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Marcellus Drilling News
  • Air Quality | Industrywide Issues | Regulation

    Why Trump’s Rollback of Obama’s Methane Regs is a Good Thing

    August 19, 2020August 19, 2020

    At a ceremony in Pittsburgh last week, federal EPA (Environmental Protection Agency) Administrator Andrew Wheeler unveiled two new rules for the oil and natural gas industry that removes ineffective and duplicative methane detection requirements while streamlining others (see EPA Rolls Back Obama Methane Overregulation at Pittsburgh Ceremony). The histrionics by the environmental left was predictable. They’re stroking out. Without reason. The methane emissions rules Obama inflicted on the nation on his way out the door in 2016 added insanely high costs to fossil fuel companies with “almost no” benefits to the environment.
    Read More “Why Trump’s Rollback of Obama’s Methane Regs is a Good Thing”

  • Best of the Rest

    Shale Energy Stories of Interest: Wed, Aug 19, 2020

    August 19, 2020August 19, 2020

    MARCELLUS/UTICA REGION: Marcellus multistep workflow helps operators assess parent/child well interactions; Belmont College builds skilled workforce in the tri-state region; OTHER U.S. REGIONS: Blackouts expose perils and costs of California’s ‘electrify everything’ push; NATIONAL: Henry Hub rally continues, supported by stumbling production, rising demand; Biden presidency could spur change in climate litigation; AEA endorses Donald J. Trump for President of the United States; INTERNATIONAL: U.S. sanctions said unlikely to halt Nord Stream 2 pipeline.
    Read More “Shale Energy Stories of Interest: Wed, Aug 19, 2020”

  • Industrywide Issues | Research

    EIA DPR: Marc/Utica Sees Biggest Drop in Production for All Plays

    August 18, 2020August 18, 2020

    Yesterday our favorite government agency, the U.S. Energy Information Administration (EIA), issued our favorite monthly report, the Drilling Productivity Report (DPR). The DPR estimates how much oil and natural gas each of the country’s seven largest shale plays produced in the previous (i.e. current) month, and how much each will produce in the coming (i.e. next) month. The August report, which predicts production for the coming month of September, estimates natural gas production in the Marcellus/Utica will decrease by 203 million cubic feet per day (MMcf/d)–the biggest (by far) decrease in any of the seven shale plays tracked.
    Read More “EIA DPR: Marc/Utica Sees Biggest Drop in Production for All Plays”

  • Energy Services | Equitrans/EQT Midstream | Industrywide Issues | Litigation | Pipelines | Statewide WV | West Virginia

    Construction Co. Sues MVP for $104M, Demands Sale of Pipe

    August 18, 2020April 20, 2022

    Last December MDN brought you news that Equitrans had canceled a contract with Trinity Energy Services to build a portion of the 303-mile Mountain Valley Pipeline project (see Equitrans Cancels Trinity Energy Contract re Mountain Valley Pipe). Since that time talks have broken down between the two sides over compensation for change orders and other items, and now Trinity is suing Equitrans, demanding MVP sell the pipe in the ground to pay Trinity $103.8 million to satisfy the money Trinity says it is owed.
    Read More “Construction Co. Sues MVP for $104M, Demands Sale of Pipe”

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

    Mountain Valley Pipe (MVP) Buys Favor with Appalachian Trail Groups

    August 18, 2020August 18, 2020

    The Appalachian Trail Conservancy, The Conservation Fund, and Mountain Valley Pipeline (MVP) yesterday issued a joint announcement that MVP is paying $19.5 million to the Conservancy to “conserve land along the Trail corridor and support outdoor recreation-based economies in Virginia and West Virginia.” It is the largest “funding package” in the Conservancy’s history to advance conservation efforts in a single geography.
    Read More “Mountain Valley Pipe (MVP) Buys Favor with Appalachian Trail Groups”

  • Columbia Pipeline Group | Energy Services | Industrywide Issues | Pipelines | Regulation | TC Energy/TransCanada

    TC Energy Asks FERC to Approve Louisiana XPress, M-U Gas to Gulf

    August 18, 2020August 18, 2020

    “Hurry it up, will ya?” That was the upshot of a message sent by TC Energy to the Federal Energy Regulatory Commission (FERC) with respect to giving final approval for its Louisiana XPress project. FERC granted the project a favorable environmental assessment (EA) on February 6 (see FERC Favorable EA for Columbia Louisiana XPress, M-U Gas to Gulf). TC Energy asked FERC to deliver a final approval/certificate no later than July 1–five months is more than enough time to finish up the approval process. Yet here it is the middle of August anding agreement with a shipper to provide 800,000 Dt/d of firm transportation service for a 20-year term, providing the required market support for the Louisiana XPress project

    Alongside the Louisiana XPress projects, there are two other projects that are more than three months past the issuance of their EA by FERC staff and are awaiting FERC approval. Those include KMLP’s Acadiana project, evaluated jointly in the EA with Louisiana XPress, and the Double E Pipeline project, which received its EA March 24.

