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Marcellus Drilling News
  • Industrywide Issues | Taxation

    “Green LNG” – The Latest Carbon Tax Scam

    October 29, 2020October 29, 2020

    There is another new scam being perpetrated on the liquefied natural gas (LNG) sector. It’s called “green LNG.” Supposedly pimple-faced millennial investors are demanding the companies they invest in (with some $110 trillion worth of money) clean up their carbon dioxide emissions or the spoiled kids will refuse to invest. Some LNG companies are going to extraordinary lengths to prove their green worthiness to these idiots.
    Read More ““Green LNG” – The Latest Carbon Tax Scam”

  • Best of the Rest

    Other Stories of Interest: Thu, Oct 29, 2020

    October 29, 2020October 29, 2020

    MARCELLUS/UTICA REGION: Oil & Gas Industry is invited to attend this Saturday’s TRUMP RALLY!; Virtual town hall on America’s energy future this Friday; OTHER U.S. REGIONS: Texas added 700 oil extraction jobs in September, first uptick since the pandemic started; NATIONAL: TC Energy awards more than $1.6 billion in American Contracts to build Keystone XL; Can Liberty Oil maverick’s corporate culture survive the U.S. shale bust?; Enterprise pipeline CEO projects oil price climb in late 2021; Biden’s painful transition from oil and gas; States that will decide the 2020 election are reliant on an industry Joe Biden has vowed to eliminate; Democrats’ energy dilemma; INTERNATIONAL: US boosts energy infrastructure push in Vietnam with raft of LNG-to-power deals; US LNG developers eye shorter contracts to lure India buyers: energy secretary; Europe moves toward requiring low-methane natural gas; Chinese energy company, U.S. oil & gas affiliate and Chinese national indicted for theft of trade secrets.
    Read More “Other Stories of Interest: Thu, Oct 29, 2020”

  • Chevron | Energy Companies | EQT Corp | Industrywide Issues | M&A

    EQT Buys Chevron M-U Assets for $735M, Floats $350M in New Stock

    October 28, 2020October 28, 2020

    Looks like the rumors were true, at least one of them. Yesterday EQT announced it has cut a deal to buy Chevron’s considerable Appalachian assets for $735 million. The Reuters rumor from September said EQT had offered $750 million (see Sources: EQT Offering $750M for Chevron’s Marcellus/Utica Assets). Also yesterday, EQT floated up to 23 million new shares of stock, on offer for $15.50 per share, attempting to raise ~$350 million to use toward the Chevron purchase.
    Read More “EQT Buys Chevron M-U Assets for $735M, Floats $350M in New Stock”

  • Crestwood Midstream | Energy Services

    Crestwood 3Q20 Update: Marcellus Stagecoach Sees Record Volumes

    October 28, 2020October 28, 2020

    In 2016 Crestwood Equity Partners formed a joint venture with New York City’s largest utility company, Consolidated Edison Inc., to operate a critical link of pipelines and storage facilities in the heart of the Utica/Marcellus, called Stagecoach Gas Services (see Con Ed & Crestwood Seal the Deal on Marcellus Pipeline/Storage JV). Crestwood, which owns and operates midstream businesses in multiple shale plays across the United States, released its third-quarter 2020 update yesterday. Guess which region generated the most revenue for the company last quarter?
    Read More “Crestwood 3Q20 Update: Marcellus Stagecoach Sees Record Volumes”

  • Brooke County | Economic Impact | Industrywide Issues | Jobs | West Virginia

    Shale Energy Saving Manufacturing Plants, Jobs in Appalachia

    October 28, 2020October 28, 2020

    Eagle Manufacturing, located in Wellsburg, WV, was struggling in the early 2000s. The company makes plastic safety products. Foreign competition was hammering the company (tough to compete with children in China who work in factories for a dollar an hour). The company almost offshored production to China, but decided to stick it out a few more years here at home. And then the Marcellus/Utica Shale miracle happened.
    Read More “Shale Energy Saving Manufacturing Plants, Jobs in Appalachia”

  • Anti-Drilling/Fossil Fuel | Enbridge | Energy Services | Industrywide Issues | Pipelines | Regulation

