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Marcellus Drilling News
  • CNG/LNG | Industrywide Issues | Regulation

    House Dems & RINOs Vote to Block Trump LNG by Rail Plan

    July 3, 2019July 3, 2019
    Rep. Bill Posey (RINO)

    In April President Trump signed and issued an Executive Order (EO) directing the Secretary of Transportation to write a new rule allowing specially constructed tanker cars for railroads to ship LNG, i.e., liquefied natural gas (see Here Come the “Bomb Trains” – Trump to Allow LNG by Rail). The plan makes eminent good sense. Yet liberal Democrats and swamp-dwelling RINOs (Republicans in Name Only) who oppose anything Trump does, are actively opposing this plan. In fact, a Flordia RINO, Rep. Bill Posey, is bragging that with his help the House recently passed an amendment to a budget bill that will specifically disallow LNG tanker cars by rail. Disgusting.
    Read More “House Dems & RINOs Vote to Block Trump LNG by Rail Plan”

  • Best of the Rest

    Energy Stories of Interest: Wed, Jul 3, 2019

    July 3, 2019July 3, 2019

    MARCELLUS/UTICA REGION: PA, NY, NJ shortchange Delaware River Basin Commission budget $1.1 million; Dear New Yorkers complaining about no gas; It’s your governor, stupid!!; Gas agreement readies Mahoning County, OH for next shale boom; Analysts say Philadelphia refinery, shut down after fire, unlikely to find a willing buyer; State regulators question Roanoke Gas Co.’s need for new pipeline; OTHER U.S. REGIONS: Cheniere readies first cargo from Corpus Christi LNG Train 2; Building LNG-powered ships newest industry along U.S./Mexico border; NATIONAL: Lower 48 natural gas injections into underground storage fields have been on a record-setting pace; LNG exports will keep floor under US natural gas prices; INTERNATIONAL: Oil plunges in worst reaction to OPEC since 2014 on demand woes; Is this the beginning of the end for OPEC?; Russia and OPEC draw closer on oil, joining other producers to manage market.
    Read More “Energy Stories of Interest: Wed, Jul 3, 2019”

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

    WV Still Waiting for First Penny of Chinese $83.7B Investment

    July 2, 2019July 2, 2019

    Two weeks ago at the Northeast Petrochemical Conference in Pittsburgh, a panel of speakers from West Virginia, including former Commerce Secretary Keith Burdette, addressed the topic of Advanced Manufacturing and Petrochemicals related to the shale industry. At the end of the prepared talks, the session was opened to questions from the audience. MDN asked the first question, which was this: “The $83.7 billion question is, what’s going on with the proposed investment in shale and petchem promised by China?”
    Read More “WV Still Waiting for First Penny of Chinese $83.7B Investment”

  • Beaver County | Energy Companies | PennEnergy Resources | Pennsylvania

    PennEnergy Resources Gets Ready to Drill in Economy, PA

    July 2, 2019July 2, 2019

    PennEnergy Resources, a Pittsburgh based independent oil and gas company focused on the Marcellus/Utica Shale, is getting ready to drill new wells on a pad in Economy (Beaver County), PA. The plan is facing stiff opposition from local residents because it’s located near a housing development in a residential (albeit rural) area, and will use a local road for access.
    Read More “PennEnergy Resources Gets Ready to Drill in Economy, PA”

  • Energy Companies | EQT Corp | Rice Energy

    Latest Round of Proxy Announcements from Rice Bros., EQT

    July 2, 2019July 2, 2019

    Another day, another round of press releases from both EQT and the Rice brothers over the future of the company. The two sides are locked in a proxy battle to nominate a majority of board members, who in turn will appoint (or keep) top management for the company. Yesterday’s round of letters was, in essence, a recap of news that broke late last week: One major shareholder advisory firm, Institutional Shareholder Services (ISS), supports the Rice brothers’ attempt to take over the company, while a second major advisory firm, Glass Lewis & Co., believes existing management is the right answer for EQT’s future.
    Read More “Latest Round of Proxy Announcements from Rice Bros., EQT”

  • Dominion Energy | Energy Services | Industrywide Issues | North Carolina | Pipelines

