How the U.S. went from importing liquified natural gas to leading world exports : The Indicator from Planet Money In early 2016 the U.S. barely exported any liquified natural gas at all. Hart Energy LIVE is moving in a strategic direction by getting industry input to drive the conversation for each event. The grids were at the brink. So what does that mean? Jim Diemer, Director, Commercial & Strategic Analytics, Sempra Infrastructure, asked Are you willing to make a 30-year investment when permitting is uncertain and the next administration may change the rules by executive order? Its a reality check on where politics intersects energy policy and corporate investment. It won't be smooth. The APGA Annual Conference is traditionally the largest gathering of publicly-owned and community-owned natural gas professionals across the nation. We've obviously with blackouts, etc., the recent California electrification of homes by the year 2030 is going to be a disaster if it happens at all. October 09, 2023 to Importantly, demand is going to skyrocket to hit the targets that the IEA has suggested. REGISTRATION OPENS & Networking BREAKFAST. There was before this, there was an outsourced world. (4:20): Think about Europe. We are grateful to our Conference Advisory Council members for their contribution to not only this industry and its success, but their expertise to drive the conference agenda to a more robust and thoughtful direction. We basically slept, walked into a crisis. The U.N. did nothing to advance human rights. But a lot of that opportunity is gone. I can give you reliable, but it may not be clean. Co- Founder and Managing DirectorGreenFront Energy Partners, General Manager and Head of Power & RenewablesEnverus, Gas Development Services AdvisorBerkshire Hathaway, Executive Vice President, Corporate Strategic DevelopmentWilliams. The U.S. regulatory environment is putting severe constraints on the domestic energy future and that of Americas allies, posing the potential for loss of credibility with nations teetering on the brink of aligning with Russia and China. You have people, you have governments trying to force prices, nationalized suppliers, windfall profits, tax on producers, taxes, penalizing certain sources, inflating others. Energy news, analysis, interviews, and exclusive coverage you need to keep your industry edge. Co- Founder and Managing DirectorGreenFront Energy Partners, General Manager and Head of Power & RenewablesEnverus, Gas Development Services AdvisorBerkshire Hathaway, Executive Vice President, Corporate Strategic DevelopmentWilliams. America's Natural Gas Conference 2023 2023 | Hart Energy MODERATOR (S): Jay Young, President & CEO, King Operating Corporation. First, the world isn't seamless. JP: You mentioned technology, and I'm really glad you did because I write a lot about technology. We've seen overtures to Venezuela about producing more oil. They've just sanctioned themselves. A searchable database of oil and gas debt and equity offerings. Human beings are incredibly resilient. In these commitments, members pledge to use technology and best practices to reach goals in areas such as safety, security and environmental impact. Copyright 2023 API. I want my federal reserve to keep our economy stable. And Japan is returning to nuclear. And the third is a big commitment to climate adaptation. Gain insights from industry executives and expert analysts, with a compelling agenda and speaker roster, at the 7th Annual DUG Haynesville Conference and Exhibition. Natural gas will remain the key to North America's energy transition for these four reasons, as cited in a recently published Siemens Energy white paper: [4] Natural gas will continue to be a . The cacophony of calls to decarb portfolios has quieted. Database of selected U.S. and international exploration wells. GH (12:13): So I think everyone can appreciate that there's not as much tier one inventory in all of these basins as people say. Gordon Huddleston is here to tell us why the company is so keen in what the Haynesville has to offer. The banks were on more leverage, and then you had this massive notional amount of derivatives in the mortgage market that was something like 10 or 15 x, the actual market itself. GH (7:19): I can't really speak for the entire basin. The hundred-year flood has now become the 20-year flood. It is regulation agnostic. However, it is time to realize that our goals on climate are not going to be met in time. So really, I don't think that we're going to have a global financial crisis absent a big exogenous event. Absent a massive commitment to nuclear power, which we obviously haven't done, we will bump up against capacity limits for world rare earths natural gas grid