OH Long Ridge Energy Power to Blend Hydrogen with Utica Gas
In June 2019 Long Ridge Energy Terminal in Monroe County, OH (transloading facility) began to build a 485-megawatt Utica gas-fired electric plant (see Work Begins on Gas-Fired Elec Plant in Monroe County, OH). The new Utica-fired plant is supposed to be up and running in “late 2021.” But what’s this? Even before it’s built, the owners have announced they are transitioning the plant away from Utica gas to burn hydrogen instead.
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In September MDN told you that Cove Point LNG had gone offline for roughly three weeks for its annual plant maintenance routine (see 
Late Friday the Federal Energy Regulatory Commission (FERC) granted permission to Mountain Valley Pipeline (MVP) to restart work on all but a 25-mile segment of the 92% completed project (see 
Only Pennsylvania issued permits to drill new shale wells last week in the Appalachian region. Neither Ohio nor West Virginia issued any new drilling permits from Oct. 5-9. In PA, some 20 permits were issued in both the northeast and southwest parts of the state.
MARCELLUS/UTICA REGION: NYPA reaches peaker agreement; NATIONAL: Chart buys Worthington cryogenic and hydrogen business; ConocoPhillips in talks to buy Concho Resources in big shale bet; Morgan Stanley sees oil prices struggling to break above $50; Chevron to stay wedded to shale, for ‘incredible flexibility’; America in 2022 after a Biden-Harris win; The Supreme Court is taking critical step towards resolving frivolous climate suits; Down and out: bankruptcy valuations portend production declines.
We spotted a couple of stories, one in Barron’s the other in the Wall Street Journal, about the pickup in the futures price of natural gas over the past week, and how those recent gains have led to impressive gains in the share price for Marcellus/Utica drillers. Yesterday the NYMEX Henry Hub futures price closed up 4.11% to $2.74/Mcf. The rising tide lifts all boats.
Here we go again. Just last week we told you that a New York City law firm couldn’t find enough interest to make a class action lawsuit against Cabot Oil & Gas using a sham indictment from the highly political Pennsylvania Attorney General’s office, so the law firm pulled the plug on the case (see 
In July MDN told you that frac sand company Hi-Crush, which has customers in the Marcellus/Utica, had filed for bankruptcy (see 
Donald Trump is NOT lying about Joe Biden and the words Biden has used about his desire to ban fracking *and* eliminate the use of fossil fuels. We have the video (below) showing clips from various Biden events where he unequivocally states he will ban fracking, and (in time) eliminate the use of all fossil fuels. This is Biden in his own words. So was Biden lying then? Or is he lying now?
Each year the International Energy Agency (IEA) issues a special World Energy Outlook report. The 2020 edition was released this morning. Of course, the pandemic and energy demand destruction resulting from the pandemic is front and center in this report. The report forecasts global energy demand will drop by 5% in 2020, energy-related CO2 emissions by 7%, and energy investment by 18%. When will things turn around?
After more than a year of being on pause due to lawsuits from Big Green groups, the 92%-complete Mountain Valley Pipeline (MVP) finally has permission to resume construction in West Virginia and Virginia. Late Friday the Federal Energy Regulatory Commission (FERC) granted permission to MVP to restart work on all but a 25-mile segment. We suspect workers are back on the job even as you read this.
Chesapeake Energy filed for bankruptcy in June (see 
Well that’s disappointing. Earlier this year Energy Solutions Consortium (ESC) asked the State of West Virginia to guarantee a $5.5 million loan for a proposed new shale gas-fired power plant planned for Brooke County which would help them secure even more funding for the project. Several weeks ago the state went one better than the original request and said it would not only guarantee the loan, it would actually make the loan (see 
Anti-fossil fuelers have struck out again with another of their wild claims about pipelines poisoning the environment. Antis alleged steel pipes coated with epoxy (that had to sit in storage on location for years due to sham lawsuits by Big Green groups), are not safe. The Federal Energy Regulatory Commission (FERC) says otherwise.