UK Government Vows to “Max Out” the North Sea With Hundreds of New Oil and Natural Gas Licenses

Ohio River Corridor

E&P Highlights: Aug. 7, 2023

Here’s a roundup of the latest E&P headlines including decommissioning activities in Europe and contract awards for a West Africa project. This post appeared first on Hart Energy.

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National Climate Litigation Campaign Targets Pennsylvania, Faces Uphill Battle

A wealthy national anti-fossil fuel organization that recruits municipal and state plaintiffs to file lawsuits against energy companies for the effects of climate change now appears to have its sights on Pennsylvania, America’s second largest natural gas producing state. The effort to encourage local officials to sue American energy companies will surely be a tough

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What’s new this week | August 7, 2023

Workplace safety is the theme of the week! In our special report, panelists at the recent 2023 Environmental Health and Safety Summit stressed a culture of safety from management down and shared tips to keep workers motivated on safety protocols.  From the cover: Barbie might have hit the $1 billion-mark at the box office this weekend,

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Southwestern Scaling Back – Drilling, Completing 10-15 Fewer Wells

Southwestern Energy, with major assets in the Marcellus/Utica and Louisiana Haynesville, issued its second quarter 2023 update late last week. The company generated $231 million in net income for the quarter versus profiting $1.2 billion in 2Q22. Like other gas drillers, the price of natural gas dropping into the basement over the past eight months…

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EOG Essentially Confirms DT Midstream Building Its Utica Pipeline

In 2020, EOG Resources, one of the largest oil and gas drillers in the U.S. (with international operations in Trinidad and China), sold *all* of its Marcellus assets, which were located in Bradford County, PA, to Tilden Resources for $130 million (see EOG Resources Sells Marcellus Assets for $130M, Exits Basin). EOG left the M-U…

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U.S. Rig Count Drops Another 5 Rigs, M-U Loses 1 More Rig

For the fourth week in a row and the 13th time in the last 14 weeks, the U.S. active rig count lost rigs. It’s grueling. Last week the number decreased by five rigs after falling five rigs the week before–now down to 659 active rigs across both oil and gas. The Marcellus dropped one rig…

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