One month ago, Pennsylvania’s rig count dropped to just 12 rigs, the lowest that state has operated in the last 17 years (see PA Drops Another Rig to 17-Year Low; National Rig Count Even @ 585). Since then, PA has re-added one rig per week for three weeks in a row, and as of last…
Read More...Environmental wackos have made building a new natural gas pipeline anywhere in the northeast (or southeast) such a heinously nasty experience with multiple and repeated regulatory challenges and a blizzard of lawsuits that nobody has ventured to propose a new “greenfield” (brand new from scratch) pipeline since Mountain Valley Pipeline, which took a decade to…
Read More...Three weeks ago, Pennsylvania’s rig count dropped to just 12 rigs, the lowest that state has operated in the last 17 years (see PA Drops Another Rig to 17-Year Low; National Rig Count Even @ 585). Two weeks ago, PA picked up a rig, returning to 13 active rigs. Last week, Baker Hughes reported PA…
Read More...In August, MDN brought you up to speed on a lawsuit filed by several West Virginia landowners (turned into a class action) against Diversified Energy and EQT over EQT’s sale of 11,350 conventional wells and 2.5 million acres of leases spread across several states, including West Virginia (see WV Landowner Lawsuit Against EQT, Diversified re…
Read More...Two weeks ago, Pennsylvania lost another rig, going from 13 rigs down to 12 rigs, the lowest that state has operated in the last 17 years (see PA Drops Another Rig to 17-Year Low; National Rig Count Even @ 585). Last week, PA picked up one rig, so the tally is back to 13. It’s…
Read More...DT Midstream (DTM), headquartered in Detroit, owns major assets in the Marcellus/Utica region and other regions like the Haynesville. DTM issued its third quarter 2024 update last week. Of high interest to us was the announcement that DTM is upsizing a previously announced project to connect its Stonewall Gathering System to Equitrans Midstream’s (now EQT)…
Read More...The realignment we spoke of several weeks ago about Pennsylvania losing rigs to its neighbors has deepened. Last week, PA lost another rig, going from 13 rigs down to 12 rigs, while Ohio picked up one rig and now has 10 active rigs. West Virginia also operated 10 rigs last week. Just two months ago…
Read More...WATT fuel cell A fuel cell manufacturer located in Westmoreland County, PA — WATT Fuel Cell — manufactures Solid Oxide Fuel Cell (“SOFC”) stacks and systems that operate on common, readily available fuels such as natural gas and propane. Instead of burning and combusting natural gas (or propane), those fuel sources are subjected to an…
Read More...Two weeks ago, Pennsylvania lost two rigs, down to just 13 active rigs, the lowest PA’s rig count has been since July 2016 (see PA Craters, Drops 2 Rigs, M-U @ 32; National Rig Count Adds 1 @ 586). That’s the lowest rig count for PA in more than eight years. Last week, PA and…
Read More...It is just coming to light for us now that back in August, Hope Gas, a large local utility company that provides gas service to more than 131,000 residential, industrial, and commercial customers in thirty-seven West Virginia counties, filed a rate case with the state Public Service Commission (PSC) looking to convert customers who use…
Read More...Once again, the bottom dropped out of the Pennsylvania Marcellus rig count. PA lost two rigs last week, down to just 13 active rigs, the lowest the PA rig count has been since July 2016. That’s the lowest rig count for PA in more than eight years, lower than the deep dark days of the…
Read More...PJM Interconnection is the largest U.S. power grid operator, serving 65 million people in 13 states plus the District of Columbia (including PA, OH, and WV). PJM supplies power to more than 20% of the U.S. economy. The organization issued its annual Winter Outlook yesterday. The analysis says PJM and its members have adequate resources…
Read More...Two weeks ago, the national rig count, which counts all oil and gas rigs, added an astonishing eight rigs to the count after languishing for months — the biggest weekly gain in a year. As we told you, the Marcellus/Utica rig count from two weeks ago remained at 33, but that wasn’t the whole story (see…
Read More...WhiteHawk Energy, headquartered in Philadelphia and owning mineral and royalty interests for over 1 million gross unit acres with over 3,400 producing horizontal shale wells between the Marcellus and the Haynesville, announced yesterday the acquisition of additional Marcellus Shale natural gas mineral and royalty assets for an undisclosed amount. The deal added 435,000 gross unit…
Read More...Yesterday, Appalachian Regional Clean Hydrogen Hub (ARCH2) leadership team members presented an update on the ARCH2 initiative and its current status. Among the big news from the event was that ARCH2 is looking “for up to three” new projects that would be built in southwestern Pennsylvania, West Virginia, or eastern Ohio as part of the…
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