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Marcellus Drilling News
  • Brooke County | Carroll County | Clay County | Coterra Energy (Cabot O&G) | Diversified Energy | Elk County | Energy Companies | INR/Infinity Natural Resources | Monroe County | Mountain V O&G | Ohio | Pennsylvania | Seneca Resources | Southwestern Energy | Susquehanna County | Weekly Permits | West Virginia

    14 New Shale Well Permits Issued for PA-OH-WV Jan 16-22

    January 27, 2023January 27, 2023

    New shale permits issued for Jan. 16-22 in the Marcellus/Utica included only 7 new permits in Pennsylvania, 5 new permits in Ohio, and 2 new permits in West Virginia–for a grand total of 14. The top recipient of permits for last week, scoring nearly half, was Coterra Energy (the former Cabot Oil & Gas), with 6 permits issued in northeastern PA’s Susquehanna County.
    Read More “14 New Shale Well Permits Issued for PA-OH-WV Jan 16-22”

  • MUI

    MDN Upstream Index (MUI) – Jan 27, 2023

    January 27, 2023January 27, 2023

    The most recent day of active trading was Thu., Jan. 26, 2023. The numbers below reflect yesterday’s closing numbers.


    Read More “MDN Upstream Index (MUI) – Jan 27, 2023”

  • Electrical Generation | Industrywide Issues | Regulation | Statewide WV | West Virginia

    WV Senate Bill to Promote Gas-Fired Power Rankles Coal Lobby

    January 26, 2023January 26, 2023

    Is the coal industry and natural gas industry in West Virginia friends? Or enemies? Or perhaps “frenemies”? We suppose it depends on the issue. In our book, the coal industry has largely been an enemy of the natural gas industry in WV because natgas-fired power plants threaten to displace coal-fired plants (see Brooke County Blames Coal Lobby for WV Gas Plant Delay). Coal baron Bob Murray, now dead, was behind much of the opposition to gas-fired power plants in the Mountain State (see Murray Energy Continues to Block Gas-Fired Plants in WV). The issue of coal vs. natgas came up again yesterday as the WV Senate Economic Development Committee debated Senate Bill (SB) 188, the Grid Stabilization and Security Act.
    Read More “WV Senate Bill to Promote Gas-Fired Power Rankles Coal Lobby”

  • Energy Companies | Industrywide Issues | Olympus/Huntley & Huntley | Pennsylvania | Regulation | Westmoreland County

    Murrysville Council Approves Olympus Drilling on Plum Border

    January 26, 2023January 27, 2023

    Last week the Municipality of Murrysville, PA (in Westmoreland County, near Pittsburgh) voted to allow Olympus Energy to build a well pad on a property straddling the border with Plum Township. The well pad will eventually host eight shale wells. Olympus wants to begin drilling the wells either late this year or early next year. This is good news indeed!
    Read More “Murrysville Council Approves Olympus Drilling on Plum Border”

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

    Antis Oppose Simple & Safe Gas Regulator Station in Holmdel, NJ

    January 26, 2023January 26, 2023

    In late December, the New Jersey Board of Public Utilities (BPU) voted to grant permission to New Jersey Natural Gas (NJNG) to build a pipeline regulator station in Holmdel, NJ. What does a regulator station do? It reduces pressure on the underground natural gas pipelines that already exist in the area, running underneath the ground in Holmdel Township and throughout Monmouth County. Ultimately, a regulator station will ensure the reliability of the pipelines and gas that flows in the area. The new station will replace a currently-operating temporary regulator station. Yet the “leaders” of Holmdel have voted to appeal the BPU decision to court, allocating up to $20,000 (of taxpayer money) for legal fees in what is sure to be a fruitless attempt at overturning the BPU decision.
    Read More “Antis Oppose Simple & Safe Gas Regulator Station in Holmdel, NJ”

