BP Dumps Annual Statistical Review – Energy Institute New Publisher
Looks like the rumors were true. Last December, we told you that oil giant BP (formerly British Petroleum) was considering axing its annual Statistical Review of World Energy publication, which the company has published since 1952. Why stop publishing it? Because being honest about the data was exposing the so-called transition to green energy as the hoax that it is (see BP Considers Axing Statistical Review – It Makes Greens Look Bad). BP, a European company, has (sadly) become politically correct and unable to speak the truth–at least in public. That truth is that oil and gas have been and will continue to be the dominant source of energy in the world for generations to come. So the company wanted to dump the publication. BP has found an “independent” third party to continue publishing it–The Energy Institute.
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Consulting giant Deloitte’s new report “Oil and Gas M&A Outlook 2023: Pivoting for Change” examines the shift in the industry and the strategic pivots expected to shape the future. The report says so-called “clean energy” is now a “substantial driver” of mergers and acquisitions (M&A) in the oil and gas industry and signals big changes in the M&A playbook.
Competitive Power Ventures (CPV) currently operates a gas-fired power plant in the Keasbey section of Woodbridge, NJ. The plant currently generates power for about 700,000 homes. In 2018, CPV proposed adding a second power plant at the same location (see 
It’s full speed ahead in the U.S. House of Representatives, now controlled (thank God!) by Republicans. Today and tomorrow, three different House committees will hold hearings and markups on 20 distinct measures related to energy and permitting reform. The permitting reform measures, in particular, may help save the Mountain Valley Pipeline (MVP) project in the Marcellus/Utica region.
With liberal leftist Democrats like NY Gov. Kathy Hochul, popular opinion only matters during an election year, when getting elected (or reelected). After that, Dems like Hochul govern any darned well way they please. It doesn’t matter if a majority of the state’s residents oppose her cockamamie, screwed-up plans to commit energy suicide by banning natural gas across the entire state. She’s moving forward full-speed ahead with her energy suicide plan anyway.
The rumor mill kicked into overdrive on Friday when Bloomberg published an article saying Pioneer Natural Resources Co., one the largest independent oil producers in the U.S., is considering (negotiating for) an acquisition of Marcellus driller Range Resources Corp., according to “people familiar with the matter.” Range was the very first company to drill a Marcellus shale well back in 2004 in western Pennsylvania. By the end of Friday, Pioneer issued an abrupt statement saying it “is not contemplating a significant business combination or other acquisition transaction.” It wasn’t an outright denial that such talks are taking place. Range could not be reached for comment.
Isn’t it typical for Democrats to try and use a crisis that has nothing whatsoever to do with shale and natural gas to block shale and natural gas? Seven members of Pennsylvania’s Congressional delegation, every single one of them a Democrat, sent a letter (copy below) to another Democrat, Secretary of Transportation Pete Buttigieg (an incompetent nincompoop), asking him to permanently delete a rule adopted during the Trump administration that allows LNG to be safely transported by special rail cars. The reason cited for banning LNG by rail? The train derailment in East Palestine, Ohio–an event that has nothing whatsoever to do with shale energy.
The Sabine Pass LNG terminal, owned and operated by Cheniere Energy, is spread over an 853-acre site in Cameron Parish, Louisiana. The facility is the largest receiving and regasifying terminal in the world with a total send-out capacity of 4 Bcf/d (billion cubic feet per day) and a storage capacity of 16.8 Bcf. The “nameplate” capacity of the facility with six trains operating is roughly 30 mtpa (million tons per annum). Last Thursday, Cheniere announced it has pre-filed to expand its Sabine Pass operation significantly, by another 66% to around 50 mtpa. This is good news for the Marcellus/Utica.
Robert Bryce is a Texas-based author, journalist, film producer, and public speaker. Over the past three decades, his articles have appeared in numerous publications, including the Wall Street Journal, New York Times, National Review, Field & Stream, and Austin Chronicle. Bryce recently published an article on his own Substack website that exposes the $4.5 billion-per-year NGO-corporate-industrial-climate complex. You think Big Green groups like the Sierra Club, Environmental Defense Fund, and National Resources Defense Council are virtuous defenders of the environment? Think again. They’re in it for the money. Follow the money.
A University of Alberta (Canada) mechanical engineer and his team published a study last month in the journal Renewable and Sustainable Energy Reviews on the greenhouse gas reduction potential of blending natural gas with hydrogen in Alberta, Canada (full copy below). Albertans can replace 15-20% of the natural gas in their pipes and furnaces with hydrogen using current technology and current pipeline infrastructure. The team found that a 15% hydrogen/methane blend would cut–at most–5% off of Alberta’s carbon footprint by 2050. A nothingburger. But here’s the kicker: Blending hydrogen with methane results in higher average energy prices. Higher prices, no environmental advantages. Tell us again why we want to blend explosive hydrogen with methane in our pipelines?
On February 15, 2023, the Supreme Court of Pennsylvania agreed to hear the case Dressler Family, LP v. PennEnergy Resources, LLC, a case addressing the question of whether Pennsylvania is an “at-the-well” jurisdiction, or a “first-marketable product” jurisdiction. The case may have profound implications for Pennsylvania landowners and drillers. The issue in this case revolves around whether or not a driller is allowed to deduct expenses from royalty payments for transporting and cleaning up natural gas between the well and the point of sale. Can a driller claim post-production deductions even if there are clauses that prohibit them?
The West Virginia State Legislature passed House Bill (HB) 2581 on the last day of the annual WV legislative session in April 2021. HB 2581 required the State Tax Commissioner to develop a revised methodology to value oil and natural gas properties for the purpose of assessing property taxes. The State Tax Department submitted an emergency rule in the summer of 2021 that was, quite frankly, a mess. In March 2022, the legislature passed, and Gov. Jim Justice signed into law, House Bill (HB) 4336, aimed at fixing the mess (see