Experts Say NatGas Oversold and Price Now Likely at Bottom
A financial analyst writing on the Seeking Alpha investors’ website wrote a detailed post outlining his thesis on why the price of natural gas is likely at the bottom now and will only go higher. He says that since natural gas prices are at or below breakeven levels for drillers, they are reducing their drilling rate. A negative shift in weather, falling rig counts, and the potential boost from Freeport exports may push natural gas back into a shortage over the coming months.
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This post is kind of “in the weeds” with respect to reducing methane emissions from drilling, pipelines, and transportation. But we ask that you stick with us. As we have covered for more than a year, there are three main certification standards now in use by Marcellus/Utica (and other shale play) producers that want to prove the gas they produce is responsible, with low methane emissions. The three are: (1) Project Canary’s TrustWell Certification, (2) Equitable Origin’s EO100, and (3) The MiQ Standard (see 
The Biden EPA plans to allow private citizens to police oil wells and pipelines for methane leaks. Most of the time, that means Big Green groups will do the “policing.” And here’s how it will work: A radicalized group like the Sierra Club or Earthworks or NRDC or some other odious bad actor will set up equipment near oil and gas well sites or pipeline operations to report suspected “super emitter” leaks of at least 100 kilograms per hour. Once reported (likely a false report), the company involved would be required to perform a root-cause analysis within five days and take corrective actions within 10 days. All based on an accusation by an anti-fossil fueler. Methane snitches.
Yesterday we reported the surprising news that a load of LNG had left the Freeport facility, even though the facility has not been fully blessed to restart operations (see 
Evolution Well Services, headquartered in Houston with a regional office in Pittsburgh, specializes in “electric” fracking–using natural gas from the well pad (instead of diesel fuel) to power turbines to create electricity that drives fracking pumps. In September 2020, three former Evolution employees who worked at remote sites in the Marcellus/Utica filed a lawsuit against the company claiming Evolution failed to pay them for their commute to and from job sites. The lawsuit was turned into a class action in February of last year (see 
It hasn’t been a problem-free startup for the mighty Shell ethane cracker plant in Monaca (Beaver County), PA, now called the Shell Polymers Monaca facility. We’ve noted some of the more prominent issues as we’ve spotted them in the news. Things like the plant exceeding allowed air emissions (see 
Anti-drillers, with the assistance of biased “news” publications like the Pittsburgh Post-Gazette, continually make false accusations against the shale industry in the southwestern Pennsylvania area, alleging that fracking is the cause of rare forms of cancer in children (see 
As we previously reported, West Virginia Senate Bill (SB) 188 is aimed at making WV more competitive with its neighbors–Pennsylvania and Ohio–with respect to siting more gas-fired power plants in the state. The only problem is that the coal industry isn’t thrilled with some of the language in the bill (see 
Residents living in the vicinity of Energy Transfer’s Revolution Pipeline cryogenic plant in Bulger (Washington County), PA, got a surprise “present” on Christmas morning. Around 7:30 am, residents report hearing an explosion, followed by a fire, at the plant used to separate NGLs (natural gas liquids, including ethane, propane, and butane) from the raw gas stream that flows through the Revolution gathering pipeline (see 
We just have to say right up front, U.S. Senator Joe Manchin from West Virginia is either a lying sleazebag, or he’s really, really stupid. And neither option is very inspiring. Last year Manchin was lured into voting in favor of a massive government spending bill that previously was called the New Green Deal. It got renamed (misnamed) to the Inflation Reduction Act (IRA), to make it an easier sell to voters (see 
There are a (very) few Democrats in Washington, D.C., who still support natural gas. It seems most national Democrat leaders (in Congress and beyond) have been coopted by the radical left of the party and now endorse the national suicide of dumping fossil energy. But not all Dems. A group of so-called moderate Democrats who aligned themselves with Bill Clinton formed a think tank in 1989 called the Progressive Policy Institute (PPI). The PPI recently published an issue brief (report) called “The Climate Case for Expanding U.S. Natural Gas Export.” The report says expanding U.S. LNG exports can lower global greenhouse gas emissions significantly, especially if fugitive emissions of methane are deeply reduced. The report even supports the construction of more pipelines here in the U.S. Imagine that! A group of Dems who support natgas and LNG exports. It’s like spotting a unicorn in the wild.