capacity guaranteeing us higher prices and intermittency, and this is regulation agnostic. Reliable was is something that we don't value until it's gone, and that's where the sleepwalking happens. In institutions I don't see that happening. It's not a sunny country. | San Antonio, TX, November 29 - 30, 2023 (5:29): It is structurally flawed. What Is Natural Gas? And as we all know, consensus pricing doesn't necessarily reflect where the curve is today. For electrification, lithium demand would have to grow 40 times what it is today. Leading U.S. gas producers describe growth plans, the near-term obstacles to greatly increasing supply, market volatility, making green gas, signing supply contracts for LNG and their longer-term outlook for indigenous and foreign demand. 2023 Hart Energy. (18:31): We are forcing the energy de-globalization around the same forces of decoupling. So China and Russia are playing their games and those games require order. All rights reserved. Join us as we listen to world class leaders discuss the United States' gas growth potential of the Marcellus and Haynesville as well as gas fairways in the Permian, Eagle Ford and Gulf of Mexico. Reproduction in whole or in part, in any form or medium without express written permission is prohibited. Yet the rich countries, we've empirically proven that the rich countries are able to weather the storm better than the poor countries. New LNG export capacity underway and awaiting FID. So I think we need to learn and we just need to be smarter. Even after Fukushima, our administration is caught between the progressive agenda and reality. All the operators would if you had a blank slate. (7:44): In the Shale Revolution, energy independence calls kind of subsided. After the war came, the wall came down. (9:40): As a result, we were really under investing here at home. Database of selected U.S. and international exploration wells. WASHINGTON, D.C. - Today, the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) announced their partnership to provide more than $1 billion in funding from President Biden's Investing in America Agenda to help reduce wasteful methane emissions from the oil and gas sector, one of the primary drivers of the climate crisis. A searchable database of oil and gas debt and equity offerings. You go to a restaurant, you deal with less service. There's enough supply of everything on this planet to meet the world's energy needs, to do it cleanly and reliably while managing the dollars to adapt to climate change. JP: On a related note we have another audience member who wants to know people who today have been talking about the longevity and drilling inventory in the Haynesville. And so I think our breakevens are slightly different. Certainly people recognize the value of that basin and where it's just more challenging to have it make sense versus what we see as there's a lot of opportunity from an organic standpoint. Policy assumes that trends will always, today's trends will always continue. The Inflation Reduction Act shows where our priorities are $370 billion over 10 years, all full of incentives for solar and wind and EV [electric vehicle] chargers, etc. The energy transition is not easy at all for those reasons. Database of selected U.S. and international exploration wells. So I want my federal reserve making sure that we're economically healthy. (13:38): Electrifying everything makes no sense. America's Natural Gas Conference 2022: TG Natural Resources TG Natural Resources' Craig Jarchow spoke to Hart Energy senior editor Joe Markman about his company's operations and ESG initiatives in the Haynesville. RBAC Inc. - America's Natural Gas Conference 2022 $3 trillion. Given its reputation for low-cost, clean and stable generation, gas dethroned coal in 2016 as the US's No. And people want solutions that are clean. Very importantly, the views you're going to hear are my own. In fact, in some ways they're worse. ANG 2022 Post Session - 05 The Haynesville_Pallanich_Huddleston, America's Natural Gas Conference 2022: Aethon Energy, Meritorious Awards for Engineering Innovation (MEAs), Meritorious Awards for Engineering Innovation (MEA), RPC Acquires Oilfield Services Company Spinnaker, C-NLOPB Issues Non-Compliance Notices in Hebron Incident, US Drillers Cut Oil and Gas Rigs for Ninth Week in a Row: Baker Hughes, Production Test for Trio's HV-1 Well Slated for July. The U.S. regulatory environment is putting severe constraints on the domestic energy future and that of Americas allies, posing the potential for loss of credibility with nations teetering on the brink of aligning with Russia and China. Join us in September when industry leaders will discuss topics such as: The U.S. has grown into the worlds