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  • Best of the Rest

    Other Stories of Interest: Tue, Oct 5, 2021

    October 5, 2021October 5, 2021

    MARCELLUS/UTICA REGION: NY Gov. Hochul appoints EDF Radical to head PSC; OTHER U.S. REGIONS: Opponents of a new Connecticut natural gas plant will keep fighting despite a court loss; Columnist earned over $260k from Dominion while writing newspaper editorials about them; NATIONAL: Stonepeak to buy Teekay for $1.5B; Global natgas price surge looms for United States this winter; Biden caught flatfooted by skyrocketing oil prices; INTERNATIONAL: Oil surged to 2014 levels Monday; Analysts release latest oil price forecasts; LNG sellers seek credit letters as gas price spike stretches credit limits; China pulls out all stops to prevent winter energy crisis.
    Read More “Other Stories of Interest: Tue, Oct 5, 2021”

  • Coterra Energy (Cabot O&G) | Energy Companies | Industrywide Issues | M&A

    Cimarex Takes Over Cabot, Merged Co. Called “Coterra Energy”

    October 4, 2021October 4, 2021

    Sadly, Cabot Oil & Gas is no more. On Friday the company was merged into Cimarex Energy with Cabot’s CEO Dan Dinges taking on the largely ceremonial role of “Executive Chairman” while Cimarex’s CEO Tom Jorden becomes the actual leader (CEO, President, Director) of the newly merged company, now called Coterra Energy, Inc. Coterra’s common stock will begin trading today on the New York Stock Exchange under the ticker symbol “CTRA.”
    Read More “Cimarex Takes Over Cabot, Merged Co. Called “Coterra Energy””

  • Anti-Drilling/Fossil Fuel | Electrical Generation | Industrywide Issues | Pennsylvania | Regulation | Washington County

    Antis Defeat SWPA Beech Hollow Gas-Fired Power Plant Project

    October 4, 2021October 4, 2021

    Just two weeks ago MDN told you that Robinson Power Company LLC planned to resume construction of the Beech Hollow Power Plant in Robinson Township (Washington County), PA, a 1,000-megawatt Marcellus-fired project (see SWPA Beech Hollow Power Plant Begins Construction – Radicals Oppose). Leftwing radicals at the Clean Air Council (located on the other side of the state, in Philadelphia) challenged a permit by the DEP to allow Robinson Power to resume construction. And just like that, Robinson Power has folded, withdrawing the permit. The project is now canceled. Dead. Score another victory for the forces of evil. Millions of dollars in investment and hundreds of jobs–gone.
    Read More “Antis Defeat SWPA Beech Hollow Gas-Fired Power Plant Project”

  • Industrywide Issues | Ohio | Pipelines | Statewide OH | Union County

    Ohio Power Siting Board Approves Columbia Gas Northern Loop Pipe

    October 4, 2021October 4, 2021

    The Ohio Power Siting Board recently approved a new, tiny 16-mile pipeline project in the suburbs of Columbus, Ohio called the Columbia Gas Northern Loop Project. According to Columbia Gas, communities north and west of Columbus are thriving. Since the 1990s, Columbia has expanded its system to keep service reliable by bringing gas from the west and south. However, they are reaching the limits of what’s possible with the existing gas system. A new supply of gas is urgently needed to maintain reliable service in this area. The Northern Loop Project will meet this demand by connecting to gas supplies on the east side of Columbus.
    Read More “Ohio Power Siting Board Approves Columbia Gas Northern Loop Pipe”

  • Industrywide Issues | Pennsylvania | Pipelines | Statewide PA

    Does PennEast Pipe Cancellation Does Affect Adelphia Gateway Pipe?

    October 4, 2021October 4, 2021
    click for larger version

    New Jersey Resources’ Adelphia Gateway project is a plan to convert an old oil pipeline stretching from Northampton County, PA through Bucks, Montgomery, and Chester counties, terminating in Delaware County at Marcus Hook, into a natural gas pipeline. Does the cancellation of the PennEast Pipeline have any ramifications for finishing Adelphia Gateway? Fortunately, no…
    Read More “Does PennEast Pipe Cancellation Does Affect Adelphia Gateway Pipe?”

