Natural gas prices are at $3.52/MMBtu, after hitting a high of $3.99 earlier this month, and a low of $3.21.
Gas storage is at 3,006 Bcfs, above the five-year average but below last year’s 3,190 for the same time period.
Drilling rigs are at 537, down from 555 last month, and still trending down.
Gas storage capacity went up in 2024. It had gone down significantly in the years before that, so having it go up is a very good thing.
The FERC has taken steps to remove some regulatory burdens that are slowing the construction of natural gas infrastructure.
Here’s an article explaining why we need more electricity (surprise, it’s for AI). And here’s one saying that we need to bring production of solar and wind components and parts back to the U.S.
Middle East energy companies are aggressively expanding into LNG.
The State Journal put together a pretty good article about the recent royalty cases decided by the West Virginia Supreme Court.
Diversified Energy keeps making moves. This time it’s a partnership with Carlyle, a financing company, worth $2 billion.
Lithium extraction from fracking wastewater has gone from theoretical to real in a very short period of time. Gradiant will open a lithium extraction plant in PA in early 2026.
Hope Gas and WATT Fuel Cells’ program to provide fuel cells to West Virginia homes just keeps getting bigger.
Chenier Energy has made the Final Investment Decision (FID) to build two more liquefaction trains at Corpus Christi.
All eyes have turned toward the Straight of Hormuz, at least, if those eyes are interested in the price of oil.
Commercial computing (AI) could be the largest single use of commercial electricity by 2050, passing cooling, lighting, and refrigeration.
Another company has announced successful testing of its lithium extraction process.
U. S. Energy Secretary Chris Wright visited Morgantown and talked up natural gas and coal.
The FERC Chairman says we came awfully close to blackouts on the East Coast during the heat wave we experienced toward the end of June.
The amount of proved reserves went down in 2024. This is mainly because the calculation for proved reserves includes an economic element, so when the price of gas is down the amount of proved reserves will also go down.
The Energy Institute’s annual report shows that fossil fuels provide 87% of the world’s energy, and that fossil fuel use continues to rise.
The Texas Supreme Court came down with a decision that is likely to affect many other decisions regarding lithium ownership in the near future. They say that the waste water belongs to the producer (the drilling company that holds the lease, to be precise), so the surface owner doesn’t get a say in what gets done with it. Now, this didn’t deal with a separate mineral and surface ownership situation, and it didn’t get into trespass or conversion, and it doesn’t decide who owns the lithium. There may be other ways to look at this–those are just ones that immediately come to mind. It’s going to be interesting to see how this plays out.
EQT has completed the acquisition of Olympus.
Louisiana has done the opposite of some states, they’ve passed a law that prioritizes energy sources that are dispatchable, reliable, and American made. It’ll be interesting to see how that affects what they pay for energy in the near future, as well as how resilient their grid becomes.
Here’s some analysis of OPEC+’s decision to increase oil production.
Here’s an article about Diversified Energy. One interesting thing it points out is that Diversified produces more gas from West Virginia than any other state it operates in.
Energy imports have dropped to 17% of American energy.