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More M&A Coming to M-U in 2022? List of the Hunters & the Hunted
In May 2021 S&P Global Market Intelligence ran an article on which Marcellus/Utica drillers are likely targets to be acquired, and which drillers are doing the targeting (see Which M-U Drillers are Likely Next Targets for Acquisition?). They were right, at least partially. Market Intelligence has just updated its list of M-U for “the hunters” and “the hunted.” Let’s have a look…
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Last year Big Green lobbyists using the City of Oberlin, Ohio contested the Federal Energy Regulatory Commission (FERC) decision to approve the Enbridge/DTE Energy NEXUS pipeline, a a $2 billion, 255-mile pipeline from the Ohio Utica Shale into Michigan that’s been flowing for years connecting to a pipeline that exports some of the gas into Canada (see 
Two weeks ago MDN told you that Pennsylvania Gov. Tom Wolf swiftly vetoed a PA Senate resolution sent to him that would block the state from joining the Regional Greenhouse Gas Initiative (RGGI), nothing more than a carbon tax that won’t actually reduce carbon emissions (see 
As part of its latest Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration predicts U.S. fossil fuel production to continue rising in both 2022 and 2023, surpassing production in 2019, to reach a new record high in 2023. So much for the “big transition” to so-called renewables! The biggest share of fossil fuel production is, you guessed it, natural gas. EIA says natgas production will increase 3% this year, and 2% next year.
Democrats in Congress say new federal powers are needed to prevent major energy disruptions like the cyberattack on the Colonial Pipeline last May. Specifically, the Dems want the Federal Energy Regulatory Commission (FERC) to impose “basic standards” for natural gas pipeline reliability and security. The Dems claim FERC can enforce reliability standards regarding electricity delivery and other matters, but the agency lacks such authority when it comes to regulating pipelines. Is that true?
MARCELLUS/UTICA REGION: Utica Shale drilling benefits Ohio; OTHER U.S. REGIONS: Calcasieu Pass in Louisiana nearing start of LNG production; NATIONAL: Enbridge announces executive leadership changes; Morgan Stanley sees Brent hitting $100 by 3Q; Anti-gas policy exposes US to risk of energy crisis; Industry sees big year ahead for gas; INTERNATIONAL: NIMBYism is global, and that’s a problem for the energy transition; Greece turning into gas hub.
New England–Massachusetts and Maine in particular–dodged a major bullet on Thursday when Federal Energy Regulatory Commission (FERC) commissioners voted 5-0 to NOT overturn a permit for the already up-and-running compressor station in Weymouth, Mass. The Weymouth compressor station was the final piece of the $452 million Atlantic Bridge expansion project that was years in the making. The compressor went online in January 2021 (see 
Earlier this week West Virginia State Treasurer Riley Moore announced the WV Board of Treasury Investments, which manages the state’s roughly $8 billion operating funds, will no longer use BlackRock Inc. investment funds as part of its banking transactions (see 
This is quite clever. Last October the province of Quebec, Canada announced it will expropriate all of the rights for all oil and gas companies in the province to drill and extract oil and natural gas (see 
According to super-secret sources talking to Reuters, Chesapeake Energy is in advanced talks to purchase Chief Oil & Gas for $2.4 billion. MDN brought you the news last October that Chief, a private company owned by Texas wildcatter Trevor Rees-Jones, was shopping itself for $3 billion (see 
In September MDN broke the news that Rockdale Marcellus had filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court for the Western District of Pennsylvania (see