Marketed: ConocoPhillips 5 Well Package in Niobrara Shale
ConocoPhillips Co. has retained EnergyNet for the sale of working interest participation in five wells located in Weld County, Colorado. This post appeared first on Hart Energy.
Read More...Energy Transfer’s Lake Charles LNG Closer to FID with Chevron Deal
Energy Transfer entered a 20-year agreement to supply Chevron with 2 mtpa of LNG from its Lake Charles LNG export facility, which is awaiting a final investment decision. This post appeared first on Hart Energy.
Read More...Permanent Magnets Emerge as a Game-Changer for ESP Technology
In 2024, permanent magnet motors installations have ballooned to 11% of electric submersible pump installations, and that number is growing. This post appeared first on Hart Energy.
Read More...Kinder Morgan Reaches FID for $1.4B Mississippi NatGas Pipeline
Kinder Morgan plans to keep boosting its capacity to the Southeast and is moving forward with a 206-mile pipeline with an initial capacity of 1.5 Bcf/d. This post appeared first on Hart Energy.
Read More...Antis Pressure OH Gov. to Veto Bill Extending Fracking of State Land
One week ago, MDN told you that Ohio House Bill (HB) 308 had passed votes by both the full House and Senate and was heading to the desk of RINO Gov. Mike DeWine for his signature (see OH Senate Passes Bill Extending Time Drillers Can Frack State Land). HB 308 extends the standard lease terms…
Read More...NYMEX NatGas Price Rose 5% Last 2 Days – 4th Highest Price in 2024
The price of natural gas, both the Henry Hub NYMEX futures price and the spot price, essentially drives more (or less) drilling for natural gas. Hence our frequent coverage of the price, at least when that price is over $3 per million British Thermal Units (MMBtus). The “front month” NYMEX contract closed higher again yesterday…
Read More...Reuters Claims U.S. LNG Exports to Hit New All-Time Avg High 2024
Two days ago, MDN brought you analysis from RBN Energy that said U.S. LNG feedgas demand in 2024 would average “just under” the average from 2023, the first time since we began exporting LNG in 2016 that we have not grown our exports year over year (see Biden LNG “Pause” Caused 2024 Exports to Decrease…
Read More...DOE Inspector General Sounds the Alarm on $385B in “Green” Loans
You’ve always known that there’s corruption in the federal government, right? With that much money sloshing around, people with sticky fingers show up and grab some of it for themselves. Today’s story of government corruption will blow your mind. Thanks to the Biden Infrastructure Law and the misnamed Inflation Reduction Act, some $385 billion was…
Read More...Energy & Business Groups Respond to Biden/Granholm LNG “Study”
Yesterday, MDN brought you the news that the Biden Department of Energy (DOE) and its grossly incompetent leader, Jennifer Granholm, released a fake “study” that recommends not approving any more LNG export facilities, claiming we already have enough in the pipeline to last us forevermore (see Biden/Granholm DOE Releases Garbage Anti-LNG Exports “Study”). The study…
Read More...Incoming DOE Sec. Wright’s Energy Views Polar Opposite of Granholm
An op-ed appearing on The Center Square website says Donald Trump’s pick to head the Department of Energy, Chris Wright, will lead an American energy u-turn upon taking office. The first sentence begins this way: “The United States is about to witness a complete energy reversal.” Amen to that! We have just lived through four…
Read More...Global Natural Gas Markets are “Fragile” – Trump-Vance is the Fix
According to Dan Eberhart, CEO of Canary, LLC (the sixth-largest wellhead services company in the U.S.), the world is bracing for another energy crisis this winter, with natural gas markets “teetering” on the brink of volatility. It would not take much to push the world into another run on natural gas supplies, which would push…
Read More...Other Stories of Interest: Thu, Dec 19, 2024
INTERNATIONAL: Oil market becoming less bearish, Macquarie strategists say; Oil gains on us exports, Fed outlook curbs gains; US issues fresh sanctions related to Nord Stream 2 pipeline; India to surpass China as the top source of global oil consumption growth. INTERNATIONAL Oil market becoming less bearish, Macquarie strategists say Rigzone The oil market is…
Read More...EY: Three Themes That Will Drive Transformational M&A in 2025
Prices, consolidation and financial firepower will push deals forward, says EY. This post appeared first on Hart Energy.
Read More...Power Co. Proposes NatGas Plants Near Texas Haynesville Shale
An American Electric Power (AEP) subsidiary plans to develop two natural gas-fired generation projects near the prolific Texas Haynesville shale play. This post appeared first on Hart Energy.
Read More...Analysts: DOE’s LNG Study Will Result in Few Policy Changes
However, the Department of Energy’s most recent report will likely be used in lawsuits against ongoing and future LNG export facilities. This post appeared first on Hart Energy.
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