EQT Working on Deals with Data Centers; MVP & Southgate Key Assets
EQT Corporation, the nation’s second-largest natural gas producer after Expand Energy, delivered its fourth quarter and full-year 2024 update yesterday. The company, which drills solely in the Marcellus/Utica, produced 605 Bcfe of natural gas and equivalents during 4Q, which works out to be 6.58 Bcfe/d, despite curtailing 27 Bcfe (or 0.29 Bcfe/d, the same as 290 MMcf/d). Aside from the stats of what happened in 4Q24 and for the full year, much of the chatter in the update was about what is coming in 2025. EQT’s top brass said it is deep in discussions with multiple data centers and will likely have a few signed deals to provide gas to data center power plants by the end of 2025. Read More “EQT Working on Deals with Data Centers; MVP & Southgate Key Assets”

The 
Yesterday, MDN noted the NYMEX “front month” futures price of natural gas had jumped 28.2 cents to close just above $4/MMBtu (see
Two days ago, President Trump signed yet another executive order, this one called “Ensuring Accountability for All Agencies.” We’ve lost count of how many he’s signed! This latest EO is a really, hairy, big deal. This EO gives the president sweeping control over the budgets, policies, and regulations of independent U.S. agencies that oversee the energy sector, financial markets, trade, and transportation. Agencies like the Federal Energy Regulatory Commission (FERC) and Securities and Exchange Commission (SEC). Predictably, the left is shouting, “Dictator!” They are in full meltdown mode. The right is arguing the 50+ “independent” agencies created by Congress (but nominally under the Executive Branch) are an unelected bureaucracy not accountable to anyone—not to the President, not to Congress, and not to the courts.
NATIONAL: U.S. faces obstacles on road to supplying the world’s natural gas; Can the U.S. utility industry rise to its Sputnik moment?; INTERNATIONAL: WTI tops $72 amid crude supply concerns; Putin says global energy market needs Russia-US-Saudi talks; In a major shift, Japex to prioritise oil and gas investment through 2030.