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Marcellus Drilling News
  • Industrywide Issues | Research

    EIA DPR: NatGas Production Rises in 6 of 7 Shale Regions, Incl. M-U

    September 14, 2021September 14, 2021
    click for larger version

    Six of the seven largest shale plays in the U.S. will see an increase in natural gas production in October according to the latest monthly Drilling Productivity Report (DPR) issued by the U.S. Energy Information Administration (EIA). The Marcellus/Utica, collectively lumped together as “Appalachia” in the report, will see an estimated increase of 74 MMcf/d (million cubic feet per day) in production next month. The M-U’s chief rival, the Haynesville, will see an increase of 82 MMcf/d. The oil-based Permian will see an increase in natgas production of 63 MMcf/d.
    Read More “EIA DPR: NatGas Production Rises in 6 of 7 Shale Regions, Incl. M-U”

  • Commodity Price | Industrywide Issues | Weather

    NYMEX Futures Spike to New High $5.23, Nicholas Slams Gulf Region

    September 14, 2021September 14, 2021
    click for larger version

    Tropical Storm Nicholas, which hit the Texas Gulf Coast this morning with a storm track that takes it through Louisiana, has spooked the oil and gas markets once again, driving up the NYMEX Henry Hub futures price to close yesterday at $5.23–a new modern-era high. The price is even higher in early trading this morning. The storm has also influenced natgas prices across the country, including here in the M-U, to hit new physical spot price highs (excepting the brief insanity during Winter Storm Uri back in February).
    Read More “NYMEX Futures Spike to New High $5.23, Nicholas Slams Gulf Region”

  • Industrywide Issues | Statewide WV | Taxation | West Virginia

    WV’s Screwed-Up Oil & Natural Gas Property Tax Valuation Change

    September 14, 2021September 14, 2021

    In April, on the last day of the West Virginia legislative session for 2021, the West Virginia Senate unanimously passed House Bill (HB) 2581 which changes how the State Tax Department values producing oil and gas wells for property tax purposes (see WV Passes Bill to Change O&G Well Valuations for Taxes). The bill was supposed to streamline and provide a fairer system for assessing taxes on oil and gas production. It seems to have done the opposite, creating a complex system that is currently mired in controversy. Once again government intervention made things worse.
    Read More “WV’s Screwed-Up Oil & Natural Gas Property Tax Valuation Change”

  • Electrical Generation | Illinois | Industrywide Issues | Regulation

    Illinois Repeats Ohio’s Nuclear Bailout Mess, Targets NatGas Power

    September 14, 2021September 14, 2021

    Ohio’s House Bill (HB) 6 law granted billions (plural) of dollars to FirstEnergy in an attempt to prop up the company’s economically failing nuclear power plants. FirstEnergy bribed state legislators to pass, and keep passed, HB 6 by paying out $61 million to a small group of insiders, including the now-former Speaker of the House (see FirstEnergy Involved in Bribery Scheme to Pass $1B Nuke Bailout Law). Not learning a thing from their fellow Midwestern state, the Illinois legislature has just passed a new law to bail out its nuke power plants with nearly $700 million of taxpayer money. The new law also shuts down coal and natural gas-fired power plants. Our question: How much in bribes did Illinois legislators accept to pass this hot mess of a law?
    Read More “Illinois Repeats Ohio’s Nuclear Bailout Mess, Targets NatGas Power”

  • Industrywide Issues | Pennsylvania | Public Opinion | Statewide PA

    PA Statewide Poll by Antis Reveals Residents Still Like Fossil Fuels

    September 14, 2021September 14, 2021

    The Ohio River Valley Institute (ORVI) is a far-left, hyper-partisan, nonprofit organization that supports liberal Democrat causes. ORVI conducted a very slanted push poll in May asking Pennsylvania residents a plethora of questions about energy. The ultimate purpose was to smear fracking and drilling for natural gas. We spotted a media story hyping some of the results of the poll stating that a “Majority of Pa. residents want fracking to end.” Far-left organization, slanted poll. What’s new, right? Except when we began to dig into the questions and answers of this slanted poll, we discovered that headline is not truthful, leaving out the real news that a majority of PA residents still support fracking.
    Read More “PA Statewide Poll by Antis Reveals Residents Still Like Fossil Fuels”

