Tom ShepstoneNatural Gas NOW … … The recently released FERC State of the Markets Report, 2018″ report is an update on the progress of the shale revolution as it moves forward claiming new territory. The highlights say it all (emphasis added): Natural gas markets experienced record high demand and supply. Natural gas storage fell to
Read More...Tom ShepstoneNatural Gas NOW … … Andrew Cuomo is clearly trying to position himself to run for President at some point, but his actions show why he’ll never go anywhere outside of New York. Andrew Cuomo is an unusually good demagogue within New York, where city voters dominate and much of the electorate supposes electricity
Read More...Goldman Sachs expects the U.S.’s decision to end exemptions from sanctions for eight countries still buying oil from Iran to have a limited impact on crude prices — even though the timing is likely to have caught energy market participants by surprise. “While we acknowledge the near-term upside price risks, we reiterate our fundamentally derived
Read More...Murphy Oil Corp. announced its Murphy Exploration & Production Company – USA unit is acquiring deepwater Gulf of Mexico assets from LLOG Exploration Offshore and LLOG Bluewater Holdings for $1.38 billion in cash, Kallanish Energy reports. Additional contingent consideration payments are based on the following: up to $200 million in the event revenue from certain
Read More...Energy infrastructure company Sempra Energy has completed the sale of its U.S. renewables business and non-utility natural gas storage assets for roughly $2.5 billion in cash, Kallanish Energy reports. The announcement comes with Monday’s completion of the sale of its remaining ownership interests in operating and development-stage wind assets to American Electric Power for $584 million in cash.
Read More...During the week ended April 13, Ascent Resources Utica LLC received 13 horizontal well permits from the Ohio Department of Natural Resources to drill in Ohio’s Utica Shale, according to The Youngstown Business Journal. Ascent secured the permits for well sites in Belmont, Harrison and Jefferson counties in the southern portion of the Utica Shale
Read More...Ohio’s continuously-growing shale energy industry has attracted $74 billion in investments since 2011, according to a study done by Cleveland State University. The study was prepared for JobsOhio and represents the most recent data available, including investments made through the first half of 2018. It showed drilling activity slowed but remained significant in Ohio from
Read More...... … … Fractivism is anything but grassroots. Rather, it is funded and orchestrated Big Green, Inc. and the Institute for Energy Research is documenting it all. Last year, as readers might recall, IER launched Big Green, Inc. to began exposing the under-the-radar funders that underwrite the anti-American energy movement and its anti-fracking ballot measures,
Read More...Kelsey MulacCabot Oil & GasExternal Affairs, Pittsburgh … … The environmental benefits of natural gas are truly extraordinary, although fractivists are loathe to admit they exist. The truth is in the numbers, though. Did you know that natural gas is clean burning? This is good news for the atmosphere: replacing traditional dirtier energy sources with
Read More...State attorney general offices in Massachusetts and New York are continuing a worrisome trend of refusing to release their communications with environmental activists to the public. In Massachusetts, the Office of the Attorney General (OAG) is refusing to release its correspondence with Matthew Pawa and Naomi Oreskes—two high-profile activists who have been advocating for climate
Read More...Roger CaiazzaIndependent Researcher and Publisher,Pragmatic Environmentalist of New York … New York climate plans will have no discernible impact on climate. Is this why proposed legislation doesn’t attempt to quantitative global warming impacts? In the 2019-2020 regular sessions the New York State (NYS) legislature is debating the Climate and Community Protection Act (CCPA). This post calculates how
Read More...Welcome to this week’s edition of The Buzz, a weekly feature where Kallanish Energy editors select the quartet of stories this past week we feel were the most important – have the chance to make the biggest impact on the oil and gas industry — and energy as a whole. This week’s selections include: Venezuela bypasses U.S. sanctions
Read More...Penn State Extension will host a workshop to help landowners understand the various factors that affect their royalty payments on June 11 in Elk County, Pennsylvania. Are you as a landowner receiving royalty checks and not fully understanding how the current trends and production figures mesh with your royalty payments? Do you have questions on
Read More...Roger CaiazzaIndependent Researcher and Publisher,Pragmatic Environmentalist of New York … Andrew Cuomo’s plans for New York City’s natural gas peaking plants depend on untried and technologically challenging renewables. He’s risking a blackout. On February 28, 2019 the New York State of Department of Environmental Conservation (DEC) proposed regulations to lower allowable nitrogen oxide (NOx) emissions from simple
Read More...[Editor’s note: A version of this story appears in the April 2019 edition of E&P magazine. Subscribe to the magazine here.] A once quiet debate is nearing critical mass with repercussions in the oil and gas space. Indeed, the event horizon of sub-$60 oil suggests the critical mass threshold may be at hand. The debate stems from the vexatious
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