No. Is 4 Tcf of gas storage enough in 2040? The conference is hosted by Hart Energy and will be held at the Westin Galleria on September 27, 2023. (3:19): But this is no time for dreamers. But I will aim high since this is an audience that already knows the energy industry. We are presenting the wrong answers to the right questions and for forcing the energy equation into direct conflict with other geopolitical and economic dynamics. Okay, this is not good news. It just depends on what price. Bernadette Johnson, Head of Power & Renewables at Enverus Energy noted that There is a disconnect between current energy policy (aspirational) and reality about planned power gen retirements. Tue, 09/27/2022 - 08:35 AM. We've seen the Biden administration feverishly work on resurrecting the Iranian deal. So I think you got to be a little careful about condemning large swaths of acreage, especially that are hydrocarbon rich because there's a big prize to solve that problem. America's Natural Gas Conference 2023. The annual Americas Natural Gas Conference describes the successes of today and the tasks ahead in achieving assured results for decades to come. WellDrive is excited to attend Americas Natural Gas Conference, where world class leaders address the gas growth potential from the Marcellus and Haynesville to gas fairways in the Permian, Eagle Ford, and Gulf of Mexico. A customer pumps gas at an Exxon gas station in Houston, on July 29, 2022. Full mining and minerals development is very expensive, and we haven't even accounted for the back end of what happens when we have to dispose of several hundred million batteries and all those sorts of things. Natural gas is a domestically produced, affordable, and foundational fuel source that the U.S. will rely on for decades to come . Those are the wrong places, and we're raising the cost of energy in the process, which is a regressive tax while not helping the environment at the end. Of course, that's a 15-year construction project. But, will deals face headwinds from policy uncertainty and a focus on renewable energy? What was it like, and what insights were shared? I'll worry about clean later. I think a lot of people are looking at a creation from a free cash flow standpoint and then you have other reasons for acquisitions including dirty hedges for large downstream users. The U.S. took the lead for natural gas production growth beginning with the Marcellus discovery in 2007 and the Haynesville in 2008, and has since substantially further expanded that lead by having 7 Bcf/d of pipe capacity to Mexico and 13 Bcf/d of LNG export capacity. All of a sudden, we had some problems. And obviously, I don't know if some of y'all saw the recent news about Stream potentially being damaged could, So we all know salt water and pipelines not exactly a great thing and that could create a real problem even if things improved. BPXs Kyle Koontz reflected on the miracle of natural gas and how to be part of the solution regarding energy. In other parts of the world, technology is going to be the greatest asset to authoritarian regimes, and whereas internet 1.0 brought us the Arab Spring, the internet 2.0 is demonstrated by China, has demonstrated the ability for a tool for very small numbers of people to control literally billions of people. The United States is leading the world in natural gas production and exports have increased exponentially. America's Natural Gas Conference 2023 September 27, 2023 | Houston, TX Join us as we listen to world class leaders discuss the United States' gas growth potential of the Marcellus and Haynesville as well as gas fairways in the Permian, Eagle Ford and Gulf of Mexico. When it comes to energy policy, the next president and members of the next Congress will play a critical role in shaping Americas 21st century energy renaissance, determining whether our nation will cement its position as a global energy leader. 80% of the world's graphite comes from China. We're back to the lifeboat, the boat with no life raft, and we're doubling down on the 50 year plan instead of the let's save ourselves plan. 1 natgas supplier, exporting up to 20 Bcf/d while consuming some 80 Bcf/d domestically. We've taken a number of steps to try to control that as best we can, as well as ensure availability of supply of things like casing and tubing, etc., with our partnership with U.S. Steel. And that includes disparate countries from Northern Europe and Southern Europe. All of a sudden, out of necessity, now of a sudden they're talking about it. The growing status of natgas in allies defense and economic security is leading to CH4 rivaling that of Opec in global political power. All rights reserved. North American Midstream Infrastructure