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Natural Gas Fell Back Into The Buy Zone
Summary The lowest level since 2016 in August. The rally came too early. Inventories rise above the 2018 pre-withdrawal season peak. Buying on a scale-down basis for the winter months - a bullish reversal on Oct. 3. UGAZ for short-term trades on the long side of the...
USGS estimates huge jump in Marcellus, Utica gas
The Marcellus and Point Pleasant-Utica Shale plays in the Appalachian Basin contain an estimated mean of 214 trillion cubic feet of undiscovered, technically recoverable continuous resources of natural gas, according to new U.S. Geological Survey assessments. The...
Pennsylvania Senator Daylin Leach Proposes Constitutional Amendment To Ban Fracking
Philadelphia, Pa. (KDKA) — A Pennsylvania senator says the damage caused by fracking outweighs any economic benefit. Fracking for natural gas in the Marcellus shale has been a source of jobs and dollars for many in Southwest Pennsylvania. Pennsylvania State Sen....
Fracking Ban Harmful to U.S. Security
Sen. Elizabeth Warren (D., Mass.) announced last week she would ban fracking "everywhere" when she became president, but she wouldn't have the power to do it, an energy expert called it a threat to U.S. national security, and it could hurt her electoral hopes in the...
Oil & Gas Mergers & Acquisitions News – MONTAGE RESOURCES
Oil & Gas Mergers & Acquisitions News – MONTAGE RESOURCES
Allegheny County Executive Rich Fitzgerald denounces Peduto’s anti-cracker plant stance
CP photos: Jared WickerhamPittsburgh Mayor Bill Peduto and Allegheny County Executive Rich Fitzgerald On Wednesday, Pittsburgh Mayor Bill Peduto made a splash when announcing he is now opposed to any additional petrochemical plants in the region. He joined other...
EQT Puts $1.5B of Assets on Market in Push to Cut Costs Further
EQT Corp.’s new management team plans to slash spending significantly next year and unload up to $1.5 billion in assets to help cut debt and fulfill the promises made by CEO Toby Rice when he campaigned for control of the company. “We think the best way to increase...
U.S. natgas glut dims outlook for big producers as prices head to 25-year low
(Reuters) - In the shale field that helped launch the U.S. natural gas boom a decade ago, Chesapeake Energy Corp (CHK.N) this month set aside its last drilling rig. The problem for the once No. 2 U.S. gas producer was not a lack of gas, but too much of it.FILE PHOTO:...
A ban on fracking could result in a wasted opportunity across region
The rhetoric supporting a ban on hydraulic fracturing is becoming bolder by the day. I don’t get it. There is sound scientific data saying it is safe and efficient. Banning fracking is short-sighted and foolish. Such a ban would have a dramatic impact on the economy...
EQT cuts spending on natural gas drilling in 2019, 2020
By Paul J. Gough – Reporter, Pittsburgh Business TimesOct 31, 2019, 8:11am EDT EQT Corp. trimmed more than $100 million from its capital budget for this year and will cut it by more than $500 million from its 2020 plan as it works to implement a highly choreographed...
Trevor Rees-Jones Pioneered Plays That Changed America’s Energy Industry
To do it, the Chief Oil and Gas founder rode out every boom and bust the industry threw at him. America has been on the forefront of an oil and gas revolution for nearly two decades, owing to the pioneering entrepreneurs who persisted in the face of challenges to...
Opinion: Want To Ban Fracking? Think Again
Editor’s note: Opinions expressed by the author are his own. “The environmental case against fracking crumbled years ago. The economic case for it is unassailable. So why are leading presidential candidates intent on shutting down one of the most beneficial U.S....
Good water quality reports in one Pennsylvania river basin raise questions about possible fracking ban in another
Natural gas developers in Pennsylvania are hoping a recent water quality report by the Susquehanna River Basin Commission could squelch plans for a fracking ban that’s currently being considered by the neighboring Delaware River Basin Commission. The SRBC’s Remote...
ACCORDING TO A NEW REPORT BY CLEVELAND STATE UNIVERSITY, IN LESS THAN 10 YEARS THE OIL AND NATURAL GAS INDUSTRY HAS INVESTED OVER $74 BILLION INTO OHIO’S ECONOMY
THAT’S RIGHT! AT THE SAME TIME, OHIO NOW LEADS THE COUNTRY IN CARBON EMISSION REDUCTIONS. SHALE IS CLEARLY A WIN FOR OHIO’S ECONOMY AND THE ENVIRONMENT!
Pittsburgh isn’t in Beaver County:’ County officials disheartened by Pittsburgh mayor’s dismissal of petrochemical development
By Daveen Rae Kurutz By Chrissy SuttlesPosted Oct 30, 2019 at 6:15 PM Pittsburgh Mayor Bill Peduto caught fire from Beaver County officials after he publicly denounced the idea of a second cracker plant in western Pennsylvania. [BCT staff...
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