Daily Archives: May 19, 2017

Pennsylvanians Benefit from Record Natural Gas Production

Pennsylvania held its spot as the nation’s second largest natural gas producing state, with a record 5.1 Tcf of clean-burning natural gas produced in the Commonwealth last year, according to the state Department of Environmental Protection’s 2016 Annual Oil & Gas Report. The agency’s report issued this week also shows that as production continues to…

Noble/CONSOL Breakup Continues: Noble Sells 50% of CONE Midstream

Noble Energy dropped a bombshell that it has sold its 100% interest in 385,000 Marcellus/Utica acres and wells producing 415 million cubic feet equivalent of natural gas in West Virginia and Pennsylvania for $1.225 billion to “an undisclosed buyer” (see Noble Energy Sells Remaining M-U Assets for $1.2B – Who Bought?). MDN exclusively shared the…

Another 7 Easements Signed for Shell’s Falcon Ethane Pipeline

Last year MDN shared details about Shell’s Falcon Ethane Pipeline system–a pipeline with two “legs” that will feed Shell’s mighty ethane cracker plant in Beaver County, PA (see Shell Working on 94-Mile Ethane Pipeline to Feed PA Cracker). Before the pipeline system had a name (Falcon), Shell had begun the process of signing up landowners…

Platts: M-U Drillers Need to Double Rigs to Fill Pipelines in ’17

Platts senior energy analyst Luke Jackson yesterday posted a Platts Snapshot titled, “New Northeast US Gas Pipelines Will be Hard to Fill.” Provocative title. It’s a video. Below is a transcript of the video. In it, Jackson says according to their analysis that drillers in southwestern PA and eastern OH and the northern panhandle of…

Frack Crew Shortage Hits Nationwide, Including the Marcellus

Once upon a time (in 2013), the oil and gas industry was expanding so rapidly that in places like North Dakota workers at the local McDonalds were getting a singing bonus and making $20/hour. No lie. Workers on drilling rigs and frack crews were paid a premium to keep working. But we became victims of…

Study: Appalachia New Gulf Coast for Petchem, WITH Storage Hub

An economic report released yesterday by the American Chemistry Council (ACC) shows that the Appalachian region could become a second center of U.S. petrochemical and plastic resin manufacturing, similar to the Gulf Coast. ACC President and CEO Cal Dooley presented the findings at a Capitol Hill press event with lawmakers including Senator Shelley Moore Capito…

Mon Valley in Catbird Seat, Close to Both Shell & PTT Crackers

As we have endless covered, Shell is in the midst of building a $6 billion ethane cracker plant in Beaver County, PA (see Breaking: Shell Pulls the Trigger, PA Ethane Cracker is a Go!). Cracker plants chemically “crack” ethane to produce ethylene–the raw material used to make plastics, anti-freeze and more. As we point out…

Cuomo Tries to Finish Killing NY NatGas with New Methane Rules

It’s so enormously frustrating to live in The Empire State–New York. Which is where MDN is produced. Our illustrious governor, Andrew Cuomo, has drunken deeply from the man-made global warming Kool Aid fountain. Cuomo, a radically left Democrat, may or may not actually believe in man-made global warming. Makes no difference. He, like other lib…

Getting to Know Rob Powelson, Our Next/New FERC Commissioner

As MDN alerted you on May 10, President Trump has nominated two highly qualified individuals to serve on the Federal Energy Regulatory Commission–Neil Chatterjee and Rob Powelson (see Trump Nominates 2 New FERC Commissioners – Powelson & Chatterjee). Rob is a member of the Pennsylvania Public Utilities Commission (PUC), and currently the president of the…

Cherif Souki’s Tellurian LNG IPO Flames Out, Withdrawn Day Later

As we pointed out last December, evil corporate raider Carl Icahn (invests in companies so he can fire a bunch of people, boost the stock and pocket the profit) had fired Cheniere Energy CEO Charif Souki (see Evil Corporate Raider Carl Icahn Claims Another CEO Scalp). Souki didn’t let it slow him down. He started…

Heinz Endowments Attack on Shale Rebuffed by Court

Tom Shepstone Shepstone Management Company, Inc.     The Heinz Endowments has led the attack of the gentry class on economic opportunity in Pennsylvania but was rebuffed by a recent Commonwealth Court decision. Good news! The Pennsylvania Commonwealth Court slapped down the Heinz Endowments in a decision released yesterday. No, the Heinz Endowments isn’t mentioned…

© 2014 RenewaNews