Natural gas prices are at $2.88/MMBtu, a health price relatively speaking. If we get hot weather this summer it will keep prices high. Rig counts continue to drop, hitting 590, down another 14 since last month. Gas storage is at 2,974 Bcf, getting closer to the five year high, but still significantly above it.
The fracking waste disposal site in Martins Ferry that’s overloaded with waste is simply not working with anybody to fix the problem.
The Freeport LNG plant is back online. Interestingly, natural gas prices are going back up.
In spite of the low price of natural gas, E&P companies are doing well.
A protester locked himself to two barrels in an attempt to slow down the Mountain Valley Pipeline.
Pressure testing on the MVP has found 70 flaws, 15 of which will require cutouts.
Demand is up, production is down, so gas prices are climbing. Also in the article, EQT will open up shut-in wells when prices are “sustainably” above $1.50/MMBtu.
Senator John Barasso and Representative Cathy McMorris Rodgers have encouraged the FERC to process applications for LNG projects in a timely and fair manner.
The eminent domain challenge that was denied at the D.C. circuit court will not be heard by the U.S. Supreme Court. That’s too bad, eminent domain has been interpreted too broadly by the courts, and really needs to be reigned back.
Chesapeake fired 80 workers, about 10% of its workforce.
The MVP has pushed its start date back to June.
The storage surplus should get a little smaller. By the time this post is published, we’ll know for sure whether that’s the case.
Another protester has been arrested, this one for suspending herself from a tripod above an access road. They’re pretty creative.
EQT has opened up wells that it shut-in back in February.
Here’s an analysis of Russia’s relationship with OPEC.
The FERC now has a full slate of committee members.
The U.S. may be on track for a flat year-over-year oil production number. If U.S. oil production does remain flat, that will be a benefit to OPEC+.
The Mountain Valley Pipeline is ready to begin operations
People are already angry about the ARCH2 hydrogen project.