3 Senate RINOs Join Radical Dems to Reverse Trump Methane Rule
Three Republican-in-Name-Only (RINO) U.S. Senators–Susan Collins from Maine (no surprise, she’s really a Democrat), Rob Portman from Ohio (kind of a surprise, although he is a swamp dweller), and Lindsay Graham of South Carolina (more of a surprise, he’s now reverting to his swamp-dwelling roots) have voted with every single lock-step, mind-numbed Democrat Senator (all 50 of them) to overturn President Trump’s commonsense tweaking of Obama’s extreme overregulation of methane emissions.
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Range Resources, the very first driller to sink a Marcellus well (back in 2004), released its first-quarter 2021 update and held a conference yesterday to review the numbers. The company reports the highest average premium (above benchmark) it has ever received for a barrel of natural gas liquids (NGLs) in Q1. Pricing was an average $26.35 a barrel for NGLs, up $8.33 a barrel compared to 4Q20 and up from $14.87 a barrel in 1Q20. However, the company reports a drop in income, down 84% from 1Q20. Fortunately, Range still made money in 1Q21–$27 million of income based on $193 million in cash flow.
On April 6 the Weymouth, Mass. compressor station experienced its third “unplanned release” of methane and was shut down (see
Here’s a connection we hadn’t made until we read about yesterday’s oral arguments before the U.S. Supreme Court in PennEast Pipeline vs. New Jersey. The connection is this: The PennEast case also has huge ramifications for another currently-stalled M-U pipeline. Columbia Gas wants to build a tiny 3.37-mile, 8-inch pipeline under the Potomac River from Maryland to West Virginia. It is being blocked from doing so by the lefties in Maryland (see 
MARCELLUS/UTICA REGION: Drilling past rocket science (video); PA Senate Environmental Committee approves bill mandating legislative oversight in RGGI; OTHER U.S. REGIONS: Crusoe Energy raises $128 million for natural gas-powered modular data centers; NATIONAL: U.S. energy imports declined in 2020, while exports remained largely unchanged; Precision’s U.S., Canada contract drilling escalating quickly as outlook ‘substantially improved’; Biden plan leaves an opening for financing of global gas projects; Jennifer Granholm’s tone deaf advice for the oil and gas industry; Plus and Cummins to develop first autonomous natural gas trucks; deployment in 2022; U.S. natgas at eight-week high on record exports and output slide; INTERNATIONAL: Electric cars: What will happen to all the dead batteries?
While the Philadelphia Inquirer has at least one reliable and objective reporter working in its ranks–Andrew Maykuth–the same can’t be said for the lefties who populate the editorial board at the newspaper. Yesterday’s unsigned editorial declares that “Fracking jobs will disappear. Pennsylvania has to manage the decline.” Like he!!. The lefties on the editorial board base their brazen (and false) statements on Joe Biden’s plan to decimate the fossil fuel industry with his warmed-over Green New Deal vomit. The editorial board presumes Biden’s attempts will be successful. They will not.
Dominion Energy is a huge company. Once upon a time, Dominion owned major pipeline assets throughout the Marcellus/Utica region. But in July of 2020 Dominion decided to sell their pipeline assets (and part of the Cove Point LNG export facility) to Warren Buffett for $9.7 billion (see
We’re kind of speechless and dumbfounded–but perhaps we shouldn’t be. Last week President Biden announced a new program to be funded with $109.5 million aimed at figuring out how to convince fossil fuel workers to be happy taking a huge pay cut and installing solar panels and windmills instead of making far more money in a far more meaningful job working in fossil fuels. Brian Anderson, director of the National Energy Technology Laboratory (NETL), headquartered in Pittsburgh, will lead the effort. How enormously sad that Anderson, someone we greatly admire, is out in front selling Biden’s bill of goods–the end of fossil energy.
Here’s a new truism of life you may not have heard before: Be careful that the corporation you climb into bed with actually has a spine. Interestingly, U.S. Steel in East Pittsburgh, whom you would assume has a steel spine, doesn’t have a spine at all! Merrion Oil & Gas found that out the hard way. Merrion, a privately-owned oil and gas company headquartered in New Mexico, signed a lease with U.S. Steel to drill a series of up to 18 shale wells on the Edgar Thomson Works property in Allegheny County. Following blowback from loud-mouth anti-fossil fuel nutters, U.S. Steel decided the project isn’t worth the negative press. So they caved and canceled the lease with Merrion. Shame on U.S. Steel.