Natural gas M&A may be heating up as Barnett Shale-focused E&P BKV Corp. sold interests in gassy northeast Pennsylvania properties for nearly $132 million, according to regulatory filings. This post appeared first on Hart Energy.
Read More...The oil and gas rig count, an early indicator of future output, fell by one to 584 in the week to July 12. This post appeared first on Hart Energy.
Read More...Atlantic Shores, a joint venture between Shell and EDF Renewables, would become the initial provider of offshore wind for New Jersey. This post appeared first on Hart Energy.
Read More...The ADCC Pipeline will source volumes from the Permian Basin, Eagle Ford Shale and Texas Gulf Coast for transport to Cheniere’s Corpus Christi LNG facility. This post appeared first on Hart Energy.
Read More...Ports along the Gulf Coast, which had closed ahead of the hurricane, have largely resumed operations and vessel traffic. This post appeared first on Hart Energy.
Read More...U.S. natural gas futures rose more than 2% on July 12 after touching their lowest in close to two-months earlier. This post appeared first on Hart Energy.
Read More...Operators and investors are more concerned than ever about the remaining inventory of drillable locations. Who has it? Where is it? Will it be economic? The North American inventory rankings by shale play are always of interest. Enverus Intelligence Research (EIR), a subsidiary of Enverus, recently issued a report that ranks the plays by the…
Read More...In January 2023, Ohio House Bill (HB) 507 became law with the signature of Gov. Mike DeWine (see OH Gov. Signs Bill Expanding Drilling in State Parks, NatGas “Green”). The new law allows shale drilling under (but not on top of) Ohio state-owned land, including state parks. HB 507 encourages (pushes for) more drilling under…
Read More...Investment manager Redwheel agreed to purchase London-based Ecofin’s assets, which reached approximately $1.4 billion as of May 31. This post appeared first on Hart Energy.
Read More...A civil war in the Pennsylvania environmental movement is not getting any attention from mainstream media. Why are we not surprised? We told you about the civil war earlier this week (see PA Antis Split Over Issue of Carbon Capture & Sequestration). One set of environmentalist wacko groups, including the Pennsylvania Environmental Council, Environmental Defense…
Read More...Permitting in Pennsylvania overseen by the Dept. of Environmental Protection (DEP) has been a hot mess for years. A Chapter 102 Erosion and Sedimentation permit sometimes takes two, three, or even six to eight months for approval — instead of the law-mandated 14 days. It got so bad that in the fall of 2019, PA…
Read More...The Heinz Endowments, the “legacy” of former Senator and Heinz ketchup baron John Heinz (a Republican!), continues to fund virulent, wildly left anti-fossil fuel groups. Two days ago, Heinz announced another $9.3 million in grants. The vast majority of the money was given to groups that actively attack the Marcellus industry, including PennFuture ($400,000), PennEnvironment…
Read More...On Tuesday, we told you that Freeport LNG closed its export plant on Sunday in anticipation of Hurricane Beryl hitting the Texas Gulf Coast (see Surprise! Freeport LNG Exports Shut Down Due to Hurricane Beryl). As of yesterday, the plant remained offline due to power outages in the region. Beryl came ashore in the area…
Read More...The liquefied natural gas (LNG) trade increased 3.1% globally in 2023 to an average of 52.9 billion cubic feet per day (Bcf/d), an increase of 1.6 Bcf/d from 2022, according to a recently released report from the International Group of Liquefied Natural Gas Importers (GIIGNL). Expanded export and import capacity and increasing natural gas demand…
Read More...NATIONAL: Front month NYMEX natural gas fell 2.62% to settle at $2.2680; BP wins key ruling in City of Baltimore climate change lawsuit; Jobs report shows gains in oilfield services outpace 2023 growth; INTERNATIONAL: Oil rises as US summer demand signs outweigh IEA estimate; Visualizing natural gas reserves by country; Institutional investors hold $4.3 trillion…
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