Best of the Rest

MARCELLUS/UTICA REGION: EQT rolls back curtailments of natural gas production; Shareholders OK doubling of EQT’s authorized shares; OTHER U.S. REGIONS: Duke Energy’s natural gas plant near Asheville now producing power; NATIONAL: Frac is back; U.S. weekly LNG exports edge up; Is Warren Buffett right about natural gas?; COVID not done wreaking havoc on oil and gas industry; Natural gas rallies as traders eye Gulf of Mexico storm activity.
Read More “Shale Energy Stories of Interest: Fri, Jul 24, 2020”

MARCELLUS/UTICA REGION: Equitrans Midstream announces quarterly dividend; After drilling mishap condemns home, gas pipeline opponents ask to halt all work; OTHER U.S. REGIONS: Tellurian, Petronet renew Driftwood LNG talks; NATIONAL: Natural gas generation nabs growing share of installed U.S. microgrid capacity; Bounceback in U.S. shale oil output is unlikely to last the summer; Oil and gas companies tap DUC inventories to boost production at lower costs; Biden administration risk for energy sector reaches beyond domestic policy; Pipeline shutdown could hurt low-income Americans; Houston banks sell off energy loans, cut credit lines to oil and gas companies.
Read More “Shale Energy Stories of Interest: Thu, Jul 23, 2020”

MARCELLUS/UTICA REGION: Grand jury report on fracking will not help Pennsylvanians; Toomey and Heidelbaugh sign pro-natural gas group pledge; OTHER U.S. REGIONS: AG rejects Brookline’s ban on oil, gas pipes in new buildings; NATIONAL: Joe Biden’s climate and energy plan is a gift for China; Joe Biden’s carbon tax will cost uou $5.31/Mcf for natural gas; The new oil and gas governance.
Read More “Shale Energy Stories of Interest: Wed, Jul 22, 2020”

MARCELLUS/UTICA REGION: Wooing petrochemical plants in the age of COVID-19; Atlantic Coast Pipeline capacity hinders Cabot’s growth potential; OTHER U.S. REGIONS: California regulators reiterate support for gas phase out; Permian well shut-ins wind down, but natural declines extend oil, gas downturn; NATIONAL: Lawsuits seek transparency on coordination between state AG offices and outside organizations; EIA forecasts U.S. petroleum demand will remain below 2019 levels for several more months; URTeC 2020: Opening session speakers see industry recovering, but ESG issues loom large; Future-proofing gas generation for the coming carbon-free world; Nat gas prices crash as U.S. exports fall; INTERNATIONAL: New US sanctions block Putin’s pipeline despite Danish breakthrough; Russia and Saudi Arabia are rooting for Biden…Here’s why.
Read More “Shale Energy Stories of Interest: Tue, Jul 21, 2020”

MARCELLUS/UTICA REGION: Biden’s liberal climate policies feared by unions in Pennsylvania; Iroquois Gas Transmission donates $5K to Food Bank of Central New York; NATIONAL: Wave of North American oil and gas bankruptcies to continue at $40/bbl crude; Rex pipeline a ‘case study’ of long-haul woes; Shut down pipelines to save the environment? Think again; Ernst & Young reviews energy’s status at mid-year; Chesapeake Energy: common and preferred shares have no value; bonds may have some upside; INTERNATIONAL: LNG markets may not recover until 2021; China and Iran approach massive $400 billion deal.
Read More “Shale Energy Stories of Interest: Mon, Jul 20, 2020”

MARCELLUS/UTICA REGION: Royalty owners watching bankruptcy case; NATIONAL: Court blocks Trump effort to rescind Obama-era methane rule; COVID-19 mitigation has delayed construction of some electric generators; How one oil and gas company is innovating its way through the bust; INTERNATIONAL: Global recovery unlikely to be v-shaped, says Shell chief; U.S. threatens new sanctions on Russian gas projects: ‘get out now’.
Read More “Shale Energy Stories of Interest: Fri, Jul 17, 2020”

OTHER U.S. REGIONS: Dakota Access shutdown avoided (for now) as appeals court grants administrative stay; NATIONAL: Activist groups attack renewable natural gas despite environmental benefits; U.S. LNG exports’ slide continues in May.
Read More “Shale Energy Stories of Interest: Thu, Jul 16, 2020”

OTHER U.S. REGIONS: Weymouth officials say venting of natural gas allowed near compressor site; NATIONAL: Saying the quiet part out loud: anti-pipeline leader admits true motivation for activism; U.S. crude oil and natural gas production in April had biggest monthly decreases in years; Energy storage’s emerging challenge to natural gas in the power sector.
Read More “Shale Energy Stories of Interest: Wed, Jul 15, 2020”