  • Energy Companies | EQT Corp | Industrywide Issues | Lease & Royalty Payments | Litigation | Pennsylvania | Statewide PA

    No Response Yet from EQT re Class Action for Nonpayment of Royalties

    October 4, 2021October 4, 2021

    Last week MDN was (as far as we can tell) the first to bring you news of a new lawsuit filed in Allegheny County Court of Common Pleas against EQT alleging the company had not made required royalty payments to at least two residents, and likely many more residents (see Class Action Lawsuit Filed Against EQT for Nonpayment of Royalties). In a follow-up to that post, we spotted an interview with the attorneys filing the lawsuit who say the issue of not tracking down and paying those with a mineral rights interest is “an extraordinarily widespread problem” in PA, and that there are “thousands” of rights owners in PA owed money by EQT.
    Read More “No Response Yet from EQT re Class Action for Nonpayment of Royalties”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues | Regulation | Taxation

    Shale-Killing Biden Methane Tax Will Cut 90K Jobs, $9B from GDP

    October 4, 2021October 4, 2021

    The American Exploration & Production Council (AXPC), which represents major oil and gas companies across the country, including many of the top producers in the Marcellus/Utica, is sounding the alarm that Joe Biden’s massive multi-trillion dollar reconciliation bill will destroy 90,000 jobs in the O&G industry and trim $9 billion out of the country’s Gross Domestic Product (GDP). The Democrat Party aims to destroy fossil fuels and the $3.5 trillion (or $1 trillion or whatever it ends up being) so-called reconciliation bill is designed to do just that.
    Read More “Shale-Killing Biden Methane Tax Will Cut 90K Jobs, $9B from GDP”

  • Alternative Energy | Carbon Capture | Hydrogen | Industrywide Issues | Regulation | Research

    NETL’s Brian Anderson Continues to Push Biden Anti-Fossil Fuel Plan

    October 4, 2021October 4, 2021

    Brian Anderson is director of the National Energy Technology Laboratory (NETL) and now the head of the Biden administration’s Interagency Working Group on Coal and Power Plant Communities and Economic Revitalization, an effort to kill the use of fossil fuels (see NETL Flacks for Biden’s Kill Fossil Fuels Plan at M-U Event). We like Anderson and his role at NETL. We don’t like his new role of pimping for the Biden administration’s aim to end fossil fuels, which he did again in an interview with The Dominion Post.
    Read More “NETL’s Brian Anderson Continues to Push Biden Anti-Fossil Fuel Plan”

  • Best of the Rest

    Other Stories of Interest: Mon, Oct 4, 2021

    October 4, 2021October 4, 2021

    MARCELLUS/UTICA REGION: Why do Pennsylvanians pay higher price for energy?; Attacking energy industry means more inflation, higher gas prices for OH families; NATIONAL: Bill would reverse Biden’s unconstitutional vaccine mandate; Manchin clashes with fellow Democrats over fossil-fuel demands; Fossil fuel demand shakes off pandemic in blow to climate fight; Winter is coming: can energy catastrophe be averted?; INTERNATIONAL: U.S., international gas markets strap in for wild winter ride.
    Read More “Other Stories of Interest: Mon, Oct 4, 2021”

  • Energy Companies | EQT Corp | Industrywide Issues | Litigation | Pennsylvania | Statewide PA | Storage

    PA Landowners Get Class Action OK’d Against EQT re Gas Storage

    October 1, 2021October 1, 2021

    In July 2018, a group of 100+ southwestern Pennsylvania landowners sued EQT for failure to pay them rental fees for storing natural gas under their properties (see 100+ PA Landowners Sue EQT re Gas Storage Field Payments). In July 2019, that same group filed a request in U.S. District Court to upgrade the lawsuit to class action status, potentially including thousands of affected landowners (see PA Landowners Seek Class Action Against EQT re Gas Storage). Good news (for the landowners): The judge in the case agrees with their petition and is upgrading the case to class action status.
    Read More “PA Landowners Get Class Action OK’d Against EQT re Gas Storage”

  • CNG/LNG | Industrywide Issues | Regulation

    State Board Approves LNG Liquefaction Plant in Central Massachusetts

    October 1, 2021October 1, 2021
    Northeast Energy Center, LLC, plans a $100 million LNG plant in Charlton. (Liberty Energy Trust)

