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Marcellus Drilling News
  • Anti-Drilling/Fossil Fuel | Electrical Generation | Industrywide Issues | New York | Regulation | Yates County

    NY Gov Hochul Delays Decision on Seneca Lake Crypto Gas Plant

    April 5, 2022April 5, 2022
    Greenidge Generation near Seneca Lake

    New York State has become aggressively hostile to any business remotely connected to fossil fuels. NY is openly prejudiced and discriminates against oil and natural gas companies. In May 2021 we told you about a “bitcoin miner” that uses natural gas to produce electricity to power some serious computers (see Upstate NY Bitcoin Miner Faces Opposition from Enviro-Left). Even though the company is doing its best to atone for its “sin” of using natural gas via buying indulgences (aka carbon offsets), environmentalist wackos oppose the facility located in Dresden (Yates County), near beautiful Seneca Lake (see Upstate NY Bitcoin Miner Defies Enviro-Left, Operates NatGas Plant). The state Dept. of Environmental Conservation (DEC), under the direction of Gov. Kathy Hochul, has just delayed a final decision about reissuing a Title V Air Permit to operate until June 30th, which happens to be two days after the gubernatorial primary on June 28th.
    Read More “NY Gov Hochul Delays Decision on Seneca Lake Crypto Gas Plant”

  • Industrywide Issues | Regulation | Statewide WV | West Virginia

    Manchin Opposes SEC’s Onerous New Climate Reporting Regs

    April 5, 2022April 5, 2022

    In March the U.S. Securities and Exchange Commission (SEC), corrupted by the Bidenistas, said it will begin to force all publicly traded companies to disclose their so-called greenhouse gas (GHG) emissions and the imaginary climate risks their businesses face (see SEC Votes to Force Public Companies to Disclose Mythical GHG Risks). Companies will have to pretend they care about supposed man-caused global warming and cook up hokey methods for evaluating how much carbon dioxide not just their own company, but their customers “emit” into the air when using a company’s products (so-called Scope 3 emissions). It’s an attempt to totally control businesses without actually owning them (Communism, or owning the means of production, without actually calling it that). West Virginia Joe Manchin is fighting against this insanity.
    Read More “Manchin Opposes SEC’s Onerous New Climate Reporting Regs”

  • Industrywide Issues | Pipelines | Regulation

    Biden Admin Attacks NatGas – Refuses to Pause Gathering Pipe Regs

    April 5, 2022April 5, 2022

    We keep hearing how much Joe Biden now loves natural gas. He promised Europe the U.S. would send the Continent an extra 15 bcm (billion cubic meters) of natural gas this year (see U.S. & Europe Announce New LNG Deal – Very Light on Details). Yet the Biden administration’s actions belie their words of support for natural gas. Example: Last year the Bidenistas initiated a massive power grab of transferring the right of individual states to regulate local natural gas gathering pipelines to the federal government, which is set to happen on May 16 of this year (see Massive Power Grab Proposed by Biden DOT: Regulate Gathering Lines). The oil and gas industry asked Biden to pause the power grab by 3-5 years. The Bidenistas have just rejected that request, proving once again they are willing to stab natural gas in the back, rather than support it.
    Read More “Biden Admin Attacks NatGas – Refuses to Pause Gathering Pipe Regs”

  • Electrical Generation | Industrywide Issues | Pennsylvania | Regulation | Statewide PA

    PA Senate Fails to Override Wolf Veto of RGGI Carbon Tax Bill

    April 5, 2022April 5, 2022

    Yesterday the Pennsylvania State Senate failed to override a veto of Gov. Tom Wolf of a resolution that would have stopped PA from entering the so-called Regional Greenhouse Gas Initiative (RGGI), an obscene carbon tax scheme. The override failed by a single vote. Wolf’s patsy, Dept. of Environmental Protection Secretary Pat McDonnell, gushed that he was “pleased” with the failure of the override. What happens now? A lawsuit lingers that can still block RGGI, but if that doesn’t work, PA residents will begin paying MUCH higher rates (a new tax) for their electricity beginning July 1st.
    Read More “PA Senate Fails to Override Wolf Veto of RGGI Carbon Tax Bill”

  • CNG/LNG | Exporting | Industrywide Issues | Regulation

    Biden’s FERC Slams New LNG Plant Proposal Over “Enviro Justice”

