This NPR article discusses how natural gas production headed for a slow-down in 2020. Pennsylvania, Ohio and West Virginia accounted for one third of the country’s shale gas production in 2019.
This article discusses how a pipeline giant sues Railroad Commission, alleging lax oversight of natural gas flaring. A subsidiary of Tulsa-based Williams Cos. is suing Texas’ oil and gas regulatory agency after it approved a request from Dallas-based Exco Operating Co. to burn off natural gas from wells in South Texas while they were hooked up to Williams’ pipeline system.
This Bloomberg article discusses how the Permian gas problem is just getting worse. America’s top shale field is becoming increasingly gassy as drilling slows down, undercutting profits for explorers at a time when investors are demanding better returns. Natural gas has long been a nuisance in the Permian, where a massive glut weighs on prices, with crude producers sometimes having to pay to get it hauled away or burn it off in a controversial practice known as flaring. Now the problem is intensifying as wells age and fewer new wells are drilled.
This article discusses the bust cycle that natural gas is now in. Good times rolled for an extended period, and led to Pennsylvania becoming the nation’s No. 2 gas producer behind Texas. Then about four years ago, declining commodity prices began to hit the producers and continued to hit them. And is still hitting them, with prices half of what they were a year ago.