Paul DriessenCommittee For A Constructive Tomorrow …. …. Offshore wind is a major scam. It makes no economic sense whatsoever, requires massive support infrastructure, disturbs oceans and accomplishes little. Can anti-fossil fuel policies based on climate crisis alarmism possibly get any more insane than this? In what might be described as a pre-Halloween trick of
Read More...EQT Corp. reduced its capital budget by $115 million for 2019 and plans to trim $525 million from its budget in 2020, according to the Pittsburgh Business Times. In its third quarter report, the first under the guidance of its new management team led by Toby Rice, EQT said it spent $475 million on capital,
Read More...Robert Bradley, Jr.Founder and CEO of the Institute for Energy ResearchPrincipal, MasterResource: A Free-Market Energy Blog.. . .. Neo-Malthusians have wrecked havoc with environmental and energy policies. The failure of their outrageous predictions to come true has only emboldened them. Are free-market optimists the dumb ones who jump off tall buildings and report that everything
Read More...On Monday morning, a third sinkhole developed along the construction route of the Mariner East pipeline in Sleighton Park in Middletown township, Pa, according to the Daily Local News. The sinkhole was discovered at approximately 2:30 a.m. by Sunoco in a spot adjacent to the location the first sinkhole, which was reported on Sept. 13.
Read More...Royal Dutch Shell has invested between $7 – $9 billion in the first world-class polymer complex in the Appalachian Basin. PTTGC is going to invest at least that amount in its Ohio complex. Adding to these two cracker facilities is the rumor of a third world-class polymer complex within the Appalachian Basin. “The investment opportunities are significant with two
Read More...Oil and gas industry veteran Steven Keenan, who is credited with the Alpine High shale discovery for Apache Corp, resigned from his position as senior vice president of Worldwide Exploration, the company said. Houston-based Apache told Reuters Keenan’s resignation is not connected to the well the company is currently drilling offshore in Suriname. The company said,
Read More...Shale Support Global Holdings, a provider of frac-sand and logistics services to the oil and gas industry, has signed an extension to continue working with Shale Rail as the exclusive supply company for a Bradford County, Pennsylvania, frac sand storage facility. In an effort to better serve the Marcellus Shale play, Shale Rail released plans to
Read More...International E&P companies are struggling to make money from offshore investments made during the latest investment upturn, according to a new study by Rystad Energy, Kallanish Energy reports. The independent research company has evaluated all offshore oilfields sanctioned since 2010 and ranked them by estimated value per barrel of oil under various oil-price scenarios. The
Read More...President Trump’s April 2019 executive order on the transportation of liquefied natural gas (LNG) by rail tank cars, which mandated a federal rule by 2020, has pushed forward a rule-making proposal, according to Kallanish Energy. The U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration has proposed LNG rail shipments be allowed in DOT-113
Read More...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
Read More...click for larger version An interesting reaction by investors to CNX Resources’ third quarter update. The company reported production of 128 billion cubic feet equivalent (Bcfe) in 3Q19, an increase of 8% from the 119 Bcfe in 3Q18. They also reported spending $336 million on drilling in 3Q19, compared to $297 million in 3Q18–up 13%.
Read More...Frac sand Good news for drillers in the Marcellus/Utica: You’re about to have access to even more frac sand than before. In May 2018 Shale Support Global Holdings signed a deal to become the exclusive provider of frac sand to the Shale Rail terminal located in Wysox (Bradford County), PA (see Shale Support Exclusive Frac
Read More...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 FirstEnergy Uses Questionable Tactics Against Referendum Workers). Part of
Read More...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
Read More...Range Resources Corp. recently announced plans to buy back $100 million shares, using proceeds from recent asset sales to do so, according to the Pittsburgh Business Times. The most recent asset sale was for a 0.5% overriding royalty interest in 350,000 net surface acres in Range’s southwestern Pennsylvania natural gas production. Range received $150 million
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