Industry News

Multi-Year Study Tries to Understand Support for Fracking in PA

This is fascinating. A leftist researcher rented an apartment and lived in Williamsport for eight months in 2013. He interviewed over 100 residents of Greater Williamsport (Lycoming County), PA, to learn their views on fracking. He followed up with the participants and made return visits to the region for the next eight years until 2021….

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AES Indiana Spending $1.1B to Convert Last Coal Plants to NatGas

AES Indiana, formerly known as Indianapolis Power & Light Company, is a utility company providing electric service to the city of Indianapolis. It is a subsidiary and largest utility of AES Corporation. AES Indiana said yesterday that it wants to invest $1.1 billion in Pike County, IN, to convert the company’s two remaining coal-fired power…

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EIA Says Natural Gas Supply and Demand Coming Into Balance

As we’ve discussed many times before, the price for natural gas (especially the NYMEX futures price) is primarily determined by supply and demand — Economics 101. When there is too much supply with the same or less demand, prices go down. And boy, have they gone down! The problem we’ve struggled with all this year…

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Other Stories of Interest: Fri, Aug 9, 2024

OTHER U.S. REGIONS: Michelin investing $50M on natgas boiler facility in Rubbertown; NATIONAL: Walz says there is no guarantee of free speech; Carbon dioxide pipeline battle – seize land for green energy; Greenhouse gases are a scientific myth; U.S. crude production hits all-time high; INTERNATIONAL: World Energy Council urges change to energy transition approach. Please…

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MVP Cuts Gas Flows for Maintenance 2 Mos. After Launching

A section of the recently completed 303-mile Mountain Valley Pipeline (MVP) was shut down on Tuesday for “pigging” operations and maintenance. Certain sections of MVP have dropped to zero flows, while other sections have dropped to drastically lower flows. We’ll ask the questions no one else will: Why the heck is MVP shutting down a…

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NFG Qtly Update: Filing Tioga Pathway Pipe with FERC This Month

National Fuel Gas Company (NFG), headquartered in Buffalo, NY, is the parent company for Marcellus/Utica driller Seneca Resources and the parent of midstream company NFG Midstream (and subsidiary Empire Pipeline). Last week, NFG issued its latest quarterly update. During the quarter (considered the company’s third quarter), Seneca produced 96.5 Bcf (billion cubic feet) of natural…

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Gulfport Energy 2Q: Completely in Love with Ohio Marcellus

Gulfport Energy, the third-largest driller in the Ohio Utica Shale (by the number of wells drilled), reported its second quarter 2024 numbers earlier this week. The company drills Utica and Marcellus wells in Ohio. It also has an active drilling program in the Oklahoma SCOOP shale play. Gulfport’s net daily production for 2Q24 averaged 1,050.1…

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The Story of Utica Oil Part 5: Utica is “the Last Oil Frontier”

Writing for Hart Energy’s Oil and Gas Investor magazine, author Nissa Darbonne penned a fabulous overview of the Utica, bringing us the history of oil drilling in Ohio (in the 1800s) all the way up to the present day and Encino Energy’s dominance in oil drilling in the Utica. The article includes details about Encino…

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PA May Not Be Able to Keep All the Lights On in Four Years

The CEO of the Energy Association of PA who is also a former chairman of the Pennsylvania Public Utility Commission (PUC) asks this question: What can Pennsylvania lawmakers do about a looming regional power shortage that they didn’t cause and can’t easily fix? He says this dilemma poses the most important energy issue facing the…

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