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Marcellus Drilling News
  • Industrywide Issues | Pennsylvania | Regulation | Statewide PA

    PA DEP Secretary Pat McDonnell Leaving Agency July 2nd

    May 24, 2022May 24, 2022
    Pat McDonnell – Sec. DEP

    The ship of the Pennsylvania Gov. Tom Wolf administration is slowly sinking beneath the waves as Wolf is term-limited and out the door, exiting stage left at the end of this year. So it’s time for senior members of his administration to look elsewhere for other jobs and hop off the sinking ship before it goes completely beneath the waves. First up to flee is Dept. of Environmental Protection Secretary Patrick McDonnell, who has been Wolf’s patsy in attempting to force the massive RGGI carbon tax on the residents of PA. We wonder, who will be next? And why is McDonnell really leaving now, seven months before the end of Tom Wolf’s term?
    Read More “PA DEP Secretary Pat McDonnell Leaving Agency July 2nd”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues | Litigation | Pipelines

    Exposing the Left’s Collusion in Targeting Spire STL Pipeline

    May 24, 2022May 24, 2022
    click for larger version

    Spire STL is a 65-mile pipeline that connects to and flows Marcellus/Utica gas from the Rockies Express (REX) pipeline to residents and businesses in the St. Louis, MO area. The pipeline began flowing gas in late 2019 (see Spire Pipeline Ready to Flow Marcellus/Utica Gas to St. Louis). In June 2021, three Democrat judges on the U.S. Court of Appeals for the D.C. Circuit overturned the certificate the Federal Energy Regulatory Commission (FERC) issued for building Spire STL (see Fed Court Overturns Marcellus to St. Louis Pipe – Shutdown Coming?). Why did the enviro-left, via the odious Environmental Defense Fund (EDF), target this pipeline? And what happens if Spire STL ends up shutting down?
    Read More “Exposing the Left’s Collusion in Targeting Spire STL Pipeline”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues

    Intl Energy Agency (IEA) Chief Trash Talks Fossil Fuels Yet Again

    May 24, 2022May 24, 2022
    Fatih Birol – IEA

    Last May (one year ago) the International Energy Agency (IEA) and its Executive Director Fatih Birol published a nonsensical “report” called “Net Zero by 2050: A Roadmap for the Global Energy Sector” (see Intl Energy Agency Says World Should Stop All New O&G Development). In the report, IEA made the preposterous claim that if the world (i.e. the U.S.) doesn’t stop all new drilling for oil and gas immediately, the earth will toast itself into oblivion by 2050. But then in February of this year, that same IEA and Birol told OPEC+ it needs to drill like crazy to produce more oil (see IEA Says OPEC+ Not Producing Enough Oil, After Preaching No New Oil). The bipolar pendulum has swung again. Now Birol says the Russian invasion of Ukraine should not be an excuse for large-scale fossil fuel investments.
    Read More “Intl Energy Agency (IEA) Chief Trash Talks Fossil Fuels Yet Again”

  • Commodity Price | Crude Oil | Industrywide Issues

    Real Reason There’s Not More Shale Drilling: Investors

    May 24, 2022May 24, 2022

    We’ve tackled the issue of why there isn’t more oil and natural gas drilling happening in the Marcellus/Utica and beyond even with prices for both commodities through the proverbial roof. Not that many years ago prices were a fraction of what they are now and yet the drilling industry would not, could not stop drilling new wells, flooding the market with product and crashing prices. Now, it’s the reverse! It seems nothing will incentivize drillers to drill any new wells beyond enough to keep production steady. Why? An article in the Wall Street Journal seeks to answer the question, definitively.
    Read More “Real Reason There’s Not More Shale Drilling: Investors”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues

    Stockholm+50 Needs to Consider Billions of Deaths w/o Fossil Fuels

    May 24, 2022May 24, 2022

    The world’s so-called leaders will meet in Stockholm, Sweden, on June 2-3 to commemorate the 1972 United Nations Conference on the Human Environment and celebrate 50 years of failed global environmental action. It will be another attempt at establishing a Green World Order–subjugating all of humanity under the banner of “saving” us from global warming. It’s all a sham, of course. Stockholm+50, as it’s called, is the rise of the parasitic New Communism using the environmental movement as its host. Here’s something for the delegates at Stockholm+50 to consider and debate: How will the world react to half of its population, around 4 billion people, dying from starvation if fossil energy is outlawed?
    Read More “Stockholm+50 Needs to Consider Billions of Deaths w/o Fossil Fuels”

