O&G Expert Says Recent FERC Rules on Global Warming Not End of Pipes
A former wind lobbyist and friend of Chuck Schumer, Richard “Dick” Glick, took over as chairman of the Federal Energy Regulatory Commission (FERC) under Joe Biden. Glick is a radical leftist, a swamp-dwelling D.C. Democrat. Under his oversight, the five-member FERC board (three Democrats, two Republicans) voted 3-2 in February to begin using global warming factors when reviewing new natural gas pipeline projects (see FERC Democrats Ram Thru Global Warming Policy for Pipe Decisions). There was swift criticism of Glick’s move to block new gas pipelines by using so-called global warming concerns. However, one energy expert, RBN Energy, says maybe the new rules Dick Glick implemented won’t result in all that much of a change.
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Just ahead of President Joe Biden’s State of the Union speech last night, the American Petroleum Institute (API) released the results of a nationwide survey. The poll results may astonish you. Given the constant drumbeat of Democrat mainstream media that fossil fuels are almost dead and the renewable nirvana future is dawning, the survey finds a completely different take on energy by the American public–both Democrats and Republicans (and Independents). The survey says the vast majority of Americans *want* more oil and gas drilling–right here at home. And that includes a majority in the Democrat Party.
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Last 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 
Last August, PTT Global Chemical finally came clean and admitted there will be no final investment decision (FID) to build a $10 billion ethane cracker plant project in Belmont County, OH, until they secure a partner to help finance the project (see 
Using investment capital from Preferred Capital Securities, WhiteHawk Energy is buying mineral and royalty rights in southwestern Pennsylvania, primarily in Washington and Green counties, for $52.5 million. The assets include production and cash flow from over 950 horizontal Marcellus Shale wells. The wells are operated by EQT, CNX Resources, and Range Resources.
Two Pennsylvania Senators, Gene Yaw (Lycoming County) and John Yudichak (Luzerne County) have sent a letter to the state’s Independent Fiscal Office (IFO) asking the IFO to audit the modeling done by the inept Dept. of Environmental Protection (DEP) with respect to the price of credits being sold under the RGGI carbon tax scheme. PA Gov. Wolf intends to force the state, against the will of the people (i.e. the legislature that represents the people) to join RGGI, which slaps in insanely high carbon tax on all coal- and Marcellus gas-fired power plants. Yaw and Yudichak believe the DEP fudged the numbers with their original estimates of how much so-called RGGI credits cost. The senators want a neutral, independent third party to analyze the analysis done by the DEP.
Two years ago Yale University sold off its $80 million equity stake in Marcellus/Utica fracker Antero Resources. You know, Antero is an evil fossil fuel company and the woke children attending Yale demanded divestment. But a funny thing happened on the way to the forum… according to Yale University’s latest 13F form filed with the Securities and Exchange Commission, as of Dec. 31, 2021, the University owns $41 million of Antero Resources stock once again!
Southwestern Energy, which has become a natural gas-producing behemoth second only to EQT Corporation, issued its fourth quarter and full-year 2021 update on Friday. The company also issued projections for 2022. Southwestern produced 4.27 Bcfe/d (billion cubic feet equivalent per day) of natural gas and equivalents in 4Q21 across both plays where it operates–the Marcellus/Utica in the northeast and the Haynesville in the Gulf Coast region. Of that 4.27 Bcfe/d, some 3.14 Bcfe/d (74%) came from the M-U.
The West Virginia State Legislature passed House Bill (HB) 2581 on the last day of the annual WV legislative session in April 2021. HB 2581 required the State Tax Commissioner to develop a revised methodology to value oil and natural gas properties for the purposes of assessing property taxes. The State Tax Department submitted an emergency rule last summer that was, quite frankly, a mess. The rule created 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 this year. Last week the WV House of Delegates worked on and pushed along a compromise bill to try and fix the mess created last year (see 
In May 2017, Murrysville Township (Westmoreland County) struck a zoning compromise with local drillers on the distance of setbacks (see