May NatGas Deliveries to US LNG Plants Lowest Since Last October

Feedgas, which is the gas that flows to LNG export facilities, hit the lowest levels it has seen since last October according to the U.S. Energy Information Administration. As we pointed out two weeks ago, natural gas prices are staying low because worldwide demand and prices for LNG is currently low (see Why Does NatGas Price Stay So Low with Falling Production?). Low prices will continue for the foreseeable future, with some 20 U.S. LNG export cargoes for June now canceled and another 45 for July rumored to be canceled.
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Shale Energy Stories of Interest: Wed, Feb 26, 2020

MARCELLUS/UTICA REGION: Pa. House Speaker Mike Turzai: Banning fracking would destroy Pennsylvania’s economy; NATIONAL: U.S. crude oil production increases; imports remain strong to support refinery operations; Michael Bloomberg’s climate change plan would wreak economic mayhem; INTERNATIONAL: Russia’s Novatek celebrates another Yamal LNG milestone.
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Shale Energy Stories of Interest: Fri, Feb 7, 2020

MARCELLUS/UTICA REGION: Appalachia, Permian drop by five rigs each in biggest play changes; Fake news is fracking endemic in environmentalism; OTHER U.S. REGIONS: New olefins cracker starts service in Louisiana; NATIONAL: Natural gas: capital retreat to send prices 50% higher; U.S. natural gas prices dip to four-year lows; Total’s U.S. portfolio said ready to drive global LNG sales growth; Energy Capital pauses pipeline deals on widening shale despair; Liberty Oilfield deploys new frac fleet, plans new build; Exxon: shale production growth is through the roof, and it’s just getting started; INTERNATIONAL: U.S. LNG export arb said ‘nearly’ shut as coronavirus curbs Asian buying; Failed OPEC response to coronavirus shows Russia is in charge; China reneges on commodity deals, worsens global trade chaos.
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Shale Energy Stories of Interest: Thu, Jan 30, 2020

OTHER U.S. REGIONS: Fracking ban is unwarranted and would be costly to Virginia residents; NATIONAL: Oil and gas industry applauds Trump signing of USMCA into law; ‘Gasmageddon’ is here, with natgas prices averaging $1.99 in 2020, say analysts; Natural gas prices are poised to move above $3 as production declines; UPS jumps into the future with plan to buy 10,000 electric vans; INTERNATIONAL: No, banks don’t hold the key to climate change; Russia, China and the U.S. are forever changing the global gas market.
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Shale Energy Stories of Interest: Mon, Dec 2, 2019

MARCELLUS/UTICA REGION: Draft PA greenhouse gas emission inventory shows nearly 19% reduction between 2005-2016; Range Resources – over-levered, depressed, but making progress; NATIONAL: Reporter’s Notebook: Natural gas producers in sad state; 6 LNG investments to tap into; Why oil demand won’t follow coal’s death spiral; Why I’m thankful for the shale revolution; NYMEX January gas continues to fall on warmer weather forecasts; Natural gas and the electric power sector: the latest trends; INTERNATIONAL: Yamal LNG eclipses annual nameplate production; OPEC meeting may be moment of reckoning for these oil producers; Gas ‘indispensible’ in mitigating climate change; The natural gas nation every exporter is targeting.
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Shale Energy Stories of Interest: Wed, Nov 27, 2019

NATIONAL: Fluor Corp wins award for gas processing tech; ‘Deep electrification’ means more natural gas; Making history: U.S. exports more petroleum than it imports in September and October; INTERNATIONAL: Yamal LNG cargo heading to Portugal; Global LNG markets are circling the drain; Greta, go to China and protest about climate change to the world’s biggest emitter.
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Shale Energy Stories of Interest: Tue, Nov 26, 2019

MARCELLUS/UTICA REGION: Bulk of Cricket Valley protesters plead not guilty; OTHER U.S. REGIONS: Commonwealth LNG, Gunvor ink LNG marketing and supply deal; Federal government will give HART $4.3 million to buy new natural gas buses; NATIONAL: Supreme Court: Penn State climate change scientist’s lawsuit against National Review can continue; Luxury beliefs of the leisure class are at the heart of fractivism; Long-term LNG export contracts lift baseload-level demand for U.S. gas; INTERNATIONAL: ONGC ends Indian shale exploration, winds up grand project mid-way; How Russia-China gas pipeline changes energy calculus.
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Shale Energy Stories of Interest: Thu, Nov 21, 2019

MARCELLUS/UTICA REGION: New York natural gas utilities facing credit risks because of Cuomo; Single permit for Utica drilling awarded by ODNR; OTHER U.S. REGIONS: Governor Newsom adds new oil and natural gas extraction regulations in Cali; In a first for Massachusetts, Brookline votes to ban oil and gas pipes in new buildings; NATIONAL: ExxonMobil lambasts Massachusetts, New York Attorneys General for “unconstitutional conduct”; Oil & gas industry turns to AI for billions in savings; INTERNATIONAL: Russia’s Putin says shale oil technologies are ‘barbaric’.
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Shale Energy Stories of Interest: Mon, Nov 18, 2019

