Shale Energy Stories of Interest: Tue, Jan 28, 2020
OTHER U.S. REGIONS: FERC staff issues supplemental EIS for Magnolia LNG capacity project; NATIONAL: Cheniere hits 1000 LNG cargoes milestone; EIA forecasts U.S. crude oil production will keep growing through 2021, but more slowly; Shale production is on DUC life support and will need it going forward; As gas prices crash, will this shale giant survive?; Will Democrats embrace fossil fuels in crucial swing states?; BERNing Down America (video); INTERNATIONAL: China’s promise to buy more US energy probably unachievable.
Read More “Shale Energy Stories of Interest: Tue, Jan 28, 2020”
How many times over the years has MDN made this observation, using words along these lines: Cabot Oil & Gas is the only Marcellus drilling we know that can spin gold out of straw. Meaning they make money even at some of the lowest natural gas prices in the country, found in northeastern PA. A recent post by an energy investment advisor examines Cabot’s unique ability to make money at low prices.
Pennsylvania’s Pipeline Investment Program (or PIPE) grants cover part of the cost for building new natural gas pipelines to connect homes and businesses in rural parts of the state to homegrown Marcellus Shale gas supplies. We’ve written about many of the more-than-a-dozen (so far) PIPE grant projects in the past (
EnCap Investments is a venture capital investor that funds independent companies in the U.S. oil and gas industry. EnCap has its fingers in a number of pies in the Marcellus/Utica. According to a Bloomberg article, EnCap plans to use a pile of $6 billion in cash it’s sitting on to drill new oil and natural gas wells this year. EnCap currently runs 23 drilling rigs at its various portfolio companies. Two of those companies drill in the Marcellus/Utica.
Seems like all we see in mainstream media are articles bashing Energy Transfer’s Mariner East (ME) NGL pipeline projects. Most of the negative press comes from southeastern PA where the pipeline has hit snags in building through Philadelphia suburbs. Imagine our surprise in seeing a guest editorial in a southwestern PA newspaper supporting the ME project, a column that details just how this massive project has benefitted the Keystone State in numerous ways–all across the state.
We almost didn’t run this post, but, well, it was just too funny not to! Danny DeVito is running to become the next representative for the 45th District of the Pennsylvania State House, located in Allegheny County (i.e. Pittsburgh). And he’s running as a Republican on a pro-shale drilling platform! Wait, isn’t Danny DeVito that really short Hollywood actor who’s an uber-liberal and hardened Democrat?! Indeed he is. But we’re not talking about *that* Danny DeVito.
One of the worst overreaches and offenses of the Obamadroids was to redefine what “waters of the United States” (or WOTUS) actually means. As they were getting ready to leave power, the Obama EPA redefined WOTUS as everything down to large mud puddles–no lie (see 
There have been a number of twists and turns for the PennEast Pipeline project, a $1.2 billion new greenfield pipeline project from Luzerne County, PA to Mercer County, NJ. The project has not yet moved one shovel of dirt due to ongoing delays from lawsuits by (disgusting) Big Green groups and their colluders, mainly the Democrats who now run the state of New Jersey. Here’s one more twist–the Federal Energy Regulatory Commission (FERC) delayed weighing in on a request by PennEast for help regarding clarification on the use of eminent domain.
As we reported earlier this week, New York Gov. Andrew Cuomo intends to take full advantage of a far-left, Democrat-controlled state legislature, in order to pass a permanent (for all time) ban on fracking (see 
For many years the U.S. has imported natural gas. When you look at how much natural gas we import versus how much we now export, via LNG and pipelines, the difference is a number called “net exports.” The U.S. now exports more natural gas than it imports. The U.S. Energy Information Administration is fresh out with a report that says our “net export” number is set to *double* in the next two years.
