Best of the Rest

MARCELLUS/UTICA REGION: Chesapeake Utilities, a small utility operator, has big renewable gas plans; OTHER U.S. REGIONS: ISO New England Tracker: Power, gas prices up in June; expected higher in winter; NATIONAL: WTI settles above $75; Biden climate czar threatens to bypass Congress on clean energy; After blowing $300 billion, U.S. shale finally makes money; E&Ps’ credit metrics improve as U.S. emerges from the pandemic; Fix the RFS! (video); INTERNATIONAL: Gas import options expanding for China; Record natural gas prices give power markets a jolt; Panama Canal LNG transits jump 12% through three quarters of current fiscal year.
Read More “Other Stories of Interest: Wed, Jul 14, 2021”

OTHER U.S. REGIONS: TotalEnergies terminates $700M deal with Tellurian for Driftwood LNG; NATIONAL: U.S. oil mergers surge as energy, share prices recover from pandemic; Biden tax increases show higher energy costs are a goal, not a glitch; Natural gas prices still have room to run; INTERNATIONAL: North sea rig used for Marvel Black Widow movie; Supply struggles, not just demand, are fuelling LNG’s price surge.
Read More “Other Stories of Interest: Tue, Jul 13, 2021”

MARCELLUS/UTICA REGION: Crestwood and Con Edison announce closing of Stagecoach Gas Services divestiture; Long Island power plant to be site of hydrogen-natural gas hybrid fuel experiment; OTHER U.S. REGIONS: For affordable electricity, keep natural gas; NATIONAL: US drillers add oil, gas rigs for second consecutive week; INTERNATIONAL: Oil prices in flux as OPEC+ remains deadlocked; Global liquefied natural gas trade was flat in 2020 amid pandemic.
Read More “Other Stories of Interest: Mon, Jul 12, 2021”

OTHER U.S. REGIONS: Berkeley’s ban on natural gas in new buildings upheld by federal judge; NATIONAL: Oil prices snap losing streak; U.S. shale on track for one of its best years ever; Solving the plastic shortage with a new chemical catalyst.
Read More “Other Stories of Interest: Fri, Jul 9, 2021”

NATIONAL: DOE announces $52.5 million to accelerate progress in clean hydrogen; US EIA lowers Q3 gas demand forecast 1.78 Bcf/d to 72.16 Bcf/d; Propane headed toward uncharted territory; Energy was the top-performing sector in the first half of 2021; Biden vows to raise taxes on fossil fuel companies as gas prices spike; NYMEX Henry Hub gas futures rally reaches its end, but strong fundamentals remain; INTERNATIONAL: Tokyo Gas to start methanation pilot programme by end-March; Oil could jump towards $80 in days.
Read More “Other Stories of Interest: Thu, Jul 8, 2021”

NATIONAL: Biden spokesperson says admin wants ‘affordable and reliable energy’; As OPEC+ talks stall, US shale producers hedge their bets; U.S. shale firms hesitate to pump or hedge more, despite oil high prices; OPEC, Biden and gas prices; INTERNATIONAL: What next for OPEC+?
Read More “Other Stories of Interest: Wed, Jul 7, 2021”

OTHER U.S. REGIONS: Permian oil patch faces economic conundrum as efficiencies reduce workforce; NATIONAL: Rigs added in Permian, Marcellus as U.S. drilling count continues uptrend; President Biden’s climate plan is more revolution than transition; Will crude oil hit $100 a barrel?; As U.S. temperatures spike, so does the need for natural gas; ExxonMobil employs lobbyists? Who knew?; INTERNATIONAL: Energy inflation gathers pace in Europe; Slave labor builds solar panels to signal your virtues.
Read More “Other Stories of Interest: Tue, Jul 6, 2021”

MARCELLUS/UTICA REGION: NYC hates nuclear power and natural gas – now they have to turn off their air conditioners; NATIONAL: US weekly LNG exports and Henry Hub price rise; Shadow lenders take over in the U.S. shale patch; Video: China, Universities & Climate Change; INTERNATIONAL: Oil prices end trading day above $75; Global natural gas benchmarks to rise through 2023 amid supply deficit.
Read More “Other Stories of Interest: Fri, Jul 2, 2021”

MARCELLUS/UTICA REGION: Trucking opportunities get a boost with Cabot funding; Ohio Oil, Gas Association honors Don and Gene Huck; Finish the MVP – it helps Franklin County; OTHER U.S. REGIONS: Natural gas to gasoline; NATIONAL: Biden admin fights another Canadian oil export pipeline; Two former energy secretaries say foreign demand for U.S. LNG “simply astounding”; Natural gas markets running out of steam?; INTERNATIONAL: Exxon faces embarrassing lobbyist comments in leaked video.
Read More “Other Stories of Interest: Thu, Jul 1, 2021”

