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Marcellus Drilling News
  • Anti-Drilling/Fossil Fuel | Industrywide Issues | New York | Pipelines

    NYC Mayor de Blasio Seeks to Block Brooklyn NatGas Pipe Project

    December 4, 2020December 4, 2020

    Mob rule now prevails in New York City under Mayor Bill de Blasio. In February we told you about a mob of anti-fossil fuelers attempting to block the final few feet of construction for a 6.8-mile natural gas pipeline stretching from Brownsville to North Brooklyn (see Will a Brooklyn, NY Mob Stop Completion of National Grid Pipeline?). The pipeline still isn’t done ten months later, and now de Blasio is calling for the builder, National Grid, to abandon it.
    Read More “NYC Mayor de Blasio Seeks to Block Brooklyn NatGas Pipe Project”

  • Crude Oil | Industrywide Issues

    Enverus U.S. Rig Count Up Again, PA Marcellus Loses 1 Rig

    December 4, 2020December 4, 2020

    The Enverus U.S. rig count continues to rise. Two weeks ago the nationwide count was 382. As of Wednesday, the count stood at 396, up 14. Over the past week, the Marcellus shale play in northeastern PA lost a rig. The combined M-U rig count is now 32.
    Read More “Enverus U.S. Rig Count Up Again, PA Marcellus Loses 1 Rig”

  • Best of the Rest

    Other Stories of Interest: Fri, Dec 4, 2020

    December 4, 2020December 4, 2020

    MARCELLUS/UTICA REGION: Summit Midstream regains compliance with NYSE minimum price continued listing standard; OTHER U.S. REGIONS: Massachusetts AG tells Bloomberg group of plan to use its attorneys to enforce Paris climate treaty; NATIONAL: ‘Methane’ sounds worse than ‘natural gas’; INTERNATIONAL: NUS team invents ‘fast and safe’ way to convert natural gas to solid form; OPEC, allies agree to increase output by 500,000 barrels a day in January; More than 140 trucks, buses switch to natural gas in Vancouver; Making shipping cleaner – is LNG the answer?
    Read More “Other Stories of Interest: Fri, Dec 4, 2020”

  • CNX Resources | Energy Companies | Industrywide Issues | M&A

    CNX CEO Nick Deluliis Talks About “Hard Truths” in M&A at DUG East

    December 3, 2020December 3, 2020

    Yesterday CNX CEO Nick Deluliis was one of the keynote speakers at the annual DUG (Developing Unconventional Gas) East event, held virtually this year. Normally DUG is held at the Convention Center in Pittsburgh. Deluliis’ talk was wide-ranging, but much of it concentrated on mergers and acquisitions, particularly M&A in the Marcellus/Utica. Deluliis is not much interested in horizontal M&A for CNX, but he is intrigued by vertical M&A.
    Read More “CNX CEO Nick Deluliis Talks About “Hard Truths” in M&A at DUG East”

  • Energy Companies | EQT Corp | Industrywide Issues | Litigation | M&A | Rice Energy

    Judge Allows Class Action Against EQT/Rice 2017 Merger to Proceed

    December 3, 2020December 3, 2020

    In June 2019 the Cambridge (Massachusetts) Retirement System sued EQT claiming EQT’s executives had made false and misleading statements about their 2017 purchase of Rice Energy–claims about cost efficiencies that never materialized, and claims about the location of Rice leases that were not as close to EQT’s acreage as claimed (see Mass. Retirement Fund Sues EQT for Plummeting Stock Price). In a word, Cambridge alleged fraud on the part of EQT’s executives and seeks to turn their lawsuit into a class action on behalf of all investors who owned EQT stock at that time.
    Read More “Judge Allows Class Action Against EQT/Rice 2017 Merger to Proceed”

