Best of the Rest

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”

NATIONAL: Energy Transfer and Sunoco donate over $1.5 million to benefit pediatric cancer patients; Biden introduces his climate team, says ‘no time to waste’; Bankruptcy-hit US operators set to lose a quarter of oil production in 2021; S&P Global Platts urges caution for energy companies in 2021; What Biden executive orders could mean for the energy sector; U.S. propane prices spike; December exports soar to all-time highs; INTERNATIONAL: Fuel demand in India is soaring despite pandemic.
Read More “Other Stories of Interest: Mon, Dec 21, 2020”

OTHER U.S. REGIONS: Californians can now pay more to get natural gas from cow manure; NATIONAL: Williams’ deal with Chesapeake wins bankruptcy court approval; U.S. shale patch reduced breakeven costs by 20% this year; Ovintiv targets 33% reduction in methane intensity by 2025; Biden pick for US Interior post seen potentially curbing fossil fuel development; Biden names Michael Regan as EPA head; 2020 in review: one of the oil and gas industry’s worst years approaches a merciful end; INTERNATIONAL: U.S. backs EastMed pipeline to supply gas to Europe.
Read More “Other Stories of Interest: Fri, Dec 18, 2020”

NATIONAL: U.S. liquefied natural gas exports set a record in November; Centrist group urges Biden to strike bargain on gas as part of clean energy grid; Downhole drilling player expands U.S. footprint; INTERNATIONAL: ‘There is hardly any gas’: LNG price rally exacerbates gas crunch in Asia.
Read More “Other Stories of Interest: Thu, Dec 17, 2020”

MARCELLUS/UTICA REGION: Brooke County Board of Education approves lease; OTHER U.S. REGIONS: California’s natural gas bans are drawing fire from black and Latino leaders; NATIONAL: TC Energy to acquire all outstanding common units of TC PipeLines, LP; Another green subsidy bust from Obama/Biden; Gina McCarthy emerges as top choice for climate adviser; U.S. shale should be worried about ‘very aggressive’ policies coming from Washington; INTERNATIONAL: China buying more U.S. LNG to meet winter demand, but still far below phase one targets; As people rush for their Christmas shopping, young say no to fast fashion.
Read More “Other Stories of Interest: Wed, Dec 16, 2020”

OTHER U.S. REGIONS: Calcasieu Pass LNG project ahead of schedule, CEO says; NATIONAL: The Stealth Green New Deal; Flexible cement is made to fill the fine gaps around leaky gas wells; Biden eyes new EPA picks as Nichols falls from favor; Federal Reserve steps up climate-change response, backlash from House Republicans; North Face joins growing corporate hypocrisy against oil & gas industry; INTERNATIONAL: Bombshell report pours cold water on global LNG outlook.
Read More “Other Stories of Interest: Tue, Dec 15, 2020”

OTHER U.S. REGIONS: Natural-gas ads shouldn’t have gone on buses, King County Metro Transit says; NATIONAL: Don’t count out the U.S. oil & gas industry just yet; Energy executives must plan for their world to change as January 20th approaches; Financial results, bankruptcy filings, and mergers separate E&P winners, losers; INTERNATIONAL: Global oil demand rebound to accelerate in second half 2021; Nord Stream 2 construction continues despite delays; Fracking’s future looks bleak as Cuadrilla gives up its drilling licence in Lancashire.
Read More “Other Stories of Interest: Mon, Dec 14, 2020”