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Marcellus Drilling News
  • Anti-Drilling/Fossil Fuel | Industrywide Issues | Pipelines

    Canadian Radical Threatens to Blow Up Oil & Gas Pipelines

    November 29, 2021November 29, 2021

    Leftists are not only anti-fossil fuels and anti-freedom, they’re also (when they eventually don’t convince others with their inane arguments) violent. Case in point: David Suzuki, the so-called godfather of the Canadian environmental movement, warned over the weekend that if politicians don’t act to reverse climate change, there could be attacks against oil and gas infrastructure. He flat-out threatened to blow up pipelines. Why is this man not in jail?
    Read More “Canadian Radical Threatens to Blow Up Oil & Gas Pipelines”

  • Best of the Rest

    Other Stories of Interest: Mon, Nov 29, 2021

    November 29, 2021November 29, 2021

    MARCELLUS/UTICA REGION: Gas well project would be a benefit to Weirton; OTHER U.S. REGIONS: Three years before ban takes effect, state banning most fracking permits; NATIONAL: Manchin calls on Biden to restore Keystone XL pipeline; Biden’s blunder could send oil prices to $100; Biden administration released its fed land leasing review on Black Friday; John Kerry’s phony climate accomplishments; Is Jennifer Granholm even qualified to be U.S. Secretary of Energy?; INTERNATIONAL: Keystone XL developer seeks $15 billion in compensation; How Europe triggered an energy crisis.
    Read More “Other Stories of Interest: Mon, Nov 29, 2021”

  • Anti-Drilling/Fossil Fuel | Energy Services | Equitrans/EQT Midstream | Industrywide Issues | Litigation | Pipelines

    FERC Defends Decision to Approve Mountain Valley Pipeline in 2nd Circuit

    November 24, 2021November 24, 2021

    The Federal Energy Regulatory Commission (FERC) is (surprisingly, under the current regime) sticking up for its decision made during the Trump administration to allow Equitrans’ 303-mile Mountain Valley Pipeline (MVP) from West Virginia into Virginia to continue working on completion of the 92% done project. A coalition of Big Green groups has repeatedly, viciously challenged and tried to block completion of the pipeline, more than doubling costs for the project due to court delays. On Friday, FERC filed a defense of its orders from late last year to allow MVP to restart construction on all but a very few locations still being litigated (primarily a small section through Jefferson National Forest).
    Read More “FERC Defends Decision to Approve Mountain Valley Pipeline in 2nd Circuit”

  • Diversified Energy | Energy Companies

    Diversified CEO Says Majority of Co.’s Wells Can Produce 50+ Yrs

    November 24, 2021November 24, 2021

    Diversified Energy (formerly Diversified Gas & Oil) is a company that continues to fascinate us. Diversified’s CEO, Rusty Hutson, Jr., started the company in 2001 with just 35 old conventional wells in West Virginia. Today the company owns over 69,000 gas and oil wells! Most of them are conventional and located in the Appalachian region, although the company now owns over 400 shale wells too. The company’s strategy is to let others locate and drill new wells, and obtain the initial rush of production. But as those wells age and produce a small trickle of what they initially produced, most companies look to sell them. That’s where Diversified comes in, buying up those older, lower-producing wells. Even though the production is low, those old wells are like annuities that just keep steadily producing–for years. In fact, Hutson said in a recent interview that the majority of the 69,000+ wells Diversified owns will produce for “50, 60 years or more.”
    Read More “Diversified CEO Says Majority of Co.’s Wells Can Produce 50+ Yrs”

  • Industrywide Issues | Pipelines | Regulation

    Missouri PSC Attacks Free Speech, Orders Spire Pipe to Write Email

    November 24, 2021November 24, 2021

    What the heck? Did we just wake up in Stalinist Russia? The Missouri Public Utility Commission (MoPSC), which regulates public utilities in the state including the largest natural gas utility in the state (Spire, serving some 632,000 residents), has ordered Spire to send an email to customers fixing, retracting, correcting (whatever you want to call it) a previous email sent by Spire that warns customers they may soon be without natural gas because of the Federal Energy Regulatory Commission (FERC). Even though Spire’s original email warning is 100% the truth. Does MoPSC have that kind of tyrannical power, to force speech?
    Read More “Missouri PSC Attacks Free Speech, Orders Spire Pipe to Write Email”

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

    NEPA Gas-to-Gasoline Plant May Grow Prod in Pipe-Constrained Area

    November 24, 2021November 24, 2021

    Earlier this month 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. We have some expert analysis of this project and a closer look at the company building it.
    Read More “NEPA Gas-to-Gasoline Plant May Grow Prod in Pipe-Constrained Area”

