Coterra Develops New Method for Predicting NatGas & Oil Reserves
Coterra Energy (formerly Cabot Oil & Gas) remains one of our favorite Marcellus/Utica drillers. We personally know some of the great people who work there. We’ll never forget having a private tour of a drill site in Susquehanna County, PA by Coterra’s chief Marcellus driller, Buddy Wylie. During the tour, Buddy waxed eloquent on mud logging, showing us rock chips under a microscope. Seeing a drilling operation up close, understanding how wells are planned a year or more in advance, coordinating all of the logistics (when the sand needs to arrive, pipe inventory, trucks to move equipment, backhoes to get the pad ready, etc.) it dawned on us, this stuff really is rocket science! The smart folks at Coterra have done it again–more rocket science. This time they’ve developed a new method for predicting natural gas and oil reservoirs.
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If an upstream (drilling) company with a long-term pipeline contract files for bankruptcy, does that give the company the right to break its pipeline contract? A major shipper on the Rockies Express (REX) pipeline, Ultra Resources, filed for bankruptcy with the express plan to skip out on its obligations to REX (see 
In October 2020 Nick DeIuliis, President and CEO of CNX Resources Corporation, announced the forthcoming publication of a new book he authored (see 
OTHER U.S. REGIONS: Berkshire Gas sees natural gas as part of its plan to meet state climate goals; NATIONAL: Which way will USA oil go?; Why U.S. E&Ps have been slow to ramp up crude oil production; Chesapeake Energy eyes greater role in LNG market; Atlantic piece mocked for warning of nuclear war’s effects on climate change; INTERNATIONAL: USA in talks with EU to help LNG, hydrogen supply; With the Ukraine war, the green chickens have come home to roost.
Pennsylvania, Ohio, and West Virginia are all scrambling to form working groups or other alliances in an attempt to be THE state chosen for one of four regional hydrogen hubs funded by the recently passed so-called Biden infrastructure bill (see 
Environmental radical Freeda Cathcart, who was once arrested for resisting and interfering with a U.S. Forest Service agent at the site of tree cutting for Mountain Valley Pipeline in Giles County, VA (see 
In early March MDN brought you information from the Toronto Financial Post that said the Ukrainian crisis has put East Coast Canada LNG export facilities “back on the map” (see 
Each quarter NGI (
It seems that every post we write about banks with respect to fossil fuels is about banks that have decided to stop lending and participating in loans made to fossil fuel companies. It’s time to start talking about the good guys–the banks that continue to make fossil energy loans. Sitting at the top of the list, according to the lefties at Bloomberg, is Wells Fargo Bank. In 2021 Wells Fargo put together (as “bookrunner”) some $28 billion of fossil energy deals. The bank is going great guns in 2022 too. It’s time to give Wells Fargo a great big “attaboy” for continuing to fund fossil fuel projects.
We’re back to covering just a single week of new permits issued. The good news is that the PA DEP’s reporting site was still up and online over the past week, so we have numbers! In Pennsylvania, 11 new permits were issued last week, with Coterra Energy (formerly Cabot Oil & Gas) getting the lion’s share (nine permits), all of them in Susquehanna County on two well pads. Ohio issued seven new permits last week, with Gulfport Energy scoring four of the seven, all on the same pad. West Virginia issued just two new permits, one to Antero Resources and the other to Tug Hill Operating.
It’s always a sad day when radical Big Green groups win a victory over American energy. Such has happened with the New Fortress Energy (NFE) LNG plant proposed for Wyalusing in Bradford County, PA. Three Big Green groups challenged an extension for a permit previously issued for a new liquefaction facility proposed by NFE located in northeastern PA. NFE has caved and agreed that should it proceed with the project, it will need to file all over again and get a new permit–which doesn’t look likely.
One year ago, in March 2021, Eureka Resources announced plans to build a Marcellus Shale wastewater treatment facility in Dimock (Susquehanna County), Pennsylvania (see 
Drillers have their certification schemes to prove the natural gas they extract is “responsible”–meaning most if not all of the methane doesn’t leak as it’s extracted (see 
Since the beginning of Vladimir Putin’s unprovoked war of aggression against Ukraine, we’ve read a number of articles about how American energy can reduce the impact of Putin’s war by supplying Europe with oil and natural gas. However, one such article appearing on Fox Business stands above all the rest. It’s well written and makes a strong case that Pennsylvania, specifically, has a critical role to play in helping to defeat Putin’s war on Ukraine. That role is ramping up Marcellus Shale gas production.