Best of the Rest

MARCELLUS/UTICA REGION: CNX Responds to the COVID-19 Crisis; Montgomery County to receive $181,000 rebate for using compressed natural gas; OTHER U.S. REGIONS: Reeling Oklahoma oil producers win right to keep leases while wells shut; NATIONAL: ‘Roller coaster’ continues at full speed for natural gas futures; Senators call for federal government loans to U.S. energy producers; Baker Hughes confident natural gas markets improving; Class 8 natural gas truck sales increase nearly 30 percent.
Read More “Shale Energy Stories of Interest: Thu, Apr 23, 2020”

MARCELLUS/UTICA REGION: Indian Point closure puts pressure on natural gas supplies in New York; OTHER U.S. REGIONS: Texas Railroad Commission delays vote on state-mandated oil production cuts; Explainer: How does Texas have the power to curb the state’s oil output?; FERC OKs commissioning of third Cameron LNG train; NATIONAL: Democrats want to cut off support to oil and gas workers during COVID-19 pandemic; For oil and gas, the key to survival may be an old foe: government; Trump working on funding plan to preserve U.S. oilfield jobs; Yesterday’s crude price meltdown, futures contract expiration and crude storage; INTERNATIONAL: New ethane-munching microbes discovered at hot vents.
Read More “Shale Energy Stories of Interest: Wed, Apr 22, 2020”

MARCELLUS/UTICA REGION: PA House Republicans put language stopping new environmental regs in another bill; Nicholas S. Haden: Tariffs pick winners and losers in U.S. energy sector; OTHER U.S. REGIONS: NJ Transit natural gas plant in Kearny gets green light; NATIONAL: Halliburton cuts capex by half, reduces workforce, with bottom in 2Q; A hunt for any storage space turns urgent as oil glut grows; Biden says he’s open to ‘expanding’ his climate plan to win over young voters; INTERNATIONAL: Russia races to squeeze the U.S. out of Asian natural gas markets.
Read More “Shale Energy Stories of Interest: Tue, Apr 21, 2020”

MARCELLUS/UTICA REGION: House Republicans want PA DEP to reasonably pause adopting new regs; DEP invites comments on proposed Water Quality Certification for NFG pipeline project; Upside in a down market: Northeast gas dynamics to advantage regional midstream companies; NATIONAL: Trump administration working to ease drilling industry cash crunch; Do U.S. shale drillers deserve to exist in free markets?; Half of announced North American oil cuts come from just three companies; Lower 48 oil, gas permitting expected to ‘collapse in April’ amid pandemic; Oil, natural gas and NGLs in post-COVID, 2021-25 markets; Oil and gas shut-ins risk royalty litigation; New FERC commissioner hints at market action, announces staff; INTERNATIONAL: Global LNG production shut-ins seen imminent as prices continue falling; USMCA solidifies the best oil and natural gas alliance ever; Fall of natural gas prices speeds energy shift in East Asia; Oil and gas giant Shell targets ‘net zero’ emissions by 2050.
Read More “Shale Energy Stories of Interest: Mon, Apr 20, 2020”

OTHER U.S. REGIONS: Natural gas plant construction causes concerns for Native American landowners; NATIONAL: Worry & appreciation…The energy workforce reacts to COVID-19; A wave of oil bankruptcies is on the way; Second-wave U.S. LNG projects stagnate amid market uncertainty; U.S. says oil tariffs still on the table even after OPEC+ deal; INTERNATIONAL: Saudi minister: ‘Not our intent to damage U.S. shale.’ Really?; Oil demand down nearly 30%, April worst month in 25 years: IEA; China is stocking up on cheap LNG.
Read More “Shale Energy Stories of Interest: Fri, Apr 17, 2020”

MARCELLUS/UTICA REGION: Natural gas and oil industry steps up to help communities; Safety equipment relies on natural gas; New model could improve natural gas demand predictions in New York, other states; OTHER U.S. REGIONS: A big Texas shale explorer warns it’ll stop drilling if state imposes production caps; NATIONAL: Will Trump really slap tariffs on Saudi oil?; Natural gas price forecast – natural gas markets test lows; Democrats call for new gas pipeline moratorium amid pandemic; Bernie Sanders’ green energy poverty; Despite historic production cuts, oil is dying; 3 reasons why oil prices can hit $5.00; INTERNATIONAL: Underwhelming oil cut will weaken OPEC credibility.
Read More “Shale Energy Stories of Interest: Thu, Apr 16, 2020”

