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Marcellus Drilling News
  • Anti-Drilling/Fossil Fuel | Hydraulic Fracturing | Industrywide Issues | New York | Pennsylvania | Regulation | Statewide NY | Statewide PA

    Radicals Demand DRBC Vote to Institute Full, Permanent Frack Ban

    October 20, 2022October 20, 2022

    In September, the U.S. Court of Appeals for the Third Circuit ruled that the state senators who represent Pennsylvania landowners living in the Delaware River Basin, primarily in Wayne and Pike counties in the northeastern corner of Pennsylvania, don’t have “standing” to sue the Delaware River Basin Commission (DRBC) to overturn its ban on fracking (see 3rd Circuit Buys Anti Argument, Blocks PA from Suing DRBC). The DRBC has proposed a permanent ban but has never actually conducted a final vote to permanently ban fracking in the Basin (see Governors from PA-NY-DE Vote to Ban Fracking in Dela. River Basin). The left, sensing it may lose either the Pennsylvania or New York governorships (or both), is pushing DRBC members to take a final vote to permanently ban fracking in the basin–before it loses power.
    Read More “Radicals Demand DRBC Vote to Institute Full, Permanent Frack Ban”

  • CNX Resources | Energy Companies | Industrywide Issues | Jobs

    Recruiting, Retaining Talent Key Issue at Marcellus to Market Conf

    October 20, 2022October 20, 2022

    Yesterday the Pennsylvania Independent Oil & Gas Association (PIOGA) held its annual Marcellus to Market conference at Hollywood Casino at The Meadows in Washington, PA. The event explored efforts to promote manufacturing in Pennsylvania, natural gas as a transportation fuel, the future of the long-rumored Appalachian Storage Hub, and the latest regarding pipelines and other means of delivering natural gas to market. A key focus for the event and topic for a panel discussion in the morning was workforce recruiting, development, and retention. MDN friend Charlie Schliebs, Chairman of the Energy Innovation Center Institute and Managing Director of Stone Pier Capital Advisors, moderated this lively panel.
    Read More “Recruiting, Retaining Talent Key Issue at Marcellus to Market Conf”

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

    19 State AGs Subpoenas Six Big Banks Over ESG Collusion with UN

    October 20, 2022October 20, 2022

    In early August, a coalition of 19 state attorneys general fired a warning shot across the bow of BlackRock (largest investment firm with $10 trillion in assets under management), telling the company its pressure on investors to divest from fossil energy companies based on so-called ESG (environmental, social, governance) criteria may, in fact, be illegal (see 19 State AGs Turn Up the Heat on Anti-Fossil Fuel BlackRock). That same coalition of 19 AGs is now turning their attention to six Big Banks, sending what is, in essence, a subpoena to the banks demanding information about their involvement and collusion with the United Nations’ Net-Zero Banking Alliance (NZBA).
    Read More “19 State AGs Subpoenas Six Big Banks Over ESG Collusion with UN”

  • Industrywide Issues | Pipelines | Regulation

    Leaderless PHMSA “Sneaks” New Pipeline Welding Standards into Rule

    October 20, 2022October 20, 2022

    We pointed out last week that the Pipeline and Hazardous Materials Safety Administration (PHMSA), the agency charged with overseeing the safety of some 3.3 million miles of pipelines across the country, is currently leaderless (see Agency Taking Over Regulation of Gathering Pipes…is Leaderless). However, being leaderless (at the top) doesn’t mean the bureaucrats in the bowels of the organization are not still active and making trouble. Far from it. PHMSA is considering a new welding performance standard that would be a “significant upgrade” over the current standard, and that likely will require additional investment from industry.
    Read More “Leaderless PHMSA “Sneaks” New Pipeline Welding Standards into Rule”

  • Anti-Drilling/Fossil Fuel | BP | Chevron | ConocoPhillips | Energy Companies | Exxon Mobil | Industrywide Issues | Litigation | Shell

    New Jersey Sues Big Oil in Attempt to Shut Down Free Speech

    October 20, 2022October 20, 2022

    The First Amendment of the U.S. Constitution says: “Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.” New Jersey is attempting to abridge the freedom of speech for Exxon Mobil, Shell Oil, Chevron, BP, ConocoPhillips, and the American Petroleum Institute (API). NJ has sued those entities claiming they knew that the products they manufacture and promote (oil and gas) have caused global warming and that these entities have lied, and continue to lie, about knowing. NJ wants to muzzle the right of the API and Exxon, et al., to freely defend themselves and stick up for fossil energy, claiming to do so endangers the public and harms the residents of NJ. It’s the most outlandish thing you’ve ever heard.
    Read More “New Jersey Sues Big Oil in Attempt to Shut Down Free Speech”

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

    The Biggest Threat to Fossil Energy is SEC Climate Rule

    October 20, 2022October 20, 2022

    For some time, we’ve been sounding the alarm about a coming change at the Securities and Exchange Commission (SEC) that will force publicly traded companies to disclose mythical greenhouse gas emissions data (see SEC Votes to Force Public Companies to Disclose Mythical GHG Risks). The end result of the Biden SEC’s proposed new ESG (environmental, social, governance) regulations would be to “kneecap” oil and gas companies (see SEC Reg Requiring Disclosure of Climate Change Risk “Kneecaps” O&G). And that’s the purpose. The Bidenistas and the left are looking to close down fossil fuel companies by using regulatory agencies like the SEC.
    Read More “The Biggest Threat to Fossil Energy is SEC Climate Rule”

  • 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”

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