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Marcellus Drilling News
  • Industrywide Issues | New York | Pipelines | Statewide NY

    EPA’s Wheeler Rips into Cuomo, Pipe Veto “Worst Enviro Decision”

    October 23, 2019October 23, 2019

    Andrew Cuomo, the man-child governor of New York, is having a terrible, horrible, no good, very bad day. Or week. For the past few weeks the New York Post has repeatedly hammered Cuomo over his decision to block the Williams Northeast Supply Enhancement (NESE) pipeline project that would bring critical new supplies of natgas to Long Island and New York City. The Wall Street Journal also joined in by hammering Cuomo over the same issue, pointing out Cuomo is to blame for thousands of utility customers of National Grid who now cannot connect, yet Cuomo is forcing National Grid to add them anyway (see WSJ Editorial Board Blasts NY Gov. Cuomo for Bullying National Grid).
    Read More “EPA’s Wheeler Rips into Cuomo, Pipe Veto “Worst Enviro Decision””

  • CNG/LNG | Dominion Energy | Energy Services | Industrywide Issues | Maryland

    Dominion Energy Sells 25% of Cove Point LNG for $2B

    October 22, 2019October 21, 2019

    Yesterday Dominion Energy announced it has sold a 25% stake in the completed Cove Point, Maryland LNG export facility to Brookfield Asset Management for a cool $2 billion. Dominion completed the $4.1 billion facility in 2018. The share just sold to Brookfield values the facility at $8.22 billion. Holy smokes! Nice play–to double the value of your investment in not much more than a year after completing it. What will Dominion do with all that cash?
    Read More “Dominion Energy Sells 25% of Cove Point LNG for $2B”

  • Energy Companies | Range Resources Corp

    Range Sells Another 0.5% Royalty Interest for $150M

    October 22, 2019October 21, 2019

    In July MDN brought you the news that Range Resources had sold a 2% overriding royalty interest on 350,000 acres “in southwest Appalachia” for $600 million (see Range Resources Sells 2% Royalty Interest + 20K Acres for $634M). Range’s announcement did not identify who, exactly, was the company doing the purchasing. Lime Rock Resources later self-identified as the buyer (see Mystery Solved: Lime Rock Buyer of 2% Royalty Interest in Range). Range has just done it again–sold off another 0.5% (one-half of one percent) of an overriding royalty interest for another $150 million.
    Read More “Range Sells Another 0.5% Royalty Interest for $150M”

  • CNG/LNG | Energy Services | Industrywide Issues | New Fortress Energy | Regulation

    US DOT Gets Serious About LNG by Rail – Publishes Proposed Rules

    October 22, 2019October 21, 2019

    In April President Trump issued an Executive Order (EO) directing the Secretary of Transportation to write a new rule allowing specially constructed tanker cars for railroads (DOT-113 tank cars) to ship LNG, i.e., liquefied natural gas (see Here Come the “Bomb Trains” – Trump to Allow LNG by Rail). The U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA), in coordination with the Federal Railroad Administration (FRA), has just issued a “Notice of Proposed Rulemaking” to move the process forward. Think of it as draft regulations to allow LNG by rail car.
    Read More “US DOT Gets Serious About LNG by Rail – Publishes Proposed Rules”

  • Economic Impact | Industrywide Issues | Research

    Americans Have Saved an Amazing $1.1 Trillion Thx to M-U NatGas

    October 22, 2019October 21, 2019

    Natural gas end-users, which include American households, businesses, manufacturers, and electric power generators, have realized $1.1 trillion in savings since 2008 as a result of increased natural gas production in the Marcellus/Utica region, according to a new report released yesterday. You read that right! Folks across the country have benefited by using M-U gas to the tune of $1.1 trillion in savings. Astonishing! The new report (full copy below) says the total savings works out to be an average of $4,000 per household. Thank God for fracking and horizontal drilling in the Marcellus/Utica.
    Read More “Americans Have Saved an Amazing $1.1 Trillion Thx to M-U NatGas”

