You are here: Home » Geography » Appalachia
Appalachia
More News and Commentary
IEEFA
Reuters: Exxon Mobil (XOM.N) on Tuesday launched the sale of shale gas properties stretching across 27,000 acres in the Appalachian basin of Ohio, the company confirmed, part of an ongoing divestiture of U.S. assets. The top U.S. oil producer is marketing 61 wells that last year produced around 81 million cubic feet per day equivalent […]
Dennis Wamsted and Press Release
Financial concerns are likely to affect other PJM gas projects still in the planning phase
November 18, 2021 (IEEFA) – A recent decision to cancel the 1,000-megawatt Beech Hollow combined gas plant in Pennsylvania is the latest warning for investors considering funding new gas-fired power plants in the PJM Interconnection (PJM) region. According to a briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA), the reason is […]
IEEFA
S&P Global Market Intelligence ($): U.S. coal production bounced back in the first half of 2021 from early pandemic lows set in the first half of 2020, but average quarterly employment in the sector has not similarly recovered. Total U.S. coal output dipped substantially in early 2020 as reduced demand drove down energy consumption during […]
IEEFA
West Virginia Public Broadcasting: The Virginia Corporation Commission on Monday rejected Appalachian Power’s plan to keep the John Amos and Mountaineer power plants in West Virginia operating through 2040. The commission denied the company permission to make wastewater treatment upgrades at the plants and pass the cost on to electric power customers in the state. […]
IEEFA
S&P Global Market Intelligence ($): Norwegian oil and gas producer Equinor ASA is teaming up with manufacturer U.S. Steel Corp. to explore converting Appalachia’s natural gas to cleaner “blue hydrogen,” the firms said June 29. Blue hydrogen uses steam methane reforming to make hydrogen and uses carbon capture and storage, or CCS, technologies to store […]
IEEFA
S&P Global Market Intelligence ($): Across the board, pure-play shale gas producers are increasingly talking about environmental, social and governance issues in analyst and investor calls, according to an S&P Global Market Intelligence analysis of company call transcripts. Shale gas producers are under pressure from their LNG export customers to deliver natural gas with lower […]
IEEFA
S&P Global Market Intelligence ($): U.S. coal production in the first quarter of 2021 continued the industry’s recovery from a significant drop the previous year, but the sector’s employment levels are still suffering as the U.S. moves away from coal and embraces lower emission options. While coal production during the first quarter of this year […]
IEEFA
S&P Global Platts ($): US President Joe Biden’s first 100 days have brought a shift at a key independent regulator with oversight over energy markets and interstate gas pipelines, thrusting a Democrat with a strong interest in climate into a leadership position. Federal Energy Regulatory Commission Chairman Richard Glick has sought to smooth tensions with […]
Press Release, Kathy Hipple, Clark Williams-Derry and Tom Sanzillo
Free cash flow surges as capital reductions may mark beginning of end for shale boom
December 8, 2020 (IEEFA) —Facing low prices and weak demand, a cross-section of 33 shale-focused oil and gas producers cut their capital expenditures (capex) to their lowest level in more than a decade, according to an analysis released today by the Institute for Energy Economics and Financial Analysis. Thirty-two of the 33 companies cut capex […]
Press Release, Kathy Hipple, Clark Williams-Derry and Tom Sanzillo
Tide of red ink shows little sign of ebbing any time soon for shale-focused regional gas producers
December 3, 2020 (IEEFA)—Even after cutting their capital expenditures (capex) by more than one-third from the previous year, nine shale-focused gas producers in Appalachia spent a half-billion dollars more during the third quarter on drilling and building projects than they earned from selling oil and gas. Capex investments during the third quarter were the lowest […]
IEEFA U.S.: Frackers cut capex to $5.8 billion during third quarter, lowest level in a decade
Free cash flow surges as capital reductions may mark beginning of end for shale boomDecember 8, 2020 (IEEFA) —Facing low prices and weak demand, a cross-section of 33 shale-focused oil and gas producers cut their capital expenditures (capex) to their lowest level in more than a decade, according to an analysis released today by the Institute for Energy Economics and Financial Analysis. Thirty-two of the 33 companies cut capex […]