CNX Resources announced in December that it had struck a deal to buy the assets of Apex Energy II, LLC, a portfolio company of funds managed by Carnelian Energy Capital Management, for $505 million (see CNX Resources Buys Apex Energy for $505M, Adds Pa. M-U Assets). Apex owns wells, acreage, and pipelines in Westmoreland County,…
Read More...Faced with the possibility of blackouts, Connecticut’s Democrat Governor, Ned Lamont, wants to keep his nuclear and gas-fired power plants. But Lamont isn’t interested in building more pipelines or new gas-fired plants. That’s a bridge too far for Lamont. He’s happy to allow the residents of Connecticut to continue paying some of (perhaps THE) highest…
Read More...Based on comments in two different Reuters articles published yesterday, the Freeport LNG export facility is again experiencing an outage. It appears to be a partial outage. Freeport, in typical tight-lipped fashion, refuses to say anything. According to Reuters, flows to the 2.1 billion cubic feet per day (Bcf/d) Freeport facility were on track to…
Read More...If you’ve read MDN for any time, you’ve come across at least a few articles about gas-fired power. Nationwide, natural gas produces 43.1% of all electricity, the number one source of electric generation (see this EIA page). Nuclear is number two, producing 18.6% of all electricity. Coal is number three, producing 16.2%. Wind produces 10.2%…
Read More...Natural gas demand in the western U.S. market is rising, risking supply shortages later this decade. Experts say gas from the Uinta and Green River basins will make up some of the shortfall. This post appeared first on Hart Energy.
Read More...Here’s a roundup of the latest E&P headlines, including Chevron starting production from a platform in the Gulf of Mexico and several new products for pipelines. This post appeared first on Hart Energy.
Read More...USA BioEnergy subsidiary Texas Renewable Fuels plans to annually convert 1 million tons of forest thinnings into 65 million gallons of net-zero transportation fuel, including SAF and renewable naphtha. This post appeared first on Hart Energy.
Read More...KeyBanc analysts expect an “imminent” Diamondback Energy dropdown to Viper Energy and at least a couple of $500 million deals by public mineral and royalty companies in 2025, with Sitio Royalties a likely acquirer. This post appeared first on Hart Energy.
Read More...Atlas Energy Solutions’ 42-mile Dune Express fully electric conveyor system delivered its first commercial load of proppant sand from Texas to New Mexico on Jan. 12. This post appeared first on Hart Energy.
Read More...After remaining at the same level for five weeks in a row, the Baker Hughes U.S. rig count lost five rigs last week, dropping from 589 to 584. The Marcellus/Utica rig count was a combined 34 last week—the same number for five weeks in a row. PA has operated 15 rigs for the past nine…
Read More...The prices natural gas is selling for, both the NYMEX futures price and the spot price at various trading hubs, continue to climb. Last Friday, the NYMEX “front month” futures contract (based on gas flows at the Henry Hub in Southern Louisiana) traded above $4/MMBtu for some of the day, but ultimately closed at $3.989,…
Read More...We’ve read a number of articles warning the radical left is gearing up to launch a blizzard of lawsuits (i.e., lawfare) against the incoming Trump administration—particularly related to environmental and energy policies and regulations. It’s standard operating procedure for the left, which has taken to bastardizing our justice system in recent years. While the left…
Read More...On Jan. 3, the Biden IRS issued its final clean hydrogen tax credit rule, otherwise known as the 45V Clean Hydrogen Production Tax Credit. We previously wrote about 45V back in June (see Biden IRS 45V Tax Rule Endangers Hydrogen Hub Projects in M-U). Our take back then has not changed with the release of…
Read More...RBN Energy recently concluded a two-part series on LNG delays and what’s causing delays in bringing more export capacity online. Friday’s Part 2 of the series looks at recent court rulings and regulatory issues and their impact on U.S. LNG development. Yes, Joe Biden’s ill-timed “pause” on the Department of Energy issuing new export approvals…
Read More...The Permian Basin’s core is in full-scale manufacturing mode, with smaller intrepid operators pushing the basin’s boundaries further and deeper. This post appeared first on Hart Energy.
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