Other Stories of Interest: Tue, Jan 2, 2024
OTHER U.S. REGIONS: La. granted power by Biden to approve wells storing CO2; LNG developer Tellurian hires financial adviser; Chatterjee Fund Mgmt boosts stake in LNG developer Tellurian; NATIONAL: The one simple reason electric vehicles are doomed to fail; U.S. shale growth could exceed forecasts in 2024; Is U.S. shale too big to fail?; A shale oil CEO’s second act – going green; Climate “protesters” vow to take fight to “cowards” of US politics; INTERNATIONAL: OPEC+ can’t cut oil production enough to push crude prices higher; Runaway greenhouse effect fully simulated, and it’s “hell”; US tries to reassure shippers of Red Sea safety.
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New shale permits issued for Dec 4 – 10 in the Marcellus/Utica were up by 2 over the previous week. There were 27 new permits issued last week versus 25 issued two weeks ago. However, there was a major surprise! Last week’s permit tally included 8 new permits in Pennsylvania, 9 new permits in Ohio, and 10 new permits in West Virginia. The pattern is typically the opposite, with PA receiving the most permits and WV the least. The company receiving the most permits last week was EQT Corporation, with all 10 of WV’s permits all on the same well pad in Marion County.
NATIONAL: WVU research helps power plants recycle water using O&G wastewater; USA oil supply now exceeding high expectations; U.S. push to decarbonize plays out differently from state to state; INTERNATIONAL: John Kerry emits loud fart during speech at climate panel.