Ascent Resources 2Q: Utica Production Hits New High; $291M Loss
Ascent Resources, originally founded as American Energy Partners by gas legend Aubrey McClendon, is a privately-held company that focuses 100% on the Ohio Utica Shale. Ascent is Ohio’s largest natural gas producer and the 8th largest natural gas producer in the U.S. The company issued its second-quarter 2020 update yesterday. The company added another 25 wells to production in 2Q and produced 2.1 billion cubic feet equivalent per day (Bcfe/d), a new company high. Unfortunately, the financial picture was not as rosy…
Read More “Ascent Resources 2Q: Utica Production Hits New High; $291M Loss”

Anti-fossil fuelers are on a holy mission to stop a 3.37-mile, 8-inch pipeline from being built under the Potomac River by Columbia Gas (see 

Eastern Shore Natural Gas Company (ESNG), a subsidiary company of Chesapeake Utilities Corporation (a company
Our favorite government agency, the U.S. Energy Information Administration (EIA), posted an interesting article yesterday revealing information the left and mainstream media don’t want you to know: Natural gas-fired electricity is growing faster than renewables. The media would have you believe that so-called renewables are taking the world (and the U.S.) by storm–growing far faster than any other source, including natural gas. Not true.
OTHER U.S. REGIONS: Oilfield service companies are bailing on the Permian; NATIONAL: Six former EPA heads call for an agency reset after the presidential election; Kamala Harris’ frac stance worrisome to shale states, attractive to the left; How bad is the shale downturn? Oxy has only one rig drilling the Permian.; U.S. permits for new horizontal drilling dip to 10-year low; Mounting gas storage in US Southeast threatens Henry Hub price rally; US midstream gas sector looks for signs of market improvement after pullback; Climate Fraud (video); INTERNATIONAL: Germany’s Maas confronts Pompeo over pipeline threat.