Dividends Declared in the Week of July 15
Here is a selection of dividends declared in the week of July 15 for upstream, midstream and service and supply companies. This post appeared first on Hart Energy.
Read More...Gold H2, Oil Company Ink Deal for Microbial Hydrogen Technology
Houston-based Gold H2 has made its technology available to select oil and gas companies for pilot demonstrations. This post appeared first on Hart Energy.
Read More...BP Energy Outlook Review: As Demands Rises, Oil and Natural Gas Remain Critical
Continued investment in oil and natural gas is critical while carbon capture and removal technologies will play a key role in meeting decarbonization targets, according to oil and natural gas supermajor bp in its 2024 Energy Outlook. BP’s energy outlook assesses two scenarios: current trajectory and net zero. The current trajectory scenario is meant
Read More...NYMEX NatGas Price Crashes Again – Closes at $2.04/MMBtu
It pains us to write these kinds of posts, but we can’t ignore the bad news that the futures price for natural gas (NYMEX Henry Hub, front-month) is once again crashing. It closed down just above $2.00 yesterday. Will the price actually sink below $2 once again? It’s possible. The question is, why? What is…
Read More...Leftwing Radicals Ask PA Gov. Shapiro to Veto Carbon Capture Bill
If at first you don’t succeed, try, try again. That appears to be the philosophy of a group of radicalized “environmental” groups attempting to pressure Pennsylvania Gov. Josh Shapiro to veto a new bill sitting on his desk, Senate Bill (SB) 831, the Carbon Capture & Sequestration (CCS) Act. Last week, a strong bipartisan majority…
Read More...Range Resources Publishes 2023/24 Corporate Sustainability Report
Yesterday, Range Resources, the very first driller to sink a Marcellus shale well back in 2004, released its 2023-2024 Corporate Sustainability Report (CSR). Some companies call these CSR or sustainability reports, while others still use the now hugely unpopular ESG (Environmental, Social, and Governance) label. We’re glad to see Marcellus/Utica drillers moving away from using…
Read More...Kinder Says Co. in Discussions to Provide Extra 5 Bcf/d of NatGas
Kinder Morgan (KM), owner and operator of the mighty Tennessee Gas Pipeline along with many other pipeline systems, issued its second quarter update yesterday. It was clear from the materials and the comments made during the conference call that KM is high on natural gas. The company believes natgas has a rosy future, and KM…
Read More...Oil and Gas Industry’s Message to New UK Labour Government: Safeguard our Energy Security, Jobs, and Economy
On July 5, the U.K.’s Labour Party secured a landslide victory in the General Election, winning 412 seats out of 650, and marking a significant shift in the U.K.’s political landscape. Following the election, the U.K. oil and gas industry continues to voice concerns over Labour’s pledges to extend the windfall tax and end new
Read More...WoodMac: Are MidEast, Asia NOCs Poised For M&A Resurgence?
International M&A spend by national oil companies (NOCs) has dwindled from nearly 50% to less than 5% today. But Wood Mackenzie researchers see NOCs playing a larger role in international M&A in the future. This post appeared first on Hart Energy.
Read More...Marketed: Delaware Basin AFE Interests Divestiture
Armstrong Energy Corp. and Slash Exploration have retained RedOaks Energy Advisors for a sale of certain wellbore-only AFE interests located in Lea County, New Mexico. This post appeared first on Hart Energy.
Read More...New Wells Underway: Private E&Ps Pulled 40% of US Permits in May
Private E&Ps are keeping pace with public operators in taking permits for new-drill horizontals across the Lower 48, according to a research report. This post appeared first on Hart Energy.
Read More...US Court Overturns Alaska Oil Lease Sale in a Win for Environmentalists
The ruling affects a lease sale held in December 2022 of offshore tracts for oil and gas development in the Cook Inlet in the northern Gulf of Alaska. This post appeared first on Hart Energy.
Read More...Exxon’s Joliet Refinery Units Down for a Week, Plans for Restart in Late July, IIR Says
A severe storm passed through Joliet earlier this week, leaving thousands without power. This post appeared first on Hart Energy.
Read More...New PA Bill Gives Shale Landowners Same Tax Breaks as Investors
Pennsylvania mineral rights owners (i.e., landowners) are about to get a well-deserved tax break. Thanks to a bill recently passed by the PA legislature, Senate Bill (SB) 654, individual landowners will receive the same tax benefits afforded to investors. If a company buys mineral rights and the right to receive royalty payments from oil and…
Read More...PA House RINO in Fayette Co. Continues NIMBYism re Carbon Capture
Last fall, MDN shared the sad news that Pennsylvania State Rep. Charity Grimm Krupa (Republican In Name Only from Fayette County) had turned against the Marcellus industry (see Anti-Marcellus RINO Intros Bill to Block All PA Injection Wells). Krupa introduced legislation that would ban the drilling of new wastewater injection wells in the state, making…
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