On Monday, CNX Resources Corporation announced total proved reserves of 8.43 Tcfe, as of December 31, 2019, seeing a 7% increase compared to the year before, according to PR Newswire. As a result of continued development within the Marcellus and Utica Shale plays, CNX organically added 1,648 Bcfe of proved reserves. Furthermore, the company replaced over
Read More...Tom ShepstoneShepstone Management Company, Inc. . … The Philadelphia refinery sale proposed by the debtor makes no sense and unsecured creditors are calling out what may be some serious corruption. I wrote about the proposed bankruptcy sale of a Philadelphia refinery the other day noting things seemed awfully fishy. But, now the rot is becoming
Read More...Dow to expand ethylene capacity in Canada, Shells sells refinery to focus on chemicals, PTTG advances Ohio works Posted on Feb 12, 2020 News Briefs Image shows one of the PTT Global Chemical’s existing assets. The company is evaluating an FID for a new cracker and polymer plant in Ohio. Image courtesy of PTTGC. Dow
Read More...In December Chevron announced it was writing down over $10 billion worth of its U.S. onshore shale assets, with $6.5 billion of that number coming from their Marcellus/Utica assets (see Chevron Writes Down $5B+ in Marc/Utica Assets, Looks to Sell All). In addition, the company announced it is putting all of its M-U assets up
Read More...The Ohio Supreme Court ruled yesterday that the Ohio tax commissioner correctly charged Tallgrass Energy’s Rockie Express (REX) pipeline $2 million in excise tax (based on $699 million of income), for gas transported from and to (within) Ohio. REX claimed it did not owe the tax because the same law that exempts gas transported out
Read More...Last week MDN told you that because of Andrew Cuomo’s blockade of new pipelines from Pennsylvania, the Iroquois Gas Transmission pipeline which crosses the state continues to import much of the gas flowing through it from Canada (see Due to Cuomo Pipeline Ban, Iroquois Imports Canadian Gas for NY). We spotted another article about Iroquois
Read More...Yesterday Dominion Energy issued its fourth quarter and full-year 2019 update. As part of the update, Dominion’s top brass talked about 2020 and beyond. Of particular interest for us was a bunch of news about the company’s stalled Atlantic Coast Pipeline (ACP) project. In particular, Dominion has purchased a small stake in the pipeline from
Read More...A Reuters article warns that U.S. shale gas investors are “bracing” for write-downs by major drillers, particularly in the Marcellus/Utica region. The article chronicles the write-downs we already know about (EQT, CNX, Shell and Chevron) and speculates that others (like Antero and Cabot) may make announcements in the coming days. And then, in a bit
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FEBRUARY 7, 2020 BY SHELLEY BYRNE A new multi-million dollar Ohio Port Authority grant program is providing funding to ports along the Ohio River and Lake Erie or businesses within ports. The Ohio Maritime Assistance Program began accepting applications from ports January 27 and will continue through March 27. It provides $11 million in funding through
Read More...Tom ShepstoneShepstone Management Company, Inc. . … Carbon emissions have failed to grow, despite significant growth in the global economy. Natural gas, that is fracking, here in the U.S. was a huge help. The International Energy Agency is out with a new report demonstrating it is the growth in our natural gas use, brought about
Read More...Global emissions plateaued to 33 billion tons in 2019, according to a new International Energy Agency report. This positive development—which came on the heels of two years of emission increases—was largely driven by a switch to natural gas in advanced economies. Meanwhile, the report also indicates the vast opportunities that still exist for natural gas
Read More...EID’s Will Allison testified today on behalf of the Independent Petroleum Association of America before the Council on Environmental Quality. The Denver hearing is the first of two such events for CEQ to hear commentary on its proposal to update the National Environmental Policy Act. Below is Mr. Allison’s testimony: Testimony Delivered By William Allison On Behalf
Read More...Rick HidukManaging Editor of EndlessMtnLifestyles.com … … Congressman Fred Keller participated in an exposition, the other day, of how Marcellus Shale development has completely changed the career culture. Congressman Fred Keller (PA 12th District) and other elected officials got a first-hand look on Jan. 31 at the nearly completed CDL training facility at Susquehanna County
Read More...Jim WillisEditor & Publisher, Marcellus Drilling News (MDN) Democrats and trades have been supporters of HB 1100 and the Energize PA initiative to build on Pennsylvania’s shale and they’re not happy with Tom Wolf. Pennsylvania House Bill (HB) 1100, aimed at attracting new petrochemical investment to the state, was previously passed by the PA House, and last
Read More...Judge Thomas Harris of Ashtabula common pleas court ordered Richard Morrow, who owns RWC Properties and Circle M Oilfield Transportation, to pay $200,000 for polluting the environment by illegally burning and mishandling oil field waste, according to Farm and Dairy. In 2017, the Ohio Environmental Protection Agency reported seeing Morrow burning waste in large storage
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