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Marcellus Drilling News
  • Anti-Drilling/Fossil Fuel | CNG/LNG | Energy Services | Industrywide Issues | New Fortress Energy

    Dela. Riverkeeper Tries to Scare Neighbors of NJ LNG Loading Dock

    February 10, 2020February 10, 2020

    New Fortress Energy plans to build a $96 million, 1,600-foot-long pier and storage facility on the Delaware River (Gloucester County, NJ) to be used for docking and loading two ships at a time with LNG. The LNG will be manufactured at a plant in landlocked Bradford County, PA and shipped to the NJ facility via rail (see U.S. Gov’t Grants New Fortress Permit to Ship NEPA LNG by Rail!). From the start when the project was announced, THE Delaware Riverkeeper has tried to whip up opposition to the project, without much success (see Enviro Leftists Keep Up Attack on LNG Export Dock on Dela. River).
    Read More “Dela. Riverkeeper Tries to Scare Neighbors of NJ LNG Loading Dock”

  • Economic Impact | Industrywide Issues | Jobs | Pennsylvania | Processing Plants | Regulation | Statewide PA

    Unions Push PA Legislators to Override Wolf Veto of Petchem Bill

    February 10, 2020February 10, 2020

    Pennsylvania House Bill (HB) 1100, aimed at attracting new petrochemical investment to the state, was previously passed by the PA House, and last week, by the Senate (see PA Senate Tweaks, Passes Bill Attracting Cracker-Type Investment). Gov. Tom Wolf (liberal Democrat) says he will veto the bill anyway–denying the state billions of private economic stimulus it could receive (see Gov Wolf to Veto Bill Attracting Cracker-Type Investment to NEPA). The bill was passed by a large bipartisan majority in both the House and Senate. There’s a good chance Democrats will join Republicans to override Wolf’s veto.
    Read More “Unions Push PA Legislators to Override Wolf Veto of Petchem Bill”

  • Energy Companies | Gulfport Energy

    Gulfport Continues Board “Refreshment” – 5th Change in 2 Months

    February 10, 2020February 10, 2020
    Valerie Jochen

    In mid-November Gulfport Energy, one of the biggest drillers in the Ohio Utica Shale (210,000 acres), announced they would lay off 13% of their workforce, end (for now) their stock share buy-back program, and “refresh” the board with three new members (see Gulfport Fires 13% of Workers, Ends Stock Buy-Back, Board Changes). Five weeks later and the company announced yet another new board member (see Gulfport Continues Board “Refreshment” – 4th Change in 5 Weeks). And now, a fifth new board member in just a little over two months. What’s going on?
    Read More “Gulfport Continues Board “Refreshment” – 5th Change in 2 Months”

  • Electrical Generation | Industrywide Issues | Regulation | Statewide WV | West Virginia

    “Kill NatGas Later” Plan Floated by WV Republican Congressman

    February 10, 2020February 10, 2020

    While we’re sure he means well, Congressman David McKinley, a professional engineer (P.E.) from West Virginia (Republican) has thrown his support behind a “bipartisan” effort to create a new federal bureaucracy to oversee the decarbonization of the power generation sector. In other words, an effort that will end the use of natural gas to generate electricity–by 2050. We just can’t support something like that. It’s short-sighted, heavy-handed, and creating a new federal bureaucracy simply goes in the wrong direction. Period.
    Read More ““Kill NatGas Later” Plan Floated by WV Republican Congressman”

  • Best of the Rest

    Shale Energy Stories of Interest: Mon, Feb 10, 2020

    February 10, 2020February 10, 2020

    MARCELLUS/UTICA REGION: Ohio shale gas permits slow in the face weak gas prices; Protect PT to host workshop against fracking; Chesapeake Energy requests waiver on setback to drill well in Bradford County; Why Pa.’s public pension funds have millions of dollars of your money tied up in the natural gas industry; NATIONAL: Could the flight shaming movement take off in the U.S.? JetBlue thinks so.; Alternative energy can’t replace hydrocarbons; Unlike in Europe, the US approach to climate change is actually working; A climate blacklist that works: “It should make her unhirable in academia”; INTERNATIONAL: Power and natural gas roil energy shift: what to know at E-World; Oil prices could fall much further as Russia refuses additional production cuts.
    Read More “Shale Energy Stories of Interest: Mon, Feb 10, 2020”

  • Energy Services | Industrywide Issues | Iroquois Gas Transmission | New York | Pipelines | Statewide NY