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

    Why Wolf’s Regional Greenhouse Gas Initiative is Disaster for PA

    October 22, 2019October 21, 2019

    Earlier this month Pennsylvania Gov. Tom Wolf went completely off his rocker with a power-grab to force PA into a regional alliance to tax natural gas-fired electric plants out of existence (see Gov. Wolf Goes Bonkers: EO Destroying Gas-Fired Elec, Carbon Tax). The reaction was swift–on both sides of the issue (see Reaction to Gov. Wolf’s Bonkers Plan to Strangle NatGas Elec Plants). Following up, the Allegheny Institute for Public Policy has issued an analysis that exposes why joining the tax alliance is the wrong move for PA. And the Blank Rome law firm explains why joining the alliance is not likely to happen.
    Read More “Why Wolf’s Regional Greenhouse Gas Initiative is Disaster for PA”

  • Energy Services | Industrywide Issues | New York | Pipelines | Regulation | Williams

    WSJ Editorial Board Blasts NY Gov. Cuomo for Bullying National Grid

    October 22, 2019October 21, 2019

    A recent editorial written by the editors of the Wall Street Journal begins with this superb sentence: “New York Governor Andrew Cuomo has a habit of bullying others to cover for and fix his policy blunders.” It goes on to rip Cuomo to shreds for his bullying of National Grid, forcing the company to add new natural gas customers against its wishes because come wintertime, they may not have enough gas to service all customers in the Greater New York City/Long Island region. Why a moratorium on new customers? Because Cuomo denied National Grid a pipeline to supply the gas they need–the Northeast Supply Enhancement (NESE) pipeline.
    Read More “WSJ Editorial Board Blasts NY Gov. Cuomo for Bullying National Grid”

  • Energy Companies | EQT Corp

    Rice Boys’ First 100 Days at EQT – Where Do Things Stand?

    October 21, 2019October 21, 2019

    Last Friday, Oct. 18, was the 100th day since Toby and Derek Rice took over the leadership at EQT, the country’s largest natural gas-producing company. The Rice boys won a proxy fight in July to elect a new board (and themselves) to lead the company (see Rice Bros. Win Proxy War to Control EQT – Toby Rice New CEO). Prior to winning, Toby Rice touted a “100-day plan” to turn the company around. How is that plan going?
    Read More “Rice Boys’ First 100 Days at EQT – Where Do Things Stand?”

  • Bradford County | Energy Services | Eureka Resources | Industrywide Issues | Pennsylvania | Wastewater

    Eurkea Gets $1.5M Grant to Expand Lithium from Wastewater PA Plant

    October 21, 2019October 21, 2019

    Eureka Resources, which owns and operates a centralized treatment/recycling facility in Bradford County, PA to process Marcellus watewater, is getting a $1.5 million state Redevelopment Assistance Capital Projects grant to help the plant launch a high tech solution to recover lithium from Marcellus wastewater. Yes, lithium, like that used to manufacture rechargeable batteries.
    Read More “Eurkea Gets $1.5M Grant to Expand Lithium from Wastewater PA Plant”

  • Allegheny County | Electrical Generation | Industrywide Issues | Pennsylvania

    Pittsburgh Intl Airport to Generate Electricity Using Shale Gas

    October 21, 2019October 21, 2019

    In March 2018 MDN brought you the news that Pittsburgh International Airport (PIT) was exploring the possibility of producing its own electricity (see Pittsburgh Airport Plans NatGas Microgrid to Attract New Business). You may recall that CONSOL Energy (now CNX Resources) previously drilled a bunch of wells on airport property and now produces a boatload of natgas every day. The plan would be to use some of that gas to power a microgrid to lower the cost of electricity at the airport complex–a complex where officials are attempting to attract businesses to locate. The possibility is becoming a reality.
    Read More “Pittsburgh Intl Airport to Generate Electricity Using Shale Gas”

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

    Another Small Mariner East Pipe Sinkhole Develops Near Philly

    October 21, 2019October 21, 2019
    Sinkhole develops near soccer field (Credit: Del-Chesco United for Pipeline Safety)

    Another sinkhole developed last Friday near Philadelphia related to underground drilling done to install the Mariner East 2 pipeline. The new sinkhole developed in Middletown Township (Delaware County), in Sleighton Park. Fortunately this latest hole was only about 18 inches in diameter, which is much better than a 15×15 foot hole that developed in September, also in Middletown Township (see Another Mariner East 2 Pipe Sinkhole Opens in Delaware County). However, the 18-inch hole fanned out to four feet wide and 30 feet deep underground. Sunoco immediately filled it with “flowable fill” (i.e. concrete)–to the tune of 48 yards of material.
    Read More “Another Small Mariner East Pipe Sinkhole Develops Near Philly”

