Best of the Rest

MARCELLUS/UTICA REGION: Webinar: Think About Energy Briefing, PA legislative panel May 28, 2020; SRBC adopts new consumptive water use policy to expand options, reduce costs; NATIONAL: EIA forecasts lower U.S. natural gas consumption in 2020; U.S. oil output to begin rebounding in July, but 2021 not ‘year of salvation’; The sweet spot for natural gas trucks; U.S. liquefaction capacity growing, even as utilization declines; INTERNATIONAL: Japanese space startup developing LNG-powered rocket; US remains biggest producer of oil, natural gas.
Read More “Shale Energy Stories of Interest: Wed, May 27, 2020”

MARCELLUS/UTICA REGION: Ohio appellate court holds that words of inheritance are required to reserve oil and gas interests; Appalachia leads gains for natural gas forwards as EQT curbs output; Medical communities count on products manufactured by natgas, hydraulic fracking; OTHER U.S. REGIONS: University of California system to divest fossil fuel investments; U.S. shale bust slams rural economies as oil checks shrivel; NATIONAL: “On pause”: Offshore oil industry faces its biggest setback in years; Doomsday predictions for U.S. oil just aren’t realistic; Coronavirus threatens to hobble the U.S. shale-oil boom for years; Biden offshore drilling ban would kill 200,000 jobs, oil lobby says; INTERNATIONAL: Why the International Energy Agency supports America’s shale oil and natural gas revolution; The U.S. becomes the world’s swing LNG producer; Eight countries say gas deserves help as EU readies ‘green recovery’ fund.
Read More “Shale Energy Stories of Interest: Tue, May 26, 2020”

MARCELLUS/UTICA REGION: DRBC case judge told to reconsider standing of senators; New Fortress LNG adjudicatory hearing concludes; GlobalData: natural gas outlook remains bleak through 2020; Cuomo’s shifting gas policy; NATIONAL: Falling global LNG prices keeping U.S. natural gas prices capped; U.S. oil producers to halt 1.75 million barrels per day of production; INTERNATIONAL: Phase one U.S.-China trade deal fails in energy and beyond.
Read More “Shale Energy Stories of Interest: Fri, May 22, 2020”

MARCELLUS/UTICA REGION: Dominion to continue Cove Point LNG exports during maintenance; NATIONAL: Why U.S. shale is too important to fail; Google says it won’t build AI tools for oil and gas drillers; INTERNATIONAL: Coronavirus creates repair headache for oil and gas industry.
Read More “Shale Energy Stories of Interest: Thu, May 21, 2020”

MARCELLUS/UTICA REGION: Ascent Resources announces new Chief Financial Officer; OTHER U.S. REGIONS: Hydraulic fracturing demand expected to bounce back in the fall; Texas fears losing oil-rich lands in Chinese takeover of weakened energy companies; NATIONAL: Biden would ‘stop Keystone XL for good’ if elected U.S. president; FERC Chair Chatterjee for Va. governor?; Rare Earth Emergency #1 (video); Rare Earth Emergency #2 (video).
Read More “Shale Energy Stories of Interest: Wed, May 20, 2020”

MARCELLUS/UTICA REGION: New year greets Marcellus/Utica shale with new, unexpected challenges; DEP permits will keep Marcus Hook as an economic engine in Southeast PA; NATIONAL: United States bump LNG exports in March; The impacts of U.S. LNG cargo cancellations; U.S. pipeline safety report reveals fewer incidents, more infrastructure; Zinke says Biden’s plan to ban fossil fuel drilling on federal lands is ‘nuts’; ‘Oil is back,’ tweets Trump. Not so fast, says reality; Natural gas drillers face price meltdown as storage fills fast; INTERNATIONAL: We’re at risk of an oil shortage.
Read More “Shale Energy Stories of Interest: Tue, May 19, 2020”

OTHER U.S. REGIONS: Largest Wyoming gas producer, taxpayer files for bankruptcy; DTE may switch to natural gas at four coal-fired plants; NATIONAL: EIA expects lower natural gas production in 2020; Natural gas prices could double next year; Liberal-leaning states target EPA in new lawsuit; Why U.S. oil and natural gas demand will rebound from COVID-19; Why predictions for the demise of U.S. shale are “premature”.
Read More “Shale Energy Stories of Interest: Mon, May 18, 2020”

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”