Coterra Energy, formed in 2021 by the merger of Permian oil driller Cimarex Energy and Marcellus gas driller Cabot Oil & Gas, issued its second quarter 2023 update yesterday. The company made far less profit in 2Q23 than it did one year ago, in line with other big Marcellus/Utica drillers. Coterra made $209 million in…
Read More...Earlier this year, Roulette Oil & Gas LLC received approval from the federal EPA to build a shale wastewater injection well in Clara Township in Potter County, PA (see EPA Approves Potter County, PA Injection Well, Waiting Now for DEP). On March 31, the Clara Town Board passed an amended version of its 1987 ordinance…
Read More...A wealthy national anti-fossil fuel organization that recruits municipal and state plaintiffs to file lawsuits against energy companies for the effects of climate change now appears to have its sights on Pennsylvania, America’s second largest natural gas producing state. The effort to encourage local officials to sue American energy companies will surely be a tough
Read More...For the fourth week in a row and the 13th time in the last 14 weeks, the U.S. active rig count lost rigs. It’s grueling. Last week the number decreased by five rigs after falling five rigs the week before–now down to 659 active rigs across both oil and gas. The Marcellus dropped one rig…
Read More...Equitrans Midstream owns two natural gas storage wells in the Swarts Complex and Hunters Cave Storage Fields area of Greene County, PA–in Center, Franklin, Morris, and Washington Townships. CONSOL Energy, which used to be part of CNX Resources but is now a standalone company focusing on the coal industry, plans to mine coal above and…
Read More...National Fuel Gas Company (NFG), headquartered in Buffalo, NY, is the parent company for Marcellus/Utica driller Seneca Resources and the parent of midstream company Empire Pipeline. Yesterday, NFG issued its latest quarterly update. NFG operates on a weird fiscal year system. This latest update is for the company’s third quarter, which would be everybody else’s…
Read More...Adelphia Gateway is a project converting an old oil pipeline into a natural gas pipeline. The project stretches from Northampton County, PA, through Bucks, Montgomery, and Chester counties, terminating in Delaware County at Marcus Hook. The project converted 50 miles of an existing 84-mile pipeline from oil to natural gas. The northern 34 miles of…
Read More...Last November, Upper Burrell (Westmoreland County, PA) town supervisors held a hearing, and following that hearing, voted unanimously to approve a new well pad proposed by Olympus Energy (see Olympus Energy’s 4th Upper Burrell Well Pad Wins Unanimous Approval). It was the fourth such well pad approved by the town. Olympus is back and has…
Read More...New shale permits issued for Jul 24-30 in the Marcellus/Utica were down just a couple, but still a nice number. There were 29 new permits issued last week, down from the 31 issued the previous week. Last week’s permit tally included 22 new permits in Pennsylvania, 7 new permits in Ohio, and no new permits…
Read More...Natural Gas – 100 Years Ago Today, August 4, 1923 Tom Shepstone Shepstone Management Company, Inc. …. …. Natural gas news from a hundred years ago offers great perspective for discussing one of the cleanest sources of energy available then and still today. It’s fun and illuminating to look back 100 years ago at what
Read More...Newly-elected Gov. Josh Shapiro, who appears to be completely ineffective since taking office (which is not necessarily a bad thing), appointed a working group in April to help guide him on what he should do concerning the Regional Greenhouse Gas Initiative (RGGI) carbon tax and the broader issue of global warming (see PA Gov Appoints…
Read More...Control Is the Aim, EVs Are the Game of the Moment Bob Tomaine NaturalGasNOW Contributing Writer [Editor’s Note: Bob Tomaine takes a hard look at the EV game and finds a desire for control and lack of appreciation of the free market at the very heart of the matter.] From its lowliest municipal employee
Read More...In February 2022, Equitrans Midstream announced it had filed a new pipeline expansion project with the Federal Energy Regulatory Commission (see Equitrans Files New $160M Pipe Expansion Project with FERC). Called the Ohio Valley Connector Expansion Project (or OVCX), the $160 million project will add compression along Equitrans pipelines in Pennsylvania, Ohio, and West Virginia…
Read More...Environmental Justice for Whom? Pennsylvania Goes PC! Tom Shepstone Shepstone Management Company, Inc. …. [Editor’s Note: Environmental justice is a completely phony concept that does precisely nothing for the intended beneficiaries and, in fact, only makes it harder to help them.] Government is nothing if not faddish; that is to say vulnerable to those
Read More...In July, the Pennsylvania Dept. of Environmental Protection (DEP) announced that it had appointed a 17-member committee to figure out how to dole out $5 million to fund local community projects located near the Shell cracker plant in Beaver County, PA, following a $10 million fine against the plant for violating air emissions standards (see…
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