MARCELLUS/UTICA REGION: Shale Academy preparing for upcoming school year; OTHER U.S. REGIONS: Driftwood LNG enters into long-term lease with Lake Charles; Tellurian weighs ‘business combination’ to aid upstream plan tied to Driftwood LNG; Texas upstream employment continuing to rise, with job count up sharply; New Mexico becomes No. 2 crude producer; NATIONAL: Former Texas driller shifts focus to plugging old wells; Biden-backed carbon border tax faces fight from developing world; SEC commissioner says exec. comp should be tied to ESG; Cummins to produce natural gas fuel delivery systems; INTERNATIONAL: Oil prices advance as OPEC+ deals with setback; Limited prospect of global LNG market softening in 2022.
Read More “Other Stories of Interest: Wed, Jun 30, 2021”

MARCELLUS/UTICA REGION: Naming names: FirstEnergy says it gave $20M to a dark money group; NATIONAL: USA oil refiners score Supreme Court victory; Thwarted Trump oil buy would have given Biden $6B; The case for a longer-term oil and gas bull market; Democrats in oil country worried by party’s natural-gas agenda; Supercritical CO2 for long-haul piping and enhanced oil recovery; Larger solar power plants increase local temperatures; INTERNATIONAL: BP looking to hydrogen expansion to ‘reinvent’ natural gas.
Read More “Other Stories of Interest: Tue, Jun 29, 2021”

MARCELLUS/UTICA REGION: Global Compression Services opens new facility to serve Marcellus shale market; OTHER U.S. REGIONS: Blackouts loom in California as electricity prices are ‘absolutely exploding’; NATIONAL: $70+ oil prompts concerns in oilfield services; Backfire…new Center for Climate Integrity poll undercuts own arguments; Congress approves restoration of Obama-era methane rules for oil, natural gas industry; Harold Hamm on us oil’s latest milestone moment; INTERNATIONAL: Phasing out coal will require Germany to build new gas plants.
Read More “Other Stories of Interest: Mon, Jun 28, 2021”

OTHER U.S. REGIONS: NC Gov. Cooper nominates former DEQ lobbyist Elizabeth Biser to lead agency; NATIONAL: U.S. ethane exports surge with additional export capacity and expanded tanker fleet; FERC establishes Office of Public Participation; INTERNATIONAL: China to use more natural gas in energy mix to 2035.
Read More “Other Stories of Interest: Fri, Jun 25, 2021”

MARCELLUS/UTICA REGION: Natural gas company donates $10K to food bank; OTHER U.S. REGIONS: Dallas Fed says E&P, OFS execs optimistic for higher Henry Hub, WTI prices; Exxon must face Massachusetts lawsuit alleging climate change deceit; NATIONAL: Oil prices finish higher amid overbought signs; Shale output flat despite 400% jump in frac crews; Mont Belvieu propane prices top $1 a gallon; how high will they need to go?; No plan ‘right now’ to permanently ban new oil and gas leasing, Haaland says; Climate policy by judicial decree; INTERNATIONAL: Power CEOs defend role for natgas in shift to climate-friendly grid; How Vladimir Putin uses natural gas to exert Russian influence and punish his enemies.
Read More “Other Stories of Interest: Thu, Jun 24, 2021”

MARCELLUS/UTICA REGION: Pipelines deliver the energy that powers Pennsylvania – and the U.S.; OTHER U.S. REGIONS: Is wider well spacing leading to better performance?; NATIONAL: Biden admin crackdown prompts refinery closure; INTERNATIONAL: BP to stick with oil and gas for decades, CEO says; European natural gas prices hit highest level in over a decade; Oil prices falter amid OPEC+ meeting rumors; China on top of the LNG market.
Read More “Other Stories of Interest: Wed, Jun 23, 2021”

MARCELLUS/UTICA REGION: Cimarex upgraded to Buy at BofA in spite of Cabot deal that ‘may not close’; Rice Acquisition IPO raises $345M; We must invest in pipeline infrastructure; NATIONAL: Court finds environmentalists’ challenge to Trump NEPA rule too early in process; Exxon Mobil to cut us workforce by up to 10% annually; INTERNATIONAL: Russian drillers rejoice as oil continues to rally.
Read More “Other Stories of Interest: Tue, Jun 22, 2021”