Huntley & Huntley Energy Exploration (HHEX), a shale driller headquartered in Southpointe (Washington County), PA, that leases ~100,000 acres and drills in the Pittsburgh suburbs, was founded in 2012. The company renamed itself to Olympus Energy in 2019 (see PA Driller HHEX Renames Itself Olympus Energy). Olympus is majority-owned by private equity firm Blackstone. Bloomberg…
Read More...Condensate production (super-light crude oil) in the Utica Shale’s volatile oil window in eastern Ohio has more than doubled over the past three years. RBN Energy has done a deep dive into the Ohio Utica condensate market with several posts (three so far). The first article (in early January) dealt mainly with Encino Energy, the…
Read More...Have you ever considered all the different goods and services required to plug an orphaned well? It’s a surprisingly long and complex list! You might think (as we did), “There’s an old well, pull up with a cement mixer, dump cement down the hole, and voila, it’s done.” Not so! The process begins with locating…
Read More...The Tennessee Valley Authority (TVA) is a federally-owned electric utility corporation in the U.S. TVA’s service area covers all of Tennessee, portions of Alabama, Mississippi, and Kentucky, and small areas of Georgia, North Carolina, and Virginia. TVA is the sixth-largest power supplier and the largest public utility in the U.S. In 2021, MDN told you…
Read More...MDN chronicled the rise and fall of Tellurian, founded by Charif Souki (who also founded Cheniere Energy), and Tellurian’s LNG export project, Driftwood. Tellurian’s primary focus was to build Driftwood LNG, a 27.6 million tonnes of LNG per year facility that would cost $14.5 billion. Construction began on the project in March 2022, even without…
Read More...Never in our wildest dreams did we see this one coming. And we must caution against too much hope. However, we are JAZZED. Last Friday, President Trump signed yet another executive order. This EO creates the National Energy Dominance Council, directing the new council to move quickly to increase domestic oil and gas production (see…
Read More...President Trump signed an executive order Friday establishing the National Energy Dominance Council. The Council will be chaired by Secretary of the Interior Doug Burgum and vice-chaired by Energy Secretary Chris Wright. The other members are essentially all of the cabinet members, the secretaries of the other executive branch agencies, including State, Treasury, Defense, Justice,…
Read More...On Friday, Commonwealth LNG achieved two significant milestones on the way to making a final investment decision (FID). The first was that the Department of Energy (DOE) issued a long-delayed (because of Biden) approval to export LNG to non-free trade agreement (FTA) countries. The second is that the Federal Energy Regulatory Commission (FERC) issued a…
Read More...For the third week in a row, the Baker Hughes U.S. rig count regained some of the rigs lost earlier this year. Two weeks ago, the rig count gained four rigs to 586. Last week the count regained another two rigs to 588. Note that for much of last year, the national count remained in…
Read More...DUCs are drilled but uncompleted wells. Drillers sink a hole first and then return later to “complete” the well by fracking it and connecting it to sales. An increase in DUCs means more new drilling is happening. A decrease in DUCs means fewer new wells are drilled while previously drilled wells are completed. According to…
Read More...The devices are used in industrial operations to monitor gas leaks and maintain air quality and safety compliance. This post appeared first on Hart Energy.
Read More...As the outlook for U.S. natural gas improves, investors are hot on gas-weighted stocks—in particular, Appalachia’s Antero Resources. This post appeared first on Hart Energy.
Read More...The former administration of President Joe Biden had halted permitting for all of 2024. This post appeared first on Hart Energy.
Read More...The partnership between Pine Island New Energy Partners and Type One Energy focuses on identifying and evaluating fusion industry supplier chain companies to grow the sector. This post appeared first on Hart Energy.
Read More...Enbridge’s CEO Greg Ebel says the company doesn’t see a major effect on its business with such a “hard-wired” system. This post appeared first on Hart Energy.
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