Marcellus Drilling News

CNG/LNG | Commodity Price | Industrywide Issues | Pipelines

Boston NatGas Futures Hit Nearly $30/MMBtu, Spot Price $38/MMBtu
December 22, 2021April 20, 2022

New England has a problem, and Massachusetts Senator Elizbeth “Pocahontas” Warren is clueless as to its source. The problem is super high, continuously spiking prices for natural gas, which in turn lead to high and spiking prices for electricity (most of New England’s electricity is generated by natural gas-fired power plants). This week the futures price for natural gas traded at the Algonquin Citygate, the major gas delivery hub near Boston, hit almost $30 per MMBtu. Earlier this week the spot price for physically traded gas at Algonquin went over $38/MMBtu. The reason? New England depends on imported LNG to help with heating and electric production, and LNG cargoes have gotten a LOT more expensive.
Read More “Boston NatGas Futures Hit Nearly $30/MMBtu, Spot Price $38/MMBtu”
CNG/LNG | Exporting | Industrywide Issues

US LNG Export Plants Hit New Record High of Using 13 Bcf/d
December 22, 2021April 20, 2022

The amount of gas flowing to an LNG (liquefied natural gas) facility, which the facility then turns into a liquid, is called feedgas. Yesterday, Dec. 21, the six major US liquefaction facilities in operation were running at full capacity and used a staggering 13 billion cubic feet per day (Bcf/d) of natural gas, furiously converting it into liquid natgas for exports. A significant amount of that gas comes from the Marcellus/Utica.
Read More “US LNG Export Plants Hit New Record High of Using 13 Bcf/d”
CNX Resources | Coterra Energy (Cabot O&G) | Diversified Energy | Energy Companies | Energy Services | Energy Transfer Partners | EQT Corp | Equitrans/EQT Midstream | JKLM Energy | Pennsylvania | Range Resources Corp | Seneca Resources | Southwestern Energy | Statewide PA | UGI Energy Services

Marcellus Cos. Donate Over $100,000 to Nonprofits During Christmas
December 22, 2021December 22, 2021

Major drillers and pipeline companies operating in the Pennsylvania Marcellus have, once again, stepped up to offer donations of money, toys, and coats during the 2021 Christmas season. Companies giving generously include Coterra Energy, CNX Resources, Diversified Energy, Energy Transfer, Equitrans Midstream, EQT, JKLM Energy, People’s Gas, Range Resources, Seneca Resources, Southwestern Energy, and UGI have given, collectively well over $100,000.
Read More “Marcellus Cos. Donate Over $100,000 to Nonprofits During Christmas”
Chesapeake Energy | Energy Companies | ESG | Industrywide Issues

Chesapeake Gets “A” on Responsible Gas Report Card in Haynesville
December 22, 2021April 20, 2022

Break out the party hats and noisemakers. Yesterday Chesapeake Energy announced it has, after just five months, achieved both MiQ and Equitable Origin “responsibly sourced gas” certification for the natural gas it produces in the Haynesville Shale. Don’t worry, Chessy plans to certify its PA Marcellus gas production too.
Read More “Chesapeake Gets “A” on Responsible Gas Report Card in Haynesville”
Best of the Rest

Other Stories of Interest: Wed, Dec 22, 2021
December 22, 2021April 20, 2022

MARCELLUS/UTICA REGION: Quaker investors urge EPA to advance strong methane emissions rules; OTHER U.S. REGIONS: Texas upstream employment rises; NATIONAL: Natural gas markets continue sideways grinding; Three House Dems ask watchdog to probe ‘peaker’ power plants; No one to blame for the oil crisis but Biden’s lousy policies; INTERNATIONAL: Suez Canal lowers rebate tolls of LNG carriers; LNG cargoes diverted as European prices soar; Unconventional gas tech plays critical role in net zero; Checkmate– Putin has the West cornered.
Read More “Other Stories of Interest: Wed, Dec 22, 2021”
Columbia Pipeline Group | Energy Services | Industrywide Issues | Litigation | Maryland | Pipelines | Regulation | TC Energy/TransCanada

Pipe Under Potomac River Comes Back to Life; Maryland Mixed Signals
December 21, 2021April 20, 2022

