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27 Jan 2021
On the day President Joe Biden issued an executive order to halt drilling leases on federal land a move critics say will cost thousands of Americans their jobs and hurt many states who benefit from oil and gas revenues Democrat Rep. Conor Lamb said environmental executive orders halting American energy production will help western Pennsylvania.
The
Pittsburg Post-Gazettereported on Lamb’s remarks:
Mr. Lamb, in an interview Wednesday, characterized the moves as consistent with what Mr. Biden campaigned on. Mr. Biden’s overall plan to revive the economy amid the COVID-19 pandemic, he said, will have a far greater impact on Western Pennsylvania energy jobs than the public lands moratorium or the Keystone pipeline cancellation.
The natural gas storage report from the EIA for the week ending January 15th indicated that the amount of natural gas held in underground storage in the US fell by 187 billion cubic feet to 3,009 billion cubic feet by the end of the week, which left our gas supplies just 36 billion cubic feet, or 1.2% higher than the 3,045 billion cubic feet that were in storage on January 15th of last year, but still 198 billion cubic feet, or 7.0% above the five-year average of 2,811 billion cubic feet of natural gas that have been in storage as of the 15th of January in recent years..the 187 billion cubic feet that were drawn out of US natural gas storage this week was 10 billion cubic feet more than the average forecast of a 177 billion cubic foot withdrawal from an S&P Global Platts survey of analysts, and way more than the 97 billion cubic foot withdrawal from natural gas storage seen during the corresponding week of a year earlier, as well as more than the average withdrawal of 167 billion cub
Residents speak out against pipeline – Times News Online tnonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tnonline.com Daily Mail and Mail on Sunday newspapers.
The 105th Pennsylvania Farm Show kicked off on Saturday, Jan. 9 and runs through this Saturday, Jan. 16. Sadly, this year the farm show is all virtual due to the coronavirus. In honor of this year's Farm Show, the Marcellus Shale Coalition published a post on their blog site chronicling how the Marcellus Shale industry has benefited (continues to benefit) thousands of PA farmers. Aside from bonus and royalty payments, the shale industry has dramatically increased the value of farmland in those counties with active drilling. Example: In Susquehanna County (just over the border from MDN headquarters), farmland used to be sold for $750/acre prior to the shale revolution. Nowadays? Sometimes it sells for $10,000 per acre! Farmers and the shale industry are partners. Each needs the other. Sometimes there's a bit of tension (i.e. certain companies, like Chesapeake, taking large deductions from royalty checks). Most of the time farmers are big supporters of shale energy. Here's