Oil and Gas headed for a rebound?

The oil and gas industry has provided enormous economic opportunities in places like the Pittsburgh region, from shale gas development or “fracking,” in the Marcellus and Utica shales. But will this recent downturn turn back around again soon? The answer is yes, according to the experts at Harts.

(related “Tip of the ethane iceberg” see MatthewPitzarella.com)

According to an article “Analysts: ‘Rebound’ Coming For Oil And Gas” that appeared in Midstream Business quoting Hart Energy’s Stratas Advisors John Paisie:

“Economic indicators point to a near-term uptick in the oil and gas business after a long and painful downturn, Stratas Advisors researchers told a Midland, Texas, audience March 22.

“We are poised for a rebound,” John Paisie, executive vice president of Hart Energy’s research arm, said in his presentation to the 2017 Permian Basin Outlook Breakfast at the Midland Country Club. There are positive trends, such as Europe’s improving economy and a counterbalance of lingering oversupplies. “We will have a production-demand crossover as the world market rebalances,” Paisie added.”

You really need to read the full piece, which looked at macro factors through the prism of the Permian Basin where the presentation was delivered.

“Natural gas is another matter for Permian producers, Haas said, because “we still have growing production from the Beast of the East—the Marcellus and Utica—that is really driving natural gas production now.” As with crude, gas exports will be key, he added. Exports to Canada are down because Canadian gas is discounted even more than U.S.-produced gas. However, exports to Mexico and LNG volumes will continue to grow.

U.S. petrochemical plants are strongly favored now due to rising NGL production from the shale plays—as well as discounted gas that can cheaply fuel the nation’s growing cracking capacity.

“U.S. petrochemical producers are sitting in the catbird seat” as a result, he said. NGL exports have been strong and will continue to grow, especially propane, Haas said.”

MSB 3-30-2017
Be sure to visit Hart Midstream Business

For more information on the recently announced cracker facility in Beaver County, be sure to jump over to the Pittsburgh Business Times special section “Countdown to Cracker.”

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Are billions of dollars about to pour into Pennsylvania’s economy?

It seems everyone has shared, liked, posted, or read something about Team Pennsylvania’s report from IHS Markit “Prospects to Enhance Pennsylvania’s Opportunities in Petrochemical Manufacturing” but does it really mean there might be $3.7 billion in new potential investments thanks to Marcellus Shale “fracking” in Pennsylvania?

(for more see MatthewPitzarella.com “Pittsburgh region ‘tip of the ethane iceberg’“)

The experts point to yes. The report “forecasts $2.7 to 3.7 billion in investments in natural gas liquid (NGL) assets as well as the opportunity to attract additional cracker plants, and petrochemical and plastics manufacturing.”

(if you want to know what a “cracker plant” is hop over to the Continue reading “Are billions of dollars about to pour into Pennsylvania’s economy?”

Pittsburgh tops list of U.S. downtown “comebacks”

Readers of Realtor.com now know what the Pitzarella household has long maintained: downtown Pittsburgh has truly transformed itself. In fact the influential website listed Pittsburgh number one on their list of “Top 10 Cities Where Downtown Is Making a Comeback”

Make sure to check the post out for yourself right here, but the survey cites a 32% population growth with a 31% increase home price growth since 2012. Another recent report pointed to the boost in jobs thanks in part to natural gas from shale and “fracking” in the manufacturing field.

Further from the Realtor.com post:

In the downtown “Golden Triangle,” there are rooftop bars, hipsterfied eateries, and craft breweries. The renovated Market Square Place is buzzing day and night, and there’s even an influx of experimental public art. The latest installation: an “interactive jukebox” that played sound tracks while 6,000 LED lights flashed, making the square look like a giant spinning record in the sky. Cool, right?

As I recently shared, it’s a real joy to return to working in downtown Pittsburgh in my new position. And it appears that the timing couldn’t be better.

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The Galapagos Islands of American dialect?