    April 5, 2022April 5, 2022

    We keep hearing how the Bidenistas have softened their hardcore opposition to natural gas (and all fossil energy) given the war in Ukraine. We hear words mouthed by the administration, and Biden himself, that seems to indicate maybe, just maybe, the administration will stop its targeting of natural gas–at least for a while. And yet the actual actions we see coming from the administration, like the actions of the Bidenistas at the Federal Energy Regulatory Commission (FERC), say otherwise. Example: Biden’s FERC recently released a draft environmental impact statement (EIS) for the Commonwealth LNG export facility located in Louisiana (full copy below). The draft EIS says the facility will have “significant impacts” on so-called “environmental justice communities.” That’s a loud and clear signal that this much-needed LNG project will have trouble getting approved by the hardcore leftists at Biden’s FERC.
    Read More “Biden’s FERC Slams New LNG Plant Proposal Over “Enviro Justice””

  • Anti-Drilling/Fossil Fuel | Hydrogen | Industrywide Issues | Research

    Antis Begin to Turn Against Blending Hydrogen in NatGas Pipes

    April 5, 2022April 5, 2022

    You can’t escape mainstream media, and even many in the oil and gas industry, talking about hydrogen. The word is whispered in hallowed tones like a magic talisman. The “future of energy” is (shhhh) hydrogen, we are told. Even anti-fossil fuel cultists love hydrogen, albeit they are prejudiced–they only like certain colors of hydrogen (see Experts Say Forget About Hydrogen “Color” – Just Use & Develop It). However, some antis are now saying hydrogen flowing through existing pipelines and mixed with natural gas to be burned to heat homes or produce electricity in an attempt to lower carbon emissions…won’t work. It’s all just a pipe dream. Those who lead the anti-fossil energy movement are beginning to turn against hydrogen. The vast majority of “me too” cultists who follow them won’t be far behind.
    Read More “Antis Begin to Turn Against Blending Hydrogen in NatGas Pipes”

  • Best of the Rest

    Other Stories of Interest: Tue, Apr 5, 2022

    April 5, 2022April 5, 2022

    MARCELLUS/UTICA REGION: Murrysville marks site of natural gas discovery; NATIONAL: LNG services provider Excelerate Energy sets terms for $360 million IPO; Biden’s wasteful SPR release; Stopping natural gas pipelines yields tiny carbon cut; INTERNATIONAL: Global oil supply, demand & prices become clear despite the fog of war.
    Read More “Other Stories of Interest: Tue, Apr 5, 2022”

  • Industrywide Issues | Regulation | Statewide WV | West Virginia

    WV Bill Targeting Anti-Fossil Fuel Banks, Investors Becomes Law

    April 4, 2022April 4, 2022

    In January a new bill was introduced in the West Virginia Senate requiring the entire state government, all of the various state agencies and governmental departments, to stop doing business with any bank or investment firm that refuses to support coal, oil, and natural gas companies (see WV Bill Bans Using Banks, Investment Cos that Divest Fossil Fuels). We are delighted to report that Senate Bill (SB) 262, which passed both the WV Senate and the House in March, was signed into law by WV Gov. Jim Justice last week. It’s now time to start defunding the defunders! The next step: Creating a list of companies WV will no longer do business with. They’re makin’ a list, checkin’ it twice. Gonna find out who’s naughty or nice.
    Read More “WV Bill Targeting Anti-Fossil Fuel Banks, Investors Becomes Law”

  • Industrywide Issues | Research

    M-U Drillers Increase Capex for 2022, but Hold Production Even

    April 4, 2022April 4, 2022

    RBN Energy took the opportunity of Joe Biden’s big announcement last week (that he will release 1 million gallons of oil per day for the next 180 days) to revisit plans by 40+ crude and natural gas producers for 2022. How much will they spend on drilling this year? And how much will they produce this year? The RBN analysis, especially for the gas-focused sector (largely Marcellus/Utica companies) sees a rise in capital expenditures for drilling this year, but production itself is not predicted to rise all that much. For M-U companies, capex is predicted to increase by 32%, but production only by 10%. However, both of those numbers are somewhat misleading and overestimated.
    Read More “M-U Drillers Increase Capex for 2022, but Hold Production Even”

  • Energy Services | Equitrans/EQT Midstream | Industrywide Issues | Litigation | Pipelines | Regulation | Statewide WV | West Virginia

    WV Sen. Capito Joins Joe Manchin in Pushing to Complete MVP ASAP

    April 4, 2022April 4, 2022
    Senator Shelly Moore Capito

    West Virginia Senator Joe Manchin, a Democrat, has (for months) forcefully pushed the issue of completing the 94% completed Mountain Valley Pipeline (MVP) project, a 303-mile pipeline from WV into Virginia. Manchin recently let all five Federal Energy Regulatory Commission (FERC) commissioners know of his displeasure that this project, along with other pipeline projects, is delayed (see U.S. Sen. Manchin Rips FERC Commissioners Over Climate Policies). Manchin also told FERC Chairman Richard “Dick” Glick to “do his damn job” with respect to approving natural gas pipelines like MVP (see Joe Manchin Tells (Off) Dick Glick: “Do Your Damn Job!” re Pipes). WV’s other U.S. Senator, Shelley Moore Capito (a Republican), is finally getting into the act too.
    Read More “WV Sen. Capito Joins Joe Manchin in Pushing to Complete MVP ASAP”