    Anits Ask FERC to Keep Ready-to-Start Weymouth Compressor Closed

    October 28, 2020October 28, 2020

    Anti-fossil fuel nutters believe they have an opening to try and bully the Federal Energy Regulatory Commission (FERC) into de-certifying a fully permitted and ready-to-start compressor station in Weymouth, Massachusetts because of an “emergency” release of a few puffs of natural gas during final testing of the facility.
    Read More “Anits Ask FERC to Keep Ready-to-Start Weymouth Compressor Closed”

  • Greene County (PA) | Guernsey County | Lease & Royalty Payments | Ohio | Pennsylvania

    Peregrine Energy Buys Royalty Payments from SWPA, Ohio Landowners

    October 28, 2020October 28, 2020
    Guernsey County, OH (click for larger version)

    Peregrine Energy Partners, headquartered in Dallas, Texas, continues its program to buy royalty payments from landowners in the Marcellus/Utica region. Yesterday the company announced another round of deals, this time purchased from landowners in Greene County, PA, and Guernsey County, OH.
    Read More “Peregrine Energy Buys Royalty Payments from SWPA, Ohio Landowners”

  • Ascent Resources | Beaver County | Bradford County | Butler County | Chesapeake Energy | Energy Companies | EQT Corp | Jefferson County (OH) | JKLM Energy | Marshall County | Ohio | PennEnergy Resources | Pennsylvania | Potter County | Tug Hill Operating | Washington County | Weekly Permits | West Virginia

    Weekly Shale Drilling Permits for PA, OH, WV: Oct. 19-23

    October 28, 2020October 28, 2020

    For a second week in a row, all three M-U states issued new shale drilling permits last week. Pennsylvania issued 6 new permits, Ohio issued 5 new permits, and West Virginia issued 3 new permits.
    Read More “Weekly Shale Drilling Permits for PA, OH, WV: Oct. 19-23”

  • Industrywide Issues | Pennsylvania | Regulation | Statewide PA

    M-U Fracker Explains How Biden Presidency Will End U.S. Oil Boom

    October 28, 2020October 28, 2020
    Dan Doyle, Reliance Well Services

    If you want to know what a Biden/Harris administration will look like, how it will treat the fossil fuel industry (specifically oil and gas), you can wind the clock back and look at the Obama/Biden administration and get a pretty good idea. Dan Doyle, president of Reliance Well Services, a fracking company based in Pennsylvania, lived through the hell of the Obama years. The Obama administration targeted Dan’s company and Dan personally (IRS, Dept. of Labor, Attorney General). Doyle says Obama “weaponized” the federal government against the shale industry and his company, and Biden will do the same. He reveals just how they operate.
    Read More “M-U Fracker Explains How Biden Presidency Will End U.S. Oil Boom”

  • Best of the Rest

    Other Stories of Interest: Wed, Oct 28, 2020

    October 28, 2020October 28, 2020

    MARCELLUS/UTICA REGION: US secretary of energy tours a Marcellus Shale natural gas well in Washington County; Former Rice Energy CEO files for IPO for new sustainable fuels company; The big Trump rallies you don’t see; OTHER U.S. REGIONS: BP looks to Haynesville on rising Henry Hub natural gas prices, LNG export outlook; Texas study links more than 238,000 jobs to pipelines; NATIONAL: Trump weighs executive order to show support for fracking; Despite fewer regulations, emissions are declining, oil industry says; Chevron to lay off about 25% of Noble Energy employees after merger; Fracking finally gets the attention it deserves; Brouillette: ‘When they say they will kill oil … they mean it’; INTERNATIONAL: Lower-for-longer LNG prices to put buyers in the sweet spot for years; India LNG demand growth presents opportunities, challenges for US developers; LNG-as-bunker-fuel winning converts as shipping industry eyes future CO2 rules.
    Read More “Other Stories of Interest: Wed, Oct 28, 2020”

  • Energy Companies | EQT Corp

    EQT CEO Toby Rice’s No-Comment Comments on Chevron, CNX Rumors

    October 27, 2020October 27, 2020

    We don’t know how Pittsburgh Business Times ace reporter Paul Gough does it. Yesterday we told you Gough had gotten CNX CEO Nick DeIuliis to, in a roundabout way, discuss the rumor that EQT has floated a takeover offer to his company (see CNX CEO Nick DeIuliis Responds to EQT Takeover Rumor). Gough has done it again, getting EQT CEO Toby Rice to, in a roundabout way, comment on the CNX rumor and on another rumor, that EQT is offering $750 million to buy Chevron’s Marcellus/Utica assets.
    Read More “EQT CEO Toby Rice’s No-Comment Comments on Chevron, CNX Rumors”

  • DeepRock Disposal | Energy Services | Fountain Quail Disposal | Industrywide Issues | Wastewater

    DeepRock & Fountain Quail Merge, Form Major M-U Injection Well Co.

