Study Finds Electric Compressors Reduce Emissions, but Risky
One week ago, the Interstate Natural Gas Association of America (INGAA) Foundation published a report called “Impact of Electrifying Natural Gas Transmission Compression” (full copy below). The Foundation commissioned global consulting and technology services provider ICF to assess and write a report on the potential impacts of electrifying natural gas transmission compression as one tool to address greenhouse gas (GHG) emissions along the natural gas supply chain. What did the researchers find?
Read More “Study Finds Electric Compressors Reduce Emissions, but Risky”
The Baker Hughes rig count gained rigs for the first time in three weeks last week. The count went from 619 active rigs two weeks ago to 620 last week — up a single rig. Better than nothing! The Marcellus/Utica count gained two (both in Pennsylvania) to land at 42 active rigs overall. PA had 21 rigs, up from 19, while OH maintained 13 rigs, and WV maintained eight rigs.
BMI, a Fitch Solutions company, recently provided a price forecast for the Henry Hub gas price all the way out to 2028. BMI’s forecast is much rosier than others we’ve read. The U.S. Energy Information Administration (EIA) recently predicted the Henry Hub price will average under $3/MMBtu in both 2024 and 2025. BMI, on the other hand, predicts the HH to hit an average of $3.40/MMBtu this year and $3.60 next year. Their lips to God’s ears!
The Baker Hughes rig count lost ground again last week, as it has in four of the last five weeks. The count went from 621 active rigs two weeks ago to 619 last week. The Marcellus/Utica count was steady at 40 active rigs; however, the mix changed. Pennsylvania kept 19 active rigs as in previous weeks, but Ohio picked up one rig for 13 active rigs, while West Virginia lost one rig for 8 active rigs.
The U.S. Energy Information Administration (EIA) published a post yesterday on the agency’s newly revamped Today in Energy website to announce it expects the Henry Hub natural gas spot price to average under $3.00/MMBtu in 2024 and 2025. What joyous news (not). The post explains the reasoning and thinking of EIA analysts and why they believe the price of natural gas will be, sadly, lower for longer.
This is one of those little gems we delight in unearthing for MDN readers — especially for our landowner/rights owner readers. Researchers from the University of Rochester and the University of Pittsburgh assembled a dataset of lease deals used in the Pennsylvania Marcellus (some 60,000 of them!) and analyzed the leases for compensation and clauses that may protect landowner health and the enjoyment of their properties. The researchers used the data to produce three main findings…