Calif. Co. Sells 5 More Microturbine Systems for Marcellus Sites
MDN has highlighted Capstone Turbine Corporation, a California company that manufactures small electric-generating plants that run on natural gas, several times in the past (see our Capstone stories here). Capstone, at some point, renamed itself. The company is now called Capstone Green Energy Corporation. Capstone announced it has secured a third order (from the same customer) for five more of its C65 microturbine systems to be deployed at “various oil and gas wellhead sites in the Marcellus Shale region.”
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Yesterday evening, U.S. Senator Joe Manchin (from West Virginia) finally released a draft bill that purportedly streamlines the permitting process for oil and gas pipelines, among other things. The bill, called the Energy Independence and Security Act of 2022, also clears away the remaining roadblocks to complete the 303-mile Mountain Valley Pipeline that travels through WV and into Virginia. MVP is 94% done and in the ground, yet anti-fossil fuel wackos keep blocking its completion with frivolous lawsuits and colluding federal judges. Manchin wants to blast through it and get it done, to his credit.
Each quarter NGI (
MARCELLUS/UTICA REGION: DCNR announces all electricity used by agency from renewables by 2030; Global clean energy conference kicks off in Pittsburgh; NATIONAL: Oil falls as interest rate hike boosts recession fears; $80 is the new $60 for oil; Geopolitical risk, inflation create uncertainty for US LNG developers; INTERNATIONAL: Britain lifts ban on gas fracking in push for energy independence; High natgas prices push European manufacturers to shift to U.S.
Anti-fossil fuelers at Penn State are trying their hardest to spin the results of a recent study by university researchers to say it shows a link between “elevated levels of chloride in groundwater” and fracking in Pennsylvania. As we read a summary of the study appearing on Penn State News, it was obvious the study proves just the opposite–that THERE IS NO LINK between the two!
Earlier this month EQT Corporation announced it is buying Tug Hill Operating’s West Virginia shale assets for $5.2 billion (see 
It appears that Sen. Joe Manchin’s “save MVP bill” (otherwise known as the permitting reform bill) is crashing and burning. No official language or text of the bill has been released. Yet. Why is that? Manchin extracted a promise from Senate Majority Leader Chuck Schumer and House Speaker Nancy Pelosi that a bill to finish up Mountain Valley Pipeline (MVP) and streamline permitting for future pipeline projects would be brought to a vote and passed–IF old Joe voted in favor of the horrible Inflation Reduction Act (IRA), a bill (now law) that damages the fossil fuel industry. Joe got rolled. He voted to pass the IRA, and now more than one-third of House Democrats and at least one Senate Democrat (crazy Bernie Sanders) have pledged to vote against Manchin’s bill, leaving him high and dry with nothing to show for his sellout on IRA. So Manchin turned to Republicans to save his tattered reputation–and they aren’t having it. Republicans refuse to reward Manchin’s sellout. Manchin calls it “revenge politics.” We call it eating the excrement sandwich you prepared for yourself, Joe.
Never believe that the government can do anything quickly–except destroy an economy. Nearly a year ago, President Biden signed into law the so-called Infrastructure bill, some $1.2 trillion in pork barrel spending, passed with the help of turncoat Republicans (see 
U.S. natural gas prices closed at a fresh six-week low of $7.75/MMBtu yesterday. The Wall Street Journal says the natural gas market has lost its bullish momentum due to a lack of hurricanes off the Texas coast. U.S. production has reached triple digits for the first time ever, topping 100 Bcf/d, as we reported yesterday (see 
In early August, MDN reported that Marcellus driller Coterra Energy had made $1.2 billion in profit during the second quarter of 2022 (see