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Marcellus Drilling News
  • Ethane | Industrywide Issues | Processing Plants | Statewide WV | West Virginia

    WV Commerce Secretary Says His State *Will* Get a Cracker Plant

    November 22, 2019November 22, 2019

    It seems like MDN has reported on the possibility that an ethane cracker plant would get built somewhere in West Virginia forever–at least back to 2013 when then-Gov. Earl Ray Tomblin went to Europe looking for a cracker (see Did Gov Tomblin Find a European Investor for a WV Cracker Plant?). For a while it seemed there was a legit cracker project heading to Wood County, in the Parkersburg area, from Odebrecht/Braskem (see WV Announces Brazilian Company to Build Ethane Cracker Complex). That plan eventually petered out. But WV has not given up hope. In a visit to Jackson County on Wednesday, WV Commerce Secretary Ed Gaunch said he believes a cracker plant will come to the Mountain State. When?
    Read More “WV Commerce Secretary Says His State *Will* Get a Cracker Plant”

  • Anti-Drilling/Fossil Fuel | Energy Companies | Industrywide Issues | Litigation | Pennsylvania | Range Resources Corp | Regulation | Statewide PA

    PA AG Continues NatGas Witch Hunt – 2 Dozen DEP Workers Testify

    November 22, 2019November 22, 2019

    Last week Pennsylvania Attorney General Josh Shapiro sat down to talk with the editorial board/reporters of the Washington (PA) Observer-Reporter. He refused to confirm or deny he’s actively conducting a witch hunt of the PA Marcellus Shale industry, including trotting dozens of people before a grand jury–even though the media has been reporting on his grand jury fishing expedition since February (see PA AG Continues Marcellus Witch Hunt, Impanels Grand Jury). No worries. None other than the Deputy Secretary of the PA Dept. of Environmental Protection (head of the DEP’s Office of Oil and Gas Management) has confirmed he appeared before Shapiro’s witch hunt grand jury.
    Read More “PA AG Continues NatGas Witch Hunt – 2 Dozen DEP Workers Testify”

  • Economic Impact | Industrywide Issues | Long Island | New York | Pipelines

    Long Island Gas Moratorium Blocks “Hundreds of Millions” in Projs

    November 22, 2019November 22, 2019

    We previously told you New York Gov. Andrew “man-child” Cuomo is getting desperate in his bid to deflect blame from himself for his own actions in blocking new natural gas supplies to the New York City/Long Island area. He’s so desperate he threatened utility company National Grid with kicking them out of the state and giving their franchise to another company (see Psychotic Cuomo to Cancel National Grid Gas Franchise in 2 Weeks). Cuomo gave National Grid a deadline of next Monday to hook up all remaining requests for natural gas service or else. Why is the man-child so desperate? Because of stories like the one below that say, “National Grid’s moratorium on new natural gas hookups has stalled hundreds of millions of dollars’ worth of local development and pushed some businesses to build projects off Long Island.” Cuomo doesn’t like the deserved label: economic hit man.
    Read More “Long Island Gas Moratorium Blocks “Hundreds of Millions” in Projs”

  • Allegheny County | Beaver County | Butler County | Fayette County | Greene County (PA) | Industrywide Issues | Lawrence County | Mercer County | Pennsylvania | Processing Plants | Washington County | Westmoreland County

    SWPA County Political Leaders Voice Support for Petchem, Shale

    November 22, 2019November 22, 2019

    In a speech delivered October 31 to the P4 Climate Action Summit in downtown Pittsburgh, Mayor Bill Peduto declared his hatred for the petrochemical industry. He doesn’t want any more Shell crackers junking up his regional backyard. The highly negative reaction to Peduto’s idiotic (and pandering) remarks was swift. What petchem company wants to build in a region where the mayor of its largest city is trash talking the industry? In a bid to counter Peduto’s economically damaging remarks, some 20 county officials from Allegheny, Beaver, Butler, Fayette, Greene, Lawrence, Mercer, Washington and Westmoreland counties issued a joint statement on Wednesday to show their support for the petrochemical and shale industries in the region.
    Read More “SWPA County Political Leaders Voice Support for Petchem, Shale”

  • Best of the Rest

    Shale Energy Stories of Interest: Fri, Nov 22, 2019

    November 22, 2019November 22, 2019

    OTHER U.S. REGIONS: FERC approves three LNG export projects, additional liquefaction train in South Texas; Restaurant group sues over Berkeley’s natural gas ban; NATIONAL: Fracking Ban?! (video); US oil, gas rig count up 1 ahead of holiday season start; Harold Hamm: Private equity’s rush to get into shale development helped push oversupply issues; Gas prices languish as storage falls to near-record lows; Fossil fuels create jobs so why do Democrats hate them?; US agencies to push LNG by rail in 2020.
    Read More “Shale Energy Stories of Interest: Fri, Nov 22, 2019”