  • Meetings

    Shale Insight Returns In-Person on Sept. 28-30 in Erie, PA

    September 14, 2021September 14, 2021

    We are fast approaching the must-attend event of the year for the Marcellus/Utica: Shale Insight 2021. Last year Shale Insight was virtual only, given the pandemic. This year the event returns to in-person, but it’s at a new location in Erie, Pennsylvania. Pittsburgh Mayor Bill Peduto’s Marcellus bashing has finally had the effect of driving a major conference that brings millions of dollars to the local economy out of Pittsburgh to a different venue. Congrats Peduto.
    Read More “Shale Insight Returns In-Person on Sept. 28-30 in Erie, PA”

  • Best of the Rest

    Other Stories of Interest: Tue, Sep 14, 2021

    September 14, 2021September 14, 2021

    MARCELLUS/UTICA REGION: Columbiana County still on oil and gas drillers’ radar; Developer joins climate advocates in pushing gas-hookup ban; OTHER U.S. REGIONS: California’s request to burn natural gas OK’d by DOE as supply risks imminent; NATIONAL: As oil-well backlog shrinks, U.S. shale may upset investors and drill more; The natural gas market is a great precursor for the oil market; INTERNATIONAL: Researchers toilet-trained cows in hopes of reducing their greenhouse gas emissions.
    Read More “Other Stories of Interest: Tue, Sep 14, 2021”

  • Industrywide Issues | Kentucky | Pipelines | Regulation

    Pass the Jim Beam! Army Corps Issues Pipeline Permit for KY Forest

    September 13, 2021September 13, 2021

    In May MDN told you that Louisville Gas and Electric Company (LG&E) had won Kentucky state approval to build a new 12-inch, 12-mile pipeline near Louisville to supply gas to 62 homes and businesses that can’t connect to LG&E’s local natgas utility system (see Pass the Jim Beam! Judge Clears Way for Gas Pipe Near Louisville, KY). The local Bernheim Arboretum has resisted attempts to build across three-tenths of one percent (0.028%) of Arboretum land–along an existing cleared path where electric lines already go (see KY Utility Hints at Defunding Local Arboretum Blocking New Pipe). Too bad for Big Green. The U.S. Army Corps of Engineers recently granted a permit for the full 12-mile pipeline–including across Arboretum land.
    Read More “Pass the Jim Beam! Army Corps Issues Pipeline Permit for KY Forest”

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

    Oil & Gas Groups Sound the Alarm on Democrats’ Methane Tax

    September 13, 2021September 13, 2021

    Some 130 energy, manufacturing, business, and labor trade organizations, led by the American Petroleum Institute, are sounding the alarm about Democrats’ plan to tax methane emissions into oblivion, a back-door way of attacking natural gas and forcing Americans to quit using it. The coalition of groups sent a letter to the U.S. Senate Committee on Environment and Public Works (headed by WV Sen. Joe Manchin) opposing a plan by Democrats to include the Methane Emissions Reduction Act of 2021 in the $3.5 trillion so-called budget reconciliation bill.
    Read More “Oil & Gas Groups Sound the Alarm on Democrats’ Methane Tax”

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

    Biden Nominates D.C. Swamp-Dwelling Lawyer to FERC

    September 13, 2021September 13, 2021
    Willie Phillips

    Last Thursday President “sleepy” Joe Biden announced he will nominate regulatory lawyer Willie Phillips, a swamp-dwelling D.C. functionary, to serve as a commissioner on the Federal Energy Regulatory Commission (FERC), replacing a fellow swamp-dweller, Neil Chatterjee. Phillips is currently chairman of the Public Service Commission of the District of Columbia. He’s one of three people mentioned over the past few weeks to be the fifth and final FERC commissioner.
    Read More “Biden Nominates D.C. Swamp-Dwelling Lawyer to FERC”

  • CNG/LNG | Exporting | Industrywide Issues

    NatGas Shortage in Europe Driving Strong U.S. LNG Exports

    September 13, 2021September 13, 2021

    Europe has plenty of its own natural gas (and oil) that can readily be tapped–but they refuse to do so because they hew to the popular mythology that using fossil fuels is destroying the planet. Yet Europe must also face reality: Without burning fossil fuels, like natural gas, the continent will go dark and people will freeze to death this winter. What’s a psychotic continent and its “leaders” supposed to do? We’ll tell you what they are doing–they’re buying up LNG as fast as they can. They won’t make the natural gas themselves, but they’ll buy it from others, including the U.S.
    Read More “NatGas Shortage in Europe Driving Strong U.S. LNG Exports”

