| | | Important Energy Industry News Items.
1. <Antero Resources CEO Paul Rady Retires, Michael Kennedy Replaces
August 15, 2025
A big change is happening at the top of the country's fifth-largest natural gas producer, Antero Resources, and its subsidiary Antero Midstream. Paul Rady, the company's co-founder, CEO, and President, is becoming "Chairman Emeritus," while Michael Kennedy, Antero's Chief Financial Officer (CFO), has become President and CEO. In addition to his roles of President & CEO, Rady was also Chairman of the Board for both Antero Resources and Antero Midstream. The company is separating that role from the CEO moving forward, splitting the board chairmanship for the two companies.>
marcellusdrilling.com
2. <OPEC’s “Price War” is Stalling New U.S. Shale Oil Drilling
August 15, 2025
We spotted a Financial Times article with an intriguing title: Opec oil 'price war' will halt shale boom, say US producers. The FT is the UK equivalent of our Wall Street Journal. Although it tilts a bit left, the reporting is usually pretty reliable, so we trust it (for the most part). We learned a few important things from this article. First is that the break-even price for U.S. shale drillers to make a profit is $65 per barrel. If oil remains below that point, new drilling stops. Second, one producer claimed his company would not "put any more rigs out" until prices get back to, and stabilize at, $75 per barrel.>
marcellusdrilling.com
3. < Pipeline Warning from Cheniere, Which Uses 8% of U.S. Nat Gas for LNG
August 18, 2025
The nation’s largest LNG exporter, Cheniere Energy, is sounding the alarm that massive investments in and quick construction of natural gas infrastructure (namely, new pipelines) are needed to feed the LNG beast. LNG exports are due to double, to roughly 30 Bcf/d (billion cubic feet per day) by 2030—just five years away. The pipelines we have now are pretty much maxed out. We need new pipelines, and we need to start building them NOW.>
marcellusdrilling.com |
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