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Oil, Gas, And Fracking News Reads: 14February 2021

The natural gas storage report from the EIA for the week ending February 5th indicated that the amount of natural gas held in underground storage in the US fell by 171 billion cubic feet to 2,518 billion cubic feet by the end of the week, which left our gas supplies 9 billion cubic feet, or 0.4% below the 2,527 billion cubic feet that were in storage on February 5th of last year, and 152 billion cubic feet, or 6.4% above the five-year average of 2,366 billion cubic feet of natural gas that have been in storage as of the 5th of February in recent years..the 171 billion cubic feet that were drawn out of US natural gas storage this week was a bit less than the average forecast of a 175 billion cubic foot withdrawal from an S&P Global Platts survey of analysts, but way more than the 121 billion cubic foot withdrawal from natural gas storage seen during the corresponding week of a year earlier, and also more than the average withdrawal of 125 billion cubic feet of natural gas that have ....

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Biden, China dance around fossil fuel funding

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Daily on Energy, Presented by AHRI: Utility trade group warns Biden 2035 carbon-free pledge would jeopardize reliability and affordability

Daily on Energy, Presented by AHRI: Utility trade group warns Biden 2035 carbon-free pledge would jeopardize reliability and affordability
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EDISON ELECTRIC INSTITUTE WEIGHS IN: The utility trade group Edison Electric Institute is skeptical about one of
President Biden’s defining pledges: making the power grid 100% carbon-free by 2035.
“The 2035 date would be an incredibly difficult situation to handle for most companies of the industry,”
Tom Kuhn, the president of the institute, said yesterday during the group’s annual state of the utility industry briefing to Wall Street. ....

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Texas Group Sets Goal to End Routine Flaring

A group of organizations linked to the Texas oil and gas industry aims to end routine natural gas flaring in the state by 2030.
A group of organizations linked to the Texas oil and gas industry on Wednesday reported that they aim to end routine natural gas flaring in the state by 2030.
The announcement from the Texas Methane and Flaring Coalition follows a decision Tuesday by the state’s energy regulator to defer flaring requests from various operating companies.
A Bloomberg article posted to Rigzone deems the stance taken by the Railroad Commission of Texas (RRC) “uncharacteristically critical” of the industry practice. ....

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Oil and gas coalition aims to end routine flaring by 2030

Oil and gas coalition aims to end routine flaring by 2030
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Flaring on a site near Orla, Texas on Wednesday, April 29, 2020. A coalition of oil and gas trade groups say they aim to end routine flaring by 2030 as the Railroad Commission indicates it will crack down on the practice.Elizabeth Conley, Houston Chronicle / Staff photographer
A coalition of oil and gas trade groups says it aims to end routine flaring by 2030 as the Texas Railroad Commission indicates it will crack down on the practice.
The Texas Methane and Flaring Coalition on Wednesday said it will work to end the burning of excess natural gas from oil wells when there is a lack of gas gathering and processing systems to take it to market. The organization, which includes seven trade associations and more than 40 Texas operators, said it maintains the right to flare for safety reasons. ....

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