Skip to content
Marcellus Drilling News
Account Login
  • Home
  • About
  • Article Index
  • Calendar
  • Advertising
  • User Guide
  • SUBSCRIBE
Marcellus Drilling News
  • Columbia Pipeline Group | Energy Services | Industrywide Issues | Pipelines | Regulation | Statewide VA | Virginia

    Columbia Seeks to Replace 48 Miles of Pipe in Southeast Va.

    December 3, 2021December 3, 2021
    Virginia Reliability Project (click for larger version)

    In a prefiling made with the Federal Energy Regulatory Commission (FERC) made Wednesday, Columbia Gas Transmission informed FERC that its new Virginia Reliability Project would add 100 MMcf/d of incremental capacity on Columbia’s system to serve delivery points in southeast Virginia, namely Virginia Natural Gas (VNG). Columbia’s project, which includes two new compressor units and replacing 48 miles of existing pipeline, works hand-in-glove with a project proposed the same day by Transco (see today’s lead story: Transco Pipe Seeks to Build New Compressor Boosting Flows in Va.).
    Read More “Columbia Seeks to Replace 48 Miles of Pipe in Southeast Va.”

  • Anti-Drilling/Fossil Fuel | Electrical Generation | Industrywide Issues | New York | Statewide NY

    NYISO Stumbles & Bumbles with How to Replace NatGas Electricity

    December 3, 2021December 3, 2021

    Today, right now, the #1 source of electricity produced in the so-called Empire State is…(drum roll please)…natural gas. By 2040 the state says natural gas will produce zero electricity and the number one source to produce electricity will be huge, ugly, noisy, environmentally-damaging windmills–both onshore and offshore. We plan to be around in 20 years just to laugh and say “we told you so” that such a plan is a pure (and dangerous) fantasy. Yesterday the state’s power management grid, called NYISO (New York Independent System Operator, Inc.) held an Installed Capacity and Market Issues Working Group meeting. From a question asked about the state recently denying permits to upgrade natgas-fired power plants, it was obvious NYISO members don’t have a clue how they will generate enough electricity to keep the lights on in 20 years’ time.
    Read More “NYISO Stumbles & Bumbles with How to Replace NatGas Electricity”

  • Energy Companies | EQT Corp

    Deep Dive into EQT Hedging, CEO Toby Rice’s “Brutal Honesty”

    December 3, 2021December 3, 2021

    The third quarter was not kind to Marcellus/Utica drillers with respect to the official income statements. Why? In a word, hedging. Take EQT for example. During 3Q, EQT lost nearly $2 billion because of bad hedges–locking in prices to sell production far below current market prices (see EQT Lowers Pipeline Costs via New Deals, Eyes Export Opportunities). EQT was not alone, but because EQT is the largest natural gas producer in the country (averaged 5.5 Bcf/d in 3Q), it makes a great case study.
    Read More “Deep Dive into EQT Hedging, CEO Toby Rice’s “Brutal Honesty””

  • Chesapeake Energy | Energy Companies

    Chesapeake Announces $1B Stock Buyback Over Next 24 Months

    December 3, 2021December 3, 2021

    Chesapeake Energy lost $345 million during 3Q21, which was better than the $745 million net loss in 3Q20 (see Chesapeake 3Q: Upper Marcellus is “Star Performer”). However, the company also reported an adjusted net income of positive $269 million. Accounting machinations. The company is doing well enough financially that yesterday the Chesapeake board of directors authorized management to buy back up to $1 billion worth of company stock and warrants over the next two years, as market conditions permit.
    Read More “Chesapeake Announces $1B Stock Buyback Over Next 24 Months”

  • Commodity Price | Industrywide Issues

    NYMEX Futures Continue to Slide 4th Day, Down Another 20c to $4.06

    December 3, 2021December 3, 2021
    click for larger version

    The NYMEX front-month futures price for natural gas slid yesterday for the fourth day in a row, down another 20 cents to close at $4.06. That’s down $1.39 or 25.5% over the last four sessions. Weather is the primary factor–mid-range forecasts say most of the country is staying warm for the next two weeks at least. Will the price go down even more, crashing through $4/MMBtu? It all depends on the next weather forecast for the last two weeks of December…
    Read More “NYMEX Futures Continue to Slide 4th Day, Down Another 20c to $4.06”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues | LDCs | New York | New York County

    ConEd Turns Traitor – Supports Natural Gas Ban in NYC Buildings

    December 3, 2021December 3, 2021

    After signing the Declaration of Independence, Benjamin Franklin is reported to have said: “We must all hang together, or, most assuredly, we shall all hang separately.” Someone at Consolidated Edison (ConEd) never studied history. ConEd has joined hands with the very people that seek to destroy the fossil fuel industry in a campaign to pressure New York City into adopting a new law prohibiting new customers from hooking up for natural gas delivery. Even though ConEd itself is one of two primary suppliers of natural gas in NYC. Why do such a foolish thing?
    Read More “ConEd Turns Traitor – Supports Natural Gas Ban in NYC Buildings”

