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Marcellus Drilling News
  • Anti-Drilling/Fossil Fuel | Industrywide Issues

    Alberta Forms “War Room” to Counter Fossil Fuel Lies

    December 13, 2019December 13, 2019

    We’re always on the lookout for new and better ways to counter the blizzard of lies and smears against shale energy and fossil fuels coming from Big Green and its empty-headed, regurgitating supporters. Honestly, how can you counter the pile of crap they spread via mainstream media day in and day out? Perhaps our Canadian cousins to the north can show us the way. The Province of Alberta (the official government of Alberta) has opened an “energy war room” to push back against all the lies being spread about fossil fuels–in particular lies about Canadian tar sands from which a great deal of oil is extracted.
    Read More “Alberta Forms “War Room” to Counter Fossil Fuel Lies”

  • Best of the Rest

    Shale Energy Stories of Interest: Fri, Dec 13, 2019

    December 13, 2019December 13, 2019

    MARCELLUS/UTICA REGION: Feds extend MVP’s reopened endangered species review by 60 days; Local students learn hands on about the oil and gas industry; OTHER U.S. REGIONS: Basic Energy selling lower 48 pressure pumping business as activity, pricing ‘remain difficult’; California regulators approve natural gas bans across state; NATIONAL: From a ‘big deal’ to no comment, here’s how ‘Exxon Knew’ activists reacted to losing the climate case they had championed; Chevron charge points to billions more in gas writedowns – analysts; New year may again bring coal to stockings of oil services companies but better times lay ahead; How global prices drive U.S. LNG cargo destinations; INTERNATIONAL: Mexico environment minister wants to prohibit fracking; Trump team wants to bring Zelensky to U.S. natural gas posts.
    Read More “Shale Energy Stories of Interest: Fri, Dec 13, 2019”

  • CNG/LNG | Energy Services | Industrywide Issues | Kinder Morgan

    Elba Island Exporting First Marcellus LNG Cargo This Week – Maybe

    December 12, 2019December 12, 2019
    Photo: MarineTraffic (click for larger version)

    On Oct. 1 the Federal Energy Regulatory Commission (FERC) granted permission to Kinder Morgan to finally begin full export operations for Train #1 at the Elba Island, Georgia LNG (liquefied natural gas) export facility (see FERC OKs Kinder Morgan Elba Island LNG Train #1 to Begin Service). It’s taken over two months, but the very first LNG carrier that will export Marcellus/Utica molecules from the facility is docked and (maybe) loading.
    Read More “Elba Island Exporting First Marcellus LNG Cargo This Week – Maybe”

  • Cambria County | Electrical Generation | Industrywide Issues | Pennsylvania

    CPV Marcellus-Fired Electric Plant in Cambria Goes Online Early

    December 12, 2019December 12, 2019
    CPV Fairview Energy Center (click for larger version)

    Competitive Power Ventures’ (CPV) Fairview Energy Center, a 1,050-megawatt natural gas and ethane-fueled two-by-one combined-cycle electric generating plant in Cambria County, PA, is now online generating electricity. Ahead of schedule!
    Read More “CPV Marcellus-Fired Electric Plant in Cambria Goes Online Early”

  • Energy Companies | Southwestern Energy

    Southwestern CEO Says Company Slowing M-U Production in 2020

    December 12, 2019December 12, 2019

    slow warning sign isolated

    Bill Way, CEO of Southwestern Energy, said in an interview that his company will grow production next year, but not by much. Southwestern’s 2020 growth will be “in the single digits” versus higher growth this year. Which shouldn’t surprise anyone. Reviewing Southwestern’s 3Q19 numbers we find the company’s Marcellus/Utica production from January to September 2019 was 11% higher than the same time frame from last year. Southwestern’s 3Q19 (July to September) production was 8% higher than the previous year’s 3Q. So the signs were already there to see–if you were looking.
    Read More “Southwestern CEO Says Company Slowing M-U Production in 2020”

