Columbia Gas of PA Testing Sawdust + NatGas to Power Pickup Truck
Move over compressed natural gas (CNG), here comes sawdust! Let us explain. Columbia Gas of Pennsylvania, a large, multi-state natural gas utility company, is piloting an experiment of outfitting a Ford F250 that uses an absorbed natural gas system to store natgas used to burn in the truck’s engine. The ingenious system was created by a company called Ingevity Corp., and it uses activated carbon, a charcoal-like sand made from sawdust that traps and stores natgas molecules at much lower pressures than the typical CNG tank.
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Halliburton, the world’s second-largest oilfield services (OFS) company and the world’s largest vendor of fracking services, issued its third quarter update yesterday. Halliburton reported adjusted net income per diluted share of $0.60/share, more than double from the same period last year. Halliburton boosted sales by more than one-third to $5.4 billion, led by North America. Unlike the world’s largest OFS company, SLB (formerly Schlumberger), Halliburton has sold off its Russian operations and no longer does work in that country. SLB continues to work in Russia.
Although we didn’t watch all of last night’s debate between Pennsylvania Lt. Gov. John Fetterman and Dr. Mehmet Oz, we’ve read plenty of accounts and have watched some of the clips. Fetterman, by all accounts, was a disaster. We read numerous accounts by both Republicans and Democrats that watching Fetterman self-destruct was “painful.” In particular, Fetterman stumbled and bumbled when rigorously questioned about his flip-flop on the fracking issue. We watched it (segment embedded below), and indeed, it is painful to watch.
For at least five years, MDN has reported that the primary source of imported LNG for Boston, Trinidad & Tobago, has seen falling output of natural gas (see 
MARCELLUS/UTICA REGION: Josh Shapiro is a ruthless technocrat out for himself; OTHER U.S. REGIONS: West Texas nagas prices go negative for first time in two years; NATIONAL: U.S. natgas gains 5% on technical move, forecast LNG export rise; China’s thirst for U.S. natural gas triggers new fears.
Today we bring you a guest post from MDN friend Garland Thompson, a gifted reporter/writer who covers energy and technology issues for US Black Engineer & Information Technology magazine, the Philadelphia Tribune, and other periodicals. State Sen. Gene Yaw will host a hearing in Philadelphia on Thursday to explore LNG, its role on the world stage, and the potential role Philly can play in providing it. Using the upcoming hearing as a jumping-off point, in this post, Garland connects the dots between proposed House Bill 2458 (see 
Banpu is Thailand’s largest coal mining company. But Banpu is far more than just a coal company. It has multiple subsidiaries in various energy industries scattered around the globe. For example, here in the U.S., Banpu partners with Kalnin Ventures and operates BKV Corporation (
Expectations play a big role in investing. The financial markets do a lot of anticipating and forecasting and guessing about where a company or entire sector is heading. Such is the game being played right now with expectations for Marcellus/Utica shale gas companies and their forthcoming third quarter financial updates. Given the high price of natural gas during 3Q22, analysts expect shale gas companies to be swimming in free cash flow. The natural follow-on question is, what will they do with all of that extra cash?
This is, indeed, a sad day. Last Thursday, Mountain Valley Pipeline LLC (MVP), which is majority owned by and is operated by Equitrans Midstream Corp., filed a notice to voluntarily dismiss eminent domain proceedings against landowner holdouts in North Carolina for land needed to build an extension of MVP into the state, called MVP Southgate. An Equitrans spokesman said the company hasn’t given up on the Southgate extension. We don’t believe it for a New York minute. We’ve seen this movie before when PennEast Pipeline canceled eminent domain, first in Pennsylvania (see 
What the heck is going on with natural gas prices? Last Friday, the NYMEX futures price (based on the Henry Hub spot price) lost another $0.40 to close at $4.96/MMBtu. NGI’s Weekly Spot Gas National Average dropped $0.54 to $4.99/MMBtu. The NYMEX lost $1.49 last week, representing a 23% drop in price–in one week! Last week marked the longest losing streak for natural gas prices (9 straight weeks) since the week ending Feb. 8, 1991, when the market fell for 11 straight weeks. Yuck.
As part of its third quarter 2022 update, Kinder Morgan (KM) CEO Richard Kinder said his company is bullish on U.S. LNG exports. Kinder said he expects (predicts) U.S. LNG exports will more than double, from the current 11 billion cubic feet per day (Bcf/d) to 28 Bcf/d by 2030–less than eight years away. KM flows around 50% of all the molecules that get exported as LNG from this country, so Kinder should know a thing or two about the LNG market.