  • Best of the Rest

    Other Stories of Interest: Fri, Dec 3, 2021

    December 3, 2021December 3, 2021

    MARCELLUS/UTICA REGION: Higher coal, natural gas prices drive Nov revenue surplus for WV; America’s energy future depends on Pennsylvania; OTHER U.S. REGIONS: Jordan Cove LNG project officially ended by Pembina; NATIONAL: US weekly LNG exports remain flat, Henry Hub spot price fall; Did the U.S. shale industry miss its window in 2021?; Capturing CO2 for a host of industrial uses.
    Read More “Other Stories of Interest: Fri, Dec 3, 2021”

  • CNG/LNG | Commodity Price | Exporting | Industrywide Issues

    NYMEX Down $1.20 in 3 Days – LNG Exports Do NOT Cause High Prices

    December 2, 2021December 2, 2021

    The NYMEX “front month” futures contract for natural gas traded on the Henry Hub benchmark has crashed over the past three days, down more than 90 cents, closing at $4.26/MMBtu yesterday. Why? Because weather models predict relatively warm weather in the weeks ahead. Weather trumps all other factors in the price of natural gas. Which exposes the intentional lie (or stupidity, take your pick) of people like U.S. Senator Elizabeth Warren who are spreading the false narrative that LNG exports are the cause of high natural gas prices here at home (see M-U Industry Responds to Sen. Warren re LNG Exports & Prices).
    Read More “NYMEX Down $1.20 in 3 Days – LNG Exports Do NOT Cause High Prices”

  • Energy Companies | Industrywide Issues | Questerre Energy | Regulation | Utica Resources

    Quebec to Pay “Significantly More” than $5B to Jilted Utica Drillers

    December 2, 2021December 2, 2021

    In 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 Lights Out for All O&G Production in Quebec, Including Utica Shale). It’s all being shut down–including actively producing wells. Shutting down existing businesses in the province is something you might expect in Communist China, or Soviet Russia, or tin-horn dictatorships in South America. It’s not something you expect to see in Western democracies. Yet it’s happening in Quebec, home to a large deposit of the Utica Shale. Now Quebec drillers, those who had planned to tap their vast Utica Shale assets, are demanding Quebec pay up, and the price will be “significantly more” than the $3 billion to $5 billion floated by the province’s energy association.
    Read More “Quebec to Pay “Significantly More” than $5B to Jilted Utica Drillers”

  • Beaver County | Economic Impact | Energy Companies | Ethane | Industrywide Issues | Jobs | Pennsylvania | Processing Plants | Shell

    Fact: Shell Cracker a Huge Positive for Beaver County Economy, Jobs

    December 2, 2021December 2, 2021

    The so-called Ohio River Valley Institute (ORVI) is a far-left, hyper-partisan, nonprofit organization that routinely lies about the Marcellus/Utica industry. A Pittsburgh area labor and business group called Pittsburgh Works Together (PWT) routinely debunks ORVI’s falsehoods. Here’s the latest lie from ORVI: “[T]he Shell petrochemical complex has failed to produce economic growth in Beaver County.” Here’s the truth, the facts, as shared by PWT: “In the years before the COVID-19 pandemic began in 2020, Beaver County grew jobs far faster than the overall Pittsburgh region, the state of Pennsylvania, and the U.S, according to data from the U.S. Bureau of labor statistics. And Beaver County’s economy expanded twice as fast as the rest of the state, and faster than the U.S. economy overall, gross domestic product (GDP) data show.”
    Read More “Fact: Shell Cracker a Huge Positive for Beaver County Economy, Jobs”

  • Energy Services | Industrywide Issues | Luzerne County | Nacero | Pennsylvania | Processing Plants

    Nacero, Building GTL Plant in NEPA, Gets Air Permit for Texas Plant

    December 2, 2021December 2, 2021
    Artist rendering of Nacro facility in Texas (click for larger version)

    In November we shared the exciting news that Nacero Inc. will build a $6 billion refinery on the site of a former coal mine in Newport Township and Nanticoke in Luzerne County, PA (see NEPA Huge Deal – $6B Plant to Convert Marcellus Gas to Gasoline). The plant will convert Marcellus natural gas into zero-sulfur gasoline for use in existing cars and trucks without modification. However, Nacero has plans to build three such plants in the U.S. One of their projects, located in Texas, has just received an air quality permit and plans to begin construction on phase one within the next 30 days.
    Read More “Nacero, Building GTL Plant in NEPA, Gets Air Permit for Texas Plant”

