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Marcellus Drilling News
  • Electrical Generation | Industrywide Issues | Pennsylvania | Regulation | Statewide PA

    PA Country’s #1 Electric Exporter – Threatened by Wolf Carbon Tax

    September 20, 2021September 20, 2021

    A new report from the Pennsylvania Independent Fiscal Office (IFO) shows Pennsylvania sent more than 79 million megawatt hours (MWh) of electricity to other states in 2020–by far the biggest electricity exporter in the country. And it’s mostly thanks to cheap, abundant, clean-burning natural gas. PA’s position as the number one electric exporter is now threatened by its recalcitrant Governor, Tom Wolf, who insists on forcing the state to join the Regional Greenhouse Gas Initiative (RGGI), a $2.36 billion carbon tax over the next 10 years aimed at shutting down coal and gas-fired power plants. Is Wolf certifiably insane?
    Read More “PA Country’s #1 Electric Exporter – Threatened by Wolf Carbon Tax”

  • Energy Companies | Hydraulic Fracturing | Industrywide Issues | Olympus/Huntley & Huntley | Pennsylvania | Regulation | Westmoreland County

    Westmoreland County to Sell Reservoir Water to Olympus for Fracking

    September 20, 2021September 20, 2021
    Beaver Run Reservoir

    Earlier this month MDN told you about a new/third well pad planned by Olympus Energy in Upper Burrell Township in Westmoreland County, PA that received unanimous approval by town supervisors (see Olympus Energy’s 3rd Upper Burrell Well Pad Wins Unanimous Approval). More good news for Olympus: Municipal Authority of Westmoreland County board members have voted to sell water from the Beaver Run Reservoir to Olympus so it can frack the new wells on the Upper Burrell pad.
    Read More “Westmoreland County to Sell Reservoir Water to Olympus for Fracking”

  • Electrical Generation | Industrywide Issues | Michigan

    Michigan Gas-Fired Plant Nears End of Construction, Tests Begin Oct

    September 20, 2021September 20, 2021

    Nearly 20 years ago Indeck Energy floated a plan to build an electric generating plant (powered by natural gas) in Niles, Michigan, not far from Chicago. In 2016 those plans got serious (see $1B Electric Plant Planned Near Chicago, M-U Connection?). Indeck finally held an official groundbreaking ceremony in September 2019 (see Delayed Michigan Gas-Fired Plant Finally Begins Construction). Construction is almost done and testing is set to begin in October.
    Read More “Michigan Gas-Fired Plant Nears End of Construction, Tests Begin Oct”

  • Anti-Drilling/Fossil Fuel | Energy Companies | Hydraulic Fracturing | Industrywide Issues | Lycoming County | Pennsylvania | Range Resources Corp

    New Book, NYT, Seeks to Revive Lycoming Water Contamination Claim

    September 20, 2021September 20, 2021

    A recently published book that attempts to show fracking in Lycoming County, PA area in the worst possible light, along with a section excerpted from the book running in the New York Times, once again reopens an old case that accuses Range Resources of ruining the water supply for several homes near a fracked well drilled by Range. In 2011 Range drilled and fracked the Harman Lewis Unit 1H well along Green Valley Road in Hughesville, PA. Following an investigation, the PA Dept. of Environmental Protection (DEP) slapped Range with a record $8.9 million fine in June 2015, accusing the company of faulty casing in its well, leading to methane migration that had contaminated several area water wells (see PA DEP Slaps Range with Record $8.9M Fine for Methane Migration).
    Read More “New Book, NYT, Seeks to Revive Lycoming Water Contamination Claim”

  • Electrical Generation | Industrywide Issues | Regulation | Statewide WV | West Virginia

    WV Sen Joe Manchin the Only Dem Blocking Biden’s Attack on NatGas

    September 20, 2021September 20, 2021

    We don’t often use material from the known fake news source called the New York Times, but here we are using a second article from the NYT in one day! The article (below) does its best to shred the reputation and credibility of Joe Manchin, senior U.S. Senator from West Virginia. We have to confess we’re a bit wary of Manchin given his tendency to cave under pressure and vote with the Democrat Party line. But Manchin is all that currently stands in the way of Joe Biden and the Democrat Party’s plan to eliminate natural gas (and coal), phasing both out as energy sources to produce electricity, part of the $3.5 trillion so-called budget reconciliation bill.
    Read More “WV Sen Joe Manchin the Only Dem Blocking Biden’s Attack on NatGas”

