It pains us to write these kinds of posts, but we can’t ignore the bad news that the futures price for natural gas (NYMEX Henry Hub, front-month) is once again crashing. It closed down just above $2.00 yesterday. Will the price actually sink below $2 once again? It’s possible. The question is, why? What is…
Read More...If at first you don’t succeed, try, try again. That appears to be the philosophy of a group of radicalized “environmental” groups attempting to pressure Pennsylvania Gov. Josh Shapiro to veto a new bill sitting on his desk, Senate Bill (SB) 831, the Carbon Capture & Sequestration (CCS) Act. Last week, a strong bipartisan majority…
Read More...Yesterday, Range Resources, the very first driller to sink a Marcellus shale well back in 2004, released its 2023-2024 Corporate Sustainability Report (CSR). Some companies call these CSR or sustainability reports, while others still use the now hugely unpopular ESG (Environmental, Social, and Governance) label. We’re glad to see Marcellus/Utica drillers moving away from using…
Read More...Kinder Morgan (KM), owner and operator of the mighty Tennessee Gas Pipeline along with many other pipeline systems, issued its second quarter update yesterday. It was clear from the materials and the comments made during the conference call that KM is high on natural gas. The company believes natgas has a rosy future, and KM…
Read More...Pennsylvania mineral rights owners (i.e., landowners) are about to get a well-deserved tax break. Thanks to a bill recently passed by the PA legislature, Senate Bill (SB) 654, individual landowners will receive the same tax benefits afforded to investors. If a company buys mineral rights and the right to receive royalty payments from oil and…
Read More...Last fall, MDN shared the sad news that Pennsylvania State Rep. Charity Grimm Krupa (Republican In Name Only from Fayette County) had turned against the Marcellus industry (see Anti-Marcellus RINO Intros Bill to Block All PA Injection Wells). Krupa introduced legislation that would ban the drilling of new wastewater injection wells in the state, making…
Read More...The left sees its hegemony over political power slipping away along with the fading memory of Joe Biden. Biden was their guy as long as he could deliver a win and keep them in power. If he can’t win, the left will turn on him and eat him alive. While it’s too soon to declare…
Read More...The Republican platform is a breath of fresh air with respect to where our country needs to go with its energy policies. You may or may not agree with some of the non-energy planks in the platform, but if you support oil and gas, you will LOVE what this document says about energy. In fact,…
Read More...A MAJOR victory for Pennsylvania Republicans that is not getting the attention it should. For years, PA State Sen. Gene Yaw and others have lobbied for review by qualified third parties to speed up the turnaround time to approve relatively simple permits issued by the Dept. of Environmental Protection (DEP), including earth disturbance/erosion permits, known…
Read More...According to Public News Service (PNS), a Big Green propaganda outfit funded (in part) by the Fresh Water Accountability Project, the CEO of Austin Master Services (AMS), a frack waste storage facility in Martin’s Ferry, Ohio, was supposed to attend a Belmont County court hearing by phone. He faces contempt-of-court charges for failing to clean…
Read More...The 1,100-mile-long Algonquin Gas Transmission Pipeline delivers natural gas, including Marcellus/Utica gas, to New England. Algonquin is connected to the Texas Eastern Pipeline and the Maritimes & Northeast Pipeline. Algonquin crosses through (delivers gas to) Connecticut and several other states. Three compressor stations are located along the portion of Algonquin that traverses Connecticut. One of…
Read More...Freeport LNG closed its export plant on Sunday, July 7, in anticipation of Hurricane Beryl hitting the Texas Gulf Coast (see Surprise! Freeport LNG Exports Shut Down Due to Hurricane Beryl). The storm passed through the Freeport region and left a lot of damage, including some damage to the Freeport facility. As Freeport works to…
Read More...Anti-fossil fuel zealots from the Chesapeake Climate Action Network and from an Indian tribe as far away as Nova Scotia (Canada) are opposing a $12 billion plan by Washington Gas to fix leaky (very old) natural gas pipelines that cross under the streets of our nation’s capital, Washington, D.C. An article from the Big Green…
Read More...Over the past seven-plus years, BKV Corporation (Banpu Kalnin Ventures), the American arm of Banpu (96% owned by Banpu, Thailand’s largest coal mining company), has become one of the top 20 gas-weighted natural gas producers in the U.S. BKV originally entered the American shale sector by investing $500 million in 2016-2017 to buy existing Marcellus…
Read More...In December 2022, Rice Acquisition Corp II, a special purpose acquisition company (SPAC) started by the Rice brothers (Danny, Toby, and Derek), announced a deal to acquire NET Power — an electric power developer with revolutionary new technology to capture every last molecule of carbon dioxide from natural gas-fired power plants (see Dan Rice Buys…
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