News

Using “Digital Twins” in Marcellus to Improve Well Performance

We have to confess this was a new one for us. We happened across a story about the use of “digital twins” in the energy space and how the use of digital twins is “transforming operations in North America.” So, what the heck is/are digital twins? According to the article, a digital twin is “a…

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Va. Democrat Study Says Natural Gas Needed to Power Data Centers

The left can no longer hide the truth, as they have tried to do for years. The truth is, with the advent of data centers and artificial intelligence and their enormous demand for new electricity, there is only one solution that will work, at least in the next 10-20 years: natural gas power. A Democrat-controlled…

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Return of the Wildcatters – Utica Oil Drillers Grow Organically

Oil wildcatting is the process of drilling exploratory wells in areas with little to no history of oil and gas production. Wildcatting is a high-risk activity that involves drilling in unproven or fully depleted areas. Wildcat wells are often drilled far from other wells and without the use of well logs or other geological data….

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Infinity Natural Resources Picks Up Another 7 Banks for Utica IPO

MDN reported that in early October that Infinity Natural Resources (INR) filed an IPO with the Securities and Exchange Commission (SEC) hoping to raise $100 million (see M-U Driller Infinity Natural Resources Files for $100 Million IPO). Citigroup, Raymond James, and RBC Capital Markets were the original Big Bank underwriters. At the end of November,…

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Radicals Again Demand NY Gov. Hochul Block Iroquois Compressors

Iroquois Gas Transmission’s Enhancement by Compression (ExC) project would increase horsepower at three compression stations — two in New York and one in Connecticut — by an extra 125 MMcf/d, to flow more Marcellus/Utica gas into New York City and New England. The two NY compressors include one in Dover and one in Athens. The…

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E&P Highlights: Dec. 16, 2024

Here’s a roundup of the latest E&P headlines, including a pair of contracts awarded offshore Brazil, development progress in the Tishomingo Field in Oklahoma and a partnership that will deploy advanced electric simul-frac fleets across the Permian Basin. This post appeared first on Hart Energy.

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PA Drops 1 Rig, M-U @ 34; National Rigs Keep Gains, Even @ 589

The Baker Hughes national rig count dramatically increased two weeks ago, adding seven rigs for a national count of 589 (see OH Drops 1, PA Adds 1 Rig; National Rig Count Soars, Adds 7 @ 589). Last week, the national count didn’t change, and we are holding on to the gains made the previous week…

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