LSB Industries’ Chairman of Board Retires, Replaced by CEO
Richard Roedel, LSB Industries Inc.’s chairman of the board of directors, is retiring from his position effective immediately. This post appeared first on Hart Energy.
Read More...PA AG “Convicts” Greylock Energy, Extracts $140,000 for Big Green
In early 2018, the Pennsylvania Dept. of Environmental Protection (DEP) collected a whopping $1.7 million fine from Energy Corporation of America (ECA) for violations at 17 well sites in Cumberland, Jefferson, and Whiteley Townships in Greene County, and Goshen Township in Clearfield County (see Energy Corp of America Fined $1.7M for Drilling Violations in PA)….
Read More...Independent Monitoring of CNX Ops Shows No Public Health Threat
CNX Resources released its first Radical Transparency™ assessment report yesterday. The initial results of nine months of continuous air emissions monitoring at natural gas well sites and compressor stations in southwestern Pennsylvania indicate that CNX natural gas development poses no public health risk. Period. The data is collected and disseminated to the public by an…
Read More...Epsilon 2Q – PA Production & Revenue Down Due to Low Gas Price
Epsilon Energy issued its second quarter 2024 update earlier this week. Epsilon, a relatively small company, used to concentrate most of its effort on developing Marcellus Shale wells. However, over the past few years, the company has expanded into other plays and now owns assets in the Anadarko (Oklahoma and Texas) and the Permian (Texas…
Read More...ECA Marcellus Trust I Gives Investors NO Dividend for 2Q24
ECA Marcellus Trust I, the royalty interest holder in some of the wells drilled and maintained by Greylock Energy in Greene County, PA, announced yesterday that it will not issue a dividend to unitholders for the second quarter of 2024. The company paid 4.3 cents per unit in 1Q23, nothing in 2Q23, six-tenths of a…
Read More...Canada Pension Plan Investing $843M in Tallgrass Energy, REX
We spotted some news that, on the surface, may not appear to be connected to the Marcellus/Utica, but we think it is. The Canada Pension Plan Investment Board (CPP Investments) is investing approximately $843 million (CAD 1.2 billion) in Denver, Colorado-based Tallgrass Energy. CPP is a major investor in the Utica Shale (via Encino Energy),…
Read More...Convenient Timing: Biden-Harris Promise Pa. Another $152 Million
There is no excerpt because this is a protected post. The post Convenient Timing: Biden-Harris Promise Pa. Another $152 Million first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Other Stories of Interest: Thu, Aug 15, 2024
OTHER U.S. REGIONS: Largest USA facility to pull carbon from air opens; NATIONAL: Harold Hamm says this election is oil industry’s most important ever; INTERNATIONAL: Oil falls amid surplus fears as US stockpiles rise; China’s natgas consumption, production, imports increased in 2023; French imports of Russia’s LNG surge; Amid flagging US activity, OFS looks to…
Read More...Debt, Politics and Gas: Ecopetrol Explains Rejecting $3.6B Oxy Deal
Ecopetrol said its decision to not move forward with a $3.6 billion deal to acquire Oxy’s CrownRock LP assets was mainly due to the impact on its leverage, but also political shifts under Colombian President Gustavo Petro. This post appeared first on Hart Energy.
Read More...Environmental Partnership Report Demonstrates Continued Emissions Reductions, Even With Record Oil and Natural Gas Production
Oil and natural gas producers continue to make emissions reduction advancements, including reducing flare intensity despite record production, according to the Environmental Partnership’s latest annual report. The Environmental Partnership (TEP) is a voluntary coalition representing nearly 70 percent of U.S. onshore oil and natural gas production in 47 out of 50 states, with the mission
Read More...NextDecade CEO: LNG Ruling Risks Viability of All FERC Projects
NextDecade Chairman and CEO Matt Schatzman said an Aug. 6 ruling by the U.S. Court of Appeals for the D.C. Circuit to vacate its FERC permit has “far-reaching implications” that could undercut capital investment in LNG projects. This post appeared first on Hart Energy.
Read More...Equinor, Dominion Place Winning Bids in US Offshore Wind Sale
The offshore wind lease sale for two areas in the Central Atlantic brought in nearly $93 million, according to the U.S. Bureau of Ocean Energy Management. This post appeared first on Hart Energy.
Read More...Analysts: Midstream MLPs Outperforming S&P in 2024
The midstream sector has been able to take advantage as capex spending slows and cash flows increase. This post appeared first on Hart Energy.
Read More...Petroleum and You: Election Day
The post Petroleum and You: Election Day appeared first on . This post appeared first on Energy In Depth.
Read More...Petroleum and You: Political Campaign
The post Petroleum and You: Political Campaign appeared first on . This post appeared first on Energy In Depth.
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