NATIONAL: EIA forecasts U.S. crude oil production to fall in 2020 and 2021; Could plugging orphan wells keep the suffering oil industry afloat?; INTERNATIONAL: Oil not alone as natural gas demand set for largest decline on record in 2020, IEA says; Asian LNG prices spike 20% as demand returns; Coronavirus and climate change: a tale of two hysterias.
Read More “Shale Energy Stories of Interest: Fri, May 15, 2020”
MARCELLUS/UTICA REGION: Methane leaks much worse than previously thought, study says; Range Resources shareholders OK compensation plan at annual meeting; OTHER U.S. REGIONS: Bakken gas supplies plunge as oil production pulls back; NATIONAL: EIA expects energy-related carbon dioxide emissions to fall 11% this year; Republicans urge Trump to bar banks from shunning fossil fuel loans, investments; FERC picks first-ever chief of LNG division.
Read More “Shale Energy Stories of Interest: Thu, May 14, 2020”
MARCELLUS/UTICA REGION: Encino Energy supports 630 frontline workers; Wolf’s severance tax proposal is not a COVID-19 cure-all; OTHER U.S. REGIONS: Top US gas basin for LNG exports set for potential 20% output decline; NATIONAL: EIA sees natural gas prices stiffening this year, HH to average $2.89 in 2021; US LNG feedgas deliveries drop to lowest level since October 2019; Factors influencing U.S. LNG offtaker decisions to lift vs. cancel cargoes; Energy Spectrum closes $969M midstream fund.
Read More “Shale Energy Stories of Interest: Wed, May 13, 2020”
MARCELLUS/UTICA REGION: The energy below: Fulbright scholar focuses on Utica Shale at Binghamton University; National Grid settles on two proposals to address looming NY gas shortage; OTHER U.S. REGIONS: Goodrich CEO strikes upbeat tone on natural gas price outlook; Manmade methane could replace natural gas, backers say; NATIONAL: What will follow the biggest us rig count collapse in history; Natural gas equities are just getting started; FERC expects minimal impact to operations after four workers test positive; Are we on the verge of a propane supply shortfall?; America’s oil and gas jobs could soon come roaring back.
Read More “Shale Energy Stories of Interest: Tue, May 12, 2020”
MARCELLUS/UTICA REGION: PA DEP Air Quality Advisory Committee takes no position on proposed carbon tax; OTHER U.S. REGIONS: Schlumberger plans to cut jobs in Houston; NATIONAL: U.S. drilling rig count lowest since 1975 as shale boom fades; Midstream companies are making deep cuts to capital spending; We disagree with you, so shut up – environmental left cage fight; Now more than ever, Americans must support oil and natural gas; INTERNATIONAL: Qatar uses market mayhem to secure top spot in global LNG market.
Read More “Shale Energy Stories of Interest: Mon, May 11, 2020”
MARCELLUS/UTICA REGION: New York fracking ban proves costly during pandemic; OTHER U.S. REGIONS: Virginia Natural Gas releases plan to hire dozens of workers in Hampton Roads; South Jersey Gas opens compressed natural gas station in Middle Township; NATIONAL: U.S. weekly LNG exports rise; Some shale drillers are restarting production at $25 oil; Oil rebound may have gone too far, based on just tentative supply and demand improvements; In fracking’s new world order, only the strongest will survive; Natural gas drops after rise in stockpiles; INTERNATIONAL: Trump’s removal of troops from Saudi Arabia is also about oil.
Read More “Shale Energy Stories of Interest: Fri, May 8, 2020”
MARCELLUS/UTICA REGION: Daily electricity demand in New York falls about 13% after COVID-19 mitigation efforts; New York City climate push; Pandemic hurts Marathon Petroleum; NATIONAL: Fringe Dems want to punish oil and gas workers during pandemic; States ask Trump administration to pay laid off oil workers to plug abandoned wells; The shale basins that have been hit hardest by the oil price crash; Shale drillers risk relapse into rampant oil output at $30 crude; Why eco-warriors’ bid to ban natural gas appliances is wrongheaded; INTERNATIONAL: Is the Kingdom of Saudi Arabia a vital ally?
Read More “Shale Energy Stories of Interest: Thu, May 7, 2020”
MARCELLUS/UTICA REGION: Pa. lawmakers discuss coronavirus during Think About Energy Forum; NATIONAL: Tetco explosion, more production cuts send natural gas futures blasting past $2/MMBtu; Natural gas breaks $2.00 on upside rally and next target; U.S. energy-related carbon dioxide fell by 2.8% in 2019, slightly below 2017 levels; This could be the beginning of a tremendous oil rally; Oil at $30 may be enough to revive shale activity, say drillers; Oil majors delay deals amid volatile crude prices, lockdowns; INTERNATIONAL: TC Energy says natural gas flows (so far) unaffected by COVID-19; The 2020 oil crash’s unlikely winner: Saudi Arabia; Trump told Saudi: Cut oil supply or lose U.S. military support.
Read More “Shale Energy Stories of Interest: Wed, May 6, 2020”
MARCELLUS/UTICA REGION: William Penn Foundation continues to buy off the DRBC; Natural gas drilling centered in Appalachian Basin, Haynesville; OTHER U.S. REGIONS: Frontier launches natural gas project; NATIONAL: U.S. nat gas lifts to 15-week high on more demand, less production.
