Anti-Drilling/Fossil Fuel | Berkshire Hathaway | Energy Services | Industrywide Issues | Iroquois Gas Transmission | New York | Pipelines | Regulation | Statewide NY | TC Energy/TransCanada
NY DEC Intentionally Delays Permits for Iroquois Compressor Upgrades
It is so maddening and frustrating to live and (if you are a business), operate in New York State. We have one-party rule: The radical leftwing of the Democrat Party. Former Gov. Andrew Cuomo (a lecher and liar) and current Gov. Kathy Hochul (Lt. Governor under Cuomo) are completely controlled by the radical environmental movement. Cuomo/Hochul’s latest target is to block the expansion of two compressor stations along the Iroquois Gas Transmission pipeline, preventing an additional 125 MMcf/d (million cubic feet per day) of Marcellus/Utica gas flowing into New York City and New England.
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Better late than never. Last week U.S. Senator Joe Manchin (liberal Democrat from West Virginia) filed an amicus curiae “friend of the court” brief with the U.S. Supreme Court to show his support for Mountain Valley Pipeline (MVP) in its fight against the actions of the U.S. Court of Appeals for the Fourth Circuit (see 
For the second week in a row and the 11th time in the last 12 weeks, the U.S. active rig count lost rigs. Last week the number decreased by six rigs, after falling five rigs the week before (see 
An Exxon Mobil executive told the Nikkei news service his company is looking to nearly double the volumes of liquefied natural gas (LNG) it is handling to more than 40 million tons per annum (MTPA) by 2030. Exxon currently handles roughly 22 MTPA now. The company plans to invest in LNG projects, offshore oil in Guyana and South America, and in U.S. shale (the Permian). What about the Marcellus/Utica?
Rich Negrin, newly ensconced Secretary of the Dept. of Environmental Protection (DEP) in Pennsylvania, was supposed to be the Great White Horse riding it to correct the problems at the DEP and “make the trains run on time” (i.e., clean up the bureaucratic dysfunction at the agency). He’s been running the agency since January, yet we haven’t seen any noticeable changes. Is it too soon to expect results? Last Friday, as happens about once every other month, the DEP’s oil and gas reporting database was offline, throwing an error. We could not bring you PA’s permit numbers for Friday (see 
MARCELLUS/UTICA REGION: From ‘man camp’ to treatment center; OTHER U.S. REGIONS: Phil Murphy’s plan to ban natural gas in New Jersey; NATIONAL: U.S. court tosses challenge to EPA’s greenhouse gas ‘endangerment finding’; Mike Kelly: Government is an invasive species; DOI’s “balanced approach” for O&G development is out-of-touch with reality; How much longer can shale support U.S. oil and gas production?
Long-range forecasts for hot weather and a lighter-than-predicted storage report for natural gas led to a 6% spike up in the price of the NYMEX Henry Hub yesterday, closing at $2.76/MMBtu. The National Weather Service released modeling yesterday that shows hot temps will get hotter for the end of July and the beginning of August. Also, the U.S. Energy Information Administration (EIA) released its weekly storage report yesterday, showing 41 Bcf was injected into storage for the previous week–lower than a predicted mid- to upper-40s Bcf. That was enough for traders to bid up the NYMEX price.
On Tuesday, U.S. Senator Joe Manchin (liberal Democrat from West Virginia) filed an amicus curiae “friend of the court” brief with the U.S. Supreme Court to show his support for Mountain Valley Pipeline (MVP) in its fight against the actions of the U.S. Court of Appeals for the Fourth Circuit (see 
Kimmeridge Energy, a private investment firm focused on the energy sector, yesterday published a white paper entitled, “I Still Haven’t Found What I’m Looking For.” The thesis of the Kimmeridge report is that there are still too many (and too small) drillers in the shale sector. Kimmeridge believes we need consolidation into fewer, and bigger, companies. Why? There are not enough investors to go around, according to the report. As a result, the valuation of existing too-many public companies is too low. The fix is for fewer and bigger shale drillers.
Results from a new poll conducted by Morning Consult (on behalf of the American Petroleum Institute) indicate that an overwhelming majority of voters not only support the production of more American energy but also want the economic contributions of oil and natural gas to inform energy policies in the United States. Some 90 percent of voters agree that natural gas and oil play an important role in strengthening the U.S. economy. Some 88 percent of voters believe it is important to produce natural gas and oil here in the U.S. So why is Joe Biden trying to obliterate fossil energy?
We love a good “back from the dead” story. In 2017 Epiphany Water Solutions (aka Epiphany Environmental, LLC) filed for a permit to build a centralized oil and gas wastewater treatment facility in Coudersport (Potter County), PA (see 
Cheniere Energy CEO Jack Fusco dropped a verbal bomb at the LNG 2023 conference held last week in Vancouver, British Columbia (Canada). Fusco told journalists that his company “will likely build a pipeline” that connects to other pipelines to flow even more natural gas to its Sabine Pass LNG export facility that sits near Sabine Lake, close to the Gulf Coast. The motivation is to get more gas for a planned “stage 5” expansion of the Sabine Pass facility, designed to liquefy and export an additional 20 million tonnes per annum (MTPA) of LNG.
In January, Ohio House Bill (HB) 507 became law with the signature of Gov. Mike DeWine (see