through 2035: Significant Development Continues updates the 2016 infrastructure report to reflect the dynamic changes in the natural gas, NGL and oil industry in recent years. And then California is not turning off their last nuclear reactor. Pipelines work like a clean energy highway that moves natural gas from where it is produced to where it is consumed. MODERATOR(S): (15:47): Natural gas is going to be viewed as green, and it is starting to again. They're incredibly adaptive creatures. The EIA estimates that global energy demand will grow by 50% between now and 2050 based simply on the world population. Thomas Holcombe, Director of Business Development, Kinder Morgan Inc., gave an interesting presentation on their RNG projects, advocating renewable natural gas to be part of the energy transition solution. Now, where will we go from here? We love the conveniences and the empowerment of technology, but we haven't quite figured out what to do with the privacy and polarization that it requires. Natural gas and oil drive the U.S. and world economies, and energy analysts project they will continue in that leading role for decades to come. Congratulations. The last time we saw this much intervention was in the 1970s where we had price controls, import quotas, government allocations, and the result was fivefold increase in prices and massive shortages. It's the U.S. and China and secondarily, India and Russia and places like in South Africa. The Uinta competes with the Permian Basins best counties, although XCL Resources acknowledges the crudes paraffin content presents transportation hurdles. If just like we're seeing in the United States, we don't have full labor markets. Welcome to America's Natural Gas Conference 2023. Their governments have changed because they've been protesting rising energy prices, and that's code for clean. These RSG leaders describe best practices in in-field gas-leak capture, the role of AI, the advent of adding CCS to further green the gas, the outlook for a widely accepted blockchain for greened Btu, market share for RNG and prospects for blue hydrogen. I mean, they're really scary. I want my defense department to keep me safe. It was a call to reason rather than a criticism, per se. These Washington insiders describe how to wrestle the market out of 20th-century-think and into this new world. We're going to go from 8 billion people to 9 billion people. ANG 2022 Post Session - 04 The Geopolitical Landscape_Darbonne_Hersh, America's Natural Gas Conference 2022: The Geopolitical Landscape & US Energy, Meritorious Awards for Engineering Innovation (MEAs), Meritorious Awards for Engineering Innovation (MEA), RPC Acquires Oilfield Services Company Spinnaker, C-NLOPB Issues Non-Compliance Notices in Hebron Incident, US Drillers Cut Oil and Gas Rigs for Ninth Week in a Row: Baker Hughes, Production Test for Trio's HV-1 Well Slated for July. The Appalachian Basin alone has the potential to produce more than 60 Bcf/d, as the imminent unleashing . We hope to see you there. So that's what I think is the greater threat. Are we at risk of a collapse of world order? Join us as we listen to world class leaders discuss the United States gas growth potential of the Marcellus and Haynesville as well as gas fairways in the Permian, Eagle Ford and Gulf of Mexico. We all traveled. But unfortunately we keep going back to that serve, that same master. We make safety our first priority on each and every project to ensure a safe and reliable energy highway. Why are we not having the results? Time out. Heres its portfolio, work in ESG and outlook. RBAC is here with decision support tools to help you and your analysis so you can be successful and help the energy industry itself deliver up its purpose to power the world. We ran the play that if you have global economic interdependencies, supply chains, energy chains, you name it, that would bring lasting peace. And we are moving from a single polar world to a multipolar world as three spheres: the Chinese sphere of influence, the U.S. sphere of influence and the Russian sphere of influence start to divide the various forces on the planet. So we're the second largest private natural gas operator in the U.S., where the second largest supply to Cheniere, now behind Southwestern after their acquisitions. JP: No, it is not. And I think the challenge is also forecasting though, what is technology going to do? We should continue to be more gentle on the planet. I want everybody to remember and everybody can repeat this because we all need to be evangelical about this that fossil fuels did not take a livable climate and make it inhospitable. Nickel takes 15 to 20 years from start to first production. Prices for top E&P stocks and