MARCELLUS/UTICA REGION: ODNR grants 6 permits for Utica drilling; FERC sets review schedule for extension to Transco’s Atlantic Sunrise; Cuomo’s carbon casualties; PA Governor’s office transfers $45 million to augment DEP, DCNR budgets; Shale academy obtains grant; Preston High School seniors take part in free oil and natural gas course; Cabot Oil & Gas completes divestiture of ownership in Meade Pipeline Co; Shell VP shrugs off mayor’s anti-petrochemical industry comments; OTHER U.S. REGIONS: Is Chesapeake about to sell its Haynesville assets to Comstock?; Vermont Gas launches climate-friendly rebranding effort; NATIONAL: Permian, Marcellus rigs fall as U.S. drilling declines continue apace; U.S. frack sand suppliers latest casualties in shale industry slump; Natural gas corrects – let the wild ride begin; INTERNATIONAL: PGNiG informs Gazprom of natural gas supply deal termination; EU to end all fossil fuel lending in two years.
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Shale Energy Stories of Interest: Fri, Nov 8, 2019

MARCELLUS/UTICA REGION: Labor sides with Big Oil in a feud with Pittsburgh’s mayor; City says it wants a role in Philly refinery Ch. 11 sale; New York State writes down value of Tesla plant in Buffalo; OTHER U.S. REGIONS: Florida fracking ban bill is a classic government solution in search of a problem; Could an Alaska North Slope LNG project undercut Gulf Coast competitors?; NATIONAL: New natural gas pipelines are adding capacity from the South Central, Northeast regions; NAPE announces new ‘magazine for dealmakers’ to complement expos; U.S. natural gas prices rising toward winter; INTERNATIONAL: Yamal LNG cargo heading for Zeebrugge; Spain becomes Europe’s cheapest gas market on flood of low-cost LNG.
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Shale Energy Stories of Interest: Fri, Oct 25, 2019

MARCELLUS/UTICA REGION: How to tell Cuomo frets the natural gas shortage: He’s passing the buck; Toomey praises Trump for shale gas exploration policies in Pennsylvania, U.S.; OTHER U.S. REGIONS: Optimizing shale well designs could boost Eagle Ford and Permian economics by 19-23%; Cameron LNG natural gas facility officially opens today; Planned natural gas release angers compressor station opponents; NATIONAL: The United States now exports crude oil to more destinations than it imports from; Natural gas and renewables will rule America’s electricity future; Natural gas exports to Mexico swell, but is a tidal wave coming?; INTERNATIONAL: Novatek – TC LNG Shipping JV off “Blocked Person” list.
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Puerto Rico Imports Russian LNG Thanks to U.S. Jones Act

Here we go again. Not only does Boston and New England now depend on Russian LNG, so too does U.S. territory Puerto Rico (PR)–thanks to a century-old law that prevents the U.S. from shipping LNG to our own states and territories! It’s bizarre and must stop. The closest LNG export facility to PR is Kinder Morgan’s Elba Island, Georgia facility, which recently came online (see FERC OKs Kinder Morgan Elba Island LNG Train #1 to Begin Service). Yet none of the Marcellus/Utica LNG from Elba Island can legally go to PR–because there are no American built and flagged LNG carriers to transport it there. That’s the Jones Act.
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U.S. Makes History Again – Biggest 1-Yr Jump in O&G Production

On those occasions when we engage in conversation with friends and family about what we do, and drop the little factoid that the U.S. (because of shale) is now the #1 producer of both natural gas (surpassing Russia) and oil (producing more oil than Saudi Arabia)–our friends and family look at us like we have two heads. Why does the general population not know this? Because mainstream (biased) media doesn’t want them to. Yet it’s the truth. We flew by Russia back in 2011 to produce the most natgas of any country on the planet, and we flew by the Saudis last year to produce the most oil. We also set another world record last year–the biggest one-year increase in energy production of any country on Mom Earth. Thanks to shale.
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Shale Energy Stories of Interest: Mon, Aug 19, 2019

MARCELLUS/UTICA REGION: EQT among world’s fastest-growing natural gas producers; Pa. grants $2M for solar tech at PGW’s liquefied natural gas plant; Group that wants Ohio voters to decide on nuclear plants bailout submits revised petition; The latest victims of the far-left’s environmental zealotry: Long Islanders; De Blasio exaggerates fossil fuel claims on the campaign trail; NTIEC Energy Camp sparks interest among local students; OTHER U.S. REGIONS: Minnesota, D.C., and Baltimore under the microscope for accepting controversial help from special interests; Colorado is quickly becoming a patchwork of oil and gas rules after a major law change; NATIONAL: Unit trains now delivering U.S. propane to Mexico; INTERNATIONAL: Yamal LNG hits 20 mt milestone; BP publishes LNG contract templates to push industry standardization; U.S. efforts to derail Russian pipelines to Europe have failed since the 1960s. Will Nord Stream 2 be different?
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Shale Energy Stories of Interest: Mon, Aug 5, 2019

MARCELLUS/UTICA REGION: Trump to visit Beaver County ethane cracker plant Thursday; The millennial taking the helm at EQT is a baseball jock turned shale guru; NATIONAL: Oil price correction triggers shale meltdown; Texas shale pioneers struggle to appease investors; U.S. shale shippers will pay surcharge for Trump steel tariffs; Natural gas truck sales surge even as electric trucks get the hype; Big oil’s big bet on natural gas has been a big headache; INTERNATIONAL: Turning natural gas into fuel just became cheaper; Here’s Putin’s answer to the U.S. shale boom; Potential loss from outlawing unconventional drilling techniques could cost Mexico $45B by 2040.
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Energy Stories of Interest: Tue, Jul 9, 2019

NATIONAL: Members of Congress renew attack on oil and gas with “frack pack” legislation; Secretary Perry: Trump critics don’t understand how much he’s done for the environment; INTERNATIONAL: US is world’s largest producer of fossil fuel; Here’s Putin’s answer to the U.S. shale boom; SaskPower probes cost of Ottawa’s natural gas regulations to plans for new plant.
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