    6 NC Mayors Send Letter to Feds Supporting Atlantic Coast Pipe

    July 2, 2019July 2, 2019

    Atlantic Coast Pipeline (ACP), a $7 billion, 600-mile pipeline that will stretch from West Virginia into North Carolina, is facing an existential threat by leftist environmentalists. The project is stalled waiting on an appeal before the U.S. Supreme Court, filed last week (see Atlantic Coast Pipe Officially Asks US Supreme Court to Hear Case). If you bother to search through Federal Energy Regulatory Commission (FERC) filings on the project, you’ll notice a number of protests filed by Big Green groups and their well-organized supporters. What you don’t see nearly as much are letters of support. We have one–a big one.
    Read More “6 NC Mayors Send Letter to Feds Supporting Atlantic Coast Pipe”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues | Litigation | Pipelines

    Pipeline Delay Tactics Exposed – Strategy to Kill ACP & MVP

    July 2, 2019July 2, 2019

    A recent article on the Forbes website helps crystallize and expose the strategy of a group we call global warming fundamentalists in their religious quest to block fossil fuels by blocking pipelines. That strategy works this way: Mount enough legal challenges to ramp up costs and ultimately convince pipeline builders to walk away from projects. “Ground zero” in pipeline wars right now is, according to the author, two projects: the Atlantic Coast Pipeline, and the Mountain Valley Pipeline. Both projects are right here in the Marcellus/Utica.
    Read More “Pipeline Delay Tactics Exposed – Strategy to Kill ACP & MVP”

  • Industrywide Issues | Research

    Fossil Fuels 80% of US Energy Consumption, Have Been for 100 Yrs

    July 2, 2019July 2, 2019

    This business of “we must dump the use of fossil fuels and migrate to renewables asap” is not only impractical, it’s lunatic. Yet many adults have bought in to this notion because, we dunno, because they were maleducated in their youth. Radicalized in college. Lied to by the Democrat Party. Take your pick. Just how lunatic is this notion? For the past 100 years the United States has used fossil fuels for 80% *or more* of the energy we use. NOTHING HAS CHANGED. That statistic, according to the U.S. Energy Information Administration (which tracks these things) says that in 2018 fossil fuel consumption went UP! Not down. We need fossil fuels now more than ever for our energy supplies.
    Read More “Fossil Fuels 80% of US Energy Consumption, Have Been for 100 Yrs”

  • Industrywide Issues | Research

    Babst Calland Report: Issues, Challenges, Opportunities in Shale

    July 2, 2019July 2, 2019

    The legal beagles of top energy law firm Babst Calland recently released their ninth annual energy industry report called, “The 2019 Babst Calland Report – The U.S. Oil and Gas Industry: Federal, State and Local Challenges & Opportunities; Legal and Regulatory Perspective for Producers and Midstream Operators.” This latest annual review provides perspective on issues, challenges, opportunities and recent developments in the oil and gas industry that are relevant to producers and midstream operators. In an MDN exclusive, we have the first seven pages of the 92-page report (see below), along with details on how you can request a full copy. Worth the read! Here’s an overview…
    Read More “Babst Calland Report: Issues, Challenges, Opportunities in Shale”

  • Best of the Rest

    Energy Stories of Interest: Tue, Jul 2, 2019

    July 2, 2019July 2, 2019

    MARCELLUS/UTICA REGION: This is the last job EQT CEO Rob McNally wants to have. But will that work?; Gary Gould joins EQT at the time when the company is locked in proxy battle; OTHER U.S. REGIONS: Colorado’s Boulder County imposes oil, gas drilling permit moratorium until March 2020; Natural gas pipeline project carves 29-mile path through Genesee County; NATIONAL: New report warns turning away from oil & natural gas will cost United States $4.5 trillion; U.S. drilling slowdown triggers Weatherford bankruptcy; Every US storage region continues to inject natural gas at above-average pace; BP’s highly unusual natural gas investment; INTERNATIONAL: Risky business: The allure of liquified natural gas; America’s liquefied natural gas boom may be on a collision course with climate change; 672 Mercedes-Benz NGT buses are backbone of environmentally friendly bus transportation in Madrid.
    Read More “Energy Stories of Interest: Tue, Jul 2, 2019”

  • Energy Companies | EQT Corp | Rice Energy

    Proxy War: ISS Supports Rice Brothers, Glass Lewis Supports EQT

    July 1, 2019July 1, 2019

    Early on Friday, Institutional Shareholder Services (ISS), which makes recommendations to shareholders on how to vote in proxy fights, gave their stamp of approval to Toby and Derek Rice’s “activist” board takeover picks. ISS is heavily influential with institutional investors–organizations like hedge funds, mutual funds, and pension funds. We thought, “Oh oh, it’s all over now. The Rice boys have won.” But not so fast. Late Friday a second highly influential service that institutional investors look to for guidance, Glass Lewis & Co., threw their support behind the EQT slate of board candidates. The two most influential guidance services have split their support. What will shareholders do?
    Read More “Proxy War: ISS Supports Rice Brothers, Glass Lewis Supports EQT”

