EQT Joins UN’s Oil & Gas Methane Partnership 2.0 Initiative
EQT continues to fall all over itself in its efforts to prove the natural gas it extracts from Mom Earth is environmentally friendly and safe and good and yummy and worthy and… We’ve lost track of how many certification programs the company has joined–at least four prior to yesterday. The latest (fifth?) program EQT has joined is the United Nations’ Climate and Clean Air Coalition’s Oil & Gas Methane Partnership (OGMP 2.0).
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A “reporter” at the Columbus Dispatch has just published a hatchet job on a shale waste handling and processing facility located in Belmont County, OH. The facility is located (gasp!) a half-mile away from a high school and a hospital. It’s also located near the Ohio River and it handles (gasp!) “radioactive waste.” That’s how the article begins. It goes downhill from there, making wild claims of “overflowing barrels” of radioactive waste at the facility.
Here’s a peer-reviewed, published research study you won’t read about in mainstream media. Researchers at Carnegie Mellon University (CMU), Penn State University, and the North American Electric Reliability Corporation recently published research in The Electricity Journal (full copy below) detailing how much money it cost New England electric ratepayers in 2014 when there was a cold-weather event that caused a shortage of natural gas used for power plants, due to lack of pipelines. New Englanders paid $1.8 BILLION for that one event in skyrocketed electric rates–due to the folly of their elected leaders in blocking new pipelines to the region.
MARCELLUS/UTICA REGION: Natural gas company donates $10K to food bank; OTHER U.S. REGIONS: Dallas Fed says E&P, OFS execs optimistic for higher Henry Hub, WTI prices; Exxon must face Massachusetts lawsuit alleging climate change deceit; NATIONAL: Oil prices finish higher amid overbought signs; Shale output flat despite 400% jump in frac crews; Mont Belvieu propane prices top $1 a gallon; how high will they need to go?; No plan ‘right now’ to permanently ban new oil and gas leasing, Haaland says; Climate policy by judicial decree; INTERNATIONAL: Power CEOs defend role for natgas in shift to climate-friendly grid; How Vladimir Putin uses natural gas to exert Russian influence and punish his enemies.
Three far-left Democrat judges on the U.S. Court of Appeals for the D.C. Circuit have attacked the Marcellus/Utica by overturning a Federal Energy Regulatory Commission (FERC) approval for a long-completed and flowing natural gas pipeline in the St. Louis, MO area–a pipeline that flows M-U gas to residents, businesses, and electric generating plants in the region. The Spire STL pipeline now faces closure. It is a 
The price of natural gas traded on “forward” contracts for the fall at what used to be called the Dominion South (now called Eastern Gas Transmission) trading hub near Pittsburgh is up 23 cents (14%) for contracts in September and October. Forward prices are based on current spot prices. Translation: The market is strongly indicating it thinks the price of M-U gas is heading higher in the coming fall months.
An interesting post by our favorite government agency, the U.S. Energy Information Administration (EIA) about their latest predictions for the price of natural gas at the benchmark Henry Hub. EIA predicts the average price at HH this year, in 2021, will end up being around $3.07 per million British thermal units (MMBtu). The average in 2020 was $1.998 (round it up to $2.00). So this year the average price will be some 54% higher than last year. What about 2022?
We have published a number of posts about hydrogen (H2), the next “big thing” in energy (
Two of three Marcellus/Utica states received permits to drill new shale wells last week, and boy did they open the floodgates! Pennsylvania issued 30 new permits, the majority of which are located on three well pads operated by EQT, Chesapeake Energy, and Range Resources. Ohio issued no new permits. After getting skunked for two weeks in a row, West Virginia issued 16 new permits–to just two drillers: Antero Resources and EQT. All of the WV permits were issued in the same county.
The West Virginia Dept. of Environmental Protection (WV DEP) is moving forward with its constitutional duty to evaluate whether or not the state should issue a federal Clean Water Act permit allowing Mountain Valley Pipeline (MVP) to finish crossing water bodies it hasn’t already crossed under a previous permit (which was overturned by the lefties of the U.S. Court of Appeals for the Fourth Circuit). WV DEP will hold an online, virtual hearing tonight at 6 pm to accept comments from the public.
Last week CenterPoint Energy filed a request with the Indiana Utility Regulatory Commission (IURC) to replace portions of its coal-fired generation fleet with two natural gas combustion turbines. The two units would provide a combined 460 megawatts (MW) of electricity as a backup to CenterPoint’s wind, solar, and battery storage. The plants would not operate continuously (which is a shame). Where will the gas come from to feed these new gas-fired plants?