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Marcellus Drilling News
  • Industrywide Issues | Pipelines | Regulation

    Trump Seeks to Speed Up Pipeline Projects by Tweaking NEPA Law

    January 10, 2020January 10, 2020
    regulations

    Yesterday President Trump announced a list of proposed changes to the 50-year-old National Environmental Policy Act (NEPA) in an effort to strip away some of the governmental red tape that’s built up over the years like plaque in an artery, preventing important infrastructure projects like pipelines, dams, bridges and roads from getting built. Over the past 20 years or so the left has become adept in their use of NEPA to block new projects, claiming environmental harms. Trump wants to reverse that trend. And that drives extremist greens berserk.
    Read More “Trump Seeks to Speed Up Pipeline Projects by Tweaking NEPA Law”

  • Commodity Price | Industrywide Issues

    EIA: 2019 Natural Gas Prices Lowest in 3 Years

    January 10, 2020January 10, 2020

    The researchers at the U.S. Energy Information Administration (EIA) have done a deep dive into natural gas prices from 2019 and found the average spot price at the Henry Hub last year was $2.57 per thousand cubic feet (Mcf), down about 60 cents from 2018’s average price. Ouch. The researchers tease out the factors that influenced prices last year, pushing it higher (in some cases) and lower (in others). It is useful analysis, giving us a window into what may happen this year.
    Read More “EIA: 2019 Natural Gas Prices Lowest in 3 Years”

  • Best of the Rest

    Shale Energy Stories of Interest: Fri, Jan 10, 2020

    January 10, 2020January 10, 2020

    MARCELLUS/UTICA REGION: Natural gas company donates to West Liberty Elementary’s STEM program; Montage Resources – Too many buffalo at the same waterhole; NATIONAL: Net US oil, gas rig count falls one to 835, gas rigs lowest since late 2016; U.S. weekly LNG exports jump; FERC continues with two vacancies — for now; Parsley energy boss says shale will finally deliver returns this year; Cummins Westport natural gas engine receives near zero emissions certification; Medical journal declares war on natural gas; INTERNATIONAL: The world’s next energy bonanza.
    Read More “Shale Energy Stories of Interest: Fri, Jan 10, 2020”

  • Electrical Generation | Harrison County | Industrywide Issues | Ohio

    EmberClear’s Cadiz, OH Gas-Fired Power Plant Project Heats Up

    January 9, 2020January 9, 2020

    In September 2016, MDN reported that EmberClear has plans to fund and build a new $900 million electric generating plant in Harrison County, OH (see $900M Utica Gas-Fired Electric Plant Coming to Harrison County, OH). The Harrison Energy Center project was supposed to begin construction by the end of 2018, which didn’t happen. Then it was supposed to begin construction by mid-2019 (see EmberClear’s Cadiz, OH Gas-Fired Power Plant Slightly Delayed). That didn’t happen either. We now have a new timeline and important news about the project.
    Read More “EmberClear’s Cadiz, OH Gas-Fired Power Plant Project Heats Up”

  • Economic Impact | Ethane | Industrywide Issues | Regulation | Statewide WV | West Virginia

    WV Bill Would Establish Fund to Kick-start NGL Hub, Reassure China

    January 9, 2020January 9, 2020

    The West Virginia legislature kicked off its 2020 60-day session yesterday with a bang–at least for the shale energy industry. House Speaker Roger Hanshaw introduced House Bill 4001, aimed at reassuring China it’s OK to begin investing some of that $84 billion they promised to invest in WV’s shale and downstream sector. The bill also would help fund the Appalachian NGL Storage and Trading Hub project and other big petrochemical projects (maybe even a cracker plant!).
    Read More “WV Bill Would Establish Fund to Kick-start NGL Hub, Reassure China”