    Due to Cuomo Pipeline Ban, Iroquois Imports Canadian Gas for NY

    February 7, 2020February 13, 2020

    Andrew Cuomo’s blockade of important pipeline projects like the Williams Constitution Pipeline (from northeast PA into NY) continues to keep the price of natural gas high in the Empire State. The Constitution, which was supposed to be built years ago, is supposed to connect to two other interstate pipelines, one of them the Iroquois (see Iroquois Announces Interconnect for Constitution Pipeline in NY). That never happened, and because of it, the Iroquois must import Canadian natural gas *every single day* in order to meet demand–gas that costs much more than the cheap, abundant and clean-burning gas from a few miles away in the PA Marcellus.
    Read More “Due to Cuomo Pipeline Ban, Iroquois Imports Canadian Gas for NY”

  • Columbia Pipeline Group | Energy Services | Industrywide Issues | Kinder Morgan | Pipelines | Regulation | TC Energy/TransCanada

    FERC Favorable EA for Columbia Louisiana XPress, M-U Gas to Gulf

    February 7, 2020February 7, 2020

    The Federal Energy Regulatory Commission (FERC) has taken the first, very big and important step of approving an environmental assessment (EA) for TC Energy/Columbia Transmission’s Louisiana XPress Project. TC/Columbia filed an application with FERC last July for the project (see Columbia Asks FERC to OK Louisiana XPress, M-U Gas to Gulf). Yes, there’s a direct tie-in to the Marcellus/Utica…
    Read More “FERC Favorable EA for Columbia Louisiana XPress, M-U Gas to Gulf”

  • Industrywide Issues | Regulation

    WV Rejoices that Obama EPA “Reign of Terror” re WOTUS Now Over

    February 7, 2020February 7, 2020
    Obama and his EPA chief Gina McCarthy – “regulatory reign of terror”

    One of the worst overreaches and offenses of the Obamadroids was to redefine what “waters of the United States” (or WOTUS) actually means. As they were getting ready to leave power, the Obama EPA redefined WOTUS as everything down to large mud puddles–no lie (see EPA Power Grab: Redefines Waters of the U.S. to Include Everything). When Donald Trump took over, he set out to correct Obama’s conceit by bringing the WOTUS definition back into the realm of reality. That happened a few weeks ago (see Finally! EPA, Army Corps Releases Final ‘Waters of the U.S.’ Rule).
    Read More “WV Rejoices that Obama EPA “Reign of Terror” re WOTUS Now Over”

  • Industrywide Issues | Pennsylvania | Statewide PA | Taxation

    Wolf Lies About 2020 Proposed Budget – Includes $4.5B Tax Increase

    February 7, 2020February 7, 2020

    Pennsylvania Gov. Tom Wolf flat out, 100% lied when he introduced his latest annual budget on Tuesday, declaring “it doesn’t raise taxes.” B.S. As he has done for the past six budgets, Wolf once again is calling for a new severance tax on the Marcellus. On top of the existing impact tax (the equivalent of a severance tax). Wolf’s plan calls for a new tax that would steal $4.5 billion out of the pockets of drillers and landowners in order to redistribute their hard-earned wealth to a panoply of others.
    Read More “Wolf Lies About 2020 Proposed Budget – Includes $4.5B Tax Increase”

  • Electrical Generation | Industrywide Issues | Pennsylvania | Regulation | Statewide PA

    PA Rep. Daryl Metcalfe Shuts Down Antis During RGGI Hearing

    February 7, 2020February 7, 2020

    Pennsylvania State Rep. Daryl Metcalfe, Majority Chair of the House Environmental Resources and Energy Committee, doesn’t put up with the juvenile antics from the Democrats on his committee–like Danielle Friel Otten and Greg Vitali–from those who violate decorum by pretending they want to ask a question when in fact they want to pontificate like the gasbags they are. Wednesday at a hearing on the Regional Greenhouse Gas Initiative (RGGI), Metcalfe shut down Otten and Vitali when they attempted to violate rules and bloviate instead of asking relevant questions.
    Read More “PA Rep. Daryl Metcalfe Shuts Down Antis During RGGI Hearing”

  • Hydraulic Fracturing | Industrywide Issues | Pennsylvania | Research | Susquehanna County

