But while Expand Energy keeps a watchful eye on what its neighbors are doing, the current gas price is too difficult for Expand to dive into the costly far western Haynesville play itself, said Tim Beard, Expand’s vice president of drilling. This post appeared first on Hart Energy.
Read More...One month ago, Pennsylvania’s rig count dropped to just 12 rigs, the lowest that state has operated in the last 17 years (see PA Drops Another Rig to 17-Year Low; National Rig Count Even @ 585). Since then, PA has re-added one rig per week for three weeks in a row, and as of last…
Read More...Chris Wright Pinch us! Did we die and go to heaven? Are we dreaming? The hits just keep rolling in with President-elect Trump and his cabinet picks. On Friday, Trump picked North Dakota Gov. Doug Burgum as the next Secretary of the Department of Interior (Burgum is a huge fracking supporter). Then, on Saturday, President…
Read More...EIA price-picking dart board The U.S. Energy Information issued its latest monthly Short-Term Energy Outlook last week, the agency’s monthly best guess about where energy prices and production will go in the next 12 months. In October, the EIA predicted the average spot price for natural gas will be $3.10/MMBtu in 2025 (see Oct. STEO…
Read More...Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU), subsidiaries of PPL Corporation, celebrated a significant milestone last week with the groundbreaking of Mill Creek 5, a state-of-the-art 640-megawatt (MW) natural gas combined-cycle generating unit in Jefferson County, Kentucky. This new facility is set to begin powering homes and businesses in 2027. While…
Read More...Environmental wackos have made building a new natural gas pipeline anywhere in the northeast (or southeast) such a heinously nasty experience with multiple and repeated regulatory challenges and a blizzard of lawsuits that nobody has ventured to propose a new “greenfield” (brand new from scratch) pipeline since Mountain Valley Pipeline, which took a decade to…
Read More...Frac pressure-pumping leader Chris Wright was part of a mid-1990s team that suggested a slickwater—rather than gel—frac to George Mitchell, leading to the U.S. shale-gas breakthrough. This post appeared first on Hart Energy.
Read More...Judges have taken away one of the White House’s primary tools for implementing environmental regulations, creating uncertainty for sectors across the energy industry. This post appeared first on Hart Energy.
Read More...Wisconsin’s Department of Natural Resources approved an environmental plan to move Enbridge’s Line 5 pipeline’s path off of a tribal reservation. This post appeared first on Hart Energy.
Read More...Midas Vantage Projects Lithium said the plant will be located in the Montney Formation in Canada and is considered a “promising new lithium resource.” This post appeared first on Hart Energy.
Read More...The Mexican government expects to transfer 136 billion pesos (US$6.69 billion) to state oil producer Pemex next year to help the heavily indebted firm meet its debt and loan repayments. This post appeared first on Hart Energy.
Read More...EOG, Diamondback and Gulfport Energy remain optimistic—despite recent near-term volatility—and are doubling down on natural gas investments in order to meet growing energy demands. This post appeared first on Hart Energy.
Read More...Encino Energy’s Tim Parker tells Hart Energy’s Nissa Darbonne about the economics of drilling in the company’s Utica oil development at the DUG Appalachia Conference and Expo. This post appeared first on Hart Energy.
Read More...Here is a look at some of this week’s renewable energy news, including an agreement for the supply of oxide fuel cells to meet energy data center needs. This post appeared first on Hart Energy.
Read More...Here is a compilation of dividends declared from select E&Ps in fourth-quarter 2024 during the week of Nov. 11. This post appeared first on Hart Energy.
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