HEADLINES: EIA: US To Export More In 2020, FERC Opens Investigations

HEADLINES: EIA: US To Export More In 2020, FERC Opens Investigations


HELLO EVERYONE. THANK YOU FOR JOINING US FOR HART ENERGY HEADLINES. I’M JESSICA MORALES. THE U.S. WILL BECOME A CONSISTENT NET PETROLEUM
EXPORTER LATE NEXT YEAR AND WILL SHIP OUT MORE CRUDE OIL AND LIQUID FUELS THAN IT IMPORTS
BY SEPTEMBER 2020 AND THE NET EXPORT TOTAL WILL SURPASS 1 MILLION BARRELS A DAY BY DECEMBER
2020. THAT PREDICTION RELEASED BY THE E-I-A EARLIER
THIS WEEK. NEW FORTRESS ENERGY, AN INTEGRATED GAS-TO-POWER
LNG COMPANY FORMED BY FORTRESS INVESTMENT GROUP, LAUNCHED AN IPO WITH PLANS TO RAISE
$400 MILLION. IN THE PROPOSED IPO, NEW FORTRESS PLANS TO
OFFER 22.2 MILLION SHARES PRICED BETWEEN $17 AND $19 PER SHARE. TEXAS STATE SENATOR BRIAN BIRDWELL, WHO IS
THE REPUBLICAN CHAIRMAN OF THE SENATE COMMITTEE ON NATURAL RESOURCES & ECONOMIC DEVELOPMENT
ADVISED THE TEXAS PIPELINE ASSOCIATION AGAINST COMPLACENCY SIMPLY BECAUSE THE TRUMP ADMINISTRATION
IS OIL-AND-GAS FRIENDLY. IN PARTICULAR, BIRDWELL WANTS TO PRESERVE
THE TEXAS EMISSIONS REDUCTION PLAN RUN BY THE TCEQ. YOU CAN READ MORE ABOUT BIRDWELL’S ADVISORY
COMMENTS ON MIDSTREAM-BUSINESS-DOT-COM. AND FINALLY, FERC OPENED INVESTIGATIONS AND
ORDERED HEARINGS INTO THREE INTERSTATE NATURAL GAS COMPANIES TO DETERMINE IF THE COMPANIES
MAY BE OVER-RECOVERING THEIR COSTS OF SERVICE, RESULTING IN UNJUST AND UNREASONABLE RATES. FERC ALSO FOUND THAT NINE GAS COMPANIES HAVE
COMPLIED WITH THE FILING REQUIREMENTS OF ORDER NO. 849 AND TERMINATED THEIR FERC FORM 501-G
PROCEEDINGS WITHOUT ANY FURTHER ACTION. THAT’S IT FOR THIS WEEK, THANK YOU FOR WATCHING. I’M JESSICA MORALES.

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