MARCELLUS/UTICA REGION: Victor Furman: I will never be silent about our rights; Hannaford bans reusable bags; OTHER REGIONS: Texas considers mandating oil companies reduce supply to combat crashing prices; Shale billionaire Harold Hamm sees Oklahoma limiting oil output; NATIONAL: Baker Hughes reduces capex by 20%, expects $15B impairment in 1Q; Oil in the age of coronavirus: a U.S. shale bust like no other; EagleClaw Midstream joins ONE Future coalition; API welcomes OPEC+ agreement; North America’s oil industry is shutting off the spigot; INTERNATIONAL: Saudi Prince: Not trying to put U.S. shale out of business.
Read More “Shale Energy Stories of Interest: Wed, Apr 15, 2020”

MARCELLUS/UTICA REGION: PA Senate will return to session to consider bills to reopen PA businesses; Webinar: Think About Energy Briefing on Thursday April 16, 2020; OTHER U.S. REGIONS: ExxonMobil testing emerging methane detection systems across Texas, New Mexico; History tells proration would cause chaos in the Texas oil patch; NATIONAL: Another record year for low-cost U.S. natural gas – and why that’s good news; BTU analytics predicts natural gas production could plummet this summer; INTERNATIONAL: Trump says global oil cut will be about 20 million barrels; OPEC production deal, or price war 2.0?; What will oil autocrats do now to keep power?; Time to put China on lockdown for its dishonesty amid coronavirus crisis.
Read More “Shale Energy Stories of Interest: Tue, Apr 14, 2020”

MARCELLUS/UTICA REGION: UGI Energy Services develops virtual food drives in partnership with area food banks; OTHER U.S. REGIONS: Texas Waha natgas forward prices to soar post coronavirus from negative now; Young shale CEO asks Texas to curb oil output as coronavirus cuts prices; Marathon will take frac holidays to cut spending; NATIONAL: Patterson-UTI Energy reports Mark Siegel, executive chairman, announces retirement plan; EIA’s weekly natural gas products provide timely natural gas information; Cliff’s edge a distant memory as rig count plummets ever lower, U.S. drops another 62 units; No resurrection for natural gas as storage, weather take down futures another notch ahead of Easter; Oligarchy and pestilence; Why are we destroying the economy for this?; Oil quotas and import fees? No, get America back to work; The biggest moves reverberating across oil, NGL and gas markets.
Read More “Shale Energy Stories of Interest: Mon, Apr 13, 2020”

MARCELLUS/UTICA REGION: Shale gas was in trouble, then came the coronavirus; No need for natural gas pipeline across Raritan Bay, environmental report says; NATIONAL: Natural gas market starting to discount oil production shut-ins; Coronavirus clouds outlook, but EIA still sees Henry Hub at $2.11 this year; What COVID-19, global LNG demand loss could mean for U.S. gas storage refill; Shale cutbacks to fall on weakest drillers as glut drowns market; Keeping up with the Jones Act! Changes a pandemic and price war could bring; INTERNATIONAL: Russia: U.S. shale decline can’t count as ‘output cut’; Maybe the U.S. should delay virtual G20 oil meeting; Big Oil market question: What’s already priced in?; Saudi wealth fund builds $200 million stake in Norway’s state oil company.
Read More “Shale Energy Stories of Interest: Thu, Apr 9, 2020”

MARCELLUS/UTICA REGION: Even facing a pandemic, NY State remains in the grip of green movement; Nearly 650 MW of New York City peaking capacity will retire to comply with tighter regulations; Congresswoman Miller urges support for oil and gas industry during COVID-19 response; OTHER U.S. REGIONS: Court revives Michigan anti-fracking effort; NATIONAL: U.S. natural gas output expected to fall by most ever next year; U.S. oil rig count seen plunging 65% in record time, eclipsing recent downturns; Shale drillers warming to a once-unthinkable idea: a cap on oil; U.S. to again become net importer of crude oil amid COVID-19 pandemic, EIA says; Cost structure threatens the survival of many U.S. crude oil producers; Led by Harold Hamm, America’s oil frackers are slashing output; INTERNATIONAL: Japan, Singapore lockdowns to stifle Asian gas, power demand further; U.S. energy secretary hopeful Saudi, Russia to end oil row this week.
Read More “Shale Energy Stories of Interest: Wed, Apr 8, 2020”

