Shale Energy Stories of Interest: Wed, Aug 5, 2020

MARCELLUS/UTICA REGION: Pennsylvania is tough. Joe Biden is weak. (video); NATIONAL: U.S. crude oil production in May has a record monthly decrease; Natural gas prices reach ‘turning point,’ with possible rally into 2021, says BofA; Low oil prices will boost consumption; US shale industry seeks same output for less input; Oil donors flock to Trump as Biden hardens climate stance.
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Shale Energy Stories of Interest: Tue, Aug 4, 2020

MARCELLUS/UTICA REGION: EQT donates more than $200,000 to local first responders; National Fuel completes acquisition of Shell’s integrated upstream and midstream assets in Pennsylvania; PA DEP hosting fake webinar August 6 to push Wolf’s carbon tax; Rockwool decides natural gas over coal at Jefferson County plant; Alternative energy, social responsibility in focus for scaled-down Dominion; Governor Cuomo signs legislation regulating oil and gas related waste; Chesapeake Utilities Corporation completes acquisition of Elkton Gas; NATIONAL: Natural gas futures post jaw-dropping 30-cent gain; cash strong too; It’s harder than you think to stop using fossil fuels; The many distortions of the Jones Act; Basis for Biden climate plan challenged by experts; Marathon Petroleum divests Speedway stores.
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Shale Energy Stories of Interest: Mon, Aug 3, 2020

MARCELLUS/UTICA REGION: New York State Teachers Retirement System buys 146,700 shares of Antero Midstream; Pa. lawmakers keep up battle against Regional Greenhouse Gas Initiative; PennFuture urges oil, natural gas industry to explore green initiatives, but PIOGA calls proposal ‘laughable’; First Amendment rights of Amish take center stage in battle over huge New York wind project; OTHER U.S. REGIONS: ExxonMobil slashing Permian rig count, forecasting global oil glut extending ‘well into 2021’; Maine’s most expensive ballot fight ever unites natural gas companies and environmentalists; NATIONAL: Chapter 11 bankruptcy statistics on U.S. shale patch are not the best barometer to gauge industry’s future; U.S. homes and businesses receive natural gas mostly from local distribution companies; Chevron warns pandemic threatening through September, but common ground in election; Drillers go remote as pandemic reshapes oil business; INTERNATIONAL: China boosts shale gas development.
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Shale Energy Stories of Interest: Thu, Jul 30, 2020

OTHER U.S. REGIONS: US shale firm Apache reports $386 million loss, renewed international focus; NATIONAL: U.S. energy consumption in April 2020 fell to its lowest level in more than 30 years; How America’s shale industry can navigate tough times and emerge resilient; Henry Hub gas forwards turn bullish on tightening US supply-demand fundamentals; INTERNATIONAL: Shell flags production fall into Q3; assets impaired by $16.8 billion.
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Shale Energy Stories of Interest: Tue, Jul 28, 2020

MARCELLUS/UTICA REGION: Natural gas scorecard shows Ohio needs its now more than ever; OTHER U.S. REGIONS: Haynesville gas production, drilling retreat continues, bucking broader US trend; NATIONAL: ‘Flat is the new up’: Investors will forgive low shale gas volumes, prices in Q2; Microsoft and Halliburton are building the oilfield of the future; Joe Biden’s energy plan aims to overhaul the electric grid by 2035. Is it plausible?; Natural gas gets set for prime time: tracking a possible rally until February 2021.
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Shale Energy Stories of Interest: Mon, Jul 27, 2020

MARCELLUS/UTICA REGION: PA DEP climate consultant did not authorize the use of its name on a letter supporting Wolf carbon tax; OTHER U.S. REGIONS: NH Democrat gubernatorial candidates split on proposed gas pipeline; NATIONAL: Environmentalists threaten suit over push to transport liquefied natural gas by rail; NRG in $3.6B deal to acquire Centrica’s Direct Energy, one of North America’s largest natural gas retailers; Oil, gas cash for Trump in 2020 trails previous GOP candidates; Schlumberger cutting 21,000 jobs in reorganization after bruising quarter; LNG news: U.S. cargo cancellations set to ease as demand rises.
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Shale Energy Stories of Interest: Fri, Jul 24, 2020

MARCELLUS/UTICA REGION: EQT rolls back curtailments of natural gas production; Shareholders OK doubling of EQT’s authorized shares; OTHER U.S. REGIONS: Duke Energy’s natural gas plant near Asheville now producing power; NATIONAL: Frac is back; U.S. weekly LNG exports edge up; Is Warren Buffett right about natural gas?; COVID not done wreaking havoc on oil and gas industry; Natural gas rallies as traders eye Gulf of Mexico storm activity.
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Shale Energy Stories of Interest: Thu, Jul 23, 2020