  • Alternative Energy | Broome County | Industrywide Issues | New York | Regulation

    NY Corruption: Home Rule OK to Ban Fracking, but Not Ban Windmills

    December 12, 2019December 12, 2019

    There is a double standard in existence in New York. A CORRUPT double standard. And the corruption comes from Andrew Cuomo. In 2014 judges on NY’s highest court, the Court of Appeals (all them appointed by the governor) voted to uphold a disastrous energy policy that grants town boards of local municipalities the right to ban fracking, should the state ever allow it, in an entire community (see Shale Drilling in NY is Over – High Court Upholds Town Bans). BUT, when a local town baned wind farms in Western NY, Cuomo stepped in and like the tin horn dictator he is, he overruled them (see NY’s Grotesque Energy Double Standard re “Home Rule”). CORRUPT! It’s happening again–this time in MDN’s own back yard.
    Read More “NY Corruption: Home Rule OK to Ban Fracking, but Not Ban Windmills”

  • Industrywide Issues | Research

    S&P Global Platts Releases 2020 Energy Outlook

    December 12, 2019December 12, 2019

    MDN editor Jim Willis had the pleasure of attending yesterday’s S&P Global Platts “Global Energy Outlook Forum” yesterday in New York City. Each year Platts hosts this event, assembling some of the best thinkers and industry participants from across all energy sectors to discuss what happened during the previous year, and what’s on the way next year and down the road with respect to energy. All kinds of energy.
    Read More “S&P Global Platts Releases 2020 Energy Outlook”

  • Industrywide Issues | Taxation

    Misnamed Young “Conservatives” for Carbon Dividends Wants CO2 Tax

    December 12, 2019December 12, 2019

    If there is one defining characteristic of a truly conservative Republican, it is that he or she does not like higher taxes. On anything. Conservatives know that higher taxes equal less freedom of individual choice. And higher taxes feed (and perpetuate) the bureaucratic Big Government machine. A lower taxes philosophy is baked into the true conservative’s DNA. Yet a group of brainwashed college students professing to be Republican and conservative (they’re neither) has just launched a group called Young Conservatives for Carbon Dividends to lobby for an insane carbon tax.
    Read More “Misnamed Young “Conservatives” for Carbon Dividends Wants CO2 Tax”

  • Best of the Rest

    Shale Energy Stories of Interest: Thu, Dec 12, 2019

    December 12, 2019December 12, 2019

    MARCELLUS/UTICA REGION: Nine well permits issued by ODNR; NATIONAL: Continental Resources announces Harold Hamm is stepping up to Executive Chairman; NGI 2020: U.S. drilling ban on E&P radar ahead of 2020 election; Enverus forecasts “significant slowdown” in US gas output growth in 2020; Natural gas boom fizzles as a U.S. glut sinks profits; Chevron’s charge points to billions more in U.S. gas writedowns; The great electric car ‘zero emissions’ boondoggle; INTERNATIONAL: Creating the OPEC of natural gas.
    Read More “Shale Energy Stories of Interest: Thu, Dec 12, 2019”

  • Chevron | Energy Companies

    Chevron Writes Down $5B+ in Marc/Utica Assets, Looks to Sell All

    December 11, 2019December 13, 2019

    In a bombshell announcement yesterday, Chevron said it is writing down (reducing the paper value) of all its shale assets by $10-$11 billion in the fourth quarter. “More than half” of it is a write-down of its Marcellus/Utica assets. Not only that, but Chevron says it is “evaluating its strategic alternatives for these assets, including divestment.” Translation: Chevron has put its M-U assets, all of them (over 750,000 890,000 acres plus producing wells) up for sale. But the bad news doesn’t stop there.
    Read More “Chevron Writes Down $5B+ in Marc/Utica Assets, Looks to Sell All”

