Every major public “upstream” (exploration and production) company invests in finding and developing reserves — except one, which happens to be the largest owner of wells in the country. Diversified Energy (formerly Diversified Gas & Oil), with major assets in the Marcellus/Utica region (also assets in other regions, too), owns approximately 8 million acres of…
Read More...Writing for Hart Energy’s Oil and Gas Investor magazine, author Nissa Darbonne penned a fabulous overview of the Utica, bringing us the history of oil drilling in Ohio (in the 1800s) all the way up to the present day and Encino Energy’s dominance in oil drilling in the Utica. The article includes details about Encino…
Read More...Dominion Energy wants to build a liquified natural gas (LNG) storage facility in Person County, North Carolina, to enhance natural gas service reliability for residential and business customers in the growing region (see NC Residents Freak Out Over Proposed Dominion LNG Storage Tank). Dominion studied several potential sites and collected a boatload of data during…
Read More...NextDecade’s Rio Grande LNG Train 4 agreed to pay Bechtel approximately $4.3 billion for the work under an engineering, procurement and construction contract. This post appeared first on Hart Energy.
Read More...Trace Midstream Partners, backed by Quantum Capital Group, will acquire LM Energy Delaware, a portfolio company of Old Ironsides Energy, with gas gathering assets in Eddy and Lea counties, New Mexico. This post appeared first on Hart Energy.
Read More...The Texas Pacific Land Corp. has a storied history, setting it up to thrive in Permian royalties, water, easements and more. This post appeared first on Hart Energy.
Read More...Here’s a roundup of the latest E&P headlines, including new oil discoveries and an implementation of AI technology in operations offshore United Arab Emirates. This post appeared first on Hart Energy.
Read More...Shell expects first production to flow from Kitimat-based LNG Canada in mid-2025, the company’s CEO Wael Sawan said Aug. 1 during the company’s second quarter 2024 webcast. This post appeared first on Hart Energy.
Read More...H&P’s current CFO Mark W. Smith is set to retire Aug. 15. This post appeared first on Hart Energy.
Read More...Coterra Energy, formed by the merger of Cabot Oil & Gas (drills for natural gas in the Marcellus) and Cimarex Energy (drills for oil in the Permian and Anadarko basins), issued its second quarter 2024 update on Friday. The company turned in respectable financial numbers, making a profit of $220 million in 2Q24, up 5%…
Read More...Antero Resources, which is 100% focused on the Marcellus/Utica with over 500,000 net acres under lease (and the largest M-U driller in West Virginia), issued its second quarter 2024 update last week. The company reports net production averaged 3.4 billion cubic feet equivalent per day (Bcfe/d) during 2Q24, an increase of 1% year-over-year (i.e., pretty…
Read More...In March 2021, Eureka Resources announced plans to build a Marcellus Shale wastewater treatment facility in Dimock (Susquehanna County), Pennsylvania (see Eureka Building Marcellus Wastewater Recycling Plant in Dimock, PA). Yep, that Dimock, the one made famous by the lying Josh Fox of Gasland fame. Both Dimock Township and the Susquehanna County Planning Commission gave…
Read More...During last week’s second quarter update conference call by oil and gas giant Shell, the CEO, Wael Sawan, had some interesting comments about the mighty Shell ethane cracker in Monaca (Beaver County), PA. Sawan praised progress at the plant but then said it would be 2025 or 2026 before the plant would be “fully operational.”…
Read More...Writing for Hart Energy’s Oil and Gas Investor magazine, author Nissa Darbonne penned a fabulous overview of the Utica, bringing us the history of oil drilling in Ohio (in the 1800s) all the way up to the present day and Encino Energy’s dominance in oil drilling in the Utica. The article includes details about Encino…
Read More...Coterra Energy took an against-the-grain stance on consolidation long before merger mania hit the U.S. E&P space, and it’s paying—to its shareholders—meaningful dividends. This post appeared first on Hart Energy.
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