Best of the Rest

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”

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”