Best of the Rest

MARCELLUS/UTICA REGION: Chesapeake Energy goes bankrupt. Will it spur the industry to police its own?; Oilfield Basics signs partnership with leading oil & gas data analytics company; OTHER U.S. REGIONS: San Francisco may prohibit natural gas in new buildings; NATIONAL: Rystad Energy study links sand proppant type to decreased oil & gas production and profitability; Democrats $1.5 trillion infrastructure plan kicks bipartisanship and common sense to the curb; INTERNATIONAL: Saudi Aramco CEO Amin H. Nasser says the “worst is behind us” in oil markets; Saudi Arabia eyes total dominance in oil and gas.
Read More “Shale Energy Stories of Interest: Wed, Jul 1, 2020”

MARCELLUS/UTICA REGION: Construction worker “lucky to be alive” following incident at Wellsburg Bridge site; OTHER U.S. REGIONS: DTE Energy extends net zero goal to include gas company; Minnesota sues Exxon, Koch over climate change; NATIONAL: U.S. commercial crude oil inventories reach all-time high; Oil at $30 may be enough to revive shale activity, say drillers; Shale fracking returns, tapping huge glut of idled equipment; INTERNATIONAL: BP sells petrochemicals business to Ineos for $5 billion; India courts foreign investment to boost natural gas use.
Read More “Shale Energy Stories of Interest: Tue, Jun 30, 2020”

MARCELLUS/UTICA REGION: PA Treasurer calls on U.S. supermarkets to reduce emissions of pollutants; PA DEP awards over $434,000 in environmental education grants; OTHER U.S. REGIONS: Looks like city will ban natural gas after councilwoman gets go-ahead from state agency; NATIONAL: U.S. refinery capacity sets new record as of January 1, 2020; US propane supplies looking tighter later in 2020; 30% of U.S. shale drillers could go under; INTERNATIONAL: Russia’s Nord Stream II handed a potential death knell.
Read More “Shale Energy Stories of Interest: Mon, Jun 29, 2020”

MARCELLUS/UTICA REGION: In New York, the Town of Freedom isn’t free from big wind; OTHER U.S. REGIONS: Investment venture buys Dover natural gas plant; Colorado activists revive anti-fracking ballot initiative; District of Columbia sues four oil majors for misleading consumers on climate change; NATIONAL: U.S. crude oil and natural gas production in 2019 hit records with fewer rigs and wells; Long-lasting shale slowdown leads to a sense of malaise.
Read More “Shale Energy Stories of Interest: Fri, Jun 26, 2020”

MARCELLUS/UTICA REGION: WV oil and gas office faces budget shortfall, anticipates layoffs; OTHER U.S. REGIONS: Oil, natural gas activity across Louisiana, New Mexico and Texas still grim, says Dallas Fed; NATIONAL: North America associated natural gas recovery not seen before 2022; INTERNATIONAL: Russia takes a leaf out the U.S. shale oil playbook; The US is defending Europe by blocking Putin’s pipeline; Shell CEO sees COVID-19 as opportunity for ‘green recovery,’ as net-zero emissions goals advance; How Russian and Saudi oil ties to China complicate the post-pandemic world.
Read More “Shale Energy Stories of Interest: Thu, Jun 25, 2020”

MARCELLUS/UTICA REGION: Economic reopening: Manufacturing opportunities for Pennsylvania; Small group of antis launch website to oppose Wyalusing LNG export plant; Southwest Pa.’s energy dominance can help counter China; OTHER U.S. REGIONS: Cryptocurrency mining company eyes flared gas in Permian Basin; NATIONAL: Poll: Young voters see natural gas as critical to U.S. economy; Oil prices continue their rise, albeit slowly, since April’s crash; INTERNATIONAL: Vatican calls for carbon tax, investing in alternative energy; Global gas production set to tumble in 2020; Al Gore and the post-pandemic green dictatorship.
Read More “Shale Energy Stories of Interest: Wed, Jun 24, 2020”

OTHER U.S. REGIONS: Tellurian names Souki as executive chairman; NATIONAL: Oilfield services and equipment sector loses 15,000 jobs in May; U.S. feed gas deliveries for LNG rebounds, but more cargo cancellations likely; Trump administration allows Chesapeake to suspend drilling on over 100 leases; KBR to focus on government contracts, quit natural gas, energy business; Supreme Court unleashing power over pipelines, natural gas; INTERNATIONAL: Everyone suddenly wants higher oil prices; India launches its first natural gas exchange.
Read More “Shale Energy Stories of Interest: Tue, Jun 23, 2020”

MARCELLUS/UTICA REGION: W.Va. natural gas industry works through pandemic; OTHER U.S. REGIONS: Texas court criticizes climate “lawfare” against energy producers; NATIONAL: United States’ LNG exports slip in April; The green civil war; INTERNATIONAL: Higher Western Canada spot prices limit U.S. natural gas imports from Canada; ‘Fracking is over’ in UK, energy minister says; Shock finding? China is the world’s biggest energy producer.
Read More “Shale Energy Stories of Interest: Mon, Jun 22, 2020”

