BP Energy Outlook 2019 – US LNG Front and Center
UK oil and gas giant BP recently released its 2019 edition of their BP Energy Outlook. As they do each year, BP predicts renewable energy sources will continue to grow. However, the inescapable conclusion you get from this latest report is that LNG (liquefied natural gas) will play a staring role in the energy picture over the next 20 years. Not only that, but LNG coming from the U.S. is will receive the best actor award.
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OTHER U.S. REGIONS: Air Products with Golden Pass LNG equipment deal; Texas oil and gas industry pays $38 million A DAY to fund schools, roads, first responders; NATIONAL: Green New Deal: OMG! (video); INTERNATIONAL: Power of Siberia pipeline to deliver gas to China in December 2019.
Is this really the depths to which we’ve now descended? If you disagree with a legitimate, legal business and their right to engage in a legitimate, legal practice (but you don’t like it), you bastardize the legal system and launch a criminal investigation?
In 2013 Eureka Resources built a Marcellus Shale wastewater treatment facility near Towanda (Bradford County), PA with a capacity to treat up to 10,000 barrels of wastewater per day (see
Last week Equitrans Midstream (formerly EQT Midstream) released their fourth quarter and full year 2018 update (see
It’s been a while, quite a while, since we’ve heard anything from or about EV Energy Partners, which renamed itself to Harvest Oil & Gas after exiting bankruptcy last June (see
“OK Republicans, time to put up or shut up” (so says the wacky left-wing fringe of the Democrat Party). “You don’t like the Dem’s Green New Deal? You think it’s certifiably crazy (which it is)? Tell us what *your* plan is to save the environment.” Glad you asked! Republicans have one, and it’s called switching to natural gas. Republicans propose to replace Communist-inspired Green New Deal with a Blue Real Deal.
A drilling team with experience drilling more than 1,000 Marcellus shale wells in Pennsylvania with laterals from 1,500 feet to 11,000 feet recently published a research paper looking at best practices and what it will take to routinely drill wells with laterals longer than 18,000 feet.
The latest edition of the MDN Weekly Digest is now ready. The digest is the meat and “essence” of each story for all posts appearing on the MDN website during the past week, collected in a single PDF document capable of being downloaded and printed. The Weekly Digest is available to paying subscribers only as part of your
EQT released its fourth quarter and full year 2018 update yesterday. The numbers show the company lost, on paper, $2.2 billion–but the loss was from “impairments,” writing off the value of old assets they had sold. Not an actual $2.2B out-of-pocket loss. The company, which is the largest natural gas producer in the U.S., produced 1.49 trillion cubic feet equivalent of gas in 2018, up an incredible 68% from the 888 billion cubic feet produced in 2017.
It seems we owe an apology to Williams for the story we ran earlier this week (see
TransCanada has cooked up a plan to expand an existing pipeline in New England and connect it to a point in Quebec to flow gas from the opposite side of the continent, Western Canadian natural gas (over 1,000 miles away), into New England! And we can’t get a single new pipeline project approved to flow Marcellus gas a few hundred miles away into New England. Something is seriously wrong with this picture.
Eclipse Resources, which is about to be merged with Blue Ridge Mountain Resources (the old Magnum Hunter Resources), just posted its fourth quarter and full year production results, along with 2018 proved reserves numbers. The update is short and not-so-sweet.
Blocking pipelines into New York State and New England has real-world consequences. Lack of natural gas supplies is causing multiple local utility companies in New England and New York State to put moratoriums on new customers from hooking up to natural gas. Another local utility yesterday announced a moratorium–this latest one in Massachusetts.