News

EIA Reports Natural Gas Storage Jumped 58 Bcf

The weekly storage report, released Sept. 19, showed a 58 Bcf increase from the week before, missing consensus market expectations of 53 Bcf, according to East Daley Analytics. This post appeared first on Hart Energy.

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Chesapeake CEO Says Southwestern Buyout Will Close Early 4Q

In January, Chesapeake Energy, now helmed by Nick Dell’Osso, announced a deal to buy out and merge with competitor Southwestern Energy for $7.4 billion (see Deal is Done! Chesapeake & Southwestern Announce $7.4B Merger). In April, the Bidenistas at the Federal Trade Commission (FTC) and Dept. of Justice (DOJ) sent the dreaded “Second Request” for…

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WhiteHawk Energy Buys Mineral Rights to Another 435K Acres in PA, WV

WhiteHawk Energy, headquartered in Philadelphia and owning mineral and royalty interests for over 1 million gross unit acres with over 3,400 producing horizontal shale wells between the Marcellus and the Haynesville, announced yesterday the acquisition of additional Marcellus Shale natural gas mineral and royalty assets for an undisclosed amount. The deal added 435,000 gross unit…

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ARCH2 Hydrogen Hub Looking for 3 New Projects to Replace Dropouts

Yesterday, Appalachian Regional Clean Hydrogen Hub (ARCH2) leadership team members presented an update on the ARCH2 initiative and its current status. Among the big news from the event was that ARCH2 is looking “for up to three” new projects that would be built in southwestern Pennsylvania, West Virginia, or eastern Ohio as part of the…

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EQT Provides MiQ-Certified LNG Cargo to Europe in World First

In May, the socialists of the European Union (EU) adopted into law a new regulation aimed at tracking and reducing methane emissions within the energy sector (see MiQ Claims Its Cert the Only One to Meet New EU Methane Regs). The onerous new reg introduces new requirements for measuring, reporting, and verifying methane emissions. The…

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EQT’s Toby Rice Predicts Gas Below $3 for Now; Politicians Butt Out

Toby Rice, CEO of EQT Corporation, currently the largest natural gas producer in the U.S., spoke yesterday at the Gastech event in Houston. Rice expressed his view that the Henry Hub price for natural gas will remain below $3/MMBtu “in the short term.” He also had thoughts on how long companies like his will continue…

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Understanding the “Heat Content” of Natural Gas in PA, OH, WV

Here’s a new concept for some (including us): Have you ever heard about the “heat content” of energy like natural gas? Heat content is the amount of heat energy available to be released by the transformation or use of a specified physical unit of an energy form, like how much heat a cubic foot of…

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DC Circuit’s Radical Judges Signal Blocking LNG by Rail

LNG rail car A couple of far-left judges who sit on the U.S. Court of Appeals for the District of Columbia (DC Circuit), one appointed by Joementia and the other by Lord Obama, threw verbal bombs at the idea of allowing LNG to be transported by rail cars. The two bought into the environmental hype…

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Other Stories of Interest: Thu, Sep 19, 2024

MARCELLUS/UTICA REGION: Powering Pennsylvania’s future; NATIONAL: The ‘crazy LNG’ pause just got worse; Is the rangebound summer gas market heading for a breakout?; The Kamala Harris non-sequitur on energy independence; Hurricane forecasts raise doubt about climate science; Wall Street wants you to know profit comes before net zero; INTERNATIONAL: Gastech 2024: Energy ministers debate role…

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