Hope Gas provides natural gas service to approximately 131,000 residential, industrial, and commercial customers in thirty-five West Virginia counties. In October, Hope closed on acquiring the West Virginia division of Peoples Gas for an undisclosed amount, giving the company another 13,000 customers (see Hope Gas Closes Acquisition of Peoples Gas WV – Adds 13K Customers)….
Read More...Earlier this week, MDN told you about proposed new IRS rules coming from the White House (the 45V tax credit) that will favor solar and wind use in generating so-called green hydrogen, and disfavor (make more expensive) hydrogen produced using natural gas (see Biden’s Proposed IRA 45V Tax Credit “Kneecaps” ARCH2 Hydrogen Hub). Yes, the…
Read More...Riddle us this: In 2023, the rig count for all oil and gas rigs was 20% fewer active rigs than in 2022 (see Baker Hughes U.S. Rig Count Finishes Year @ 622, M-U @ 40). Yet, oil and natural gas production in 2023 hit new all-time highs! How does that happen? Isn’t that a paradox?…
Read More...A new article by Gordon Tomb — a senior fellow with the Commonwealth Foundation, a Pennsylvania-based, free-market think tank, and senior advisor with the CO2 Coalition, Arlington, Virginia — has the intriguing title: “Are ‘green’ agendas carrying governors to political cliffs?” While the article focuses on recent actions by PA Gov. Josh Shapiro and Wyoming…
Read More...In October 2020, a law firm filed a lawsuit on behalf of several Cabot Oil & Gas shareholders against Cabot (now Coterra Energy), claiming the company “had inadequate environmental controls and procedures and/or failed to properly mitigate known issues related to those controls and procedures,” and that the company “failed to fix faulty gas wells…
Read More...The U.S. Energy Information Administration (EIA) is out with official numbers for 2023 concerning the price of natural gas traded at the benchmark Henry Hub in southern Louisiana. The Henry Hub natural gas price averaged $2.57 per million British thermal units (MMBtu) in 2023, about a 62% drop from the 2022 average annual price. Bear…
Read More...Welcome to Paradise, where natural gas is the fuel of choice to generate electricity! In 2017, the Tennessee Valley Authority (TVA) held a dedication ceremony for the Paradise Combined Cycle Gas Plant in Drakesboro, Kentucky (see Paradise Comes to Kentucky: TVA NatGas Elec Plant Fires Up). The Paradise plant is a natural gas-fired plant that…
Read More...In September 2022, MDN told you about a relatively modest-sized gas-fired power plant planned for Superior, Wisconsin, called the Nemadji Trail Energy Center (see Midwest Elec Grid Roasted for Supporting New Gas-Fired Power Plant). As we pointed out in that post, the Midcontinent Independent System Operator (MISO) supports the project, which earned it scorn from…
Read More...Wow! That was fast! On Dec. 27, pipeline giant Williams issued a press release to announce a deal to buy six underground natural gas storage facilities located in Louisiana and Mississippi with a total capacity of 115 billion cubic feet (Bcf), as well as 230 miles of gas transmission pipeline and 30 pipeline interconnects, for…
Read More...Shell, one of the contracted customers to receive LNG from Venture Global’s Calcasieu Pass LNG export facility, added its voice to BP’s request with the Federal Energy Regulatory Commission (FERC) to release documents from Venture Global related to an ongoing delay in making the plant commercial. The Calcasieu Pass LNG export facility recently received FERC…
Read More...The two biggest enemies of the United States, Russia and China, are attacking our country and its fossil fuel infrastructure using proxies — nonprofit groups — funneling money to said groups that use the money to finance a blizzard of lawsuits and other activities aimed at destroying our fossil energy industry. We’re in a war,…
Read More...Big news broke yesterday about the Mountain Valley Pipeline (MVP) Southgate project. In 2018, Equitrans Midstream, the builder of the 303-mile MVP, proposed to extend the pipeline by an extra 75 miles from the current MVP terminus in Pittsylvania County, VA, to Alamance County, NC, to provide natural gas for heating and electric generation. The…
Read More...The New Year brought with it four new members of the Philadelphia City Council. All four are radical leftists who want to destroy the city-owned Philadelphia Gas Works (PGW) by forcing it to dump sales of natural gas. The inmates are running the asylum! Three of the four new members are radical left Democrats. One…
Read More...U.S. oil production increased by 21% over the past five years. According to data from the Energy Information Administration (EIA), in 2023, U.S. oil producers set a new annual all-time high production record. The increase in U.S. oil production is driven by a surge of production in a handful of states. We have a list…
Read More...Well, you knew it was just too good to be true, right? When Santa Biden promised *billions* of dollars of “government” (i.e., your) money to prime the pump on establishing regional hydrogen hubs, with at least one of those hubs using natural gas as the primary feedstock to produce the hydrogen (which happened with the…
Read More...