MARCELLUS/UTICA REGION: Albany’s natural gas drilling ban: crushing blow to Upstate New York; NATIONAL: Most North American E&Ps seen cutting 2020 capex by 35-40% as coronavirus wreaks havoc; Oil and natural gas industry responds to COVID-19 with charitable and community assistance; Natural gas will benefit as oil producers shut in production; Fear creates opportunity: Williams Companies and Archrock; INTERNATIONAL: Trump should prepare to be scapegoated for a failed Russia-Saudi oil meeting.
Read More “Shale Energy Stories of Interest: Tue, Apr 7, 2020”

MARCELLUS/UTICA REGION: Pennsylvania faces a new wave of abandoned oil and gas wells; Southwest Pa. runs on natural gas, coal; Cabot helping to stock food pantries in Marcellus Shale region; Your view: Wolf was wrong to veto HB 1100; OTHER U.S. REGIONS: Texas gets double punch from coronavirus and oil shock. ‘There’s no avoiding this one.’; California issues first new fracking permits since July; NATIONAL: Free webinar on the impact of COVID-19 on oil and gas industry; Chaos, scrambling in the U.S. oil patch as prices plummet; Greenfield natural gas, oil projects in pre-FID ‘all at risk’ for deferral; U.S. oil industry can still surprise with resilience: Mercuria CEO; Embattled energy companies snub creditors to conserve cash; Starwood Energy, OGCI Climate Investments and Elysian Ventures launch new carbon capture project; Victor Davis Hanson: U.S. still the leader in crisis; Democrats’ energy policies hurt black Americans.
Read More “Shale Energy Stories of Interest: Mon, Apr 6, 2020”

NATIONAL: Cheniere Energy’s Jack Fusco on the future of LNG; Surviving the coronavirus? Thank fossil fuels.; Oil and gas M&A deals crash along with prices; INTERNATIONAL: As oil sinks, some companies float idea of ‘zero clause’ in trades; Barclays aiming for net zero emissions by 2050, portfolio realignment starts with energy sector; Global natgas prices for 2020 expected even lower, set to feel COVID-19 symptoms for years; Chinese buyers snap up U.S. oil purchases at widest discounts ever.
Read More “Shale Energy Stories of Interest: Fri, Apr 3, 2020”

MARCELLUS/UTICA REGION: Cabot Oil & Gas a beneficiary of low oil prices; WVU Coliseum to receive new seats; NATIONAL: Save America’s oil and gas industry; ‘The other bomb’ — Cramer’s warning as first shale company files for Chapter 11; Murkowski wants DOE to shine spotlight on possible oil production shut-ins; Another down day for natural gas futures ahead of highly anticipated EIA report; Private equity can’t escape the pain of shale country’s collapse; Oilfield spending to fall 21% as producers slash outlays; Natural gas markets beyond COVID-19; COVID-19 strikes gas, LNG demand amid oversupply; Not all natural gas pipelines are equal; Pain in the oil patch; INTERNATIONAL: Germany proves how essential natural gas is – and the U.S. must supply.
Read More “Shale Energy Stories of Interest: Thu, Apr 2, 2020”

MARCELLUS/UTICA REGION: Think About Energy goes webinar on April 7: the learning continues; NY fight over gas supplies could renew next winter — official; NATIONAL: The coronavirus pandemic and the long-term energy outlook; What would happen if ‘fracking’ for oil and natural gas was banned?; Loosening of Obama-era fracking restrictions OK’d by federal judge; How low could U.S. oil production actually go?; A US-Saudi oil alliance? Here’s why that’s insane; INTERNATIONAL: After two bad winters, natural gas heads for an even worse summer; Crude price crash, pipeline constraints push Alberta’s WCS to all-time low; Ted Cruz, other senators, warn Saudis to stop using oil in ‘economic warfare’ against the US.
Read More “Shale Energy Stories of Interest: Wed, Apr 1, 2020”