PA Natural Gas Production Hits New All-Time High in 2020
Yesterday the Pennsylvania Independent Fiscal Office (IFO) released their latest quarterly Natural Gas Production Report for October through December 2020 (full copy below). There are two exciting bits of news coming from this report that (so far) nobody else is reporting: (1) After eight consecutive quarters (two years) of declining natgas production from shale (comparing the current quarter to the same quarter from the previous year), the trend reversed in 4Q20; and (2) even with all of the curtailments from Marcellus producers in PA last year, the state still produced a record high volume of natural gas–an all-time high record!
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The pandemic did its best to shut the world down, and maybe it succeeded in shutting down other countries–but not here in the US of A. Against an onslaught of shutdowns (particularly in “blue” states), people staying home, businesses closing, anarchy and chaos in large Democrat cities…and against an onslaught against fossil fuels by environmental Nazis seeking to destroy the economies of the world via bans of oil and natural gas and coal…U.S. natural gas production decreased by just 1 percent last year. Can you believe it? That’s a victory in our book!
Two weeks ago MDN brought you the news that Summit Natural Gas of Maine, a regional utility company, announced plans to extend their service territory into Maine’s Midcoast region with a $90 million pipeline project (see 
We’re done with the American Petroleum Institute (API) if they actually do what the Wall Street Journal says they’re about to do: Endorse and support a tax on carbon dioxide–the stuff you breathe out with every breath you take. Of course, API is largely controlled by huge multi-national corporations that don’t give a #$@! about the United States of America. Their only aim is to make money by putting their smaller competitors (called “independents”) out of business. The API is even rumored to now support the Paris Climate Accord, which is nothing more than abject theft of American wealth (via taxes) to give to other countries, with NO climate benefit. Yes, we’re done with the API.
Shell, one of the world’s biggest traders of LNG, released its fifth annual LNG Outlook report for 2021 last week (full copy below). Shell says global demand for liquefied natural gas (LNG) increased from 358 million tonnes (Mt) in 2019 to 360 Mt in 2020. It would have been a lot higher had it not been for the coronavirus pandemic and the shutdown of the worldwide economy. Hauling out the crystal ball, Shell makes a compelling case in the latest Outlook that worldwide demand for LNG will double to 700 Mt by 2040–in under 20 years! Can you imagine?
All three M-U states received permits to drill new shale wells last week. Pennsylvania received 7 new permits. In something of a twist, Ohio received 15 new permits (two companies), far more permits than we’ve seen in some time. And West Virginia received 5 new permits.
NATIONAL: Permian Basin oil growth may hinge on ExxonMobil, Chevron activity; US shale stakes out a future in changed energy landscape; Laid-off pipeline worker: The Biden administration ‘has taken my livelihood from me’; INTERNATIONAL: Worldwide LNG market a ‘big boy game,’ says Qatar Petroleum CEO; OPEC oil has advantage over U.S. shale during pandemic recovery; Oil executives eye important role for natural gas.