Energy Companies

Dan Rice’s New “Net-Zero” CO2 Company Gets Extra $275M Investment

Last December, Rice Acquisition Corp II, a special purpose acquisition company (SPAC) started by the Rice brothers (Danny, Toby, and… Continue reading The post Dan Rice’s New “Net-Zero” CO2 Company Gets Extra $275M Investment first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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$8 Billion in Free Cash Flow for Shale Gas Drillers “Off the Table”

Free cash flow (FCF) refers to a company’s available cash repaid to creditors and as dividends and interest to investors…. Continue reading The post $8 Billion in Free Cash Flow for Shale Gas Drillers “Off the Table” first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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20 New Shale Well Permits Issued for PA-OH-WV Apr 10-16

New shale permits issued for Apr. 10-16 in the Marcellus/Utica picked up two from the prior week. There were 20… Continue reading The post 20 New Shale Well Permits Issued for PA-OH-WV Apr 10-16 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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EQT CEO Toby Rice Made $11.6M in 2022, Down from $16.9M in 2021

Yesterday EQT Corporation held its annual meeting in Pittsburgh. It was short and sweet. Everything presented in the company’s previously… Continue reading The post EQT CEO Toby Rice Made $11.6M in 2022, Down from $16.9M in 2021 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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CNX Partners with California Co. to Produce Clean Electricity

An interesting announcement issued yesterday by CNX Resources says the company is partnering with a California company, Sapphire Technologies, to… Continue reading The post CNX Partners with California Co. to Produce Clean Electricity first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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PA DEP Investigates Bad Odor Coming from Shell Cracker Plant

The mighty Shell ethane cracker in Beaver County, PA (called Shell Polymers Monaca) has had “issues” getting and staying fully… Continue reading The post PA DEP Investigates Bad Odor Coming from Shell Cracker Plant first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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Chesapeake Makes Slow Progress Cleaning Up Spills at NE PA Pad

There is an ongoing issue with cleanup at a Chesapeake Energy well pad in Bradford County, PA. The Pennsylvania Dept…. Continue reading The post Chesapeake Makes Slow Progress Cleaning Up Spills at NE PA Pad first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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18 New Shale Well Permits Issued for PA-OH-WV Apr 3-9

New shale permits issued for Apr. 3-9 in the Marcellus/Utica dropped again from the prior week. There were 18 new… Continue reading The post 18 New Shale Well Permits Issued for PA-OH-WV Apr 3-9 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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PA DEP Issues Three More Air Pollution NOVs to Shell Cracker

The mighty Shell ethane cracker has had “issues” getting and staying fully up to speed. Since it officially went online… Continue reading The post PA DEP Issues Three More Air Pollution NOVs to Shell Cracker first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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WV, EQT, Battelle Submit ARCH2 Application for M-U Hydrogen Hub

Yesterday MDN told you about the recently-filed application by the State of Pennsylvania to attract one of 6 to 10… Continue reading The post WV, EQT, Battelle Submit ARCH2 Application for M-U Hydrogen Hub first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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Encino Offered OH $1.8B Deal to Drill Under Salt Fork State Park

Yeah, you read the headline correctly. Encino Energy offered the State of Ohio $1.8 BILLION (estimated) to drill for natural… Continue reading The post Encino Offered OH $1.8B Deal to Drill Under Salt Fork State Park first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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PA Loses Equinor, Gains Mitsubishi in Hydrogen Hub Application

One of two original “anchor” applicants in the billion-dollar hydrogen hub Hunger Games contest that was part of Pennsylvania’s application… Continue reading The post PA Loses Equinor, Gains Mitsubishi in Hydrogen Hub Application first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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EQT to Plant Trees in Wheeling, WV to Help Company Reach Net-Zero

These days oil and gas companies (and other types of companies, too) have to “prove” they are helping to make… Continue reading The post EQT to Plant Trees in Wheeling, WV to Help Company Reach Net-Zero first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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Grant Twp Asks PA Supreme Court to Ban Injection Wells

Since 2015 we’ve reported on the case of Grant Township (Indiana County, PA), a town that passed an ordinance cooked… Continue reading The post Grant Twp Asks PA Supreme Court to Ban Injection Wells first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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PA DEP Finds 2 Repsol Wells in Susquehanna County Venting Methane

During a routine inspection conducted earlier this week by the Pennsylvania Dept. of Environmental Protection (DEP), an inspector discovered two… Continue reading The post PA DEP Finds 2 Repsol Wells in Susquehanna County Venting Methane first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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