PA DEP 2022 Annual O&G Report: NatGas Production Drops for 1st Time
The Pennsylvania Department of Environmental Protection (DEP) recently published its 2022 Oil and Gas Annual Report. This is the seventh year in a row the DEP has published the report in an interactive, electronic (i.e., online only) format. Don’t worry; we’ve made the report a convenient PDF for MDN readers. What does the 2022 report show? Permits issued went down, but the number of new wells drilled went up. The big news is that natural gas production has, for the first time, gone down year over year in the Keystone State. It is the first time natural gas production has decreased for a given year in the modern shale era in PA.
Read More “PA DEP 2022 Annual O&G Report: NatGas Production Drops for 1st Time”
Yesterday and today, Hart Energy is hosting the 
Natural gas is coming to Lincoln and Rockcastle counties in central Kentucky. Delta Natural Gas, a local gas utility and subsidiary of PNG Companies (People’s Natural Gas), which in turn is a subsidiary of Essential Utilities, broke ground on a 22-mile pipeline to provide natgas to Lincoln and Rockcastle for both residential customers and industrial customers located in corporate parks. According to Delta, these two counties have been lobbying for natgas service for 30 years.
The 28th U.N. Conference of the Parties, or COP28, gets underway today in Dubai. Representatives from most of the world’s countries will be there to party, get drunk, and pretend to care about the Big Lie that mankind is somehow destroying the planet by burning fossil fuels. With hypocrites confabbing in Dubai, it’s the perfect time to discuss the DECREASE in fugitive methane emissions across every major shale basin in the United States, including the Marcellus/Utica. Yes, even though shale drilling and production have gone UP over the past five years, fugitive methane emissions have gone DOWN. No other country can make the same claim, yet the COP28 hypocrites (including John Kerry) will renew their shrill calls to shut down U.S. shale drilling and fossil energy.
Cheniere Energy, Inc., the largest exporter of LNG in the U.S., announced two new agreements yesterday to sell more LNG to Europe. The first (and foremost) agreement is with ARC Resources, one of Canada’s largest natural gas producers, to sell 140,000 MMBtu per day (140 MMcf/d) of natural gas to SPL Stage 5 for a term of 15 years, commencing with commercial operations of the first train (“Train 7”) of the Sabine Pass Liquefaction Expansion Project. Yes, Canadian molecules will travel all the way to the Louisiana Gulf Coast to be liquefied and exported.
MARCELLUS/UTICA REGION: Governor’s appeal of greenhouse gas decision wrong; NATIONAL: Well productivity gains clash with cost inflation in U.S. oil patch; INTERNATIONAL: Europe continuing to rely heavily on natural gas; Long-term LNG contracts offer Europe supply security.