Industry News

CNX Buying 51M Gal. of Water from Beaver Run Reservoir for Fracking

Water use restrictions have finally been lifted at the Beaver Run Reservoir in Westmoreland County, PA (near Pittsburgh). The Municipal Authority of Westmoreland County (MAWC), which manages Beaver Run Reservoir, has issued a contract to CNX Resources allowing the company to buy up to 51 million gallons of water to use in fracking at nearby…

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OH Federal Judge Allows “Drilled Too Deep” Case to Proceed

Here’s a strange one we don’t quite understand. Yet. Two weeks ago we brought you the news that a jury in a federal court had decided a group of Utica shale drillers, including Rice Drilling (now EQT), Ascent Resources, XTO, and Gulfport Energy, were not guilty of “unjust enrichment” by drilling into the Point Pleasant…

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Activists Disregard Will of Voters In Latest Gas Stove Ban Attempts

‘Electrify Everything’ advocates are once again attempting to circumvent voters to pass backdoor natural gas bans. That’s because time and again voters have expressed that they want consumer choice when it comes to how they heat their homes and cook their food. In fact, many Americans want to keep their gas stoves. Source: Grist, December

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Appalachian Methane Initiative Concludes 2023 Test, Expands in 2024

In January 2023, three Marcellus/Utica companies — Chesapeake Energy, EQT, and Equitrans Midstream — launched the Appalachian Methane Initiative (AMI), a coalition committed to further enhancing methane monitoring throughout the Appalachia Basin and reducing methane emissions throughout the region (see EQT, Chessy, Equitrans Form M-U Methane Monitoring Club). The initial pilot campaign from 2023 is…

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Texas Yanks $8.5 BILLION Out of BlackRock re ESG

The State of Texas just dropped a major bombshell on investment manager BlackRock and the entire so-called ESG (environment, social, governance) space. The Texas Permanent School Fund (PSF), created in the 19th century to support the state’s public schools, has pulled $8.5 billion of its investments away from BlackRock over the state’s determination that BlackRock…

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Toby Rice Sounds Off at CERAWeek on Better Market for Gas Than LNG

The annual CERAWeek by S&P Global conference is happening now in Houston. Everybody who’s anybody is there. (Yes, we’re nobodies; we’re not there!) Oil and gas CEOs, politicians, regulatory agencies — they all convene in Houston to talk about energy at what is billed as “the world’s premier energy conference.” Toby Rice, CEO of EQT…

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PA GOP Lawmakers Say Governor’s Carbon Tax Scheme “Dead on Arrival”

Last week, Pennsylvania Gov. Josh Shapiro traveled to Scranton, PA, to do a dog-and-pony show announcing his personalized version of the Regional Greenhouse Gas Initiative (RGGI) carbon tax that would apply only to PA (see PA Gov. Shapiro Proposes Own Version of Marcellus-Killing Carbon Tax). Shapiro calls it PACER, the Pennsylvania Climate Emissions Reduction Act….

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Study: PA’s Emissions Decrease as Marcellus-Fired Power Increases

Thanks to abundant, clean Marcellus shale gas, Pennsylvania remained the country’s top electricity exporter in 2023 while simultaneously reaching a new low for carbon dioxide (CO2) emissions from electricity generation, according to the Pennsylvania Independent Fiscal Office’s (IFO) latest analysis. Yes, you read that right. PA is producing more electricity than ever, yet CO2 emissions…

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