We sometimes poke fun at the U.S. Energy Information Administration (EIA) predictions, accusing the analysts of using a dart board to generate the estimates they issue, especially with the future price of natural gas. But honestly, they have a tough job. Price is a complex issue with a lot of factors. Even though the EIA’s…
Read More...NATIONAL: BMI says Trump orders poised to have profound implications for energy; Trump US energy emergency order should withstand court challenges; Senate panel approves Trump’s picks to run energy, interior departments; INTERNATIONAL: Trump browbeats Davos elite to curb oil prices, interest rates; Crude falls as Trump calls for cheaper oil; Trump says US will guarantee…
Read More...Venture Global’s pre-IPO pricing at $25 a share valued the Gulf Coast LNG operator at some $65 billion, but shares fell below $25 by about 3% in trading Jan. 24. This post appeared first on Hart Energy.
Read More...Tamboran Resources Corp. and Santos Ltd. entered a memorandum of understanding for technical studies, which could lead to a 6 mtpa expansion of Darwin LNG. This post appeared first on Hart Energy.
Read More...A law signed during the Biden administration ties offshore wind lease sales to similar auctions for oil and gas rights on federal lands. It’s unclear whether President Trump’s Jan. 20 executive order to halt wind leasing could spill over into the E&P world. This post appeared first on Hart Energy.
Read More...As President Donald Trump officially was sworn into office Monday, energy took center stage with the new President promising to unleash American energy in a series of inaugural speeches and executive orders. In his inauguration speech, President Trump declared: “America will be a manufacturing nation once again, and we have something that no other manufacturing
Read More...The power plant, expected to come online in 2028, will be the first built in Puerto Rico since 1995, New Fortress said. This post appeared first on Hart Energy.
Read More...Drilled but uncompleted (DUC) gas wells that totaled some 500 into September 2024 have declined to just under 400, according to a J.P. Morgan Securities analysis of Enverus data. This post appeared first on Hart Energy.
Read More...Two wholly-owned subsidiaries of TransMontaigne Partners LLC have agreed to the sale of terminal facilities in Florida and Virginia. This post appeared first on Hart Energy.
Read More...Pennsylvania mineral rights owners (i.e., landowners) now have a well-deserved tax break thanks to a bill passed by the PA legislature and signed into law last summer (see New PA Bill Gives Shale Landowners Same Tax Breaks as Investors). Under Senate Bill (SB) 654, individual landowners receive the same tax benefits afforded to investors. If…
Read More...Yesterday, with the bitter cold blast (called a polar vortex) hitting the eastern half of the country, the PJM power grid, which covers all or parts of 13 states plus the District of Columbia (including all of Pennsylvania, Ohio, and West Virginia), experienced its largest single-day power draw EVER. The grid came through with flying…
Read More...In December, PA’s Democrat Governor, Josh Shapiro, filed a complaint with the Federal Energy Regulatory Commission (FERC) alleging the PJM electric grid is being mismanaged and using inflated numbers that will cause economic pain for the 65 million customers who buy electricity in the PJM region—in particular the residents of PA. What’s causing the high…
Read More...This is another in a series of observations that we (fossil fuel advocates) are winning. Finally, we are having an impact. The official party line of the Democrats has been to block the use of any and all fossil fuel energy by amping up regulations and passing laws to limit or eliminate its production, transportation,…
Read More...In May 2021, MDN told you that Louisville Gas and Electric Company (LG&E) had won Kentucky state approval to build a new 12-inch, 12-mile pipeline south of Louisville to supply gas to homes and businesses (including a Jim Beam distillery) in Bullitt County that can’t connect to LG&E’s local natgas utility system because it is…
Read More...On Oct. 1, 2024, Chesapeake Energy announced its buyout of and merger with Southwestern Energy in a $7.4 billion deal was completed (see Chesapeake & Southwestern Complete Merger; Now #1 U.S. Gas Driller). The newly merged company was renamed Expand Energy Corporation and began trading on the NASDAQ stock market under the “EXE” ticker symbol….
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