  • Anti-Drilling/Fossil Fuel | Columbia Pipeline Group | Energy Services | Industrywide Issues | Pipelines | Regulation | TC Energy/TransCanada | Transco | Williams

    Biden EPA Bashes Two Southeast Virginia Pipeline Projects at FERC

    April 4, 2022April 4, 2022

    In July 2020 Dominion Energy announced it was canceling the Atlantic Coast Pipeline (ACP)–a 600-mile Marcellus/Utica pipeline project from West Virginia through Virginia and into North Carolina (see Dominion Cancels Atlantic Coast Pipe, Sells Pipe Biz for $9.7B). Two very small and separate pipeline upgrade projects in southeast Virginia proposed in December 2021 would substitute, at least to some degree, for the absent gas volumes from ACP. However, the Biden EPA is bashing both projects based on irrational global warming fears. Another attack of the Bidenistas against the oil and gas industry.
    Read More “Biden EPA Bashes Two Southeast Virginia Pipeline Projects at FERC”

  • Bradford County | CNG/LNG | Energy Services | Exporting | Industrywide Issues | New Fortress Energy | Pennsylvania

    New Fortress Building LNG Offshore La. Instead of Onshore Pa.

    April 4, 2022April 4, 2022

    Two weeks ago MDN brought you the news that New Fortress Energy has withdrawn a request to extend a previously-issued permit required to build an onshore LNG liquefaction plant in Wyalusing (Bradford County), PA (see NFE Caves to Radicals, “Pulls the Plug” on Wyalusing, PA LNG Plant). Now comes word that NFE will instead build an offshore LNG facility in the Gulf of Mexico, and it will be built and in operation next year! What really happened in PA, and why is NFE investing in the Gulf instead?
    Read More “New Fortress Building LNG Offshore La. Instead of Onshore Pa.”

  • Hydraulic Fracturing | Industrywide Issues | Ohio | Research | Statewide OH

    Ohio Prof Gets Patent on Getting More O&G from Zipper Fracks

    April 4, 2022April 4, 2022
    Schematic diagram of zipper-fracturing

    A professor and inventor at Marietta College, along with two other inventors, have received U.S. patents for two procedures that increase oil and natural gas recovery from shale reservoirs and sandstone reservoirs. Optimized Zipper Frac increases hydrocarbon recovery from shale plays by using “ballooned fractures to create stress shadows that minimize stress anisotropy and thereby maximize near-wellbore complexity and production rate.” Er, right. Did you understand that? No, we didn’t either.
    Read More “Ohio Prof Gets Patent on Getting More O&G from Zipper Fracks”

  • CNG/LNG | Exporting | Industrywide Issues

    LNG Exports Hit Record High in March – 65% Head to Europe

    April 4, 2022April 20, 2022

    Reuters is reporting that in March, U.S. LNG exports rose by 16% to a brand new, all-time high of 7.43 million tonnes. Running the calculations, that converts to 371.5 billion cubic feet (Bcf), or roughly 12 Bcf per day. Here’s a question: How much of that 12 Bcf/d that was exported comes from the Marcellus/Utica?
    Read More “LNG Exports Hit Record High in March – 65% Head to Europe”

  • Best of the Rest

    Other Stories of Interest: Mon, Apr 4, 2022

    April 4, 2022April 4, 2022

    MARCELLUS/UTICA REGION: Russia-Ukraine war puts spotlight on 3 natural gas explorers; NATIONAL: Private oil company values are readying for take off while publics remain on runway; Supply chain woes, inflation crimp U.S. producers’ growth potential.
    Read More “Other Stories of Interest: Mon, Apr 4, 2022”

  • Ascent Resources | Energy Companies | Ohio | Statewide OH

    Ohio’s Largest Shale Driller, Ascent Resources, Preps for IPO

    April 1, 2022April 1, 2022

    On Monday MDN brought you big news from Bloomberg that Gulfport Energy is in talks with Ascent Resources to merge (see Rumor: Gulfport Energy in Talks to Merge with Ascent Resources). Here it is, the end of the week, and we have a new rumor to share, this one from the more-reliable Reuters news service. Super secret sources tell Reuters that privately-held Ascent, Ohio’s largest natural gas producer and the 8th largest natural gas producer in the U.S., is getting ready to go public with an initial public offering (IPO).
    Read More “Ohio’s Largest Shale Driller, Ascent Resources, Preps for IPO”

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