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Marcellus Drilling News
  • Best of the Rest

    Other Stories of Interest: Fri, Sep 3, 2021

    September 3, 2021September 3, 2021

    MARCELLUS/UTICA REGION: Bipartisan vote by PA House Committee approves resolution to carbon tax; Yaw angry over greenhouse gas compact vote; NATIONAL: The growing misuse of satellite monitoring data; US weekly LNG exports and Henry Hub climb; Fleet investment in near-zero emission natural gas trucks increases; New research raises concern about electric vehicles’ prospects; INTERNATIONAL: UK faces stark energy choice.
    Read More “Other Stories of Interest: Fri, Sep 3, 2021”

  • Industrywide Issues | Pipelines | Research

    M-U Production Hits Record High in 1H21 – Most of It Heads Midwest

    September 2, 2021April 20, 2022

    Our favorite government agency, the U.S. Energy Information Administration (EIA), published a post yesterday noting the Marcellus/Utica region set a new record high for natural gas production for the first six months of 2021. That caught our eye. However, it was a chart in that post that stopped us in our tracks. The chart shows pipeline takeaway capacity to other regions outside of the northeast. We always thought most of our gas went to the Southeast. Not so! The bulk of the gas flowing from the M-U goes to the Midwest.
    Read More “M-U Production Hits Record High in 1H21 – Most of It Heads Midwest”

  • Commodity Price | Industrywide Issues

    NYMEX Price Hits New Modern High $4.61 – M-U Spot Prices Climb Too

    September 2, 2021September 2, 2021

    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 NatGas Prices Soar with Hurricane Ida Shutting Down Gulf Production). At the time we told you that according to some analysts, natgas was on its way to a modern-era high of $4.50 or more. Yesterday the NYMEX price at the Henry Hub flew by that level, closing at $4.61. That didn’t take long!
    Read More “NYMEX Price Hits New Modern High $4.61 – M-U Spot Prices Climb Too”

  • Anti-Drilling/Fossil Fuel | Electrical Generation | Industrywide Issues | Pennsylvania | Regulation | Statewide PA

    Liberals on PA’s IRRC Vote to Approve Insane RGGI Carbon Tax

    September 2, 2021September 2, 2021

    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?
    Read More “Liberals on PA’s IRRC Vote to Approve Insane RGGI Carbon Tax”

  • Energy Companies | Industrywide Issues | Litigation | Penn Production

    Investor Sues Founder of Penn Production for Breach of Contract

    September 2, 2021September 2, 2021

    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 Penn Production Buys Greylock Assets in Clearfield County, PA). It was the first time the company had appeared on our radar screen. Since the Greylock purchase, controversy has erupted at the company.
    Read More “Investor Sues Founder of Penn Production for Breach of Contract”

  • Industrywide Issues | Ohio | Roads | Statewide OH | Wastewater

    OH DOT to Stop Buying Deicer Made from Conventional Wastewater

    September 2, 2021September 2, 2021

    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 Study Says More Studies Needed re Using Brine to Treat Dusty Roads). Now comes word that the Ohio Department of Transportation (ODOT) plans to stop purchasing a deicer made from processed brine drawn from conventional oil and gas wells. So-called environmentalists claim the deicer is radioactive.
    Read More “OH DOT to Stop Buying Deicer Made from Conventional Wastewater”

  • Energy Companies | Industrywide Issues | M&A | Southwestern Energy

    Southwestern Completes Acquisition of Indigo, Reboots 2021 Guidance

    September 2, 2021September 2, 2021

    In early June Southwestern Energy Company announced it would no longer be a pureplay Marcellus/Utica driller. Southwestern said it was buying Indigo Natural Resources, which drills for natural gas in the Louisana Haynesville Shale, for $2.7 billion (see Southwestern No Longer M-U Pure-Play, Buys Haynesville Driller $2.7B). The deed is now done. Southwestern issued an updated version of its guidance for 2021 in light of adding Indigo’s extensive assets to its own.
    Read More “Southwestern Completes Acquisition of Indigo, Reboots 2021 Guidance”

  • Industrywide Issues | Regulation

    Chatterjee Joins Big-Money Law Firm, Flacks for Carbon Tax

    September 2, 2021September 2, 2021

    August 30 was RINO Neil Chatterjee’s last day at the Federal Energy Regulatory Commission (see RINO Commissioner Neil Chatterjee Leaving FERC as of Aug. 30). It never takes swamp-dwellers like Chatterjee long to land in a new hole. Just a few days after leaving FERC, Chatterjee announced he (a) joined the energy practice at Big Law firm Hogan Lovells for big bucks, and (b) is also joining the Climate Leadership Council, a far-left group that advocates for a national tax on carbon dioxide. What a pathetic putz.
    Read More “Chatterjee Joins Big-Money Law Firm, Flacks for Carbon Tax”

  • Best of the Rest

    Other Stories of Interest: Thu, Sep 2, 2021

    September 2, 2021September 2, 2021

    OTHER U.S. REGIONS: Virginia’s coming elections to present showdown over renewable energy mandates; NATIONAL: WTI erases loss as US oil inventory report overshadows OPEC+ announcement; How the US became the world’s LNG price setter; US shale producers switch from DUCs to drilling; Progressives launch campaign to exclude gas from Congress’s clean electricity program; INTERNATIONAL: Blue hydrogen backlash ‘has ring of fracking row’: professor defends damning study.
    Read More “Other Stories of Interest: Thu, Sep 2, 2021”

