Last Friday, Republican Congressman August Pfluger (from Texas) introduced a new bill that will prevent any future president from banning fracking nationally without the consent of Congress. Pfluger’s “Protecting American Energy Production Act” would explicitly require an act of Congress to impose a fracking moratorium and prevent the president from doing so directly. We must…
Read More...Elections certainly do “have consequences,” as Lord Obama once famously said. Less than two months after Donald J. Trump won the election and Republicans won both houses of Congress, the six largest banks in the U.S. all withdrew their membership in the United Nations Net Zero Banking Alliance (NZBA), with the largest bank, JPMorgan Chase,…
Read More...MARCELLUS/UTICA REGION: Consol Energy and Arch Resources shareholders approve $5 billion merger; Natural gas and agriculture working in tandem for PA; OTHER U.S. REGIONS: How will natural gas factor in to Maine’s cleaner energy future?; NATIONAL: American energy powers AI; US producers look toward more spending, less carbon, and a new administration; Lee sticks with…
Read More...Kimmeridge Texas Gas said the senior unsecured notes will be used to repay a portion of outstanding revolver borrowings and support the buildout of the company. This post appeared first on Hart Energy.
Read More...Ameren Missouri’s Huck Finn Renewable Energy Center commenced solar operations in December to service Audrain and Ralls counties, Missouri. This post appeared first on Hart Energy.
Read More...Biofuel companies will have to wait to see if Trump will back the plan on the highly anticipated guidelines on new clean fuel production tax credits. This post appeared first on Hart Energy.
Read More...Origis Energy’s Swift Air Solar project, which is currently under construction, will enter commercial production in mid-2025. This post appeared first on Hart Energy.
Read More...The end of the year and the beginning of a new year are times when many publications reflect on what was and what may be. A recent article by Hart Energy’s Oil and Gas Investor magazine tackled the topic of what may lie ahead for the Marcellus/Utica region over the next couple of years. The…
Read More...Last fall, MDN began tracking the issue of who, ultimately, should pay to build out new electricity sources for data centers (and AI) that increasingly use huge amounts of power (see Big Tech and Big Utility Tangle in Ohio re Data Center Electricity and Big Tech Not Happy with OH Utility Counterproposal re Data Centers)….
Read More...The Pittsylvania County Planning Commission voted on Jan. 7 to recommend against granting Virginia-based Balico permission to proceed with a $8.85 billion project to build a data center complex. Last October, Balico applied to rezone more than 2,200 acres for a proposed campus that would include its own massive on-site gas-fired power plant complex using…
Read More...Last October, Shell signed an agreement to buy 100% of RISEC Holdings’ 609-megawatt (MW) two-unit combined-cycle gas turbine power plant located near Providence, Rhode Island (see Shell Buys Gas-Fired Power Plant Near Providence, Rhode Island). Shell wants to buy the plant out of self-interest. The company supplies natural gas to the plant. Shell would be…
Read More...We have two stories about Coterra Energy to share. Coterra was formed in 2021 by the merger of the Marcellus-focused Cabot Oil & Gas and the Permian/Anadarko-focused Cimarex Energy. Unfortunately (for the M-U), the merged company has chosen to concentrate new drilling outside of the northeast Pennsylvania Marcellus until the price of natgas improves (see…
Read More...We have a post-mortem for the price of natural gas in 2024, and it ain’t pretty. With respect to the “front month” NYMEX futures price average during 2024, BofA (Bank of America) Global Research said in a report that the Henry Hub natural gas price averaged just $2.41 per MMBtu last year. It was “the…
Read More...Last week, MDN brought you the great news that five of the six largest banks in the United States have now canceled their memberships in the awful Net Zero Banking Alliance (NZBA), a group of woke banks under the umbrella of the equally terrible United Nations (see U.S. Big Banks Drop Out of the UN’s…
Read More...OTHER U.S. REGIONS: Texas oil, natural gas industry breaks record with $27.3B paid in taxes, royalties; Report from seven New England states outlines “staggering costs” of green energy policies; NATIONAL: Energy sector goes from S&P 500’s ‘worst to first’ in 2025 start; How Madoff’s Ponzi beneficiaries are funding climate lawfare; INTERNATIONAL: Oil slips below $74…
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