Hope Gas, a Local Distribution Company (LDC), otherwise known as a utility company, provides gas service to approximately 112,000 residential, industrial, and commercial customers in thirty-five West Virginia counties. In January, Hope announced it was buying the West Virginia division of Peoples Gas, currently owned by Essential Utilities, for an undisclosed amount (see Hope Gas…
Read More...Waco Oil & Gas Co., Inc., headquartered in Glenville (Gilmer County), WV, signed a proposed consent decree (settlement agreement) with the West Virginia Dept. of Environmental Protection and the federal Environmental Protection Agency (EPA) to settle an “alleged” charge of violating the federal Clean Water Act and West Virginia state law for “unauthorized discharges of…
Read More...In the fall of 2021, President Biden signed into law the so-called Infrastructure bill, some $1.2 trillion in pork barrel spending, passed with the help of turncoat Republicans (see Biden So-Called $1.2T Infrastructure Bill Passes Thanks to RINOs). Only about 9% of the $1.2 trillion will go to actual infrastructure projects like roads and bridges….
Read More...Two weeks ago, the U.S. rig count erased a couple of weeks of anemic gains by dropping 11 rigs from the total, sinking to 630 active rigs, the lowest count since February of 2022 (see Dead Cat Bounce? U.S. Rig Count Cut 11 @ 630, M-U Stays Even @ 39). The active count in the…
Read More...In an administration full of destructive regulatory actions and legislation targeting fossil energy for extinction, the so-called Inflation Reduction Act (IRA) stands out as one of the worst. The IRA was made possible by a traitorous vote by West Virginia Democrat U.S. Senator Joe Manchin (see Tragedy: Joe Manchin Caves & Agrees to Big Green…
Read More...Michael Bloomberg, the eleventh richest person in the world (with an ego to match his enormous wealth), has already spent $500 million of his personal fortune to shut down coal plants operating in the U.S. (but not anywhere else, like China). Yesterday, Bloomberg pledged to spend another $500 million to finish the job. He also…
Read More...Have we finally turned a corner? Hit rock bottom and have begun a rebound? We are referring to the Baker Hughes U.S. rig count. Last Monday, we reported the weekly rig count had finally gained a rig–the first time since June (see U.S. Rig Count Adds One Rig, M-U Drops Another Rig). However, the Marcellus/Utica…
Read More...For the first time since June, the national active U.S. rig count added rigs–a single rig–last week. The new active U.S. rig count is 632, up from 631 the previous week. Unfortunately, the Marcellus/Utica lost yet another rig, sinking to 39 active rigs. Once again, West Virginia was the unlucky state that lost a rig,…
Read More...The swamp gets swampier. U.S. Senator Joe Manchin, from West Virginia, Chairman of the powerful Senate Energy and Natural Resources Committee, is rumored to be pushing a staff member to fill the open Federal Energy Regulatory Commission (FERC) Commissioner slot. There is an open seat for a Democrat after Manchin blocked Richard “Dick” Glick from…
Read More...Quick! Apply pressure to the wound before the patient (in this case, the Marcellus/Utica) bleeds out. Another week, another lost rig in the Marcellus. We can’t seem to stem the flow of rigs leaving. The national rig count also lost one rig overall. For the eighth week in a row and the 17th of the…
Read More...Antero Resources and Antero Midstream have donated a massive $4 million to West Virginia University’s Benjamin M. Statler College of Engineering and Mineral Resources to help train the next generation of petroleum and natural gas engineers. Antero’s gift is the largest philanthropic donation to the school to date. It will support undergraduate and graduate students…
Read More...Last week, MDN brought you information about what happens next when (not if) the mighty 303-mile Mountain Valley Pipeline gets completed (see MVP Prompts New Pipe Expansions for Hungry Downstream Customers). MVP is built to flow 2 Bcf/d (billion cubic feet per day) of Marcellus/Utica gas southward. The problem is there isn’t (yet) enough takeaway…
Read More...Last week, MDN told you about the great news coming from the Gas and Oil Association of West Virginia, Inc. (GO-WV) and its newest annual Gas Facts report covering the impact in WV from the shale energy industry in 2022 (see WV Country’s 4th Largest NatGas Producer, Supplies 10% of U.S. Gas). West Virginia natural…
Read More...West Virginia University (WVU), the Mountain State’s public research university, is located in Morgantown, WV. Enrollment at all of WVU’s campuses at one point almost touched 30,000 students. Big university–important university. WVU has a major Petroleum and Natural Gas Engineering program as part of the school’s Benjamin M. Statler College of Engineering and Mineral Resources….
Read More...The rig count carnage continues. For the seventh week in a row and the 16th of the last 17 weeks, the U.S. active rig count lost rigs. A lot of rigs. Last week, the number decreased by 10 rigs after falling by 12 for the prior week. The total is now down to 632 active…
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