  • Energy Companies | EQT Corp

    Last Remaining Member of “Old” EQT Exec Team Resigns

    November 21, 2019November 21, 2019

    During the proxy fight earlier this year to control EQT Corporation’s board–and ultimately its management team–Toby Rice threw some sharp barbs including talk that EQT’s existing management was not up to the task of effectively running the company. The Rice boys said so, their board nominees said so, and Institutional Shareholder Services (ISS) said so. There will be change (i.e. personnel change) at the “operational level” said ISS. Imagine our surprise when, after assuming control, Toby said there would *not* be a wholesale replacement of top management (see Toby Rice, EQT’s New CEO, is NOT Cleaning House re Top Management). We guess it depends on what you mean by “top management,” because as of Dec. 15, the last remaining member of the “old” (former) eight-member senior management team at EQT will be gone. Which sure sounds like wholesale replacement to us.
    Read More “Last Remaining Member of “Old” EQT Exec Team Resigns”

  • Anti-Drilling/Fossil Fuel | Energy Services | Equitrans/EQT Midstream | Industrywide Issues | Pipelines | Regulation

    Mountain Valley Pipeline Unloads on Radicalized Sierra Club

    November 21, 2019November 21, 2019

    The Sierra Club is a radicalized, far left “environmental” group that seems to have endless mountains of cash to finance frivolous lawsuit after frivolous lawsuit against any project or company with the moniker “fossil fuel” attached to it. The Clubbers have made trouble for both Dominion Energy’s Atlantic Coast Pipeline project, and now for Equitrans’ Mountain Valley Pipeline (MVP) by convincing lefty judges in a federal court to overturn previously issued permits from the U.S. Forest Service and U.S. Fish & Wildlife Service. Equitrans has had enough of the Clubbers and their interference and recently unloaded on the group in a letter to the Federal Energy Regulatory Commission (FERC).
    Read More “Mountain Valley Pipeline Unloads on Radicalized Sierra Club”

  • Chesapeake Energy | Energy Companies

    Chesapeake Energy Stock in Trouble – Delist? Reverse Split?

    November 21, 2019November 21, 2019
    click for larger version

    Two weeks ago MDN brought you news about Chesapeake Energy from their third quarter 2019 update (see Chesapeake Energy 3Q – Slash Drilling 30%, Bankruptcy Possible). A number of news outlets and analysts focused on a legalese notification in Chessy’s SEC filing that stated IF certain things happen the company MAY HAVE issues continuing as a “going concern.” The chattering class jumped on that to say the company is sure-enough heading for bankruptcy. Since that time the stock market has not been favorable to the company.
    Read More “Chesapeake Energy Stock in Trouble – Delist? Reverse Split?”

  • Economic Impact | Industrywide Issues | Jobs | Ohio | Research | Statewide OH

    CSU Study: Ohio Shale Industry Investment $78B and Counting

    November 21, 2019November 21, 2019

    JobsOhio, a private, nonprofit corporation that works works on behalf of the state to drive job creation and new capital investment in Ohio by attracting business, contracts out economic research to Cleveland State University (CSU)–to keep tabs on the Utica Shale industry. Last year CSU researchers found that from 2011-2017 the Utica Shale had attracted an amazing $70 billion in new private sector energy investments (see Ohio Utica Attracts Amazing $70 Billion Investment…So Far). CSU is back with the latest numbers and has added another $7.7 billion to the pot for 2018, meaning total Utica investments from 2011 to the end of 2018 are nearly $78 billion!
    Read More “CSU Study: Ohio Shale Industry Investment $78B and Counting”

  • Industrywide Issues | NG Vehicles | Pennsylvania | Statewide PA

    PA DEP $1.9M Grants for 12 Clean Energy Vehicle Projs, Mostly Gas

    November 21, 2019November 21, 2019

    The Pennsylvania Dept. of Environmental Protection (DEP) announced yesterday it has awarded grants totaling $1,891,000 for 12 clean energy vehicle projects through its Alternative Fuels Incentive Grants (AFIG) program. What’s striking about the list of winners is just how many of them are for natural gas vehicles/technology, as opposed to electric. The DEP has another $3 million to blow on these grants by the end of the year, with a deadline for applications of Dec. 13. Line up to get yours!
    Read More “PA DEP $1.9M Grants for 12 Clean Energy Vehicle Projs, Mostly Gas”