MARCELLUS/UTICA REGION: Buffet to buy interest in Dominion Gas’ Cove Point; API Ohio welcomes new well plugging rules; OTHER U.S. REGIONS: U.S. Army Corps of Engineers to appeal Dakota Access shutdown; NATIONAL: U.S. Henry Hub natural gas spot prices reached record lows in the first half of 2020; Analyst sees more shale bankruptcies ahead; Will the left kill America’s energy dominance?; INTERNATIONAL: After decades of wrong predictions, oil may finally be peaking; Extending production cuts would be ‘suicidal’ for OPEC; Is the world ready for more OPEC and Russian oil?
Read More “Shale Energy Stories of Interest: Tue, Jul 14, 2020”

MARCELLUS/UTICA REGION: Pandemic, politics threaten Marcellus jobs; Riverkeeper says it wants a DRBC of unlimited power; OTHER U.S. REGIONS: Lebanon-Hanover natural gas project no longer in the pipeline; NATIONAL: In 2019, the United States produced and consumed record volumes of natural gas; U.S. drilling rig count lowest since 1975 as shale boom fades; Activist judges increasing risk to oil and gas companies.
Read More “Shale Energy Stories of Interest: Mon, Jul 13, 2020”

MARCELLUS/UTICA REGION: PA’s gas producers become a political football in new AG report; Crozier Welding, LLC plans $2.5M investment, creation of 15 new jobs in Coshocton; PennEast Pipeline partners still determined to build $1 billion pipeline project; Chesapeake Utilities announces Maryland PSC approval of Elkton Gas acquisition; OTHER U.S. REGIONS: Energy Transfer not yet shutting down Dakota Access crude pipeline as it renews stay request; NATIONAL: Electrification is a misguided approach to tackle climate change; Oil went below $0. Some think it will rebound to $150 one day.; Activists not only slow oil pipelines, but also power lines needed for renewable energy; Undone – U.S. LNG export demand unravels; INTERNATIONAL: OPEC Secretary General: “No objective whatsoever” to drive U.S. shale out of business; False Alarm: Bjorn Lomborg’s $69,000 reveal book; For power generation, U.S. LNG emits significantly less greenhouse gases.
Read More “Shale Energy Stories of Interest: Fri, Jul 10, 2020”

MARCELLUS/UTICA REGION: Scott Stringer burdens New York City taxpayers with his woke ways; OTHER U.S. REGIONS: Associated gas plays lead US production higher despite steady fall in rig count; The challenges posed by shutting down the Dakota Access crude pipeline; NATIONAL: Sec. of Energy: COVID-19 brought oil and gas down, but the Trump administration is powering a comeback; Demand destruction cuts U.S. LNG exports to more than 20-month low; Joe Biden recruits Tom Steyer as his climate change guru; Market rebalance underway after painful shock to the system; INTERNATIONAL: Russia-led Nord Stream 2 gas pipeline could be completed soon.
Read More “Shale Energy Stories of Interest: Thu, Jul 9, 2020”

MARCELLUS/UTICA REGION: Tackling the NY power sector; OTHER U.S. REGIONS: Pending Dakota Access oil pipe shutdown could mean extended well shut-ins; Judge denies initial stay request in Dakota Access shutdown order; NATIONAL: Law firm behind Washington D.C. climate lawsuit received $1.7 million in grant money from activist foundation; Buffett’s return to deal making may signal natural gas price bottom; INTERNATIONAL: Did Chinese agents try to stake out American natural gas plants with drones?
Read More “Shale Energy Stories of Interest: Wed, Jul 8, 2020”

MARCELLUS/UTICA REGION: Ohio Oil and Gas Energy Education Program announces new executive director; NATIONAL: Shale patch gets more than $2.4 billion in U.S. virus aid; INTERNATIONAL: New Fortress Energy significantly reduces future LNG supply costs for 2020; Down to handful of active rigs, Canada’s oil and gas drillers face permanent contraction.
Read More “Shale Energy Stories of Interest: Tue, Jul 7, 2020”

MARCELLUS/UTICA REGION: Shapiro goes full show trial to win over radical greens; Environmental policies stall critical energy projects, hamper economic growth; OTHER U.S. REGIONS: Permian Basin reclaims status as top destination for frac crews; NATIONAL: Joe Biden and OPEC threatening US oil independence; Oil industry leaders see tough times ahead; Rising demand and the lowest U.S. natural gas prices since 1995; Democrats unveil sweeping plan to tackle climate change; Natural gas: LNG exports hit new low; Wind Waste (video); INTERNATIONAL: Oil industry not dead yet despite disruptions.
Read More “Shale Energy Stories of Interest: Mon, Jul 6, 2020”

MARCELLUS/UTICA REGION: Pittsburgh cosponsors U.S. Conference of Mayors resolution calling on cities to divest from fossil fuels; 3 workers test positive at Shell construction site this month; RTC Partners completes investment in Hull & Associates; OTHER U.S. REGIONS: Which version of Hickenlooper will emerge in the general election?; NATIONAL: July bidweek gas reaches lowest levels of the year as production stabilizes.
Read More “Shale Energy Stories of Interest: Thu, Jul 2, 2020”