Natural Gas Now Best Picks – September 23, 2023

Ohio River Corridor

Natural Gas Now Best Picks – September 23, 2023

Natural Gas Now Best Picks – September 23, 2023 Tom Shepstone Shepstone Management Company, Inc. … … Readers pass along a lot of stuff every week about natural gas, fractivist antics, emissions, renewables, and other news relating to energy. This week’s natural gas best picks: Big Cats Going, Going, the Enemy Is Us, Not Panicking

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Federal Judge Uses BOEM’s Own Findings to Overturn Interior’s ‘Surprise Switcheroo’ In Upcoming Offshore Lease Sale

On Thursday, a U.S. District Court Judge in Louisiana barred the Department of Interior (DOI) from limiting acreage available to energy production in its upcoming offshore oil lease sale, which is scheduled to take place on September 27th. The decision was a blow to activists and the Biden administration, who hoped to restrict oil drilling

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Chart Talk: Global Oil Prices on a Massive Upward Trend

Oil prices for select global crudes are on a massive upward trend with $100/bbl just out of reach, according to data from General Index, a tech-native benchmark provider, and analysts say the prices prices are driven by OPEC+’s decision to extend production cuts. This post appeared first on Hart Energy.

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PA Game Comm. Does 2 Deals with PGE to Allow Drilling, 16% Royalty

Last week, the Pennsylvania Board of Game Commissioners announced it had cut two different deals with Pennsylvania General Energy (PGE). Both deals involve land swaps with the prospect of new shale drilling by PGE on the way in both Lycoming County and Sullivan County. The Game Commission’s remit is “to protect, propagate, manage and preserve…

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SRBC Approves 8 New Water Withdrawal Requests for Shale Drilling

The highly functional and responsible Susquehanna River Basin Commission (SRBC), unlike its completely dysfunctional and irresponsible cousin, the Delaware River Basin Commission (DRBC), continues to support the shale energy industry by approving water withdrawals for responsible and safe shale drilling. Last week, the SRBC approved 22 new water withdrawal requests within the basin, eight of…

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M-U Drilling Profits Hit Two-Year Low, Better Days Ahead?

Investors in shale oil and gas companies suffered for years with little or no returns for the money they invested. Five of eight large Marcellus/Utica drillers saw their share prices decrease by an astonishing 85% or more from 2008 to 2019 (see Former EQT CEO: Shale Revolution a “Disaster” for Investors). Just before the COVID…

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FERC Approves Port Arthur LNG Phase 2 Expansion Project

Earlier this year, Sempra Infrastructure, a subsidiary of Sempra, announced it had reached a positive final investment decision (FID) for the development, construction, and operation of the Port Arthur LNG Phase 1 project in Jefferson County, Texas (see Port Arthur LNG Pulls Trigger on FID, Tells Builder to Start Work). Sempra worked out all of…

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