The 2020 Election All Comes Down to Fracking in Pennsylvania
There is a reason why President Trump and sleepy/creepy Uncle Joe Biden are visiting Pennsylvania so much. It is one of the “battleground” states, likely THE state, that will determine who wins the presidential race next week. The key issue both candidates talk about is fracking. Joe Biden (says Donald Trump) will take away the right to frack in PA, and along with it thousands of jobs. Biden insists he won’t ban fracking, but in the next breath says he will “transition” the country away from using oil (and gas, all fossil fuels) over the next 15 years. Which is, in essence, a ban on fracking.
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MARCELLUS/UTICA REGION: Range Resources starting to deliver on its considerable potential; Coal magnate Robert E. Murray dies at age 80; OTHER U.S. REGIONS: Another public oil and gas operator in Oklahoma announces merger plans; NATIONAL: Natural gas futures, cash back above $3.00 as LNG demand reaches fresh highs; US shale tries to answer the carbon question; Oil and gas production to account for 68 percent of energy consumption over next two decades; Sanctions likely to dominate US-Russia energy links post election; Shale oil & gas M&As pick up: here’s what investors must know; Rockefeller Foundation pledges $1 billion for ‘green’ and ‘inclusive’ COVID-19 recovery; INTERNATIONAL: New Fortress Energy invests in green hydrogen production technology company H2Pro; AMLO mulling rollback of ‘neoliberal’ energy policies as U.S. legislators sound alarm.
In June MDN told you that the East Pittsburgh Borough Zoning Board, bullied by anti-fossil fuel radicals, had revoked a permit allowing a series of Marcellus Shale wells to be drilled on the property of U.S. Steel Corp.’s Edgar Thomson steel mill, the oldest still-operating steel mill in the country (see
The Federal Energy Regulatory Commission (FERC) finally, after months of dithering, granted approval to TC Energy to begin construction of its Louisiana XPress project to beef up flows along the existing Columbia pipeline system by an additional 850 million cubic feet per day (MMcf/d) by adding three new compressor stations and expanding a fourth compressor in Louisiana.
Once again the Mariner East 2 pipeline project is up Snitz Creek…without a paddle? There have been a number of “inadvertent returns” or mud spills in Snitz Creek, place where drilling mud is used to grease a drill bit for drilling holes under the creek. Mud has popped up where it’s not supposed to. Some of the mud spills have been, literally, just a couple of gallons. NOTHING. A recent spill on Oct. 19 was for 200 gallons.
Radicalized leftists from environmental groups like the Environmental Defense Fund (EDF) are no longer content to try and prevent the construction of new natural gas pipelines, they now seek to shut down already-built and flowing pipelines. Case in point: A year ago the Spire STL pipeline came online flowing Marcellus/Utica molecules to the St. Louis area (see
Back in March, just as the COVID-19 pandemic was beginning to enter the public consciousness, some 500 people from labor unions and industry met in Pittsburgh to launch an organization called Pittsburgh Works Together (PWT), dedicated to fighting back against those who want to end southwest PA industries including steel, natural gas, and petrochemicals (see
Bloomberg is reporting insider sources say EQT, already the biggest natural gas producer in the country (and pureplay driller in the Marcellus/Utica), has sent a takeover proposal to CNX Resources, another major Marcellus/Utica driller. Friendly? Hostile? Who knows. In September inside sources told Reuters that EQT had made a bid on Chevron’s extensive M-U acreage (see
Although the big news from yesterday is that EQT is rumored to be eyeing a takeover of CNX Resources (see our lead story today), EQT released its third-quarter 2020 update yesterday with news almost as big. EQT previously announced it is looking to sell its right to ship gas along the Mountain Valley Pipeline (MVP). Yesterday the company said it believes a sale of its MVP capacity will happen by the end of this year.
Patterson-UTI Energy released its third-quarter 2020 update yesterday. The company operates a number of rigs in the Marcellus/Utica region. According to its website, Patterson has 12 active rigs in the M-U (which is more than one-third of all active M-U rigs). CEO Andy Hendricks said yesterday that fracking activity across a number of shale plays is coming back and will continue to grow in 2021.
The Enverus U.S. rig count rose by 11 to 347 over the past week, after having going up by 13 the week before (see
Petulant anti-fossil fuel nutters in New Jersey have succeeded in bullying NJ Transit into dropping a plan to build a backup (to be used in emergencies only) gas-fired power plant in Kearny, NJ. Score another victory for green bullies.
What more can we say? For those who mistakenly (stubbornly) insist that Biden couldn’t “really ban fracking,” last night sleepy/creepy Uncle Joe pledged to end the use of oil and fossil fuels and “transition away from the oil industry,” calling oil a “significant” polluter. Yes, he’s off his rocker. WAKE UP! If you work for or depend on the oil and gas industry, a vote for Joe Biden is a vote to end your job. It really is that simple. He is telling us he is coming for oil and gas jobs. PLEASE believe him.