President’s Executive Orders Show Support for Infrastructure Investment Expediting Keystone XL and Dakota Access pipeline projects is right decision for U.S. economy WASHINGTON, DC – The American Council for Capital Formation today released the following statement from ACCF Vice President of Communications Robert Dillon on President Donald Trumps’ executive orders expediting the Dakota Access Pipeline and Keystone XL Pipeline projects: “In signing the Keystone XL and Dakota Access executive orders, President Trump is following through on his campaign promise to reverse the previous administration’s approach of abusing the regulatory process to pursue a political agenda. Unfortunately, that agenda came at // Read More
OilPrice.com, Michael McDonald, 12/2/15 –
Most of the time companies see greater productivity as a good thing. Improved asset productivity helps companies produce more output for every dollar of input which usually increases profits. But what if every company across an industry produced more output? That is exactly what is happening in the natural gas market right now, and the results are looking increasingly dire for natural gas companies.
This summer, EQT Corp drilled what might be the largest natural gas well ever in the U.S. The summertime gusher in Pennsylvania’s Green County put out enough gas in the first 24 hour to power every house in Pittsburgh for 3 days. EQT is not alone in producing such prolific wells. Several other wells near EQT’s Scotts Run 591340 well have produced similar results. EQT is so confident in the productive output of the Utica field near the Scotts Run well that it is suspending work elsewhere to focus on that area. The result is that natural gas prices will likely come under further pressure.
Full story is here.
Reuters, Barbara Lewis, 11/3/15 –
European Union regulators are preparing a strategy to import more liquefied natural gas (LNG) while scrutinizing Russia’s plans to expand its pipeline capacity to Germany, a draft EU document says.
The document is part of the European Commission’s efforts to enforce a single energy market, based on regional cooperation and diverse sources of energy shared across the 28-member bloc.
The full story is here.
Associated Press, 10/5/15 –
A proposed liquefied natural gas terminal in Oregon that would give producers in the Piceance Basin an outlet to reach customers on the Pacific Rim is one step closer to approval.
The Veresen Inc. terminal received environmental approval last week, though the Federal Energy Regulatory Commission will have final say on the project in December, reported the Grand Junction Sentinel.
The full story is here.