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Marcellus Drilling News
  • Beaver County | Energy Companies | Ethane | Industrywide Issues | Litigation | Pennsylvania | Processing Plants | Shell

    Big Green Radicals Suing Shell for “Air Pollution” from PA Cracker

    February 3, 2023February 3, 2023

    Yesterday two radicalized Big Green groups–the Environmental Integrity Project (based in D.C.) and the Clean Air Council (based in Philadelphia)–filed a notice of intent to sue the Shell Polymers Monaca ethane cracker plant near Pittsburgh. The notice, as well as the coming lawsuit, has all the hallmarks of being planned long ago, perhaps years ago, before the cracker plant even came online. The false claim in the notice and coming lawsuit is that the cracker plant is “repeatedly” violating air pollution limits.
    Read More “Big Green Radicals Suing Shell for “Air Pollution” from PA Cracker”

  • Industrywide Issues | Ohio | Regulation | Statewide OH

    Sloooow OH O&G Land Management Commission Gets a Kick in the Pants

    February 3, 2023February 3, 2023

    The Ohio Oil and Gas Leasing Commission, established in 2011 by a law signed by RINO Gov. John Kasich, is a five-member group designed to oversee drilling and fracking on state-owned land. After Kasich created it, he refused to appoint members, for years, to punish the oil and gas industry for not endorsing his plan to raise the severance tax rate. In 2017, under threat by the Republican legislature, Kasich finally relented and appointed the five members (see Ohio Gov Kasich About to Lose Power to Stop Drilling on State Land). Since that time, the commissioners have pretty much sat on their hands. That’s about to change.
    Read More “Sloooow OH O&G Land Management Commission Gets a Kick in the Pants”

  • CNG/LNG | Exporting | Industrywide Issues | Ohio | Regulation | Statewide OH

    Ohio Rep. Johnson’s Bill Would Drop DOE from LNG Export Approvals

    February 3, 2023February 3, 2023

    U.S. Rep. Bill Johnson, Republican Congressman from Ohio’s 6th congressional district (in the Utica Shale part of the state), has introduced his first bill of the new session of Congress. The bill is called the Unlocking Our Domestic LNG Potential Act. It will allow domestic suppliers of natural gas, including LNG, to export our gas to allies in Europe and Asia after completing the Federal Energy Regulatory Commission’s (FERC) review process only–cutting out a requirement to have the U.S. Department of Energy (DOE) also approve it. The DOE approval takes much longer (years) and has been a choke point. It’s time to end the delays. It’s time to get rid of the weakest link.
    Read More “Ohio Rep. Johnson’s Bill Would Drop DOE from LNG Export Approvals”

  • Industrywide Issues | Regulation | Statewide WV | West Virginia

    Cruz & Manchin Float Bill to Block Bidenistas Banning Gas Stoves

    February 3, 2023February 3, 2023

    In a bid to prop up his in-the-toilet poll numbers, West Virginia Sen. Joe Manchin (Democrat who voted to screw the country with the Inflation Reduction Act) has joined Republican Texas Sen. Ted Cruz to introduce a new bill aimed at blocking the Bidenistas at the Consumer Product Safety Commission from using federal funding to ban new or existing gas stoves. Since it’s a Republican and a Democrat jointly sponsoring the bill, the bill is considered “bipartisan,” and we can jam that label down the left’s throat. However, even if all Republicans plus Manchin vote for it, we’re still one vote shy of passing it (plus Biden will veto it for sure).
    Read More “Cruz & Manchin Float Bill to Block Bidenistas Banning Gas Stoves”

  • Industrywide Issues | Research

    The Coming Energy Supply Crisis Due to Underinvestment in O&G

    February 3, 2023February 3, 2023

    Sometimes we (collectively) need to zoom out for a look at the bigger energy picture. Our little piece of the energy puzzle, production of natural gas, NGLs, and even oil here in the Marcellus/Utica, is part of a much larger picture of energy supply and demand. The left has convinced most of the human population that we MUST “transition” to so-called renewables to power the world or all is lost. Because of that false narrative now embedded in the brains of most people, governments are doing crazy things like banning natural gas in new construction (ala California and New York). Private companies–drillers and midstream companies–are reticent to invest big money in more drilling and infrastructure if, in the next 10-15 years, that investment will cease to provide a return. Companies are behaving rationally, given the irrational insanity around them, by NOT investing–even if energy prices are super high right now. Who can blame them?
    Read More “The Coming Energy Supply Crisis Due to Underinvestment in O&G”

  • About MDN

    MDN Hits Milestone – Over 25,000 Posts!

