In July, when Dominion Energy announced it had decided to exit the natural gas pipeline business by selling it to Warren Buffett and cancel the much-needed Atlantic Coast Pipeline project, the company said it would retain a 50% ownership in its Cove Point LNG export facility and sell a 25% interest to Buffett’s company (see
Read More...Southwestern Energy Company released its third-quarter 2020 update last Friday. The company previously announced it is buying out and merging in Marcellus/Utica driller Montage Resources. During the 3Q conference call, CEO Bill Way said the company expects to close on the deal immediately after Montage Resources shareholders vote on the deal November 12. Also from
Read More...In August Pennsylvania hiked its permit fee to drill a new shale well to be the most expensive of any state in the country, from $5,000 to $12,500 (see Permit Fee to Drill PA Shale Well Officially Went Up 250% on Aug 1). New analysis by the non-partisan think tank Allegheny Institute for Public Policy
Read More...“It’s dangerous! It’s a killer! It will flow evil, nasty fracked gas! It’ll explode and kill everyone within a mile, and if it doesn’t explode, emissions from the plant will poison everyone around it anyway!” Those are the faux arguments used by radicals in Weymouth, Massachusetts to smear a compressor station built by Enbridge. All
Read More...The New Jersey Highlands Water Protection and Planning Council (“Highlands Council”) is a regional planning agency that works in partnership with municipalities and counties in the Highlands Region to help them implement the state’s 2004 Highlands Water Protection and Planning Act (the Highlands Act). The Highlands Council has just given its blessing for a Tennesee
Read More...In July, now-former Ohio House Speaker Larry Householder and four of his associates were indicted for felonies related to an alleged $60 million bribery scandal in passing the hugely unpopular House Bill 6 (see FirstEnergy Involved in Bribery Scheme to Pass $1B Nuke Bailout Law). HB 6 gives Energy Harbor, a FirstEnergy subsidiary, $150 million
Read More...The Enverus U.S. rig count rose by 1 to 348 over the past week, after having going up by 11 and 13 (respectively) the two weeks prior. However, the count in the Marcellus Shale dropped by three rigs in the wet gas area and the Marcellus dry gas region gained 1 rig, for a net
Read More...When checking the NYMEX futures price for natural gas, which is based on the spot price at the Henry Hub in southern Louisiana, we had a surprise. Just a few days ago the NYMEX was showing right around $3 per million BTUs (or per Mcf, thousand cubic feet). Yesterday the price closed at $3.30/Mcf. Why
Read More...Rystad Energy says worldwide the oil and gas industry has lost some 400,000 jobs in 2020. About half of those, says Rystad, are jobs lost in the U.S. Reuters is quoting Secretary of Energy Dan Brouillette as saying U.S. oil production will likely not return to its pre-pandemic peak of 13 million barrels of production
Read More...There is no explaining lunatics like those belonging to the Columbia Gas Resistance Campaign in Springfield, Massachusetts who seek to block new and expanded delivery of natural gas to its customers. Following the disaster in September 2018 from a series of explosions that occurred in Columbia Gas’ local delivery pipelines north of Boston (see Local
Read More...Last week the U.S. Dept. of Energy announced it has extended the terms of seven long-term liquefied natural gas (LNG) export authorizations through 2050. One of the facilities receiving an extension is the Cove Point LNG export facility in Maryland, a facility that exports 100% Marcellus molecules.This post appeared first on Marcellus Drilling News.
Read More...Barbuda Ocean Club (click for larger version) Eagle LNG Partners built and maintains a smallish LNG facility in Maxville, Florida (suburb of Jacksonville). Since early 2018, Eagle LNG has loaded hundreds of ISO and trailers loads from their Maxville LNG facility for Crowley Maritime and other customers (see Eagle LNG Celebrates 100th LNG Bunkering at
Read More...The French government has asked one of its own companies, Engie, to hold off on signing a deal worth $7 billion to buy U.S. LNG from NextDecade’s planned Rio Grande export facility in Brownsville, Texas. It seems France thinks our fracked-gas LNG is too dirty for them.This post appeared first on Marcellus Drilling News.
Read More...There is another new scam being perpetrated on the liquefied natural gas (LNG) sector. It’s called “green LNG.” Supposedly pimple-faced millennial investors are demanding the companies they invest in (with some $110 trillion worth of money) clean up their carbon dioxide emissions or the spoiled kids will refuse to invest. Some LNG companies are going
Read More...Looks like the rumors were true, at least one of them. Yesterday EQT announced it has cut a deal to buy Chevron’s considerable Appalachian assets for $735 million. The Reuters rumor from September said EQT had offered $750 million (see Sources: EQT Offering $750M for Chevron’s Marcellus/Utica Assets). Also yesterday, EQT floated up to 23
Read More...