  • Industrywide Issues | Pipelines

    Natural Gas Pipelines Falling Short on Cybersecurity Protection

    September 20, 2021September 20, 2021

    Natural gas pipeline operators have some work to do to protect their pipelines (and consequently the public) from nefarious hackers who seek to shut them down. That was the upshot from a panel discussion at last week’s LDC Gas Forums Midcontinent conference in Chicago. One simple way pipelines and the customers who use them leave themselves open to attack: They don’t encrypt gas nominations.
    Read More “Natural Gas Pipelines Falling Short on Cybersecurity Protection”

  • CNG/LNG | Exporting | Industrywide Issues | Regulation

    Big Chemical Lobbies DOE to Order LNG Exports Scaled Back

    September 20, 2021September 20, 2021

    Here we go again. Although we understand self-interest and wanting to protect one’s profit margin, we continue to be distressed that some of the biggest chemical companies in the world (meaning in the U.S.) are actively trying to block LNG exports. Why? They want the natural gas they buy (in very large quantities) to be as cheap as possible. In April 2017, Big Chemical–companies like Dow Corning, BASF, Eastman Chemical and others–via their trade association Industrial Energy Consumers of America (IECA), launched an effort to try and persuade Energy Secretary Rick Perry and the Trump Administration to create barriers to exports of natural gas (see Big Chemical Selfishly Wants to Block NatGas Exports). That went nowhere, so the IECA is trying it again, this time with the Biden administration.
    Read More “Big Chemical Lobbies DOE to Order LNG Exports Scaled Back”

  • Best of the Rest

    Other Stories of Interest: Mon, Sep 20, 2021

    September 20, 2021September 20, 2021

    MARCELLUS/UTICA REGION: Tennessee Gas Pipeline incrementally adds infrastructure; OTHER U.S. REGIONS: How BP is counting on poultry litter for renewable natural gas; NATIONAL: US natural gas storage fields add more than market expects, prompting price slide; INTERNATIONAL: Biden urges world leaders to cut methane gas emissions; Gazprom denies European Parliament’s accusations of rigging gas prices.
    Read More “Other Stories of Interest: Mon, Sep 20, 2021”

  • Berkshire Hathaway | CNG/LNG | Energy Services | Industrywide Issues | Maryland

    Warren Buffett’s Cove Point LNG Closing for 3 Wks of Maintenance

    September 17, 2021September 17, 2021

    It’s that time of year again–for annual maintenance at the Cove Point LNG export plant, located on the shoreline of Maryland. The plant, built by Dominion Energy, is now controlled and operated by Berkshire Hathaway following Warren Buffett’s purchase of Dominion’s extensive pipeline network last year (see Warren Buffett’s Berkshire Hathaway Now Runs Cove Point LNG!). Cove Point will shut down for about three weeks of maintenance starting September 20th.
    Read More “Warren Buffett’s Cove Point LNG Closing for 3 Wks of Maintenance”

  • Energy Services | Equitrans/EQT Midstream | Industrywide Issues | Pipelines | Regulation

    Biden EPA, New River Gorge Concerned with Change in MVP Construction

    September 17, 2021September 17, 2021

    Exactly one month ago MDN brought you the news that the Federal Energy Regulatory Commission (FERC) has provisionally approved a request by Equitrans’ Mountain Valley Pipeline (MVP) to change the method it uses to cross 136 streams and 47 wetlands (see FERC Approves MVP Plan to Use Trenchless Water Crossings). As part of that process, FERC invites public comments on their decision. Joe Biden’s EPA and the federal New River Gorge National Park and Preserve have both expressed concerns with certain aspects of MVP’s plan.
    Read More “Biden EPA, New River Gorge Concerned with Change in MVP Construction”

