EIA May ’19 Drilling Report: Shale Gas Production Passes 80 Bcf/d
In the coming month, the U.S.’s seven major shale plays will produce a cumulative 80.7 billion cubic feet (Bcf) of natural gas, the first time shale production has passed that milestone. Yesterday our favorite government agency, the U.S. Energy Information Administration, issued our favorite monthly report, the Drilling Productivity Report. The DPR is a forecast of oil and gas production in the country’s major shale plays for the coming month, made by the expert number crunchers at EIA. The Marcellus/Utica is forecast to increase production an amazing 1/3 Bcf in the next 30 days, for a second month in a row.
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The former Blue Ridge Mountain Resources (formerly Magnum Hunter Resources) and Eclipse Resources tied the knot and merged at the end of February, promptly renaming itself Montage Resources (see
Guess we should have seen this one coming. Last week MDN told you that U.S. Circuit Court of Appeals for the District of Columbia rejected an appeal by the rich snobs from Cooperstown that call themselves Otsego 2000, challenging the Federal Energy Regulatory Commission’s (FERC) approval of Dominion Energy’s New Market Project to build two new compressor stations in Upstate NY (see
You know who anti-vaxxers are, right? The parents who won’t give their children vaccines because they fear the vaccines may give their kids autism or allergies. Because of this anti-vaxxer movement, there’s been a recent resurgence in measles–particularly in New York City. A group calling themselves Physicians for Social Responsibility is trotting out scare tactics to oppose a pipeline compressor station in Weymouth, Massachusetts. One writer calls them the anti-vaxxers of energy. We love it!
The so-called trade war with China has just been ratcheted up a notch–by China. In a move to cut off their own nose to spite their face, the Chinese have hiked tariffs on LNG imports coming into their country from the United States–from a 10% tax to a 25% tax. Given only two LNG cargoes from the U.S. have landed in China this year, we suspect there won’t be any more LNG shipments from us to them for the foreseeable future. Depending on who you talk to, this is either no big deal, or a complete economic disaster for our shale gas industry.
Several so-called environmental groups, including one calling itself the Sane Energy Project, converged on Albany, NY yesterday to protest two new natural gas pipeline projects. How many committed, dedicated, climate warriors showed up from these “several” groups? Thousands? Hundreds? How about two dozen. Nobody would have noticed the protest except sycophantic media outlets arrived to plaster the event all over the airwaves (and newsprint). Rather disheartening is that an 11-year-old boy who’s been brainwashed was among the protesters. Of course the media loved it.
OTHER U.S. REGIONS: Natural gas facility restrictions, renovation projects top Longmeadow Town Meeting warrant; Gulf Coast Express set to reshuffle some Permian gas outflows; NATIONAL: Greenhouse deception (video); The new green serfdom; INTERNATIONAL: Fabian Cancellara says criticism of Ineos cycling sponsorship ‘not fair’; Shale industry to be profitable in 2019 – IEA.