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  • Anti-Drilling/Fossil Fuel | Carbon Capture | Industrywide Issues | Pennsylvania | Regulation | Statewide PA

    PA Antis Split Over Issue of Carbon Capture & Sequestration

    July 9, 2024July 9, 2024

    Pennsylvania Democrat leftists face a conundrum. Do they listen to one set of environmentalist wackos, including the Pennsylvania Environmental Council, Environmental Defense Fund, Nature Conservancy, and Clean Air Task Force? Or do they listen to a different set (on the same ideological side of the aisle), including Better Path Coalition, 350 Pittsburgh, 412 Justice, the Center for Coalfield Justice, and the Clean Air Council? Two weeks ago, the first set of wackos threw their support behind PA Senate Bill (SB) 831, the Carbon Capture & Sequestration (CCS) Act (see PA House Advances Carbon Capture & Sequestration (CCS) Act). Earlier this week, the latter group of wackos sent lawmakers a letter opposing SB 831. What’s a lib Dem to do?
    Read More “PA Antis Split Over Issue of Carbon Capture & Sequestration”

  • Energy Companies | EOG Resources | Ohio | Statewide OH

    EOG Zags with Organic Growth While Everyone Else Zigs with Mergers

    July 9, 2024July 9, 2024

    Mergers and Acquisitions (M&A) have been all the rage over the past year or so. In 2024 alone, Chesapeake Energy announced a $7.4 billion deal to buy Southwestern Energy (see Deal is Done! Chesapeake & Southwestern Announce $7.4B Merger). However, oil plays, including the Permian and Bakken, are where the biggest deals are happening. ExxonMobil announced a deal to buy the Permian’s largest independent, Pioneer Natural Resources, for $60 billion. Diamondback Energy is buying Endeavor Energy Resources for $26 billion. Chevron is attempting to buy Hess Corporation (big assets in the Bakken and assets in foreign markets) for $53.5 billion. However, one large, publicly traded company is charting a different course, preferring to grow acreage organically and concentrate on previously unknown or overlooked hydrocarbon plays. That company is EOG Resources.
    Read More “EOG Zags with Organic Growth While Everyone Else Zigs with Mergers”

  • Energy Services | Industrywide Issues | Pipelines | Regulation | Transco | Williams

    FERC OKs Request to Start Up More of Transco REAE Pipe Expansion

    July 9, 2024July 9, 2024

    Williams’ Regional Energy Access Expansion (REAE) project involves expanding the mighty Transco pipeline in Pennsylvania and New Jersey to deliver an extra 829 MMcf/d of Marcellus gas to PA, NJ, and Maryland. Part of the project was completed and went online last year (see Williams 1Q—Regional Energy Access Pipe Coming Online Early). The rest of the project is scheduled to be completed and online by the end of this year. On June 7, Williams asked FERC for permission to bring another chunk of the REAE project online as soon as July 1st (see Williams Asks FERC to Place More of Regional Energy Access Online). On Wednesday, June 26, FERC granted its permission to start it up.
    Read More “FERC OKs Request to Start Up More of Transco REAE Pipe Expansion”

  • Energy Services | Industrywide Issues | Litigation | Pennsylvania | Pipelines | Regulation | Statewide PA | Transco | Williams

    3rd Circuit Sides with PA Antis’ Right to Appeal REAE Permits

    July 9, 2024July 9, 2024

    As we mentioned in a companion post today, the Williams Transco Regional Energy Access Expansion (REAE) project recently received permission from the Federal Energy Regulatory Commission (FERC) to begin operations for another segment of the REAE project, flowing an extra 130 MMcf/d of natural gas to Pennsylvania, New Jersey, and Maryland (see FERC OKs Request to Place More of Regional Energy Access Online). However, yesterday, Williams suffered a minor legal setback related to the REAE project.
    Read More “3rd Circuit Sides with PA Antis’ Right to Appeal REAE Permits”

  • CNG/LNG | Exporting | Industrywide Issues | Weather

    Surprise! Freeport LNG Exports Shut Down Due to Hurricane Beryl

    July 9, 2024July 9, 2024

    We began our headline with the word “Surprise!” because, well, nobody is surprised that Freeport LNG is, once again, down. That has been the theme since it began to operate. We’ve tracked the up down up down up down situation at Freeport LNG since it came online in 2019. Freeport was mostly offline this year following an episode of cold temps in January (see Freeport LNG Repairs Won’t be Done Until May – 2 Trains Offline). Freeport announced that two of its three trains (Trains 1 and 2) would remain out of service for testing and repairs through May. Train 3 came back online in late March, but just as quickly, it went down again. Then came back up. Then went down. Etc. So it will be no surprise to learn that as Hurricane Beryl took aim at the Texas Gulf Coast, Freeport preemptively shut everything down, again. As of yesterday, it was still shut down, which took the total U.S. LNG output from 13.1 Bcf/d on July 6 to 11.1 Bcf/d yesterday.
    Read More “Surprise! Freeport LNG Exports Shut Down Due to Hurricane Beryl”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues

    Wealthy Anti-Fossil Fuelers Outspending the Fossil Fuel Lobby 10X

    July 9, 2024July 9, 2024

    Climate hucksters like the National Resources Defense Council (NRDC) peddle the false narrative that Big Oil is spending mountains of money to protect its filthy, polluting industry, while environmental groups (like the NRDC) that just want you to breathe clean air and drink pure water are just about flat busted. Big Oil is Goliath, and Big Green is David. The opposite is the truth. According to an analysis of IRS records, for every dollar spent by organizations and groups that support fossil energy, nearly $10 ($9.60 to be exact) is spent by Big Green groups.
    Read More “Wealthy Anti-Fossil Fuelers Outspending the Fossil Fuel Lobby 10X”

  • Best of the Rest

    Other Stories of Interest: Tue, Jul 9, 2024

    July 9, 2024July 9, 2024

    NATIONAL: Google’s net zero plans are going up in smoke; Biden calls people ‘really, really dumb’ for disagreeing with him on climate; Sumitomo looks to tap US shale boom despite exiting production; INTERNATIONAL: Is Saudi Arabia set on becoming a global gas leader?; New UK Secretary of State for Energy Security outlines priorities.
    Read More “Other Stories of Interest: Tue, Jul 9, 2024”

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