  • Energy Companies | Range Resources Corp

    Range Refinancing $500M in Debt, Writing Down Value of LA Shale

    January 9, 2020January 9, 2020
    click for larger version

    Yesterday Range Resources issued a couple of press releases detailing a plan to buy back $500 million of outstanding notes (i.e. IOUs) issued in years gone by and due payable in 2021/2022, by generating a new pot of $500 million by issuing new notes payable in 2026. The company also filed an SEC Form 8-K that mentions they will write down the value of their Louisiana shale assets. However, the company says it will not write down the value for their Marcellus/Utica assets.
    Read More “Range Refinancing $500M in Debt, Writing Down Value of LA Shale”

  • CNX Resources | Energy Companies | Olympus/Huntley & Huntley

    Former CNX COO Tim Dugan Becomes Olympus Energy COO

    January 9, 2020January 9, 2020
    Tim Dugan

    Tim Dugan, formerly the Chief Operating Officer (COO) at CNX Resources (recently retired) has joined Olympus Energy as their COO. Olympus, you may recall, used to be called Huntley & Huntley (see PA Driller HHEX Renames Itself Olympus Energy).
    Read More “Former CNX COO Tim Dugan Becomes Olympus Energy COO”

  • Industrywide Issues | Research | Reserves (Proved and Unproved)

    New Research Promises More Accuracy in Marc. Reserve Estimates

    January 9, 2020January 9, 2020

    We spotted a newly published study (published just yesterday) in Scientific Reports, an online open access scientific mega journal published by Nature, that looks at a new and better way to evaluate shale oil and gas reserves–the amount of stuff in the ground. What’s special about this report, written by researchers at the University of Utah, is that it specifically used the Marcellus Shale as its test subject.
    Read More “New Research Promises More Accuracy in Marc. Reserve Estimates”

  • Commodity Price | Industrywide Issues

    The Growing Gap Between Oil/NatGas Prices & What it Means for M-U

    January 9, 2020January 9, 2020

    Ever hear of something called the oil-to-gas price ratio? It’s a simple concept. You take the price at which oil is trading per barrel, and compare it to the price of natural gas trading per MMBtu (million BTUs). What can that ratio tell us about the natural gas market in general, and the Marcellus/Utica gas market in particular?
    Read More “The Growing Gap Between Oil/NatGas Prices & What it Means for M-U”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues

    American Anti-Fossil Fuelers Funded, Controlled by British Billionaire

    January 9, 2020January 9, 2020

    It’s not only Russia and the Ukraine attempting to interfere in U.S. elections and our system of government. It’s also a British billionaire, by the name of Chris Hohn. A blockbuster investigative report reveals millions flowing from Hohn to push American cities and counties to sue American energy companies by using the false claim they cause “climate change.” It is an outrage and it must stop.
    Read More “American Anti-Fossil Fuelers Funded, Controlled by British Billionaire”

  • Best of the Rest

    Shale Energy Stories of Interest: Thu, Jan 9, 2020

    January 9, 2020January 9, 2020

    MARCELLUS/UTICA REGION: Oil and gas industry, leaning on Pittsburgh region, punches back against fracking ban; OTHER U.S. REGIONS: California governor asked to stop oil, gas drilling and end permitting; Occidental starting widespread layoffs in Houston and beyond; NATIONAL: How global prices drive U.S. LNG cargo destinations; House Dems tout plans for net-zero GHG emissions by 2050; Warren wants to spend $1 million per ‘green’ job.
    Read More “Shale Energy Stories of Interest: Thu, Jan 9, 2020”

  • Dominion Energy | Energy Services | Industrywide Issues | Litigation | Pipelines | Regulation | Virginia

    4th Circus Clown Judges Nix Va. Compressor Permit for AC Pipe

    January 8, 2020January 8, 2020

    The Lorax Judge strikes again. One year ago the Virginia State Air Quality Board, at the prompting of Gov. Ralph Northam, voted to approve a low-emissions compressor station for Dominion Energy’s Atlantic Coast Pipeline (ACP), to be built about an hour outside of Richmond, Virginia (see Va. State Agency Approves Atlantic Coast Pipe Compressor Stn). Big Green groups with deep pockets litigated that decision, making the disgusting claim that the compressor station is “racist” because it will be built in a community founded by emancipated slaves following the Civil War.
    Read More “4th Circus Clown Judges Nix Va. Compressor Permit for AC Pipe”

