Once a month, U.S. Energy Information Administration (EIA) analysts issue the agency’s Short-Term Energy Outlook (STEO), their best guess about where energy prices and production will go in the next 12 months. Last month the EIA predicted an average price at the Henry Hub of $2.66/MMBtu for 2023, and $3.42/MMBtu for 2024 (see EIA Slashes…
Read More...The weekly rig count for the U.S. has continued to be anemic for over two months now. With its venerable rig count, Baker Hughes reported last Friday that overall, the U.S. rig count continued to bleed rigs–down another eight rigs to 674 in the week ending June 30. That’s the lowest count since April 2022,…
Read More...Pennsylvania’s Democrat Party is hellbent on driving the Marcellus Shale industry out of the state. They have been for years. That’s just a truthful observation and beyond dispute. The latest evidence is the party’s insistence on adding a severance tax on top of the existing impact fee, PA’s version of a severance tax. The Dems…
Read More...Domestic consumption and export of natural gas in the U.S. grew a combined 34.5 billion cubic feet per day (Bcf/d), or 43%, from 2012 to 2022. One of the biggest reasons for the dramatic increase was a mass change from producing electricity with coal plants to using natural gas-fired plants instead. So says the U.S….
Read More...The weekly rig count for the U.S. has continued to be anemic over the past two months. Baker Hughes, with its venerable rig count, reported last Friday that overall, the U.S. rig count continued to bleed rigs–down another five rigs to 682 in the week ending June 23. That’s the lowest count since April 2022…
Read More...Yesterday the Pennsylvania Public Utility Commission (PUC) posted detailed information about this year’s distribution of last year’s impact fees generated by natural gas producers. Great news! PA raised $278.8 million from Act 13 impact fees (PA’s version of a severance tax). That is the HIGHEST amount raised and distributed by impact fees since the beginning…
Read More...The experts at NGI (Natural Gas Intelligence) have poured over the numbers found in Form 552s filed with the Federal Energy Regulatory Commission (FERC). Form 552 is the Annual Report of Natural Gas Transactions–the buying and selling of natural gas. From the data, NGI produced two very useful lists. One is the top 25 buyers
Read More...The latest monthly U.S. Energy Information Administration (EIA) Drilling Productivity Report (DPR) for June issued yesterday (below) shows a slowdown in the growth of natural gas production for the seven shale plays covered in the report. That does not mean we will produce less gas from shale in the coming month; it means the growth
Read More...According to Baker Hughes, which has tracked rig counts since 1944, drillers cut the rig count once again last week (overall by a single rig), the sixth week in a row when the rig count has gone down. This is the first time the U.S. oil & gas rig count has gone down six weeks
Read More...Researchers with Ohio Northern University recently published a study that finds that fracking for Utica Shale sometimes (“episodically”) reduces small Eastern Ohio River basin stream levels. The fluctuations in those stream levels “could” (but not necessarily do) negatively impact aquatic life (ecosystems) in those areas. The situation should, according to the researchers, be confirmed by
Read More...Last week the U.S. Energy Information Administration (EIA) shared some information that, strangely, has not been written about by mainstream media. Not a mention, not a peep. EIA found that U.S. electricity generation from natural gas was the highest it has ever been this past winter, 2022-23. U.S. electricity generation from natural gas reached a
Read More...A radicalized left-wing organization hellbent on forcing the end of fossil energy called Evergreen Action, along with another radical nonprofit called Ceres, partnered and paid a for-profit company called Synapse Energy Economics (that works exclusively for left-wing groups) to produce a completely sham and false “report” that (try not to laugh) claims Pennsylvania residents will
Read More...Once a month, U.S. Energy Information Administration (EIA) analysts issue the agency’s Short-Term Energy Outlook (STEO), their best guess about… Continue reading The post EIA Slashes 2023/24 NatGas Price Prediction in June STEO Report first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Last week the Pennsylvania Independent Fiscal Office (IFO) released its latest quarterly Natural Gas Production Report for January through March… Continue reading The post IFO Report: Big Decrease in PA Shale Production, Drilling in 1Q23 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Anti-fossil fuel zealots are demanding an update on a $2.5 million “study” awarded to the University of Pittsburgh Graduate School… Continue reading The post Anti-Shale Enviro Groups Demand Update on Pitt Cancer Study first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
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