Diversified Energy Closes on 170,000-acre Deal in East Texas
Diversified will pay $106 million for the natural gas assets through the issuance of 2.24 million new shares and $71 million cash. This post appeared first on Hart Energy.
Read More...TC Energy Completes NatGas Transmission System Sale
TC Energy Corp. and its partner Northern New England Investment Co. have completed the sale of the Portland Natural Gas Transmission System for US$1.14 billion. This post appeared first on Hart Energy.
Read More...Gavin Newsom’s Gas Storage Requirement Would Mean Higher Gas Prices for Consumers
After failing to find any evidence of price gouging under a new law enacted last year, it appears California Governor Gavin Newsom has decided to pivot from price controls to new regulations for refiners. This week California Governor Gavin Newsom proposed a new law that would institute a minimum gas reserve requirement for refiners that
Read More...Dividends Declared in the Week of Aug. 12
As second-quarter earnings season wraps up, here is a roundup of select upstream, midstream and service and supply companies’ dividends declared in the week of Aug. 12. This post appeared first on Hart Energy.
Read More...26 New Shale Well Permits Issued for PA-OH-WV Aug 5 – 11
For the week of August 5 – 11, a total of 26 permits were issued to drill new shale wells in Marcellus/Utica, with the vast majority issued in Pennsylvania. The Keystone State had 21 new permits, with an eye-popping 19 going to EQT split between Greene and Washington counties (in the southwestern part of the…
Read More...New England Pipe Company PNGTS Now a BlackRock Puppet
The 295-mile Portland Natural Gas Transmission System (PNGTS) spans New England from the Canadian border to pipeline connections in New Hampshire, Maine, and Massachusetts. The system began operations in 1999 and is located between three major pipeline networks originating in Canada and the U.S. TC Energy owns 61.7% of PNGTS. The remaining 38.3 percent is…
Read More...PA DEP Hosting 3 Info Sessions on Scoring Bidenbucks to Plug Wells
With the presidential election only 80 days from now, the money coming from Washington, D.C. to swing states like Pennsylvania is flowing like a river, as we told you yesterday (see Convenient Timing: Biden-Harris Promise Pa. Another $152 Million). The orders have gone out to get this money (or rather, the promise of this money)…
Read More...Indiana Twp PA Denies Request to Rezone for New Gas Wells
At a packed meeting in May, the Indiana Township (Allegheny County, PA) Planning Commission voted unanimously (4-0) to delay a decision on rezoning a 59-acre parcel along Route 910 from office/commercial to light industrial — which would allow gas drilling on the site (see Indiana Twp, PA, Postpones Rezoning to Allow Drilling Near Rt. 910)….
Read More...Thailand’s Banpu Lays Out Net Zero Path for U.S. Subsidiary BKV
Over the past seven-plus years, BKV Corporation (Banpu Kalnin Ventures), the American arm of Banpu (96% owned by Banpu, Thailand’s largest coal mining company), has become one of the top 20 gas-weighted natural gas producers in the U.S. BKV originally entered the American shale sector by investing $500 million in 2016-2017 to buy existing Marcellus…
Read More...O&G Group’s Annual Report Shows Production Up, Emissions Down
America’s natural gas and oil industry announced “a landmark partnership” in late 2017 called The Environmental Partnership to “accelerate improvements to environmental performance in operations across the country” for lowering methane emissions (see NatGas, Oil Industry Partnership to Accelerate Methane Reductions). The group, which includes most Marcellus/Utica drillers and pipeline companies, just released its sixth…
Read More...Harris Surrounds Herself with Anti-Fracking, Far-Left Advisors
Kamala “The Cackler” Harris The Cackler (Kamala Harris) will be in North Carolina today, delivering a speech on her economic views and how she plans to fix the economic mess her administration has made over the past four years. She and her obedient mainstream media lapdogs will try to convince you she has changed. She…
Read More...Other Stories of Interest: Fri, Aug 16, 2024
MARCELLUS/UTICA REGION: Clinton County is business friendly, oil-gas company says; Second phase of Wyalusing natgas pipeline project underway; MSC members support Debby relief efforts; OTHER U.S. REGIONS: Richlands receives $2 million to build natural gas-fired turbine and generator; Texas comptroller adds NatWest to list of energy boycotters; NATIONAL: J.D. Vance on tax-exempt foundations behind green…
Read More...For Sale: Grandma’s Minerals
A younger generation more open to selling subsurface rights has increased supply for the minerals and royalties market, and Mesa Minerals III is buying up interests in the Permian and Haynesville. This post appeared first on Hart Energy.
Read More...Delek Logistics Offering Senior Notes to Pay Off Debt
Delek Logistics Partners and its subsidiary plan to use the net proceeds from the senior notes offering to pay off a portion of the outstanding borrowings from its credit facility. This post appeared first on Hart Energy.
Read More...CrownRock Offloads Oxy Shares Two Weeks After Closing $12B Deal
Underwriters of the offering agreed to purchase CrownRock’s Occidental stock at $58.15 per share, which will result in approximately $1.719 billion in proceeds before expenses. This post appeared first on Hart Energy.
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