Nabors Industries saw broad growth across key international geographies in third-quarter 2024, with more rig deployments expected. This post appeared first on Hart Energy.
Read More...MidOcean Energy now holds a 35% stake in Peru LNG. Hunt Oil will remain the operator of the South American export facility. This post appeared first on Hart Energy.
Read More...Here is a look at some of this week’s renewable energy news, including a U.S. Geological Survey-led study pointing to massive estimated lithium reserves in the Arkansas Smackover. This post appeared first on Hart Energy.
Read More...A shrinking pool of opportunities is leading to scarcity and driving the rising valuations for crude E&Ps in the current A&D market, said TD Cowen analyst David Deckelbaum at Hart Energy’s A&D Strategies and Opportunities Conference. This post appeared first on Hart Energy.
Read More...The South Dakota Supreme Court justices have placed yet another roadblock in the way of Summit Carbon Solutions’ highly contested carbon capture pipeline project. This post appeared first on Hart Energy.
Read More...With third-quarter 2024 earnings underway, here is a compilation of dividends declared from select midstream and service and supply companies in the week of Oct. 21. This post appeared first on Hart Energy.
Read More...U.S. energy firms kept the number of oil and natural gas rigs unchanged this week. This post appeared first on Hart Energy.
Read More...For the week of Oct 14 – 20, there were 14 permits issued to drill Marcellus/Utica wells, up from 10 permits issued the prior week. The Keystone State (PA) had just four new permits (down from six the previous week), with three going to Southwestern Energy (now Expand Energy) in Susquehanna County and one for…
Read More...The U.S. Energy Information Administration (EIA) reports that U.S. natural gas production from shale and tight formations declined by about 1% from January through September 2024 compared to the same period in 2023. Most of the decline comes from two shale plays—the Haynesville in Louisiana and Texas (down 12%) and the Utica Shale in Ohio,…
Read More...Yesterday, MDN reported on Range Resources’ third quarter update (see Range 3Q Update: Adding 47 Wells in 2024, NGLs Boost Revenue). We left some things out of our analysis—important things. Range executives said they expect a big increase in natural gas demand right here in Marcellus/Utica and next door in the southeast. The M-U produced…
Read More...The Biden-Harris administration continues to spend money like drunken sailors. They can’t hand it out fast enough ahead of November 5th. We can’t even count how much has been doled out just this week—certainly several billion dollars. Some of the money flowing out of D.C. this week ($44 million) will go to a project that…
Read More...As we outline in a companion post today, the Biden-Harris Department of Energy is investing $44 million in a project to drill two carbon dioxide injection wells, one in West Virginia and the other in Ohio (see DOE Spends $44M on Drilling CO2 Injection Wells in WV & OH). Some companies are ready to dive…
Read More...Last week, MDN brought you a story about a developing issue of who, ultimately, should pay to build out new electricity sources for data centers (and AI) that increasingly use huge amounts of power (see Big Tech and Big Utility Tangle in Ohio re Data Center Electricity). A large utility company in central Ohio, AEP…
Read More...Manu Asthana, CEO of PJM The CEO of the country’s largest electric grid, PJM Interconnection, which covers all or parts of 13 states, including PA, OH, and WV, is ratcheting up his rhetoric about his concerns that PJM is heading for outages if new sources of power don’t come online quickly. At a recent meeting…
Read More...MARCELLUS/UTICA REGION: Coterra moving/downsizing its Pittsburgh office; Pennsylvania to get $244M more for abandoned mine land cleanup; WATT Fuel Cell wins Technology Innovation Leadership Award; Blue Bird delivers first fleet of propane-powered buses to Philadelphia; OTHER U.S. REGIONS: Exxon Mobil, Qatar get 3-year extension to build their LNG plant in Texas; NATIONAL: Patterson-UTI offers sobering…
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