    For the Double E project, several conservation groups have pushed for FERC to rethink its EA in light of the coronavirus pandemic’s impacts on oil and natural gas markets. FERC, however, in January denied the groups’ late motions to intervene.*

    *S&P Global Platts (Aug 17, 2020) – Columbia Gulf asks FERC to sign off on Louisiana XPress project to avoid delay

    TC Energy’s letter to FERC asking them to hurry it up:

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

    Southwestern Hits “Grand Slam” with Purchase of Montage Resources

    August 18, 2020August 18, 2020

    Last week, in one of the biggest news stories (for us) so far this year, Southwestern Energy announced it is buying out and merging in Montage Resources (see Stop Press! Southwestern Energy Buying Montage Resources for $857M). The combined companies will create the third-largest (by acreage) Marcellus/Utica driller. Yet investors have pretty much yawned. The company’s stock went down after the announcement. According to one analyst, Southwestern’s purchase is a “grand slam” home run and investors should sit up and take notice.
    Read More “Southwestern Hits “Grand Slam” with Purchase of Montage Resources”

  • Anti-Drilling/Fossil Fuel | Electrical Generation | Industrywide Issues | Pipelines | Research

    New England Rejects NatGas, Prefers Unreliable Renewables Instead

    August 18, 2020August 18, 2020

    Please don’t come to Boston. If you do, you may experience blackouts from an unreliable electricity grid powered by so-called (very unreliable) renewables. That’s our takeaway on the obtuse attitudes that pervade New England and the Communist politicians that run that section of the country.
    Read More “New England Rejects NatGas, Prefers Unreliable Renewables Instead”

  • Best of the Rest

    Shale Energy Stories of Interest: Tue, Aug 18, 2020

    August 18, 2020August 18, 2020

    MARCELLUS/UTICA REGION: PA DEP local climate action program helps community leaders address climate change in 139 municipalities; OTHER U.S. REGIONS: Trump administration readies Alaska’s ANWR for oil, gas drilling; California’s shift from natural gas to solar is playing a role in rolling blackouts; NATIONAL: New lyrics, same tune for US shale producers; Most U.S. shale companies to restore production by end of 3rd quarter; Texas Democrat: US natural gas vital in transition to renewables; Let’s be serious, more CO2 isn’t making the earth ‘uninhabitable’; Democrats say California is model for climate action but its blackouts say otherwise; INTERNATIONAL: Is Japan the next major market for Russian LNG?; Mexican discrimination against US energy firms underscores importance of USMCA.
    Read More “Shale Energy Stories of Interest: Tue, Aug 18, 2020”

  • Energy Companies | Energy Corporation of America | Greylock Energy

    ECA Marcellus Trust I Cancels 2Q20 Distribution to Investors

    August 17, 2020August 17, 2020
    click for larger version

    ECA Marcellus Trust I, traded over-the-counter on the pink sheets, announced on Friday that there will be no distribution (i.e. dividends) paid for the quarter ended June 30, 2020 to shareholders because expenses exceeded net revenues to the Trust for the quarter. This is the second quarter in a row the Trust has not paid investors (see ECA Marcellus Trust I Cancels 1Q20 Distribution to Investors). Who is ECA?
    Read More “ECA Marcellus Trust I Cancels 2Q20 Distribution to Investors”

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

    Chester DA Persecution of Off-Duty Constables Guarding ME2 Pipe

    August 17, 2020August 17, 2020

    Why is the Chester County, PA District Attorney hell-bent on persecuting (i.e. prosecuting) security guards who have done nothing more than protect nutty environmentalists from hurting themselves at Mariner East 2 pipeline construction sites? Former Chester County, PA District Attorney Tom Hogan (RINO), and his successor Deb Ryan (Democrat) were 100% humiliated after a Chester County Magisterial District Judge in June dismissed the entire case against the local head of security for Energy Transfer in what the DA’s office lyingly calls a “buy a badge scheme” (see Chester DA Charges Against ME Pipe Security Chief Tossed by Judge). Yet the DA’s office is back harassing/charging the owner and an employee of a private security firm for the same thing.
    Read More “Chester DA Persecution of Off-Duty Constables Guarding ME2 Pipe”