Columbia Gas, a subsidiary of Canada-based TC Energy, wants to build a tiny 3.37-mile, 8-inch pipeline under the Potomac River from Maryland to West Virginia. The Eastern Panhandle Expansion, as it is called, is being blocked by the lefties in Maryland (see Fed Judge Upholds Maryland Decision to Block Pipe Under Potomac). Maryland used the same flawed legal argument that New Jersey used to block PennEast Pipeline–that eminent domain can’t be used against land owned or controlled by a state. PennEast won its case against NJ in the U.S. Supreme Court in June (see PennEast Pipeline Squeaks Out 5-4 Supreme Court Victory Over NJ). Columbia now has grounds and is challenging Maryland in court once again. Columbia expects to win, and for good reason.
Read More “Pipe Under Potomac River Comes Back to Life; Maryland Mixed Signals”
American Energy Partners Inc. | Energy Companies

Small PA Energy Co. Snags Former CNX VP as Chief Operating Officer
December 21, 2021December 21, 2021

American Energy Partners, Inc. (AEPT), based in Allentown, PA, is a small but diversified company. They have their fingers in a number of different oil and gas pies, including subsidiaries in drilling, remediation, water, valuation services, and education. Yesterday American Energy announced they have hired a former CNX Resources vice president to become the company’s new Chief Operating Officer. Kurtis Z. Hoffman has been hired as COO for American Energy effective January 1, 2022.
Read More “Small PA Energy Co. Snags Former CNX VP as Chief Operating Officer”
Electrical Generation | Industrywide Issues | Litigation | Regulation | Statewide WV | West Virginia

WV AG Update on Lawsuit Against EPA Regulating Power Plant Emissions
December 21, 2021April 20, 2022

A lawsuit filed by West Virginia Attorney General Patrick Morrisey and the attorney generals from (originally) 17 other states, or 18 states in all, seeks to limit the federal Environmental Protection Agency (EPA) and their misinterpretation of the so-called Clean Air Act in order to regulate carbon dioxide (CO2) emissions. According to Morrisey, his lawsuit is “the biggest case before the Supreme Court” for the 2022 session. In fact, two more states have joined the lawsuit on WV’s side (now 20 states total). Morrisey provided an update yesterday on the lawsuit.
Read More “WV AG Update on Lawsuit Against EPA Regulating Power Plant Emissions”
Industrywide Issues | New York | Regulation | Statewide NY

Citizens Guide to Understanding New York’s So-Called Climate Act
December 21, 2021April 20, 2022

In June 2019 the New York State legislature passed a horrific “energy” bill that was later signed into law by Gov. Andrew Cuomo (see New York Pulls the Trigger, Commits Energy Suicide with New Law). The new law, called the Climate Leadership and Community Protection Act (or “Climate Act”), limits carbon dioxide emissions to zero (an impossibility) by 2050. Sadly, by our informal poll when talking about this evil law with our fellow NY residents, we find that something like 99% of all NY residents don’t have a clue that this law was passed and how it is about to fundamentally change their lives.
Read More “Citizens Guide to Understanding New York’s So-Called Climate Act”
Anti-Drilling/Fossil Fuel | Industrywide Issues

Inflation is Fueled by Bad Policy, Not “Greedy” O&G Companies
December 21, 2021April 20, 2022

Joe Biden and the Democrat Party have turned what was a surviving, even thriving economy into a wasteland by pushing trillion-dollar spending bills, banning pipelines, banning new oil drilling on federal lands, and pressuring banks to deny lending to fossil fuel companies. The result is and (if you read MDN) was predicted: soaring energy prices and an economy teetering on the verge of collapse. Now that the Democrats ‘ failed governance has led to inflation through the roof and economic chaos, they are doing what politicians (of either party) always do: try to blame someone else. In this case, the Dems blame the oil and gas industry.
Read More “Inflation is Fueled by Bad Policy, Not “Greedy” O&G Companies”
Allegheny County | Antero Resources | Ascent Resources | Bradford County | Carroll County | Chief Oil & Gas | CNX Resources | Encino Energy | Energy Companies | EQT Corp | Greene County (PA) | Jefferson County (OH) | Ohio | Pennsylvania | Range Resources Corp | Tyler County | Washington County | Weekly Permits | West Virginia

32 New Shale Well Permits Issued for PA-OH-WV Dec 13-19
December 21, 2021April 20, 2022

Two weeks ago the Marcellus/Utica region saw 30 new permits to drill shale wells. Last week we improved that a bit, to 32. Pennsylvania issued 13 new permits to three drillers for five well pads in four counties. Ohio issued eight new permits to two drillers for three pads in two counties. And West Virginia issued 11 new permits to two drillers for two pads in a single county.
Read More “32 New Shale Well Permits Issued for PA-OH-WV Dec 13-19”
Best of the Rest

