Industry News

Shale Gas News – July 6, 2019

Bill desRosiersExternal Affairs Coordinator, Cabot Oil & Gas … … The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM and Sundays on YesFM, talked about the PA Budget, LNG exports, impact fee distribution and much more last week. The Shale Gas News has grown again; welcome Gem 104 as our FOURTH

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Working-rig total slips slightly

The number of rigs working onshore in the Lower 48 U.S. states dipped slightly last week, the fourth week in the last five where the working-rig total has fallen, data from Baker Hughes, a GE company, reveals. For the five-day period ended July 3 (two days shorter than normal due to the Fourth of July

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Working gas injected falls under 100 Bcf 2nd straight week

The volume of working natural gas injected in the most recent weekly report by the Energy Information Administration was under 100 billion cubic feet for the second straight week, Kallanish Energy reports. For the week ended June 28, 89 Bcf of working gas was injected underground, bringing total working gas stored to 2.39 trillion cubic

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Delek says gas exports to Egypt by year’s end

Israel’s Delek Drilling said it has completed testing of a subsea natural gas pipeline to Egypt, but commercial sales by June 30 did not occur as originally projected, Kallanish Energy understands. Delek and its partner, the U.S.’s Noble Energy, signed a deal early in 2018 to export $15 billion in natural gas from Israeli offshore gas fields

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UGI unit to pay $1.28B for Columbia Midstream

UGI Corp recently announced its UGI Energy Services unit has plans to acquire Columbia Midstream Group from a TC Energy subsidiary for roughly $1.28 billion, according to Kallanish Energy. The deal will expand UGI’s midstream portfolio and provide an opportunity to invest an additional $300-$500 million over the next five years. The Columbia Midstream Group

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Lake Erie Wind Project Shows Green Political Correctness Is A Disease

Tom ShepstoneShepstone Management Company, Inc. … … A Lake Erie wind project demonstrates the sheer futility of so much of green political correctness as time and money are wasted on a really dumb project. Our friends at Master Resource posted an interesting article the other day about a project with a weird name I’d never

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Philadelphia Refinery Closing Reverses Two Years Of US Capacity Gains

HOUSTON–The planned closing of an oil refinery in Philadelphia damaged by a massive fire last month will reverse nearly two years of capacity gains at U.S. refineries, according to a Reuters analysis of government data. Philadelphia Energy Solutions has said it will shut its 335,000 barrels per day (bbl/d) refinery this summer after a June

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A Closer Look At Pennsylvania’s Natural Gas Severance Tax Plan

Democratic Governor Tom Wolf, now in his second and final term, wants to impose a severance tax on natural gas producers to subsidize “Restore Pennsylvania.” The plan has three main components: remove blight—which is found in most communities—provide flood mitigation and improve broadband access throughout the state. The initial plan, which has just been introduced

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Pipeline Supporters Rally for Atlantic Coast Pipeline Against Enviro Elites

Jim WillisEditor & Publisher, Marcellus Drilling News (MDN) Pipelines supporters from affected North Carolina communities have had enough of environmental activists and political elites standing in their way. Atlantic Coast Pipeline (ACP), a $7 billion, 600-mile pipeline that will stretch from West Virginia into North Carolina, is facing an existential threat by leftist environmentalists. The project is

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Batteries Not Included; The True Levelized Cost of Renewables

Tom ShepstoneShepstone Management Company, Inc. … … Batteries not included applies not to only the new toy you bought but also to the calculated levelized cost of renewables. The true cost is astronomical. A fascinating article by Roger Andrews at Energy Matters gets into a matter of the highest importance when it comes to renewables.

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Natural Gas NOW Picks of the Week – July 6, 2019

Tom ShepstoneShepstone Management Company, Inc. … … Natural Gas NOW readers pass along a lot of stuff every week about natural gas, fractivist antics, emissions, renewables, and other news relating to energy. As usual, emphasis is added. Oreos Deal Anything But Black and White The manufacturer of Oreos says it’s cut a deal to buy

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Delaware PovertyKeeper Loses in Commonwealth Court Yet Again

Tom ShepstoneShepstone Management Company, Inc. … … Delaware PovertyKeeper attempts to tie up the shale gas industry in litigation continue apace, but also continuing are losses in Commonwealth Court. Remember Middlesex Township, Butler County, where the Delaware PovertyKeeper, ignoring its charter, hopped 200+ miles beyond the Delaware to fight natural gas development in Western Pennsylvania?

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