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Marcellus Drilling News
  • Energy Services | ESG | Industrywide Issues | Kinder Morgan | Pipelines | Tennessee Gas Pipeline

    Controversy Erupts Over TGP’s Responsible Gas Pooling Service

    January 24, 2022January 24, 2022

    In December, Tennessee Gas Pipeline (TGP), a subsidiary of Kinder Morgan, filed a proposal with the Federal Energy Regulatory Commission (FERC) to implement a “responsibly sourced natural gas (RSG) supply aggregation pooling service” at select locations across the TGP system (see Tennessee Gas Pipeline Announces Responsible Gas Pooling Service). Utilities and other buyers will be able to buy RSG-certified natural gas for their customers, costing them more money. The TGP proposal at FERC is getting serious pushback from both Big Oil companies and some smaller independents.
    Read More “Controversy Erupts Over TGP’s Responsible Gas Pooling Service”

  • Chesapeake Energy | Chief Oil & Gas | CNX Resources | Coterra Energy (Cabot O&G) | Energy Companies | EQT Corp | HG Energy | Industrywide Issues | M&A | Range Resources Corp | Seneca Resources | Southwestern Energy | Tug Hill Operating

    More M&A Coming to M-U in 2022? List of the Hunters & the Hunted

    January 24, 2022January 24, 2022

    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…
    Read More “More M&A Coming to M-U in 2022? List of the Hunters & the Hunted”

  • Anti-Drilling/Fossil Fuel | DTE Energy | Enbridge | Energy Services | Industrywide Issues | Litigation | Lorain County | Ohio | Pipelines | Statewide OH

    DC Circuit Signals NEXUS Pipe Approval by FERC was Righteous

    January 24, 2022January 24, 2022

    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 Oberlin, OH Still Fighting to Shut Down Long-Running NEXUS Pipe). Big Green/Oberlin claims FERC’s approval of NEXUS was faulty because some gas gets exported to Canada and is not “in the public interest.”
    Read More “DC Circuit Signals NEXUS Pipe Approval by FERC was Righteous”

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

    PA Republicans Say Fight to Block RGGI Carbon Tax “Far from Over”

    January 24, 2022January 24, 2022

    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 PA Gov. Wolf Vetoes Bill that Would Block Obscene RGGI Carbon Tax). Wolf wants to tax coal and natural gas-fired power plants out of existence in the state, and rake in billions in tax revenues before the plants eventually go under. Death by taxation. Republicans in the state legislature are vowing to mount a serious effort to override Wolf’s veto. And if that doesn’t work…
    Read More “PA Republicans Say Fight to Block RGGI Carbon Tax “Far from Over””

  • Industrywide Issues | Research

    EIA Predicts U.S. NatGas Production Up 3% in 2022, 2% in 2023

    January 24, 2022January 24, 2022

    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.
    Read More “EIA Predicts U.S. NatGas Production Up 3% in 2022, 2% in 2023”

  • Industrywide Issues | Pipelines | Regulation

    Hearing Addresses Democrat Plan to Expand FERC’s Pipe Powers

    January 24, 2022January 24, 2022

    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?
    Read More “Hearing Addresses Democrat Plan to Expand FERC’s Pipe Powers”

  • Best of the Rest

    Other Stories of Interest: Mon, Jan 24, 2022

    January 24, 2022January 24, 2022

    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.
    Read More “Other Stories of Interest: Mon, Jan 24, 2022”

  • Anti-Drilling/Fossil Fuel | Enbridge | Energy Services | Industrywide Issues | Pipelines | Regulation

    Victory! FERC Won’t Shut Down Weymouth, MA Compressor Station

    January 21, 2022January 21, 2022

    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 Weymouth, MA Compressor Station Now Online – Will it Stay Online?). Radicalized anti-fossil fuelers fought to close it down. They lost–we won.
    Read More “Victory! FERC Won’t Shut Down Weymouth, MA Compressor Station”

  • Industrywide Issues | Regulation | Statewide WV | West Virginia

    WV Bill Bans Using Banks, Investment Cos that Divest Fossil Fuels

    January 21, 2022January 21, 2022

    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 Hooray! WV Fights Back, State Drops Investments with BlackRock Fund). WV is divesting from the divestors. But it’s not stopping there with just the Board of Treasury Investments. A new WV Senate bill is now circulating (gaining rapid support) that requires the entire state, all of the various state agencies and governmental departments, to follow suit and stop doing business with any bank or investment firm that refuses to support coal, oil, and natural gas companies.
    Read More “WV Bill Bans Using Banks, Investment Cos that Divest Fossil Fuels”

  • Butler County | Energy Companies | Industrywide Issues | Litigation | PennEnergy Resources | Pennsylvania | Pipelines

