Best of the Rest

MARCELLUS/UTICA REGION: Biden environmental moves show tension between WV enviro advocates and congressional leaders; OTHER U.S. REGIONS: Gov. Inslee wants all homes converted to electric heat and water by 2050; DTE Energy launches program allowing customers to reduce their carbon footprint; NATIONAL: President Biden follows through on his promise (implications on energy markets going forward).
Read More “Other Stories of Interest: Tue, Jan 26, 2021”

MARCELLUS/UTICA REGION: Consistency needed in pipeline permitting process; OTHER U.S. REGIONS: Elon Musk’s SpaceX reportedly plans to drill near a Texas launchpad for natural gas; New Mexico officials taken aback by Biden assault on oil and gas; NATIONAL: Biden admin acknowledges suspending new federal permits is only the beginning; Biden fracking policy and why exposed E&Ps do not care; Biden’s fossil-fuel freeze; In 2019, oil and lease condensate proved reserves were flat; natural gas reserves declined; A mild winter continues low U.S. natural gas prices; Biden’s fiscal and climate priorities may support oil prices, says Goldman Sachs; Energy sector predictions for 2021; INTERNATIONAL: BP launches direct sales of LNG in China; Oilfield service companies see drilling rebound everywhere but the U.S.
Read More “Other Stories of Interest: Mon, Jan 25, 2021”

MARCELLUS/UTICA REGION: Change at White House could mean change on future of fossil fuels in West Virginia; OTHER U.S. REGIONS: Regulators deny permit for $2B methanol project in Washington; NATIONAL: EIA expects crude oil prices to average near $50 per barrel through 2022; Biden announces senior Dept. of Energy staff; Exelon applauds Biden Executive Orders on climate change, Paris treaty; On his first day, Biden insults Canada and ends thousands of jobs; Biden administration pauses federal drilling program in climate push; Temporary halt to oil leasing on federal lands: bad for America’s consumers and econ recovery; INTERNATIONAL: European Parliament reiterates call for Nord Stream 2 gas link to be halted; How TTF became a premier natural gas trading hub and global benchmark.
Read More “Other Stories of Interest: Fri, Jan 22, 2021”

NATIONAL: Kinder Morgan beats estimates, flags concerns on spending by shale producers; Biden nixes Keystone XL permit, halts Arctic refuge leasing; From Keystone XL to Paris Agreement, Joe Biden signals a shift away from fossil fuels; TC Energy disappointed with expected Executive Action revoking Keystone XL Presidential Permit; Earth to Joe Biden: canceling Keystone XL Pipeline is a gift to China and Russia; Court decision lets Biden set new emissions rules to meet Paris agreement climate goals.
Read More “Other Stories of Interest: Thu, Jan 21, 2021”

MARCELLUS/UTICA REGION: PA House reintroduces bill to limit regs as part of 2021 environmental agenda; NATIONAL: Largest single shipment of ethane heads to China after loading at US export facility; President Biden has limited flexibility in moving against oil industry; Validere and Xpansiv partner to attach ESG attributes to energy products; Fossil fuels’ place in a low-carbon future; INTERNATIONAL: U.S. imposes sanctions on vessel set to work on Nord Stream 2 pipeline; Canada pushes back on Biden plan to cancel Keystone XL.
Read More “Other Stories of Interest: Wed, Jan 20, 2021”

MARCELLUS/UTICA REGION: Utica Shale Academy receives new industrial maintenance equipment; OTHER U.S. REGIONS: California blackouts said caused by poor planning, under-used natural gas supply; NATIONAL: U.S. shale producers lock in future sales as oil prices rise to one-year high; Keystone XL commits to become first pipeline to be fully powered by renewable energy; Keystone pipeline: Biden ‘to cancel it on his first day’; U.S. LNG exports, average prices climb in November; Fossil fuel production expected to increase through 2022 but remain below 2019 peak; Global oil, gas workforce facing ‘crisis of confidence’ in wake of COVID-19; INTERNATIONAL: Rolls-Royce engines picked for world’s first LNG-hybrid tug; IEA calls for ‘urgent’ action to cut methane emissions from oil, gas sector; France’s Total quits top U.S. oil lobby in climate split.
Read More “Other Stories of Interest: Tue, Jan 19, 2021”

MARCELLUS/UTICA REGION: Corning Natural Gas to be acquired by Argo Infrastructure Partners for $150 million; NATIONAL: EIA expects higher wholesale U.S. natural gas prices in 2021 and 2022; API looking for common ground to preserve U.S. energy dominance as Dems take control; The future of work in oil, gas and chemicals; Third of oil and gas workers faced pay cut in 2020 due to pandemic; INTERNATIONAL: The Biden administration and energy Part II – international relations; NFE to acquire Hygo Energy Transition and Golar LNG Partners in Combined $5 billion transaction; NFE to acquire power purchase agreements and build LNG-to-power project at Suape Port in Brazil.
Read More “Other Stories of Interest: Thu, Jan 14, 2021”

MARCELLUS/UTICA REGION: EQT Foundation 2020 giving total exceeds $3.5M; OTHER U.S. REGIONS: Berkeley to consider ending sale of most gas, diesel vehicles; NATIONAL: Nuclear and coal will account for majority of U.S. generating capacity retirements in 2021; U.S. natural gas benchmark price possibly climbing to $3.50 amid robust LNG demand; Analysts expect US natural gas in storage to decline 123 Bcf; INTERNATIONAL: Japanese spot LNG price highest since December 2018; U.S. tells European companies they face sanctions risk on Nord Stream 2 pipeline.
Read More “Other Stories of Interest: Wed, Jan 13, 2021”