From the vaults, but still an interesting one on Pittsburgh dialect, from The New York Times Travel section, March 17, 2006 “It’s Not the Sights, It’s the Sounds”

Pittsburgh, which seems to be the Galapagos Islands of American dialect.

“Pittsburgh is a special case,” Professor Labov said. “Generally, local dialects have been absorbed by larger regional ones. But Pittsburgh, though part of the Midland, has retained its own speech patterns. In fact, Pittsburgh does things no place else does, like pronouncing ‘ow’ as ‘ah’ and very often dropping the ‘l’ when it comes at the end of a word.” (Radial, for example, winds up sounding like radio.)

Julie Schoonover, the barkeeper from Corning, had described the dialect of the Steel City (a k a Pixburgh) more succinctly: “If you want to hear some freaky talk, go to Pittsburgh,” she told me. “It’s all ‘yinz goin’ dahntahn’ down there.”

And later expanded on in The Pittsburgh Post-Gazette.

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Matt Pitzarella joins Buchanan, Ingersoll & Rooney

During my career I’ve been incredibly fortunate to work with some of the most dynamic and exciting organizations on a variety of issues – none more so than responsible energy development. So it’s with great privilege to join Buchanan, Ingersoll & Rooney PC as their Director – Energy, Environment and Natural Resources Section out of their Pittsburgh office.

I was immediately attracted to Buchanan’s historic past and valued reputation. Having worked as a consultant and for companies involved in pipelines, public utilities, power generation, and energy exploration and production I’ve long held the firm and their attorneys in incredibly high regard. It’s particularly exciting to now work alongside those dynamic men and women.

If you’ve not had the chance please check out knowingEnergyLaw, a Buchanan, Ingersoll & Rooney blog, Trending in Energy: Natural Gas for Current Legal, Political and Business Issues Shaping E&P, Midstream and Downstream Natural Gas Markets, and Trend in Energy: Renewables for Current Legal, Political and Business Issues Shaping Utility Scale Wind and Solar Energy Development.

Be sure to follow Pittsburgh’s Matt Pitzarella on Twitter and LinkedIn

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Pittsburgh Most Livable City

The Pitzarella household, like many, can attest that Pittsburgh is indeed a terrific city. Since the turn of the century, Pittsburgh has consistently ranked at or near the tops of several such lists.

NEXTPIttsburgh recently wrote of a report from The Economist Intelligence Unit:

The Economist has ranked Pittsburgh as the most livable city in the continental Unites States squeaking in just under Honolulu.

That’s not all, Forbes also ranked Pittsburgh the Most Liveable Scott in America. National Urban Media indicated “in compiling their list, Forbes.com measured five data points in the nation’s 200 largest metropolitan statistical areas and averaged them to arrive at a final score. Those data points included: unemployment, crime, income growth, the cost of living, and artistic and cultural opportunities. Forbes.com utilized information from the Bureau of Labor Statistics, Moody’s, the FBI, and Sperling’s Best Places Arts and Leisure index.”

That’s not all, in one of their more recent lists Money magazine also found the Steel City to be the best city to live in the northeastern United States. The Pittsburgh Post-Gazette wrote at the time:

Pittsburgh’s transformation into a high-tech hub has catapulted the former rust-belt city to the No. 1 spot as best urban area to live in the Northeast by Money magazine.

The magazine includes the steel city among five “urban gems” across the country that offer an “abundance of amenities at livable prices.”

For more be sure to check out Travel + Leisure’s post on Pittsburgh.

Be sure to follow Pittsburgh’s Matt Pitzarella on Twitter and LinkedIn

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Pittsburgh “Triple Fault Line”

Always a great read on my beloved home town from the Pittsburgh Post-Gazette‘s Brian O’Neill in his piece “What region are we in? You name it — it’s us”

Bet you didn’t know that Pittsburgh is the only major city on a “triple fault line” of regional boundaries.

Make certain you read the rest for yourself.

Be sure to follow Pittsburgh’s Matt Pitzarella on Twitter and LinkedIn

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