EQT CEO Says “Gas Markets in the U.S. are Broken”
The CEO of the largest natural gas driller/producer in the U.S., EQT’s Toby Rice, is currently attending the Atlantic Conference in Abu Dhabi, the capital of the United Arab Emirates. He spoke with Bloomberg reporters about what he sees ahead for U.S. natural gas production coming this year and, more broadly, about the problems he sees in general. Rice said, “The gas markets in the US are broken.” Why? Lack of pipeline infrastructure and the inability to build new ones.
Read More “EQT CEO Says “Gas Markets in the U.S. are Broken””
The policies of politicians like New York Gov. Kathy Hochul have real-world consequences. Even if those policies never actually get implemented. Last week, the intellectually-challenged Hochul proposed banning the sale of all new natural gas appliances across the state, and indeed ban hooking up new homes and businesses to gas, by 2030 (see 
Listen up, high school seniors (and their parents). Paying for college is a challenge–this you will learn soon enough. As your guidance counselor has no doubt told you, there are scholarships to be had. Every $500 or $1,000 you can shave off your college bill helps! String enough such scholarships together, and you can make a real dent in the cost of college. We have a scholarship opportunity for those who plan to pursue a career in the oil and gas industry living in Ohio. The Ohio Oil and Gas Energy Education Program (OOGEEP) is accepting applications for its 
PJM is the largest electric grid operator in the U.S. It serves 65 million people in 13 states plus the District of Columbia (including PA, OH, and WV). PJM is coming under criticism for an almost-blackout during the recent Christmas cold snap. If not for certain gas-fired peaker plants, like that in the Little Town of Bethlehem, the lights would have gone out during a brutal cold snap (see 
Last week the Federal Energy Regulatory Commission (FERC) finally approved the Williams Regional Energy Access Expansion (REAE) project, an upgrade to the Transco pipeline in Pennsylvania and New Jersey to deliver an extra 829 MMcf/d of Marcellus gas to PA, NJ, and Maryland (see 
The 2 Bcf/d Freeport LNG export terminal, located in Quintana Island, Texas, has been offline and not producing LNG since June 2022 due to an explosion (see 
A week ago, MDN told you that the Bidenista who heads up the Consumer Product Safety Commission (CPSC) was floating a trial balloon of banning the use of natural gas stoves across the entire country (see 
The radicals of Earthjustice have struck again. Representing two other disgusting radical groups–the Sierra Club and Clean Air Coalition of Western New York–last week Earthjustice filed a lawsuit to block the sale of a truly tiny (55 megawatt) gas-fired power plant in Western New York (near Niagara Falls) to a Canadian bitcoin operator. Gov. Hochul wonders why more people are fleeing NY than any other state in the country. This is why.
In March 2019, MDN told you about a new Williams plan to beef up the Transco pipeline in Pennsylvania and New Jersey to deliver an extra 829 MMcf/d of Marcellus gas to PA, NJ, and Maryland (see 
On Wednesday, the American Petroleum Institute (API) held an event in Washington, D.C., to unveil (and talk about) the organization’s 2023 plan for Congress that will “Make, Move and Improve American Energy.” Several members of Congress spoke along with API CEO Mike Sommers. One of the big topics of discussion at the event is the need for pipeline permitting reform, NOW, in this Congress. The API report (full copy below) says there is enough demand to send another 4.6 Bcf/d (billion cubic feet per day) of natural gas into northeastern markets–and we could and would have been doing just that if not for canceled pipeline projects due to lawsuits, delays, and government opposition.
Pennsylvania General Energy (PGE) is constructing a natural gas pipeline, a freshwater pipeline, and facilities to withdraw fresh water at a site along the Loyalsock Creek, north of Montoursville in Lycoming County, PA. The company’s work resulted in a sediment plume that appeared in Loyalsock Creek for several miles downstream of the construction site, caused by the failure of erosion and sediment controls following a heavy rainstorm. The state Dept. of Environmental Protection (DEP) issued notices of violation (NOVs) on three separate occasions from September to November (see 
In a recently issued report, Moody’s Investor Service predicts that while upstream oil and gas spending on capital expenses will come in lower than the levels seen between 2015 and 2019, spending in 2023 will be higher, by 10-15%, than it was last year. Upstream capital spending is set to reach $460 billion to $480 billion in 2023. As you might imagine, more than half of the increase is needed just to cover the cost of Bidenflation–not because there’s actually more drilling being done.