    In November 2018 MDN told you that Northeast Energy Center, backed by Liberty Energy and NorthStar Industries, is proposing to build an LNG liquefaction plant in central Massachusetts (see LNG Liquefaction Plant May be Coming to Central Massachusetts). The plan is to connect to the Tennessee Gas Pipeline and chill natural gas into LNG for delivery to businesses and organizations like hospitals that are not connected to a natgas pipeline but want to use this cheaper, cleaner-burning fuel source. Good news: On Sept. 20, the Massachusetts Energy Facilities Siting Board tentatively approved plans for the facility. A final approval may come next week.
    Read More “State Board Approves LNG Liquefaction Plant in Central Massachusetts”

  • Industrywide Issues | Regulation

    Biden’s Forced Vaccine Mandate Causing Labor Problems in O&G

    October 1, 2021October 1, 2021

    Our federal government is out of control under the doddering Joe Biden and those who pull his strings. Earlier this month Biden directed the Occupational Safety and Health Administration (OSHA) to impose a mandate on all employers with 100 or more workers that forces employers to either ensure workers are vaccinated against COVID-19, or tested weekly. This kind of government coercion is not acceptable. It’s having a big impact on the oil and gas industry where vaccination rates are lower than the general population.
    Read More “Biden’s Forced Vaccine Mandate Causing Labor Problems in O&G”

  • Industrywide Issues | Pipelines | Regulation

    FERC’s Glick Offers Pathetic Excuse for Rejecting New Pipelines

    October 1, 2021October 1, 2021

    Federal Energy Regulatory Commission (FERC) Chairman Richard “Dick” Glick, in a letter to a Republican Senator, threw his fellow FERC members (Republicans) under the bus, accusing them of “cutting corners” over the past several years when Republicans held a majority on the commission. Glick’s comments are beneath contempt. Glick votes against all new natural gas projects (pipelines in particular) because he thinks they cause catastrophic global warming. He uses cherry-picked court decisions as his justification for rejecting gas-related projects. Pathetic.
    Read More “FERC’s Glick Offers Pathetic Excuse for Rejecting New Pipelines”

  • CNG/LNG | Commodity Price | Industrywide Issues

    LNG Price in Asia Goes Nuts, Cargoes Fetching Record $34.47/MMBtu

    October 1, 2021April 20, 2022

    Spot Asia-Pacific LNG prices hit a record high yesterday on “persistent supply constraints in global gas markets” and “strong winter restocking demand among Asian end-users.” The S&P Global Platts JKM price for November hit $34.47/MMBtu, the highest level for the Asian spot LNG price since it was launched in early 2009. Some Marcellus/Utica LNG goes to Asia, although most of it is under long-term contracts at much lower prices.
    Read More “LNG Price in Asia Goes Nuts, Cargoes Fetching Record $34.47/MMBtu”

  • Commodity Price | Industrywide Issues

    Some Traders Betting on $40/MMBtu U.S. Natural Gas

    October 1, 2021October 1, 2021

    Today we have a post about the spot price of LNG in Asia (JKM price) going nuts and closing at the highest price it has ever been at $34.47/MMBtu. Natgas traders in this country are taking notice. In fact, some traders are making what amounts to a gamble by buying NYMEX futures for March 2022 that projects the price to be $40/MMBtu! It’s a long shot to be sure, but the fact there are people laying down good money for such trades is noteworthy.
    Read More “Some Traders Betting on $40/MMBtu U.S. Natural Gas”

  • Industrywide Issues | Research

    Enverus Rig Count @ 640 (+9); Marcellus @ 34 (-1), Utica @ 10 (+0)

    October 1, 2021April 20, 2022

    The latest weekly Enverus U.S. rig count shows total rigs in use hitting another new post-pandemic high. For the week ending September 29, the rig count stood at 640, up 9 rigs from the previous week. That’s a new high since the beginning of the pandemic in April 2020. The Marcellus lost one rig (now at 34 active rigs) while the Utica stayed even from the previous week (10 active rigs). However, the Utica is down from two weeks ago when it operated 12 rigs. Collectively the M-U currently operates 44 rigs.
    Read More “Enverus Rig Count @ 640 (+9); Marcellus @ 34 (-1), Utica @ 10 (+0)”

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