  • Chesapeake Energy | Energy Companies | ESG | Industrywide Issues

    Chesapeake Energy Launches ‘We’re Clean & Green’ ESG Website

    December 2, 2021December 2, 2021

    Chesapeake Energy is the latest big oil and gas producer with major assets in the Marcellus region to declare itself clean and green. The company just launched a new “microsite” (website) dedicated to the company’s ESG reporting and progress toward its climate-related targets. ESG stands for environmental, social, and governance efforts. You already know what we think of such programs (see It’s Time for ESG Investing to End and Drilling to Restart).
    Read More “Chesapeake Energy Launches ‘We’re Clean & Green’ ESG Website”

  • Industrywide Issues | Jobs | Research

    43% of O&G Workers Want to Leave the Industry – Jobs Go Unfilled

    December 2, 2021December 2, 2021

    Here’s a startling statistic: A survey of nearly 17,000 global energy industry companies, recruiters, and workers conducted by Brunel and Oilandgasjobsearch.com shows 43% of current employees in O&G want to leave the energy industry altogether, within the next 5 years. Here’s an even bigger flabbergaster: When asked which sectors they’d pursue employment opportunities in, 56% of those working in oil and gas said they will look for new work in so-called renewable energy.
    Read More “43% of O&G Workers Want to Leave the Industry – Jobs Go Unfilled”

  • Best of the Rest

    Other Stories of Interest: Thu, Dec 2, 2021

    December 2, 2021December 2, 2021

    NATIONAL: Oil falls as omicron variant threatens the U.S.; Exxon to spend $15B on GHG reduction projects by 2027; Biden lacks understanding of oil’s contributions to civilization; Shale drillers to lift USA spending 19 percent.
    Read More “Other Stories of Interest: Thu, Dec 2, 2021”

  • Energy Services | Industrywide Issues | Lease & Royalty Payments | Litigation | Pennsylvania | Storage | Tioga County (PA) | UGI Energy Services

    Tioga County Landowners Win UGI Takings Case at PA Supreme Court

    December 1, 2021December 1, 2021

    Back in June, MDN told you about a long-running lawsuit in Tioga County, PA by landowners who claim that UGI has taken their mineral rights as part of operating the Meeker Storage Field, an underground natural gas storage facility (see Tioga County Landowners Appeal UGI Takings Case to PA Supremes). The landowners lost the lawsuit in the Court of Common Pleas of Tioga County (trial court) in March 2019. The landowners appealed to Commonwealth Court and lost there too, in November 2020. The landowners appealed again, to the Pennsylvania Supreme Court. On Monday, Nov. 29, the Supremes ruled in favor of the landowners. It pays to be persistent!
    Read More “Tioga County Landowners Win UGI Takings Case at PA Supreme Court”

  • Chesapeake Energy | Energy Companies

    Chesapeake Energy Names New CFO to Replace Promoted Dell’Osso

    December 1, 2021December 1, 2021
    Mohit Singh

    In October, Chesapeake Energy, a large and important driller in the northeast Pennsylvania Marcellus, announced it was promoting the company’s longtime CFO Domenic Dell’Osso Jr. to become the new CEO of the company (see Chesapeake Makes it Official – CFO Dom Dell’Osso New CEO). Dell’Osso has now selected his replacement for the job of CFO. Mohit Singh will become Executive Vice President and Chief Financial Officer effective December 6, 2021. Who is Singh and where has he worked?
    Read More “Chesapeake Energy Names New CFO to Replace Promoted Dell’Osso”

Page navigation

Previous PagePrevious 1 … 526 527 528 529 530 … 1,955 Next PageNext
Search

Get Daily Headlines

Newsletter Optin

Recent MDN Issues

  • June 29, 2026
  • June 26, 2026
  • June 25, 2026
  • June 24, 2026
  • June 23, 2026

List of All Daily Issues

Most Recent Articles

  • M-U Rigs Even @ 36; Haynesville Even @ 55; Nat’l Way Up 10 @ 573
  • PA DEP Posts Details on Talen’s Proposed Montour Gas-Fired Plant
  • SRBC Approved 34 Shale Gas Well Pad Water Use Permits in May
  • FERC Issues Positive Final EIS for 2 Kinder Southeast Pipe Projects
  • Nervous Green Groups Seek to Join NY Frack Ban “Taking” Lawsuit
  • Kinder Morgan Forced to Sue SC Landowners for Pipe Survey Access
  • MDN’s Energy Stories of Interest: Mon, Jun 29, 2026
  • 31 New Shale Well Permits Reported for PA-OH-WV Jun 15 – 21
  • Devon Energy CEO: Asset Review to Finish in Months, Not a Year
  • Williams Open Season to Expand Transco Gas Eastbound to PA, NJ, MD

© 2009-2026 Marcellus Drilling News

  • Disclaimer
  • Terms of Service
  • Privacy Policy
  • Home
  • About
  • Article Index
  • Calendar
  • Advertising
  • User Guide
  • Subscribe
  • Log In