Most infrastructure projects being built will not come online for another year—too late for the quickening pace of gas demand. This post appeared first on Hart Energy.
Read More...Calgary, Alberta-based Obsidian Energy is divesting operated assets in the Cardium to InPlay Oil for CA$320 million in cash, equity and asset interests. The company will retain its non-operated holdings in the Pembina Cardium Unit #11. This post appeared first on Hart Energy.
Read More...Applying veteran wisdom to the oil and gas finance landscape, trends for 2025 begin to emerge. This post appeared first on Hart Energy.
Read More...The acquisition of UP Engineering strengthens Bowman Consulting Group’s position in the oil and gas market, Chairman and CEO Gary Bowman says. This post appeared first on Hart Energy.
Read More...Antero Resources, which is 100% focused on the Marcellus/Utica with over 500,000 net acres under lease (and the largest M-U driller in West Virginia), issued its fourth quarter 2024 update last week. The company reports net production in 4Q24 averaged 3.43 Bcfe/d, up ever-so-slightly from 3.42 Bcfe/d in 4Q23. Natural gas production averaged 2.1 Bcf/d,…
Read More...In January 2024, MDN brought you the news that the Pennsylvania Dept. of Environmental Protection (DEP) approved a plan by Catalyst Energy to convert an existing conventional gas production well on Route 646 in Cyclone (Keating Township, McKean County, PA) into a shale wastewater injection well (see PA DEP Approves Shale Wastewater Injection Well in…
Read More...Hold on, everyone. The NYMEX natural gas price roller coaster is climbing up the next hill, and there is no telling how high it will go—or how quickly it will go down again. Yesterday, the NYMEX “front month” (March contract) for natural gas futures based on the price at the Henry Hub soared 28.2 cents…
Read More...According to a recent report from PJM Interconnection, the manager of the electric grid in all or parts of 13 states plus D.C., three electric transmission zones that are wholly or partly in Pennsylvania are expected to see sharp increases in power demand from current and new data centers in the next few years. For…
Read More...This is one of those “man bites dog” stories. It wouldn’t be news if a Virginia House of Delegates member who is Republican proposed allocating $15 million of taxpayer money to provide “road extension, grading, and natural gas pipeline extension” for a natural gas power plant and potential data center in Pulaski County, in rural…
Read More...Double Eagle IV is selling mostly undeveloped, core Midland Basin acreage to Diamondback Energy for $4.1 billion. Double Eagle will retain a significant amount of existing production in the southern Midland Basin, where it’s partnering with Diamondback to “accelerate development.” This post appeared first on Hart Energy.
Read More...The state joins North Dakota, Wyoming and Louisiana in securing approval from the Environmental Protection Agency for Class VI well primacy for carbon capture and storage. This post appeared first on Hart Energy.
Read More...Kinder Morgan closed on a $640 million deal for a Bakken natural gas gathering and processing network in the Williston Basin. This post appeared first on Hart Energy.
Read More...Sentinel Midstream’s Texas GulfLink crude loading platform is the second Gulf Coast project to receive a permit. This post appeared first on Hart Energy.
Read More...The move to dissolve the Devon-BPX joint venture ends a 15-year drilling partnership originally structured by Petrohawk and GeoSouthern, early trailblazers in the Eagle Ford Shale. This post appeared first on Hart Energy.
Read More...This month, California State Sen. Scott Wiener introduced a bill that would allow Californians, private insurance companies, and the state’s insurer of last resort to sue oil and gas companies for wildfire damages. The new bill takes the premise of California’s climate lawsuit – which is already on shaky legal ground, as similar suits are
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