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Oil, Gas, And Fracking News Read14March 2021


The natural gas storage report from the EIA for the week ending March 5th indicated that the amount of natural gas held in underground storage in the US fell by 52 billion cubic feet to 1,793 billion cubic feet by the end of the week, which left our gas supplies 257 billion cubic feet, or 12.5% below the 2,050 billion cubic feet that were in storage on March 5th of last year, and 141 billion cubic feet, or 7.3% below the five-year average of 1,934 billion cubic feet of natural gas that have been in storage as of the 5th of March in recent years..the 52 billion cubic feet that were drawn out of US natural gas storage this week was less than the average forecast of a 65 billion cubic foot withdrawal from an S&P Global Platts survey of analysts, and was also less than 72 billion cubic foot withdrawal from natural gas storage seen during the corresponding week of a year earlier, and less than the average withdrawal of 89 billion cubic feet of natural gas that have been pulled out of ....

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Forest Service allows Mountain Valley Pipeline project to move ahead


Forest Service allows Mountain Valley Pipeline project to move ahead
(FILE) (Source: WDBJ)
By Pat Thomas | January 11, 2021 at 1:00 PM EST - Updated January 11 at 1:00 PM
ROANOKE, Va. (WDBJ/USDA Release) - The U.S. Department of Agriculture has released its decision updating an environmental analysis that allows the construction of Mountain Valley Pipeline on 3.5 miles of the Jefferson National Forest.
The USDA Forest Service issued a final Record of Decision that amends the Jefferson National Forest Land and Resource Management Plan (Forest Plan) to allow the Mountain Valley Pipeline project to move forward.
The report, according to USDA, “redeems the Forest Service’s commitment to ensure the pipeline minimizes impacts and meets standards for sustainability and conservation of natural resources on the national forests.” ....

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