The vast majority (up to 99%) of Pennsylvania’s abandoned conventional wells are “orphans,” or wells without an identifiable, documented owner whom the state can hold liable for cleanup. Orphan wells date back to the Civil War in some cases. Even with “newer” wells, the problem has been poor recordkeeping by the PA Dept. of Environmental…
Read More...The U.S. has extended the general license for Petroleos de Venezuela’s 2020 8.5% bond. This post appeared first on Hart Energy.
Read More...Cheniere Energy., which boasts 45 mtpa of LNG production capacity, is on schedule for first LNG production from its Corpus Christi LNG Stage 3 project by year-end 2024, the company’s CEO Jack Fusco said during a quarterly earnings webcast. This post appeared first on Hart Energy.
Read More...Here is a look at some of this week’s renewable energy news. This post appeared first on Hart Energy.
Read More...Summit Midstream spent the second quarter reorganizing and raising cash for the future, the company’s CEO said. This post appeared first on Hart Energy.
Read More...Here are second-quarter dividends declared from select upstream and midstream companies from the week of Aug. 5. This post appeared first on Hart Energy.
Read More...Enverus’ minerals expert Phil Dunning pulls back the curtain on generational changes and seismic shifts in the U.S. minerals market that make it challenging to for aggregators to achieve scale. This post appeared first on Hart Energy.
Read More...Williams opened its Regional Energy Access Project despite an appellate court vacating its FERC permit. Williams plans to seek a temporary permit to keep the new system open. This post appeared first on Hart Energy.
Read More...Non-op Granite Ridge Resources closed transactions during and after the second quarter in multiple plays, including the Midland, Delaware, Williston, D-J and Appalachian basins. This post appeared first on Hart Energy.
Read More...Targeting first phase startup by 2026, Spiritus on Aug. 8 said the direct air capture project is designed to remove 2 million tonnes of CO2 annually from the atmosphere. This post appeared first on Hart Energy.
Read More...Crude prices will strengthen through 2024 before falling in 2025 due to lower liquid fuels consumption, particularly in China, the U.S. Energy Information Administration reported. This post appeared first on Hart Energy.
Read More...For the week of July 29 – August 4, a total of 20 permits were issued to drill new shale wells in Marcellus/Utica, with the vast majority issued in Ohio. The Buckeye State had 13 new permits, with seven going to EOG Resources split between Noble and Carroll counties. Four permits went to Encino Energy…
Read More...Ascent Resources, founded as American Energy Partners by gas legend Aubrey McClendon, is a privately held company focusing 100% on the Ohio Utica Shale. Ascent, headquartered in Oklahoma City, OK, is Ohio’s largest natural gas producer and the 8th largest natural gas producer in the U.S. The company issued its second quarter 2024 update on…
Read More...Once a month, the U.S. Energy Information Administration (EIA) analysts issue the agency’s Short-Term Energy Outlook (STEO), their best guess about where energy prices and production will go in the next 12 months. Starting in June, the EIA axed its monthly Drilling Productivity Report that focused on shale plays and instead rolled it into the…
Read More...Here’s a court case that flew under the radar until now. It’s a case that has the potential to affect some drillers and some royalty owners in Ohio. Sabre Energy Corporation (the plaintiff) sued Gulfport Energy Corporation and Antero Resources Corporation (the defendants) for breach of contract. Sabre Energy owns Overriding Royalty Interests (ORRIs), or…
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