WV House Advances 2 O&G Bills: Orphan Wells & Faster Permits
The annual 60-day legislative session in WV is now under way, beginning Jan. 8. The first bill of consequence introduced that would impact/help the oil and gas industry was House Bill (HB) 4001, designed to kick start a regional NGL hub and reassure China it’s OK to invest some of those promised $84 billion in the Mountain State (see WV Bill Would Establish Fund to Kick-start NGL Hub, Reassure China). Two more bills have now been introduced and appear to be on a fast track to adoption: HB 4090 (orphan wells) and HB 4091 (faster permits).
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Yes, 2019 was a tough year here in the Marcellus/Utica shale due to low natural gas prices drillers received for their gas. The U.S. Energy Information Administration says the average spot price for natural gas at the benchmark Henry Hub was $2.57 per million BTUs (MMBtu) in 2019. But the news gets worse. EIA says that in 2020, because of increasing natgas production without a corresponding increase in demand, they predict this year’s average HH price will sink to $2.33/MMBtu. That’s 9% lower this year than last.
Last August MDN told you about a project in Keene, NH to convert an existing (antiquated) propane delivery system for the 1,200 customers in Keene over to cheaper, more abundant natural gas (see 
Yesterday MDN told you that 16 highly partisan, far-left Democrat attorneys general had filed comments opposing President Trump’s plan to allow LNG (liquefied natural gas) to be transported by special rail cars (see 
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