Natural Gas Storage Report Injection Season Week 15 (Week Ending July 13, 2018)

The natural gas storage deficit grew yet again as this week’s injection of 46 Bcf came up noticeably short of the 56 Bcf market expectation. This build may be more robust than last year’s value of 31 Bcf, but it pales in comparison to the five-year average of 62 Bcf, which more accurately reflects the state of the thin storage levels that the market is currently experiencing. On a regional…

Offshore Energy, Conservation And Outdoor Recreation

Offshore energy development works for the states – all of them. The U.S. Interior Department recently announced that $61.6 million in revenues from offshore oil and natural gas will be distributed to all 50 states, U.S. territories and the District of Columbia – via grants that support state conservation and outdoor recreation projects. Ponder that: You don’t have to be a coastal state; you don’t have to be a producing state. Under…

Natural Gas Storage Report Injection Season Week 14 (Week Ending July 6, 2018)

The heat over the holiday last week took its toll as the EIA reported a 51 Bcf injection into storage, which ended up being a bullish value that fell short of the market expectation of 56 Bcf, last year’s build of 59 Bcf, and the five-year average of 77 Bcf. The Northeast and Great Lakes regions were hit the hardest with hot weather over the course of the week, and…

Department Of Energy Invests $8.8 Million In Innovative Technologies To Enhance Fossil Energy Power Systems

WASHINGTON, D.C. – The U.S. Department of Energy (DOE) has selected 15 projects to receive nearly $8.8 million in federal funding for cost-shared research and development (R&D) projects to develop innovative technologies that enhance fossil energy power systems. The newly selected projects fall under DOE’s Office of Fossil Energy’s Crosscutting Technology Research Program, which advances technologies that have a broad range of fossil energy applications. Specifically, the program fosters innovative R&D in…

Natural Gas Storage Report Injection Season Week 13 (Week Ending June 29, 2018)

The thirteenth week of injection season has provided little motivation in regards to pushing Henry Hub futures upward as  a slightly bearish 78 Bcf injection managed to edge past the 75 Bcf market expectation. While seemingly unremarkable in terms of fundamentals, this week’s storage value exceeded last year’s injection and the five-year average of 60 Bcf and 70 Bcf respectively. Notable causes of flat to lower prices include the seemingly…

How Virtual Reality Can Help The Oil And Gas Industry Confront Its Invisible Challenge: Methane

I’m a certified oil and gas tech nerd, and I’ve never been so excited about my job. I love data, the insights that come with it, and especially the ways of applying those insights to catalyze continuous improvement. There are few decisions I make without an Excel spreadsheet – and after spending several years working for an oilfield services company, I’m passionate about solving one of the biggest environmental problems…

Natural Gas Storage Report Injection Season Week 12 (Week Ending June 22, 2018)

After the July prompt month came to a close yesterday, the market began to reflect a slow and steady response to the summer’s increase in cooling demand. This week’s injection of 66 Bcf (along with a revision of 4 Bcf that raised last week’s implied net change from 91 Bcf to 95 Bcf) also supported the recent bullish movement by coming in under the expectation of 71 Bcf. While this…

Natural Gas, Benefits, Continuing Progress On Cutting Emissions

Let’s make three quick points following release of a new methane emissions report from the Environmental Defense Fund: Natural Gas’ Benefits Confirmed The report’s findings reflect the fact methane emissions were low in 2015. According to EPA, methane emissions from natural gas production are down 14 percent since 1990, while natural gas output increased more than 50 percent over the same period. At the same time, increased use of natural gas is the chief reason U.S.…

Currents: Energy Industry Insights – June 2018

State Files Motion to Dismiss Federal Lawsuit by EQT – “Lawyers representing the Secretary of the state Department of Environmental Protection have filed a motion to dismiss a lawsuit by the natural gas company EQT over a new West Virginia royalties law.” Why this is important: When the Supreme Court of Appeals of West Virginia issued its decision in Leggett in May 2017, EQT could claim it had snatched victory…

New Jersey Governor Signs Sweeping Clean Energy Revisions Into Law, Formalizes 100% Clean Energy Goal By 2050

New Jersey has injected new life into its renewable energy programs with the passage of a bill that dramatically raises New Jersey’s renewable portfolio standards (RPS), revamps its solar renewable energy certificate (SREC) program, kick-starts development in energy storage and community solar, and re-establishes a directive to develop a program for offshore wind credits (ORECs). The new law increases the RPS to 50% by 2030, while Governor Murphy’s Executive Order…