U.S. ethane production increased steadily over the last decade and reached a record of 3.0 million barrels per day (b/d) in May 2024. Ethane production in the first half of 2024 (1H24) averaged a record 2.8 million b/d, according to data from the U.S. Energy Information Administration’s (EIA) Petroleum Supply Monthly. Ethane production in the…
Read More...Ever notice how politicians like to blame others when their own policies create havoc and chaos? When you block new gas-fired power plants that provide more electricity for growing demand and pretend unreliable renewables will step in to save the day, there are negative consequences, like the price of electricity soaring through the roof (see…
Read More...Territory Resources LLC has retained EnergyNet for the sale of 15-well package in Kay, Noble and Pawnee counties, Oklahoma. This post appeared first on Hart Energy.
Read More...Here’s a roundup of the latest E&P headlines, including a new field coming onstream and an oilfield service provider unveiling new technology. This post appeared first on Hart Energy.
Read More...The oil and gas industry has both a need and an opportunity to embrace the digital transformation while engaging the next generation of its workforce. This post appeared first on Hart Energy.
Read More...The $950 million move to acquire Piñon Midstream expands Enterprise Products Partners’ Delaware Basin footprint in New Mexico. This post appeared first on Hart Energy.
Read More...Leslie Armentrout, the president and co-founder of Silver Cross Energy Partners discusses the opportunities of the Central Basin Platform and Uinta Basin—and the challenges. This post appeared first on Hart Energy.
Read More...“Energy is very much on the ballot here” Pennsylvania Democratic Attorney General nominee Eugene DePasquale denounced the climate lawfare movement targeting natural gas and oil companies in a Pennsylvania Chamber candidate forum posted Monday. WATCH: https://www.energyindepth.org/wp-content/uploads/2024/10/ScreenRecorderProject1_1.mp4 TRANSCRIPT: Moderator: “Energy is very much on the ballot here [in Pennsylvania]. Recently Vice President Harris has called on
Read More...The realignment we spoke of several weeks ago about Pennsylvania losing rigs to its neighbors has deepened. Last week, PA lost another rig, going from 13 rigs down to 12 rigs, while Ohio picked up one rig and now has 10 active rigs. West Virginia also operated 10 rigs last week. Just two months ago…
Read More...Last week, CNX Resources issued its third quarter 2024 update. The company made $65.5 million in profit for the quarter, compared with a profit of $21.3 million in 3Q23 (more than doubling net income). Production was 134.5 Bcfe (billion cubic feet equivalent) in 3Q24 — which works out to 1.46 Bcfe/d — down from 143.4…
Read More...In September, the Executive Director of the Susquehanna River Basin Commission (SRBC) renewed 20 water-use permits for individual shale gas well drilling pads in Bradford, Clearfield, Lycoming, Sullivan, and Susquehanna counties. We’re just learning of the action via an official notice published in the Oct. 26 edition of the Pennsylvania Bulletin. The approvals, which are…
Read More...Nine Energy’s stock performance for the past one year (click for larger version) Nine Energy Service, an oilfield services (OFS) company that competes with companies like Halliburton and Baker Hughes, operates in a number of shale basins, including the Marcellus/Utica. Last week, the New York Stock Exchange (NYSE) informed Nine the company’s stock is in…
Read More...WATT fuel cell A fuel cell manufacturer located in Westmoreland County, PA — WATT Fuel Cell — manufactures Solid Oxide Fuel Cell (“SOFC”) stacks and systems that operate on common, readily available fuels such as natural gas and propane. Instead of burning and combusting natural gas (or propane), those fuel sources are subjected to an…
Read More...Continued U.S. piped-gas exports to Mexico bode well for Eagle Ford and Permian producers. This post appeared first on Hart Energy.
Read More...Despite a smaller IPO market and a fiscal discipline mandate, many small players continue to find and make deals in the U.S. oil patch, panelists said during Hart Energy’s A&D Conference in Dallas, Texas. This post appeared first on Hart Energy.
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