  • Industrywide Issues | Pipelines | Regulation

    Squabbling Breaks Out at FERC Meeting Over Regulating GHG Emissions

    November 24, 2021November 24, 2021

    An interesting back and forth took place (we’d call it squabbling) at a technical conference last Friday hosted by the Federal Energy Regulatory Commission (FERC). FERC Chairman Richard “Dick” Glick pontificated that so-called global warming considerations must be made when evaluating new pipeline projects. He has used that excuse for years to vote against every single new pipeline project brought before him. Another FERC Commissioner, James Danly, pushed back and revealed flaws in Glick’s reasoning.
    Read More “Squabbling Breaks Out at FERC Meeting Over Regulating GHG Emissions”

  • Anti-Drilling/Fossil Fuel | CNG/LNG | Exporting | Industrywide Issues

    Russia Launches Propaganda Attack on U.S. “Fracked” Shale Gas

    November 24, 2021November 24, 2021
    Gazprom Neft’s oil refinery in Omsk, Russia February 10, 2020 (credit: Reuters)

    We sometimes wonder whether MDN readers believe us when we make statements about other countries, like Russia (and Vladimir Putin) as being enemies of the United States. “Oh, that’s just Jim popping off again. More hyperbole.” We hope not. We mean exactly what we say. And we can back it up with evidence. Take, for example, a press release issued by Gazprom, the Russia-owned natural gas powerhouse that exports natgas to other countries, primarily in Asia and Europe. When America figured out shale energy and fracking, we displaced Russia and Gazprom as the largest natural gas producer in the world. We quickly scooped up some of Russia’s customers with our LNG. Russia has been fighting to regain its top-dog position ever since. Yesterday Gazprom issued a propaganda press release (below) that directly attacks the U.S. shale industry and our LNG exports, trying to paint our natgas exports as “dirty”–the exact word they use.
    Read More “Russia Launches Propaganda Attack on U.S. “Fracked” Shale Gas”

  • Ascent Resources | Belmont County | Cameron County | Centre County | Clarion County | Coterra Energy (Cabot O&G) | Encino Energy | Energy Companies | EQT Corp | Harrison County | Jefferson County (OH) | Laurel Mountain Energy | Marion County | Marshall County | Ohio | Pennsylvania | Range Resources Corp | Seneca Resources | Susquehanna County | Tug Hill Operating | Washington County | Weekly Permits | West Virginia | XPR Resources

    32 New Shale Well Permits Issued for PA-OH-WV Nov 15-21

    November 24, 2021November 24, 2021

    Last week Pennsylvania issued 15 new permits for shale well drilling, up nicely from the prior week of just 2 new permits. Ohio issued 9 new permits last week, and West Virginia issued 8 new permits. All totaled, the M-U saw 32 new permits issued last week, the most we’ve seen in a single week for some time. More drilling on the way!
    Read More “32 New Shale Well Permits Issued for PA-OH-WV Nov 15-21”

  • Best of the Rest

    Other Stories of Interest: Wed, Nov 24, 2021

    November 24, 2021November 24, 2021

    OTHER U.S. REGIONS: Cheniere produces 1st LNG at Sabine Pass Train 6; NATIONAL: API, NOIA react to House reconciliation bill passage; Biden orders release of USA oil reserves; The upside of Biden’s oil move – good timing, and too small to hurt anything; New algorithm efficiently diagnoses shale fracture results from fiber-optic data; Regressive energy taxes hit poor and lower-income families, creates more inflation; INTERNATIONAL: Anti-OPEC+ officially emerges.
    Read More “Other Stories of Interest: Wed, Nov 24, 2021”

  • Industrywide Issues | Pennsylvania | Research | Statewide PA

    PA IFO Report – 3Q NatGas Production Up 6%, Avg Price Up 187%

    November 23, 2021April 20, 2022

    Yesterday the Pennsylvania Independent Fiscal Office (IFO) released their latest quarterly Natural Gas Production Report for July through September 2021 (full copy below). We have some encouraging news to share, along with some not-so-encouraging news. In 3Q21 the number of wells spud (begun to be drilled) was 111 new shale wells, the same number as in 3Q20, down from 2Q21’s 120 spud wells. On the positive side, gas production increased by 6.8% in 3Q21 over 3Q20. In fact, 3Q21 saw the highest quarterly production in the state for all time!
    Read More “PA IFO Report – 3Q NatGas Production Up 6%, Avg Price Up 187%”

  • Anti-Drilling/Fossil Fuel | Bradford County | CNG/LNG | Energy Services | Exporting | Industrywide Issues | New Fortress Energy | Pennsylvania