  • Antero Resources | Energy Companies

    Antero Puts $1B M-U Assets for Sale; Shaves $350M from Midstream

    December 11, 2019December 10, 2019

    Antero Resources is working hard to get the company on sound financial footing. That’s the message we took away from an announcement on Monday from the company that says (a) they’ve asked for and received a break in midstream (pipeline) prices from their own subsidiary, Antero Midstream, and (b) they’re putting some of their considerable Marcellus/Utica assets up for sale, hoping to raise upward of $1 billion.
    Read More “Antero Puts $1B M-U Assets for Sale; Shaves $350M from Midstream”

  • Energy Companies | Exxon Mobil | Industrywide Issues | Litigation | New York | Statewide NY

    Judge Finds Exxon Not Guilty in Fraud Case – NY AG Humiliated

    December 11, 2019December 10, 2019

    As it turns out, Exxon didn’t know. You may recall the hue and cry from radical anti-fossil fuelers that #ExxonKnew–knew they were toasting mom earth by extracting and encouraging the burning of oil and natural gas. The New Attorney General’s office launched an investigation, and then a lawsuit, charging the same thing. The NY AG claimed Exxon had defrauded shareholders by covering up knowledge of global warming. The first lawsuit to go to trial against Exxon for causing global warming was in NY, where the AG (Letitia “Tish” James) headed up a disaster of a lawsuit. She (and her office) was thoroughly and completely humiliated by a NY judge who said she never proved anything. Her team’s performance was worse than that of a first-year law student.
    Read More “Judge Finds Exxon Not Guilty in Fraud Case – NY AG Humiliated”

  • Reveal Energy Services

    Former EQT CEO Steve Schlotterbeck Joins Board of Reveal Energy

    December 11, 2019December 10, 2019
    Steve Schlotterbeck joins Reveal Energy board

    Reveal Energy Services is a Houston-based oilfield service technology company that offers hydraulic fracture mapping and monitoring services to validate oil and gas well completions designs for U.S. shale wells. In something of a coup, Reveal has lured Steve Schlotterbeck, former CEO of EQT, to become the new Reveal Chairman of the Board.
    Read More “Former EQT CEO Steve Schlotterbeck Joins Board of Reveal Energy”

  • Industrywide Issues | New York | Research | Statewide NY

    NY Budget Commission Says More NatGas, Nukes Needed to Lower GHG

    December 11, 2019December 10, 2019

    In a new report titled “Getting Greener: Cost-Effective Options for Achieving New York State’s Greenhouse Gas Goals,” the Citizens Budget Commission (of New York) attributes the 13% greenhouse gas (GHG) emissions drop New York State saw between 1990 and 2016 to an increased usage of natural gas and nuclear power. According to the nonpartisan Commission, New York is “already green” and if it wants to stay that way, it needs MORE natural gas, not less!
    Read More “NY Budget Commission Says More NatGas, Nukes Needed to Lower GHG”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues

    Blowing the Whistle on Natl Whistleblower Center’s Climate Campaign

    December 11, 2019December 10, 2019

    The National Whistleblower Center (NWC), a corrupt and partisan (Democrat) nonprofit group, has laughingly launched what it calls a “Climate Corruption Campaign” to “enlist whistleblowers in the fight against fraud and other crimes in the three industry sectors responsible for the vast majority of the world’s carbon pollution: oil and gas, coal, and industrial logging.” What a sick joke.
    Read More “Blowing the Whistle on Natl Whistleblower Center’s Climate Campaign”

  • Best of the Rest

    Shale Energy Stories of Interest: Wed, Dec 11, 2019

    December 11, 2019December 10, 2019

    MARCELLUS/UTICA REGION: Massive holiday drive to help out families in need; Greenhouse gas law will cost local jobs; NATIONAL: Will U.S. shale oil roll over and play dead as OPEC wishes?; US EIA lowers Q1 Henry Hub spot gas price forecast by 11 cents to $2.62/MMBtu; Enbridge would consider further LNG export investment under right conditions; INTERNATIONAL: Defense bill deal includes tough sanctions against Russia’s newest gas pipeline to Europe.
    Read More “Shale Energy Stories of Interest: Wed, Dec 11, 2019”

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