Antero Resources | Chesapeake Energy | CNX Resources | Coterra Energy (Cabot O&G) | Energy Companies | EQT Corp | Gulfport Energy | Range Resources Corp | Seneca Resources | Southwestern Energy
Stock Performance for Gas-Focused E&Ps (M-U Drillers) in 2023
How was 2023 with respect to the return on investment (ROI) in the stocks of gas-focused (largely Marcellus/Utica) drillers? Of the three classes of O&G companies — oil-focused, diversified, and gas-focused — it was the gas-focused drillers who had the best stock returns in 2023, according to an analysis by RBN Energy. Gas-weighted E&Ps posted a 7% median gain last year, according to RBN. Most of the companies in RBN’s list of gas-focused drillers have major operations in the M-U. Let’s have a look at how each one did.
Read More “Stock Performance for Gas-Focused E&Ps (M-U Drillers) in 2023”
U.S. oil production increased by 21% over the past five years. According to data from the Energy Information Administration (EIA), in 2023, U.S. oil producers set a new annual all-time high production record. The increase in U.S. oil production is driven by a surge of production in a handful of states. We have a list of the Top 11 oil-producing states over the past year. One of the states on the list is a Marcellus/Utica state. Can you guess which one? Hint: It’s NOT Pennsylvania…
Zacks is one of the top investment research firms focusing on stock research, analysis, and recommendations. A new alert issued by Zacks asks this question: Is Natural Gas Poised for a Turnaround After 2023 Slump? The article recaps what happened to the price of natural gas in 2023 and what may happen in 2024. Interestingly, the author says the natural gas space “is currently quite unpredictable and spooked by the sudden changes in weather and production patterns. As such, investors are clueless about what to do.” Boy, that about sums it up, right? Even without a clue about the future, Zacks makes a couple of stock pick recommendations (of M-U companies) that it feels are safe bets…
U.S. liquefied natural gas (LNG) exports hit monthly and annual record highs in December, according to tanker tracking data reviewed by Reuters. Analysts say the data shows the United States leapfrogged both Qatar and Australia to become the largest exporter of LNG in 2023. The two main factors for the U.S. achieving the #1 position are (a) Freeport LNG returned to full service after being down for 10 months following an explosion and fire, and (b) Venture Global LNG’s Calcasieu Pass facility adding more capacity to a facility that it still claims is not commercially ready.
OTHER U.S. REGIONS: A natural gas project is Biden’s next big climate test; Cheniere cuts LNG train from Sabine Pass expansion; Entry-level jobs pay six figures in ND Bakken; Berkeley’s ban on gas-powered appliances blocked by court 2nd time; Denver building owners face fines for continued use of natural gas; NATIONAL: Plan to brainwash next generation of Americans; Major ‘climate deception’ lawsuit against Big Oil dismissed; We can’t let fossil fuels die because they keep us alive; The US domestic oil industry closes a remarkably strong 2023; Left-wing climate group prepares judges for global warming cases; Brent crude oil prices averaged $19 per barrel less in 2023 than 2022; INTERNATIONAL: Shell cuts more jobs amid cost-cutting drive; Russia heads into 2024 making a mockery of Western oil sanctions; The top 5 oil producers of 2023.
Well, you knew it was just too good to be true, right? When Santa Biden promised *billions* of dollars of “government” (i.e., your) money to prime the pump on establishing regional hydrogen hubs, with at least one of those hubs using natural gas as the primary feedstock to produce the hydrogen (
Two related pipeline projects in southeast Virginia now have all regulatory approvals in hand, and the projects will soon begin construction. Columbia Gas Transmission (a subsidiary of TC Energy) applied with the Federal Energy Regulatory Commission (FERC) to build the Virginia Reliability Project (VRP), which includes two new compressor units and the replacement of existing pipeline. VRP will dig up, replace, and double the size of two sections, or about 48 miles, of the Columbia Gas pipeline between Chesapeake and Petersburg. Williams’ Commonwealth Energy Connector Project will feed VRP by building six miles of new pipeline within Transco’s existing right-of-way in Virginia, expanding a meter station, and building a 30,500-hp electric motor-drive compressor. Both projects received final approval by FERC in November (see 
Olympus Energy (formerly Huntley & Huntley) drills in the Greater Pittsburgh region, in Allegheny and Westmoreland counties. In 2021, Olympus applied to build a new well pad in a rural part of Allegheny County, in West Deer Township. So-called “concerned citizens” got amped up to oppose the project. They succeeded when town supervisors rejected the Dionysus well pad (see 
The left in Ohio is up in arms again. It’s always up in arms. Everything is a crisis. Everything is a climate tragedy. Everything is a conspiracy — so says the environmental left. Last Thursday, Ohio Gov. Mike DeWine signed House Bill (HB) 201 into law. A provision was tacked onto HB 201 late in the legislative process, several weeks before it was passed, that allows natural gas utility companies to charge customers a piddly $1.50 per month ($18 per year) to help fund new pipelines that will get built in rural areas to industrial sites — areas without existing natgas pipes. The aim is to attract new businesses to locate in the Buckeye State. Many companies won’t consider a potential site without cheap, easy access to natural gas already installed. HB 201 helps make it much more likely a business will consider a site in Ohio, given access to cheap Utica Shale gas. Cue the enviro left’s shrill response.
Columbia Gas of Ohio will start work this spring to replace a 4.3-mile section of a 20-inch natural gas pipeline from Clintonville to North Linden (Columbus), a key piece of infrastructure that brings gas to thousands of homes throughout central Ohio. Columbia Gas purchased and will demolish several buildings along the pipeline’s route as part of the project. The work is scheduled to begin in April and finish by the end of the year. Columbia’s president and chief operating officer, Vince Parisi, says the pipeline is “our backbone of Columbus” and is “pretty critical” to natural gas distribution throughout the region.
In what has become a repeating pattern, indicating we may have hit bottom, last week, the Baker Hughes U.S. rig count added two rigs, going from 620 two weeks ago to 622 last week. The pattern is to lose a few and then gain a few every couple of weeks. After Pennsylvania lost a rig two weeks ago (see