Shale Directories Conferences
SPRING 2022 Hydrogen & Carbon Capture Conference
April 21, 2022
Registration OPEN for VIRTUAL TICKETS ONLY!)
Hilton Garden Inn, Southpointe
Canonsburg, PA
Latest facts and a rumor from the Marcellus, Utica, and Permian, Eagle Ford Plays
Manchin Gets FERC to Deliver on MVP. Senator Manchin praises FERC approval of Mountain Valley Pipeline. Completion of the Mountain Valley Pipeline may have an easier path after a new FERC (Federal Energy Regulatory Commission) approval, but hurdles still remain. Sen. Joe Manchin, D. W.Va., chair of the Senate Energy and Natural Resources Committee and proponent of the 303-mile natural gas pipeline that runs from North Central West Virginia to Chatham, Va., praised a Friday order by FERC “progressing” the pipeline’s construction. “I’m glad to see FERC make the correct decision today by issuing a unanimous order in favor of progressing construction of the Mountain Valley Pipeline,” Manchin said. “MVP is a strategically important project for the energy and national security of our country and will play a critical role in our ability to support our European allies as they eliminate their use of Russian energy.”
Manchin Wants to Keep Keystone XL Pipeline Alive. Manchin floats ‘rebranded’ Keystone XL pipeline in visit to Canada. Swing vote Sen. Joe Manchin (D-W.Va.) floated the idea of a “rebranded” or “rerouted” Keystone XL pipeline during a visit to Canada on Tuesday. “The brand of the XL pipeline is probably gone,” Manchin told reporters when asked about the chances of a revival of the never-completed vessel. “Can it be rebranded, can it be rerouted, can it be these different things?” He added that it’s not clear whether the Biden administration “is going to entertain that” but added that “they’d be foolish not to.” Manchin’s latest comments also follow a Wall Street Journal report which said that the administration was looking for ways to import more Canadian oil after Russia’s invasion of Ukraine drove up fuel prices.
Renewed Interest in PA Drilling. High gas prices, foreign energy dependence sparks renewed interest in expanding drilling in Pennsylvania. Pennsylvania is the second-highest exporter of natural gas in the entire country. High gas prices and foreign energy dependence have sparked renewed interest in expanding drilling. The process is fraught with controversy, much of it falling along party lines. But Dave Callahan, president of the Marcellus Shale Coalition, says Pennsylvania gas should be exported to reduce global dependence on Russian oil. “We have things that we can do in this state, it doesn’t matter if you’re Democrat or Republican, we’re all Americans on this issue,” Callahan said. “We could ramp up production.”
TX Rig Count Up. Texas rig count jumps by double digits as oil shortages persist. Houston Chronicle. Oil producers in Texas are kicking into gear in answer to the world’s thirst for oil, yet economists fear the rise in output isn’t happening fast enough to keep crude prices calm for long. The number of drilling rigs operating nationally climbed by 16 to 689 this week, according to oilfield services company Baker Hughes; 11 of the rigs added last week were in Texas. Energy companies have added 257 rigs over the past year, a 59 percent increase from 432 during the same week in 2021. “Economic recovery post-COVID was occurring much more rapidly than supply recovery was,” said Karr Ingham, a petroleum economist with the Texas Alliance of Energy Producers, an oil and gas trade group.
US Becoming Saudi Arabia of NatGas. Will America become the Saudi Arabia of natural gas? The war in Ukraine and the breakdown of Europe’s longstanding energy ties with Russia are transforming the world market for natural gas. For now, Europe’s ability to secure alternative supplies depends on the United States’ willingness to take on a new global role that it may be reluctant to play. But cutting imports of Russian natural gas will take longer. The European Union recently created a new agency to buy gas on behalf of all 27 member states. Its first joint purchase of some 15 billion cubic meters (bcm) this year, will come from the United States in the form of liquefied natural gas. But that is only a beginning.
Peregrine Making Acquisitions in PA and WV. Peregrine Energy Partners continues its run of acquisitions in the producing oil and gas mineral space, this time adding interests in Bradford County, PA, Monongalia County, WV and Weld County, CO.
“We will continue to look for, and invest in, areas with proven assets under solid operators,” commented Josh Prier, Peregrine’s Managing Director. Mr. Prier added “We appreciate the opportunity to provide options and solutions for royalty owners who are interested in taking some chips off the table at historically high commodity prices.”
Peregrine has been particularly active in major basins including the Marcellus Shale for the past decade as they remain bullish on production from those regions. The company focuses exclusively on producing oil and gas royalties and works directly with mineral owners as well as industry professionals in the area to source properties.