  • Lease & Royalty Payments | Ohio | Statewide OH

    Royalty Revenue Falls Short of Expectations for Some OH Landowners

    September 1, 2021September 1, 2021

    An extensive story running in the Youngstown Business Journal tackles the thorny issue of violated expectations for Ohio landowners who thought they would get rich from Utica Shale wells on their land but didn’t. The article contains some good information and is a cautionary story for landowners. However, we’re concerned the story doesn’t present the full picture–that some landowners DO get significant revenue from royalties and signing bonuses.
    Read More “Royalty Revenue Falls Short of Expectations for Some OH Landowners”

  • Anti-Drilling/Fossil Fuel | Chester County | Energy Services | Energy Transfer Partners | Industrywide Issues | Pennsylvania | Pipelines | Regulation | Sunoco Logistics

    Protesters Ask Chester County to Shut Down Mariner East Pipe

    September 1, 2021September 1, 2021

    Yesterday a group of ~30 protesters rallied at the Historic Courthouse in Chester County, PA, and marched, while chanting, to the County Justice Center. Their protest is against almost completed Mariner East 2 (ME2) pipeline construction and against a long-completed and flowing Mariner East 1 (ME1) pipeline. The protesters, some who were left wing nuts, others who were honest folks who have been duped by Big Green and scaremongers in the media, asked county commissioners to file a Petition for Emergency Relief with the state Public Utility Commission (PUC) to stop any further construction of ME2 and shut down the already-operating ME1 pipeline that runs through the county.
    Read More “Protesters Ask Chester County to Shut Down Mariner East Pipe”

  • Industrywide Issues | Litigation | Regulation

    Obama Fed Judge Shackles Country with Obama WOTUS Once Again

    September 1, 2021September 1, 2021

    The Barack Hussein Obama administration went crazy with over-regulation in many sectors. One of them was to redefine “waters of the United States” (or WOTUS) as everything down to (no exaggeration) mud puddles (see EPA Power Grab: Redefines Waters of the U.S. to Include Everything). When Donald Trump took office, he set about to correct some of the insane abuses of the Obama-era, including WOTUS. He finally got it fixed (see EPA & Army Corps Publish Final WOTUS Regs – Obama Overreach Fixed). But now comes along a single, radical federal judge appointed by Obama who has once again plunged the country back into madness by re-enacting Obama’s abuses under WOTUS. Once again we have a WOTUS that threatens to shut down not only oil and gas drilling but farmers as well.
    Read More “Obama Fed Judge Shackles Country with Obama WOTUS Once Again”

  • Anti-Drilling/Fossil Fuel | Crime | Energy Services | Equitrans/EQT Midstream | Industrywide Issues | Pipelines | Virginia

    3 Old Hippies Convicted of Blocking MVP in Va., Fined $1K Each

    September 1, 2021April 20, 2022

    In July MDN told you about three senior citizen protesters who parked a hippie-mobile across a narrow road where workers travel to work on the 92% complete Mountain Valley Pipeline (MVP) in Roanoke County, Virginia (see 3 Old Hippies Block MVP Work in Va. – Arrested & Removed). County police ensured the old hippies still had a pulse and were hydrated, then a few hours later (to give them ample time to enjoy themselves), arrested and hauled them away. On Monday they had their day in court. After pleading innocent, they were all found guilty and fined $1,000 each for their geriatric stunt.
    Read More “3 Old Hippies Convicted of Blocking MVP in Va., Fined $1K Each”

  • CNG/LNG | Commodity Price | Exporting | Industrywide Issues

    Single Biggest Reason Why NatGas Prices High/Staying High? LNG

    September 1, 2021September 1, 2021

    According to the experts at RBN Energy, U.S. LNG feedgas demand “has been the single biggest factor behind the soaring natural gas prices and storage shortfall this year.” Feedgas is the gas that feeds LNG export facilities. Two more LNG facilities are due to begin operation in the first half of 2022, both of which have the potential to use Marcellus/Utica molecules. RBN does a deep dive into how LNG export facilities ramp up and when even more feedgas demand will increase.
    Read More “Single Biggest Reason Why NatGas Prices High/Staying High? LNG”

  • CNG/LNG | Industrywide Issues | Regulation

    Report Debunks 5 Myths About LNG Shipment-Blocking Jones Act

    September 1, 2021September 1, 2021

    The Jones Act prevents LNG from being transported from one U.S. port (like Cove Point, Maryland and Elba Island, Georgia) to other U.S. ports (like Boston and New York) because there are no built-in-the-USA LNG carriers, a requirement under the 1920 Jones Act. When New England runs low on natural gas, they must import the gas from Russia (see Confirmed: LNG Coming to Boston on Jan 22 is Illegal Russian Gas). We’ve railed against the Jones Act for years. Not even President Trump was willing to go up against special interests that support it (see Bummer: Trump Won’t Waive Jones Act for Domestic LNG Shipments). A new policy report by the Grassroot Institute of Hawaii debunks the “Five myths about the Jones Act” and gives us more help in getting it changed.
    Read More “Report Debunks 5 Myths About LNG Shipment-Blocking Jones Act”

  • Best of the Rest

    Other Stories of Interest: Wed, Sep 1, 2021

    September 1, 2021September 1, 2021

    MARCELLUS/UTICA REGION: Rep. Johnson touts area’s oil and gas resources in Harrison County stop; OTHER U.S. REGIONS: About 94% of oil, gas output remain shut in U.S. Gulf after Ida; NATIONAL: Six U.S. states accounted for over half of the primary energy produced in 2019; Five big problems with President Biden’s energy-climate plan; New office to bring COVID-19 ‘lessons learned’ to climate change and public health; INTERNATIONAL: To pause or not to pause oil output is question OPEC+ faces Wednesday; Why banning fossil fuel investments would crush Africa.
    Read More “Other Stories of Interest: Wed, Sep 1, 2021”

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