Chemical recycling firm Agilyx Corp. announced Feb. 25 that ExxonMobil Chemical Co. has joined its Cyclyx subsidiary, taking a 25 percent ownership stake in the feedstock management firm and joining as a founding member. Tigard, Ore.-based Agilyx had announced in mid-2020 that it was forming Cyclyx as a way to make better use of the
Read More...President Biden has promised on numerous occasions that he will not ban fracking, yet in a first test today the Biden administration refused to uphold this commitment, offering its support of a fracking ban: “The federal government is abstaining from today’s vote. We respect the outcome of this vote.” – Brigadier General Thomas J. Tickner,
Read More...Yesterday Cabot Oil & Gas issued its fourth-quarter and full-year 2020 update. Cabot continues to be one of the few drillers that consistently makes a profit quarter after quarter, year after year–even during a downturns like what happened in 2020. Although down from 2019, in 2020 Cabot made just over $200 million in net income.
Read More...Range Resources issued its fourth-quarter and full-year 2020 update yesterday. Range was the very first driller to sink a Marcellus well, back in 2004. The company currently owns ~460,000 acres in the M-U, most of it in the “wet gas” region which produces higher-profit NGLs. Range made $38 million in net profit during 4Q20, but
Read More...In December MDN brought you the news that the Pennsylvania Dept. of Environmental Protection (DEP) is proposing and seeking comments on changes to the state’s Chapter 105 (water obstructions and encroachments) permit (see PA DEP Proposes Changes to Ch. 105 Water Permits). It’s a fundamental permit almost all outdoor construction projects in PA are required
Read More...More than six years ago a group of landowners in Wayne County, Illinois sued the state for its refusal to grant permits to drill and frack in the New Albany Shale deposit. Over the years the case morphed and the plaintiff became Next Energy, LLC, which acquired the leases to explore and develop the shale
Read More...Cheniere Energy operates two huge LNG export facilities–one in Sabine Pass, Louisiana, the other in Corpus Christi, Texas. Cheniere is the #1 LNG exporter in the U.S. Yesterday the company issued its fourth-quarter and full-year 2020 update. The company said it secured over 4 million tonnes of LNG supply deals during 4Q20. While the company
Read More...The Gas Exporting Countries Forum (GECF) is an international governmental organization providing a framework for exchanging experience and information among member cuntries. The GECF is a gathering of the world’s leading gas exporting countries and was set up as an international governmental organization with the objective to increase the level of coordination and strengthen the
Read More...Victor FurmanUpstate New York Landowner, Shale Gas Activist …. …. [Editor’s Note: Andrew Cuomo is corrupt and the whole world now knows it. The Cuomo revelations tell us it is time to re-examine his fracking ban.] It’s out now, The narcissistic ways of the king have been revealed, showing that, all along, he was
Read More...It’s no secret that New Mexico is in a bind. From the Biden administration’s efforts to ban new permits and leases on federal land, to the New Mexico legislature’s move to place a ban on new hydraulic fracturing permits on state lands during this legislative session, there’s an all-out assault against the state’s energy industry.
Read More...During the second day of her confirmation hearing to serve as Interior Secretary, Rep. Deb Haaland (D-N.M.) definitively said that the Biden administration’s “pause” on oil and natural gas permitting and leasing on federal lands won’t become a permanent policy. After again being repeatedly pressed by members of the U.S. Senate Energy & Natural Resources
Read More...Roger CaiazzaIndependent Researcher and Publisher,Pragmatic Environmentalist of New York … [Editor’s Note: Facebook is into brainwashing these days, labeling it as fact-finding and using phony excuses to hide its own very political agenda.] A friend recently posted information on Facebook that the Texas blackout situation was a “literal perfect storm test if an all-renewable energy
Read More...Jim WillisEditor & Publisher, Marcellus Drilling News (MDN) [Editor’s Note: If the third time wasn’t the charm, the seventh time is surely dead on arrival for Tom the Trust-Funder Wolf’s severance tax obsession.] As we reported in January, Pennsylvania Gov. Tom Wolf (Democrat) has, for the seventh year in a row, introduced a Marcellus-killing severance tax proposal
Read More...Pennsylvania Gov. Tom Wolf unveiled a program dubbed Back to Work PA earlier this month in his budget proposal that would impose an extraction tax on natural gas in addition to the impact fee producers already pay to state and local governments, according to The Morning Call. The proposed tax would produce an estimated $300
Read More...The Biden administration’s orders on oil and natural gas leasing and permitting on federal lands are not permanent bans, according to Rep. Deb Haaland (D-N.M.), during day one of her confirmation hearing for Interior Secretary who said. Throughout the hearing, Rep. Haaland repeatedly told members of the Senate Energy & Natural Resources Committee that she
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