Pennsylvania

Pennsylvania’s natural gas production is expected to meet more than one-half of the East Coast’s consumption through 2050 and generate steady economic activity, but takeaway constraints will continue to limit growth potential, according to the Marcellus Shale Coalition (MSC). In the report, Economic and Fiscal Impact of Pennsylvania Shale Development, FTI Consulting Inc. said “given…

Equitrans Midstream Corp. said corrosion was to blame for a natural gas storage well in Southwest Pennsylvania that leaked over 1 Bcf of natural gas into the atmosphere for more than 10 days last November. Corrosion on the outside diameter of the top joint of the well and debris between its outer and inner casings…

The Biden administration is planning to invest $660 million to clean up orphaned natural gas and oil wells, with most of the funds earmarked for the energy producing states of Ohio, Pennsylvania and Texas. The goal is for the states to receive “economic growth and revitalization,” Department of Interior (DOI) officials said. The program would…

A federal court has vacated a 2021 settlement that awarded more than $9 million to Pennsylvania landowners that alleged underpayment of royalties by Chesapeake Energy Corp.  The 2021 settlement, filed in the U.S. Bankruptcy Court for the Southern District of Texas, was reached following Chesapeake’s Chapter 11 bankruptcy reorganization. Lessors argued that the third-largest publicly…

Mountain Valley Pipeline LLC (MVP) developers expect to have the long-delayed and oft-challenged natural gas pipeline in service by the end of this year thanks to a major assist from provisions included in the bipartisan debt ceiling deal signed by President Biden. The Fiscal Responsibility Act, negotiated between the Biden administration and lawmakers, and signed…

The return of LNG volumes in Australia, as well as stable natural gas and oil trading, should boost Shell plc’s results in the first quarter, the integrated major said. Liquefied natural gas volumes are forecast to climb to 7.0-7.4 million metric tons (MT) in 1Q2023 from 6.8 MT in 4Q2022.  Shell, in a preview of…

Olympus Energy LLC, which also has a midstream arm, has become the first integrated natural gas producer to independently certify its natural gas, according to management. The Pennsylvania-based exploration and production company focuses on upstream and midstream natural gas resources in the Appalachian Basin. Subsidiary Hyperion Midstream also  gained verification for its gas emissions, both…

Pennsylvania’s natural gas production declined by 5.1% in the final quarter of 2022, the largest year/year decline since monthly production data began, according to the state’s Independent Fiscal Office (IFO). This was the fourth consecutive quarter in which production did not increase on a yearly basis, according to the IFO’s Natural Gas Production Report compiled…

FERC has issued a certificate to the Transcontinental Gas Pipe Line Co. LLC (Transco) Regional Energy Access Expansion Project (REAE), but environmental groups are planning to oppose it.  The project would expand natural gas capacity from the shale fields of Northeast Pennsylvania to other delivery points in the state, along with those in New Jersey…