    New Fortress Permit to Ship LNG by Rail May Expire on Nov. 30

    November 23, 2021November 23, 2021

    The environmental radicals on the left continue their push to defeat the construction of an $800 million liquefaction plant in Wyalusing (Bradford County), PA, meant to liquefy and ship LNG to a planned facility on the Delaware River, for exporting to other countries. The left’s latest ploy? Antis are proclaiming a special permit issued during the Trump administration that allows LNG from the Wyalusing plant to be shipped via special rail cars is about to expire at the end of this month and almost certainly won’t get renewed. In addition, antis have stirred up some of the liberal locals near the port facility where the LNG would get safely loaded onto ships. It is a continuing, coordinated two-pronged attack against the project.
    Read More “New Fortress Permit to Ship LNG by Rail May Expire on Nov. 30”

  • Commodity Price | Industrywide Issues

    NYMEX Hits 11-Wk Low, but Northeast Spot Prices Thru the Roof

    November 23, 2021November 23, 2021

    The front-month futures contract for natural gas trading at the Henry Hub in southern Louisiana (called the NYMEX) has taken a pretty serious dip in recent days, falling by $0.28 yesterday to just $4.79. However, the physically traded spot price that natgas is fetching at trading hubs near Boston and New York City was through the roof yesterday. And although the spot price in places like northeastern PA (Tennessee Gas Zone 4 Marcellus) and the Tri-State corners area (Eastern Gas South) are down a bit from a month ago, those prices are relatively high too. What’s going on with the price of natgas?
    Read More “NYMEX Hits 11-Wk Low, but Northeast Spot Prices Thru the Roof”

  • Industrywide Issues | Regulation | Statewide WV | Taxation | West Virginia

    Talk of Scrapping WV’s New Oil & NatGas Property Tax Valuation Law

    November 23, 2021November 23, 2021
    click for larger version

    Complete confusion continues to reign with respect to West Virginia’s House Bill (HB) 2581, a new law passed on the last day of the annual WV legislative session in April. HB 2581 changes how the State Tax Department values producing oil and gas wells for property tax purposes (see WV Passes Bill to Change O&G Well Valuations for Taxes). The bill was supposed to streamline and provide a fairer system for assessing taxes on oil and gas production. It seems to have done the opposite, creating a complex system that is currently mired in controversy with both drillers and landowners confused about how much of a tax bill they will owe next year. There is serious talk of throwing out the HB 2581 law and starting over again.
    Read More “Talk of Scrapping WV’s New Oil & NatGas Property Tax Valuation Law”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues | New York | Pipelines | Regulation

    Woke Nation: 2nd Fed Agency Investigating Brooklyn Pipe as Racist

    November 23, 2021November 23, 2021

    Yes, we as a collective society have lost our collective heads. So-called Critical Race Theory (CRT) appears to have brainwashed large swaths of our great land into seeing racism in every interaction and under every rock, tree–and now, even under the ground. Pipelines are racist! That’s the cry of the hard left, which unfortunately now controls our federal government. Three weeks ago we told you the Biden EPA had launched a film flam “investigation” (i.e. witch hunt) into a small pipeline aimed at delivering natural gas to a facility in Brooklyn so the gas can be liquefied and carted around New York City to prevent gas outages (see Biden EPA Launches Racism Probe into Brooklyn, NY Pipeline). The EPA is investigating the pipeline on the charge it is racist because the pipeline passes through (actually under) communities that are predominately black or Hispanic. Now a second Biden agency, the U.S. Department of Transportation, is going to run its own investigation. Grab the torches, it’s time to hunt down and burn the racist witches!
    Read More “Woke Nation: 2nd Fed Agency Investigating Brooklyn Pipe as Racist”

  • Electrical Generation | Industrywide Issues | Ohio | Pennsylvania | Statewide OH | Statewide PA

    M-U to Feed 43% of New Gas-Fired Power Coming Online by 2025

    November 23, 2021November 23, 2021

    According to the U.S. Energy Information Administration’s (EIA) latest Monthly Electric Generator Inventory, between 2022 and 2025 (the next three years) some 27.3 gigawatts (GW) of new natural gas-fired capacity is scheduled to come online in the United States. Illinois, Michigan, Ohio, and Pennsylvania–states with pipeline access to natural gas from the Marcellus and Utica shale plays–account for a combined 43% of the natural gas-fired capacity planned to come online. Yes, our molecules will feed almost half of all new gas-fired power plants!
    Read More “M-U to Feed 43% of New Gas-Fired Power Coming Online by 2025”

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