  • Economic Impact | Industrywide Issues | Ohio | Research | Statewide OH

    Jul-Dec 2019 Private Investment in Ohio Utica Shale: $3 Billion

    December 3, 2020December 3, 2020
    click for larger version

    Each year Cleveland State University publishes a report for JobsOhio looking at how much money has been invested by the private sector in the Utica Shale (and related) industry. The CSU’s eighth report (full copy below) was recently released and shows some eye-popping numbers. Total shale investment from July through December 2019 in Ohio was approximately $3.06 billion, including upstream, midstream, and downstream. Cumulative shale oil and gas investment in Ohio through the end of 2019 is estimated to be $86.4 billion! It’s hard to wrap your head around that kind of money and its impact on the Ohio economy.
    Read More “Jul-Dec 2019 Private Investment in Ohio Utica Shale: $3 Billion”

  • Chesapeake Utilities | Energy Services | Industrywide Issues | Maryland | Pipelines | Regulation | Statewide MD

    Maryland Board of Public Works Approves Tiny Pipe in Eastern Shore

    December 3, 2020December 3, 2020

    Two years ago the Maryland Board of Public Works (BPW), which has three members (two leftwing Democrats and RINO Gov. Larry Hogan), rejected an 8-inch, 3.5-mile pipeline (tiny!) that would travel under the Potomac River, even though 12 other pipelines have previously been built under the Potomac in the same general vicinity (see Maryland Pulls a NY, Rejects Pipeline Under Potomac River). Yesterday the same group of three BPW lefties approved a 10-inch, 6.83-mile pipeline for a different company. Our conclusion: The fix is in. Corruption.
    Read More “Maryland Board of Public Works Approves Tiny Pipe in Eastern Shore”

  • Ascent Resources | CNX Resources | Energy Companies | PennEnergy Resources

    2021 Upstream Outlook: M-U CEOs Say Gas Market Will Improve

    December 3, 2020December 3, 2020

    Yesterday Hart Energy held its annual (always excellent) DUG (Developing Unconventional Gas) East event. Normally the event is held at the Convention Center in Pittsburgh. This year it was an all-virtual event. Among the speakers were CNX CEO Nick Deluliis, PennEnergy Resources CEO Rich Weber, and Ascent Resources CEO Jeff Fisher. While it’s not all blue skies and sunshine ahead, all three CEOs painted a picture of 2021 that’s better than 2020.
    Read More “2021 Upstream Outlook: M-U CEOs Say Gas Market Will Improve”

  • Antero Midstream | Energy Services | Equitrans/EQT Midstream | Industrywide Issues | Pipelines | Research | Williams

    2021 Midstream Outlook: Less Assoc Gas = Good News for M-U Pipe Cos.

    December 3, 2020December 3, 2020

    Each year East Daley Capital publishes its Midstream Guidance Outlook which looks at themes and trends affecting the midstream (pipeline) sector in the coming year. The latest version of Daley’s report has just been released and draws some interesting conclusions about the midstream in 2021. Namely, associated gas growth in the Permian and elsewhere will go down and result in rising gas demand from the Marcellus/Utica and Haynesville gas plays. The big winners will be M-U pipeline companies, including Williams, Antero Midstream, and Equitrans (EQT Midstream).
    Read More “2021 Midstream Outlook: Less Assoc Gas = Good News for M-U Pipe Cos.”

  • Best of the Rest

    Other Stories of Interest: Thu, Dec 3, 2020

    December 3, 2020December 3, 2020

    MARCELLUS/UTICA REGION: Planning Commission approves natural gas development project; NATIONAL: Biden’s plan to create millions of energy jobs might work, but…; China can literally pull the plug on US high tech manufacturing and defense applications; Wheeler warns of rules by a ‘future administration’; The oil industry narrowly avoided an election disaster…now it’s showing signs of life; Teaching climate crisis in classrooms critical for children, top educators say.
    Read More “Other Stories of Interest: Thu, Dec 3, 2020”

  • Ascent Resources | Carroll County | Energy Companies | Guernsey County | Harrison County | Jefferson County (OH) | Ohio

    Ascent Resources Selling Some Ohio Assets in “Core” of Utica Play

    December 2, 2020December 2, 2020

    Ascent Resources has listed for sale two “packages” of its assets in the core of the Utica Shale in Ohio. One package contains a non-operated interest in 68 wells and 1,362 net leasehold acres. The second package includes a royalty interest in 10 wells and 106 net revenue interest acres. Details on where the assets are located (which counties) and other details are in the listing below.
    Read More “Ascent Resources Selling Some Ohio Assets in “Core” of Utica Play”

