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• Ørsted Sells $410 Million Stake in US Wind, Solar Projects to PE Firm
  Ørsted partnered with Energy Capital Partners (ECP) for the...
  Ørsted partnered with Energy Capital Partners (ECP) for the Danish energy company’s first-ever farm-down of onshore assets.
  
  In an Oct. 21 release, Ørsted said it had closed a transaction with ECP, a private equity firm based in New Jersey, to divest a 50 % ownership stake in a portfolio consisting of three onshore wind farms and one solar farm in the U.S.
  
  The transaction, valued at roughly $410 million, is expected to support Ørsted’s ambition to reach 50 gigawatts (GW) of installed renewable energy capacity globally by 2030.
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• ☕️What Else is Brewing Monday Morning
  Illegal border crossings from Mexico to the US hit a record high last fiscal year.
  
  Dietrich Mateschitz, the Austrian billionaire who co-founded Red Bull and owned Red Bull’s Formula One racing team, died at 78.
  
  Taylor Swift’s Midnights broke Spotify’s record for most-streamed album in a single day. We can all agree the new Arctic Monkeys album was better, ya?
  
  An AI broke the record for the robot that can fold laundry the fastest.
  
  
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• Bills benefiting natural gas move forward in Pa.
  Pennsylvania's Senate Environmental Resources and Energy...
  Pennsylvania's Senate Environmental Resources and Energy Committee has approved a bill that would withhold impact fee revenue and Marcellus Legacy Fund grants from counties that prohibit natural gas development on their land. A second bill cleared by the panel would set up a task force to study ways to grow the state's liquefied natural gas industry and identify barriers to LNG export development.
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• US Natgas Hits 7-Month Low and the Ninth Weekly Loss
  U.S. natural gas futures dropped to a seven-month low on Oct. 21, briefly falling below $5/MMBtu, and...
  U.S. natural gas futures dropped to a seven-month low on Oct. 21, briefly falling below $5/MMBtu, and were on track for a ninth straight week of losses that could help cut U.S. consumer heating costs this winter.
  
  Prices have been falling due to forecasts for mild weather, record output and low LNG exports that have allowed utilities to inject more gas into storage than usual ahead of winter for weeks. Gas prices have plunged about 58% during the past nine weeks.
  
  November natural gas fell 40 cents to $4.96 per 1,000 cubic feet.
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• U.S. Rig Count Moves Up - Oklahoma Unchanged
  On Friday, Baker Hughes reported an increase in the total rig...
  On Friday, Baker Hughes reported an increase in the total rig count, up two rigs to a total of 771. The count gained two oil rigs for a total of 612 while the number of gas rigs was unchanged at 157. In the past year, the U.S. rig count, according to Baker Hughes is 229 higher from the 542 reported last year at this time. The growth in the past 12 months included 169 oil rigs and 58 gas rigs.
  
  Baker Hughes reported Oklahoma was unchanged in the past week at 65 working rigs while Texas gained six to reach 371. New Mexico’s count fell by four to 105 while North Dakota stayed at 38 rigs.
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