Read More “Shale Energy Stories of Interest: Tue, May 5, 2020”
OTHER U.S. REGIONS: Exxon, Chevron slam brakes on shale as oil demand tumbles; Transitioning to natural gas powered (and quiet!) trucks; NATIONAL: Solar, wind energy struggle as coronavirus takes toll; Trump signs order to protect the U.S. electricity system; The Great Shale Shut-in has begun, making good on Trump’s pledge; Justifications, complications and ramifications of crude well shut-ins.
Read More “Shale Energy Stories of Interest: Mon, May 4, 2020”
MARCELLUS/UTICA REGION: Natural gas, manufacturing industries are an important asset; Equitrans delays quarterly earnings filing due to coronavirus; Indian Point nuclear plant near NYC closes; OTHER U.S. REGIONS: Cheniere chief says price negotiations, force majeures off the table during pandemic; NATIONAL: Small oil drillers are turning off taps more quickly than anticipated; Plan coming to assist oil, natural gas industry through pandemic, say Trump officials; Trump poised to unveil bridge loans for ailing oil companies; Low prices and depressed demand impact global oil and gas pipeline sector; INTERNATIONAL: In 2020 oil crisis, Russia seen coming out on top this time.
Read More “Shale Energy Stories of Interest: Fri, May 1, 2020”
OTHER U.S. REGIONS: Kinder Morgan’s NGPL declares force majeure on Sabine Pass gas flows; Texas Railroad Commission rolls out proposed order for crude oil production cuts; Opinion: Texas capping oil production? Chairman Wayne Christian picks a side; NATIONAL: Moody’s maintains natural gas price outlook; Blockchain’s value proposition in the oil and gas industry; Oil’s unbelievable fall must spark us energy dominance rethink; Democrats should support America’s oil industry; COVID-19: Energy supply chain companies support care givers and families; INTERNATIONAL: TC Energy completes the sale of Ontario natural gas-fired power plants for proceeds of $2.8 billion; Natural gas follows oil, hits record low prices in Europe.
Read More “Shale Energy Stories of Interest: Thu, Apr 30, 2020”
MARCELLUS/UTICA REGION: Marcellus Shale Coalition donates to Wayne Memorial Hospital; CNX Resources announces pricing of $300 million of convertible senior notes; NATIONAL: Trump could use ‘nuclear option’ to make Saudi Arabia pay for oil war; In 2019, U.S energy production exceeded consumption for the first time in 62 years; Here’s why oil majors may struggle to find bargains in the shale patch; Demise of U.S. shale means global oil price spikes this decade; Big changes impacting ethane and LPG markets; The ripple effects of COVID-19 on natural gas power generation; INTERNATIONAL: How these two countries could doom earth, according to UN chief.
Read More “Shale Energy Stories of Interest: Wed, Apr 29, 2020”
MARCELLUS/UTICA REGION: ExxonMobil donates medical-grade sanitizer to Pa. for COVID-19 response; Pipelines, transmission lines impacted by hold on federal stream permits; OTHER U.S. REGIONS: Final phase of natural gas line expansion between Wallingford, Middletown begins; Permian natural gas forwards curve signals better days ahead; Gas well projects spike amid negative oil prices; NATIONAL: Low liquidity and limited available storage pushed WTI crude oil futures prices below zero; Oklahoma governor says pandemic “Act of God,” asks Trump to help oil & gas; Trump faces big decisions on energy industry rescue as U.S. runs out of places to store oil; Natural gas broke a bearish trading pattern last week; As oil prices plunge, energy job losses soar; INTERNATIONAL: Hidden threat: Japan has only 2-week stockpile of LNG.
Read More “Shale Energy Stories of Interest: Tue, Apr 28, 2020”
MARCELLUS/UTICA REGION: DEP receives Good Samaritan Act proposals to plug 2 abandoned wells in Wyoming, Venango counties; Appalachian E&Ps’ shares soar on forecasted associated gas decline; Letter to the editor: Conor Lamb, Joe Biden & fracking; OTHER U.S. REGIONS: State regulators taking action as E&Ps fight to survive amid oil demand collapse; Energy Transfer weighs crude storage in idle pipelines; NATIONAL: Withdrawals from natural gas storage this winter were lowest since 2015–16; Oil executive and Trump ally Hamm seeks US probe of oil price crash; U.S. oil and natural gas fighting COVID-19; INTERNATIONAL: Plunge in oil prices could shake up Middle East, Russia; Coronavirus havoc is drowning out China’s failure to buy U.S. crude, LNG, coal; How oil prices could go to $100.
Read More “Shale Energy Stories of Interest: Mon, Apr 27, 2020”
MARCELLUS/UTICA REGION: Update regarding Ohio landmen professional registrations; OTHER U.S. REGIONS: U.S. oil firm Continental Resources halts shale output, seeks to cancel sales; NATIONAL: COVID-19 mitigation efforts result in the lowest U.S. petroleum consumption in decades; Patterson-UTI sees 60% decline in activity as oil prices crater; For natural gas, negative U.S. crude is manna from heaven; How the futures market impacts physical crude oil; US energy independence can still lead the way; INTERNATIONAL: U.S. natural gas to be world’s priciest amid virus upheaval.
Read More “Shale Energy Stories of Interest: Fri, Apr 24, 2020”