Industry News

Good News! U.S. LNG Exports On Track to More Than Double by 2028

According to the U.S. Energy Information Administration (EIA), North America’s liquefied natural gas (LNG) export capacity is on track to more than double between 2024 and 2028, from 11.4 billion cubic feet per day (Bcf/d) in 2023 to an astonishing 24.4 Bcf/d in 2028! That is, if all the projects currently under construction begin operations…

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Pennsylvania Dropped 3 Rigs Last Week, Lowest Count in 2.5 Years

The big news (for us) with the weekly Baker Hughes rig count is that last week, Pennsylvania laid down its use of three active drilling rigs, resulting in the lowest rig count in the state in 2 1/2 years. PA now operates 18 active rigs, down from 21 the week prior. The last time PA…

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WV Chips in $10M to Attract $125M Hydrogen Project to Mason County

Mason County, WV Last Friday, the West Virginia Economic Development Authority (EDA) approved spending up to $10 million in an economic incentive package for a project that Babcock & Wilcox (B&W) has proposed. B&W plans to invest $125 million in WV’s Mason County to build a hydrogen production facility. One of the inputs (feedstock) for…

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UGI Seeks to Store LNG in Trailers in Scranton Suburb During Winter

UGI, a diversified energy company with midstream (pipeline) operations in the Marcellus and one of PA’s largest utility companies, wants to store trailers of LNG in the parking lot of a storage facility near Scranton, PA, and is seeking a zoning variance to do so. UGI needs extra supplies of natural gas to inject into…

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Steel Nation Founder Promotes Marcellus Shale at Trump Rally in PA

Last Friday, former President Donald J. Trump held a rally in Johnstown (Cambria County), PA, in the southwestern part of the state. A key focus of the meeting was energy and Trump’s support of PA energy versus Kamala Harris’ position of being against fracking (contrary to her recent flip-flop on the issue). During the rally,…

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E&P Highlights: Sep. 2, 2024

Here’s a roundup of the latest E&P headlines, with Valeura increasing production at their Nong Yao C development and Oceaneering securing several contracts in the U.K. North Sea. This post appeared first on Hart Energy.

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Labor Day 2024 – MDN Off for Today

To view this content, log into your member account. (Not a member? Join Today!) The post Labor Day 2024 – MDN Off for Today first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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