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…
Read More...East Daley Analytics, based in Colorado, is a consulting firm that specializes in identifying, understanding, and monitoring operational risk throughout the oil and gas value chain. A “Daley Note” published yesterday by the company focused on the Mountain Valley Pipeline (MVP), providing a status update and a couple of intriguing (some might say controversial) comments….
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 is finally done. EQT announced yesterday it had closed on the purchase (revised price ~$4.6 billion), adding roughly 90,000 acres…
Read More...Using data from several government agencies, the Gas and Oil Association of West Virginia, Inc. (GO-WV) published its annual Gas Facts report last week. According to the report (copy below), West Virginia natural gas production increased 6% to 2.8 trillion cubic feet (Tcf) in 2022. WV has moved up from fifth to now fourth largest…
Read More...With the 303-mile Mountain Valley Pipeline (MVP) now in construction high gear to finish the final 6% of the project, the question becomes can and how will an extra 2 Bcf/d (billion cubic feet per day) of Marcellus/Utica gas make it to the end of the pipeline, and from there, onward to other destinations in…
Read More...It’s getting even uglier out there. For the sixth week in a row and the 15th of the last 16 weeks, the U.S. active rig count lost rigs. A lot of rigs. Last week the number decreased by a whopping 12 rigs after falling by five rigs per week for the three weeks prior. The…
Read More...Yesterday we told you the liars of the left are doing their best to sew disinformation and fear about Mountain Valley Pipeline (MVP) and the installation of the remaining 6% of the pipeline that’s not already in the ground (see MVP Antis Spread Lies About Pipes Sitting in the Sun Too Long). The fearmongering has…
Read More...Looks like the three Democrat judges of the U.S. Court of Appeals for the Fourth Circuit (4th Circuit) value their own jobs more than defeating the Mountain Valley Pipeline (MVP) project. On Friday, the three-judge panel that has opposed MVP in just about every decision they’ve issued since 2018 dismissed the remaining two cases against…
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