  • Best of the Rest

    Other Stories of Interest: Tue, May 24, 2022

    May 24, 2022May 24, 2022

    OTHER U.S. REGIONS: SpaceX scrubs plan to build mini LNG plant; Hackberry Carbon Sequestration project launched at Cameron LNG in Louisiana; NATIONAL: U.S. retail diesel prices increase to over $6 per gallon in the Northeast; Lefties look to make grilling a little greener; INTERNATIONAL: Oil inventories down to dangerously low point; Extinction Rebellion starts fossil industry protests in Rotterdam; Ruble hits 5-year high as gas buyers bend to Putin demand.
    Read More “Other Stories of Interest: Tue, May 24, 2022”

  • Allegheny County | CNX Resources | Energy Companies | Pennsylvania

    CNX, Pittsburgh Airport Cut New Deal to Drill More Wells

    May 23, 2022May 23, 2022

    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 $50M Check in the Mail: Pittsburgh Airport Lease a Done Deal). The airport received a $50 million signing bonus and the promise of 18% royalties on anything produced and sold. The first wells began to flow natural gas for the first time in July 2016 (see CONSOL’s First Pittsburgh Airport Wells Begin to Flow NatGas). Since that time the airport has added its own electric microgrid and now produces all of its own electricity (see Pittsburgh Airport Now Generates All Its Power Using Marcellus Gas). The original deal called for CNX to drill 45 gas wells. They stopped at 14. That may be about to change.
    Read More “CNX, Pittsburgh Airport Cut New Deal to Drill More Wells”

  • Energy Services | Eureka Resources | Industrywide Issues | Litigation | Pennsylvania | Regulation | Susquehanna County

    PA EHB Judge Rejects Request to Block Dimock Wastewater Plant

    May 23, 2022May 23, 2022

    In March 2021, Eureka Resources announced plans to build a Marcellus Shale wastewater treatment facility in Dimock (Susquehanna County), Pennsylvania (see Eureka Building Marcellus Wastewater Recycling Plant in Dimock, PA). Both Susquehanna County and Dimock Township approved the Eureka project (see Town, County Approve Marcellus Wastewater Recycling Plant in Dimock). The Pennsylvania Dept. of Environmental Protection (DEP) has thus far issued one of two required permits. Seemingly out of nowhere, leftwing Democrat State Senator Katie Muth (from the Philadelphia area) filed an appeal with the DEP’s Environmental Hearing Board (EHB) attempting to block Eureka’s Dimock project (see SEPA Dem Attacks NEPA Marcellus Wastewater Recycling Plant in Dimock). EHB Judge Steven Beckman rejected Muth’s request last week for a temporary order blocking construction.
    Read More “PA EHB Judge Rejects Request to Block Dimock Wastewater Plant”

  • Allegheny County | Anti-Drilling/Fossil Fuel | Energy Companies | Industrywide Issues | Olympus/Huntley & Huntley | Pennsylvania

    West Deer Antis Try to Block 2nd Olympus Shale Well Pad

    May 23, 2022August 29, 2022

    Olympus Energy (formerly Huntley & Huntley) drills in the Greater Pittsburgh region, in Allegheny and Westmoreland counties. Last year Olympus filed an application to build a new well pad in a rural part of Allegheny County, in West Deer Township. So-called “concerned citizens” got amped up to oppose the project. They succeeded when the Dionysus well pad was rejected by town supervisors (see West Deer Township Denies Olympus Permit to Build Shale Pad). The “concerned citizens” are at it again, attempting to block a second well pad, the Leto pad, proposed by Olympus in another West Deer location.
    Read More “West Deer Antis Try to Block 2nd Olympus Shale Well Pad”

  • Anti-Drilling/Fossil Fuel | ESG | Industrywide Issues

    BlackRock Begs Texas Not to Divest from the Divestors

    May 23, 2022May 23, 2022

    Efforts by brave states like Texas and West Virginia in fighting back against companies like BlackRock who demand divestment from any activity involving the extraction of fossil fuels is having an effect. The divestors are beginning to squeal like little piglets. In June 2021, Texas Gov. Greg Abbott signed a bill into law that bans state investments in banks, investors, and other companies that have cut ties with the oil and gas industry (see Texas Adopts Law Boycotting Banks & Investors that Boycott O&G). It has taken a while, but Texas is finally working on the list of companies that the state (with the second-highest population in the country) will end doing business with. BlackRock is on the list and the company is begging the state not to cut ties.
    Read More “BlackRock Begs Texas Not to Divest from the Divestors”