  • Industrywide Issues | Regulation

    EPA’s Wheeler Pledges Clarity with Simplified WOTUS Rule

    November 21, 2019November 21, 2019

    As a country, we’re still struggling to correct the great harm done by the Obama Administration when it comes to fixing messes like the Waters of the United States (WOTUS) rule. What is and what is not a “water” that comes under federal jurisdiction? In the Obama years everything down to mud puddles (we’re not kidding) could be considered WOTUS (see EPA Power Grab: Redefines Waters of the U.S. to Include Everything). Current EPA Administrator Andrew Wheeler says a landowner should be able to stand on his own land and know, for himself, what is and what is not WOTUS–without an army of lawyers to assist him.
    Read More “EPA’s Wheeler Pledges Clarity with Simplified WOTUS Rule”

  • Calendar

    Calendar of Marcellus/Utica Events of Interest

    November 21, 2019November 21, 2019

    It’s been a while since we’ve update our calendar of events page. We just have. The list below includes events related (or of interest) to the Marcellus, Utica and other Appalachian shales happening from now through the end of this year. Be sure to check it out!
    Read More “Calendar of Marcellus/Utica Events of Interest”

  • Best of the Rest

    Shale Energy Stories of Interest: Thu, Nov 21, 2019

    November 21, 2019November 21, 2019

    MARCELLUS/UTICA REGION: New York natural gas utilities facing credit risks because of Cuomo; Single permit for Utica drilling awarded by ODNR; OTHER U.S. REGIONS: Governor Newsom adds new oil and natural gas extraction regulations in Cali; In a first for Massachusetts, Brookline votes to ban oil and gas pipes in new buildings; NATIONAL: ExxonMobil lambasts Massachusetts, New York Attorneys General for “unconstitutional conduct”; Oil & gas industry turns to AI for billions in savings; INTERNATIONAL: Russia’s Putin says shale oil technologies are ‘barbaric’.
    Read More “Shale Energy Stories of Interest: Thu, Nov 21, 2019”

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

    PA House & Senate Republicans to Stop Wolf’s Insane Carbon Tax

    November 20, 2019November 20, 2019

    Yesterday a bipartisan group of Pennsylvania House and Senate members held a press conference in Harrisburg to introduce parallel bills to prevent Gov. Tom Wolf from following through on his insane plan to tax carbon dioxide from natural gas-fired power plants–yet another attempt by Wolf to raise ~$300 million a year for Harrisburg politicians to spread around to voters in an effort to get themselves reelected. The proposed bills will prohibit the state from joining the so-called Regional Greenhouse Gas Initiative (RGGI) without express permission from the PA legislature.
    Read More “PA House & Senate Republicans to Stop Wolf’s Insane Carbon Tax”

  • Anti-Drilling/Fossil Fuel | Crime | Dutchess County | Electrical Generation | Industrywide Issues | New York

    Antis Go Criminal – 29 Arrested for Blocking Work on NY Power Plant

    November 20, 2019November 20, 2019

    Anti-fossil fuel nutters who so often turn to criminal activity in the name of “protecting” the planet have struck again–this time at the Cricket Valley Energy Center in Dutchess County, NY. The natural gas-fired power plant is nearing completion and with every rivet punched and bolt that gets turned, it drives the nutters even more insane than they already are. Some 29 protesters, some of them not local, were arrested by Dutchess County sheriff’s deputies on Saturday for blocking the entrance to the facility. Four of them climbed a 275-foot smokestack to hang banners. We have the names and ages of all 29 who broke the law.
    Read More “Antis Go Criminal – 29 Arrested for Blocking Work on NY Power Plant”

  • Industrywide Issues | Research

    Prediction: Marcellus/Utica Gas Production Slows to 2-3% in 2020

    November 20, 2019November 20, 2019

    As we pointed out in our post yesterday about the U.S. EIA’s latest Drilling Productivity Report, natural gas production in the U.S. is slowing down (see EIA Nov ’19 Drilling Report: Permian Gas Grows More than M-U). No surprise in that bit of news as we’ve been reporting for months about various drillers in the Marcellus/Utica (and other plays) announcing their intent to spend less on drilling both this year and next. Production in the M-U is expected to grow 8-9% this year over last year. But what about next year?
    Read More “Prediction: Marcellus/Utica Gas Production Slows to 2-3% in 2020”

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