    February 3, 2023February 3, 2023

    Earlier this week, the Marcellus Drilling News website hit a true milestone–25,000 posts/articles. We don’t often (never, actually) stop to toot our own horn. But we thought this milestone deserved a mention. And a reminder that all MDN paying subscribers have access to ALL of our massive archive of articles. There are two ways to locate an article on a topic of interest quickly…
    Read More “MDN Hits Milestone – Over 25,000 Posts!”

  • Best of the Rest

    Other Stories of Interest: Fri, Feb 3, 2023

    February 3, 2023February 3, 2023

    OTHER U.S. REGIONS: Why whale deaths are dividing environmentalists; NATIONAL: ‘Electrofuels’ could play a role in decarbonizing transportation; Severe winter weather proves no one is “deceived” about oil and natural gas; INTERNATIONAL: Energy services sector will grow to $1 trillion in 2025; LNG prices may have plunged, but a rebound is on the horizon.
    Read More “Other Stories of Interest: Fri, Feb 3, 2023”

  • CNG/LNG | Exporting | Industrywide Issues

    Tanker with Marcellus LNG from Cove Point Breaks Down in Suez Canal

    February 2, 2023February 2, 2023
    Grace Emilia (click for larger version)

    The Grace Emilia is an LNG tanker 975 feet long and 151 feet wide built and commissioned in 2021. According to VesselFinder, the Grace Emilia sails between the port of Dabhol in India and Cove Point in Maryland. India buys roughly half of the LNG produced at Cove Point (built by Dominion Energy, now operated by Berkshire Hathaway), while Japan buys the other half. As the Grace Emilia was transiting through the Suez Canal yesterday, it experienced a malfunction with its rudder. Some reports say the ship ran aground and tugs were used to float it again. Other reports (from the AP) don’t mention the ship running aground. We’re not exactly sure if it did or did not.
    Read More “Tanker with Marcellus LNG from Cove Point Breaks Down in Suez Canal”

  • Energy Services | Marathon Petroleum | MarkWest Energy

    MPLX (former MarkWest) Reports Gathering & Processing Less M-U Gas

    February 2, 2023February 2, 2023

    In late 2015, MPLX (i.e. Marathon Petroleum) bought out and merged in the Utica Shale’s premier midstream company, MarkWest Energy, for $15 billion (see MarkWest Energy Investors/Unitholders Approve Merger with Marathon). The “new” MarkWest, aka MPLX, plays on a much larger stage now, including ownership and operation of major assets in the Permian Basin and in the Bakken Shale, in addition to the Utica/Marcellus. On Tuesday, MPLX issued its fourth quarter and full-year 2022 update. The company reports gathering and processing slightly less natgas in the M-U in 2022. But it was a comment from MPLX’s CEO during a conference call that really hit us in the gut.
    Read More “MPLX (former MarkWest) Reports Gathering & Processing Less M-U Gas”

  • CNG/LNG | Exporting | Industrywide Issues | Regulation

    FERC Approves Freeport LNG Request to Reintro Feedgas to 1st Train

    February 2, 2023February 2, 2023

    On Tuesday, Freeport LNG, which has been out of operation since an explosion and fire in June 2022, asked the Federal Energy Regulatory Commission (FERC) for permission to begin introducing feedgas back into one of three liquefaction “trains” (units) at the facility (see Freeport LNG Seeks to Take Next Step, Reintro Feedgas to 1st Train). Yesterday FERC responded by granting permission.
    Read More “FERC Approves Freeport LNG Request to Reintro Feedgas to 1st Train”

  • Commodity Price | Industrywide Issues

    Another Big Dip in NYMEX Gas Price – Biggest Mo. Drop in 22 Yrs

    February 2, 2023February 2, 2023

    We keep commenting on the futures price of natural gas, the NYMEX Henry Hub price, because it keeps heading lower. Yesterday the NYMEX price closed down another 22 cents to $2.47/MMBtu, the lowest settlement price since April 6, 2021 (22 months). Here’s another somber statistic: The NYMEX price fell the most during a single month (in January), then it has fallen in 22 YEARS. The NYMEX price fell a whopping 40% in January.
    Read More “Another Big Dip in NYMEX Gas Price – Biggest Mo. Drop in 22 Yrs”