  • CNG/LNG | Exporting | Industrywide Issues

    Port Arthur LNG Now has All Customers Needed to Build Phase 1

    January 26, 2023January 26, 2023

    Sempra Infrastructure, a subsidiary of Sempra, announced yesterday it had signed its final customer to buy LNG from the Port Arthur (Texas) LNG facility. All of the LNG that can be produced from Phase 1 of the Port Arthur facility is now spoken for, meaning Sempra anticipates moving forward with a final investment decision (FID) to build the plant and begin actual construction sometime by the end of March this year. Although located along the Texas Gulf Coast, this is good news for the Marcellus/Utica.
    Read More “Port Arthur LNG Now has All Customers Needed to Build Phase 1”

  • Industrywide Issues | Regulation | Taxation

    Congressman Intros Natural Gas Repeal Act to Axe IRA Methane Tax

    January 26, 2023January 26, 2023

    After the shocking news that U.S. Senator Joe Manchin had sold out his state and the entire country by agreeing to support the misnamed Inflation Reduction Act (IRA) bill last summer, the details began to come out about just how bad this bill really is for the oil and gas industry. First and foremost, it slaps a new tax on natural gas production (see Joe Manchin’s Green New Deal Cave Slaps O&G with Big Methane Tax). We brought you a deep dive into how this onerous new tax will work (see A Closer Look at New Manchin Methane Tax – Part of IRA). Yesterday, Congressman August Pfluger (Republican from Texas), introduced H.R. 484, the “Natural Gas Repeal Act” which will eliminate the Natural Gas Tax imposed by President Joe Biden in the IRA. Love it!
    Read More “Congressman Intros Natural Gas Repeal Act to Axe IRA Methane Tax”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues

    Are You Really Against Fossil Fuels? Read This Before You Answer

    January 26, 2023January 26, 2023

    Today it’s fashionable to go along with the crowd and bash fossil fuels and fossil energy. If you’re a politician and you actually stick up for fossil energy, you don’t get invited to parties with all the cool kids. The thing is, those who bash fossil energy depend on fossil energy for about 90% of the things they use every single day. Do they know? Do they care? If we were to eliminate all fossil energy in the next 5-10 years (a metaphysical impossibility), it would instantly transport these dopes back into the Stone Age.
    Read More “Are You Really Against Fossil Fuels? Read This Before You Answer”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues

    Former Member Calls Extinction Rebellion & Just Stop Oil a “Cult”

    January 26, 2023January 26, 2023

    From time to time, we’ve brought you news about some of the more radical (and violent) people who irrationally hate fossil fuels–members of groups like Extinction Rebellion and its spinoff, Just Stop Oil. Some of their members are the kids who recently tried to deface a Vincent van Gogh painting in London (see Brainwashed “Just Stop Oil” Kids Try to Deface Van Gogh Painting). We’ve often compared these groups and their members to religious zealots. Here’s another word for these groups and the people who participate in them: cult. But it’s not us saying it. A former high ranking spokesperson for Extinction Rebellion is speaking out about her former organization, calling it a cult.
    Read More “Former Member Calls Extinction Rebellion & Just Stop Oil a “Cult””

  • MUI

    MDN Upstream Index (MUI) – Jan 26, 2023

    January 26, 2023January 26, 2023

    The most recent day of active trading was Wed., Jan. 25, 2023. The numbers below reflect yesterday’s closing numbers.


    Read More “MDN Upstream Index (MUI) – Jan 26, 2023”

  • Best of the Rest

    Other Stories of Interest: Thu, Jan 26, 2023

    January 26, 2023January 26, 2023

    MARCELLUS/UTICA REGION: EPA to deny permission for continued operation of SWPA coal ash disposal; NATIONAL: U.S. crude oil production will increase to new records in 2023 and 2024; Democrats, eco groups take aim at other home appliances amid gas stove debate; Fossil fuel profits roar back; Do Chinese donations explain Biden’s energy policies?; INTERNATIONAL: Fundamentals strong enough for $90+ oil period.
    Read More “Other Stories of Interest: Thu, Jan 26, 2023”

  • CNX Resources | Electrical Generation | Energy Companies | Industrywide Issues | Marshall County | Pipelines | West Virginia

