Ascent Resources Promotes Brooks Shughart (CFO) to be President
Ascent Resources, headquartered in Oklahoma City, OK, is Ohio’s largest natural gas producer and one of the largest natural gas producers in the U.S. Yesterday, Ascent announced that Brooks Shughart, currently the Chief Financial Officer (CFO) for the company, has been appointed as President of Ascent and its subsidiaries. Mr. Shughart will remain in his current role as CFO, with expanded responsibilities to include marketing & midstream, business development, and operations. He will maintain his existing responsibilities of finance, treasury, investor relations, and accounting. Mr. Shughart is going to be a busy boy. Read More “Ascent Resources Promotes Brooks Shughart (CFO) to be President”
Not quite a month ago, EQT Corporation, the largest Marcellus/Utica-only natural gas producer (second largest natural gas producer in the country) signed a deal with Sempra’s Port Arthur LNG Phase 2 project in Jefferson County, Texas, to buy (not sell) LNG from the plant to resell it to other countries (see 
We must confess that we’re disappointed in Virginia Governor Glenn Youngkin (Republican). After such a promising term as governor (term limited to a single, four-year term, ending this year), Youngkin joined a gang of Democrat governors, headed by the biggest bully of them all, Pennsylvania’s Josh Shapiro, in bashing PJM at a “bash PJM” event hosted by Shapiro in Philadelphia earlier this week. Youngkin and various Dem governors, including Maryland’s Wes Moore and New Jersey’s Phil Murphy, made threats against PJM via speeches delivered remotely (they couldn’t even be bothered to travel a few hours to Philly to be there in person). We say fine, take your marbles and go home. Leave PJM and see how that works out for you when your residents are sitting in the dark 50% of the time and you’ve ended your political careers overnight. 
This story is funny. At least, we find it amusing. An extremely radical organization (essentially a Communist organization) calling itself New York Communities for Change (NYCC), launched a petition for signers to say that if New York Governor Kathy Hochul approves the plan to build the Northeast Supply Enhancement (NESE) pipeline project, they pledge to vote against her in the upcoming primary in 2026. The petition “quickly garnered supporters” with over 1,000 signatures. There are 5.9 million registered Democrats in the state, so 0.00017 of the Dems (assuming only registered Dems signed), or seventeen hundred-thousandths of the Dem primary voting population, will vote against her. Which is ZERO percent. But that’s not even the funniest part of this story. The funniest part is that she’s already approved it! 
We’ll begin this post with this statement: We’re not surprised. At the end of last December, Venture Global’s Plaquemines LNG export facility officially shipped its first cargo to Germany. Unfortunately for Venture Global’s contracted customers, they will have to wait to receive their legally contracted shipments. Venture Global said that it would (as it did with the Calcasieu Pass facility) pretend the Plaquemines LNG is not “commercially ready” while shipping all sorts of LNG cargoes around the world. The practice allows the company to cream the market and make more money for the first couple of years (see 
President Trump delivered a speech to the United Nations yesterday, and wow! It was a speech for the ages. The teleprompter was broken, but he delivered his speech “off the cuff” anyway! He told the assembled world leaders, and we quote: “Your countries are going to hell,” particularly Europe. Why? Primarily because they’re pursuing the climate hoax of green energy, what he calls a “green scam,” and because they refuse to block illegal invaders (euphemistically called “immigrants”) from moving in and sucking up the country’s public resources. He left it all at the podium, not holding back anything. 
MARCELLUS/UTICA REGION: Three Mile Island Unit 1 nuclear plant ahead of schedule to reopen; NATIONAL: U.S. natural gas picks up after string of losses; AI model gives energy traders hourly forecasts 7 months out; LNG exports now dominate U.S. natural gas — where the market is heading; Gas-fired power braces for new AI landscape; Feedgas demand rises despite maintenance at Cove Point; INTERNATIONAL: Oil rises on Russian supply risks; Latest science further exposes lies about rising seas; TC Energy bets on US even as Canada plans LNG expansion.