EQT Provides MiQ-Certified LNG Cargo to Europe in World First
In May, the socialists of the European Union (EU) adopted into law a new regulation aimed at tracking and reducing methane emissions within the energy sector (see MiQ Claims Its Cert the Only One to Meet New EU Methane Regs). The onerous new reg introduces new requirements for measuring, reporting, and verifying methane emissions. The reg mandates operators to measure emissions at the source and submit monitoring reports verified by independent bodies. If drillers, including those from the Marcellus/Utica, want to export LNG to any country that’s part of the EU (many M-U drillers export LNG to Europe), they must comply with these crazy new regs. According to MiQ, an independent methane emissions measurement and certification authority, its certification is the only one that satisfies the EU’s new regulation. EQT, the largest natural gas producer in the U.S. (exclusively working in the M-U), uses MiQ and is about to send an LNG cargo to Germany as a test of the MiQ certification system. It’s a worldwide first. Read More “EQT Provides MiQ-Certified LNG Cargo to Europe in World First”
Toby Rice, CEO of EQT Corporation, currently the largest natural gas producer in the U.S., spoke yesterday at the Gastech event in Houston. Rice expressed his view that the Henry Hub price for natural gas will remain below $3/MMBtu “in the short term.” He also had thoughts on how long companies like his will continue to curtail natgas production. Rice said curtailments will “ease by next year” when more LNG exports begin to pick up. Said another way, Rice expects to continue holding back at least some supply for the balance of this year. 
Here’s a new concept for some (including us): Have you ever heard about the “heat content” of energy like natural gas? Heat content is the amount of heat energy available to be released by the transformation or use of a specified physical unit of an energy form, like how much heat a cubic foot of natural gas produces when burned. Depending on where you go, the heat content of natural gas varies. A recent analysis by the U.S. Energy Information Administration (EIA) shows that Texas has some of the lowest heat content, and West Virginia has some of the highest. 
MARCELLUS/UTICA REGION: Powering Pennsylvania’s future; NATIONAL: The ‘crazy LNG’ pause just got worse; Is the rangebound summer gas market heading for a breakout?; The Kamala Harris non-sequitur on energy independence; Hurricane forecasts raise doubt about climate science; Wall Street wants you to know profit comes before net zero; INTERNATIONAL: Gastech 2024: Energy ministers debate role of natural gas. 
Chesapeake Energy has gone through some major changes over the past four years. In June 2020, Chessy declared bankruptcy (see 
Yesterday, the Pennsylvania Senate approved Senate Bill (SB) 1058 that would repeal the state’s participation in the so-called Regional Greenhouse Gas Initiative (RGGI), an illegal carbon tax enacted via executive order by then Gov. Tom Wolf in 2019 (see 
An extensive article appearing in Mountain State Spotlight, a liberal publication aimed at publishing “sustained outrage” stories about happenings in West Virginia, boldly proclaims, “The natural gas boom was supposed to bring prosperity to West Virginians in poverty. That didn’t happen.” The article focuses on several individuals who are living (metaphorically) without a pot to pee in, claiming natgas was supposed to make them fat, dumb, and happy but didn’t. So why didn’t that happen? 
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Earlier this year, the Wall Street Journal published an article about BKV Corporation (Banpu Kalnin Ventures), the American arm of Banpu, Thailand’s largest coal mining company (see 
In February, the Ohio Oil & Gas Land Management Commission (OGLMC) met to award contracts to drill under (not on) several Ohio state parks, including 5,700 acres of the 20,000-acre Salt Fork State Park in Guernsey County (see 
The radicalized Environmental Defense Fund (EDF), in partnership with the equally radicalized Moms Clean Air Force (MCAF), is joining forces with the Pennsylvania Department of Environmental Protection (DEP), the U.S. Department of Energy (DOE), and (very oddly) McGill University, which is located in Montreal, Quebec (Canada) to launch a project to identify and “facilitate remediation of” orphan and abandoned oil and gas wells across Western Pennsylvania. The group will fly specially outfitted drones about 100 feet above ground in Clarion, Venango, and McKean counties in western PA to try and identify and catalog orphaned and abandoned oil and gas wells. 
In yet another attempt to deflect attention away from Kamala Harris’ extreme position on fracking (she wanted to ban it completely everywhere in 2019), mainstream news continues to publish stories on other Pennsylvania energy topics. For example, yesterday, the New York Times published a story with this headline: “Big Energy Issue in Pennsylvania Is Low Natural Gas Prices. Not Fracking.” We forced ourselves to read it all the way through. We “took one for the team,” so you won’t have to. The story started out fine and made some legitimate points. The NYT article is (more or less) right as far as it goes. The problem is that the article doesn’t go far enough. It stops with only half of the story told. Here at MDN, we tell you the whole story—all of the facts, not just some of the facts.