Industry News

National Rig Count Gains 6 @ 582; M-U Count Steady @ 34

Prior to last week, the Baker Hughes national rig count had been in a freefall for weeks, dropping to a 3+ year low of 576 (see National Rig Count Falls Again, Lowest in 3+ Years; M-U Steady). Last week, the trend finally turned around. The national count gained six rigs to 582. The Marcellus/Utica rig…

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New Power Plant/Data Center Proposed in Columbus, OH Suburb

In January, MDN outlined the issues before the Ohio Public Utilities Commission (PUC) in deciding how much money builders of data centers (like Amazon, Google, etc.) must commit if they want to connect to the local grid for power supplies (see 5 PUCO Commissioners to Decide the Future of Data Centers in Ohio). However, a…

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PA PUC Publishes Fee Schedule for Marcellus Impact Fee/Tax 2024

In December, Pennsylvania’s Independent Fiscal Office (IFO), the agency charged with providing revenue projections along with impartial and objective analysis of fiscal, economic, and budgetary issues for the citizens and legislature of Pennsylvania, provided its best guess as to how much revenue the PA impact fee (i.e., severance tax) will generate from shale wells drilled…

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INR IPO Does Better than Expected, Stock Trading Pops 10% Higher

A couple of encouraging signs for Infinity Natural Resources (INR) and its recent initial public offering (IPO). Two weeks ago, we told you that INR had pulled the trigger on its IPO and was offering new shares, targeting to receive somewhere between $18.00 and $21.00 per share (see Infinity Natural Resources Launches IPO, Hopes to…

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Maryland Congressman Wants to Dump Power Line, Build NatGas Pipes

It’s alarming! Common sense is breaking out all over. In January, we told you about a Maryland Democrat, General Assembly member C.T. Wilson from Charles County, who is attempting to get the rules changed in the Old Line State to redefine natural gas as “green” energy (see Maryland Democrat Flips, Wants to Use NatGas to…

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The Ax Swings at Larded-Up EPA, 1100 Employees Put on Notice

The libs and swamp dwellers are apoplectic. The Bidenistas larded up government agencies with thousands of new employees over the past four years. The federal government added approximately 200,000 new employees in the past four years, with the most significant increase occurring in 2023, when the workforce grew by around 85,000 individuals. Donald Trump and…

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Trump Slaps Canada & Mexico with Tariffs, Including 10% on O&G

Reading between the lines, we’d say the politicians in both Canada and Mexico are puking their guts out after Donald Trump actually did what he said he would do: He slapped a 25% tariff (i.e., tax) on any imports coming to the U.S. from either of our neighbors north and south. The new tax includes…

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