MDN’s Energy Stories of Interest: Wed, Aug 20, 2025 [FREE ACCESS]
NATIONAL: With supply abundant and demand easing, natural gas futures falter again; Is CO2 truly a pollutant? We break down the debate; Time to stop endangerment of developing economies with CO2 regulation; INTERNATIONAL: Oil falls as Trump pushes summit; LNG demand, prices to rise further this year, O’Neill says. Read More “MDN’s Energy Stories of Interest: Wed, Aug 20, 2025 [FREE ACCESS]”

Once upon a time, Eureka Resources operated three shale wastewater recycling facilities in the Marcellus region, one in Bradford County, PA, and two in the Williamsport, PA, area (Lycoming County). One year ago, MDN brought you the news that Eureka had “temporarily” closed the Bradford site and had permanently closed the two sites in Williamsport (see
We’ve been tracking a story that we consider an ongoing tragedy for more than a decade. American Water Management Services (AWMS) owns a wastewater injection well in Trumbull County, Ohio, that supposedly caused a low-level earthquake (that nobody could feel) in 2014. Actually, there are two injection wells located at the site, both operated by AWMS. They were both “temporarily” shut down by the Ohio Department of Natural Resources (ODNR) following the quake nobody could feel (see
DT Midstream (DTM), headquartered in Detroit, owns major assets in the Marcellus/Utica region and in other regions, such as Haynesville. The company recently issued its second quarter report with some interesting updates on new pipeline projects coming. We’ll discuss those below. However, it was comments about a potential expansion of capacity along the DT-owned Millennium Pipeline (which flows Marcellus molecules) that caught our attention. The company announced an open season in May for added capacity along the Millennium (see
We spotted an interesting court ruling in Virginia with the potential to impact midstream (pipeline) companies in the state. The case is Zinner v. Washington Gas Light Co. On July 1, the Court of Appeals of Virginia ruled that a proposed Washington Gas Light (WGL) natural gas pipeline project is a “distribution” and not a “transmission” pipeline project. In Virginia, distribution pipelines are exempt from needing to conform to local municipal ordinances, while transmission lines are subject to such ordinances. 

Last week, the Baker Hughes U.S. rig count halted its downward trend, maintaining the same overall number of rigs as the week before: 539 active rigs nationwide. The count has been down (bleeding) 14 of the last 16 weeks. Has the bleeding now stopped? We hope so. The Marcellus/Utica count remained the same for the past four weeks at a combined 36 active rigs. PA operates 18 active rigs. OH is running 11 rigs. And WV is operating 7 rigs. Twenty-four rigs targeted the Marcellus and 12 rigs targeted the Utica last week.
The U.S. Energy Information Administration (EIA) issued its latest monthly Short-Term Energy Outlook (STEO) last week. The STEO is the agency’s monthly best guess about where energy prices and production will head in the next 12 months. We joke about the predictions coming from a dartboard, given their seemingly random ups and downs. In this latest assessment, EIA dropped its estimates for the Henry Hub spot price for 2025, again. The agency expects the HH price to average $3.60 per million British thermal units (MMBtu) in 2025, $0.10 lower than last month’s forecast. EIA also dropped its 2026 forecast, now believing the gas price will average $4.30/MMBtu, down $0.10 from last month’s $4.40 (and WAY down from the estimate two months ago of $4.90 next year). 
We’ve extensively covered the Williams Northeast Supply Enhancement (NESE) Project over the years, including its death in May 2024 (see
ECA Marcellus Trust I, the royalty interest holder in some of the wells drilled and maintained by Greylock Energy in Greene County, PA, announced on Friday that it will issue a 2-cent dividend to unitholders for the second quarter of 2025. The company continues to hold back some profits ($90,000 in 2Q25) to build a cash reserve for “future known, anticipated or contingent expenses or liabilities.”
The nation’s largest LNG exporter, Cheniere Energy, is sounding the alarm that massive investments in and quick construction of natural gas infrastructure (namely, new pipelines) are needed to feed the LNG beast. LNG exports are due to double, to roughly 30 Bcf/d (billion cubic feet per day) by 2030—just five years away. The pipelines we have now are pretty much maxed out. We need new pipelines, and we need to start building them NOW.
For the week of August 4 – 10, the number of permits issued to drill new wells in the Marcellus/Utica dropped like a rock from the previous week. It was lousy. There were 10 new permits issued across the three M-U states last week, 24 fewer than the 34 issued two weeks ago. Pennsylvania was the only state to issue new permits. Both Ohio and West Virginia got skunked with ZERO new permits. The story in PA is the story of a single well pad. Nine of the 10 permits issued in PA were for a series of wells on a single pad in Greene County for EQT (under the name of Rice Drilling). The other permit was issued to Campbell Oil & Gas for a well in Clearfield County.