According to an analysis by S&P Global Commodity Insights, U.S. natural gas output stands near an all-time high as a period of strong demand and improved prices enable a production resurgence. Output averaged 106 Bcf/d (billion cubic feet per day) over the latest weekend. In the Marcellus/Utica, production over the last seven days has come…
Read More...Yesterday, Pennsylvania Governor Josh Shapiro delivered his 2025-26 Budget Address to the General Assembly and the people of Pennsylvania. He presented a bloated, whopping $51.47 billion budget for 2025-2026, a 7.5-percent increase over the current fiscal year. The budget proposed flops in many ways (like legalizing pot), but none more so than his doubling down…
Read More...Diamondback Energy has named Darin G. Holderness, who founded and served as CFO at P&A Exchange LLC and CFO at ProPetro Holding Corp. as a board of directors at the Permian Basin E&P. This post appeared first on Hart Energy.
Read More...Compensation for oil and gas executives, up an average 8% to 10%, is increasingly tied to stock metrics, rewarding performance instead of growth, according to an Alvarez & Marsal report. This post appeared first on Hart Energy.
Read More...CPP Investments is considering a sale or IPO of Encino Acquisition Partners following January’s IPO of fellow Utica Shale E&P Infinity Natural Resources. This post appeared first on Hart Energy.
Read More...Analysts note the Bakken Shale’s need for more takeaway capacity as Intensity Infrastructure Partners launches an open season for a potential 126-mile natural gas transport line out of the basin. This post appeared first on Hart Energy.
Read More...Pearl Energy Investments’ Fund IV met its hard cap within four months of launching and closed on Jan. 31. This post appeared first on Hart Energy.
Read More...Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum said they had agreed to bolster border enforcement efforts in response to Trump’s demand to crack down on immigration and drug smuggling. This post appeared first on Hart Energy.
Read More...Liberty Energy Founder Chris Wright, who was confirmed with bipartisan support on Feb. 3, aims to accelerate all forms of energy sources out of regulatory gridlock. This post appeared first on Hart Energy.
Read More...After Enron returned as a seemingly elaborate hoax, Enron Energy Texas’ vice president told Hart Energy the company aims to deliver real electricity to consumers. This post appeared first on Hart Energy.
Read More...With 176 turbines, Dominion Energy’s Coastal Virginia Offshore Wind has seen costs rise by about $900 million, or 9%, the company said. This post appeared first on Hart Energy.
Read More...Exxon Mobil CEO Darren Woods said the end goal for energy policy should be a system in which no fuel source remains dependent on government subsidies. This post appeared first on Hart Energy.
Read More...Prior to last week, the Baker Hughes national rig count had been in a freefall for weeks, dropping to a 3+ year low of 576 (see National Rig Count Falls Again, Lowest in 3+ Years; M-U Steady). Last week, the trend finally turned around. The national count gained six rigs to 582. The Marcellus/Utica rig…
Read More...In January, MDN outlined the issues before the Ohio Public Utilities Commission (PUC) in deciding how much money builders of data centers (like Amazon, Google, etc.) must commit if they want to connect to the local grid for power supplies (see 5 PUCO Commissioners to Decide the Future of Data Centers in Ohio). However, a…
Read More...In December, Pennsylvania’s Independent Fiscal Office (IFO), the agency charged with providing revenue projections along with impartial and objective analysis of fiscal, economic, and budgetary issues for the citizens and legislature of Pennsylvania, provided its best guess as to how much revenue the PA impact fee (i.e., severance tax) will generate from shale wells drilled…
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