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Marcellus Drilling News
  • Anti-Drilling/Fossil Fuel | Electrical Generation | Industrywide Issues | Regulation

    Lunatics Set to Bash NatGas at FERC New England Forum Today

    September 8, 2022September 8, 2022

    Perhaps it’s not polite to say so out loud, but anyone who says New England needs to end its reliance on natural gas used to produce electricity, with winter about to begin and unreliable renewables not capable of making up the shortfall, is a lunatic. The Federal Energy Regulatory Commission (FERC) is holding a forum today in Burlington, Vermont, to discuss New England’s electric grid. ISO-New England, the region’s grid operator, will argue that natural gas supplies and grid reliability go hand-in-hand. A group of lunatics, including the Northeast Clean Energy Council, will argue that natgas should be cut off, forcing the region to adopt other sources of electricity. To which we say, why don’t they go first? The lunatics advocating to cut off natgas should unhook themselves from the electric grid in the dead of winter and see how that works out for them. Show us how it’s done.
    Read More “Lunatics Set to Bash NatGas at FERC New England Forum Today”

  • Best of the Rest

    Other Stories of Interest: Thu, Sep 8, 2022

    September 8, 2022September 8, 2022

    MARCELLUS/UTICA REGION: Higher natural gas prices due to lack of infrastructure, Williams CEO says; Tim Ryan backing Manchin plan for expediting energy permits; OTHER U.S. REGIONS: ECONNECT picked as partner for New Fortress Energy’s FLNG projects; Top shale executive says U.S. oil output gains to disappoint; NATIONAL: Baker Hughes simplifies organization to enhance profitability; As natural gas prices jump, shale oil firms get gassy; INTERNATIONAL: Oil plunges to six month low amid demand concerns; Global scramble for LNG tankers likely to boost gas prices further.
    Read More “Other Stories of Interest: Thu, Sep 8, 2022”

  • Energy Companies | EQT Corp | Industrywide Issues | M&A | Marshall County | Tug Hill Operating | West Virginia | Wetzel County

    Confirmed: EQT Buys Tug Hill’s THQ Appalachia for $5.2 Billion

    September 7, 2022September 7, 2022

    The rumors were right. Yesterday we brought you the news (rumors), as reported by both Reuters and Bloomberg, that EQT Corporation was about to seal a deal to buy Tug Hill’s THQ Appalachia operation with major assets in West Virginia (see EQT Close to Buying Tug Hill’s THQ Appalachia for $4+ Billion). Reuters reported the deal would be worth $4 billion. Bloomberg reported the deal would be worth $5.2 billion. Bloomberg (we are surprised to say) was right. EQT issued a press release yesterday afternoon announcing the deal and confirming the details.
    Read More “Confirmed: EQT Buys Tug Hill’s THQ Appalachia for $5.2 Billion”

  • Berkshire Hathaway | CNG/LNG | Energy Services | Exporting | Industrywide Issues | Maryland | Regulation

    Cove Point LNG Files with FERC to Add Another 20 MMcf/d Output

    September 7, 2022September 7, 2022

    Located in Lusby, Maryland, Cove Point LNG is the first major LNG export facility to locate on the East Coast. It is recognized as one of the most technically advanced and environmentally sensitive LNG facilities in the world. The Cove Point LNG Terminal has a storage capacity of 14.6 billion cubic feet (Bcf) and a daily send-out capacity of 1.8 Bcf. The owners/managers of Cove Point recently filed a preliminary request with the Federal Energy Regulatory Commission (FERC) to increase export capacity by an extra 20 million cubic feet per day (MMcf/d) by installing a small liquefaction unit to capture “boil off gas” the plant currently evaporates during normal operations.
    Read More “Cove Point LNG Files with FERC to Add Another 20 MMcf/d Output”

  • Industrywide Issues | Lease & Royalty Payments | M&A

    Sitio, Brigham $4.8B Merger Creates Largest Mineral & Royalty Co.

    September 7, 2022September 7, 2022

    In June, MDN told you about the merger of Falcon Minerals Corporation and Desert Peak Minerals (see Falcon & Desert Peak Minerals Combine to Form Sitio Royalties Corp.). The two companies merged in a $1.9 billion all-stock deal. The combined company was renamed Sitio Royalties Corp. and owns over 139,000 net royalty acres, including 12,000+ net royalty acres in the Marcellus Shale across Pennsylvania, Ohio, and West Virginia. Barely three months later and Sitio is merging again, this time with Brigham Minerals, Inc., to create a $4.8 billion oil and gas mineral and royalty rights behemoth–the largest publicly traded mineral rights/royalties company in the U.S.
    Read More “Sitio, Brigham $4.8B Merger Creates Largest Mineral & Royalty Co.”