  • Commodity Price | Industrywide Issues

    Investment Firm Predicts U.S. NatGas Crisis Coming in 2022

    May 23, 2022May 23, 2022
    click for larger version

    Leigh Goehring from natural resource investment firm Goehring & Rozencwajg Associates is predicting a “black swan” event in “the next six months” right here in the U.S. with respect to the supply and price of natural gas. Goehring maintains we could see an event where we swing from a surplus of natural gas to a deficit, and prices that triple or quadruple. It is an ominous prediction.
    Read More “Investment Firm Predicts U.S. NatGas Crisis Coming in 2022”

  • Industrywide Issues | Pipelines | Regulation

    Joe Biden Renominates Dick Glick for Another FERC Term

    May 23, 2022May 23, 2022
    Richard Glick

    How unfortunate–and predictable. The Joe Biden White House, an agency in complete disarray and dysfunction, announced on Friday that it will put forward Richard “Dick” Glick’s name to serve yet another undistinguished term at the Federal Energy Regulatory Commission (FERC). Glick, a former wind lobbyist who is an extreme anti-pipeline radical, was appointed first under Donald Trump (big mistake on Trump’s part). Glick is currently the chairman of the agency, a position that wields a lot of power. Biden wants him to continue his destructive ways at the agency for another four years.
    Read More “Joe Biden Renominates Dick Glick for Another FERC Term”

  • Best of the Rest

    Other Stories of Interest: Mon, May 23, 2022

    May 23, 2022May 23, 2022

    OTHER U.S. REGIONS: April sees highest monthly job growth in upstream oil and natural gas sector in nearly 11 years; NATIONAL: FERC to monitor gas, power markets for manipulation; Five major challenges facing the energy industry; INTERNATIONAL: Schroeder quits Rosneft job; Russia has cut off its natural gas exports to Finland; New LNG deal will allow Finland, Estonia to end Russian gas imports; Exposed by Putin, the energy know-nothings must now go away.
    Read More “Other Stories of Interest: Mon, May 23, 2022”

  • Brooke County | Forced Pooling | Industrywide Issues | Litigation | Regulation | Statewide WV | West Virginia

    Landowners Sue to Block West Virginia’s New Forced Pooling Law

    May 20, 2022May 27, 2022

    Back in March MDN told you about a bill passed by the West Virginia legislature, Senate Bill (SB) 694, which finally brings forced pooling for shale wells to the Mountain States after eight years of trying (see WV House Passes Forced Pooling Bill, Done Deal When Gov Signs). Shortly after passage Gov. Jim Justice signed the bill into law. SB 694 is set to become active on June 7, which is 90 days following passage. However, two farmers from Brooke County have just sued Gov. Justice to overturn the new law claiming it is unconstitutional.
    Read More “Landowners Sue to Block West Virginia’s New Forced Pooling Law”

  • Crude Oil | Industrywide Issues | Lease & Royalty Payments | Ohio | Statewide OH

    OH Utica Landowners Leased for Oil Benefit from High Crude Price

    May 20, 2022May 27, 2022

    While virtually all of the Marcellus/Utica drilled in Pennsylvania produces either dry natural gas or wet gas (NGLs), the Utica in certain places of Eastern Ohio produces crude oil. Landowners in Ohio who lease their property and have crude gushing out of the ground may feel like Jed Clampett with bubblin’ crude prices fetching north of $100 per barrel. However, Bidenflation is eating away at the higher royalties those landowners receive. The cost of everything has gone up–from gasoline and diesel fuel to livestock feed, fertilizer, and groceries.
    Read More “OH Utica Landowners Leased for Oil Benefit from High Crude Price”

  • BKV/Banpu | Energy Companies | Exxon Mobil | Industrywide Issues | M&A

    Banpu Expands Again – Buys Exxon’s Texas Barnett Assets

    May 20, 2022May 27, 2022

    Banpu is Thailand’s largest coal mining company. But Banpu is far more than just a coal company. It has multiple subsidiaries in various energy industries scattered around the globe. For example, here in the U.S. Banpu partners with Kalnin Ventures and operates BKV Corporation (Banpu Kalnin Ventures), the American shale drilling arm of Banpu (Banpu owns 96% of BKV). Banpu originally entered the American shale sector by investing over $500 million in 2016-2017 to buy existing Marcellus wells and acreage in northeast Pennsylvania. But then the company developed a wandering eye…
    Read More “Banpu Expands Again – Buys Exxon’s Texas Barnett Assets”

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