    CNX Using Compressor Engine Exhaust Heat to Produce Electricity

    January 25, 2023January 25, 2023

    CNX Resources and ICE Thermal Harvesting have partnered on a pilot project to generate 100% emission-free, locally-sourced power for use in CNX’s operations, the two companies announced yesterday. They will do so by capturing waste heat generated from compressor stations used in the natural gas industry and converting it into electricity which CNX will then use to power the compressor station. First up is an experiment at CNX’s Dry Ridge compressor station in Marshall County, West Virginia.
    Read More “CNX Using Compressor Engine Exhaust Heat to Produce Electricity”

  • Electrical Generation | Industrywide Issues | Monroe County | Ohio

    Utica Gas Power Plant on Ohio River Returns to Service After Outage

    January 25, 2023January 25, 2023

    The Long Ridge Energy Terminal, host to a Utica shale gas-fired power plant that went online in November 2021, scheduled brief downtime for routine maintenance during the fourth quarter of 2022. But when the techs started to analyze the equipment, they discovered a problem, turning a couple of weeks of downtime into more than a month.
    Read More “Utica Gas Power Plant on Ohio River Returns to Service After Outage”

  • Energy Services | Equitrans/EQT Midstream | Industrywide Issues | Litigation | Pipelines | Regulation | Statewide VA | Virginia

    Enviro Radicals Ask 4th Circus Clowns to Toss MVP Va. Water Permit

    January 25, 2023January 25, 2023

    The clown judges who occupy the U.S. Court of Appeals for the Fourth Circuit (4th Circus) appear ready to reject a water permit granted by the Virginia State Water Control Board to help finish up the 94% complete Mountain Valley Pipeline (MVP). Three judges from the 4th Circus were appointed back in 2017 to hear appeals by Big Green groups against the project. All three judges are profoundly bigoted and prejudiced against natural gas pipeline projects. Yesterday, the three clowns heard oral arguments from the foreign-backed Sierra Club (and its cronies) arguing the Control Board’s approval of a permit to cross streams and wetlands violates the federal Clean Water Act.
    Read More “Enviro Radicals Ask 4th Circus Clowns to Toss MVP Va. Water Permit”

  • Anti-Drilling/Fossil Fuel | Electrical Generation | Industrywide Issues | Pennsylvania | Philadephia

    Not-Nice Antis Oppose Permit Reissue for Nicetown Power Plant

    January 25, 2023January 25, 2023

    A Marcellus gas-fired power plant in Nicetown (a neighborhood in North Philadelphia) received a permit to build in 2017 (see Antis “Shocked” Philly Approved Marcellus Power Plant for SEPTA). SEPTA’s (Southeastern Pennsylvania Transportation Authority) Marcellus gas-powered electric plant, which finally went online in 2020, provides electricity to the organization’s northern Regional Rail lines and a bus garage. When it appeared the plant would get approved, antis got desperate and made shrill arguments that the plant is racist (see Nicetown Claims “Environmental Racism” re Gas-Fired Plant). The permit that allows the plant to continue operating is now up for review. Here come the not-nice antis to blather on once again about racist electric plants…
    Read More “Not-Nice Antis Oppose Permit Reissue for Nicetown Power Plant”

  • Commodity Price | Industrywide Issues

    Expert Says Price of NatGas Will Soar Again When Freeport Restarts

    January 25, 2023January 25, 2023
    click for larger version

    What the heck? This morning the price for the “front month” NYMEX Henry Hub futures contract (for February) almost sank to $3/MMBtu (see our graphic on the left). According to NGI, the NYMEX March contract for HH actually got down to $2.97/MMBtu. Ouch. The weather is fingered as the culprit. We’ve often said the weather is THE primary factor driving the price of natgas. However, an investor/trader (and expert) who reads MDN and is an MDN friend has a different take that he recently shared with us. His prediction is that the price of natgas will make a dramatic turnaround (increase) this year.
    Read More “Expert Says Price of NatGas Will Soar Again When Freeport Restarts”

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