  • Energy Services | Equitrans/EQT Midstream | Industrywide Issues | Pipelines | Regulation | Statewide WV | West Virginia

    Clock Ticking to Pass Manchin’s Deal with Devil to Complete MVP

    September 7, 2022September 7, 2022

    U.S. Senator Joe Manchin, from West Virginia, traded away the future of the country by supporting the misnamed Inflation Reduction Act (the remnants of the Green New Deal) in return for finishing the 303-mile Mountain Valley Pipeline along with a few other concessions for the oil and gas industry (see Joe Manchin Cuts MVP “Deal” in Return for Selling Out Country). Senate Majority Leader Chuck Schumer and House Speaker Nancy Pelosi promised a vote on a “permitting reform” bill for Manchin in return for his IRA sellout. The permitting reform measure is supposed to get voted on by the end of September. Will it?
    Read More “Clock Ticking to Pass Manchin’s Deal with Devil to Complete MVP”

  • CNG/LNG | Exporting | Industrywide Issues

    U.S. LNG Exports to Hit 20 Bcf/d by 2026 as More Plants Begin Const

    September 7, 2022September 7, 2022

    Three LNG export projects in the U.S. are now under (or are about to begin) construction, including Golden Pass LNG, Plaquemines LNG, and Corpus Christi Stage III. According to a chart provided by the U.S. Energy Information Administration (EIA), when those three new facilities come online by early 2026, the U.S. will be exporting some 20 Bcf/d (billion cubic feet per day) of American gas molecules. Cool!
    Read More “U.S. LNG Exports to Hit 20 Bcf/d by 2026 as More Plants Begin Const”

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

    Midwest Elec Grid Roasted for Supporting New Gas-Fired Power Plant

    September 7, 2022September 7, 2022
    click for larger version

    The U.S. electric system is complex. We take electricity for granted when we flip on a switch. Ensuring the lights come on when you flip the switch is the job of the electric grid. Each state either has its own electric grid manager or belongs to a regional grid with other states. The various organizations that manage the grid are either called ISOs (Independent System Operators) or RTOs (Regional Transmission Organizations). The map at the left shows the various ISO/RTO regions across the U.S. In the Midcontinent, the Midcontinent Independent System Operator (MISO) manages the grid. All of these grids are supposed to be source agnostic with respect to how they get the electricity that flows along the lines they oversee. Whether the electricity comes from coal, natural gas, solar, wind, hydro, or cow farts–it’s not supposed to matter. Except it DOES matter–a great deal.
    Read More “Midwest Elec Grid Roasted for Supporting New Gas-Fired Power Plant”

  • ESG | Industrywide Issues

    Methane Laser Imaging Company Gets $55M Investment

    September 7, 2022September 7, 2022

    Bridger Photonics, Inc. is headquartered in Montana. Bridger developed a methane detection technology that is used by at least two companies with major operations in the Marcellus/Utica. Bridger recently announced it had received a $55 million investment from Beaverhead Partners LLC, a Montana-based syndicate. The money will help the company to expand its reach.
    Read More “Methane Laser Imaging Company Gets $55M Investment”

  • Best of the Rest

    Other Stories of Interest: Wed, Sep 7, 2022

    September 7, 2022September 7, 2022

    MARCELLUS/UTICA REGION: Ohio Dem Ryan touts benefits of natural gas during Bellaire visit; OTHER U.S. REGIONS: Likelihood of rotating outages in California significantly increased; NATIONAL: USA oilfield services employment rises in August; Ex-ExxonMobil rep gets API upstream VP role; Biden climate adviser Gina McCarthy leaving White House; INTERNATIONAL: OEUK hopes new PM will lead nation towards energy security; Gazprom starts producing LNG at plant near Nord Stream pipeline.
    Read More “Other Stories of Interest: Wed, Sep 7, 2022”

  • Energy Companies | Energy Services | EQT Corp | Industrywide Issues | M&A | Marshall County | Tug Hill Operating | West Virginia | Wetzel County | XcL Midstream

    EQT Close to Buying Tug Hill’s THQ Appalachia for $4+ Billion

    September 6, 2022September 6, 2022

    In June, MDN brought you the news that Tug Hill was shopping its THQ Appalachia division (Tug Hill’s West Virginia assets) for $5 billion (see Tug Hill’s THQ Appalachia Shops Itself for $5 Billion). Yesterday both Reuters and Bloomberg reported a deal is close and may even be announced today (Tuesday). However, the price of the deal reported by the two news services differs by quite a bit. Reuters reports a deal price for the THQ Appalachia assets of roughly $4 billion, while Bloomberg pegs it at $5.2 billion.
    Read More “EQT Close to Buying Tug Hill’s THQ Appalachia for $4+ Billion”

