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Marcellus Drilling News
  • Energy Services | Industrywide Issues | New York | Regulation | Statewide NY | Williams

    NY DEC Asks FERC to Reconsider Ruling to Allow Constitution Pipe

    October 2, 2019October 2, 2019
    DEC goads FERC

    You can’t say we didn’t warn you. In August the Federal Energy Regulatory Commission (FERC) ruled that the New York Dept. of Environmental Conservation (DEC) took too long to deny a federal Clean Water Act “Section 401” water crossing permit for the Williams Constitution Pipeline project (see Victory! FERC Overrules NY DEC to Allow Constitution Pipeline). Which means the project is now back on, approved by FERC itself. The DEC, thoroughly corrupted and politicized by NY Gov. Andrew Cuomo, said it will “fight” FERC’s ruling (see NY DEC Will “Fight” FERC over Constitution Pipeline Decision). The fight has begun, with an appeal by the DEC to FERC itself.
    Read More “NY DEC Asks FERC to Reconsider Ruling to Allow Constitution Pipe”

  • Coterra Energy (Cabot O&G) | Energy Companies | Energy Services | Industrywide Issues | Pennsylvania | Pipelines | Statewide PA | Transco | Williams

    Cabot Pockets $89 Million Profit on Sale of Atlantic Sunrise Pipe

    October 2, 2019October 2, 2019

    On Monday MDN brought you the news that NextEra Energy, largely a renewables company, has made the bold move of buying 39% of the Central Penn Line, otherwise known as Williams’ Atlantic Sunrise Pipeline project (see NextEra Energy Buys 39% Stake in Atlantic Sunrise Pipe for $1.37B). There is another aspect of that story worth mentioning–an aspect that involves Cabot Oil & Gas and a tidy profit.
    Read More “Cabot Pockets $89 Million Profit on Sale of Atlantic Sunrise Pipe”

  • Electrical Generation | Industrywide Issues | Luzerne County | Pennsylvania

    Caithness Cuts Ribbon on Marcellus-Fired Plant Near Wilkes-Barre

    October 2, 2019October 2, 2019

    In September 2018, the 1,050-megawatt Moxie Freedom Marcellus-fired power plant located near Wilkes-Barre, PA (Luzerne County) went online, feeding the electricity it produces into the local power grid (see Moxie Freedom Marcellus-Fired Plant Near Wilkes-Barre Online). And yet Caithness Energy, owner of the plant, held the official ribbon-cutting ceremony…yesterday. More than a year after going online. Why?
    Read More “Caithness Cuts Ribbon on Marcellus-Fired Plant Near Wilkes-Barre”

  • Energy Services | Industrywide Issues | Pipelines | Processing Plants | Williams

    Williams Processing & Fractionation Assets in the Marcellus/Utica

    October 2, 2019October 2, 2019

    Our friends at RBN Energy launched a new mini-series of blog posts delving into Marcellus/Utica gas processing and fractionation back in August. The first post in the series dealt with an overview of processing and fractionation in the wet gas region–meaning southwest PA, eastern OH, and the northern panhandle of WV (see Overview of Gas Processing & Fractionation in M-U Wet Gas Region). The series continued in September with a look at the major assets owned by MarkWest in the M-U (see MarkWest Continues to Expand NGL Infrastructure in the Wet M-U). And now, in a third installment, RBN takes a look at the mighty Williams and their M-U assets.
    Read More “Williams Processing & Fractionation Assets in the Marcellus/Utica”

  • Industrywide Issues | Pipelines | Regulation

    Trump Selects FERC Attorney James Danly as New Commissioner

    October 2, 2019October 2, 2019
    James Danly

    On Monday The White House announced President Trump intends to nominate (which we take to mean he will nominate) attorney James Danly as the third Republican Commissioner of the Federal Energy Regulatory Commission (FERC). Danly is currently FERC’s General Counsel (i.e. main attorney). Danly knows the agency, its work, and its personalities. Who better to appoint? Of course Democrats are already griping and moaning that President Trump should also name a Democrat to the final open seat at the Commission. The Dems argue the two currently open FERC Commissioner seats should be considered together, or not at all. Whatever.
    Read More “Trump Selects FERC Attorney James Danly as New Commissioner”