  • Energy Services | Nuverra Environmental

    Nuverra 2Q20: COVID & Low O&G Prices “Likely” Thru Rest of Year

    August 17, 2020August 17, 2020

    Nuverra Environmental Solutions (formerly Heckmann) is one of the largest companies in the United States that handles transportation and disposal of shale drilling wastewater and leftover rock and dirt from drilling. The company has major operations in the Marcellus/Utica region. In April the company laid off roughly 100 employees (see Nuverra Environmental Cuts Budget 30%, Lays off 100 People). Last week the company released second-quarter 2020 results. Like 1Q20, the company’s revenues were down and losses were up.
    Read More “Nuverra 2Q20: COVID & Low O&G Prices “Likely” Thru Rest of Year”

  • Energy Companies | Epsilon Energy | Pennsylvania | Susquehanna County

    Epsilon Energy 2Q: $1.3M in Free Cash Flow, Revenue Down a Tad

    August 17, 2020August 17, 2020

    Epsilon Energy concentrates most of its effort on the Marcellus in Susquehanna County, PA. Epsilon doesn’t actually do any of its own drilling. The company partners with (gives money to) other companies, like Chesapeake Energy, and the other company does the actual drilling. Epsilon, according to its website, owns ~4,000 net acres in the PA Marcellus. They also own assets in Oklahoma’s Anadarko Basin. Last week the company issued its second-quarter 2020 update.
    Read More “Epsilon Energy 2Q: $1.3M in Free Cash Flow, Revenue Down a Tad”

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

    Upper Uwchlan Twp Begs Gov. Wolf to Pull ME2 Pipe Permits

    August 17, 2020August 17, 2020

    Last week Energy Transfer’s Mariner East 2X pipeline experienced an “inadvertent return”–nontoxic drilling mud coming up out of the ground where it’s not supposed to–in Chester County, PA (see Mariner East 2X Construction Causes Another Drilling Mud Spill). The Pennsylvania Dept. of Environmental Protection (DEP) immediately suspended all drilling at the site until further notice (see PA DEP Suspends ME2 Pipe Drilling at Marsh Creek State Park). The Upper Uwchlan Township Board of Supervisors sent a letter to Gov. Tom Wolf last week requesting he simply pull all of the remaining permits for the ME2 project, effectively shutting it down and preventing it from finishing–even though it’s nearly done.
    Read More “Upper Uwchlan Twp Begs Gov. Wolf to Pull ME2 Pipe Permits”

  • CNG/LNG | Industrywide Issues

    Eagle LNG Celebrates 100th LNG Bunkering at Port of Jacksonville

    August 17, 2020June 15, 2022

    In July 2018 Eagle LNG officially opened its Maxville, Florida (suburb of Jacksonville) liquefaction facility to first liquefy then transport LNG to Crowley’s new LNG bunkering facility at the Port of Jacksonville (Jaxport) where the LNG is used to fuel two Crowley LNG-powered ships designed to carry both containerized and roll-on/roll-off cargo (see Marc/Utica Gas Trucked to Jacksonville, FL for Use in LNG Ship). It’s now two years later and Eagle and Crowley recently celebrated the 100th “bunkering” event. And yes, there is a connection to the Marcellus/Utica.
    Read More “Eagle LNG Celebrates 100th LNG Bunkering at Port of Jacksonville”

  • Best of the Rest

    Shale Energy Stories of Interest: Mon, Aug 17, 2020

    August 17, 2020August 17, 2020

    OTHER U.S. REGIONS: Private donors are funding Polis administration staff positions in controversial “quid pro quo” scheme; Haynesville Shale overtakes Eagle Ford Shale; Why California’s climate policies are causing electricity blackouts; NATIONAL: Market observers look beyond fundamentals in natural gas futures’ 17-cent surge; The selection of Kamala Harris cements Joe Biden’s fracking ban credentials; Senators introduce legislation to defend property owner’s rights; How will U.S. LNG producers navigate global market uncertainty?
    Read More “Shale Energy Stories of Interest: Mon, Aug 17, 2020”

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