commodities. None of us in our private deals, none of us would do a deal with a bad partner. That's a one-third of every tax receipt of every government in the world. So for rare world order to break down it has to be a wholesale collapse. Now it's . That looked like a good bet. It doesn't say, please fix my climate. (11:39): Thirdly, the energy transition isn't necessarily that clean. And I think there's a lot of inventory, there's a lot of, more importantly, there's a lot of hydrocarbons in place and it's in the right place. But certainly it seems like normalizing relations with Russia would take effectively a change in at this point. Join Hart Energy and gather insights into three of Americas most prolific shale plays this coming May. Consumers and producers serve different masters, and we get it wrong when we get it wrong. As the worlds No. The U.S. took the lead for natural gas production growth beginning with the Marcellus discovery in 2007 and the Haynesville in 2008, and has since substantially further expanded that lead by having 7 Bcf/d of pipe capacity to Mexico and 13 Bcf/d of LNG export capacity. And there are a lot of different motivations, but I think there's a pretty big wide bit as spread at this point. Tue, 09/27/2022 - 09:50 AM. Why Natural Gas Makes the US Power Grid Vulnerable - Bloomberg.com We have a very long-term view and felt like the Haynesville proximity to the Gulf Coast was good from a marketing perspective. That's exactly what's happening today. The Appalachian Basin alone has the potential to produce more than 60 Bcf/d, as the imminent unleashing of the U.S. permitting process will lay more pipe. Database of selected U.S. and international exploration wells. Information on assets, buyers and sellers, deal values, and more. This boat took 75 years to build. It's based on faulty assumptions. 125, Administration: (281) 506-0588Sales: (281) 506-0588 ext. It is not in our best interest to be green at all costs. Copper takes about 15 years, and that's after all the NIMBY protests. RBAC, Inc. has been the leading provider of market fundamental analysis tools used by the energy industry and related government agencies for over two decades. Buy one because you want one, don't buy one because you think you're doing good for the planet. Obviously it seems to be worsening rather than improving, but there is a lot of, there's a motivation to get cheap gas to Europe and some would say you almost got addicted to that and Germany has a large industrial base. Renewables, where they're competitive without subsidies, make a lot of sense. The conference is hosted by Hart Energy and will be held at the Westin Galleriaon September 27, 2023. RBACs Founder, Dr. Robert Brooks spokeat Americas Natural Gas conference in Houston, on September 27th, 2022, along with a multitude of informative industry speakers and at a conference packed with insight and future trends. (8:01): And I think the challenge is, as we all know, gas price is quite uncertain. Why has nothing been done or not? Second thing is, I apologize that I go fast but when I get going, I get kind of heated and I get carried away. 70% of the world's cobalt comes from the Democratic Republic of Congo, which is neither democratic nor republic, but it is the Congo. The first loser is Russia. Attendees will listen and participate in discussions on Permian Basin, Eagle Ford, Midcontinent and the Bakken/Rockies shale activity. In September, Hart Energy will host the first Americas Natural Gas Conference where industry leaders discuss topics such as: Stay informed on NatGas developments and network with key industry players as we update this fastest growing segment of the energy industry. There are three spheres, and it's being done when the central banks around the world are synchronized in their motivation to raise rates. So how did we get here? And the world is figuring all this out and it is still unsettled. Russia invaded, the invasion shows that when you do business with a bad partner, it's only a matter of time. Is 4 Tcf of gas storage enough in 2040? And we've seen that. Because rock that today would say doesn't going to compete on a dispatch curve in five or 10 years. Join Hart Energy LIVE's secondAmericas Natural Gas conference as world class leaders address the gas growth potential from the Marcellus and Haynesville to gas fairways in the Permian, Eagle Ford, and Gulf of Mexico. Wheres the money? (22:09): But in effect, they've just hastened the transition away from them. Even if you look at the crazy numbers, 200 million electric vehicles, it still won't matter. The world population has gone from 6 billion in 1998 to 8 billion people in 2020. If you go to the NOA website and look at these things, it's really