Best of the Rest

MARCELLUS/UTICA REGION: US Northeast power, gas prices rise on scorching temperatures; OTHER U.S. REGIONS: Gas producer BKV Corp to buy Texas power plant for $430 million; Exxon launches U.S. shale gas sale to kick-start stalled divestitures; NATIONAL: White House urges more help from OPEC; EIA expects U.S. natural gas inventories to enter winter heating season below average; Frackers, shippers eye natural-gas leaks as climate change concerns mount.
Read More “Other Stories of Interest: Thu, Aug 12, 2021”

MARCELLUS/UTICA REGION: The Shell cracker plant is a boon for business; OTHER U.S. REGIONS: Tellurian says talks with banks underway for $12 billion Driftwood LNG project; Maintenance cuts natural gas pipeline flows to US Southwest as strong prices persist; NATIONAL: Natural gas to prove far more resilient than coal amid energy transition; Late summer natural gas prices hit multi-year highs; CO2 users face supply issues, higher prices as carbon sequestration grows; Granholm says we have to ‘go after’ methane from natural gas and ‘pressure’ Russia to do same; INTERNATIONAL: US solar panels rely on Chinese forced labor and coal.
Read More “Other Stories of Interest: Tue, Aug 10, 2021”

MARCELLUS/UTICA REGION: Natural gas extension – critical Bluefield project up for federal funding; Schumer joins environmentalists in denouncing Brooklyn natural gas pipeline; NATIONAL: Steamy summer drives big gains for weekly spot natural gas prices; The U.S. maintains its natural gas dominance; Carbon-neutral cargoes of LNG and other hydrocarbons; Shale giants hit hard by poor hedging decisions; INTERNATIONAL: To save the planet, focus on cutting methane – U.N. climate report; Exxon Mobil suspended from climate advocacy group; Chinese firms seek LNG cargoes, demand is strong.
Read More “Other Stories of Interest: Mon, Aug 7, 2021”

NATIONAL: Biden administration sets USA clean car goal; US working natural gas volumes in underground storage increase 13 Bcf; Senate Democrats to introduce measure taxing major polluters.
Read More “Other Stories of Interest: Fri, Aug 6, 2021”

OTHER U.S. REGIONS: Dakota oil pipeline expansion completed; NATIONAL: With climate litigation failing, Rockefellers try a different angle; Now Biden is trying to racialize energy, too; John Kerry questions long-term future of natural gas.
Read More “Other Stories of Interest: Thu, Aug 5, 2021”

OTHER U.S. REGIONS: Analyst sees Permian basin output fully recover from COVID shutdown by 2022; FERC must redo climate analysis for Texas LNG projects – D.C. Circuit; NATIONAL: Pioneer Natural Resources warns of tepid shale growth in coming years; INTERNATIONAL: Natural gas demand to surpass 2019 levels by year’s end, says BP chief.
Read More “Other Stories of Interest: Wed, Aug 4, 2021”

MARCELLUS/UTICA REGION: CEC takes over Chevron headquarters building in Pittsburgh; NATIONAL: WTI oil price to average $75 in 2022 and remain elevated for years; Natural gas futures, spot prices sink as cooler weather arrives; “DUCs down” has made shale’s post-COVID bed softer…so far; LNG seen offering upside as North American gas pipeline buildout winds down; The climate warriors are coming for your gas heater and stove; U.S. natural gas prices flying through summer 2021; INTERNATIONAL: Delta variant causes oil prices to tumble; Forget about peak oil – we haven’t even reached peak coal yet; Hydrogen in the home would be four times more dangerous than natural gas.
Read More “Other Stories of Interest: Tue, Aug 3, 2021”

MARCELLUS/UTICA REGION: West Virginia and the value of national gas; OTHER U.S. REGIONS: Dominion plan calls for all-gas Cope plant in SC; Towns trying to ban natural gas face resistance in their push for all-electric homes; Outrage growing in north Denver neighborhood as hundreds go three days without natural gas; Why is the Biden administration attacking America’s energy independence?; NATIONAL: Electrification alone won’t cut it for decarbonization, say natural gas experts.
Read More “Other Stories of Interest: Mon, Aug 2, 2021”

