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Natural Gas Marketed in North America Grows 2% in 2Q22
Each quarter NGI (Natural Gas Intelligence) runs the numbers and publishes a list of the top twenty-something natural gas marketers in the U.S. (in the case of 2Q22, the top 24). These are not necessarily the top producers of natural gas, although in some cases they are, but the top sellers (vendors, jobbers) of natural gas. NGI’s latest quarterly report for the second quarter of 2022 shows overall, the biggest sellers of natgas increased the amount of gas sold slightly (up 2%) compared with marketed gas from 2Q21.
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MARCELLUS/UTICA REGION: DCNR announces all electricity used by agency from renewables by 2030; Global clean energy conference kicks off in Pittsburgh; NATIONAL: Oil falls as interest rate hike boosts recession fears; $80 is the new $60 for oil; Geopolitical risk, inflation create uncertainty for US LNG developers; INTERNATIONAL: Britain lifts ban on gas fracking in push for energy independence; High natgas prices push European manufacturers to shift to U.S.
Anti-fossil fuelers at Penn State are trying their hardest to spin the results of a recent study by university researchers to say it shows a link between “elevated levels of chloride in groundwater” and fracking in Pennsylvania. As we read a summary of the study appearing on Penn State News, it was obvious the study proves just the opposite–that THERE IS NO LINK between the two!
Earlier this month EQT Corporation announced it is buying Tug Hill Operating’s West Virginia shale assets for $5.2 billion (see 
It appears that Sen. Joe Manchin’s “save MVP bill” (otherwise known as the permitting reform bill) is crashing and burning. No official language or text of the bill has been released. Yet. Why is that? Manchin extracted a promise from Senate Majority Leader Chuck Schumer and House Speaker Nancy Pelosi that a bill to finish up Mountain Valley Pipeline (MVP) and streamline permitting for future pipeline projects would be brought to a vote and passed–IF old Joe voted in favor of the horrible Inflation Reduction Act (IRA), a bill (now law) that damages the fossil fuel industry. Joe got rolled. He voted to pass the IRA, and now more than one-third of House Democrats and at least one Senate Democrat (crazy Bernie Sanders) have pledged to vote against Manchin’s bill, leaving him high and dry with nothing to show for his sellout on IRA. So Manchin turned to Republicans to save his tattered reputation–and they aren’t having it. Republicans refuse to reward Manchin’s sellout. Manchin calls it “revenge politics.” We call it eating the excrement sandwich you prepared for yourself, Joe.
Never believe that the government can do anything quickly–except destroy an economy. Nearly a year ago, President Biden signed into law the so-called Infrastructure bill, some $1.2 trillion in pork barrel spending, passed with the help of turncoat Republicans (see 
U.S. natural gas prices closed at a fresh six-week low of $7.75/MMBtu yesterday. The Wall Street Journal says the natural gas market has lost its bullish momentum due to a lack of hurricanes off the Texas coast. U.S. production has reached triple digits for the first time ever, topping 100 Bcf/d, as we reported yesterday (see 
In early August, MDN reported that Marcellus driller Coterra Energy had made $1.2 billion in profit during the second quarter of 2022 (see 
A Democrat-led, partisan nonprofit calling itself Energy Future PA was launched yesterday. The anti-drilling former PA Auditor General, Eugene DePasquale (Democrat), is co-chair. The new group is also co-chaired by a RINO (Republican in Name Only)–former State Rep. Marguerite Quinn. Don’t get snookered by the fluffy platitudes from this organization. Make no mistake, Energy Future PA is partisan with a bent against shale energy.
EnerStar Solutions is a Canadian-based, privately-owned company providing goods and services to remote sites (i.e. drilling sites). The kinds of things EnerStar provides include accommodations, communications, power, lighting, and more. The company’s key areas of operation include the Marcellus/Utica, Permian, Delaware, and Bakken shale regions. EnerStar is growing. Yesterday the company announced it is buying Civeo Corporation’s U.S. wellsite service business for an undisclosed amount. Civeo is a global provider of hospitality services and workforce accommodations.
A shortage in LNG (liquefied natural gas) carriers is causing prices to rent/hire those carriers to skyrocket, and the high price of the carriers is being called a new “threat” to world energy supplies. So says a new article by Bloomberg. Natural gas traders and ship owners are warning that the ship shortage threatens to impact Asian economies that import oil and gas from the U.S., as they may find it difficult to get spare cargoes on short notice if the weather turns extremely cold this winter.