Robert Bradley, Jr.Founder and CEO of the Institute for Energy ResearchPrincipal, MasterResource: A Free-Market Energy Blog.. .… … [Editor’s Note: Climate activists repeatedly engage in the dumbest tactics and, far too often, companies play along, but, thankfully, shareholders didn’t allow it this time.] Climate activists got beat in proxy voting at JPMorgan’s recent annual meeting, a good
Read More...News Briefs × U.S. specialty chemicals business contracts 11% in April U.S. specialty chemicals traded volumes fell over 11% in April, faster than a 4% decline in March and a 0.5% drop in February, the American Chemistry Council (ACC) reported on May 20, 2020. Of “28 specialty chemicals segments ACC monitors, none expanded in April.
Read More...Ascent Resources, LLC recently announced Brooks M. Shughart has been named Executive Vice President — Chief Financial Officer, effective May 18, 2020, according to Yahoo Finance. Shughart will replace Jennifer M. Grigsby, who is reportedly leaving Ascent to pursue other interests. Shughart comes to Ascent from First Reserve, an energy-focused private equity fund. Shughart worked there for eight years,
Read More...Victor FurmanUpstate New York Landowner, Shale Gas Activist …. …. Victor Furman, candidate for a seat in the New York State General Assembly, talks about freedom this Memorial day and how we are gradually losing it. C-!30 going down the strip,Airborne Daddy going to take a little trip.If my shoot don’t open wide,I will
Read More...Bill desRosiersExternal Affairs Coordinator, Cabot Oil & Gas … … The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM, 1600 AM, 104.1 FM and Sundays on YesFM, talked about shale oil production, rig counts, natural gas futures and much more last week. The Shale Gas News has grown again to the
Read More...EQT Corp. has started to reduce gas output in Pennsylvania and Ohio in response to lower demand caused by the coronavirus, which has cut the current prices for fuel, according to Reuters. EQT did not say how much gas it would curtail. However, U.S. pipeline company EQM Midstream Partners LP said in a federal securities
Read More...Virginia has seen a nearly 40 percent jump in power generation over the past decade. Over that same period, thanks to increased reliance on natural gas, the state’s emissions have fallen. Unfortunately, a story published by Ben Storrow at E&E News falsely blames natural gas for increased emissions levels in the state through cherry-picked data
Read More...The Energy Information Administration’s latest Drilling Productivity Report indicates U.S. shale production is set to fall to a two-year low in the coming weeks, according to Yahoo Finance. EIA estimates show oil production from the country’s leading shale basins is set to fall by 197,000 barrels per day in June compared to a month earlier.
Read More...New York and New Jersey’s recent decision to block the Northeast Supply Enhancement project could put into jeopardy millions of homes which will require natural gas for heating during the 2021 winter season. The planned $1 billion pipeline would have brought an additional 400 million cubic feet of natural gas per day into New York,
Read More...Although oil and natural gas permitting hit record lows in April, permitting may already be recovering, according to Natural Gas Intelligence. Analysis by Evercore ISI indicated oil permits climbed 19% from the final week of April to 166 during the first week of May. The Permian Basin accounted for the most permits with 100 —
Read More...U.S. pipeline incidents have fallen more than 35 percent in the last five years, despite a 10 percent increase in miles of new pipelines constructed, according to a recent report by the American Petroleum Institute in collaboration with the Association of Oil Pipelines. During this time, oil and natural gas production was at an all-time
Read More...A study released by the Environmental Defense Fund recently reported Pennsylvania’s oil and gas industry emits over 1.1 million short tons of methane annually — more than 16 times the amount reported to the state Department of Environmental Protection, according to Daily American. Although unconventional well operators reported 70,150 short tons of methane emissions in 2017, EDF’s
Read More...EQT recently reported a net loss of $167 million or 65 cents per diluted share in the first quarter of 2020, according to Kallanish Energy. During the first quarter of 2019, the company reported net income of $191 million or 75 cents per diluted share. The company is primarily attributing the decrease to the loss
Read More...Ascent Resources Utica Holdings recently reported a net income of $85 million and an adjusted net income of $36 million in the first quarter of 2020, according to Kallanish Energy. In the same quarter a year prior, the company reported a net loss of $85 million and an adjusted net income of $79 million. Additionally,
Read More...News Briefs × Canada’s Inter Pipeline increases by 14% projected cost for polypropylene project Canada’s Inter Pipeline said on May 7, 2020 its projected cost for a plant to process propane into propylene and then polymerize it to yield polypropylene (PP) rose 14% because of Covid-19 construction delays. “The Covid-19 pandemic has affected Inter Pipeline’s
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