  • Ascent Resources | Bradford County | Butler County | Chesapeake Energy | Coterra Energy (Cabot O&G) | Encino Energy | Energy Companies | EQT Corp | Fayette County | Greene County (PA) | Harrison County | Jefferson County (OH) | Ohio | Pennsylvania | Range Resources Corp | Susquehanna County | Washington County

    Weekly Shale Drilling Permits for PA, OH, WV: Nov. 23-27

    December 2, 2020December 2, 2020

    Last week Pennsylvania issued 12 new shale well drilling permits with a mix of permits issued in both the southwest (wet gas) and northeast (dry gas) regions of the state. Ohio issued 7 new permits, all of them except one in the same county (Jefferson). West Virginia was a goose egg–no new permits issued last week.
    Read More “Weekly Shale Drilling Permits for PA, OH, WV: Nov. 23-27”

  • Enbridge | Energy Services | Industrywide Issues | Pipelines

    Weymouth, MA Compressor Station Starts Up on Friday, Dec. 4

    December 2, 2020December 2, 2020

    On Monday MDN brought you the exciting news that Enbridge’s Weymouth compressor station project, the final piece of the $452 million Atlantic Bridge expansion project, has received permission from the federal Pipeline and Hazardous Materials Safety Administration (PHMSA) to begin operations “in early December” (see Weymouth, MA Compressor Station Gets Greenlight to Start Operating). We now have a specific date when it will start up: this Friday, Dec. 4. As an added bonus, antis are creating an “elf effigy.”
    Read More “Weymouth, MA Compressor Station Starts Up on Friday, Dec. 4”

  • Industrywide Issues | Michigan | NGLs | Pipelines | Statewide MI

    Converted Ethane Pipeline to Flow M-U Propane Across Michigan

    December 2, 2020December 2, 2020
    Michigan Express Pipeline map (click for larger version)

    Silver Wolf Midstream, a new company with offices in Michigan and Texas, is in the final stages of buying and will soon convert an existing 225-mile, 8-inch coated steel ethane pipeline in Michigan. The pipeline, to be renamed the Michigan Express Pipeline, will be repurposed to flow propane instead of ethane. We wouldn’t be interested in this project if not for the fact there’s a Marcellus/Utica connection.
    Read More “Converted Ethane Pipeline to Flow M-U Propane Across Michigan”

  • Anti-Drilling/Fossil Fuel | CNG/LNG | Industrywide Issues

    RI’s Eco-Socialists Want Nothing Done to Prevent Gas Outage

    December 2, 2020December 2, 2020

    In January 2019, Aquidneck Island (part of Rhode Island) ran out of natural gas and left thousands without heat on the island for days during a frigid cold snap. Concerned that it would happen again, in November 2019 the Rhode Island Energy Facility Siting Board waived a licensing requirement to allow a “temporary” LNG storage facility in Portsmouth (see With “Backs Against Wall” Rhode Island Approves LNG Facility). The gas utility, National Grid, conducted a study and presented various options to keep this from happening again. Which option do Aquidneck Island legislators prefer?
    Read More “RI’s Eco-Socialists Want Nothing Done to Prevent Gas Outage”

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

    Yale Researchers Survey Best Way to Propagandize Against NatGas

    December 2, 2020December 2, 2020

    “He who controls the language controls the masses.” (Saul Alinsky) What’s the best way to mass-brainwash and influence the public against something? Change the language about the issue. Saul Alinsky in his “Rules for Radicals” knew this. Hillary Clinton, Barack Obama, and other prominent leftists are disciples of the socialist Alinsky. Researchers at the once-great Yale University are Alinskyites too. Yale researchers recently conducted a poll of people’s attitudes toward the words “methane” and “natural gas” and found folks are much more favorable to the latter, viewing methane far more negatively. Conclusion: Force society to call it “methane” so the left can once-and-for-all destroy the “clean” reputation of natural gas and (hopefully) end all use of it.
    Read More “Yale Researchers Survey Best Way to Propagandize Against NatGas”

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