Best of the Rest

OTHER U.S. REGIONS: Texas natural gas is saving the day for one Texan arse after another; Texas freeze allows Jerry Jones’ natural gas company to “hit jackpot”; This blizzard exposes the perils of attempting to ‘electrify everything’; Texas Gov. Abbott orders no exporting by natural gas producers through Feb. 21; NATIONAL: EIA forecasts the U.S. will import more petroleum than it exports in 2021 and 2022; US gas supply crunch hits wider market amid historic freeze-off, record prices; Shale rig owner touts new price model as drilling speeds up; Tech-savvy entrepreneurs make inroads into fracking operations in shale oil and gas; INTERNATIONAL: Saudi Arabia set to raise oil output amid recovery in prices.
Read More “Other Stories of Interest: Thu, Feb 18, 2021”

MARCELLUS/UTICA REGION: Rep. Balderson calls report stating decline of oil, gas industry “misleading”; Fetterman signs no fossil fuel money pledge; OTHER U.S. REGIONS: Washington State Republicans speak out against natural gas bill; NATIONAL: Some U.S. ethanol producers reduce production to sell natural gas for a profit; Natural gas shortage forces feedyards to reformulate feed, packing plants pause production; Auctioning Blackouts (video); INTERNATIONAL: LNG import terminals in India, Europe to add capacity as demand grows; Japan’s LNG imports up in January.
Read More “Other Stories of Interest: Wed, Feb 17, 2021”

MARCELLUS/UTICA REGION: US gas midstream sale weighs down Dominion Energy 2020 results; OTHER U.S. REGIONS: Black Hills CEO says ‘lethal’ if natural gas bans enacted in service territories; NATIONAL: Helmerich & Payne: clear signs of a turnaround; Is the anti-oil movement installing the next recession?; INTERNATIONAL: Oil prices hit critical threshold for OPEC+.
Read More “Other Stories of Interest: Tue, Feb 16, 2021”

MARCELLUS/UTICA REGION: Moody and Associates is yet another Marcellus shale success story; OTHER U.S. REGIONS: Gas processing build-out continues in Permian’s Delaware basin; NATIONAL: Cheniere asks to put Corpus Christi LNG train 3 in service; EIA’s AEO2021 shows U.S. energy-related CO2 emissions rising after the mid-2030s; Chesapeake Energy emerges from bankruptcy, with a return to its roots in natural gas; Despite Covid-19, US oil and natural gas exports hitting record levels; Alternative debt universe for oil and gas; A startup using a new tech to make hydrogen extracts cash from Bill Gates’ climate tech fund; INTERNATIONAL: Qatar ramps up pressure on U.S. LNG producers with major expansion.
Read More “Other Stories of Interest: Fri, Feb 12, 2021”

OTHER U.S. REGIONS: New Mexico and Texas officials give dire warnings over federal lands ban impacts; Oil and gas coalition aims to end routine flaring by 2030; Rockland Council to hold meeting on natural gas project; NATIONAL: Shale rig owner touts new price model as drilling speeds up; EIA lifts forecasts for US gas production, trims 2021 price estimates; A look at Chesapeake energy’s exit from bankruptcy; First Keystone XL, now Dakota Access: pipeline politics swirl around Biden; INTERNATIONAL: Poland’s LNG imports again jump as Russian supplies decline; Germany claims emissions success yet becomes more dependent than ever on Russia?
Read More “Other Stories of Interest: Thu, Feb 11, 2021”

OTHER U.S. REGIONS: CELDF defeated in court (again), this time in small NH town; Biden drilling ban forces Democratic-led New Mexico to reckon with oil dependence; NATIONAL: Heating and petrochemical demand in Asia contribute to more U.S. propane exports; LNG exports rise to boost Henry Hub prices; Billionaire names oil stocks he calls ‘the investment opportunity of my career’; Fracking ramps back up as crude oil becomes a hot commodity again; Exxon’s well-timed hop onto carbon-capture bandwagon; INTERNATIONAL: Total rebrands in pivot away from oil after better quarter.
Read More “Other Stories of Interest: Wed, Feb 10, 2021”

MARCELLUS/UTICA REGION: The potential of natural gas; OTHER U.S. REGIONS: Coalition promotes Rockies’ motherlode of natural gas as source for overseas markets; NATIONAL: Major gas pipelines face over 2.6 million Dth/d of expiring contracts in Q1; Electric vehicles could be ‘imperfect substitutes’ for gas-powered cars, new study suggests; The spiralling environmental cost of our lithium battery addiction; Chevron may not be an oil-first company in 2040, CEO says; President Biden’s executive order could hurt helium production; US unions, environmentalists disagree about oil and gas pipelines; February polar vortex effect puts $3/MMBtu gas prices back in play; Oilfield services sector adds jobs for fifth consecutive month; INTERNATIONAL: Japanese spot LNG prices hit historic highs; Crude oil futures climb as pandemic concerns recede, tight supply.
Read More “Other Stories of Interest: Tue, Feb 9, 2021”

MARCELLUS/UTICA REGION: Hindering natural gas development could hurt the economic recovery from COVID-19; Newly formed GO-West Virginia organization prepares for legislative session, Biden administration; NATIONAL: EIA’s liquids pipeline database shows infrastructure changes and project statuses; Amazon orders hundreds of trucks that run on natural gas; Frigid weather blasting into propane country – markets brace for supply disruptions; Biden’s ‘green energy jobs’ really means ‘no energy jobs’ and ‘low-paying energy jobs’; John Kerry took private jet to Iceland for environmental award; INTERNATIONAL: A gas-based economy is what India needs today: PM Narendra Modi; The outlook for LNG as a marine fuel.
Read More “Other Stories of Interest: Mon, Feb 8, 2021”