scary. Leading U.S. gas producers describe growth plans, the near-term obstacles to greatly increasing supply, market volatility, making green gas, signing supply contracts for LNG and their longer-term outlook for indigenous and foreign demand. Adaptation is a much better bet. KH (29:46): Oh I am generally bullish on democracy and freedom. (17:43): Even central banks are now adding climate change as their new focus, as a new focus area, totally baking in. They do not represent the Bush Institute. Gordon Huddleston (00:48): Thank you very much. There was a very interesting presentation on Hydrogen Dr. Minh K L. of Rystad Energy, calling it a pillar of the energy transition and noted that part of where that comes from is Natural Gas. His analysis showed large growth in the sector. We've made a concerted effort to bring all of our completions and drilling in house, which a number of other firms are doing as well. We've got potential headwinds of a recession here, especially around maybe Q1 and with rates coming up and the LNG solution is pretty far off and it remains to be seen what happens with the Russia Ukraine situation. Rextag database of energy infrastructure assets. Do you honestly think honestly think that our Congress, with its 18-month visibility and incentive structure can focus on a problem that's a 30 year problem? He also pointed out that Natural Gas storage will be more important as renewable penetration increases. (14:42): And as I said, on the rare earth side, we're playing with the same fire. For those who've heard me speak before, I get opinionated. Yet, that's exactly what we were doing by outsourcing everything around the world, especially to places like Russia and China. View the Full Calendar No longer is Americas CH4 strandednor in short supply. First of all absent of really major exogenous thing like a nuclear weapon going off in a crazy place there isn't as much leverage in the system as there was in 2007, 2008. Approximately one-third of energy consumed in the U.S. travels through natural gas infrastructure. 2023 APGA Annual Conference July 16-19 | Scottsdale, AZ Registration Open Make plans to join APGA July 16-19 for our 2023 Annual Conference in Scottsdale, AZ. Fires, droughts. They want to see that solution if possible. We should not be working on the small little things that are going to increase our problems. Heres an insiders view of the U.S. role in assuring that gas will be there. It is insanity that we're not seeing our entire fossil fuel industry in the United States as a bridge. KH (27:37): Predicting a global financial crisis is a very tricky question. Lets dive into it. They're going to be U.S. producers in general, the coal producers in the medium term. That should be one of the evangelical things that we all need to be talking about. So that were not in that situation. He warned the high prices of energy mean the de-industrialization of Europe and that Todays fertilizer shutdown equals tomorrows famine, giving a serious warning for policy makers to heed. Event. Reproduction in whole or in part, in any form or medium without express written permission is prohibited. We wanted cheap, plentiful and reliable energy, which was fine. I don't see it. Nissa Darbonne, Executive Editor-at-Large, Hart Energy, SPEAKER(S): The top three minerals producers produce 80%, and China is the dominant player. So, the energy sphere seems to move at breakneck speeds, and you have to move very fast to keep up. And that's unfortunately what we need. And I think if you look out our forecast show that there are going to be constraints finally, but it certainly is easier to build pipe in Louisiana and Texas. If we do, we go back and regret it later. As natgas is the bridge in the energy transition, will there be enough grid? world class leaders address the gas growth potential from the Marcellus and Haynesville to gas fairways in the Permian, Eagle Ford, and Gulf of Mexico. 2023-06-30 - Trio Petroleum expects cash flow from its South Salinas HV-1 well in California in the third quarter of 2023. Second is a big commitment to nuclear power. 2023-06-30 - Trio Petroleum expects cash flow from its South Salinas HV-1 well in California in the third quarter of 2023. Germany has said they're going to dramatically increase solar generation. The play didn't work. It's not cheap. Copyright 2023 Hart Energy Conferences. The rise of American natural gas - NPR We've spent 25 years of great meetings in Kyoto and Rio and Copenhagen and all these really fancy places to get 196 countries to agree when we don't need 196 countries to agree, you need the top four. The charts we saw in the prior speaker, especially the hydrogen numbers, that looks great when everything's just seamless.