | Exporting | Industrywide Issues | Regulation

    Granholm Won’t Limit LNG Exports, Might Restrict Oil Exports

    October 5, 2022October 5, 2022
    Jennifer Granholm (credit: Reuters)

    On Tuesday, the Bidenistas ruled out limiting or banning exports of LNG from the U.S. to our friends in Europe and other countries. However, Jennifer Granholm, Secretary of Energy, arrogantly told Big Oil companies in a “bitter” meeting last Friday that the administration is still considering limits on exports of petroleum products (diesel, gasoline, oil) because the White House is in butt-covering mode with the price of domestic gasoline beginning to rise again before the election. It would be just fine for gas prices to spike after the election–but not before. So Granholm is making serious threats to curtail exports of petroleum products in order to artificially lower prices for a month or so, just until the election passes.
    Read More “Granholm Won’t Limit LNG Exports, Might Restrict Oil Exports”

  • Commodity Price | Industrywide Issues | Research

    EIA NatGas Monthly – Prices Reach Multiyear Highs in 2022

    October 5, 2022October 5, 2022

    Each month the U.S. Energy Information Administration (EIA) publishes a huge report called Natural Gas Monthly. Last Friday, EIA issued the latest (September 2022) edition of the report. There is a LOT of information in the report–statistics, data, charts, you name it. And the report covers not just the U.S., but natural gas flows for all countries around the world. One aspect of the report deals with prices. The analysts at EIA excerpted some of that information into a post on the agency’s Today in Energy website, comparing the price of natural gas for both residential and commercial customers this year with the five-year rolling average. In real terms, the 2021 annual residential price was the highest since 2014, and the commercial price was the highest since 2015. It looks like we will fly by those statistics in 2022.
    Read More “EIA NatGas Monthly – Prices Reach Multiyear Highs in 2022”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues | Pipelines

    EDF Buys Another Sham “Research” Study – Gathering Lines are Leaky

    October 5, 2022October 5, 2022

    It doesn’t take much these days to buy yourself a “study” that shows what you want it to show. So-called scientists are for hire all over the place. Take, for example, “researchers” at Stanford University and the University of Arizona. All that the far-left Environmental Defense Fund (EDF) had to do was put some money into the pockets of a couple of “researchers” from those schools, and voila! A new “peer-reviewed” study was published yesterday that claims natural gas gathering pipelines (in the Permian Basin) leak like sieves. Oh yeah. It’s FAR worse than anyone had ever thought. All that methane is leaking and toasting Mom Earth, and the villain is gathering pipelines. What a load of…
    Read More “EDF Buys Another Sham “Research” Study – Gathering Lines are Leaky”

  • Alternative Energy | Industrywide Issues | Regulation

    President Biden’s War on the American Oil and Gas Industry

    October 5, 2022October 5, 2022

    The world is currently in the midst of its third great energy crisis. The first came in 1973 (remember the long gas lines?) when the U.S. sided with Israel in the Yom Kippur war. OPEC (an enemy of Israel and the U.S.) tried to punish us by cutting off oil shipments. We should have learned back then. We didn’t. Near the end of the 1970s, when Islamic fundamentalists took over in Iran, we experienced our next great energy crisis (prices for oil doubled). And now, in 2021/2022, we are in the throes of our third worldwide energy crisis. But this time it is different. Instead of Middle Eastern despots being at the root of this crisis, it is self-inflicted–an irrational war against fossil energy by Joe Biden and those aligned with him on the environmental left.
    Read More “President Biden’s War on the American Oil and Gas Industry”

  • Best of the Rest

    Other Stories of Interest: Wed, Oct 5, 2022

    October 5, 2022October 5, 2022

    NATIONAL: USA diesel demand bounces back with a vengeance; The great risk in pushing every home off natural gas; Oil prices have moved lower with SPR releases, but production still lags; U.S. gas at $4-$5 is a thing of the past, says Tellurian chairman; INTERNATIONAL: Fitch Solutions offers OPEC+ prediction; Global gas markets to remain tight next year amid supply squeeze; More U.S. LNG heads to Europe despite output constraints; LNG shipping rates ‘shooting for the stars’ at $500,000 per day.
    Read More “Other Stories of Interest: Wed, Oct 5, 2022”

  • About MDN | Industrywide Issues | Pennsylvania | Research | Statewide PA

    Special Edition: POGLA Presentation 2022

    October 4, 2022

    MDN Editor Jim Willis had the honor of presenting today at the Pennsylvania Oil & Gas Landowner Alliance (POGLA) annual meeting. Jim took on the topic of SWOT: Strengths, Weaknesses, Opportunities, and Threats for PA Shale Drilling. The aim was to inform landowners and rights owners about where we find ourselves today, what influences more (or less) drilling for hydrocarbons in the state, and how landowners and rights owners can potentially take advantage of our current status. Jim put in a lot of research and thinking into the presentation. We bring you his presentation today in lieu of our regular lineup of news stories (Jim didn’t have time to do both!).