OTHER U.S. REGIONS: Tellurian finalizes offtake agreements for first phase of Driftwood LNG; NATIONAL: Former natural gas exec weighs climate controversy; DUC clock ticks on cheap production: low-cost cash flow won’t last; Critical U.S. pipelines remain stopped, as Russian pipelines are greenlighted; Hijacking natural gas #1 (video); INTERNATIONAL: Big Oil shows confidence that big profits era is back.
Read More “Other Stories of Interest: Fri, Jul 30, 2021”

MARCELLUS/UTICA REGION: Equinor grows Marcellus output and NA natural gas fetches 53% price improvement; Ohio oil and gas industry continues to recover from pandemic; NATIONAL: Oil price increases as healthy demand decreases supply; Haaland accused of defying judge on oil leasing; The insult of favoring OPEC’s leaders over America’s energy workers; Natural gas-powered Class 8 trucks make sales gains in 2021; INTERNATIONAL: German emissions from electricity rose 25% in first half of 2021.
Read More “Other Stories of Interest: Thu, Jul 29, 2021”

OTHER U.S. REGIONS: City considering ban of natural gas appliances in existing homes; NATIONAL: Even at $4.00, higher natural gas prices needed, says Raymond James; Shale pioneer Hamm skeptical private E&P can fill gap.
Read More “Other Stories of Interest: Wed, Jul 28, 2021”

OTHER U.S. REGIONS: Haynesville production surge looms as drilling, well completions accelerate; NATIONAL: In 2020, the United States produced the least CO2 emissions from energy in nearly 40 years; Biden’s oil, gas leasing plan likely waiting for Senate vote on BLM director; Surging North American natural gas prices look to test major producers’ discipline; Deb Haaland’s oil and gas stall; INTERNATIONAL: Oil prices decline as delta variant spreads; With Quebec rejecting a $14B LNG project, is the industry at a dead end in Canada?
Read More “Other Stories of Interest: Tue, Jul 27, 2021”

NATIONAL: U.S. oil & natural gas industry supported millions of jobs, trillions in economic impact in 2019; US weekly LNG exports increase another week; Tellurian’s Charif Souki on LNG, going green and the nuclear option; Questioning the sustainability of Biden’s brave new green world; How the FERC sets oil and gas pipeline rates.
Read More “Other Stories of Interest: Mon, Jul 26, 2021”

MARCELLUS/UTICA REGION: Pa. shale gas production flat in May but up 7% YOY; EQT shareholders OK plan to increase shares; Murrysville council hears proposal on gas-interconnect for fracking well; OTHER U.S. REGIONS: Kinder Morgan says Permian, Haynesville will need new natgas pipes; NATIONAL: Demand for oil, gas seen rising in H2-2021 and 2022; Will natural gas replace diesel as a data center power source?; The gigantic holes in anti-oil ESG activism; Leasing ban backfires on President Biden; Will all the oil and gas jobs lost during the pandemic ever return?; Wall Street opens back up to oil and gas–but not for drilling.
Read More “Other Stories of Interest: Fri, Jul 23, 2021”

MARCELLUS/UTICA REGION: Southwestern Energy announces appointment of Chief Financial Officer; OTHER U.S. REGIONS: Gas project developer courts investors with YouTube; NATIONAL: Susan Rice ordered to sell $2.7M stake in oil pipeline company after project moves forward; United States continued to lead global petroleum and natural gas production in 2020; OPEC gives shale an opening; INTERNATIONAL: USA and Germany end Nord Stream 2 feud; Oil prices fall amid stronger greenback and OPEC+ uncertainty; Brent crude oil price forecast to average $72 per barrel in the second half of 2021; Demand due to extreme weather models, lower inventories drives natgas prices higher; Analysis shows oil and gas execs using more environmental buzzwords.
Read More “Other Stories of Interest: Thu, Jul 22, 2021”

MARCELLUS/UTICA REGION: Ravago Group sets up shop near cracker plant, ready to do business with Shell; NATIONAL: U.S. oil consumption surging with industry firing at full blast; Oil has become the hottest commodity on Wall Street; U.S. natural gas skies to highest in two-and-a-half years; New Enverus M&A report details interesting times for U.S. shale; It’s time to unplug the hype over electric vehicles.
Read More “Other Stories of Interest: Thu, Jul 15, 2021”