    Study: Landowners Who Claim Frack Pollution, It’s All in Your Head

    February 7, 2020February 7, 2020

    A fascinating new study has just been published in the peer-reviewed journal Science of The Total Environment. The new study, titled “Characterizing anecdotal claims of groundwater contamination in shale energy basins,” looks at the perception of landowners who say local fracking activities have impacted (polluted) their water wells–versus reality. The study finds that in most cases the so-called pollution problems of these water wells is (using our own words here) “all in the heads” of the landowners. It’s not real. Fracking, in fact, has NOT caused the pollution of their wells. Researchers studied wells in the Texas Barnett and Eagle Ford, the Louisiana Haynesville, and (yep) the Pennsylvania Marcellus–in Dimock.
    Read More “Study: Landowners Who Claim Frack Pollution, It’s All in Your Head”

  • Commodity Price | Electrical Generation | Industrywide Issues

    Low Price Silver Lining: Power Generation Uses More Natural Gas

    February 7, 2020February 7, 2020

    If there’s any silver lining to the ongoing low price for natural gas (NYMEX price closed at $1.86 yesterday), it is that gas-fired power generation kicks in with more demand, which will ultimately cause the price to rise–or at least not fall any further. Electric generation is a critically important market for natural gas. We spotted a couple of interesting articles. The first, from Platts, outlines the relationship of low gas prices to more switching from coal to gas. Platts says if gas stays under $2/Mcf, “power burn could see significant upside risk.” The other article, from Rigzone, says natgas will generate nearly 40% of all electricity in 2020–double what it generated just 10 years ago.
    Read More “Low Price Silver Lining: Power Generation Uses More Natural Gas”

  • Best of the Rest

    Shale Energy Stories of Interest: Fri, Feb 7, 2020

    February 7, 2020February 7, 2020

    MARCELLUS/UTICA REGION: Appalachia, Permian drop by five rigs each in biggest play changes; Fake news is fracking endemic in environmentalism; OTHER U.S. REGIONS: New olefins cracker starts service in Louisiana; NATIONAL: Natural gas: capital retreat to send prices 50% higher; U.S. natural gas prices dip to four-year lows; Total’s U.S. portfolio said ready to drive global LNG sales growth; Energy Capital pauses pipeline deals on widening shale despair; Liberty Oilfield deploys new frac fleet, plans new build; Exxon: shale production growth is through the roof, and it’s just getting started; INTERNATIONAL: U.S. LNG export arb said ‘nearly’ shut as coronavirus curbs Asian buying; Failed OPEC response to coronavirus shows Russia is in charge; China reneges on commodity deals, worsens global trade chaos.
    Read More “Shale Energy Stories of Interest: Fri, Feb 7, 2020”

  • Accidents | Energy Companies | Industrywide Issues | Inflection Energy | Lycoming County | Pennsylvania

    PA AG Shapiro Says 2017 Inflection Wastewater Spill is a Crime

    February 6, 2020February 6, 2020

    Pennsylvania Attorney General Josh Shapiro claims an accident in 2017 (based on human error) that resulted in 63,000 gallons of produced water in Lycoming County, PA spilling onto the ground (outside the well pad) is negligent and a crime. Shapiro has filed criminal charges against Inflection Energy and the subcontracting company they used, Double D. We view it as yet another stunt by a man who wants to tee himself up to run for governor.
    Read More “PA AG Shapiro Says 2017 Inflection Wastewater Spill is a Crime”

  • Antero Resources | Ascent Resources | CNX Resources | Energy Companies | EQT Corp | Gulfport Energy | Range Resources Corp

    S&P Downgrades Credit Rating for Six Big Marcellus/Utica Drillers

    February 6, 2020February 6, 2020
    click for larger version

    Large Marcellus/Utica drillers continue to take it on the chin in the financial markets. The stock prices for almost all M-U drillers have tanked, and now (at least for some of them), their credit ratings have been downgraded too. Standard & Poor’s Global Ratings recently downgraded the credit rating for six of the biggest M-U drillers…
    Read More “S&P Downgrades Credit Rating for Six Big Marcellus/Utica Drillers”

  • Energy Companies | EQT Corp

    EQT Subleasing Most of its Downtown Pittsburgh Office Building

    February 6, 2020February 6, 2020
    EQT Tower

    EQT is downsizing its footprint in the city of Pittsburgh–again. Last October we told you that EQT was looking to sublease space in its mammoth downtown office building (see EQT Looks to Sublease HQ Space – Leaving Downtown Pittsburgh?). The EQT building has 32 floors. Lately, the company has occupied 15 floors. By next month EQT’s occupancy will shrink to just five floors. Is EQT getting ready to leave downtown?
    Read More “EQT Subleasing Most of its Downtown Pittsburgh Office Building”

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