A Pennsylvania Department of Environmental Protection (DEP) inspector showed up at Stonehaven Energy’s Class IID “Latshaw 9” oil and gas wastewater injection well in Cranberry Township, Venango County, on Nov. 27 for a routine inspection. He found the well is not in use and hasn’t been in use since March 2023. The well was inspected…
Read More...Yesterday, the Pennsylvania Independent Fiscal Office (IFO) released its latest quarterly Natural Gas Production Report for July through September 2024 (full copy below). There were 63 new horizontal wells spud (drilled) in 3Q24, the same exact number as in 2Q24, but 3Q’s number was a decrease of 39 wells (-38%) compared to the third quarter…
Read More...There is an important development for landowners AND drillers in a class action case that began some seven years ago. A civil suit was brought by Harrison County oil and gas owners against Antero Resources Corp., claiming the company had deducted post-production costs from royalties not allowed under the leases they had signed. In 2022,…
Read More...When EQT first announced it intended to build the Mountain Valley Pipeline (MVP), stretching from Wetzel County, WV, to Pittsylvania County, VA, the project came with an estimated price tag of $3.5 billion and an estimated completion date of 2018 (see Mountain Valley Pipeline Files FERC Appl, Now Just Matter of Time). By the time…
Read More...In July, the Ohio Dept. of Natural Resources (ODNR) opened up the shuttered Austin Master Services (AMS) radiological waste management solutions company in Martins Ferry (Belmont County), Ohio, to begin cleanup work at the facility (see Flurry of Activity at Austin Master Services Site in Martins Ferry). AMS is permitted by the ODNR to temporarily…
Read More...According to the U.S. Energy Information Administration (EIA), working natural gas in storage in the Lower 48 states ended the natural gas injection season (Apr 1 – Oct 31) with 3,922 billion cubic feet (Bcf), the equivalent of 3.9 trillion cubic feet (Tcf). U.S. inventories are starting winter 2024–25 with the most natural gas since…
Read More...According to a Reuters analyst, natural gas prices in Asia, Europe, and North America have climbed by 30% to 50% in 2024 and are likely to keep rising over the coming months in early 2025 as forecasts for cold weather trigger higher heating demand in key consumer hubs. Although Europe entered the winter with “full”…
Read More...The Baker Hughes national rig count dropped another rig last week and now sits at 582. The national count continues to be rangebound between 581 and 589 since June. Slicing the national count slightly differently—by oil-focused vs. gas-focused rigs—oil rigs fell by two to 477 last week, their lowest since July, while gas rigs rose…
Read More...As we’ve stated many times, we’re not fans of so-called “net zero.” Net zero emissions refer to balancing the amount of greenhouse gases (GHG) emitted into the atmosphere with an equivalent amount of GHG removed, resulting in no net increase in atmospheric GHG concentrations. Scope 1 and 2 emissions are part of the broader framework…
Read More...The volume of natural gas flowing to U.S. LNG export facilities on Friday was on track to hit 14.6 billion cubic feet (Bcf), just shy of the all-time high of 14.7 Bcf recorded one year ago, in December 2023. The reason for the near-record high is that all LNG export facilities, including the up down…
Read More...We don’t begin to get excited about the price of natural gas unless and until it’s above $3/MMBtu and it stays there for a while. We’re there. Yesterday, the “front month” contract for NYMEX Henry Hub natural gas closed up 6.2 cents (1.8%) at $3.43/MMBtu. Over the past two days, the price closed up 30.2…
Read More...Ravi Srivastava The hits continue to roll in from Hart Energy’s DUG Appalachia event held in Pittsburgh earlier this month (two days after the election). Jordan Blum, editorial director for Hart, did a sit-down interview with Ravi Srivastava, president of new technologies for CNX Resources. The conversation was ostensibly about the important role of data…
Read More...Miami LNG (click for larger version) We’ve talked plenty about the big LNG export facilities scattered along the Gulf Coast that export a fair amount of Marcellus/Utica molecules (and the two LNG export sites on the East Coast, both of which export 100% M-U molecules). We now and again talk about some of the smaller…
Read More...In October, MDN told you about a Congressional investigation looking into the Department of Energy’s use of a prematurely released “study” as an excuse to “pause” (i.e., ban) new LNG export approvals (see Congress Probes Role of Bob Howarth Study in DOE LNG Pause). Cornell professor Robert Howarth, using money from the anti-fossil fuel Park…
Read More...In the spirit of doing the maximum amount of damage to the fossil fuel industry before being pried out of their cushy offices in the D.C. swamp, the Biden EPA last week proposed yet another onerous new regulation aimed at strangling natural gas-fired power plants. This latest attack ups the limits on emissions of nitrogen…
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