Best of the Rest

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”

MARCELLUS/UTICA REGION: Gov. Wolf pledges veto of bill prohibiting DEP from enacting big carbon tax; OTHER U.S. REGIONS: BP set to slash 10,000 jobs: ‘I can’t make your worries disappear,’ says CEO; OERB, Francis Tuttle offer free courses to idled oil, gas workers; NATIONAL: Shale producers’ hedging strategies take center stage; INTERNATIONAL: North America’s largest pipeline company aims to pivot to natural gas and renewable energy.
Read More “Shale Energy Stories of Interest: Tue, Jun 9, 2020”

MARCELLUS/UTICA REGION: Modern natural gas facilities can help NY reach climate goals; Here’s what makes EQT Corporation an attractive bet now; OTHER U.S. REGIONS: Tellurian’s supply pact with Petronet expires in setback for Driftwood LNG; NATIONAL: Analysts urge caution as oil recovery gets underway; U.S. shale companies are turning the oil taps back on; It’s time to start ignoring the negative news for natural gas, here’s why; INTERNATIONAL: Canada is the largest source of U.S. energy imports; Oil prices inch higher, 1-month supply cut extension falls short of market hopes.
Read More “Shale Energy Stories of Interest: Mon, Jun 8, 2020”

NATIONAL: US weekly LNG exports drop to ten cargoes; How is improving crude price triggering rapid shale recovery?; Devon makes sealed wellbore pressure monitoring available to entire shale sector; US working natural gas volumes in underground storage rise 102 Bcf on week; INTERNATIONAL: Fossil fuels for decades and beyond; Why OPEC+ oil production cut agreed under COVID-19 stress is destined to fall apart.
Read More “Shale Energy Stories of Interest: Fri, Jun 5, 2020”

MARCELLUS/UTICA REGION: PA House committee to consider bill prohibiting carbon tax on gas plants; Days of violence also scramble Northeast energy situation; NATIONAL: U.S. natural gas storage capacity remained relatively unchanged in 2019; INVEST Act appears to fund Gateway Project but comes down hard on liquefied natural gas transport by rail; SGA goes digital with two conferences; A precarious position for propane markets: reading the signals; INTERNATIONAL: Russia fears American energy dominance — and that’s a good thing; U.S. Senators to announce sanctions bill on Russia’s Nord Stream 2 gas pipeline.
Read More “Shale Energy Stories of Interest: Thu, Jun 4, 2020”

OTHER U.S. REGIONS: Dominion backs off plan to build natural gas pipeline along part of American Tobacco Trail; NATIONAL: AEA applauds EPA’s final rule to fix Governor Cuomo’s muddying of the Clean Water Act; INTERNATIONAL: Natural gas may be the next commodity to trade below zero; Oil’s comeback uplifts US shale, complicates OPEC+ task; European and U.S. gas markets look to each other for price direction; Is this the next major market for U.S. LNG?; Weak energy prices show Russia’s Achilles heel.
Read More “Shale Energy Stories of Interest: Wed, Jun 3, 2020”

NATIONAL: Icahn gets three seats on Occidental’s board; U.S. producers prove better swing supplier than previously thought; INTERNATIONAL: Pieridae to be listed on Toronto Stock Exchange; Offshore oil is on the brink of collapse; WoodMac: Global LNG demand heading into seasonal contraction.
Read More “Shale Energy Stories of Interest: Tue, Jun 2, 2020”