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

    Proxy Advisor ISS Gives Lukewarm Approval of Cimarex/Cabot Merger

    September 17, 2021September 17, 2021

    Earlier this week MDN told you that a major national proxy advisor, Glass Lewis, is recommending shareholders from both Cimarex Energy (Permian oil driller) and Cabot Oil & Gas (Marcellus gas driller) approve a proposed merger on September 29 when they vote (see Proxy Advisor Glass Lewis in Favor of Cimarex/Cabot Merger). Another (THE other) major national proxy advisor, Institutional Shareholder Services (ISS), has now weighed in with its approval on the deal too–although ISS’s approval is decidedly lukewarm and not a full-throated endorsement of the deal.
    Read More “Proxy Advisor ISS Gives Lukewarm Approval of Cimarex/Cabot Merger”

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

    PA Senate & House Cttes Pass Resolution Against RGGI Carbon Tax

    September 17, 2021April 20, 2022

    On Tuesday the Pennsylvania Senate Environmental Resources & Energy Committee voted to approve a resolution against Gov. Tom Wolf’s cockamamie plan to force the state to join the Regional Greenhouse Gas Initiative (RGGI)–nothing more than an obscene carbon tax. A similar resolution passed the PA House Environmental Resources & Energy Committee on Sept. 2. So what happens next? Will PA actually be forced to join RGGI, severely wounding the Marcellus industry?
    Read More “PA Senate & House Cttes Pass Resolution Against RGGI Carbon Tax”

  • Commodity Price | Industrywide Issues | Storage | Weather

    The Complex World of NatGas Price, Production, Storage & Weather

    September 17, 2021September 17, 2021

    MDN editor Jim Willis has had several conversations this past week about the price of natural gas and how prices in the Marcellus/Utica are influenced by national and international events. “Is it possible,” one questioner asked, “to say that if the NYMEX price is X, then my local trading hub in the M-U will likely be X plus or minus Y?” Unfortunately, the answer is no. There is no one “price” of natural gas. The Henry Hub futures price (the NYMEX) is often quoted as “the” price, but in reality, there are hundreds/thousands of prices. Natgas is a commodity and traded at hundreds of points along major pipelines throughout the country. This post attempts to explain more about the complex landscape of what influences the price of natural gas where you are.
    Read More “The Complex World of NatGas Price, Production, Storage & Weather”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues | Litigation

    State Courts Should NOT be Making National Energy & Enviro Policy

    September 17, 2021September 17, 2021

    Lately we’ve seen multiple news articles about yet another city, or even state, that has launched a lawsuit against one or more Big Oil companies claiming their products are causing man-made global warming (an abject lie), and that those companies have known about this situation for years without doing anything about it, causing the earth to toast. Such lawsuits are not, frankly, about stopping global warming. They are about a government shakedown–politicians dipping their hands into the pockets of companies with money and stealing it. An excellent article appearing on the RealClearEnergy website describes what has been happening with these lawsuits, and why these lawsuits cannot be allowed to go forward.
    Read More “State Courts Should NOT be Making National Energy & Enviro Policy”

  • Industrywide Issues | Research

    Enverus Rig Count @ 635 (+6); Marcellus @ 34 (+2), Utica @ 12 (+0)

    September 17, 2021April 20, 2022

    The latest weekly Enverus U.S. rig count shows total rigs in use hitting a new post-pandemic high. For the week ending September 15, the rig count stood at 635, up 6 rigs from the previous week. That’s another new high since April 2020. The Marcellus gained two rigs (now at 34 active rigs) while the Utica stayed even from the previous week (12 active rigs). Collectively the M-U currently operates 46 rigs.
    Read More “Enverus Rig Count @ 635 (+6); Marcellus @ 34 (+2), Utica @ 12 (+0)”

  • Best of the Rest

    Other Stories of Interest: Fri, Sep 17, 2021

    September 17, 2021September 17, 2021

    NATIONAL: October natural gas futures backtrack following higher storage injection, cooler forecasts; Natural gas has only done this twice in the last decade, and it could mean more pain ahead; The key to U.S. domination of global natural gas markets; US natural gas storage fields add more than market expects, prompting price slide; INTERNATIONAL: Europe’s energy crisis is driving up natural gas prices worldwide; New report claims governments don’t take the climate emergency seriously; High natural gas prices lead to a shutdown of British fertilizer plants.
    Read More “Other Stories of Interest: Fri, Sep 17, 2021”

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