EQT Uses Biden Polling Firm to Confirm 73% of Voters Want More Pipes
This is a truly brilliant move on the part of Toby Rice and those who run and manage EQT Corporation–the country’s largest natural gas producer. As you likely know (if you’re a reader of MDN), Rice has become the Apostle of Natural Gas and LNG, promoting natgas as THE solution to global warming (see EQT CEO Toby Rice Unveils Nationwide Plan to “Unleash” U.S. LNG). Here’s the brilliant part. EQT recently hired a top Democrat polling firm, Impact Research (which does polling for Joe Biden), to conduct a nationwide poll of all registered voters. The poll found that an overwhelming majority of Republicans, Independents, and yes, even Democrats, believe using natural gas will help reduce global warming.
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Gulfport Energy has successfully wiggled out of legally-signed and binding long-term contracts with multiple pipeline companies, including deals that move Marcellus/Utica gas through the Rover and Rockies Express (REX) pipelines. In 2020 the Federal Energy Regulatory Commission (FERC) told Gulfport a very loud NO in breaking those contracts (see 
What’s fair is fair. If a county blocks drilling under county-owned land, as the Allegheny County Council recently did (see 
Baker Hughes, one of the biggest oilfield services companies on the planet, issued its second quarter earnings update yesterday. The company reported a net loss of $839 million during 2Q, but more than half that number is due to a write-off of its oilfield services business in Russia. What caught our attention was not the company’s financial performance, but the words of its top leaders in describing the near- and long-term future for natural gas. Baker Hughes is VERY bullish on natural gas and natural gas infrastructure (including LNG and pipelines).
The second-largest LNG export terminal in the U.S., Freeport LNG located near Galveston, Texas, experienced an explosion and fire in early June (see 
We spotted a story that, while not uncommon, has us scratching our head. The story is about yet another company in the oil and gas industry touting its conversion to electricity as a way to improve the climate and the company’s own ESG credibility. In this case, the company manufactures, fabricates, rents, sells, and maintains natural gas compression technology for oil and natural gas upstream providers and midstream facilities. Does the following strike you as odd?…
Here’s something you don’t often see: The price that natural gas is fetching in the eastern part of the country is significantly higher than the price gas fetches at the benchmark Henry Hub in southern Louisiana. The heat wave hitting the country’s middle section and points east is the main driver, but so is a lack of natural gas pipelines from the Marcellus/Utica to southern states.
MARCELLUS/UTICA REGION: EQT announces 20 percent increase to quarterly cash dividend; OTHER U.S. REGIONS: PetroChina to buy LNG from Cheniere’s Corpus Christi LNG terminal; New England gas prices top $20 on AGT system restrictions, demand spike; NATIONAL: Natural gas futures spike above $8; Putin has shown us: American voters must choose fossil fuels; Even ESG funds are now buying big oil stocks; INTERNATIONAL: Will European energy crisis intensify?; Russia restarts Nord Stream, Europe breathes sigh of relief.