The venerable Baker Hughes U.S. rig count turned in its totals a day early this week. Likely because workers were heading for the exits early (we can’t blame them). The overall rig count lost ground again last week, as it has for the past couple of weeks. The count went from 623 active rigs last…
Read More...Ohio House Bill (HB) 201 was recently passed by both the state House and Senate and now sits on the desk of Gov. Mike DeWine (a somewhat swampy Republican, although far superior to governors like Kathy Hochul and Josh Shapiro). HB 201 started life as a bill to block the Buckeye State from following California’s…
Read More...It is that time of year when various analysts, agencies, organizations, and everyone else offer their predictions for 2024. When it comes to what will happen with the price of natural gas, we like to select various predictions that we think are interesting and offer a view we find compelling. We spotted such a prediction…
Read More...The 303-mile Mountain Valley Pipeline (MVP) project will be completed and go online sometime in the first quarter of 2024 (see Equitrans Admits the Obvious – MVP Won’t be Online Until 2024). In September of this year, MVP filed a request with the Federal Energy Regulatory Commission (FERC) to amend its original certificate (that established…
Read More...Back in the summer of 2020, MDN told you about a lawsuit brought by an Ohio rights owner called TERA, an organization that appears to own the royalty rights for a number of leases with wells in Belmont County, OH, drilled by different producers, suing the producers for drilling into the Point Pleasant shale layer…
Read More...In September, MDN told you about a non-profit organization called Project InnerSpace, which has been reaching out to public officials, academics, and oil and gas interests in Pennsylvania, pitching a transition from fossil fuel extraction to geothermal energy using the same workers and potentially, the same infrastructure (see Siren Song of Geothermal Calls to PA…
Read More...And then there were three…Federal Energy Regulatory Commission (FERC) Commissioners, that is. Currently, there are two Democrats and two Republican commissioners. Lately, the “Acting” Chairman of FERC, Willie Phillips (a Democrat), has voted more with the two Republicans than with Big Green sock puppet Democrat Allison Clements (a former attorney for the far-left National Resources…
Read More...Last week, Charif Souki, an Egyptian-born but naturalized U.S. citizen, was booted from the company he co-founded, Tellurian (see Tellurian Fires Charif Souki – Out as Chairman & Executive Officer). The board fired Souki but let him keep a board seat. Souki is now gone from the board, too. He worked out a deal to…
Read More...DBRS Morningstar is a leading provider of independent rating services and opinions for corporate and sovereign entities, financial institutions, and structured finance instruments globally. Rating more than 4,000 issuers and 60,000 securities, DBRS Morningstar is the fourth-largest credit rating agency in the world and a market leader in Canada, the U.S. and Europe in multiple…
Read More...In early November, CNX Resources CEO Nick DeIuliis signed a voluntary deal with Pennsylvania Gov. Josh Shapiro to expand drilling setbacks and several other regulatory steps not mandated for shale drillers under PA law (see CNX Signs Deal with PA Gov. to Increase Setbacks, Other Changes). Gov. Shapiro’s office yesterday blew the trumpet to announce…
Read More...This is your friendly (somewhat snarky) semi-annual reminder from MDN that the PTT ethane cracker project in Ohio is dead (see Facing Reality – PTT Ohio Cracker Plant Project is Dead). We periodically look for signs of life in the project, and it has been a flat line for YEARS. Nothing. Local and state leaders…
Read More...Bureaucratic incompetence? Or yet another attack by the Bidenistas against the American fossil energy industry? It’s hard to say. We’re speaking of a new policy decision by the Biden Customs and Border Patrol (CBP) agency that prohibits LNG tankers from partially filling up at one U.S. export plant and moving up the coast to finish…
Read More...It seems like everybody and his brother (and sister) are making predictions about where the price of natural gas will go in 2024. We’ve covered predictions from a number of sources, including the venerable U.S. Energy Information Administration (EIA). But what do the people who actually trade in natural gas say? What’s their take on…
Read More...How many times has MDN told you that the International Energy Agency (IEA) (and its executive director, Fatih Birol) is an anti-fossil fuel front organization for Big Green? Countless! The IEA and its so-called predictions of “peak oil” and “peak gas” (in either demand or supply) are nothing more than environmental propaganda. Why anyone believes…
Read More...BlackRock is the largest investment firm in the world, with around $9 trillion of investments under management. Larry Fink, the CEO of BlackRock, has pushed the so-called ESG (environment, social, governance) agenda for years. What the left and people like Fink mean by ESG is don’t invest in or use fossil fuel energy (E), everything…
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