  • Industrywide Issues | Pennsylvania | Regulation | Statewide PA

    PA DEP to Finalize 250% Hike in Shale Permit Fee on Jan 21

    January 8, 2020January 8, 2020

    Pennsylvania Gov. Tom Wolf’s Dept. of Environmental Protection (DEP), the agency charged with overseeing oil and gas drilling in the state, “blindsided” the shale industry in February 2018 with a proposal to hike the fee required when submitting an application to drill a new shale well by 2 1/2 times, or 250% (see PA DEP Plans to Raise Marcellus Well Permit Fee by 250%). The industry reacted, negatively. It’s taken nearly two years, but on Jan. 21 the DEP’s Environmental Quality Board will meet to finalize and activate the new insanely high fee schedule.
    Read More “PA DEP to Finalize 250% Hike in Shale Permit Fee on Jan 21”

  • Energy Services | Huntingdon County (PA) | Industrywide Issues | Litigation | Pennsylvania | Pipelines | Sunoco Logistics

    PA Landowner Awarded Piddly for Legal Fees in Fighting ME Pipe

    January 8, 2020January 8, 2020

    Huntington County, PA landowners Stephen and Ellen Gerhart have opposed the Mariner East pipeline project across their land from day one. They (and their daughter) have a long history of activism against the project. The Gerharts sued the builder, Sunoco Logistics Partners, in a bid to first block the pipeline, and later “restore” their property after it was built. In the end the Gerharts won a single, tiny concession–forcing Sunoco to recreate a swamp (i.e. “wetland”) on their property–all of 0.066 acres (meaning less than 1/10th of an acre–about the size of a big mud puddle). The Gerharts legal bills over the past several years have added up to $266,000. The attorneys asked the PA Environmental Hearing Board, a special court that hears appeals of DEP decisions, to make Sunoco and the PA Dept. of Environmental Protection (DEP) pay the bill. How much did they get?
    Read More “PA Landowner Awarded Piddly for Legal Fees in Fighting ME Pipe”

  • Energy Services | Industrywide Issues | PennEast Pipeline | Pennsylvania | Pipelines | Regulation | Statewide PA

    Big Green Groups Ask FERC to Deny PennEast Pipe More Time

    January 8, 2020January 8, 2020

    The companies behind PennEast Pipeline, a $1.2 billion new greenfield pipeline project from Luzerne County, PA to Mercer County, NJ, have not given up on the long-delayed project. As we told you in November, PennEast plans to file an appeal to the U.S. Supreme Court (on Feb. 3) to overcome a lower court ruling that prevents PennEast from using eminent domain in New Jersey for some of the route (see PennEast Pipe to Appeal Bungled Fed Court Decision to US Supremes). Since the original Federal Energy Regulatory Commission (FERC) certificate authorizing construction of the project expires on Jan. 19, 2020, PennEast asked FERC to extend it another two years (see PennEast Pipe Still Hopeful, Asks FERC for 2-Year Extension). Three Big Green groups have filed an objection, asking FERC to kill the project now.
    Read More “Big Green Groups Ask FERC to Deny PennEast Pipe More Time”

  • Allegheny County | Industrywide Issues | Pennsylvania | Public Opinion

    PA Highlighted in New National Ad Campaign “Energy for Progress”

    January 8, 2020January 8, 2020

    Yesterday the American Petroleum Institute (API) launched “Energy for Progress,” a nationwide TV and digital ad campaign highlighting the natural gas and oil industry’s leadership in reducing emissions to record low levels and supporting economic and environmental progress in local communities. One of the seven local communities highlighted was Moon Township, in Allegheny County, PA. Local workers and business owners appear in broadcast videos and digital ads.
    Read More “PA Highlighted in New National Ad Campaign “Energy for Progress””

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