Reliance Exercises Four-Well Option on Transocean Rig
Transocean Ltd. says the 270-day program will contribute about $111 million in backlog. This post appeared first on Hart Energy.
Read More...Oil States Closes $24.8MM Ship Channel Sale
Oil States International Inc. said proceeds from the “previously idled” Houston Ship Channel facility’s sale will be used toward debt reduction. This post appeared first on Hart Energy.
Read More...Biden/Granholm DOE Releases Garbage Anti-LNG Exports “Study”
Yesterday, the U.S. Department of Energy (DOE), headed by the ultra-dumb Jennifer Granholm, issued a bogus “study” (copy below) arguing that no new approvals should be granted for additional LNG exports. The report (and Granholm, in a cover letter) argues that “the amounts [of LNG export facilities] that have already been approved will be more…
Read More...S&P Study: More U.S. LNG Exports WON’T Raise Domestic Gas Prices
This is VERY interesting. The nonpartisan S&P Global, which never (we mean NEVER) seeks to ruffle political feathers, released a study on LNG exports on the very same day as the Biden/Granholm Department of Energy released its LNG export study. The S&P study, which came out a few hours earlier than the DOE study, says…
Read More...Ascent Resources Buying Back $25 Million of Its Own Units (Stock)
Corporations have two primary ways of enriching the owners (shareholders): issuing periodic dividends (cash payments) to shareholders or buying back shares, which reduces the number of outstanding shares, thereby increasing the value of each share (which can be sold for a higher profit). How do privately held companies like Ascent Resources make their owners/investors richer?…
Read More...Ohio Utica Shale Attracted $108 Billion Investment by End of 2023
JobsOhio, a private, nonprofit corporation that works on behalf of the state to drive job creation and new capital investment in Ohio by attracting business, contracts out economic research to Cleveland State University (CSU) to keep tabs on the Utica Shale industry. JobsOhio released the latest CSU updated report yesterday (full copy below), showing that…
Read More...NERC Warns of “Urgent Need” for More Electric Power Next 10 Years
The North American Electric Reliability Corporation (NERC) released its 2024 Long-Term Reliability Assessment? (LTRA) yesterday. The LTRA highlights *critical* reliability challenges that the power industry is facing over the next 10 years, including satisfying escalating energy growth, managing generator retirements, and removing barriers to resource and transmission development. The LTRA concludes that well over half…
Read More...A Tale of Two Studies: DOE Study Rehashes Debunked Claims While New Analysis Highlights Critical Impacts of U.S. LNG
The U.S. Department of Energy released its long-awaited study on LNG exports Tuesday, and while the administration didn’t officially call for a ban on LNG exports – they might as well have. In a politically charged statement, U.S. Energy Secretary Jennifer Granholm said “that a business-as-usual approach is neither sustainable nor advisable,” echoing similar claims
Read More...Marketed: Slash Exploration Delaware Basin Opportunity
Slash Exploration Ltd. has retained EnergyNet for the sale of working interest participation in the Capitan 22301 27-22 State Com #20H wellbore in Lea County, New Mexico. This post appeared first on Hart Energy.
Read More...Brigham Exploration Grows Permian Footprint in Non-Op Assets Deal
Brigham Exploration is significantly adding to its Permian Basin non-operated portfolio with an acquisition of 7,000 acres from Great Western Drilling. This post appeared first on Hart Energy.
Read More...Jones Power Secures Contracts for Arizona Solar, BESS Projects
The developments, located outside of Phoenix and Tucson, have a potential capacity of 290 megawatts for the solar project and over 1 gigawatt for the BESS system, Jones Power said. This post appeared first on Hart Energy.
Read More...QatarEnergy Joins Joint Venture Offshore Namibia
QatarEnergy acquired a 27.5% stake in petroleum exploration license 90 offshore Namibia. This post appeared first on Hart Energy.
Read More...Exxon Mobil Targets $2B More Earnings from Low Carbon Solutions
Exxon Mobil executives say the pace of growth for areas such as CCS, hydrogen and lithium vary due to uncertainty. This post appeared first on Hart Energy.
Read More...Using “Digital Twins” in Marcellus to Improve Well Performance
We have to confess this was a new one for us. We happened across a story about the use of “digital twins” in the energy space and how the use of digital twins is “transforming operations in North America.” So, what the heck is/are digital twins? According to the article, a digital twin is “a…
Read More...Va. Democrat Study Says Natural Gas Needed to Power Data Centers
The left can no longer hide the truth, as they have tried to do for years. The truth is, with the advent of data centers and artificial intelligence and their enormous demand for new electricity, there is only one solution that will work, at least in the next 10-20 years: natural gas power. A Democrat-controlled…
Read More...