Baker Hughes: US Drillers Cut Oil, Gas Rigs for First Time in Four Weeks
U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in four weeks. This post appeared first on Hart Energy.
Read More...34 New Shale Well Permits Issued for PA-OH-WV Nov 4 – 10
For the week of Nov 4 – 10, permits issued in the Marcellus/Utica came roaring back with a total of 34 permits issued (up from 13 issued the prior week). There were some VERY interesting things to note about some of the permits issued. The Keystone State (PA) issued 16 new permits, with five going…
Read More...Fed District Court Sends Pennsylvania Royalty Dispute to Trial
MDN first reported on a lawsuit by a group of Wyoming County, PA, landowners back in January 2019 (see Fed Court Allows PA Royalty Lawsuit Against Chesapeake to Proceed). The lawsuit was originally filed in February 2018 by landowners against Chesapeake Energy and Equinor, claiming post-production deductions were made from royalty checks that should not…
Read More...Y&S Railroad Expanding Youngstown Yard to Service Cracker, M-U
We’re a sucker for a railroad story. There’s something magical about railroads, dontcha think? We spotted a railroad story that ties in with the Marcellus/Utica. Yesterday morning, the Ohio Rail Development Commission (ORDC) voted to approve a project (and back it with a grant) in Youngstown, Ohio. It is a significant, large-scale project by the…
Read More...Kentucky Utility Plans to Build 4 New Gas-Fired Power Plants
Yesterday, the East Kentucky Power Cooperative (EKPC), a nonprofit power generation and transmission electric utility with headquarters in Winchester, Kentucky, announced plans to build two new natural gas-fired power plants and convert its two existing coal-fired power plants to burn natural gas. That’s four new gas-fired power plants coming to two different counties, one county…
Read More...Court Rescinds Approval of WNY Gas-Fired Plant Sale to Bitcoin Co.
In September 2022, the New York Public Service Commission (PSC), which oversees and regulates public utilities in the state, approved the takeover of the Fortistar gas-fired power plant in North Tonawanda, NY, a town close to Niagara Falls, by Canadian crypto mining company Digihost. In December 2022, the Federal Energy Regulatory Commission (FERC) offered its…
Read More...PHX Response to WhiteHawk Energy’s Latest Marriage Proposal: NO!
Runaway Bride Our observation is that WhiteHawk Energy is smitten with PHX Minerals. For the last 15 months, WhiteHawk has been trying to get PHX down the marriage aisle in any way it can. PHX has repeatedly given WhiteHawk the cold shoulder. WhiteHawk’s latest attempt, which we told you about yesterday, was an appeal to…
Read More...ECA Marcellus Trust I Gives Investors Half-Cent Dividend for 3Q24
ECA Marcellus Trust I, the royalty interest holder in some of the wells drilled and maintained by Greylock Energy in Greene County, PA, announced Wednesday that it will issue a half-cent dividend to unitholders for the third quarter of 2024. The company paid no dividend in 2Q24. The company continues to hold back some profits…
Read More...Other Stories of Interest: Fri, Nov 15, 2024
OTHER U.S. REGIONS: Exxon plans to cut almost 400 Pioneer jobs in Texas by 2026; NATIONAL: BMI says Trump presidency breeds new uncertainty for oil price; Trump weighs ‘fearless’ fracking advocate for top energy post; INTERNATIONAL: Germany rejects Russian natural gas shipments; Trump’s tariffs won’t curb EU’s reliance on U.S. LNG.To view this content, log…
Read More...Ovintiv Swaps the Uinta for Montney in Multiple M&A Moves
Ovintiv is expanding greatly in the Canadian Montney Shale play through a US$2.38 billion deal with Paramount Resources and exiting the newly booming Uinta Basin in Utah with a $2 billion sale to FourPoint Resources. This post appeared first on Hart Energy.
Read More...TotalEnergies Awards SBM Offshore FPSO GranMorgu Development Contract
SBM will construct and install a floating production, storage and offloading vessel for TotalEnergies alongside its partner Technip Energies, the company said. This post appeared first on Hart Energy.
Read More...CEO: Ovintiv Passes on Permian Prices for More Montney Condensate
Rumored to be a potential buyer in the Permian Basin, Ovintiv instead struck a deal for lower-cost oil and condensate assets in Alberta’s Montney Shale. This post appeared first on Hart Energy.
Read More...Occidental CEO Sees Bipartisan DAC Support as Projects Advance
Occidental Petroleum CEO Vicki Hollub said the next president will be positive for the U.S. energy industry, especially direct air capture. This post appeared first on Hart Energy.
Read More...US NatGas Storage Levels Back in Record Territory
The U.S. Energy Information Administration’s weekly report shows a 42 Bcf increase of natural gas in storage, matching expectations. This post appeared first on Hart Energy.
Read More...Baker Hughes, SOCAR Partner to Limit Flaring at Azerbaijan Oil Refinery
Baker Hughes and SOCAR expect to recover flare gas equivalent up to 7 million normal cu. m of methane per year and further reduce CO2 emissions by up to 11,000 tons per year. This post appeared first on Hart Energy.
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