Anti-Drilling/Fossil Fuel | Crime | Industrywide Issues | Pipelines | Regulation | Statewide WV | West Virginia
WV Outlaws Anti Protesters Who Try to Block Pipeline Construction
Last week MDN told you about a flurry of oil and gas bills passed by the West Virginia legislature signed into law by Gov. Jim Justice (see Flurry of WV O&G Bills Signed into Law Incl. Petchem Tax Credits). At the time we focused on a couple of petrochemical tax credit bills, but there’s another important bill in the batch we’d like to call your attention to today: House Bill (HB) 4615, a bill (now law) that clamps down on anti-fossil fuel protesters who like to take the law into their own hands.
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Attention all small- and medium-sized businesses (those with fewer than 500 employees): Beginning tomorrow (Friday) you can sign up for the 
Is relief on the horizon for Marcellus/Utica drillers in the form of higher prices for natural gas? According to several analysts, due to several factors coming later this year and next year (a rebound in the economy, lower natgas production), we will see “significantly higher prices next year” for natgas. How much higher? “We expect an average Henry Hub price of $3.50[/MMBtu] for next year and anticipate gas reaching the $4 threshold in [the fourth quarter of 2021].” Between now and then it’s a game of Survivor…until higher prices get here.
During the week of March 24 (Tuesday) to March 30 (Monday) exports of natural gas from the Lower 48 States to other countries averaged more than 15 billion cubic feet per day (Bcf/d)–the highest weekly average for natgas exports EVER. Most of that amazing number comes from exports via LNG facilities–some 9.5 Bcf/d. The rest are exports via pipeline into Mexico–averaging 5.5 Bcf/d.
Although we have a deep respect for the work done by the American Petroleum Institute (API) in self-governance and raising standards for the entire industry, today we write to disagree with one of API’s initiatives. API along with two other big oil and gas associations–the International Petroleum Industry Environmental Conservation Association (IPIECA) and the International Association of Oil and Gas Producers (IOGP)–collaborate to produce a document called the “Sustainability Reporting Guidance for the Oil and Gas Industry.” It’s a tool to help companies shape the structure and content of their so-called sustainability reporting. In our opinion, it’s a capitulation to the notion that we must transition to an all-renewable energy future. We categorically reject that losing premise.
MARCELLUS/UTICA REGION: Cabot Oil & Gas a beneficiary of low oil prices; WVU Coliseum to receive new seats; NATIONAL: Save America’s oil and gas industry; ‘The other bomb’ — Cramer’s warning as first shale company files for Chapter 11; Murkowski wants DOE to shine spotlight on possible oil production shut-ins; Another down day for natural gas futures ahead of highly anticipated EIA report; Private equity can’t escape the pain of shale country’s collapse; Oilfield spending to fall 21% as producers slash outlays; Natural gas markets beyond COVID-19; COVID-19 strikes gas, LNG demand amid oversupply; Not all natural gas pipelines are equal; Pain in the oil patch; INTERNATIONAL: Germany proves how essential natural gas is – and the U.S. must supply.