This is an interesting pattern we’ve not seen in a long time for the venerable Baker Hughes rig count. The national rig count and the count for the Marcellus/Utica remained the same for multiple weeks in a row. The national count was 589 active rigs last week (now four weeks in a row). The M-U…
Read More...There was a last-minute roller coaster ride for the NYMEX “front month” natural gas price earlier this week. On Monday, the price soared to $3.936 per million British thermal units (MMBtus). It was the largest one-day dollar gain since Wednesday, Nov. 2, 2022, and the largest one-day percentage gain since Thursday, Jan. 27, 2022. Monday’s…
Read More...An undisclosed shale driller has asked the Ohio Oil and Gas Land Management Commission (OGLMC) to consider opening up an additional 4,360 acres of state-owned Egypt Valley Wildlife Area for shale drilling under the land. A new “nomination” for drilling was also sent to the OGLMC for 383 acres of Jockey Hollow Wildlife Area, located…
Read More...On Monday, pipeline giant Williams announced it had placed into full service the Southside Reliability Enhancement Project, an important expansion and modernization of the mighty Transco pipeline network in North Carolina and Virginia. The project adds a total of 423,400 dekatherms per day (423 MMcf/d) of fully contracted pipeline capacity, providing the ability to meet…
Read More...In January 2024, MDN brought you the news that the Pennsylvania Dept. of Environmental Protection (DEP) approved a plan by Catalyst Energy to convert an existing conventional gas production well on Route 646 in Cyclone (Keating Township, McKean County, PA) into a shale wastewater injection well (see PA DEP Approves Shale Wastewater Injection Well in…
Read More...A little over one month ago, we confirmed a rumor that we previously reported regarding EQT Corporation selling a minority stake in its newly-acquired midstream assets from Equitrans to investment firm Blackstone in return for $3.5 billion in cold, hard cash (see Reuters Was Right – Blackstone Paying EQT $3.5B for Pipeline Stake). The deal…
Read More...The Environmental Protection Agency granted California Resources Corp.’s Carbon TerraVault Class VI well permits for the underground injection and storage of CO2. This post appeared first on Hart Energy.
Read More...EQT Corp. said the proceeds of the sale to Equinor were used to repay outstanding borrowings under its revolving credit facility related to its acquisition of Equitrans Midstream Corp. This post appeared first on Hart Energy.
Read More...Hexagon Agility says an oilfield service company is planning on converting its well-completion equipment fleet from diesel to natural gas. This post appeared first on Hart Energy.
Read More...Thomson is currently Vantage’s chief commercial officer and CTO and has served the company since 2008. This post appeared first on Hart Energy.
Read More...Silicone-based, spray-on coating simplifies application and improves protection for downstream assets and workers. This post appeared first on Hart Energy.
Read More...Ormat Technologies Inc. said the Montague energy storage project has a capacity of 20 megawatt/20 megawatt-hours. This post appeared first on Hart Energy.
Read More...Coterra Energy will buy an additional 1,650 net royalty acres from Sandia Minerals LLC, the interests of which are owned by Franklin Mountain Royalty Investments, for $43 million. This post appeared first on Hart Energy.
Read More...Private equity firm Northleaf Capital Partners acquired a controlling interest in the NCP Solar Mula farm in 2018. This post appeared first on Hart Energy.
Read More...DT Midstream acquired three pipelines with more than 3.7 Bcf/d of capacity that span approximately 1,300 miles across seven states. This post appeared first on Hart Energy.
Read More...