Over the past week, the Enverus U.S. rig count jumped up by another 14 active rigs, making the new count 456. That’s the highest the rig count has been since April 2020 when the count began to drop like a rock as the coronavirus pandemic began to bite deeply. While the dry gas Marcellus lost
Read More...Northern Oil and Gas, Inc., a company that invests in non-operated oil and gas assets (they let others do the drilling), announced yesterday it has purchased 64,000 net acres producing ~120 MMcfe/d (million cubic feet equivalent per day) in the Marcellus/Utica from Reliance Industries Limited (RIL). The cash purchase price is $250 million.This post appeared
Read More...HUGE news! This morning the U.S. Supreme Court decided to hear the PennEast Pipeline case. The case appeals a lower court ruling that disallows PennEast from using eminent domain to build across land owned or controlled by the State of New Jersey. The court’s acceptance of the case is an excellent sign PennEast will win
Read More...Zenith Energy, based in Houston, TX and Metuchen, NJ, announced yesterday it has purchased the bulk terminal storage operations of Guttman Energy in three locations: Aurora, Ohio, Belle Vernon, Pennsylvania, and Star City, West Virginia. Zenith says the reason for buying the terminals is to support customers in the Marcellus/Utica. What, exactly, is Zenith selling to
Read More...Clarington, OH The Monroe County, OH Port Authority has scored close to $3 million in grants and loans to fund a development project located at a former CONSOL Energy coal mining site south of Clarington, OH. The money will be used to build an access road and repair eight of 12 existing barge cells on
Read More...Ohio AG Dave Yost We continue to peel back the layers of the rotten, smelly, stinky onion that is Ohio’s House Bill (HB) 6, a law granting billions (plural) to FirstEnergy in an attempt to prop up the company’s economically failing nuclear power plants. FirstEnergy is accused of bribing legislators to pass, and keep passed,
Read More...Virtual pipeline company Xpress Natural Gas (XNG), which operates a major compression station/trucking facility not far from MDN headquarters, has agreed to sell itself to Basalt Infrastructure Partners, an investment firm located in London and New York City. The sale price was not disclosed.This post appeared first on Marcellus Drilling News.
Read More...Vermont Gas is probably sorry it ever decided to build a tiny 41-mile pipeline between Chittenden and Addison counties to deliver clean-burning natural gas to Vermonters. Not only was the project hounded by anti-fossil fuel nutjobs, since going online in 2017 the project has been hounded by the State of Vermont itself! After a multi-year
Read More...After Joe Biden signed an Executive Order in his first few days on the job killing the Keystone XL pipeline project (instantly throwing 11,000 union members of out high-paying jobs), anti-fossil fuel nuts have been salivating (drooling, actually) in anticipation of what else old dementia Joe will do next to kill off other pipeline projects,
Read More...The City of Monroe, North Carolina is a shining example of what other cities should do. The city recently launched a new LNG facility online (took three years to build). The city buys natural gas on the open market when the price is low, liquefies and stores it, and then regasifies it for use later–saving
Read More...FERC Chairman Glick Newly appointed Federal Energy Regulatory Commission (FERC) Chairman Richard “Dick” Glick is already targeting natural gas pipelines–to keep them from getting built. Since his appointment by Donald Trump, Glick, a Chuck Schumer Democrat, has voted against every single new natural gas pipeline project using the excuse of man-made global warming. Now he’s
Read More...On Friday the Federal Energy Regulatory Commission (FERC) granted its approval to Williams to begin construction on the Leidy South Project in central Pennsylvania. The purpose of the Leidy South Project, which is part of the mighty Transco pipeline, is to connect robust supplies of natural gas in the Marcellus and Utica producing regions in
Read More...In 2016 a group of business and government leaders from Ohio and West Virginia in the Mid-Ohio Valley banded together to form an economic development group called Shale Crescent USA, or SCUSA (see Group Promotes Mid-Ohio Valley for Petrochem: Shale Crescent USA). The aim of the group is to attract manufacturers (particularly petrochemical manufacturers) to
Read More...Last week MDN brought you Part 1 of a series on the coming crisis in lack of pipeline capacity serving the Marcellus/Utica region (see Marcellus/Utica Heading for Another Pipeline Shortage). While the crisis isn’t fully here yet, it is on the way according to the expert analysts at RBN Energy. Today we have Part 2
Read More...On Friday MDN told you that EQT has partnered with a company called Project Canary (used to be Independent Energy Standards Corporation) to use the TrustWell™ Responsible Gas Program to monitor two EQT gas wells to prove to the world (in particular the global warming lunatics) that EQT’s gas is good and green (see EQT
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