Other Stories of Interest: Thu, Oct 22, 2020
MARCELLUS/UTICA REGION: Trump blasts Biden’s fracking plans at rally; Cabot Oil & Gas: poised to generate nearly $700 million in positive cash flow in 2021; Energy Transfer awards $34,700 grant to protect Lower Chichester volunteer firefighters; OTHER U.S. REGIONS: Texas oil trade group launches online career center as layoffs mount; NATIONAL: EIA forecasts slightly higher U.S. propane consumption this winter season; Trump commands energy sector’s financial backing, but Biden makes inroads; Five largest US oil and gas companies lost $307bn in market cap YoY, a 45% plunge amid COVID-19 crisis; INTERNATIONAL: Climate experts fly more often than other scientists.
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Yesterday MDN told you of a new threat to LNG shipments from Louisiana with the grounding of a semi-submersible rig, blocking traffic coming from Cheniere Energy’s Sabine Pass LNG export terminal (see 
Rystad Energy, headquartered in Norway, is an independent energy research and business intelligence company providing data, tools, analytics and consultancy services to the global energy industry. Rystad’s latest emailed newsletter contains a forecast for North American shale oil and gas production and capital investments, with the focus on the key contributing shale plays (including the Marcellus and the Utica). It is a fascinating forecast that shows a big increase coming in both shale oil and shale gas production between now and 2030.
Pennsylvania is so lucky to have a group of talented state legislators in both the House and Senate. Last week a group of House Republicans introduced a group of new bills they have dubbed “Commonwealth’s COVID Comeback.” The bills are aimed at bringing more jobs to the Keystone State in the manufacturing and energy sector. One of the bills is squarely aimed at getting the foot-draggers at the Dept. of Environmental Protection (DEP) to approve permits faster.
Methane (CH4) is one of the most abundant, naturally-occurring organic compounds on Planet Earth. And yet loony leftists claim it’s a pollutant and killing the planet. Go figure. We’ve always been fans of using methane as a fuel substitute for gasoline. But let’s face it, storing it in high-pressure tanks (CNG) or liquefying it and storing it at minus 260 degrees (LNG), is not an ideal way to use it in moving vehicles. It’s not handy or easy and takes special tanks. Researchers may just have found a solution for that problem.
New polls arrive each day now to proclaim that Donald Trump is toast and sleepy/creepy Uncle Joe Biden is going to win big. New polls arrive just about every week to announce that Americans are suspicious of shale fracking and would, in a heartbeat, dump fossil fuels. Don’t believe either the political or fracking polls so-called mainstream media releases. Why? Because the polls themselves are constructed not to determine public opinion, but to shape it. Almost all polls today are push-polls.
There is a battle underway by Big Green groups in Pennsylvania to unduly influence, pressure, and bully a quasi-governmental agency, the Delaware River Basin Commission (DRBC), into overturning a legally permitted LNG export facility planned for the New Jersey shore of the Delaware River by New Fortress Energy (NFE).
Range Resources is the company that started it all in the Marcellus by drilling the very first Marcellus Shale gas well back in 2004. Range also was the first to drill in the Upper Devonian and Utica layers. Over the years Range, like many other M-U drillers, has invited folks to go on tours of their drilling sites. If you’ve never been on a rig tour, take one! At least, when they begin again. Due to the coronavirus, Range, like other drillers, stopped in-person rig tours. However, Range now conducts virtual (live) rig tours instead.
The transition from energy freedom to energy Fascism (the forced abandonment of fossil fuels) is happening far faster than anyone thought possible. Never in our lifetime did we believe Americans would willingly choose Communism and Fascism over American freedom, yet that’s what is happening and will be accelerated under a Joe Biden administration (perish the thought).
MDN is updating our Calendar page more frequently to bring you the latest news on events of interest that have either been canceled, postponed, or in some cases, have gone virtual. We encourage you to review the list. A number of free and low-cost webinars and online events have popped up as an alternative to in-person meetings.
Enough! How many times do we have to put up with Obama/Clinton liberal Democrat judges from the U.S. Court of Appeals for the Fourth Circuit blocking the legal and legitimate construction of Mountain Valley Pipeline (MVP)–a project which is 92% in the ground and done! Last Friday the clowns did it again for the umpteenth time–slapping a “temporary” order blocking construction because the anti-America, Russia-backed Sierra Club filed yet another frivolous lawsuit against the project.
Even if and when Mountain Valley Pipeline (MVP) gets completed and goes online, flowing Marcellus/Utica gas to the southern U.S., it still will not be enough to significantly lift the price of natgas for M-U drillers. That’s according to an analysis by the experts at S&P Global Platts.