Best of the Rest

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”

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”