Industry News

Other Stories of Interest: Fri, Sep 20, 2024

NATIONAL: USA EIA drops WTI oil price forecasts; Kerry says oil industry yet to prove carbon capture viable; Rystad estimates 400 additional LNG vessels needed; Activist organization tallies up cases, omits losses; US shale gas growing source of shipping, trucking fuel; Natural gas, LNG positioned to help address power demand, decarbonization; Chevron opts against US…

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Fact Check: Are Heat Pumps the Solution to Heatwaves?

As regions of the United States endure the final heatwaves of the summer, discussions of efficient and affordable ways to keep homes cool have gained traction. With increased temperatures putting traditional HVAC systems to the test, environmentalists see the opportunity to promote heat pumps as the only viable options for Americans to save money and

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EIA Reports Natural Gas Storage Jumped 58 Bcf

The weekly storage report, released Sept. 19, showed a 58 Bcf increase from the week before, missing consensus market expectations of 53 Bcf, according to East Daley Analytics. This post appeared first on Hart Energy.

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Chesapeake CEO Says Southwestern Buyout Will Close Early 4Q

In January, Chesapeake Energy, now helmed by Nick Dell’Osso, announced a deal to buy out and merge with competitor Southwestern Energy for $7.4 billion (see Deal is Done! Chesapeake & Southwestern Announce $7.4B Merger). In April, the Bidenistas at the Federal Trade Commission (FTC) and Dept. of Justice (DOJ) sent the dreaded “Second Request” for…

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WhiteHawk Energy Buys Mineral Rights to Another 435K Acres in PA, WV

WhiteHawk Energy, headquartered in Philadelphia and owning mineral and royalty interests for over 1 million gross unit acres with over 3,400 producing horizontal shale wells between the Marcellus and the Haynesville, announced yesterday the acquisition of additional Marcellus Shale natural gas mineral and royalty assets for an undisclosed amount. The deal added 435,000 gross unit…

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ARCH2 Hydrogen Hub Looking for 3 New Projects to Replace Dropouts

Yesterday, Appalachian Regional Clean Hydrogen Hub (ARCH2) leadership team members presented an update on the ARCH2 initiative and its current status. Among the big news from the event was that ARCH2 is looking “for up to three” new projects that would be built in southwestern Pennsylvania, West Virginia, or eastern Ohio as part of the…

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