Industry News

What May Be Ahead for M-U in 2025 & 2026: More Pipes, More M&A

The end of the year and the beginning of a new year are times when many publications reflect on what was and what may be. A recent article by Hart Energy’s Oil and Gas Investor magazine tackled the topic of what may lie ahead for the Marcellus/Utica region over the next couple of years. The…

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5 PUCO Commissioners to Decide the Future of Data Centers in Ohio

Last fall, MDN began tracking the issue of who, ultimately, should pay to build out new electricity sources for data centers (and AI) that increasingly use huge amounts of power (see Big Tech and Big Utility Tangle in Ohio re Data Center Electricity and Big Tech Not Happy with OH Utility Counterproposal re Data Centers)….

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Pittsylvania (VA) County Planning Bd. Votes to Deny Data Center Plan

The Pittsylvania County Planning Commission voted on Jan. 7 to recommend against granting Virginia-based Balico permission to proceed with a $8.85 billion project to build a data center complex. Last October, Balico applied to rezone more than 2,200 acres for a proposed campus that would include its own massive on-site gas-fired power plant complex using…

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FERC Approves Plan for Shell to Buy R.I. Gas-Fired Power Plant

Last October, Shell signed an agreement to buy 100% of RISEC Holdings’ 609-megawatt (MW) two-unit combined-cycle gas turbine power plant located near Providence, Rhode Island (see Shell Buys Gas-Fired Power Plant Near Providence, Rhode Island). Shell wants to buy the plant out of self-interest. The company supplies natural gas to the plant. Shell would be…

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Coterra Buys More Permian Acreage, Automates Fracking with AI

We have two stories about Coterra Energy to share. Coterra was formed in 2021 by the merger of the Marcellus-focused Cabot Oil & Gas and the Permian/Anadarko-focused Cimarex Energy. Unfortunately (for the M-U), the merged company has chosen to concentrate new drilling outside of the northeast Pennsylvania Marcellus until the price of natgas improves (see…

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Largest Bank in U.S. Drops Out of UN’s Net Zero Banking Alliance

Last week, MDN brought you the great news that five of the six largest banks in the United States have now canceled their memberships in the awful Net Zero Banking Alliance (NZBA), a group of woke banks under the umbrella of the equally terrible United Nations (see U.S. Big Banks Drop Out of the UN’s…

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Other Stories of Interest: Thu, Jan 9, 2025

OTHER U.S. REGIONS: Texas oil, natural gas industry breaks record with $27.3B paid in taxes, royalties; Report from seven New England states outlines “staggering costs” of green energy policies; NATIONAL: Energy sector goes from S&P 500’s ‘worst to first’ in 2025 start; How Madoff’s Ponzi beneficiaries are funding climate lawfare; INTERNATIONAL: Oil slips below $74…

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