In November 2022, one of the ten natural gas storage wells at the Equitrans Rager Mountain Gas Storage Area in Jackson Township, Cambria County (in Pennsylvania), began to leak. Equitrans is the owner/operator of Rager Mountain. The well leaked roughly 100 million cubic feet per day (MMcf/d) of gas into the atmosphere (see Equitrans Gas…
Read More...Only in the mind of twisted leftists does this make sense. New York State is energy-hungry. Yet our state “leaders” demand we begin to phase out the one source of energy that provides something like 90% of all energy in the state: Natural gas and oil. You have to replace all that energy somehow. The…
Read More...LS Power, headquartered in New York City, has developed or acquired 47,000 MW of power generation, including utility-scale solar, wind, hydro, battery energy storage, and natural gas-fired facilities. We’ve previously mentioned LS Power in a number of MDN articles (see our LS articles here). The company issued a press release yesterday to announce it has…
Read More...U.S. natural gas and power prices hit multi-year highs on Friday with the prospect of frigid temps and snow storms in various portions of the country. The extreme cold was expected to bring record gas demand and cut supplies by freezing wells. The spot price of natural gas at various trading hubs from the West…
Read More...The Bidenistas unveiled a new regulatory proposal targeting natural gas on Friday that would introduce an obscene new tax on the fossil fuel industry, punishing natgas producers that exceed a certain level of methane emissions. The Biden EPA, which took point on introducing the new federal methane tax, said it will help “tackle wasteful methane…
Read More...West Virginia continues to lag behind both Pennsylvania and Ohio with respect to building combined cycle natural gas-fired power plants. PA and OH have a combined 39 such power plants. WV has zero. In March 2023, West Virginia Senate Bill (SB) 188, aimed at making WV’s gas-fired power generation more competitive with its neighbors in…
Read More...Antero Resources is one of the largest drillers in the Marcellus/Utica (with major assets in West Virginia). As good and careful as companies like Antero are when hiring, sometimes there’s a rotten apple found in the barrel. Such was the case with a former employee who headed up the company’s operations in WV — where…
Read More...The Baker Hughes rig count lost ground again last week, as it has in four of the last five weeks. The count went from 621 active rigs two weeks ago to 619 last week. The Marcellus/Utica count was steady at 40 active rigs; however, the mix changed. Pennsylvania kept 19 active rigs as in previous…
Read More...Even though separately (and together) Chesapeake Energy and Southwestern Energy own MORE assets in the Marcellus/Utica than in the Haynesville shale play, the main driver to do a merger between the two companies is the Haynesville and that play’s close proximity to LNG export facilities along the Gulf Coast. That is the conclusion of most…
Read More...Somewhat lost in yesterday’s big news of the Chesapeake/Southwestern merger (which sucked up most of the news oxygen) was an announcement by EQT Corporation, the current largest natural gas producer in the U.S. EQT unveiled a new 15-year deal with Glenfarne Energy’s Texas LNG export facility to liquefy 0.5 million tons per annum (MTPA) for…
Read More...Hyperion Midstream LLC, a subsidiary of Olympus Energy, is seeking a special exception to a Penn Township (Westmoreland County) zoning ordinance so it can build a six-generator compressor station along Wilderness Road over the next four years. Last night, Hyperion representatives and witnesses testified at a township zoning hearing in favor of the plan. Those…
Read More...On Wednesday, PJM Interconnection, the largest U.S. power grid operator, asked (more like begged) Talen Energy to delay retiring several fossil fuel-powered plants in Maryland by three years. Why? PJM is afraid of blackouts due to unreliable “renewables” like wind and solar. Talen notified PJM last October that it intends to retire three oil-burning units…
Read More...At the end of October, MDN told you about a company called Southern Tier CO2 to Clean Energy Solutions, based in Binghamton, NY, sending fliers to landowners in Broome, Tioga, and Chemung counties (along the border with Pennsylvania, where there is no doubt large amounts of Marcellus and Utica gas beneath the ground) inviting landowners…
Read More...The U.S. Energy Information Administration (EIA) published a post yesterday on the agency’s newly revamped Today in Energy website to announce it expects the Henry Hub natural gas spot price to average under $3.00/MMBtu in 2024 and 2025. What joyous news (not). The post explains the reasoning and thinking of EIA analysts and why they…
Read More...This morning, Chesapeake Energy Corporation and Southwestern Energy Company announced that the two companies agreed to merge in an all-stock transaction valued at $7.4 billion, or $6.69 per share, based on Chesapeake’s closing price on January 10, 2024. Under the terms of the agreement, Southwestern shareholders will receive 0.0867 shares of Chesapeake common stock for…
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