Anti-Drilling/Fossil Fuel | Energy Companies | Exporting | Exxon Mobil | Industrywide Issues | Regulation
Exxon Says Granholm is Crazy for Demanding Less Oil/Diesel Exports
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.
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MARCELLUS/UTICA REGION: Schumer and Pelosi could have helped; NATIONAL: U.S. oil execs fear recession, nagging supply shortages; INTERNATIONAL: Oil posts first quarterly loss in two years as recession fears grow; Well done everyone, we’ve let China become the real energy superpower.
Chesapeake Energy is interested in new LNG export projects–but not just LNG exported along the Gulf Coast near its new Haynesville assets. Chessy is jazzed about the possibilities of exporting LNG along the East Coast. The company has its eye on a project announced for the Philadelphia area, on the Delaware River (see 
An oil and gas mineral lease is a critical part of the process for extracting and selling hydrocarbon molecules. MDN editor Jim Willis will present at next week’s 
It was an interesting day yesterday for the final day of the Marcellus Shale Coalition’s Shale Insight event, being held in Erie, PA. Shell outlined its vision for a regional hydrogen hub with Shell itself at the center of the action (guess we can’t blame them for trying, although we wish they were working with a broader coalition). More interesting, for us, were the addresses of four key politicians. Republicans Dr. Mehmet Oz, running for U.S. Senate in PA, and Doug Mastriano, running for governor in PA, addressed the event in person. Their counterparts, Democrats John Fetterman (running for Senate) and Josh Shapiro (running for governor), aired recorded messages and didn’t bother to show up in person–a MAJOR insult to the shale industry.
Some 225 hypocritical nutters were whipped into a frenzy by Big Green and its so-called Beyond Plastics campaign during a Zoom call Tuesday night to “prepare” for the startup of Shell’s mighty ethane cracker plant in Monaca, PA. It was really quite hilarious. There was talk of nurdle patrols, “sacrifice zones,” and celebrations over defeating Joe Manchin’s permitting reform bill. Why hypocritical? Because every single person on the call was using a computer or phone made out of (wait for it)….plastics. The clothes on their bodies and shoes on their feet are made largely from plastics. The cars and boats and paraphernalia they use to hunt down evidence of environmental plastics pollution from the cracker plant–all made from plastics. We wonder, Do they know how stupid they look?
There is a growing chorus of executives in the C-suite of large (and small) companies standing up to say so-called ESG (environment, social, governance) investing and proposed regulations is a bunch of hokum. A large majority (75%) of CFOs recently surveyed by left-leaning CNBC do NOT support the Securities and Exchange Commission’s proposed ESG regulations (see 
Last week the three states with active Marcellus/Utica drilling, Pennsylvania, Ohio, and West Virginia, issued a collective 30 new drilling permits, up from the 21 permits issued the week before. It was a reversal of what we typically see. Last week PA only issued four new permits, while WV issued 17 permits and OH issued nine permits. Usually, PA issues the most permits.
In something of a shocker, EQT Corporation, the largest natural gas producer in the country with its headquarters (and most major drilling operations) in Pennsylvania, is throwing its weight and support behind a coalition in West Virginia to attract one of the so-called regional hydrogen hubs (worth $1 billion or more in taxpayer investment) to the Mountain State, not to the Keystone State. EQT is one of the main players in forming a new coalition called the Appalachian Regional Clean Hydrogen Hub (ARCH2). Other big energy companies supporting ARCH2 include Williams, Dominion Energy, CNX Resources, and New Fortress Energy (among many more).
Here’s a challenge to a Federal Energy Regulatory Commission (FERC) pipeline certificate we don’t fully comprehend. In 2018 the Panda Hummel Marcellus-fired power plant in Snyder County, PA roared to life (see 
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, 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 oil and gas activities (see