Other Stories of Interest: Tue, Dec 21, 2021
December 21, 2021April 20, 2022

NATIONAL: Democrat pushes for pipeline reliability standards; Decarbonization cannot manufacture the products demanded by civilization; INTERNATIONAL: Coal-fired power generation set to break record in 2021; Russia cuts gas supplies to Europe as temperatures drop.
Read More “Other Stories of Interest: Tue, Dec 21, 2021”
Chester County | Energy Services | Energy Transfer Partners | Industrywide Issues | Pennsylvania | Pipelines | Regulation | Sunoco Logistics

PA DEP Issues Revised Permits for ME2 Pipe Near Marsh Creek Lake
December 20, 2021April 20, 2022

One week ago MDN told you that the Pennsylvania Dept. of Environmental Protection (DEP) signaled, via a listing in the weekly issue of the Pennsylvania Bulletin, the department’s intent to issue or reissue remaining permits for erosion and sediment control needed to finish up work on the Mariner East 2 (ME2) pipeline (see PA DEP Signals Reissue of Erosion & Sediment Permits for ME2 Pipe). One week later (this past Saturday), the DEP posted another notice in the PA Bulletin issuing permits for ME2 in the most contentious and critical portion of the project to finish up–the area near Marsh Creek Lake and State Park in Chester County.
Read More “PA DEP Issues Revised Permits for ME2 Pipe Near Marsh Creek Lake”
Industrywide Issues | Luzerne County | Pennsylvania | Processing Plants

Neighbors’ Concerns Addressed by $6B Wilkes-Barre GTL Plant
December 20, 2021April 20, 2022

In November we shared the exciting news that Nacero Inc. will build a $6 billion refinery on the site of a former coal mine in Newport Township and Nanticoke in Luzerne County, PA, near Wilkes-Barre (see NEPA Huge Deal – $6B Plant to Convert Marcellus Gas to Gasoline). The plant will convert Marcellus natural gas into zero-sulfur gasoline for use in existing cars and trucks without modification. As details about the project (this is a MASSIVE project, on the order of the Shell cracker plant in western PA) come out, some of the neighbors who will live near the plant are expressing concerns.
Read More “Neighbors’ Concerns Addressed by $6B Wilkes-Barre GTL Plant”
Statewide WV | West Virginia

GO-WV Celebrates First Full Year, Legislative Priorities for 2022
December 20, 2021December 20, 2021

It was one year ago that West Virginia’s two oil and gas trade associations, the Independent Oil and Gas Association of West Virginia (IOGAWV) and the West Virginia Oil and Natural Gas Association (WVONGA) merged into one new organization called the Gas and Oil Association of WV, or GO-WV (see WV’s Two O&G Trade Groups (IOGAWV & WVONGA) Merge, Form New Assoc.). Since that time the new GO-WV has added more than two dozen new members and has (by our reckoning) helped defeat the dangerous Biden Build Back Better budget bill. Pretty amazing to do all that in its first year, during a pandemic!
Read More “GO-WV Celebrates First Full Year, Legislative Priorities for 2022”
Antero Resources | Chesapeake Energy | CNX Resources | Coterra Energy (Cabot O&G) | Energy Companies | EQT Corp | Range Resources Corp | Seneca Resources | Southwestern Energy

Marcellus/Utica Drillers Profits Up 78% in 3Q21, Cash Flow Up 80%
December 20, 2021April 20, 2022

From time to time the experts at RBN Energy analyze the financial and operational performance of the oil and gas industry. RBN groups a sampling of publicly traded companies into three buckets: Diversified companies with their fingers in a lot of different pies, including upstream, midstream and downstream; oil-focused drillers who concentrate mainly on drilling for oil; and gas-focused drillers concentrating mainly on drilling for natural gas. It is that last group we are interested in. All but one of the nine companies in the gas-focused groups of drillers tracked by RBN are big drillers in the Marcellus/Utica. In a post from yesterday, RBN says the gas-focused group’s third quarter 2021 profits nearly doubled year over year, while cash flow increased by 80% from 2Q21 to 3Q21.
Read More “Marcellus/Utica Drillers Profits Up 78% in 3Q21, Cash Flow Up 80%”