For the week of Jan 27 – Feb 2, the number of permits issued in the Marcellus/Utica to drill new shale wells recovered from the previous week. Two weeks ago, only 7 new permits were issued. Last week, the number increased to 22 new permits issued. Whereas the Keystone State (PA) issued no new permits…
Read More...We previously reported that INR (Infinity Natural Resources), which drills exclusively in the Marcellus/Utica region, floated an initial public offering (IPO) that brought in money on the high end of expectations and that the newly issued stock immediately started trading some 10% higher (see INR IPO Does Better than Expected, Stock Trading Pops 10% Higher)….
Read More...The Ohio Department of Natural Resources (ODNR), Division of Oil and Gas Resources Management, is about to fly drones equipped with magnetometers to sniff out orphaned oil and gas wells in Van Wert County. The ODNR previously completed drone flights in Auglaize, Hancock, Mercer, and Wood counties. The ODNR issued a press release to inform…
Read More...Do the editors of the Wall Street Journal read Marcellus Drilling News? No, we don’t expect they actually do. Although the editorial published by the editors of the WSJ on Feb. 4 looks like it could have been written by your humble MDN editor—because it says all the things we’ve said for months about Pennsylvania…
Read More...We spotted some news on the investor website GuruFocus that surprised us. Major investment firm Wellington Management Group made “a significant” addition to its portfolio by acquiring 10,406,240 shares of Coterra Energy on Jan. 31. The company paid $27.72 per share, a $288 million investment. But that’s not the biggest surprise. Wellington already owned a…
Read More...At the end of the last legislative session in December, New York Gov. Kathy Hochul, an extremist liberal, signed into law a new climate bill forcing a short list of Big Oil companies to pay $75 billion in “recovery” assessments over the next 25 years for their alleged role in causing mythical global warming (see…
Read More...The GPA Midstream Association joins a number of states that have filed a suit against the implementation of a waste emissions charge. This post appeared first on Hart Energy.
Read More...These days, we feel like a kid in a candy shop, with the actions being taken by President Trump and his all-star cabinet picks. “Ooooo, I love this chocolate (gobble gobble gobble). Oh! I love this one too! (gobble gobble gobble). And what about this one!!” Pretty soon, the kid gets a stomachache from overeating…
Read More...We’ve been pretty hard on Equinor since 2018 when Statoil changed its name to Equinor, apparently ashamed of being associated with the term oil (see Statoil Gets a New Name Starting Today – Equinor). Equinor, which is based in and owned by Norway, is the largest supplier of energy to Europe. Equinor’s activities span 36…
Read More...MARCELLUS/UTICA REGION: Major increase in net outflows of gas from the northeast, as warmer weather cuts demand; OTHER U.S. REGIONS: Judge dismisses New Jersey’s NGO-funded climate lawsuit in fiery opinion; Why oil and gas companies want state oversight for carbon dioxide injection; New Jersey Gov. Phil Murphy’s administration gives up on new offshore wind; NATIONAL:…
Read More...Avant Natural Resources buys small, sells big and is loving every minute of it. This post appeared first on Hart Energy.
Read More...Following its $22.5 billion deal to buy Marathon Oil, ConocoPhillips is targeting $2 billion in asset sales— a goal a company executive said would largely be achieved this year. This post appeared first on Hart Energy.
Read More...Trans Mountain is looking at expansion projects in the short and long terms that could add between 200,000 bbl/d and 300,000 bbl/d of capacity to the company’s system. This post appeared first on Hart Energy.
Read More...PotlatchDeltic’s agreement with gives Tetra Brine Leaseco covers about 900 surface acres in Lafayette County, PotlatchDeltic says. This post appeared first on Hart Energy.
Read More...Mach Natural Resources priced a public offering of common units following the close of $29.8 million of assets near its current holdings in the Ardmore Basin on Jan. 31. This post appeared first on Hart Energy.
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