News

Other Stories of Interest: Thu, Oct 17, 2024

NATIONAL: Upstream M&A descends to $12 billion in 3Q24; Henry Hub reverts to downtrend; Oil, gas investors should not sweat the polls; EIA says natgas the most affordable option for heating homes; Harris climate advisor just undercut weeks of Kamala touting pro-fracking; Kamala once threatened to jail oil executives; INTERNATIONAL: Partnership focuses on hydrogen filling…

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Report: American Jobs and Economic Growth At Risk With LNG Pause

The Department of Energy’s continued pause on permitting U.S. LNG export facilities jeopardizes 900,000 American jobs, according to a new report released today by the National Association of Manufacturers (NAM). Prepared by PricewaterhouseCoopers, the report highlights the economic benefits of U.S. LNG exports, finding: “US LNG exports supported an estimated total of 222,450 jobs in

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Former Carrizo O&G Team Forms New Company to Drill in Ohio Utica

We always get a small thrill when we notice a new company working in the Marcellus/Utica. This is one of those occasions. Tiburon Oil & Gas Partners, LLC, headquartered in Houston, TX, is headed by four former Carrizo Oil & Gas executives. Tiburon was formed in 2022 “to responsibly acquire, develop, and operate upstream oil…

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PA Utility & Midstream Giant UGI Corporation Gets a New CEO

UGI Names Robert Flexon, President and CEO UGI, a diversified energy company with midstream (pipeline) operations in the Marcellus and one of Pennsylvania’s largest utility companies, announced that the Board of Directors appointed Robert C. Flexon as President and CEO, effective November 1, 2024. Mr. Flexon will replace Mario Longhi, UGI’s Chair, who has served…

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UGI Sues Scranton Suburb for Refusing to Allow LNG Storage Site

In early September, MDN told you that UGI Corporation, one of PA’s largest utility companies, plans to store trailers of LNG in the parking lot of a storage facility near Scranton, PA, and is seeking a zoning variance to do so (see UGI Seeks to Store LNG in Trailers in Scranton Suburb During Winter). UGI…

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Big Tech and Big Utility Tangle in Ohio re Data Center Electricity

We’ve been talking a lot lately about data centers and AI (artificial intelligence) because these facilities use enormous amounts of electricity, and electricity must be generated somehow. Most often, electricity is generated by burning natural gas. Gas-fired plants are important customers for Marcellus/Utica gas. A situation in Ohio in the Columbus area related to gas-fired…

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