MVP Seeks to Unmask Those Behind Anti-Pipe Facebook Group
Antis love to work in anonymity. Some of them anyway. They love to anonymously lob lies and smears on Facebook and Twitter and other social media platforms about projects like the 303-mile Mountain Valley Pipeline (MVP) project. Just who is behind those social media accounts? MVP wants to know and has filed a subpoena in federal court asking Facebook to disclose who is behind the Facebook group Appalachians Against Pipelines. Facebook is only too happy to block conservative groups, but for some strange reason, Facebook likes to protect leftists. It’s called censorship and under our Constitution should be illegal. We’ll see if Facebook complies with the court order to disclose the identities of those behind the anti-MVP group.
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Not only is the $1.5 trillion infrastructure bill bad for the country (see
A group of some 200 oil and gas executives and “bitcoin miners” mixed, mingled, drank beer, and talked shop on a recent Wednesday night in August in Houston, Texas. The main topic of discussion: Using “stranded” natural gas to power bitcoin mining rigs, which reduces greenhouse gas emissions and makes money for the gas providers, as well as the miners. Bitcoin mining is becoming a big thing in the oil and gas patch. What is it?
MARCELLUS/UTICA REGION: Southwestern Energy, Williams sponsor new teaching facilities; NATIONAL: Initial Ida hit to production surpasses Katrina; How the US became the world’s LNG price setter; Advocates push White House to nominate energy regulator; Is Joe Biden killing fracking for EVs?; INTERNATIONAL: Europe faces energy price shock with gas and power at records.
The price of natural gas has almost doubled over the past year. In September 2020 the NYMEX Henry Hub price stood at $2.41/MMBtu. Yesterday the price closed at $4.64/MMBtu. Astonishing! The question keeps coming: Why is the price of natgas high and staying high, even though production in the country’s largest shale gas basin–the Marcellus/Utica–is on the rise? It’s a paradox. The short answer is that (1) production in other basins has not bounced back like the M-U following the pandemic, and (2) there is more demand, in the form of exports, for American natgas (via pipeline and LNG). Increasing demand with the same or less supply equals higher prices.
In January MDN told you that UGI Corporation, one of Pennsylvania’s largest natural gas utility companies, wants to buy Mountaineer Gas Company, one of West Virginia’s largest natural gas utility companies, for $540 million (see
Looking for a great job? Looking to work hard, but make excellent money for your hard work? If you live in Ohio, the answer to your job search lies in the oil and gas industry. The Ohio Oil and Gas Energy Education Program (OOGEEP) says there are more than 75 types of jobs in the Ohio oil and gas sector, with many jobs in welding, truck driving, and engineering. As of Aug. 19, there are 1,140 jobs available. And get this: Careers in oil and gas pay on average $30,000 more than other fields and average roughly $81,000 a year!
Whether we think it’s a good idea or not (we don’t), there is no denying that the Marcellus/Utica industry has collectively jumped off the RSG/ESG cliff. RSG stands for “responsibly sourced gas” and ESG is “environmental, social, governance.” Responding to pressure from investors and customers, most M-U drillers are now making moves to prove the natural gas they produce has been produced using practices that protect the environment. We say the gas has always been produced responsibly and we have nothing further to prove, but hey, who are we? The latest to join the crowd is Seneca Resources. The company announced yesterday will use Project Canary to certify its natural gas.
The latest weekly Enverus U.S. rig count shows total rigs regained some recently-lost ground to hit almost a new post-pandemic high. For the week ending September 2, the rig count stood at 623, up 2 rigs from the previous week. The Marcellus stayed even and the Utica lost 1 rig from the previous week. Collectively the M-U currently operates 44 rigs.
On Monday MDN told you that given supplies of natural gas going offline on the Gulf of Mexico due to Hurricane Ida, and given that the hurricane missed major LNG export facilities (meaning they will continue to operate and export gas), the price of natural gas was/is skyrocketing (see
Yesterday the Pennsylvania Independent Regulatory Review Commission (IRRC) voted to approve the final Environmental Quality Board regulation to slap an insanely high carbon tax, euphemistically called the Regional Greenhouse Gas Initiative (RGGI), on PA’s coal and natural gas-fired power plants. The partisan vote was 3-2 (Democrats voting for, Republicans against) in favor of hiking electric rates by an extra $2.36 billion over the next 10 years. Is there any way to stop Gov. Tom Wolf’s illegal entry into RGGI?
In early August MDN told you about privately-owned Penn Production Group, LLC, which concentrates on exploration and production for oil and gas in western Pennsylvania. Penn Production closed on the purchase of certain assets owned by Greylock Energy in Clearfield County, PA (see
Once again the issue of whether or not to use conventional (not shale) wastewater and its byproducts is in the news. The issue has long been debated in Pennsylvania. Earlier this week we brought you news from a recent study that finds more studies should be done on the issue of using brine wastewater to treat dusty roads in PA (see