OTHER U.S. REGIONS: Ovintiv lays off 25% of workforce after oil demand slumps; Report details benefits of natural gas across Illinois, especially during COVID-19 recovery; NATIONAL: Dow, Shell announce joint plans to develop electric cracking technology; The oil and gas situation: the E&P sector faces a reckoning; Failing cities and states use climate change lawsuits as fiscal escape hatch; INTERNATIONAL: 800 Enbridge workers voluntarily leaving company.
Read More “Shale Energy Stories of Interest: Fri, Jun 19, 2020”

MARCELLUS/UTICA REGION: ‘Desperate’ to get natural gas out of Appalachia, pipeline builders face long battle; OTHER U.S. REGIONS: WE Energies eyes Ixonia for gas storage facility; Officials want emails with climate activists and private lawyers kept from public; NATIONAL: US shale companies to boost oil output by 500,000 bpd by month-end; INTERNATIONAL: Why natural-gas prices haven’t yet bottomed despite this year’s 20% drop; U.S. is the surprising winner in China’s LNG market; Saudi oil exports to U.S. plunge toward lowest level in 35 years.
Read More “Shale Energy Stories of Interest: Thu, Jun 18, 2020”

MARCELLUS/UTICA REGION: NY, PA offer vastly different approaches to natural gas; W&J speaker sees positives ahead for oil and gas; PennEast Pipeline – update on request for Supreme Court review; OTHER U.S. REGIONS: US fracking backlog grows to 25 months: Rystad Energy; NATIONAL: Chesapeake reportedly skips interest payment; DOJ petitions the U.S. Supreme Court to stay NWP 12 permit ruling; INTERNATIONAL: As Chinese LNG imports increase, U.S. gains market share.
Read More “Shale Energy Stories of Interest: Wed, Jun 17, 2020”

OTHER U.S. REGIONS: Stanford will not divest from fossil fuels, Board of Trustees decides; NATIONAL: Spike in U.S. LNG imports seen unlikely, but ‘anything can happen’ in distressed market; The ‘’second wave’’ of COVID-19 could crush oil markets; Will America’s pipeline operators survive the oil crisis?; The U.S. has already lost more than 100,000 oil and gas jobs; Banks cut shale drillers’ lifelines as losses mount; U.S. Democratic Party irked by council’s ‘insurgent’ climate plan; INTERNATIONAL: BC LNG Alliance announces rebranding, citing fuel’s importance for all of Canada.
Read More “Shale Energy Stories of Interest: Tue, Jun 16, 2020”

MARCELLUS/UTICA REGION: Natural gas industry adapts to ‘new normal’ of pandemic; OTHER U.S. REGIONS: Texas oil, natural gas sector sees $30-59 WTI by next May, views Biden as biggest threat; NATIONAL: 97% Myth (video); The end of petroleum products would be the end of society as we know it; INTERNATIONAL: New York lender JPMorgan says Saudi’s oil market share set to hit the peak of 1980s; Covid: OPEC gets chance to gain upper hand in long battle with shale production.
Read More “Shale Energy Stories of Interest: Mon, Jun 15, 2020”

MARCELLUS/UTICA REGION: New natural gas service begins in Centre Hall; Delaware River Basin Commission faces pressure to reject PennEast pipeline; NATIONAL: North American 2020 upstream spending down 42%, back to pre-shale era; ‘Sold!’ Auctioneers race to unload oil equipment as U.S. drilling dries up; The unique ways oil companies are looking to avoid bankruptcy; US weekly LNG exports drop to just five cargoes; From standstill, America’s oil frackers plot a slow, careful return; INTERNATIONAL: Can the U.S. Senate stop Germany’s gas pipeline from Russia in a post-coronavirus world?
Read More “Shale Energy Stories of Interest: Fri, Jun 12, 2020”

OTHER U.S. REGIONS: Natural gas supply from Oklahoma to Upper Midwest plummets over past month; NATIONAL: EIA expects 2020 summer U.S. electricity demand to be lowest since 2009; The mood in U.S. shale slowly shifts to one of cautious optimism about the future; INTERNATIONAL: Asia’s saturated market pushes Australia LNG cargo to Mexico in a rare trade; The world’s top LNG trader is predicting a natural gas comeback.
Read More “Shale Energy Stories of Interest: Thu, Jun 11, 2020”

MARCELLUS/UTICA REGION: Pro-Trump PAC hits Biden on fracking and coal; Pa. House Speaker Mike Turzai expected to resign before the end of his term; NATIONAL: Natural gas beats renewables in providing steady, reliable power in emergencies; March saw major declines in U.S. demand for petroleum products; EIA’s 2021 Henry Hub price forecast leaps to $3.08 on rising demand, production declines; RNG’s climate benefits in reducing GHG questioned; ConocoPhillips’s CTO: the shale revolution will be digitized; Shale companies look to bolster insurance for directors and officers; Beyond just the rig count; As Big Oil job cuts mount, spare a thought for the workers; INTERNATIONAL: Manufacturing holds key to recovery of oil and gas markets; Is it time for shale producers to coordinate with OPEC+?; For the developing world a ‘green’ post-pandemic reset is a luxury, not a necessity.
Read More “Shale Energy Stories of Interest: Wed, Jun 10, 2020”