In December 2022, Rice Acquisition Corp II, a special purpose acquisition company (SPAC) started by the Rice brothers (Danny, Toby, and Derek), announced a deal to acquire NET Power — an electric power developer with revolutionary new technology to capture every last molecule of carbon dioxide from natural gas-fired power plants (see Dan Rice Buys…
Read More...We’ve covered the Pennsylvania state budget negotiations and passage in years gone by when PA’s then-Gov. Tom Wolf (far-left Democrat) requested a Marcellus-killing severance tax every year he was in office (eight loooong years). We’ve largely ignored the PA budget this time around under PA’s do-nothing dud of a governor, Josh Shapiro, as his proposed…
Read More...Refracs, also called re-entries and re-completions, re-enter an existing and declining well to access more rock and pump new life out of it. Refracs are becoming a much more common practice for operators. There are two main types of refracs. While refracs are mainly used in oil wells, there are times when they are used…
Read More...Production, ESP efficiency soared when the company automated decisions with AI at the edge. This post appeared first on Hart Energy.
Read More...Experts weigh in on strategic considerations when deciding how to rejuvenate production from a tired well. This post appeared first on Hart Energy.
Read More...Here is a look at some of this week’s renewable energy news. This post appeared first on Hart Energy.
Read More...The U.S. Federal Trade Commission’s request for additional information regarding ConocoPhillips’ $17.1 billion acquisition of rival Marathon Oil is likely to delay the transaction. Other recent energy M&A deals have faced similar “second requests” from the FTC. This post appeared first on Hart Energy.
Read More...Natural gas M&A may be heating up as Barnett Shale-focused E&P BKV Corp. sold interests in gassy northeast Pennsylvania properties for nearly $132 million, according to regulatory filings. This post appeared first on Hart Energy.
Read More...The oil and gas rig count, an early indicator of future output, fell by one to 584 in the week to July 12. This post appeared first on Hart Energy.
Read More...Atlantic Shores, a joint venture between Shell and EDF Renewables, would become the initial provider of offshore wind for New Jersey. This post appeared first on Hart Energy.
Read More...The ADCC Pipeline will source volumes from the Permian Basin, Eagle Ford Shale and Texas Gulf Coast for transport to Cheniere’s Corpus Christi LNG facility. This post appeared first on Hart Energy.
Read More...Ports along the Gulf Coast, which had closed ahead of the hurricane, have largely resumed operations and vessel traffic. This post appeared first on Hart Energy.
Read More...U.S. natural gas futures rose more than 2% on July 12 after touching their lowest in close to two-months earlier. This post appeared first on Hart Energy.
Read More...Operators and investors are more concerned than ever about the remaining inventory of drillable locations. Who has it? Where is it? Will it be economic? The North American inventory rankings by shale play are always of interest. Enverus Intelligence Research (EIR), a subsidiary of Enverus, recently issued a report that ranks the plays by the…
Read More...In January 2023, Ohio House Bill (HB) 507 became law with the signature of Gov. Mike DeWine (see OH Gov. Signs Bill Expanding Drilling in State Parks, NatGas “Green”). The new law allows shale drilling under (but not on top of) Ohio state-owned land, including state parks. HB 507 encourages (pushes for) more drilling under…
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