EQT Shuts-In Production Again, Turned Off 1/2 Bcf/d as of Sept. 1
In mid-May the nation’s largest natural gas producer, EQT Corporation, temporarily shut-in (curtailed) roughly one-third of its natural gas production in Pennsylvania and Ohio (see EQT Shuts in 33% of NatGas Production in Pennsylvania, Ohio). The company curtailed 1.4 billion cubic feet per day (Bcf/d) of natural gas production and kept it offline until the end of June. Beginning in July EQT restored their curtailed production (see EQT Brings Curtailed Production Back Online, M-U Flows Back Up). As of Sept. 1, the company has turned off some of the valves once again.
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We suppose we shouldn’t be surprised, but we’re frustrated nonetheless that the Delaware River Basin Commission (DRBC) has caved to extremist pressure and voted to reverse (at least for now) a permit it previously granted to New Fortress Energy to build a dock in the Delaware River that would allow LNG tanker ships to tie up and load up on Marcellus LNG transported from northeastern PA. The radicals of the far-left THE Delaware Riverkeeper pressured (i.e. bullied) DRBC members to block the project–because Riverkeeper irrationally hates fossil fuels. Riverkeeper compromised three of the five DRBC voting members–New York, New Jersey, and Delaware.
Pin Oak Midstream, a subsidiary of Pin Oak Energy Partners, a relatively young Marcellus/Utica driller based in Akron, OH, has purchased most of the pipeline assets of Laurel Mountain Midstream for an undisclosed amount. The assets include 1,050 miles of natural gas-gathering pipelines and five compressor stations located in three Pennsylvania counties.
If you live in New York City, Boston, or anywhere in the states of New Jersey, Massachusetts, Connecticut, Rhode Island, or New Hampshire, brace yourselves to pay much higher prices for your natural gas this winter. That’s according to an analysis by S&P Global Platts. Right now the forward strip prices at key trading hubs in those locations show prices for natural gas in the range of $6.00-$6.63 per thousand cubic feet (Mcf), about twice the price of last winter.
In Lansing, NY, just outside of Planet Ithaca in Tompkins County, the local utility company, NYSEG, wanted to build a short pipeline in 2017 to supply new customers with natural gas, but was blocked by crazies who irrationally hate fossil fuels (see 
The Consumer Energy Alliance (CEA) released an important new study yesterday. Titled “How Pipelines Can Spur Immediate Post-COVID Economic Recovery,” the new study finds delays, obstruction, and cancellation of pipeline infrastructure projects are threatening at least $13.6 billion in economic activity, over 66,000 jobs, and more than $280 million a year in state and local tax revenue at a time when America’s financial recovery from COVID-19 requires MORE investment and tax revenue. A section of the report finds anti-pipeline fanatics in NY, NJ, and PA threaten $3.5 billion worth of investments and 17,000 jobs in our region alone.
Most political analysts believe this year’s presidential election may come down to one or two states–namely Pennsylvania and Ohio. If Biden can win in those two states, he stands a good chance of winning the election (an absolute nightmare!). But here’s what you don’t hear from mainstream media: the election may well turn on the issue of shale fracking. Counties in PA and OH, like Washington County in southwestern PA, are likely where the race will be won or lost. It’s not looking good for old ban-fracking Joe.