  • Industrywide Issues | Research

    IHS Markit Says New Conventional Drilling is Pretty Much Dead

    October 2, 2019October 2, 2019

    IHS Markit, a global analytics company that tracks data in the oil and gas industry, recently published a new report titled “IHS Markit Conventional Exploration Results in Early 2018 Through 2019: No Rebound in Activity or Results.” Although we don’t have a copy of the full report, we do have IHS Markit’s excellent summary of the report. Here’s how we summarize their summary: Conventional (vertical only) drilling for oil and gas is pretty much dead and will remain dead–and shale killed it.
    Read More “IHS Markit Says New Conventional Drilling is Pretty Much Dead”

  • Best of the Rest

    Shale Energy Stories of Interest: Wed, Oct 2, 2019

    October 2, 2019October 2, 2019

    MARCELLUS/UTICA REGION: Schlumberger introduces at-bit steerable system for drilling horizontal wells in a single run; David Benson, P.E. joins Steel Nation engineering; The big change that’s about to happen at the Shell cracker site; Pittsburgh Technical College launches initiative for region’s changing workforce; NATIONAL: The energy sector lagged in the third quarter; Renewable Portfolio Standard Scam (Part 2) – video; INTERNATIONAL: Capitalism is what really worries global warmists and fractivists.
    Read More “Shale Energy Stories of Interest: Wed, Oct 2, 2019”

  • Chesapeake Energy | Energy Companies | Industrywide Issues | Lease & Royalty Payments | Litigation | Ohio | Statewide OH

    Ohio Landowners Lose Royalty Lawsuit Against Chesapeake Energy

    October 1, 2019October 1, 2019

    A group of Ohio landowners sued Chesapeake Energy in 2015 in a class action, alleging that Chesapeake had shorted them on royalty payments (see OH Landowners File Royalty Class Action Lawsuit Against Chesapeake). Four long years later and an Ohio federal judge ruled yesterday…in favor of Chesapeake.
    Read More “Ohio Landowners Lose Royalty Lawsuit Against Chesapeake Energy”

  • Energy Companies | EQT Corp | Industrywide Issues | Research

    Appalachian Basin Upstream O&G Report: Less Drilling, EQT Rumors

    October 1, 2019October 1, 2019

    Our good friend Charlie Schliebs, managing director of Stone Pier Capital, recently circulated a PowerPoint presentation/report from James Knobloch Petroleum Consultants that does an expert job at compiling current data and other valuable information on the status and trends for the oil and gas industry in the Appalachian Basin. Some of the juicy tidbits from the slide deck and accompanying commentary from Charlie: Drilling activity in the Marcellus/Utica *is* slowing down at the moment, but this downturn is different than previous downturns. Also, rumors are swirling about EQT. And, worries about competition coming from the Permian.
    Read More “Appalachian Basin Upstream O&G Report: Less Drilling, EQT Rumors”

  • Allegheny County | Energy Companies | EQT Corp | Pennsylvania | Washington County

    EQT Looks to Sublease HQ Space – Leaving Downtown Pittsburgh?

    October 1, 2019October 1, 2019

    EQT Corp. is offering to sublease “more space” at its downtown Pittsburgh headquarters building. Back in April, before the change in leadership at the top, EQT offered up to 46,000 square feet of space to lease at its massive 250,000 square foot building known as EQT Plaza, located at 625 Liberty Ave. (see EQT Looking for New HQ Building in Pittsburgh). At the time the company was rumored to be looking for a new, smaller HQ somewhere in downtown Pittsburgh, which we chalked up to a negotiating tactic. The rumor now is that EQT is looking to lease even more than the original 46K sq ft, and possibly leave downtown Pittsburgh.
    Read More “EQT Looks to Sublease HQ Space – Leaving Downtown Pittsburgh?”