    October 27, 2020October 27, 2020

    Two shale wastewater injection well companies, DeepRock Disposal and Fountain Quail Energy Services, have merged. The combined company is keeping the DeepRock Disposal name. The new entity is one of the largest SWD (saltwater disposal well) operators in the Appalachian Basin with 12 wells located in Ohio and West Virginia (with permits for several more). However, the bigger news (for us) is that DeepRock plans to offload barged frack wastewater–very soon.
    Read More “DeepRock & Fountain Quail Merge, Form Major M-U Injection Well Co.”

  • Chester County | Energy Services | Energy Transfer Partners | Industrywide Issues | Pennsylvania | Pipelines | Regulation | Sunoco Logistics

    Sunoco Appeals DEP Order to Reroute ME2 Pipe from Marsh Creek Park

    October 27, 2020December 18, 2020

    Energy Transfer (Sunoco Pipeline) is pushing back against a demand by the Pennsylvania Dept. of Environmental Protection (DEP) that the company’s Mariner East 2X pipeline project be rerouted around Marsh Creek State Park (in Chester County, PA) following a drilling mud spill in August. Sunoco has asked the PA Environmental Hearing Board, a special court created to hear appeals of DEP decisions, to override the DEP’s demand to reroute ME2X.
    Read More “Sunoco Appeals DEP Order to Reroute ME2 Pipe from Marsh Creek Park”

  • Bucks County | Chester County | Delaware County (PA) | Industrywide Issues | Montgomery County | Pennsylvania | Pipelines | Regulation

    Adelphia Gateway Pipeline Gets OK to Begin Some Construction

    October 27, 2020October 27, 2020
    click for larger version

    Adelphia Gateway is a plan to convert an old/existing 84-mile oil pipeline stretching from Northampton County, PA through Bucks, Montgomery, and Chester counties, terminating in Delaware County at Marcus Hook, into a natural gas pipeline–flowing Marcellus gas to southeast PA. Earlier this month the project received permission from the Federal Energy Regulatory Commission (FERC) to begin work on converting part of the existing pipeline.
    Read More “Adelphia Gateway Pipeline Gets OK to Begin Some Construction”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues | LDCs | New York | Pipelines | Tompkins County

    NYSEG Tells Lansing, NY Turn Down Thermostat to Avoid Gas Shortage

    October 27, 2020October 27, 2020

    This would be funny if it weren’t so darned sad. In Lansing, NY, just outside of Planet Ithaca in Tompkins County, the local utility (NYSEG) wanted to build a short pipeline in 2017 to supply new customers with natural gas, but was blocked by crazies who irrationally hate fossil fuels (see Lansing NY Officials Fight Back Against Tinfoil Hat Fossil Fuel Haters). The pipeline was never built and since that time businesses and homeowners who wanted to build in the town have gone elsewhere. There’s the unmistakable stench of economic death in the air around Lansing (see Natgas Customer Moratorium Killing Ithaca Suburb of Lansing, NY). NYSEG now has an alternative to building the pipeline–turn down the thermostat.
    Read More “NYSEG Tells Lansing, NY Turn Down Thermostat to Avoid Gas Shortage”

  • EdgeMarc Energy | Energy Companies | Industrywide Issues | Litigation

    EdgeMarc Energy Settles $1.2M Class Action Lawsuit re Overtime

    October 27, 2020October 27, 2020

    A lawsuit against Pennsylvania driller EdgeMarc Energy that began in 2018 is finally settled. In Sept. 2018 MDN told you about a single former employee of EdgeMarc launching what turned into a class action lawsuit against the company alleging some employees were misclassified as independent contractors and denied overtime pay (see EdgeMarc Energy Sued for Failing to Pay Overtime – Class Action).
    Read More “EdgeMarc Energy Settles $1.2M Class Action Lawsuit re Overtime”

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