MARCELLUS/UTICA REGION: Shale gas pioneer Chesapeake Energy worth US$5.13 billion on bankruptcy exit; Antero Resources announces pricing of upsized $700 million offering of senior notes; Energy Transfer announces new Chief Financial Officer; NATIONAL: Higher North American natural gas prices forecast in 2021 as demand outpaces production; Global LNG shortage all but guarantees tight U.S. natural gas storage for the rest of 2021; Renewables account for most new U.S. electricity generating capacity in 2021; Fracking the virus: how oil and gas contribute to the fight against COVID-19; Unjust transition: anti-energy groups mock unemployed energy workers; Free speech is under major assault by Big Tech fascists; INTERNATIONAL: Why natural gas demand fell only slightly despite pandemic; Africa could be locked into fossil fuel future, warns new report; Cold snap sparks record rise in natural gas prices in Asia.
Read More “Other Stories of Interest: Tue, Jan 12, 2021”

OTHER U.S. REGIONS: New Mexican economists warn: Change course now; Electric heat in RI a bad idea; NATIONAL: Oil companies lock in drilling, challenging Biden on climate; OPEC crude output cuts should help U.S. shale profits in 2021; Shale will need more than $50 oil and a Saudi cut to boom again; With Democrat Senate majority, Biden has power to quickly undo trump regulatory rollbacks; Climate censorship (video); INTERNATIONAL: First supply of liquefied natural gas from Cheniere arrives in Taiwan.
Read More “Other Stories of Interest: Mon, Jan 11, 2021”

MARCELLUS/UTICA REGION: Pennsylvania DEP Policy Director calls State Rep environmental criminal; NATIONAL: Enverus: expect hot oil & gas M&A market to slow in 2021; Schumer now under pressure from green left.
Read More “Other Stories of Interest: Fri, Jan 8, 2021”

MARCELLUS/UTICA REGION: 38 green groups urge DEP to deny PennEast permits in advance of Jan. 13 hearing; Truckers making it happen in gas fields of northeast Pennsylvania; OTHER U.S. REGIONS: Washington state proposes legislation to phase out natural gas utility service; Amid bullish outlook, Haynesville gas producers gear up for record output in 2021; NATIONAL: February natural gas futures soar to extend new year momentum; Crude oil prices briefly traded below $0 in spring 2020 but have since been mostly flat; Colder than usual winter boosts fossil fuel demand; Supreme Court hearing should signal shift from baseless lawsuits to realistic climate solutions; US extends 5 LNG export authorizations to 2050; Can renewables become as profitable as oil and gas?; INTERNATIONAL: Asia LNG prices skyrocket as buyers scramble for supplies amid cold snap, power shortages.
Read More “Other Stories of Interest: Thu, Jan 7, 2021”

MARCELLUS/UTICA REGION: Southwestern Energy issues statement on untimely passing of Julian Bott; OTHER U.S. REGIONS: California is closing the door to gas in new homes; NATIONAL: Liberty and Schlumberger close North American pressure pumping transaction; EIA releases new U.S. Energy Atlas with updated maps and enhanced navigation; The electric vehicle revolution: why the death of natural gas is greatly overstated; INTERNATIONAL: OPEC+ deliberations ongoing; Should oil markets brace for a U.S. shale comeback?
Read More “Other Stories of Interest: Tue, Jan 5, 2021”

MARCELLUS/UTICA REGION: Environmentalists see opportunity for legislature in 2021, but also expect repeats of old fights; DEP sets Jan. 13 virtual hearing on Chapter 102/105 permits for Phase I PennEast Pipeline project; Biden and Harris know energy development is a winning issue in Pennsylvania; OTHER U.S. REGIONS: Apparent radical leftist attack on gas lines in Colorado, leaving thousands without heat; Negotiators announce deal on climate change bill; Massachusetts will require all new cars sold be electric by 2035; NATIONAL: Evangelicals salute the Biden climate team; ‘A slap in the face’: The pandemic disrupts young oil careers; Why President Biden won’t be bad for natural gas; Five U.S. LNG projects get export term extended through 2050; US producers capture record volume of associated gas production in 2020; The top 10 RBN energy prognostications for 2021; John Kerry: false prophet of the climate apocalypse; INTERNATIONAL: Company produces methane-capturing face mask for cows.
Read More “Other Stories of Interest: Mon, Jan 4, 2021”

MARCELLUS/UTICA REGION: WV Gov. Jim Justice acknowledges Biden presidency, says U.S. is not ready to move away from coal and gas; OTHER U.S. REGIONS: Broadway Mill kicks coal after transition to natural gas completed; NATIONAL: The worst may be over for U.S. oil; U.S. shale oil just had its worst year and the pain could bleed into 2021; Biden’s Cabinet picks could fuel EPA, FERC pipeline wars; US natural gas in storage forecast to post another triple-digit withdrawal; INTERNATIONAL: Russia to U.S. President-elect: don’t upset the oil market.
Read More “Other Stories of Interest: Wed, Dec 23, 2020”

MARCELLUS/UTICA REGION: CNX helps bring virtual learning to West Greene students; OOGEEP educates record number of Ohioans on oil and gas industry; New York uses drones to find, plug ‘orphan’ gas wells; NATIONAL: Sen. Whitehouse’s call for climate inquisition undermines scientific research; US shale producers keep tight grip on purse strings; Natural gas – a very bullish weather scenario is developing; Once again, Congress reaches into taxpayer wallets for the renewable energy lobby; Republican threatens ‘brawl’ over Biden’s EPA, Interior picks; INTERNATIONAL: 5G could worsen “climate change,” claims French government advisor.
Read More “Other Stories of Interest: Tue, Dec 22, 2020”