Gas prices today are $2.13/MMBtu. Still down, but down farther than I expect them to stay for long. Rig counts went back up in mid-December, but back down at the end of the month. The long-term trend is down. Gas production is trending down, too. Read on for more details about the oil and gas industry. Much longer and gas prices have to go up because supply will go down.

If you’d like to take a pretty detailed look at current natural gas supply and demand, this article from RBN Energy is the one to read.

In an article about how West Virginia’s coffers have suffered from the slowdown in gas production and the lowering of gas prices, there’s some analysis about gas production.

Chesapeake is looking at hard times coming up. If I were a betting man, I’d put some money into CHK stock, though. I’ve never seen them lose in the long run. Note: I don’t invest in oil and gas companies, and I’m not an investment adviser; do your own homework (but take a look at CHK).

Mountain Valley Pipeline has cancelled a contract with one of its construction subcontractors. Interesting. It may not mean anything, or it may mean a lot. There’s just not enough information to be sure.

Back in September the U.S. exported more oil than it imported. For the first time in 46 years.

Natural gas did more to reduce greenhouse gases last year than renewables did.

Someone did an analysis of the Atlantic Coast Pipeline’s current situation.

Production growth in the oil sector will fall next year, according to prognosticators. The same will be true for natural gas. It can’t continue on this path for long. I give it about six more months like this before the price of gas and oil starts to climb. That’s a very seat of the pants guess, of course.

Explore the changing relationship between oil prices and natural gas prices.

West Virginia’s Attorney General is pushing for the Supreme Court to overturn the ruling that stopped construction on the Atlantic Coast Pipeline.

Antero Resources has put up some of its assets for sale. They plan to get about $1,000,000,000.00 for it. Yep, $1 billion. Just a little sale. No big deal. Nobody’s wondering what’s going on.

Chevron is also selling assets. All of them. It seems like a good time to buy assets in the Marcellus/Utica play. It’s going to take somebody who really knows what they’re doing, though. Times are tough in the natural gas patch.

Southwestern is cutting back on production growth next year. It’s still going to grow, but less than it did last year. This is what is going to happen for most producers, and eventually there won’t be enough gas flowing and the price will go up. That situation will not last long, though. It’s really easy to produce new gas from new wells, almost on demand.

The Mountain Valley Pipeline has settled a lawsuit for $2.15 million dollars.

Elba Island shipped its first Natural Gas Liquids cargo.

Marcus Hook isn’t able to take as much of the NGLs produced from the Marcellus/Utica play as producers would like. Seems they’re looking at expansion, though.

A well in Marshall County exploded. There were no injuries and Tug Hill was able to shut down the well remotely, which put out the fire. As far as gas production disasters go, this was a good one.

Production is beginning to lag a bit. The Appalachian region is expected to reduce production by 74 MMBtus per day in January, according to this EIA report. Everything else seems to be trending down as well, except in the Permian Basin. We’re getting close to the bottom. It’s hard to say how close, though.

Researchers at the University of Kentucky are studying the Rogersville Shale.

Arsenal has completed its second bankruptcy of 2019.

People are still sitting in trees on the Mountain Valley Pipeline construction right of way.

A compressor station in Ohio County caught fire the day before Christmas. Nobody was injured and the fire was put out in about 30 minutes. Again, a best case scenario for an oil and gas disaster.