NATIONAL: Will clean shale push repel Biden climate attack?; EPA nixes Trump-era objection to Sierra Club-DTE energy deal; “Hydrogen Forward” Coalition formed to advance hydrogen in the U.S.; Independent producers meet with Chairman Manchin; INTERNATIONAL: How fossil fuels are being used to reduce carbon dioxide emissions.
Read More “Other Stories of Interest: Fri, Feb 5, 2021”

MARCELLUS/UTICA REGION: Off to the RACES: Natural gas equities lapping FAANG stocks; Severance tax would hobble energy production in Pennsylvania; Pipeline delays hurt Pennsylvania economy; NATIONAL: DOE Secretary Designate Granholm signals support for U.S. LNG exports; Biden’s EPA nominee vows ‘urgency’ on climate change; New FERC member backs up-front, ‘robust’ vetting in gas project reviews; Biden plan for energy sector would make OPEC great again; INTERNATIONAL: Panama Canal hits LNG transit record.
Read More “Other Stories of Interest: Thu, Feb 4, 2021”

MARCELLUS/UTICA REGION: Epsilon Energy Ltd. announces changes to the board of directors; OTHER U.S. REGIONS: TVA proposes to build new gas plants at shuttered coal sites; NATIONAL: ExxonMobil caps year from hell with $22 billion loss, as activists demand big change; Biden’s Keystone XL order hurts America’s ability to do the big things; Global energy & infrastructure leader K.W. Miller slams Biden agenda to destroy U.S. energy and industrial output.
Read More “Other Stories of Interest: Wed, Feb 3, 2021”

MARCELLUS/UTICA REGION: Natural gas production far exceeded consumption in West Virginia in 2019; Struzzi to Wolf: enough is enough (re severance tax); Industry says Gov. Wolf should attack COVID, not Pennsylvania’s energy producers; OTHER U.S. REGIONS: Seattle City Council passes measure to end most natural gas use in commercial buildings and some apartments; Exelon threatens to mothball four nuclear power plants unless paid a premium for their zero-carbon electricity; NATIONAL: The seven elements of our odious American oligarchy; U.S. shale: Biden’s drilling ban actually undermines emission targets; Oil companies push ‘clean shale’ amid Biden’s moves on fossil fuels; Wintry weather lifts natural-gas prices; Exxon Mobil, Chevron CEOs discussed merger; INTERNATIONAL: Shell, C3 AI, Baker Hughes, and Microsoft launch the Open AI Energy Initiative; How fossil fuels are saving lives in developing countries.
Read More “Other Stories of Interest: Tue, Feb 2, 2021”

MARCELLUS/UTICA REGION: W.Va.’s Manchin: Market will settle debate over fossil fuels, climate change, renewable energy; De Blasio moves to ban natural gas hookups: ‘Literally’ our ‘only choice is renewable energy’; NATIONAL: U.S. shale ponders the unexpected: what to do with coming cash windfall?; Joe Biden goes to war with oil, and will lose; Lawsuit argues Biden’s executive order conflicts with existing laws; Tribes exempt from pause in U.S. federal drilling program; Mineral and royalty valuations remain low amid recent oil price gains; Biden revokes oil drilling permits for additional review; INTERNATIONAL: EIA estimates that global petroleum liquids consumption dropped 9% in 2020; Fossil fuel transition: Expect oil price spikes as capital investment declines; China CO2 Pledge (video).
Read More “Other Stories of Interest: Mon, Feb 1, 2021”

MARCELLUS/UTICA REGION: Pain of natural gas price drop spreads to Pa. agencies, communities; NATIONAL: General Motors to go all-electric by 2035; Biden makes it OK for banks to discriminate against fossil fuel companies; US natural gas in storage falls less than expected but massive draw looms; Biden administration sued for halting oil, gas leasing on federal lands; INTERNATIONAL: Global natural gas demand set to rebound after pandemic shock; Gas tycoon Charif Souki urges industry to clean up under Biden; Crude prices could surge to $80/bl in 2021.
Read More “Other Stories of Interest: Fri, Jan 29, 2021”

MARCELLUS/UTICA REGION: Energy industry terms Biden lease moratorium a blow to Pennsylvania; NATIONAL: Like fracking under Obama, mining poised to grow during Biden years; Laid-off Keystone XL worker says decision to cancel pipeline ‘is going to hurt a lot of people’; Top technologies transforming energy in 2021; Biden’s “climate day” will live in infamy.
Read More “Other Stories of Interest: Thu, Jan 28, 2021”

MARCELLUS/UTICA REGION: Pennsylvania’s energy industry share thoughts on Biden’s new policies; OTHER U.S. REGIONS: Denver aims to ban natural gas from the menu of energy options for new homes and buildings; Biden federal land permitting moratorium shocks New Mexico; Utilities warn natural gas ban will raise rates, threaten grid; NATIONAL: Energy lenders optimistic on continued oil, gas recovery; U.S. gas market tightens despite mild winter; U.S. propane prices spike, then ricochet. What’s next in 2021?; Oil companies could make millions if required to capture natural gas; AEA’s top ten questions for Jennifer Granholm; INTERNATIONAL: Why Gazprom cut gas supply to Europe amid rising prices; Alberta premier calls Biden’s XL cancellation a ‘gut punch’ for U.S.-Canada trade relationship.
Read More “Other Stories of Interest: Wed, Jan 27, 2021”