    Below is not only the slide deck from the presentation but also Jim’s running commentary/notes for each slide. So sit back, open up the presentation, and get up to speed on PA shale drilling.
    Read More “Special Edition: POGLA Presentation 2022”

  • Hydraulic Fracturing | Industrywide Issues | Pennsylvania | Research | Statewide PA

    First Signs Appear that Cancer/Fracking in Kids Study in Trouble

    October 3, 2022October 3, 2022

    Nearly two years ago, Gov. Tom Wolf announced a $2.5 million contract had been awarded to the University of Pittsburgh Graduate School of Public Health to “conduct research on the potential health effects of hydraulic fracturing in Pennsylvania” (see Pitt Researchers Get $2.5M for Fake Study to Link Shale & Kid Cancer). As we pointed out from the beginning, to study a single potential cause for cancer (fracking) and not any other causes (like a nearby abandoned uranium dump), is not real science. We’ve been critical of Pitt researchers, but maybe they are attempting real science after all. Why? The typical tight coalition of Big Education and Big Green is beginning to break down. Pitt researchers will not participate in a meeting being organized by anti-fossil fuel zealots that supposedly would provide an update on the so-called fracking-causes-cancer study.
    Read More “First Signs Appear that Cancer/Fracking in Kids Study in Trouble”

  • CNG/LNG | Commodity Price | Exporting | Industrywide Issues | Research

    Reuters Says U.S. Must Ramp Up Gas Production Due to LNG Exports

    October 3, 2022October 3, 2022

    According to a column by a Reuters analyst, U.S. natural gas production will need to increase significantly to continue growing LNG exports while ensuring natgas remains affordable for domestic electric power producers, households, and industrial users. This is the first article (we’ve seen) that puts numbers to the claim that LNG exports are beginning to drive the price of domestic natgas to higher levels.
    Read More “Reuters Says U.S. Must Ramp Up Gas Production Due to LNG Exports”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues

    Princeton U. Announces “Dissociation” from Fossil Energy

    October 3, 2022October 3, 2022

    Princeton University’s endowment, the fourth largest in the U.S., is bowing to cancel culture and is going to divest any holdings it has in some (but not all) fossil energy companies, including Exxon Mobil and Suncor Energy. Princeton is in good company with other Ivy League dunces, including Cornell University (see Cornell U Capitulates to the Crazies; Divesting from Fossil Fuels). However, Princeton may want to speak with their counterparts at Yale University. Yale began down the road of divestment from fossil energy companies, then pulled back earlier this year (see Yale Reverses Divestment, Re-invests in M-U Driller Antero Resources). And Princeton may want to speak with the pension fund managers at the California Public Employees’ Retirement System (CalPERS), which has suffered devastating losses over the past decade after divesting from fossil energy companies (see Dark Side of ESG – Huge Losses for Investors, High/Regressive Taxes).
    Read More “Princeton U. Announces “Dissociation” from Fossil Energy”

  • Energy Companies | EQT Corp | Industrywide Issues | M&A | Statewide WV | Tug Hill Operating | West Virginia

    A Closer Look at EQT’s $5.2B Purchase of Tug Hill’s THQ Appalachia

    October 3, 2022October 3, 2022

    In September, EQT Corporation announced it is buying Tug Hill Operating’s West Virginia shale assets for $5.2 billion (see Confirmed: EQT Buys Tug Hill’s THQ Appalachia for $5.2 Billion). The deal adds 90,000 acres and 800 MMcf/d (million cubic feet per day) of production to EQT’s existing, massive, portfolio. Although we shared many of the details about the transaction (as provided by EQT), RBN Energy has done a deeper dive into the deal, looking at what it means for EQT, and what it means for the entire region.
    Read More “A Closer Look at EQT’s $5.2B Purchase of Tug Hill’s THQ Appalachia”

  • Antero Resources | Energy Companies | ESG | Industrywide Issues

    Antero Resources Issues Annual ESG Report for 2021

    October 3, 2022October 3, 2022

    There’s ESG, and then there’s ESG. We’ve tried to make this distinction a number of times, and will use the latest ESG report issued by Antero Resources to make the distinction again. When a huge (very important) company like Antero Resources, a natural gas driller focused on West Virginia, talks about ESG (or Environmental, Social, and Governance), it’s talking about all of the things the company does to prove to wackos that it behaves in an environmentally responsible manner when extracting hydrocarbons out of the ground. When the wackos talk about ESG, they mean (a) get everyone to divest from fossil energy, and (b) if a company happens to be in the fossil energy business, it needs to move away from extracting oil and gas and toward investing in sketchy so-called renewable energy sources.
    Read More “Antero Resources Issues Annual ESG Report for 2021”

  • Anti-Drilling/Fossil Fuel | Energy Companies | Exporting | Exxon Mobil | Industrywide Issues | Regulation

    Exxon Says Granholm is Crazy for Demanding Less Oil/Diesel Exports

    October 3, 2022October 3, 2022

    In August, Jennifer Granholm, hands down the most incompetent Secretary of Energy ever to hold the office, sent a letter to seven major refinery companies threatening them that if they don’t scale back exports of gasoline, diesel, and other liquid petroleum products, Granholm will have old dementia Joe whip up an executive order slapping a ban on such exports (see Biden DOE Threatens Refineries: Export Less Gas & Diesel, or Else). She made ’em an offer they can’t refuse. Yet at least one of them, Exxon Mobil, has refused it–sending a letter back to Granholm telling her (our words, their sentiment) that she’s crazy.
    Read More “Exxon Says Granholm is Crazy for Demanding Less Oil/Diesel Exports”

  • Research

    New Research Shows How to Convert Methane to Methanol with Low CO2

    October 3, 2022October 3, 2022
    methanol

    Brazilian researchers have discovered a way to convert methane into liquid methanol at room temperature. This is a big deal because methanol burns more cleanly (less carbon dioxide emissions) than burning methane (i.e. natural gas). This new process uses light and scattered transition metals such as copper in a process known as photo-oxidation. Conventional methods of converting methane into methanol require a lot of heat and pressure that generates a significant amount of CO2 as a byproduct. There’s no real advantage to burning methanol created that way. This discovery sidesteps the heat and pressure needed to convert methane into methanol.
    Read More “New Research Shows How to Convert Methane to Methanol with Low CO2”

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