Kimmeridge’s Ben Dell says the Department of Energy’s premise that increased LNG exports will raise domestic natural gas prices ignores a market full of surprises. This post appeared first on Hart Energy.
Read More...The venerable Baker Hughes national rig count was 589 active rigs last week—which is FIVE weeks in a row. Very unusual. The Marcellus/Utica rig count was a combined 34 last week—the same number for FOUR weeks in a row. The national count remains rangebound between 581 and 589 since June 2024 (except for Sep. 13,…
Read More...It’s always a red-letter day here at MDN HQ when we happen across a new pipeline project in the Marcellus/Utica region. Today is one of those days! Eastern Gas Transmission and Storage, a subsidiary of billionaire Warren Buffett’s Berkshire Hathaway Energy (BHE), filed a new project with the Federal Energy Regulatory Commission (FERC) in December…
Read More...Last August, MDN told you that the Appalachian Regional Clean Hydrogen Hub (ARCH2) officially received its first $30 million from the Bidenistas (see EQT & Others Enter “Phase 1” of Hydrogen Hub; DOE Cuts $30M Check). ARCH2 is getting $925 million from a $7 billion pot. ARCH2, one of seven projects to win approval, was…
Read More...We’re just now learning the good news about decisions by two different North Carolina agencies to approve four new gas-fired power plants that utility giant Duke Energy wants to build at two different N.C. sites. In early December, the N.C. Utilities Commission issued orders deeming the gas plants necessary at both sites. Then, on Dec….
Read More...Dominion Energy plans to build small “peaker” electric generating plants in Chesterfield County, VA, near Richmond (see Dominion Plans to Build 1,000-MW Gas Peaker Plant Near Richmond, VA). The Chesterfield Energy Reliability Center (CERC) calls for building four 250-megawatt gas-fired power plants (1,000 MW total) that can jump into action during the coldest and hottest…
Read More...The Patch’s maturity will be tested in 2025 amid ongoing consolidation and geopolitical dissonance. This post appeared first on Hart Energy.
Read More...Phillips 66 will buy EPIC’s NGL assets, including a 175,000 bbl/d pipeline that links production supplies in the Delaware and Midland basins and the Eagle Ford Shale to Gulf Coast fractionation complexes. This post appeared first on Hart Energy.
Read More...Randy Lentz and Sheridan Swords are both stepping into newly created executive leadership roles for ONEOK. This post appeared first on Hart Energy.
Read More...Here’s a roundup of the latest E&P headlines, including company resignations and promotions and the acquisition of an oilfield service and supply company. This post appeared first on Hart Energy.
Read More...Halliburton Energy Services and Coterra Energy’s initial rollout of their autonomous hydraulic fracturing technology led to a 17% increase in stage efficiency. This post appeared first on Hart Energy.
Read More...With just two weeks left in his term, President Biden announced the largest ban on new offshore oil and gas drilling. The executive action will block the sale of new leases for more than 625 million acres of ocean, nearly 20 percent of all the seabed controlled by the United States. The ban would primarily
Read More...The most recent Federal Reserve Bank of Dallas survey of energy executives found that the fourth quarter of 2024 brought increases in activity for the oil and gas sector, as firms look towards 2025 with optimism. According to the latest survey of energy executives operating in Texas, northern Louisiana, and southern New Mexico, oil and
Read More...Around 5:37 p.m. last Thursday, an explosion and fire at a well pad in Guernsey County, Ohio, resulted in a half-mile evacuation around the site. No extensive damage and no injuries were reported according to a local fire official. According to a statement issued by Gulfport Energy, a storage tank ignited that was located at…
Read More...For the week of Dec 23 – 29, permits issued in the Marcellus/Utica took a dive, which isn’t surprising given it was the end of the year. There were only 12 new permits issued for Dec. 23 – 29, less than half the 27 issued the week before. The Keystone State (PA) issued seven new…
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