  • Dominion Energy | Energy Services | Industrywide Issues | Litigation | Pipelines | Williams

    2 Important Supreme Court Cases with Big Impact on M-U Pipelines

    October 1, 2019October 1, 2019

    Two very important (perhaps we should say critically important) cases now sit before the U.S. Supreme Court–cases that have a direct bearing on the Marcellus/Utica region. Both cases deal with pipelines. The first case we’ve written about before: Dominion Energy’s Atlantic Coast Pipeline case to overturn a nutty decision by the U.S. Court of Appeals for the Fourth Circuit that judicially creates a new law that pipelines can’t cross under the Appalachian Trail without (no kidding) an Act of Congress. The other case involves the Hoopa Valley Indian Tribe in California–a case that has profound implications for the Constitution Pipeline from Pennsylvania into New York.
    Read More “2 Important Supreme Court Cases with Big Impact on M-U Pipelines”

  • Electrical Generation | Industrywide Issues | Ohio | Trumbull County

    Utica-Fired Lordstown Energy Center Wins POWER Mag Top Plant Award

    October 1, 2019October 1, 2019
    Lordstown Energy Center (click for larger version)

    For more than four decades, POWER magazine has honored the top performers in the electricity-generating industry with annual power plant awards. Plants that have distinguished themselves by innovative design or engineering upgrades, producing power more reliably or economically than comparable plants, or demonstrating a new generation or environmental controls technology are considered. The Utica-fired Lordstown Energy Center, which went online last October, has just received POWER magazine’s prestigious “Top Plant” award in 2019.
    Read More “Utica-Fired Lordstown Energy Center Wins POWER Mag Top Plant Award”

  • Energy Services | Superior Energy Services

    NYSE Suspends Superior Energy Stock Trading; OTC for Now

    October 1, 2019October 1, 2019

    Superior Energy Services serves the drilling, completion and production-related needs of oil and gas companies worldwide through a number of subsidiaries including Wild Well Control, International Snubbing Services, and SPN Well Services. The New York Stock Exchange (NYSE) warned Superior in August that its share price had fallen below $1/share for more than 30 consecutive days and was in danger of delisting. Superior said at the time they have a plan to boost the per-share price. However, NYSE delisted their stock as of last Friday (six weeks later) and the stock now trades over-the-counter.
    Read More “NYSE Suspends Superior Energy Stock Trading; OTC for Now”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues

    New Group Forms to Fight Back Against Radical Fossil Fuel Haters

    October 1, 2019October 1, 2019

    It’s time for the oil and gas industry (i.e. fossil fuels) to begin fighting for our right to exist. Irrational fossil fuel haters like Bernie Sanders and Elizabeth Warren utter the most outrageous lies and pledge to ban fracking nationwide. It’s now time to go on offense–to respond and set the record straight. It’s time to tell the truth about fossil fuels and the vital role they play now, and will play for years to come. A newly-formed group called The Empowerment Alliance (TEA) is doing just that.
    Read More “New Group Forms to Fight Back Against Radical Fossil Fuel Haters”

  • Best of the Rest

    Shale Energy Stories of Interest: Tue, Oct 1, 2019

    October 1, 2019October 1, 2019

    OTHER U.S. REGIONS: $8.5 billion natural gas liquefaction facility coming to Plaquemines Parish; NATIONAL: What to do about Chesapeake Energy’s wild two weeks; Ethane prices may rise with steam-cracker demand, but not much; INTERNATIONAL: Trump seeks partners not “permanent enemies” ahead of U.S.-China talks; Qatar Petroleum eyes new long-term LNG deals as expansion progresses.
    Read More “Shale Energy Stories of Interest: Tue, Oct 1, 2019”

  • Energy Services | Industrywide Issues | NextEra Energy | Pipelines

    NextEra Energy Buys 39% Stake in Atlantic Sunrise Pipe for $1.37B

    September 30, 2019October 4, 2019
    Penn Central Line in red (click for larger version)

    Some big news to share. NextEra Energy Partners, a subsidiary of NextEra Energy which owns and operates solar and wind projects, as well as natural gas pipelines, announced early this morning they have cut a deal to buy Meade Pipeline Co LLC for $1.37 billion. Meade Pipeline is the name for a joint venture between several companies that own 39.2% of what is called the Central Penn Line pipeline system, otherwise known as Williams’ Atlantic Sunrise Pipeline–a major new pipeline that has single-handedly lifted the price drillers (and consequently landowners) receive for northeastern PA Marcellus gas.
    Read More “NextEra Energy Buys 39% Stake in Atlantic Sunrise Pipe for $1.37B”

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