Two weeks ago, the U.S. rig count erased a couple of weeks of anemic gains by dropping 11 rigs from the total, sinking to 630 active rigs, the lowest count since February of 2022 (see Dead Cat Bounce? U.S. Rig Count Cut 11 @ 630, M-U Stays Even @ 39). The active count in the…
Read More...Diversified Energy (formerly Diversified Gas & Oil), with major assets in the Marcellus/Utica region (and other regions, too), owns approximately 8 million acres of leases with 67,000 (mostly) conventional oil and gas wells. The company’s business model is to buy lower-producing wells on the cheap and find ways to make them more productive. For years,…
Read More...According to consulting powerhouse McKinsey & Co., world demand for LNG is forecast to see robust demand growth through at least 2040, and U.S. shale gas producers can effectively compete to fill a coming supply gap. But only if we can build enough new pipelines and liquefaction plants to meet the demand. And that’s the…
Read More...Natural Gas Now Best Picks – September 30, 2023 Tom Shepstone Shepstone Management Company, Inc. … … NOTE: While this feature will continue on our new site, Energy Security and Freedom, this is our last post here at Natural Gas NOW. The site will remain up for now for archival purposes, but new material will
Read More...Aerospace engineering Professor John-Paul Clarke tells Hart Energy’s Jordan Blum how a dinner conversation led to the world’s largest fuel cell electric airplane. This post appeared first on Hart Energy.
Read More...The Biden administration’s proposed 2024–2029 National Outer Continental Shelf (OCS) Oil and Gas Leasing Program would allow for the “smallest number” of offshore oil lease sales — three — in the history of five-year programs This post appeared first on Hart Energy.
Read More...The fate of Venezuela’s U.S. refining arm Citgo Petroleum is closer to reaching a theatrical climax as a court ordered sale date approaches. This post appeared first on Hart Energy.
Read More...Here is a look at some of this week’s renewable energy news, including the close of a $3 billion loan agreement for a ‘virtual’ power plant project. This post appeared first on Hart Energy.
Read More...Analysts said some measures show capex spending might be significantly underfunded and that “critical amounts of investment” are needed. This post appeared first on Hart Energy.
Read More...Primarily operated by Endeavor and Ovintiv, the acquisition encompasses approximately 5,000 net royalty acres in Midland’s Martin and Dawson counties, Texas. This post appeared first on Hart Energy.
Read More...The oil and gas rig count, an early indicator of future output, fell by seven to 623 in the week to Sept. 29. This post appeared first on Hart Energy.
Read More...After delaying for more than a year, the Biden administration’s Department of Interior finally released its five-year program for federal offshore leasing – a plan that includes the lowest number of auctions in the program’s history – even as prices at the pump continue to rise. The plan is a stark difference from the typical
Read More...From Americans sent home without pay for an unknown amount of time to the shutdown of most government services, a federal shutdown could have far-reaching consequences across the country, including to our nation’s energy security. It’s no secret that under the Biden administration, there has been increased uncertainty for producers developing oil and natural gas
Read More...The two contracts with Vår Energi significantly reinforces Baker Hughes’ industry leadership and growth trajectory. This post appeared first on Hart Energy.
Read More...Exxon and Hess’ exit comes as the producers focus on their larger and highly productive Stabroek block, where more than 11 Bbbl of oil and gas have been discovered so far This post appeared first on Hart Energy.
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