[Tanada]

Given how cheap it is to produce shale gas why is the USA still a net gas importer?

[coffeeguyzz]

Pipelines ... more precisely, lack of.

Canada has an asston of natgas that still ships into the US.

Of course, the LNG plant in Boston harbor brings in gas from Trinidad, Yemen, Russia, cuz the stuff a short car ride away is that stinkin' no good fracked stuff.

Better to pay $175/mmbtu spot on January 5 at Transco Zone 6 than $4 bucks everywhere else.

[marmico]

To a rounding error, the US was a natural gas net exporter in 2017.

https://www.eia.gov/dnav/ng/hist/n9180us1A.htm

[AdamB]

$this->bbcode_second_pass_quote('marmico', 'T')o a rounding error, the US was a natural gas net exporter in 2017.

https://www.eia.gov/dnav/ng/hist/n9180us1A.htm

[Zarquon]

https://www.propublica.org/article/west ... atural-gas

$this->bbcode_second_pass_quote('', 'T')he Coal Industry Extracted a Steep Price From West Virginia. Now Natural Gas Is Leading the State Down the Same Path.
“It’s déjà vu for the people who sat here 130 years ago and gave away our coal wealth to big out-of-state companies,” one state senator said. “That’s what we’re about to do again.”

[coffeeguyzz]

I only briefly skimmed part of that linked article but will return to it later.

There are many threads, many aspects to this particular situation, West Virginia and its emerging natgas industry, but a crucial component is seldom mentioned.

That is trust.

North Dakota culture demonstrably shows how government, regulators, and industry work in a collaborative atmosphere to ensure maximal societal benefit. This manifests by enabling effective extraction and handling of hydrocarbons with minimal collateral downside and equitable sharing of the overall financial returns.

Described succinctly, little harm, efficient operations, some revenues to all.

Unfortunately, ideologues have used every tool at their disposal, notably 401 water certificates and a gazillion other objections in their zeal to keep it in the ground.

The people of Appalachia are standing atop a hydrocarbon bounty equal to the middle with its oil.

Should prudence and integrity hold sway, generations to come will benefit enormously.

[rockdoc123]

$this->bbcode_second_pass_quote('', 'S')hould prudence and integrity hold sway, generations to come will benefit enormously

[StarvingLion]

$this->bbcode_second_pass_quote('rockdoc123', '')$this->bbcode_second_pass_quote('', 'S')hould prudence and integrity hold sway, generations to come will benefit enormously

[Tanada]

$this->bbcode_second_pass_quote('', '[')b]Chesapeake beefs up shale gas play with $2.5 bln Chief E&D deal

Jan 25 (Reuters) - Chesapeake Energy Corp (CHK.O) said on Tuesday it will buy privately held oil and gas producer Chief E&D Holdings LP for about $2.5 billion expanding its position in the gas-rich shale plays of the U.S. northeast.

The acquisition by Chesapeake, a U.S. shale gas and oil producer that emerged from bankruptcy just last year, underscores the recovery of parts of the energy industry as commodity prices surge.

Reuters reported exclusively last week that Chesapeake was in advanced talks to buy Chief E&D.

Chesapeake will buy the company and some stakes held by Chief E&D's asset partner for $2 billion in cash and about 9.44 million worth of shares. That represents a deal value of about $2.6 billion, according to Reuters calculations, based on Chesapeake's last close.

Chesapeake also agreed to sell its Powder River Basin assets in Wyoming to Continental Resources Inc (CLR.N) for about $450 million on Tuesday.

Chief E&D, founded and controlled by Texan Trevor Rees-Jones, was launched in 1994. The company operates in the Marcellus shale in northeastern Pennsylvania and has around 600,000 net acres, producing more than 1 billion cubic feet per day of natural gas.

Chesapeake has focused on natural gas production, a return to its roots as a company founded in 1989.

The sale of Chief E&D will be the latest combination of U.S. natural gas producers in the last few months. Chesapeake last year bought Vine Energy for $615 million, while EQT Corp (EQT.N) bought Alta Resources.

The Chief E&D deal will immediately add to production and cash flow, the companies said, adding that they expect annual cost savings of $50 million to $70 million.

Chesapeake also said it plans to raise its annual dividend by about 14% from the second quarter to $2 per share.

[Doly]

$this->bbcode_second_pass_quote('', 'N')o elaboration on what the energy alternatives actually are...
"Hydrocarbons from all sorts of sources"....there are no other sources.

"I am a full believer we need to move away from oil and gas as our main energy source..." but you have no idea what it is. LOL

[ROCKMAN]

Doly - I'll jump in ahead of Doc. Take a look at US natgas production history from 1900 to 2021. And I'll explain some of the curve. The 1950 to early 70's ramp up came from exploiting conventional reservoir trends (including offshore). And the static until 2008 or so. That production came from progressively smaller convention reservoirs that were more easily discovered due to new technology...essentially seismic data. And then the ramp up from the horizontal development from unconventional reservoirs...the shale formations.

And where are we today? Can't really say from the graph. Looks like shales may be peaking. But need to see about another 10 years or so to be more confident.

But this brings us back to you question:"...what sort of energy mix do you imagine is workable in the coming two decades?" Obviously without natgas supplementing oil, hydro and coal for the last 70 YEARS the US economy would have struggled to have grown as it has. The future? Not much hydro left to develop. Oil? Again the site is called "PEAK OIL". Coal? It is supposedly the worst sin we can play. And nuclear the second worst sin...especially by those who will have to pay for it, including waste disposal and decommissioning. So then it seems like solar, wind and maybe natgas. So, who wants to bet their (and their children/grandchildren) economic future on wind and solar ramping up fast enough? And do so while hoping natgas hangs in there for another 30+ years?

Yeah, I know I answered your question with a question. Sorry about that. LOL.

[Pops]

$this->bbcode_second_pass_quote('ROCKMAN', 'S')o, who wants to bet their (and their children/grandchildren) economic future on wind and solar ramping up fast enough? And do so while hoping natgas hangs in there for another 30+ years?

[Plantagenet]

$this->bbcode_second_pass_quote('Pops', ' ')I can't figure out why all of a sudden there is the gas problem when it was going to be the "brige fuel" - bridge to nowhere more like.

[dissident]

Elasticity of supply from tight gas plays ain't all it's cracked up to be.

[AdamB]

$this->bbcode_second_pass_quote('dissident', 'E')lasticity of supply from tight gas plays ain't all it's cracked up to be.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('coffeeguyzz', 'P')ipelines ... more precisely, lack of.

Canada has an asston of natgas that still ships into the US.

Of course, the LNG plant in Boston harbor brings in gas from Trinidad, Yemen, Russia, cuz the stuff a short car ride away is that stinkin' no good fracked stuff.

Better to pay $175/mmbtu spot on January 5 at Transco Zone 6 than $4 bucks everywhere else.

[AdamB]

$this->bbcode_second_pass_quote('Leanan', '
')The idea that nature won't put more petroleum in the ground if you wave enough cash around seems to be completely beyond even the so-called experts.