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

    Dominion Cancels Sweden Valley Marcellus Proj – Blames FERC Delay

    July 1, 2019July 1, 2019

    When the Federal Energy Regulatory Commission (FERC) fiddles around and blows important deadlines, there are consequences. In January 2018, Dominion Energy filed a request with FERC to expand capacity along the existing Dominion Energy Transmission Inc. (DETI) pipeline, to flow Pennsylvania Marcellus gas into Ohio (see Dominion Files FERC Request to Expand Pipeline from PA to OH). The project, called Sweden Valley, has just been canceled by Dominion–due to FERC’s tardy approval process which is now nine months late.
    Read More “Dominion Cancels Sweden Valley Marcellus Proj – Blames FERC Delay”

  • Electrical Generation | Industrywide Issues | Monroe County | Ohio

    Long Ridge Scores New OH Data Center for Utica-Fired Elec Plant

    July 1, 2019July 1, 2019
    Long Ridge Energy Terminal

    Nearly a month ago MDN told you the Long Ridge Energy Terminal in Monroe County, OH (transloading facility) has begun to build a 485-megawatt Utica gas-fired electric plant (see Work Begins on Gas-Fired Elec Plant in Monroe County, OH). The new Utica-fired plant will be up and running in “late 2021.” We now know at least one customer for that electricity: DP Facilities Inc.
    Read More “Long Ridge Scores New OH Data Center for Utica-Fired Elec Plant”

  • Anti-Drilling/Fossil Fuel | Crime | Energy Services | Equitrans/EQT Midstream | Industrywide Issues | Montgomery County | Pipelines | Virginia

    Left-Wing Radical Arrested, Removed from MVP Excavator in Va.

    July 1, 2019July 1, 2019
    Credit: WDBJ-TV CBS

    A long-haired hippie chained himself to the top of an excavator being used to construct the Mountain Valley Pipeline (MVP) last Friday in Montgomery County, Va. He stopped construction for six hours. A small group of radicalized protesters stood nearby using megaphones to shout support for their comrade and to hurl foul language against workers building the pipeline (typical antis). Around midday, Virginia State Police used a lift to reach and remove the hippie, promptly arresting him.
    Read More “Left-Wing Radical Arrested, Removed from MVP Excavator in Va.”

  • Industrywide Issues | Pennsylvania | Pipelines | Regulation | Statewide PA

    FERC Delay re Adelphia Pipe Causing Financial Strain for Talen

    July 1, 2019July 1, 2019

    Two weeks ago MDN provided a list of Marcellus/Utica pipeline projects for which the Federal Energy Regulatory Commission (FERC) is withholding approvals, unnecessarily, due to Democrat commissioners gumming up the works over mythical global warming concerns (see List of M-U Pipeline Projects Waiting for FERC Approval). One of those delayed projects, as we report today, is now a casualty (see Dominion Cancels Sweden Valley Marcellus Proj – Blames FERC Delay). A second pipeline on that delayed list is also in trouble if FERC doesn’t take action asap: Adelphia Gateway.
    Read More “FERC Delay re Adelphia Pipe Causing Financial Strain for Talen”

  • New York | Statewide NY

    NY Independent Oil & Gas Assoc. Losing Full-Time Director, Staff

    July 1, 2019July 1, 2019

    In a sad development, the Independent Oil & Gas Association of New York (IOGANY) is losing its superb executive director, Brad Gill (an MDN friend), and its paid office staff, in an effort to cut expenses. The administration of Governor Andrew Cuomo has been hostile to the oil and gas industry in NY–not only with a ban on fracking, but also with new environmental regulations that affect conventional drillers. Cuomo’s actions are having a negative effect on O&G in NY, and IOGANY is dealing with the fallout as best they can. The board of directors is slimming down and will now handle the day-to-day affairs of the association. Along with several other current directors, Brad will remain involved with IOGANY but in a different capacity while he pursues his other oil and gas interests.
    Read More “NY Independent Oil & Gas Assoc. Losing Full-Time Director, Staff”

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