In 2015 Cunningham Energy, a small oil driller based in West Virginia, struck oil in the Big Injun sandstone formation in Clay County, WV (see Cunningham Strikes Oil in West Virginia’s Big Injun Territory). In 2017 the company reported producing 20,000 barrels of oil from two new shallow horizontal oil wells in Clay County, targeting…
Read More...At the end of May, WhiteHawk Energy, headquartered in Philadelphia with ownership of mineral and royalty interests for 850,000 gross unit acres and over 2,500 producing horizontal shale wells between the Marcellus and the Haynesville, sent a letter to the board and management of PHX Minerals, based in Fort Worth, Texas, owner of 75,000 leased…
Read More...Yesterday MDN editor Jim Willis had a nice chat with a renewing MDN subscriber (a landowner with wells and leases in Ohio). The question arose, “What do you see happening right now?” Jim’s response: “As long as the price of natural gas stays below $3, not much!” Jim made the point that price drives this…
Read More...In May, the Bidenistas at the Environmental Protection Agency (EPA) released a hellscape of new regulations (681 pages) aimed at forcing coal- and natural gas-fired power plants to close (see New Biden EPA Regs a “Death Sentence” for Fossil-Fuel Power Plants). The editors of the Wall Street Journal called the new EPA regulations “An EPA…
Read More...Once a month, U.S. Energy Information Administration (EIA) analysts issue the agency’s Short-Term Energy Outlook (STEO), their best guess about where energy prices and production will go in the next 12 months. The latest monthly report, issued Tuesday, predicts that U.S. natural gas production AND demand will rise to record highs in 2023. EIA projected…
Read More...Earlier this year, Roulette Oil & Gas LLC received approval from the federal EPA to build a shale wastewater injection well in Clara Township in Potter County, PA (see EPA Approves Potter County, PA Injection Well, Waiting Now for DEP). On March 31, the Clara Town Board passed an amended version of its 1987 ordinance…
Read More...Greylock Energy is headquartered in Charleston, WV, with offices in West Virginia, Pennsylvania, Utah, and Wyoming and operations scattered throughout Appalachia and the Rockies. The company’s assets comprise more than 1.19 million acres, about 6,700 wells, including the operation of 4,000 wells throughout Appalachia (shale and conventional) and 2,600 miles of pipeline. Grelock has contracted…
Read More...One year ago, we reported the sad (and angering) news that U.S. Senator Joe Manchin, a liberal Democrat from West Virginia, had betrayed his WV constituents and the entire country by secretly cutting a deal to vote for Joe Biden’s New Green Deal bill repackaged under the false and misleading name of the Inflation Reduction…
Read More...The left always twists language in its attempt to push its ideology and agenda–even in Christianity. The Pennsylvania-based Evangelical Environmental Network (EEN), during its 15-year history, has supported every far-left environmental regulation proposed by the Democrat Party, and has criticized every conservative, Republican energy plan that allows for fossil energy to flourish in the Keystone…
Read More...In 2020, EOG Resources, one of the largest oil and gas drillers in the U.S. (with international operations in Trinidad and China), sold *all* of its Marcellus assets, which were located in Bradford County, PA, to Tilden Resources for $130 million (see EOG Resources Sells Marcellus Assets for $130M, Exits Basin). EOG left the M-U…
Read More...For the fourth week in a row and the 13th time in the last 14 weeks, the U.S. active rig count lost rigs. It’s grueling. Last week the number decreased by five rigs after falling five rigs the week before–now down to 659 active rigs across both oil and gas. The Marcellus dropped one rig…
Read More...According to analysis by John Kemp at Reuters, lower prices for oil and a slowdown in drilling activity are finally causing crude oil output to peak and turn down. In May, crude and condensates production for the Lower 48 states (excluding Gulf of Mexico production) rose by just 19,000 barrels per day compared with April….
Read More...Equitrans Midstream owns two natural gas storage wells in the Swarts Complex and Hunters Cave Storage Fields area of Greene County, PA–in Center, Franklin, Morris, and Washington Townships. CONSOL Energy, which used to be part of CNX Resources but is now a standalone company focusing on the coal industry, plans to mine coal above and…
Read More...Williams, one of the largest pipeline companies in the world, issued its second quarter update yesterday. The company reported 2Q23 net income of $515 million, up 5% from 2Q22. The company had record high gathering volumes of 18.03 Bcf/d. The company provided updates for two important Marcellus/Utica projects. (1) Williams continues constructing the Regional Energy…
Read More...Adelphia Gateway is a project converting an old oil pipeline into a natural gas pipeline. The project stretches from Northampton County, PA, through Bucks, Montgomery, and Chester counties, terminating in Delaware County at Marcus Hook. The project converted 50 miles of an existing 84-mile pipeline from oil to natural gas. The northern 34 miles of…
Read More...