Chesapeake Energy issued its second quarter 2024 update yesterday. Due to the low price of natural gas, Chesapeake promised (in 1Q) that it would curtail roughly 25% of its production. The company kept its word. Chessy’s 2Q production was 24.9% lower than the same period in 2023. Production was 2.745 Bcfe/d in 2Q24 versus 3.653…
Read More...: BP’s contract with a Transocean vessel is expected to culminate in a drilling program beginning in first-quarter 2025. This post appeared first on Hart Energy.
Read More...DT Midstream (DTM), headquartered in Detroit, owns major assets in the Marcellus/Utica region and other regions like the Haynesville. DTM issued its second quarter 2024 update yesterday. Of keen interest to us was any talk of the company’s Phase III expansion to the Appalachian Gathering System and an expansion in the Tioga County gathering system….
Read More...Last week, MDN exclusively brought you the news that the CEO of American Environmental Services, which owns Austin Master Services (AMS), had filed a brief with Belmont County Court to either forgive or reduce a $1.2 million bond needed to keep the CEO, Brad Domitrovitsch, out of jail (see Austin Master Serv. CEO Asks Court…
Read More...PJM Interconnection, the largest U.S. power grid operator, published the results of its latest electricity auction yesterday. PJM serves 65 million people in 13 states plus the District of Columbia (including PA, OH, and WV). The latest auction for delivery of electricity in PJM in 2025/26 produced a wholesale price of $269.92/MW-day. That is a…
Read More...PJM, the grid manager for Pennsylvania, twelve other states, and the District of Columbia, is worried about future energy needs. As existing power plants come offline and lawmakers seek to replace them with woefully inadequate alternatives, PJM estimates electricity shortages as early as 2027. PA Gov. Josh Shapiro isn’t helping matters with his disastrous energy…
Read More...NATIONAL: US natgas prices jump 4% on forecast for record heat; Debunking claims that Biden has replenished the SPR; Climate law’s CCS windfall is almost 2 years old – not working; Shale costs forecast to fall 10% this year. Please Login to view this content. (Not a member? Join Today!) The post Other Stories of
Read More...SLB, OneSubsea, Subsea 7 and the Subsea Integration Alliance will increase speed of tool delivery, optimize installation and reduce rig days at BP’s Murlach development in the North Sea. This post appeared first on Hart Energy.
Read More...Louisiana hands proponents a major victory for in-state development, but technical and political challenges remain. This post appeared first on Hart Energy.
Read More...Chesapeake Energy, the No. 2 U.S. gas producer, reported it is prepared to curtail again in the fall if prices “weaken materially” as prompt-month gas prices hovered around $2/MMBtu on July 30. This post appeared first on Hart Energy.
Read More...A new era for renewable natural gas (RNG) is here, “RNG 2.0,” and Viridi Energy is leading the way. This post appeared first on Hart Energy.
Read More...Superior Drilling Products shareholders approved the company’s $32 million acquisition by Drilling Tools International. This post appeared first on Hart Energy.
Read More...Enterprise Products Partners will expand new refrigeration facilities on the ship channel that are slated for operation in 2026. This post appeared first on Hart Energy.
Read More...If approved, US Wind’s three-phase project could generate up to 2.2 GW of electricity, according to BOEM. This post appeared first on Hart Energy.
Read More...Midcontinent E&P SandRidge Energy is getting deeper into the emerging Cherokee oil play in western Oklahoma through a $144 million acquisition. This post appeared first on Hart Energy.
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