  • Clinton County | Electrical Generation | Industrywide Issues | Litigation | Pennsylvania | Regulation

    Renovo Energy Center Signals It Will Comply with Lower Air Permit

    September 6, 2022September 6, 2022

    Last week MDN told you that three radical environmental groups challenging an air permit issued by the Pennsylvania Dept. of Environmental Protection (DEP) for the Renovo Energy Center, a Marcellus-fired power plant in Clinton County, PA, won a partial summary judgment lowering the amount of sulfur dioxide (SO2) and volatile organic compounds (VOCs) the new plant can emit (see Radicals Win Challenge Against Renovo Energy Center in NCPA). At the time, we asked the question, “Is this a fatal blow for the $1 billion project and the 700 jobs attached to it?” We now have the answer…
    Read More “Renovo Energy Center Signals It Will Comply with Lower Air Permit”

  • Industrywide Issues | Landfills | Pennsylvania | Westmoreland County

    SWPA Landfill Plans to Burn Leachate w/Frack Waste – Antis Oppose

    September 6, 2022September 6, 2022

    The Pennsylvania Dept. of Environmental Protection (DEP) recently held two public hearings about a plan by the Westmoreland Sanitary Landfill in Westmoreland County, PA (southwestern corner of the state, near Pittsburgh) to build a gas-fired leachate evaporator. Leftist anti-drillers showed up to bash the proposal citing the landfill accepts shale waste, claiming the leachate is radioactive because of the shale waste and will contaminate everything if it’s burned. DEP plans to approve the temporary operation of an evaporator for 180 days to process 45,000 gallons of leachate per day.
    Read More “SWPA Landfill Plans to Burn Leachate w/Frack Waste – Antis Oppose”

  • CNG/LNG | Electrical Generation | Industrywide Issues | Pipelines | Regulation

    Obscure EPA Reg Change Creates Big Problems for LNG, Pipelines

    September 6, 2022September 6, 2022

    The left finds the most devious ways to sink their claws into the fabric of American society and force it to conform to their twisted worldview–like using an obscure regulation promulgated by the U.S. Environmental Protection Agency (EPA). In February 2022, the EPA announced a “minor” change to a regulation governing gas-fired turbines under the National Emission Standards for Hazardous Air Pollutants (NESHAP), a framework in place since 2004. At first glance, the EPA’s announcement seems to be a minor update to a highly technical rule. However, a careful examination of the list of impacted units reveals that the change in enforcement framework could have significant impacts on both supply and demand dynamics in natural gas markets in the U.S. and beyond, affecting LNG exports, gas-fired power plants, and gas transmission and processing infrastructure (pipelines) in particular.
    Read More “Obscure EPA Reg Change Creates Big Problems for LNG, Pipelines”

  • Meetings

    Shale Insight Conference Coming to Erie, PA Sept. 27-29

    September 6, 2022September 6, 2022

    It’s already that time of year again! SHALE INSIGHT, one of the top conferences and expos in the Marcellus/Utica, will be held September 27-29 at the Bayfront Convention Center in Erie, PA. EQT, CNX Resources, and Chesapeake Energy CEOs, along with top natural gas sector executives, will share their vision and remarks. Hosted by the Marcellus Shale Coalition, the conference will also feature perspectives from the European Commission’s Director General for Energy, the Pennsylvania candidates for U.S. Senate and Governor, as well as many technical breakout sessions focused on hydrogen, carbon capture and storage, methane mitigation, energy infrastructure, and industry innovations.
    Read More “Shale Insight Conference Coming to Erie, PA Sept. 27-29”

  • Alternative Energy | Centre County | Hydrogen | Industrywide Issues | Pennsylvania

    NatGas is Greener than Wind & Solar When Counting CO2 Footprint

    September 6, 2022September 6, 2022

    Every now and again, we come across someone who is willing to risk their career by openly admitting the truth. This time that brave soul is Russell Johns, the George E. Trimble Chair in Energy and Mineral Sciences at the John and Willie Leone Family Department of Energy and Mineral Engineering at Penn State University. In a letter to the editor published in the student-run Penn State Daily Collegian, Johns points out that when considering the intense mining operations needed to harvest materials used in solar and wind technology, and the shipping associated with those materials, etc., solar and wind actually have a *bigger* carbon dioxide footprint than does using natural gas. In other words, natural gas is greener than wind and solar!
    Read More “NatGas is Greener than Wind & Solar When Counting CO2 Footprint”

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