NG Industry News: Some very positive stuff.
1. < CNX Extends E-Fracking Contract with Evolution Another 32 Months
August 26, 2025
In 2018, CNX Resources announced it had signed a long-term contract with Evolution Well Services to use Evolution’s 100% natural gas-fueled electric pressure pumping equipment (see CNX Signs Deal with Evolution to Use 100% Electric Fracking Fleet). That is, CNX would use electric fracking equipment, with the electricity generated by burning natural gas, instead of diesel. In May 2019, the e-fracking fleet for CNX spun up and began operating in Greene County, PA (see CNX Operates SWPA’s Sole 100% All-Electric Fracking Unit). In 2022, CNX announced it had signed a four-year extension with Evolution to keep on e-fracking (see CNX Extends E-Fracking Contract with Evolution Another 4 Years). And now, CNX and Evolution have signed another extension, adding another 32 months to the deal, meaning the two will have worked together for a full decade.>
marcellusdrilling.com
2.<EIA Predicts Record High U.S. Natural Gas Consumption in 2025
August 26, 2025
The U.S. Energy Information Administration (EIA) published a blog post yesterday to proclaim that it expects record-high natural gas consumption this year, 2025. The EIA forecasts natural gas consumption in the U.S. will increase 1% to set a record of 91.4 billion cubic feet per day (Bcf/d) in 2025. In the agency's latest Short-Term Energy Outlook (STEO), EIA predicts natural gas consumption to increase across all sectors *except* for electric power, which had been the source of most natural gas consumption growth in the previous decade.>
marcellusdrilling.com
3. <WV Oil & Gas Production Up, $$ from Severance, Property Tax Up Too
August 26, 2025
West Virginia’s oil, gas, and coal industries are experiencing a resurgence, fueled by supportive state and federal policies. Gas & Oil Association of West Virginia (GO-WV) President Charlie Burd reports that Fiscal Year FY25 severance tax collections rose to $318 million, alongside record natural gas production, 90% of which is exported out of the state. Property taxes levied on oil and gas in the state were $428 million for FY24 (the 2025 numbers are not out yet). Burd said the O&G industry continues to directly employ around 15,000 people.>
https://marcellusdrilling.com/2025/08/wv-oil-gas-production-up-from-severance-property-tax-up-too/ |
