MDN’s Energy Stories of Interest: Thu, Feb 5, 2026
OTHER U.S. REGIONS: The most regressive tax you’ve never heard of; Massachusetts’s new hydro-power grid fails – will New York be next?; NATIONAL: U.S. natural gas futures gain ahead of storage data; More data centers plan to build their own natural gas plants for power; House lawmakers press FERC on affordability, reliability and gas; U.S. power boom triggers global gas turbine shortage; When it comes to climate and energy, let’s retire the politics of fear; INTERNATIONAL: Oil ends higher amid rising Middle East risks; Russian oil revenues plunge to 5 year low; AI power needs may turn LNG glut to gap by 2030, says Qatar Energy CEO. Read More “MDN’s Energy Stories of Interest: Thu, Feb 5, 2026”
Yesterday, MDN brought you the big news that Devon Energy is buying out and merging with Coterra Energy, paying $21.4 billion in Devon stock (see 
Not that he isn’t already a very rich man, but Coterra Energy CEO Tom Jorden stands to rake in an additional $6 million to $9 million (possibly much more) from a “golden parachute” if the proposed merger between Coterra and Devon Energy goes through. Based on the reports following the merger announcement between Coterra and Devon, Coterra’s upper management (in particular, Jorden) is protected by substantial “golden parachute” (change-in-control) agreements. These agreements were specifically updated just before the deal was made public to ensure executive retention and fair treatment during the transition. 
In December, MDN brought you the news that Antero Resources, the country’s fifth-largest natural gas producer and largest producer in West Virginia, had cut a deal to buy WV driller and midstreamer HG Energy II for a combined $3.9 billion, paying $2.8 billion for upstream and $1.1 billion for midstream (see 
Last July, President Trump and PA U.S. Senator Dave McCormick attended a meeting in Pittsburgh to announce an amazing $92 billion of private (no taxpayer funding) investment in the Keystone State, mainly in the data center sector (see 
In December, MDN reported that pipeline giant Williams, through its new subsidiary, Will-Power, plans to build a third gas-fired power plant to power a Meta (Facebook) data center complex in Bowling Green, OH (see 
In 2015, MPLX (i.e., Marathon Petroleum) bought out and merged in the Utica Shale’s premier midstream company, MarkWest Energy, for $15 billion (see 
Natural gas futures suffered a historic 26% collapse—the steepest one-day percentage drop since 1995 (over 30 years!)—as the most-active “front month” contract plunged over a dollar to close at $3.237/MMBtu. This dramatic retreat was fueled by forecasts of “well above normal” temperatures across the Eastern U.S. and a recovery in production following recent freeze-offs, both of which point toward a looming inventory buildup. Although analysts at NatGasWeather.com suggest the market may have overshot the actual data, the combination of a thawing climate and stabilizing supply clearly spooked investors enough to trigger this record-breaking slide. 
Two pipeline kingpins are engaged in a deathmatch with the Federal Energy Regulatory Commission (FERC) to get their competing pipeline projects approved. One is Williams’ Transco Southeast Supply Enhancement Project (SESE), the other is EQT’s MVP Southgate project (see 
West Virginia Senate Bill (SB) 706 proposes reducing the state’s severance tax from 5% to 3% for new natural gas and oil wells drilled after June 30, 2026, that meet specific production thresholds. This reduction applies only to future projects, leaving existing wells at current rates. While severance taxes provide vital but volatile revenue—ranging from $98 million to $588 million in recent years—this legislation seeks to adjust the fiscal landscape for one of the state’s most profitable resources. The bill is currently under review by the Senate Committee on Energy, Industry, and Mining and awaits further legislative approval. 
Pipeline giant Williams is going on a PR offensive to pressure New York State to approve the 125-mile (99 miles in NY) Constitution Pipeline from the prolific gas fields of Susquehanna County, PA, into and through New York State, to Schoharie County, where it would connect with two other interstate pipeline systems to flow molecules to New York City and New England. On its blog site, Williams recently published a post titled “Winter storms underscore why infrastructure is needed,” with the subtitle “Severe cold underscores need for Constitution Pipeline.”