Shale Energy Stories of Interest: Fri, Nov 1, 2019
MARCELLUS/UTICA REGION: Tristate area’s energy crisis being met with empty promises; The New York Attorney General’s terrible, horrible, no good, very bad week; CCBC talks career pathways, collaboration at readiness forum; Beaver County officials disheartened by Pittsburgh mayor’s dismissal of petrochemicals; OTHER U.S. REGIONS: The evolution of ‘man camps’ — from tents to basketball courts and swimming pools; NATIONAL: Asians better hope it’s a Trump win in 2020; NYMEX natural gas inches lower after higher than expected storage build report; New freight regulations would derail US energy independence; Bill Nye The Talking Point Guy (video).
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In December 2015, Pennsylvania’s felony-indicted Attorney General, Kathleen Kane (who later was convicted and did jail time) brought a lawsuit against Chesapeake Energy and Anadarko accusing them of royalty fraud (see
Of all the issues that drives us crazy, this one is near or at the top of the list–the charge that building a low-emissions compressor station for Dominion Energy’s Atlantic Coast Pipeline (ACP) about an hour outside of Richmond, Virginia is “racist” because it will be built in a community founded by emancipated slaves following the Civil War. The so-called “environmental justice” issue.
Antero Resources, one of the biggest and best “pure play” drillers focused on the Marcellus/Utica (with major operations in West Virginia), released their third quarter update yesterday. The company reports producing an amazing 3.37 billion cubic feet equivalent per day (Bcfe/d) of natural gas production (32% liquids), while spending just $290 million to do it–the lowest quarterly spend since the company went public in 2013. On the down side, the company reported a $150 million net loss, but that’s mainly because of a one-time “impairment charge,” meaning it was a paper loss, not a cash out-of-pocket loss.
In September, the U.S. Court of Appeals for the Third Circuit issued a precedent-setting decision that disallows PennEast Pipeline from using the federally-delegated power of eminent domain to cross properties either owned by, or with easements granted to, the state of New Jersey (see
Southwestern Energy continues to be a trailblazer among Marcellus/Utica shale drillers. The company voluntarily participates in several environmental programs aimed at lowering methane emissions, including the TrustWell™ Responsible Gas Program and the ONE Future organization (see
Is this time different? The oil and gas industry is known for its “boom and bust” cycle. The price of oil and gas goes high, drillers jump on the bandwagon and inevitably produce far more than the market demands resulting in a price bust and a slowdown in drilling as it becomes unprofitable. Until the next cycle.
Equitrans (nee EQT Midstream) owns a natural gas storage field in Greene County, PA, in the southwest corner of the state, called Swarts Field. Natural gas storage fields are an important, but often overlooked, part of the natgas ecosystem. Last December the state Dept. of Environmental Protection (DEP) threatened to shut down Swarts Field because of coal mining in the area, saying Equitrans had not properly mapped old/abandonded conventional gas wells in the area (see 

We’re still feeling the fallout of FirstEnergy’s sleazy campaign to keep their $1 billion ratepayer bailout in Ohio. Last week we told you about FirstEnergy’s Mafia-like tactics in attempting to block petitioners from gathering signatures to overturn House Bill 6 that hands FirstEnergy $1 billion (see
While on the surface the liquefied natural gas (LNG) marketplace may seem simple and straightforward, when you dig down you’ll find it is complex. There are different kinds of contracts between those who sell the gas, those who liquefy and ship it, and those who buy it. The LNG marketplace is, with the entrance of the U.S., changing rapidly. Our friends at RBN Energy recently posted an explanation for how it all works.
Quick, when we ask you how natural gas gets exported from the U.S. to other countries, what do you think of? LNG, right? That’s true. Yet while LNG grabs all the headlines, more than twice as much natural gas is exported to Canada and Mexico via pipeline every day than is exported to other countries via LNG ships. LNG is expanding and catching up–but it has a ways to go. According to the U.S. Energy Information Administration, during the first half of 2019 natural gas exports from the U.S. to other countries doubled–largely because of LNG.