Jim Willis

This is so frustrating. A panel of three extremely liberal (wildly left) Democrat judges sitting on the U.S. Court of Appeals — two appointed by Joementia and the other appointed by Lord Obama — have overturned a Federal Energy Regulatory Commission (FERC) approval of the $1 billion Transco Regional Energy Access Expansion (REAE) project that is already up and running and delivering extra natural gas supplies to Pennsylvania, New Jersey, and Maryland.

Chesapeake Energy issued its second quarter 2024 update yesterday. Due to the low price of natural gas, Chesapeake promised (in 1Q) that it would curtail roughly 25% of its production. The company kept its word. Chessy’s 2Q production was 24.9% lower than the same period in 2023. Production was 2.745 Bcfe/d in 2Q24 versus 3.653 Bcfe/d in 2Q23. Interestingly, the company’s production was ALL (100%) natural gas — no oil and no NGLs were produced last quarter.

DT Midstream (DTM), headquartered in Detroit, owns major assets in the Marcellus/Utica region and other regions like the Haynesville. DTM issued its second quarter 2024 update yesterday. Of keen interest to us was any talk of the company’s Phase III expansion to the Appalachian Gathering System and an expansion in the Tioga County gathering system. To understand the comments coming from yesterday’s update, we need to go back to the first quarter 2024 update… Please Login to view this content.