  • Empire Pipeline | Energy Companies | Energy Services | Erie County | Pennsylvania | Seneca Resources

    NFG’s New CEO David Bauer Schools Reporter on Benefits of NatGas

    October 21, 2019October 21, 2019
    NFG’s new CEO David Bauer

    Last week National Fuel Gas Company’s new CEO David Bauer, who just took the reins of the company from the previous CEO Ronald Tanski in July (see NFG CEO Tanski Retiring in July, Replacement Named), attended a luncheon in Erie, PA. He spoke to a local reporter to answer questions about NFG and the industry at large. Although NFG is a large utility company, it also owns Seneca Resources, a shale driller, and Empire Pipeline. The conversation with the reporter mostly centered on shale questions.
    Read More “NFG’s New CEO David Bauer Schools Reporter on Benefits of NatGas”

  • Industrywide Issues | Storage

    NatGas in Storage Goes Above 5-Yr Average Pressuring Prices Lower

    October 21, 2019October 21, 2019
    click for larger version

    Storage isn’t as sexy as “fracking” when talking about the natural gas industry. But storage, the amount of gas stored during summer months for use during winter months, is a closely watched number. Last year storage numbers ran below the 5-year average (see EIA: Underground Natural Gas Storage Declined in 2018). If there’s less of a commodity (like natgas) available, given the same or increasing demand, prices will go up. Prices didn’t really go up all that much over the last year because, as we’ve pointed out, the ability of drillers to quickly open the spigots any time they want and let it flow is now a new kind of “storage” (see Utilities Now Depend More on Pipelines, Less on NatGas Storage).
    Read More “NatGas in Storage Goes Above 5-Yr Average Pressuring Prices Lower”

  • Duke Energy | Electrical Generation | Energy Services | Industrywide Issues

    Duke Energy Plans Lots of New Gas-Fired Plants in NC/SC/Elsewhere

    October 21, 2019October 21, 2019

    Duke Energy loves natural gas-fired electric plants. Duke plans to build up to 4.7 gigawatts (GW) of new natural gas electric capacity in North and South Carolina between 2029 and 2034. In Florida, Duke plans to increase the amount of gas in its electric generation mix to 77% in 2027, up from 64% in 2017. And in Indiana, Duke wants to build a new natural gas plant in 2028, and another in 2034. Duke’s VP of state energy policy, Diane Denton, recently sang the praises of natgas at an Energy Bar Association meeting–saying natural gas “is critical to decarbonization strategy.”
    Read More “Duke Energy Plans Lots of New Gas-Fired Plants in NC/SC/Elsewhere”

  • Best of the Rest

    Shale Energy Stories of Interest: Mon, Oct 21, 2019

    October 21, 2019October 21, 2019

    MARCELLUS/UTICA REGION: New York’s man-made natural-gas crisis; Groups vent concerns about RestorePa plan; OTHER U.S. REGIONS: Alliant plant near completion in town of Beloit; NATIONAL: New name, same story from Baker Hughes: U.S. rig count down again; Trump nominates Dan Brouillette to replace Energy Secretary Rick Perry; Big U.S. liquefied natgas players move fast; smaller ones try to keep up; INTERNATIONAL: China is the world’s largest oil & gas importer.
    Read More “Shale Energy Stories of Interest: Mon, Oct 21, 2019”

  • Energy Services | Industrywide Issues | Pipelines | Regulation | Williams

    FERC Approves Transco Southeastern Trail Expansion Pipe Project

    October 18, 2019October 18, 2019

    In April 2018 Williams filed a request with the Federal Energy Regulatory Commission (FERC) to expand capacity along the mighty Transco Pipeline to increase the amount of gas the pipeline can flow to the Mid-Atlantic and Southeastern U.S by 296,375 dekatherms (296 million cubic feet) per day (see Williams Seeks OK to Expand Transco to Move Marcellus Gas South). The Southeastern Trail expansion project (SET), as it’s called, was given final approval by FERC yesterday.
    Read More “FERC Approves Transco Southeastern Trail Expansion Pipe Project”

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