Shale Energy Stories of Interest: Fri, Jan 17, 2020
MARCELLUS/UTICA REGION: Tenaska offering scholarships to students from Belle Vernon, Yough; Steel Nation names director of business development; OTHER U.S. REGIONS: Wisconsin regulators approve Superior natural gas plant; Exxon says Mass. AG timed climate suit with NY trial; Harvard students [enviro fascists] threaten to boycott Paul Weiss over Exxon; NATIONAL: U.S. natural gas exports to grow with new LNG capacity start-ups; EIA forecasts slower growth in natural gas-fired generation while renewable energy rises; Trade deal for now unlikely to give U.S. LNG exports a boost; US oil, gas rig count rises by five to 840; Growing gap in U.S. natural gas hub prices blamed on Louisiana pipeline congestion; Energy companies seize the day with bond refinancings; INTERNATIONAL: New Panama Canal fees not seen dampening U.S. LNG exports; Swedes vote climate policy biggest waste of taxpayer money in 2019.
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The annual 60-day legislative session in WV is now under way, beginning Jan. 8. The first bill of consequence introduced that would impact/help the oil and gas industry was House Bill (HB) 4001, designed to kick start a regional NGL hub and reassure China it’s OK to invest some of those promised $84 billion in the Mountain State (see 
Yes, 2019 was a tough year here in the Marcellus/Utica shale due to low natural gas prices drillers received for their gas. The U.S. Energy Information Administration says the average spot price for natural gas at the benchmark Henry Hub was $2.57 per million BTUs (MMBtu) in 2019. But the news gets worse. EIA says that in 2020, because of increasing natgas production without a corresponding increase in demand, they predict this year’s average HH price will sink to $2.33/MMBtu. That’s 9% lower this year than last.
Last August MDN told you about a project in Keene, NH to convert an existing (antiquated) propane delivery system for the 1,200 customers in Keene over to cheaper, more abundant natural gas (see 
Yesterday MDN told you that 16 highly partisan, far-left Democrat attorneys general had filed comments opposing President Trump’s plan to allow LNG (liquefied natural gas) to be transported by special rail cars (see 
On Monday EQT, the nation’s largest natural gas producer (based in Pittsburgh) filed an update with the SEC to say it would write down the value (called an impairment) for some of it’s Marcellus/Utica assets–to the tune of $1.8 billion (see 
A slight tweak and correction to a story we ran last week in which we speculated that the first four mini-trains at Kinder Morgan’s Elba Island LNG export facility are now up and running (see 
In December, Blackstone Infrastructure Partners, a major energy investment firm, announced it had cut a deal to buy the remaining shares of stock it doesn’t already own in Tallgrass Energy for $3 billion, with a plan to take the company private (see 
Last April President Trump issued an Executive Order directing the Secretary of Transportation to write a new rule allowing specially constructed tanker cars for railroads (DOT-113 tank cars) to ship LNG, i.e., liquefied natural gas (see 
In December 2017 MDN told you about the bastardization of our justice system by Michael Bloomberg. Bloomberg funneled money to New York University (NYU) School of Law which in turn pays to hire radical (Democrat) attorneys to work inside the offices of the attorneys general in 10 different states, including Pennsylvania (see 
BlackRock Inc. is the world’s number #1 asset manager–with nearly $7 trillion in investments. The company invests in a LOT of companies that produce or are dependent on the production of fossil fuels. Important company to our industry. BlackRock CEO Larry Fink, in a pair of letters (one to CEOs and one to investors) has just signaled BlackRock will begin to move away from fossil fuel investments. But (and this is a big but), it won’t happen overnight.