Two years ago, Chesapeake Energy announced that it would seek responsible gas certification from two organizations–Equitable Origin (EO) and MiQ–to certify the production of its natural gas produced in both its Marcellus and Haynesville operations (see Chesapeake Goes Whole Hog on ESG, Certifying Gas Across 2 Basins). Yesterday Chessy announced it had received recertification from…
Read More...Even with much of the nation in an extreme heat event making record demands on gas-fired power plants, demand for natural gas appears to be nominal at best, and consequently, the price of natural gas, at least the Henry Hub NYMEX futures price, remains mired in the mid-$2 range. The NYMEX price was down again…
Read More...One of the factors in the price of natural gas is supply. Gas is about as pure a commodity market as you will find worldwide. Higher demand with the same or less supply will drive prices higher. And the reverse is true. Higher supplies with the same or less demand lead to lower prices. Last…
Read More...Mountain Valley Pipeline (MVP), in a move largely anticipated and expected, filed an “emergency application” on Friday with the U.S. Supreme Court, requesting the court block the recent “stay” on two key permits needed to complete the 94% completed MVP project recently imposed by the U.S. Court of Appeals for the Fourth Circuit (see All…
Read More...Last September, MDN told you about a new 53-mile pipeline project in Western Kentucky–a 16-inch natural gas pipeline to feed natgas to the southern Pennyrile Region (see Kentucky Spending $30M on New NatGas Pipe to Expand Biz Growth). The $115 million project is partly being underwritten by a $30 million grant from the State of…
Read More...In early June, shale drillers could, for the first time, begin to apply for permits to drill under (not on top of) Ohio state lands and state parks under newly formulated rules established by the Ohio Oil & Gas Land Management (OGLM) Commission (see Ohio State Lands Now Open for O&G Leasing – Virtual Ribbon-Cutting)….
Read More...The yo-yo behavior of the national rig count continues. Two weeks ago, the U.S. rig count broke a nine-week-straight decline by adding six rigs (see U.S. Rig Count Goes Up First Time in 10 Weeks – M-U Stays Even). The trend had been pretty dismal for the past several months. Then that ray of sunshine….
Read More...Last week we told you that the shale production situation in Pennsylvania has caught the eye of the number crunchers at the U.S. Energy Information Administration (see EIA Observes M-U Gas Production Flat, Key PA Counties in Decline). Production in PA, overall, is flat and possibly decreasing. Nationally, production is up in other plays and…
Read More...U.S. Senator Shelley Moore Capito, from West Virginia, spoke with reporters yesterday. She spared no words in describing her disgust with the three-judge panel from the U.S. Court of Appeals for the Fourth Circuit and their latest illegal maneuver to block the Mountain Valley Pipeline (MVP) project. She said she is “seriously, totally astounded” by…
Read More...In 2021 as he was running for the office of Governor in Virginia, Glenn Youngkin pledged if he won, he would remove the state from the onerous carbon tax on coal- and gas-fired power plants called the Regional Greenhouse Gas Initiative (RGGI). Following his recent review of a new regulation to remove the state from…
Read More...A fuel cell manufacturer located in Westmoreland County, PA–WATT Fuel Cell–disclosed in 2022 that its biggest investor is EQT Corporation (see EQT Invests in Fuel Cell Co. – Foresees Future Market for NatGas). WATT Fuel Cell manufactures Solid Oxide Fuel Cell (“SOFC”) stacks and systems that operate on common, readily available fuels such as natural…
Read More...Exxon Mobil Corporation announced it is buying Denbury Inc., a developer of carbon capture, utilization, and storage solutions and enhanced oil recovery, for $4.9 billion in an all-stock transaction. Denbury currently focuses on the Gulf Coast and Rocky Mountain region. Presumably, Exxon plans to expand Denbury’s technology to other regions, including the Marcellus/Utica. Please Login…
Read More...Hydrogen energy is closely tied to natural gas. Currently, 95% of all hydrogen produced in the world is produced by cracking methane (natural gas). The so-called regional hydrogen hubs being dangled by the Bidenistas (up to $1 billion of government financing for 6-10 projects) can potentially launch expanded demand for natural gas in the Marcellus/Utica…
Read More...This one has us laughing our considerably fat rear-ends off. The left long ago corrupted science, turning it from the pursuit of objective facts into forced obedience to political opinions (i.e., global warming is caused by fossil fuels). The left issues mountains of data–graphs, tables, pictures–that supposedly prove they are correct with their opinions and…
Read More...Yesterday MDN brought you the news that a third-party contractor “struck a well head” on a Hilcorp shale well pad in Columbiana County, Ohio, resulting in a leak that forced the evacuation of 450 people within a mile of the well site (see Columbiana County, OH Evacuates 450 After Hilcorp Gas Well Accident). Good news….
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