“Obviously right now is an interesting time with both oil and natural gas prices close to levels not seen in almost a decade,” said Peregrine’s co-founder Wolf Hanschen. “ Sellers saw what their checks looked like two years ago when the pandemic drove prices close to zero and I think are assessing what it looks like to remove some of that future uncertainty and volatility from their portfolios.”
The acquisition of producing mineral rights is certainly not a new concept, with many firms similar to Peregrine targeting interests across the U.S. When asked about Peregrine’s point of difference, Mr. Hanschen commented, “Peregrine is 100% internally funded which means a lot less red tape and bureaucracy compared to some other groups. If sellers want a quick and painless evaluation and closing, our 18-year experience working exclusively alongside oil and gas royalty owners lends itself to just that.”
Peregrine Energy Partners is a private purchaser of oil and natural gas royalties with over 50 years of combined experience. Over the past 18 years, the company’s founders have enjoyed working with dozens of operators as well as hundreds of mineral owners in 30 states across millions of acres.
GOP Race in PA Has Energy Promises. GOP’s energy promises face limits in Pa. governor’s race. Despite promises by the Republican candidates, however, there are constraints on what they could do in office. While governors have influence over state agencies and lawmaking, they have limited ability to grant what the industry really wants, like building interstate pipelines and big processing facilities. That’s because other states and federal policy are involved. But for examples of Pennsylvania’s limits, look no farther than its borders. Democratic governors in neighboring New York and New Jersey have effectively blocked the construction of major interstate pipelines – the Constitution and the PennEast pipelines – carrying gas from Pennsylvania to big metropolitan areas and, possibly, yet-to-be-built facilities to liquefy and export liquefied natural gas, or LNG.
Some Banks Funding the O&G Industry. High prices make oil and gas much more appealing to big banks. Oil Price. The Wall Street Journal reported earlier this month that banks had underwritten more renewable energy loans than oil and gas loans during the first quarter of the year. However, certain banks underwrote more oil and gas loans than renewable ones, the report noted, reversing course on their earlier approach to lending. Citigroup, Wells Fargo, Societe Generale, and Mizuho Financial Corp were among the banks that underwrote more oil and gas loans than renewable energy loans, according to the report. A separate report, by a group of environmental nonprofit organizations, once again pointed the finger at the banking industry for continuing to provide the oil and gas industry with money at all. Dubbed “Banking on Climate Chaos”, the group said in its 2022 Fossil Fuel Finance Report that banks had provided a total of $742 billion in funding to the fossil fuel industry last year.
America NatGas Juggernaut. America can fuel the world’s needs for clean-burning natural gas for many decades and have plenty left over for our own domestic requirements. The vast majority of our nation’s undeveloped gas supply is found in the Appalachian Basin of the eastern United States. The size of the resource is stunning and largely unknown outside of the teams of geologists and engineers that are responsible for its discovery and ongoing development. If the nation has incredibly large untapped supplies of natural gas, why is it not being fully developed? The answer, at least in the eastern United States, is due to lack of export capacity through pipelines. Existing pipelines are operating at capacity because of opposition to proposed projects.
PA Permit April 4, to April 14, 2022
County Township E&P Companies
1. Bradford Armenia Repsol
2. Bradford Armenia Repsol
3. Bradford Armenia Repsol
4. Bradford Armenia Repsol
5. Bradford Armenia Repsol
6. Greene Richhill CNX
7. Greene Richhill CNX
8. Susquehanna New Milford SWN
9. Susquehanna New Milford SWN
10. Susquehanna New Milford SWN
11. Susquehanna New Milford SWN
12. Susquehanna New Milford SWN
13. Tioga Covington Seneca
14. Tioga Covington Seneca
15. Tioga Covington Seneca
16. Tioga Covington Seneca
17. Tioga Liberty SWN
18. Tioga Liberty SWN
19. Washington Buffalo Range
20. Washington Buffalo Range
21. Washington Buffalo Range
22. Washington Buffalo Range
OH Permits April 4, to April 6, 2022
County Township E&P Companies
1. Jefferson Wells Ascent
2. Jefferson Wells Ascent
3. Jefferson Wells Ascent
4. Jefferson Wells Ascent
5. Jefferson Wells Ascent
WV Permits April 4, to April 8, 2022
1. Doddridge HG Energy
2. Doddridge HG Energy
3. Doddridge HG Energy
4. Doddridge HG Energy
5. Marshall Tug Hill
6. Marshall Tug Hill
7. Marshall Tug Hill
8. Marshall Tug Hill
9. Marshall SWN
10. Ohio SWN
11. Ohio SWN
12. Ohio SWN
13. Ritchie Antero
14. Ritchie Antero
15. Ritchie Antero
16. Ritchie Antero
17. Ritchie Antero
18. Ritchie Antero
Joe Barone 610.764.1232