MARCELLUS/UTICA REGION: Equitrans Midstream announces quarterly dividend; After drilling mishap condemns home, gas pipeline opponents ask to halt all work; OTHER U.S. REGIONS: Tellurian, Petronet renew Driftwood LNG talks; NATIONAL: Natural gas generation nabs growing share of installed U.S. microgrid capacity; Bounceback in U.S. shale oil output is unlikely to last the summer; Oil and gas companies tap DUC inventories to boost production at lower costs; Biden administration risk for energy sector reaches beyond domestic policy; Pipeline shutdown could hurt low-income Americans; Houston banks sell off energy loans, cut credit lines to oil and gas companies.
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Shale Energy Stories of Interest: Wed, Jul 22, 2020

MARCELLUS/UTICA REGION: Grand jury report on fracking will not help Pennsylvanians; Toomey and Heidelbaugh sign pro-natural gas group pledge; OTHER U.S. REGIONS: AG rejects Brookline’s ban on oil, gas pipes in new buildings; NATIONAL: Joe Biden’s climate and energy plan is a gift for China; Joe Biden’s carbon tax will cost uou $5.31/Mcf for natural gas; The new oil and gas governance.
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Shale Energy Stories of Interest: Tue, Jul 21, 2020

MARCELLUS/UTICA REGION: Wooing petrochemical plants in the age of COVID-19; Atlantic Coast Pipeline capacity hinders Cabot’s growth potential; OTHER U.S. REGIONS: California regulators reiterate support for gas phase out; Permian well shut-ins wind down, but natural declines extend oil, gas downturn; NATIONAL: Lawsuits seek transparency on coordination between state AG offices and outside organizations; EIA forecasts U.S. petroleum demand will remain below 2019 levels for several more months; URTeC 2020: Opening session speakers see industry recovering, but ESG issues loom large; Future-proofing gas generation for the coming carbon-free world; Nat gas prices crash as U.S. exports fall; INTERNATIONAL: New US sanctions block Putin’s pipeline despite Danish breakthrough; Russia and Saudi Arabia are rooting for Biden…Here’s why.
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Shale Energy Stories of Interest: Mon, Jul 20, 2020

MARCELLUS/UTICA REGION: Biden’s liberal climate policies feared by unions in Pennsylvania; Iroquois Gas Transmission donates $5K to Food Bank of Central New York; NATIONAL: Wave of North American oil and gas bankruptcies to continue at $40/bbl crude; Rex pipeline a ‘case study’ of long-haul woes; Shut down pipelines to save the environment? Think again; Ernst & Young reviews energy’s status at mid-year; Chesapeake Energy: common and preferred shares have no value; bonds may have some upside; INTERNATIONAL: LNG markets may not recover until 2021; China and Iran approach massive $400 billion deal.
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Shale Energy Stories of Interest: Fri, Jul 17, 2020

MARCELLUS/UTICA REGION: Royalty owners watching bankruptcy case; NATIONAL: Court blocks Trump effort to rescind Obama-era methane rule; COVID-19 mitigation has delayed construction of some electric generators; How one oil and gas company is innovating its way through the bust; INTERNATIONAL: Global recovery unlikely to be v-shaped, says Shell chief; U.S. threatens new sanctions on Russian gas projects: ‘get out now’.
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Shale Energy Stories of Interest: Wed, Jul 15, 2020

OTHER U.S. REGIONS: Weymouth officials say venting of natural gas allowed near compressor site; NATIONAL: Saying the quiet part out loud: anti-pipeline leader admits true motivation for activism; U.S. crude oil and natural gas production in April had biggest monthly decreases in years; Energy storage’s emerging challenge to natural gas in the power sector.
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Shale Energy Stories of Interest: Tue, Jul 14, 2020

MARCELLUS/UTICA REGION: Buffet to buy interest in Dominion Gas’ Cove Point; API Ohio welcomes new well plugging rules; OTHER U.S. REGIONS: U.S. Army Corps of Engineers to appeal Dakota Access shutdown; NATIONAL: U.S. Henry Hub natural gas spot prices reached record lows in the first half of 2020; Analyst sees more shale bankruptcies ahead; Will the left kill America’s energy dominance?; INTERNATIONAL: After decades of wrong predictions, oil may finally be peaking; Extending production cuts would be ‘suicidal’ for OPEC; Is the world ready for more OPEC and Russian oil?
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