Gas Trader Predicts NatGas $2.50 in 2024, $3.00+ in 2025 & Beyond

Yes, we’ve been keeping an eye on the (pathetic) price of natural gas as it flounders and flops. The NYMEX Henry Hub front-month contract briefly went above $3/MMBtu earlier this year, but since that time, it’s had a hard time staying above $2. It’s depressing. From time to time, we bring you predictions from various…

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Politically Correct BP Says World Taking Too Long to “Transition”

No, we’re not talking about transitioning from male to female and female to male, a mental disorder that’s celebrated in popular culture these days. We’re talking about the “other” transitioning — from using fossil fuels to…using nothing, because without fossil fuels, you get nothing when it comes to energy. The left pretends solar and wind…

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Occidental Fleeces Microsoft into Buying Carbon Indulgences

Maybe the oil and gas industry will get the last laugh after all. We’ve written many posts comparing carbon offsets/credits to the practice of the Catholic Church selling indulgences in the Middle Ages to absolve you of your sins (see our stories here). But that doesn’t really work. Your sins don’t magically go away if…

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Owner of 3 Athens, OH Injection Wells Applies to Permanently Plug

In April, the Ohio Oil and Gas Commission upheld a regulatory order from the Ohio Dept. of Natural Resources (ODNR) suspending operations of three wastewater injection wells located in Torch (Athens County), OH, owned by K&H Partners, a subsidiary of Tallgrass Energy (see Ohio O&G Commission Votes to Shut Down 3 Athens Injection Wells). The…

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Marcellus Shale Testing Lab in PA Sells Itself to Minneapolis Co.

Incorporated in 1988, Environmental Service Laboratories, Inc. (ESL) is an environmental testing laboratory based in Indiana, PA, providing various analytical testing, consulting, and field sampling services. ESL customers include Marcellus/Utica natural gas drilling companies, industrial facilities, municipalities, engineering firms, local/state/federal government, and the general public. ESL is accredited to test drinking water, wastewater, soil, solid…

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Diversified Buys More East Texas Assets from Crescent Pass Energy

Diversified Energy (formerly Diversified Gas & Oil), with major assets in the Marcellus/Utica region (with assets in other regions, too), owns approximately 8 million acres of leases with 67,000 (mostly) conventional oil and gas wells. The company’s business model is to buy lower-producing wells on the cheap and find ways to make them more productive….

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July STEO Predicts U.S. Natgas Output Declines, Demand Rises 2024

Once a month, the 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. Starting last month, the EIA axed its monthly Drilling Productivity Report that focused on shale plays and instead rolled it into the…

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Bipartisan Bill Would Study Carbon Emissions from China Products

Conservative Republicans in the U.S. Senate and House are pushing a so-called bipartisan bill to “study” the carbon emissions of products produced in the U.S. versus emissions for products manufactured in other countries, like China. We think this may be a slippery slope. We first wrote about this issue in March 2023 when the Senate…

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Antis Try to Smear MVP with Misleading “Second Water Rupture” Story

We previously reported that a section of the 303-mile Mountain Valley Pipeline (MVP) in Roanoke County, Virginia, ruptured during a water test in early May (see Section of MVP Ruptures Near Roanoke Under Water Pressure Test). Pressure testing is done using water before a new natgas pipeline is brought online. Water is pumped through the…

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PA DEP to Host Virtual Hearing for Lycoming County Gathering Pipe

Last week, MDN told you that two Big Green groups in Pennsylvania, Trout Unlimited and the Mid State Trail Association, are attempting to block a project by Pennsylvania General Energy (PGE) to install a tiny 3.7-mile gathering pipeline to connect several PGE wells to the Transco pipeline system, along with two 8-inch water pipelines of…

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Republicans Say PA Gov. Shapiro’s Proposed Carbon Tax is Dead

In March, Pennsylvania Gov. Josh Shapiro traveled to Scranton, PA, to announce a proposal to “immediately pull Pennsylvania out of a multi-state carbon cap-and-trade program” (the so-called Regional Greenhouse Gas Initiative, or RGGI) and instead enroll PA in its very own RGGI-like carbon tax program (see PA Gov. Shapiro Proposes Own Version of Marcellus-Killing Carbon…

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EQT 2023 ESG Report Titled “Unlimited Potential” Touts NatGas

EQT Corporation continues to be the #1 highest-producing natural gas driller in the U.S. — at least for now, until Chesapeake Energy merges with Southwestern Energy to eclipse EQT as the #1 driller. But for now, it’s EQT. Yesterday, EQT released its 2023 Environmental, Social, and Governance (ESG) report, titled “Unlimited Potential.” Among the noteworthy…

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Only 2 Mass. GOP Senators Voted Against Bill that Destroys NatGas

Yesterday, the Massachusetts State Senate voted to have the state jump into the energy abyss. They voted in favor of blackouts and brownouts by banning the use of natural gas — coming in the next five years. It boggles the mind. Their vote (if confirmed by the House, which is a given) will destroy thousands…

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M-U Drillers Excited About Growing Demand from Nearby Data Centers

Just last week, MDN brought you the news about a new report from Aurora Energy Research that predicts new electricity demand from data centers in northern Virginia could (likely will) hit 15 gigawatts (GW) by 2030 (see Report Says Va. Data Center Growth Needs 15 GW of Gas-Fired Power). According to Aurora, wind and solar…

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Radical Left Signals New Focus to Block MVP Southgate Project

They lost, and we won for the 303-mile Mountain Valley Pipeline (MVP) project. “They” means the radical environmental left (nutters who irrationally hate all fossil energy, including natural gas), and “us” means those who support the common sense use of fossil energy and projects like MVP. According to the left, the next battleground is to…

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