E&P Highlights: March 10, 2025
Here’s a roundup of the latest E&P headlines, from a new discovery by Equinor to several new technology announcements. This post appeared first on Hart Energy.
Read More...Pearl Backs Haynesville Mineral and Royalties Firm Wild Basin
Equity commitments from Pearl Energy Investments and others have put $75 million of backing behind Haynesville Shale minerals and royalties company Wild Basin Energy. This post appeared first on Hart Energy.
Read More...Chris Wright: Natural Gas Key to Trump’s Energy Policy Goals
U.S. Energy Secretary Chris Wright aims to streamline regulatory processes for building energy projects and boost U.S. LNG exports, he said during the 2025 CERAWeek conference. This post appeared first on Hart Energy.
Read More...Pelican Energy Partners Acquires United Services Group
Pelican Energy Partners said it acquired United Services Group, a welding, machining and fabrication contractor that serves power generation customers, to add its expertise to the energy services industry. This post appeared first on Hart Energy.
Read More...Diversified, Partners to Supply Electricity to Data Centers
Diversified Energy Co., FuelCell Energy Inc. and TESIAC will create an acquisition and development company focused on delivering reliable, cost efficient net-zero power from natural gas and captured coal mine methane. This post appeared first on Hart Energy.
Read More...Nat’l Rig Count Down 1 @ 592; Marcellus Even @ 24, Utica Even @ 11
After five weeks of adding rigs, the Baker Hughes U.S. rig count decreased by a single rig last week. The national rig count now stands at 592. As for the Marcellus/Utica, the rig count was a combined 35 last week, retaining a rig added in West Virginia three weeks ago. Rigs focused on the Marcellus…
Read More...Ascent Resources Actively Considering IPO or Sale
Ascent Resources, founded as American Energy Partners by gas legend Aubrey McClendon, is a privately held company focusing 100% on the Ohio Utica Shale. Ascent, headquartered in Oklahoma City, OK, is Ohio’s largest natural gas producer and the 8th largest natural gas producer in the U.S. The company issued its fourth quarter and full-year 2024…
Read More...Trump Admin Considers Strategies to Overturn DRBC Fracking Ban
On Sunday, March 2, MDN friend Tom Shepstone (who writes the must-read Energy Security and Freedom website) participated in a meeting with new EPA Administrator Lee Zeldin, Congressman Rob Bresnahan, several state elected officials, as well as labor and others regarding energy and other critical issues in Northeast Pennsylvania. While the meeting discussed what is…
Read More...EQT Sues Union Township (Washington County, PA) for Extortion
Here’s an explosive allegation. EQT Corporation and its pipeline subsidiary EQM Gathering are suing Union Township (located in Washington County, PA). Also named in the lawsuit are the town’s five supervisors. EQT’s allegation is that the town (and its supervisors) are attempting to extort big money from EQT to allow the company to connect gathering…
Read More...Diversified JV Targets NatGas for Data Center Power in WV, VA, KY
This morning, Diversified Energy, FuelCell Energy, and TESIAC announced a strategic partnership “intended to address the urgent energy needs of data centers” by supplying as much as 360 megawatts (MW) of electricity to three distinct locations in Virginia, West Virginia, and Kentucky. The partnership has agreed to create an Acquisition and Development Company (ADC), essentially…
Read More...Ring May Drill—or Sell—Barnett, Devonian Assets in Eastern Permian
Ring Energy could look to drill—or sell—Barnett and Devonian horizontal locations on the eastern side of the Permian’s Central Basin Platform. Major E&Ps are testing and tinkering on Barnett well designs nearby. This post appeared first on Hart Energy.
Read More...Utica Oil Player Ascent Resources ‘Considering’ an IPO
The 12-year-old privately held E&P Ascent Resources produced 2.2 Bcfe/d in the fourth quarter, including 14% liquids from the liquids-rich eastern Ohio Utica. This post appeared first on Hart Energy.
Read More...Williams to Invest $1.6B for On-Site Power Project with Mystery Company
Williams Cos. did not name the customer or the location of the power project in a regulatory filing. This post appeared first on Hart Energy.
Read More...Energy Transition in Motion (Week of March 7, 2025)
Here is a look at some of this week’s renewable energy news, including Tesla’s plans to build a battery storage megafactory near Houston. This post appeared first on Hart Energy.
Read More...Hunting Buys EOR Technology Rights from Its Founding Shareholders
Hunting Plc is acquiring the rights to organic oil recovery, an EOR technology—including 25 patents and distribution rights—from its founding shareholders. This post appeared first on Hart Energy.
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