Diversified Energy, with major assets in the Marcellus/Utica region (also assets in other regions, too), owns approximately 8 million acres of leases with 67,000 (mostly) conventional oil and gas wells. The company’s business model is to buy lower-producing wells on the cheap and find ways to make them more productive. Earlier today, the company announced…
Read More...AccuWeather meteorologists who specialize in predicting the weather for the natural gas industry issued a statement to Rigzone saying several Arctic blasts will send waves of bitterly cold air across much of the eastern United States starting last weekend. The meteorologists said the “deep freeze could impact natural gas production and operations in the Northeast.”…
Read More...We’ve been covering the emergence of Ohio Utica oil over the past couple of years (see our Utica oil stories here). Other news outlets are beginning to notice the oily Utica. The experts at RBN Energy published a post on Friday announcing, “Condensate Production Takes Off in Eastern Ohio’s Utica Shale.” Condensate is another word…
Read More...Data-center developers, scrambling to secure 24/7 power, are calling on U.S. producers to meet demand as natgas offers the quickest way to get more electrons into the taps. This post appeared first on Hart Energy.
Read More...Sintana Energy Inc. said the Mopane-2A well found gas condensate in one reservoir and light oil in a smaller one. This post appeared first on Hart Energy.
Read More...A trio of Federal Energy Regulatory Commission authorizations in the latter half of December allowed new LNG trains to begin operations or boosted gas supplies to the facilities. This post appeared first on Hart Energy.
Read More...The U.S. Treasury Department’s long awaited 45V hydrogen tax credit will enable “pathways for hydrogen produced using both electricity and methane” as well as nuclear, the department said Jan. 3. This post appeared first on Hart Energy.
Read More...Once fully commissioned, Phase 1 of the Greater Tortue Ahmeyim LNG project led by operator BP is expected to produce approximately 2.3 MMtonne of LNG annually. This post appeared first on Hart Energy.
Read More...During his time with IPAA, Steven Hinchman founded Scala Energy and became its president and CEO. This post appeared first on Hart Energy.
Read More...Despite a drop in gas in storage, prices took a hit from forecasts of warmer-than-expected weather. This post appeared first on Hart Energy.
Read More...President Biden cited national security concerns in his decision, but Nippon Steel and U.S. Steel said the decision ignored the law and was motivated by politics. This post appeared first on Hart Energy.
Read More...The oil and gas rig count stayed at 589 in the week to Jan. 3. Baker Hughes said that puts the total rig count down 32 rigs, or 5% below this time last year. This post appeared first on Hart Energy.
Read More...Greater power demand is coming but, while there isn’t enough power generation to answer the call, the transmission isn’t there either, industry members and analysts report. This post appeared first on Hart Energy.
Read More...One of the significant stories of 2024 in the Ohio Utica was about Austin Master Services (AMS), a radiological waste management solutions company in Martins Ferry (Belmont County), Ohio, that handles fracking waste (trucks it for disposal). AMS ran into trouble when it ran out of money. The Martins Ferry facility where waste is temporarily…
Read More...A leftist anti-fossil group calling itself Protect PT (Penn-Trafford), located in Westmoreland County, PA, backed with big money from Big Green groups, has for years challenged Penn Township ordinances that allow Apex Energy and Huntley & Huntley (now Olympus Energy) to drill and operate shale wells. Protect PT finally struck out (legally) at the Pennsylvania…
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