With the presidential election only 80 days from now, the money coming from Washington, D.C. to swing states like Pennsylvania is flowing like a river, as we told you yesterday (see Convenient Timing: Biden-Harris Promise Pa. Another $152 Million). The orders have gone out to get this money (or rather, the promise of this money)…
Read More...At a packed meeting in May, the Indiana Township (Allegheny County, PA) Planning Commission voted unanimously (4-0) to delay a decision on rezoning a 59-acre parcel along Route 910 from office/commercial to light industrial — which would allow gas drilling on the site (see Indiana Twp, PA, Postpones Rezoning to Allow Drilling Near Rt. 910)….
Read More...Over the past seven-plus years, BKV Corporation (Banpu Kalnin Ventures), the American arm of Banpu (96% owned by Banpu, Thailand’s largest coal mining company), has become one of the top 20 gas-weighted natural gas producers in the U.S. BKV originally entered the American shale sector by investing $500 million in 2016-2017 to buy existing Marcellus…
Read More...America’s natural gas and oil industry announced “a landmark partnership” in late 2017 called The Environmental Partnership to “accelerate improvements to environmental performance in operations across the country” for lowering methane emissions (see NatGas, Oil Industry Partnership to Accelerate Methane Reductions). The group, which includes most Marcellus/Utica drillers and pipeline companies, just released its sixth…
Read More...Kamala “The Cackler” Harris The Cackler (Kamala Harris) will be in North Carolina today, delivering a speech on her economic views and how she plans to fix the economic mess her administration has made over the past four years. She and her obedient mainstream media lapdogs will try to convince you she has changed. She…
Read More...MARCELLUS/UTICA REGION: Clinton County is business friendly, oil-gas company says; Second phase of Wyalusing natgas pipeline project underway; MSC members support Debby relief efforts; OTHER U.S. REGIONS: Richlands receives $2 million to build natural gas-fired turbine and generator; Texas comptroller adds NatWest to list of energy boycotters; NATIONAL: J.D. Vance on tax-exempt foundations behind green…
Read More...A younger generation more open to selling subsurface rights has increased supply for the minerals and royalties market, and Mesa Minerals III is buying up interests in the Permian and Haynesville. This post appeared first on Hart Energy.
Read More...Delek Logistics Partners and its subsidiary plan to use the net proceeds from the senior notes offering to pay off a portion of the outstanding borrowings from its credit facility. This post appeared first on Hart Energy.
Read More...Underwriters of the offering agreed to purchase CrownRock’s Occidental stock at $58.15 per share, which will result in approximately $1.719 billion in proceeds before expenses. This post appeared first on Hart Energy.
Read More...Richard Roedel, LSB Industries Inc.’s chairman of the board of directors, is retiring from his position effective immediately. This post appeared first on Hart Energy.
Read More...In early 2018, the Pennsylvania Dept. of Environmental Protection (DEP) collected a whopping $1.7 million fine from Energy Corporation of America (ECA) for violations at 17 well sites in Cumberland, Jefferson, and Whiteley Townships in Greene County, and Goshen Township in Clearfield County (see Energy Corp of America Fined $1.7M for Drilling Violations in PA)….
Read More...CNX Resources released its first Radical Transparency™ assessment report yesterday. The initial results of nine months of continuous air emissions monitoring at natural gas well sites and compressor stations in southwestern Pennsylvania indicate that CNX natural gas development poses no public health risk. Period. The data is collected and disseminated to the public by an…
Read More...Epsilon Energy issued its second quarter 2024 update earlier this week. Epsilon, a relatively small company, used to concentrate most of its effort on developing Marcellus Shale wells. However, over the past few years, the company has expanded into other plays and now owns assets in the Anadarko (Oklahoma and Texas) and the Permian (Texas…
Read More...ECA Marcellus Trust I, the royalty interest holder in some of the wells drilled and maintained by Greylock Energy in Greene County, PA, announced yesterday that it will not issue a dividend to unitholders for the second quarter of 2024. The company paid 4.3 cents per unit in 1Q23, nothing in 2Q23, six-tenths of a…
Read More...We spotted some news that, on the surface, may not appear to be connected to the Marcellus/Utica, but we think it is. The Canada Pension Plan Investment Board (CPP Investments) is investing approximately $843 million (CAD 1.2 billion) in Denver, Colorado-based Tallgrass Energy. CPP is a major investor in the Utica Shale (via Encino Energy),…
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