    PA Couple Sue Penn Energy for Trespass re Gathering Pipeline

    January 21, 2022April 20, 2022

    Just coming to light now: A couple who live in Butler County (western Pennsylvania) filed a lawsuit on January 3rd against PennEnergy Resources claiming the company built a gathering pipeline across their property without their permission in early 2020. Joseph and Michelle Zandarski, who live in the town of Cabot, filed the lawsuit in the Allgheny Court of Common Pleas.
    Read More “PA Couple Sue Penn Energy for Trespass re Gathering Pipeline”

  • Anti-Drilling/Fossil Fuel | Energy Services | Equitrans/EQT Midstream | Industrywide Issues | Litigation | North Carolina | Pipelines | Statewide VA | Virginia

    DC Fed Appeals Court Signals Support for MVP Southgate Pipeline

    January 21, 2022January 21, 2022
    click for larger version

    Mountain Valley Pipeline (MVP) is a 303-mile pipeline from West Virginia to southern Virginia that is 94% complete (in-the-ground). The pipeline is targeted to be in-service later this year. MVP Southgate is an extension to MVP that will travel an additional 75 miles from southern Virginia (where the current MVP terminates) into North Carolina. MVP Southgate has not yet broken ground. The project has been opposed by North Carolina and the same mish-mash of “environmental” groups that opposed MVP. Some of those groups appealed a decision by the Federal Energy Regulatory Commission (FERC) to issue a permit for the project. A virtual hearing in the case on Wednesday didn’t go the way antis wanted.
    Read More “DC Fed Appeals Court Signals Support for MVP Southgate Pipeline”

  • Energy Companies | Questerre Energy

    Questerre Finds Way to Circumvent Quebec’s Utica Drilling Ban

    January 21, 2022January 21, 2022

    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 Lights Out for All O&G Production in Quebec, Including Utica Shale). It’s all being shut down–including actively producing wells. Questerre Energy Corp., which owns more than one million acres of Utica Shale leases in Quebec, may have just found a way around Quebec’s oil and gas drilling ban.
    Read More “Questerre Finds Way to Circumvent Quebec’s Utica Drilling Ban”

  • Industrywide Issues | Research

    Enverus Rig Count @ 725 (+3), Highest No. of Rigs Since March 2020

    January 21, 2022April 20, 2022

    For the week ending Jan. 20, the Enverus U.S. oil and gas rig count increased by another three for the week, now up to 725. That’s the highest active rig count since March 2020 when the worldwide coronavirus pandemic crushed demand and began the rapid decline in rigs. The Marcellus gained one rig for 40 active rigs, while the Utica stayed even with 11 active rigs. Combined the M-U had 51 active rigs last week–the most since prior to the pandemic.
    Read More “Enverus Rig Count @ 725 (+3), Highest No. of Rigs Since March 2020”

  • Best of the Rest

    Other Stories of Interest: Fri, Jan 21, 2022

    January 21, 2022January 21, 2022

    NATIONAL: To address supply shortages, stop restricting O&G on fed lands; US LNG exports down from last week; U.S. crude exports ramp up as global demand recovers; Lawsuit alleges Tellurian chief defrauded investor in short-seller battle; INTERNATIONAL: Current energy crisis confronts Net Zero-loving elites with the stark reality; Linde starts up ‘world’s first’ plant for extracting hydrogen from natgas.
    Read More “Other Stories of Interest: Fri, Jan 21, 2022”

  • Chesapeake Energy | Chief Oil & Gas | Energy Companies | Industrywide Issues | M&A | Pennsylvania | Statewide PA

    Stop Press! Chesapeake Energy in “Advanced Talks” to Buy Chief O&G

    January 20, 2022January 20, 2022

    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 Big News: Marcellus Driller Chief Oil & Gas Shopping Itself for $3B). It appears Chief may have found a buyer…
    Read More “Stop Press! Chesapeake Energy in “Advanced Talks” to Buy Chief O&G”

  • Bradford County | Energy Companies | Industrywide Issues | Lycoming County | M&A | Pennsylvania | Repsol | Rockdale | Tioga County (PA)

    Sale of Rockdale PA Assets to Repsol Closes – $220M Cash, $2M Debt

    January 20, 2022January 20, 2022

    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 NEPA Driller Rockdale Marcellus Files for Chapter 11 Bankruptcy). Earlier this month we told you that Repsol had won an auction to buy the assets for $220 million in cash, plus the assumption of $2 million in debt owed to trade creditors (see Repsol Buys Rockdale PA Assets Out of Bankruptcy for $222M). The deal was sealed yesterday. Repsol now owns Rockdale’s 66 producing wells on 42,897 net acres in three northeast PA counties producing ~110 Mmcf/d (million cubic feet per day).
    Read More “Sale of Rockdale PA Assets to Repsol Closes – $220M Cash, $2M Debt”

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