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

    Biden Admin Regroups, Attacks Gas Stoves Again via New DOE Regs

    February 2, 2023February 2, 2023

    In early January, MDN told you that the Bidenista who heads up the Consumer Product Safety Commission (CPSC) floated a trial balloon to ban the use of natural gas stoves across the entire country (see Bidenistas Make a Run at Banning Natural Gas Stoves Nationwide). The CPSC Bidenista used a sham study from the Rocky Mountain Institute that purportedly showed a link between gas stoves and childhood asthma as his excuse. Under withering attacks, the Rocky Mountain Institute has admitted, publicly, that their study does NOT prove a link between gas stoves and asthma actually exists (see Author of Sham “Study” on Gas Stoves Admits No Link to Asthma). There was an uproar over the CPSC statements, and the Bidenistas, including Biden spokesperson Raggedy Ann, walked back the comments. But what’s this? Since the CPSC botched the job, the Bidenistas at the Dept. of Energy (DOE) have decided to pick up the ball and run with it instead.
    Read More “Biden Admin Regroups, Attacks Gas Stoves Again via New DOE Regs”

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

    Bidenistas Sets Methane Emissions Targets with No Way to Measure

    February 2, 2023February 2, 2023

    A false and misleading story by the Associated Press spins all sorts of excuses for why the Bidenistas at the federal Environmental Protection Agency (EPA) will not be able to do its job in tracking and enforcing reductions in fugitive methane. Donald Trump is one of the reasons, even though he’s been out of office for more than two years. According to the lying “reporters” of the AP, Trump “gutted” the EPA, and the agency doesn’t have enough help (wah wah wah). There aren’t enough satellites, either. And not enough drone technology. Not enough of this and not enough of that–even with the gazillions of dollars allocated to the agency. The truth that shines through the article is this: The Democrats, including Traitor Joe Manchin, passed a new law last year (the Inflation Reduction Act) that sets standards to reduce fugitive methane–and they have no practical way to know if those standards are being met. Isn’t that typical of the left?
    Read More “Bidenistas Sets Methane Emissions Targets with No Way to Measure”

  • MUI

    MDN Upstream Index (MUI) – Feb 2, 2023

    February 2, 2023February 2, 2023

    The most recent day of active trading was Wed., Feb. 1, 2023. The numbers below reflect yesterday’s closing numbers.


    Read More “MDN Upstream Index (MUI) – Feb 2, 2023”

  • Best of the Rest

    Other Stories of Interest: Thu, Feb 2, 2023

    February 2, 2023February 2, 2023

    NATIONAL: Oil plunges as US stockpiles grow; US DOE provides funds for affordable clean hydrogen technologies; U.S. proved reserves of crude oil increased significantly in 2021; Democratic voters cheer on gas stove ban; Natural gas truck sales volatile, filling stations decrease; U.S. LNG exports fall 5% as shipments to Europe slip; INTERNATIONAL: LNG interest from Asia’s emerging gas markets rises as prices ease; German gas storage facility down until Friday, no indication of sabotage; Portfolio players take on critical roles in rapidly commoditizing global LNG market.
    Read More “Other Stories of Interest: Thu, Feb 2, 2023”

  • Industrywide Issues | Regulation | Statewide WV | Taxation | West Virginia

    WV Advances Bill to End Severance Tax Investment Fund

    February 1, 2023February 1, 2023

    In March 2014, the West Virginia legislature passed, and then-Gov. Earl Ray Tomblin (Democrat) signed, the Future Fund bill, which was designed to set aside 3% of revenue raised from WV’s oil and gas severance tax in a rainy day fund (see Back to the Future (Fund) – WV Gov. Tomblin Signs New Law). Do you know how much money that fund has collected from that day to this? NOTHING. Zero. Nada. So the 2023 session of the WV legislature is rapidly moving along a new bill to dismantle and kill the moribund Future Fund.
    Read More “WV Advances Bill to End Severance Tax Investment Fund”

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