  • CNG/LNG | Electrical Generation | Exporting | Industrywide Issues | Research

    EIA Predicts U.S. Natural Gas Consumption Declines This Yr & Next

    September 13, 2021September 13, 2021

    Here’s a paradox for you that we can’t explain. Last week we reported the latest U.S. Energy Information Administration (EIA) Short-Term Energy Outlook (STEO) predicts natural gas production in the U.S. will hit an all-time high in 2022 (see U.S. NatGas Production in 2022 Forecast to Hit All-Time High). And yet, the same EIA came out with a prediction late last week that natural gas consumption here in the U.S. is declining and will continue to decline in 2022. How does that square?
    Read More “EIA Predicts U.S. Natural Gas Consumption Declines This Yr & Next”

  • Industrywide Issues | Roads | Statewide WV | West Virginia

    US Energy & Manuf. Independence Should be Focus of Biden Admin

    September 13, 2021September 13, 2021

    The Route 2 | I-68 Authority in West Virginia wants to expand Route 2 to four lanes from Parkersburg, WV to Chester, WV, and to extend Interstate 68 from I-79 near Morgantown, WV westward to WV Route 2 along the Ohio River Valley, some 73 miles (see WV Wants to Extend I-68 Another 73 Miles for Shale Industry). One of the reasons to build the $1 billion project? To handle more shale-related traffic. Progress happened during the Trump administration. When Biden seized power, the door on this project slammed shut. Thanks Joe.
    Read More “US Energy & Manuf. Independence Should be Focus of Biden Admin”

  • Best of the Rest

    Other Stories of Interest: Mon, Sep 13, 2021

    September 13, 2021September 13, 2021

    MARCELLUS/UTICA REGION: New York State passes a law banning gas powered cars starting in 2035; Yaw correct about state collaboration with the RGGI; OTHER U.S. REGIONS: Volcano watch: mapping Kilauea’s gas emissions; California’s battle with climate change is at stake in Tuesday’s recall election; Natural gas costs significantly less than electricity to heat a local home; NATIONAL: Two ways to play the 107% rally in natural gas; Natural-gas market conditions look unnatural; House bill would eliminate natural gas power, impose sweeping changes on economy; INTERNATIONAL: US adviser warns ‘lives at stake’ in European gas crunch.
    Read More “Other Stories of Interest: Mon, Sep 13, 2021”

  • Energy Companies | EnerVest

    EnerVest Shopping 146K Acres of Non-Op & ORRI Assets in OH-PA Utica

    September 10, 2021September 10, 2021

    EnergyNet is an online marketplace for buying and selling oil and gas working interests (operated and non-operated), overrides, royalties, mineral interests, leaseholds, and other contracts. From time to time we spot auctions on EnergyNet from Marcellus/Utica drillers. EnerVest Energy is currently auctioning a package of 146,053 acres of leases for non-operated and overriding royalty interests (ORRI) in the Utica Shale scattered across Ohio and Pennsylvania. The EnerVest auction ends Oct 7. We have the details below.
    Read More “EnerVest Shopping 146K Acres of Non-Op & ORRI Assets in OH-PA Utica”

  • Empire Pipeline | Energy Companies | Energy Services | ESG | Industrywide Issues | Seneca Resources

    NFG/Seneca Resources Goes Whole Hog on ESG – New Cert & GHG Target

    September 10, 2021September 10, 2021

    Another great company succumbs to the siren call of ESG (environmental, social, governance). A week ago we told you that Seneca Resources, the drilling arm of utility giant National Fuel Gas Company (NFG), had signed up with Project Canary to certify its natural gas as responsibly sourced (see Seneca Resources Jumps on “Responsibly Sourced Gas” Bandwagon). A few days ago Seneca announced it will also seek Equitable Origin’s EO100™ Standard for Responsible Energy Development to certify 100% of its Marcellus/Utica gas. And yesterday NFG announced a new so-called greenhouse gas emissions goal target for 2030.
    Read More “NFG/Seneca Resources Goes Whole Hog on ESG – New Cert & GHG Target”

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