Here’s Why Natural Gas Heating is NOT Going Away Anytime Soon
Not a day that goes by without a story in Big Media announcing another municipality has passed (or is considering passing) a law/regulation prohibiting new homes and businesses from using natural gas for heating, cooking, etc. The proffered solution by these foolish dunderheads is that new structures must use electric for heat. Eventually (like here in New York by 2050), not only new structures but existing homes and businesses will have to convert to all-electric too (see New York Residents Must Dump Oil & Gas Furnaces by 2050). Except, that’s all a fiction.
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MARCELLUS/UTICA REGION: Shale gas pioneer Chesapeake Energy worth US$5.13 billion on bankruptcy exit; Antero Resources announces pricing of upsized $700 million offering of senior notes; Energy Transfer announces new Chief Financial Officer; NATIONAL: Higher North American natural gas prices forecast in 2021 as demand outpaces production; Global LNG shortage all but guarantees tight U.S. natural gas storage for the rest of 2021; Renewables account for most new U.S. electricity generating capacity in 2021; Fracking the virus: how oil and gas contribute to the fight against COVID-19; Unjust transition: anti-energy groups mock unemployed energy workers; Free speech is under major assault by Big Tech fascists; INTERNATIONAL: Why natural gas demand fell only slightly despite pandemic; Africa could be locked into fossil fuel future, warns new report; Cold snap sparks record rise in natural gas prices in Asia.
Last June New Jersey Attorney General Gurbir Grewal filed a brief with the U.S. Supreme Court asking the court to not even consider hearing a case involving PennEast Pipeline (see 
Last week we told you about anti-fossil fuel zealots (including THE Delaware Riverkeeper) attempting to convince the incoming Biden administration to block the now fully permitted and authorized LNG export terminal New Fortress plans to build on the New Jersey shore of the Delaware River in Gibbstown (see 
In our book, methane (CH4) is methane and needs no justification to be drilled for and widely used. But for those who drill for it, or flow it through pipelines, methane now has to be perceived as “green” or risk going the way of the dodo bird. This is how the game is played. Various organizations have sprung up in an effort to prove drillers (and others) are harvesting and moving methane in an environmentally safe manner. One of those systems for certifying the greenness of gas is the Responsible Gas program by Independent Energy Standards Corp. (see 
The Enverus U.S. oil and gas rig count slipped by one to 406 over the past week. The Marcellus play stayed even with 32 active rigs. However, in a good sign, the Ohio Utica picked up 2 new rigs to close the week with 8 active rigs (total of 40 active rigs in the M-U).
Late last week Shell shut down all work at its ethane cracker plant site in Monaca (Beaver County), PA to test workers for COVID-19. After testing roughly 7,400 (out of 7,950) workers Shell found 141 positive results, or 1.9%. Workers began returning to the site on Wednesday.
Big Green (Democrat) organizations are feeling full of themselves following the Biden/Harris election and winning control of the Senate. They’re making some pretty big boasts of what they’ll demand from Biden and Chuck Schumer. Demands like no new pipelines, ban natural gas everywhere, force all new cars to be electric, yada yada yada. One of the worst of the worst of the Big Green groups is the radical National Resources Defense Council (NRDC). In a blog post yesterday, the New York chapter of the NRDC lays out its 2021 plans that include their intent to try and block the construction of the New Jersey LNG export facility and block construction of the PennEast Pipeline in Pennsylvania.
U.S. exports of liquefied natural gas (LNG) set a new all-time record high in December, averaging 9.8 billion cubic feet per day (Bcf/d). The results in December were more than three times higher than the reduced export levels of last summer. Marcellus/Utica gas played a key role in those exports.
The Marcellus/Utica is the #1 natural gas producing play in the country. Last month the M-U region produced 33.6 billion cubic feet per day (Bcf/d), according to the U.S. Energy Information Administration’s December Drilling Productivity Report (see 
The average price for natural gas at the benchmark Henry Hub in southern Louisiana was $2.05 per million BTUs (MMBtu) in 2020. That’s the lowest average annual price in at least 25 years, maybe longer. The U.S. Energy Information Administration (EIA) says while natgas usage rose in gas-fired electric plants, usage dropped for residential, commercial, and industrial users due to the ongoing pandemic.