In a court case that stretches back to 2019, Antero Resources, the biggest driller in West Virginia, challenged how its wells had been valued for tax purposes in Doddridge and Richie counties for 2016 and 2017. Antero said the combined value of its wells for those years should have been $1.488 billion. The state tax…
Read More...The U.S. rig count changed course again last week, dropping rigs after adding rigs (albeit anemically) for the prior three weeks in a row. The national rig count lost seven rigs last week — dropping to 618 active rigs — not only the lowest rig total this year but the lowest count since February 2022….
Read More...Of the dozens of projects spread across the seven regional hydrogen hub projects selected by the Bidenistas to receive $7 billion in taxpayer largesse, there is only one project (part of the Appalachian Regional Clean Hydrogen Hub (ARCH2) project) that actually brings hydrogen into people’s homes. That project is, according to Hope Gas CEO Morgan…
Read More...Equitrans Midstream issued its third quarter update yesterday. As you might expect, there was much talk about completing the nearly-done Mountain Valley Pipeline (MVP) project. Near the top of Equitrans’ 3Q official update is this comment from CEO Thomas Karam: “Once in-service, there is little doubt MVP will be one of the most valuable pipelines…
Read More...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 electrochemical process that…
Read More...Last week, MDN brought you a list of the 15 proposed projects that are part of the West Virginia-led Appalachian Regional Clean Hydrogen Hub (ARCH2) initiative (see Full List of ARCH2 Hydrogen Hub Projects by Name, State, and Type). We brought you a PowerPoint slide deck from Shawn Bennett, the Division Manager for Energy and…
Read More...We finally have a list of the 15 proposed projects that are part of the the West Virginia-led Appalachian Regional Clean Hydrogen Hub (ARCH2) project. Earlier this week, officials with the Dept. of Energy Office of Clean Energy Demonstrations (OCED) and Battelle, the technology lab headquartered in Columbus Ohio that is quarterbacking the ARCH2 project,…
Read More...Yesterday, officials with the Dept. of Energy Office of Clean Energy Demonstrations (OCED) and those involved with the West Virginia-led Appalachian Regional Clean Hydrogen Hub (ARCH2) project held a virtual meeting discussing where the ARCH2 project stands and the long-term effects of the project in the communities near where the nodes of the hub will…
Read More...New York State has made no bones about the fact that it HATES fossil energy — particularly natural gas. The state has banned fracking, permanently (for all time), preventing abundant supplies of natgas from being extracted within the state, dooming counties in Upstate to economic poverty. The state has blocked multiple gas pipelines from Pennsylvania…
Read More...As predicted by Reuters, on Friday, the Bidenistas announced the Hydrogen Hub Hunger Games winners. There were seven projects selected from 33 finalists. Among them was the West Virginia-led Appalachian Regional Clean Hydrogen Hub (ARCH2), which is a project that will use Marcellus/Utica natural gas as the feedstock to produce “blue” hydrogen, which is hydrogen…
Read More...The U.S. rig count actually rose last week, adding a piddly four rigs to 622 active rigs (regaining the four it lost the week before). We remain near the lowest point since February 2022. The count in the Marcellus/Utica, after falling by one three weeks ago and holding steady two weeks ago, gained one rig…
Read More...We have some exciting news to share! Yesterday, we told you that super secret sources whispering to Reuters say the Bidenistas will announce, on Friday, the winners of $7 billion in grant money to construct hydrogen hubs around the country (see Bidenistas to Announce Hydrogen Hub Hunger Games Winners on Friday). The same super secret…
Read More...Nearly one year after EQT announced a deal to buy privately-owned Tug Hill Operating’s West Virginia shale assets for roughly $5.2 billion (see Confirmed: EQT Buys Tug Hill’s THQ Appalachia for $5.2 Billion), the deal was finally completed in August (see EQT Finally Completes Acquisition of Tug Hill and XcL Midstream). Both EQT and Tug…
Read More...The U.S. rig count dropped again last week, for the third week in a row. The count shed another four active rigs, now down to 619 — the lowest point since February 2022. The count in the Marcellus/Utica, after falling by one two weeks ago, held steady last week at 38, which is the lowest…
Read More...The left thought it had won the Mountain Valley Pipeline (MVP) battle with three colluding (corrupt) and sympathetic judges from the U.S. Court of Appeals for the Fourth Circuit (4th Circuit). But then Congress, under the leadership of House Speaker Kevin McCarthy, passed the “debt ceiling” bill that forces the completion of MVP (see Equitrans…
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