Industry News

EDF/Google Methane Satellite Will Ignore 79% of Methane Emissions

Last week, MDN told you about a new methane-sniffing satellite that will be launched in May, paid for and to be managed by the extreme leftwing green group Environmental Defense Fund (see EDF Gets Ready to Launch Satellite to Sniff Out Fugitive Methane). We have new information about the satellite. EDF will use algorithms (from…

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Other Stories of Interest: Fri, Feb 16, 2024

NATIONAL: USA Compression boasts record revenues for Q4; API files petition challenging Biden’s oil & gas leasing program; House votes to overturn Biden’s natgas export approval freeze; INTERNATIONAL: OPEC+ oil-cut laggards pledge compliance with targets; OEUK warns of 40,000+ job losses. Please Login to view this content. (Not a member? Join Today!) The post Other

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Low Gas Price May Cause EQT to Shut-in Production, Curtail Drilling

EQT Corporation, the largest natural gas producer in the U.S. (100% focused on the Marcellus/Utica) released its fourth quarter and full-year 2023 update yesterday. According to CEO Toby Rice, 2023 was a big year for the company which “set multiple drilling world records” and achieved its highest completion efficiency pace ever. Last year, EQT closed…

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Record High NGL Exports from Marcus Hook, ET Expanding Facility

Pipeline giant Energy Transfer (ET), owner of the Mariner East Pipeline system, the Marcus Hook NGL terminal, and the Rover pipeline in the Marcellus/Utica region, issued its fourth quarter and full-year 2023 update yesterday. Net income for 4Q23 was $1.57 billion, up 9% from 4Q22’s $1.44 billion. However, net income for 2023 was $5.29 billion,…

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Triple Royalties Provision Stripped from WV Bill on Late Payments

Earlier this week, MDN reported on a bill making its way through West Virginia’s legislative sausage-making process (see WV Bill Triples Conventional Well Royalty Payments if Made Late). WV House Bill (HB) 4292 attempts to close a loophole affecting landowners and mineral rights owners with a conventional oil or gas well, some of whom suffer…

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