MDN New Advertiser of Interest to Landowners/Mineral Rights Owners
In April, MDN told you about an exciting new FREE service for landowners and rights owners called MineraliQ (see Enverus Launches Free Online Tool to Track Mineral Rights, Royalties). MineraliQ is an online service that provides everything you need to know about your minerals in one place, including payments, well locations, and important activities near your minerals that you should know about. The new service will even help you estimate how much your mineral rights are worth now and in the future.
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NATIONAL: USA ramps up rig count; U.S. needs more natgas to decarbonize rest of the world; INTERNATIONAL: European gas situation moves from bad to ugly.
Boom! The hammer has dropped on five of six companies identified by West Virginia as engaging in “boycotts of fossil fuel companies.” In June, WV State Treasurer Riley Moore sent a letter to six big banks/investment firms alerting them they are about to be added to the state’s “blacklist” for violating policies by not investing or doing business with fossil fuel companies (see 
Two weeks ago, Pennsylvania House Bill (HB) 2644 was passed into law, becoming Act 96 of 2022. The new law requires the state Dept. of Environmental Protection (DEP) to use a portion of new federal funding to create a grant program to support experienced well-plugging companies that work to maximize the volume of orphan wells being plugged in the Commonwealth. It also keeps the right to raise bonding amounts for conventional wells with the legislature rather than allowing PA’s unelected Democrat bureaucrats in the bowels of the DEP’s Environmental Quality Board (EQB) from doing it–which has the left screaming bloody murder.
Once upon a time, there was a “we’re all in this together” spirit with respect to cleaning up the environment and protecting Mom Earth. But then something happened, and common sense and civility went right out the door. The left elevated the climate to become its new religion and now brooks no dissent from its extreme positions. If you do not agree with the left, if you want to debate and call attention to and poke holes in arguments they make about the climate, you are labeled an apostate, a climate heretic, and banished (or worse). You likely don’t know about efforts by oil and gas companies, particularly in the Marcellus/Utica, to clean up the environment and make planet earth a better place to live. You don’t know about those efforts because the left silences Big Media and won’t allow it to report “the rest of the story,” as Paul Harvey used to say.
EQT Corporation, the biggest natural gas producer in the United States (and a pureplay Marcellus/Utica driller), issued its second quarter 2022 update yesterday. The company raked in $550 million in free cash flow during 2Q and produced 5.5 Bcf/d (billion cubic feet per day) of natural gas. But don’t look for EQT to increase production any time soon–not until (says top management) it can get more of its molecules to markets outside of the M-U. The company’s answer to moving more molecules is to try and expand LNG exports from the East Coast.
Antero Resources, one of the largest drillers in the Marcellus/Utica (with major assets in West Virginia), the fifth largest natgas producer in the country and the second largest LNG exporter, issued its second quarter 2022 update yesterday. During 2Q, Antero placed a new compressor station online in West Virginia, boosting Marcellus gas flows by 160 MMcf/d (million cubic feet per day). The new Castle Peak compressor station will be expanded to 240 MMcf/d in 2023. Antero generated $664 million in free cash flow and $765 million in net income during 2Q. Big company. Important company.
Diversified Energy (sadly) continues to expand outside the Marcellus/Utica region. Yesterday the company announced it is paying $240 million to buy some of ConocoPhillips’ upstream assets in Oklahoma and Texas. The assets include roughly 1,500 wells spanning 250,000 acres. Diversified, which now owns approximately 8 million acres of leases with close to 70,000 (mostly) conventional oil and gas wells used to be solely focused on the Appalachian region–until last year.
Yesterday MDN brought you the sad and tragic news that West Virginia U.S. Senator Joe Manchin has sold out. He put his party and whatever secret offer they made him above the good of the country and agreed to a Green New Deal bill Chuck “the schmuck” Schumer and Nancy Pelosi are pushing (see 
In early 2013 the Pittsburgh International Airport and Allegheny County, PA, signed a deal with CONSOL Energy (now CNX Resources) to lease 9,000 acres surrounding the airport for natural gas drilling (see 
For the week of July 18-24, the three Marcellus/Utica states issued just 16 permits to drill new shale wells, down from 43 the prior week. Pennsylvania and West Virginia both issued eight new permits each. Ohio issued a big, fat, goose egg. PA issued three permits each to Greylock Energy (Green County) and Pennsylvania General Energy (Tioga County), and one each to EQT and Seneca Resources. WV issued four permits each to Jay-Bee Oil & Gas (Tyler County) and Tug Hill Operating (Wetzel County).