Nat Gas News – November 1, 2018

Nat Gas News – November 1, 2018

House Destroyed, Family Injured by Natural Gas Explosion

U.S. News & World Report reported: Officials say a natural gas explosion in western Pennsylvania destroyed a home and sent a family to a hospital burn unit for treatment. The home of the White family burst into flames when Cody White went to turn on the stove around 11 a.m. Wednesday. The Pittsburgh Post Gazette reports the suspected cause is a methane leak. Morgan Township supervisor Shirl Barnhart says there was nothing left to save of the building. He says “it just blew up and we just had a hole with fire coming out of it, total loss.” Utility Peoples Natural Gas and the Public Utility Commission are investigating the source of the methane explosion. Barnhart says methane leaks are unfortunately a problem in the area. For more on this story visit usnews.com or click https://bit.ly/2SAnGeK

U.S. Natural Gas Goes Global

Forbes reported: As much as fossil fuel alternatives are increasing, natural gas is increasing more. Gas dominates the American energy scene and will continue to grow faster than all other energy sources in the United States. At prices less than $3/MMBtu, natural gas is undercutting nuclear and coal. Renewables can only compete with huge subsidies and state mandates. Besides, renewables need gas to load-follow them so gas loves wind and solar. But there are fears that the industry may not be able to maintain these prices. Richard Myers sums it up like this – the industry can’t make a lot of money at these prices and producers won’t keep this up for too long. The United States used almost 30 trillion cubic feet of natural gas last year, but we have well over two quadrillion cubic feet of natural gas that everyone thinks is recoverable at $4/MMBtu. But costs vary wildly within the same play, sometimes by 100%. (A play is group of petroleum fields in the same region in the same geological setting). At the same time, demand for gas will continue to increase. State legislatures love gas, the regulatory and permitting agencies love gas. For more on this story visit forbes.com or click https://bit.ly/2AFH9UH

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