Appeals Court Rules Against Enbridge in Jurisdictional Fight on Line 5
Reform is needed to counter a litigate-on-all-fronts strategy, an industry analyst says. This post appeared first on Hart Energy.
Read More...EPA Approves Piñon Midstream Plan for CO2 Storage Project in New Mexico
Piñon Midstream’s two wells at its Dark Horse Treating Facility will inject greenhouse gases permanently underground. This post appeared first on Hart Energy.
Read More...Crestwood’s Wannarka Joins EnergyNet as CFO, COO
Wannarka brings public-equity finance, investment banking and investor relations experience to the upstream A&D brokerage. This post appeared first on Hart Energy.
Read More...Ohio About to Net $60+ Million for Drilling Under State Parks
A request by the Ohio Office of Budget and Management (OBM) to set up two new bank accounts to accept payments from drillers is the tipoff that drilling is about to begin under some of Ohio’s state land, including state parks. The state will receive nearly $60 million in lease signing bonus payments to drill…
Read More...Analysts Expect Only 38% of MVP’s 2 Bcf/d to be Used for Now
Everyone in the Marcellus/Utica industry is elated that the 303-mile Mountain Valley Pipeline (MVP) is finally up and running (see Confirmed: M-U Gas Now Flowing Through Mountain Valley Pipeline). MVP can flow 2 billion cubic feet per day (Bcf/d) of homegrown M-U molecules from Wetzel County, WV, to Pittsylvania County, VA, in the southcentral part…
Read More...NatGas Replacing Coal in PJM – Coal Use Dropped 68% in 10 Years
We often mention gas-fired power generation here on MDN for a reason — it’s a HUGE customer for the natural gas locally extracted. The more power plants we build in the Marcellus/Utica region, the more our gas stays right here at home (a win/win for everyone). The power grid that covers the M-U region is…
Read More...Dem Politicians Pressure NY Gov to Block Iroquois Pipe Expansion
The Food & Water Watch (FWW) organization (anti-fossil fuel fanatics) has taken point on the left’s effort to block Iroquois Gas Transmission’s plan to upgrade compressor stations in the Empire State. Iroquois’ Enhancement by Compression (ExC) project increases horsepower at three compression stations — two in New York and one in Connecticut — by an…
Read More...Grow Canada! Increased Production Boosts Energy Security
U.S. refineries drink in heavy crude, but domestic politics are always a hurdle. This post appeared first on Hart Energy.
Read More...E&P Highlights: June 17, 2024
Here’s a roundup of the latest E&P headlines, including Woodside’s Sangomar project reaching first oil and TotalEnergies divesting from Brunei. This post appeared first on Hart Energy.
Read More...Permian Surface-owner LandBridge to Raise up to $367MM in IPO
Houston-based LandBridge holds some 220,000 surface acres in the Delaware Basin. This post appeared first on Hart Energy.
Read More...States Sue US to Block Rule That Oil Firms Guarantee Payment to Dismantle Old Wells
The lawsuit was filed against the U.S. Bureau of Ocean Energy Management to block the proposed rule that would require the offshore oil and gas industry to cover costs of dismantling old infrastructure. This post appeared first on Hart Energy.
Read More...URTeC: E&Ps Tap Refrac Playbook for Eagle Ford, Bakken Inventory
Refracs and other redevelopment projects might not be needle-moving growth drivers—but they’re becoming more common for E&Ps levered in maturing plays like the Eagle Ford and Bakken, experts discussed at URTeC 2024. This post appeared first on Hart Energy.
Read More...Confirmed: M-U Gas Now Flowing Through Mountain Valley Pipeline
On Friday, Equitrans Midstream, the builder and majority owner of the 303-mile Mountain Valley Pipeline (MVP) that runs from Wetzel County, WV, to Pittsylvania County, VA, announced the pipeline has, after a decade of planning and building, finally begun to flow Marcellus/Utica molecules. Who is buying those molecules? We know of at least one company….
Read More...DC Circuit Rules Against FWW in KM Pipeline Expansion to NYC
Tennessee Gas Pipeline’s (TGP) plan to flow an extra 115 MMcf/d of Marcellus gas to Westchester County, NY, and New York City to be used for Consolidated Edison customers is called the East 300 Upgrade Project. The project took a giant leap forward in April 2022 when the Federal Energy Regulatory Commission (FERC) issued permits…
Read More...Ongoing Rig Count Disaster: U.S. Loses 4 @ 590, M-U Even @ 36
MDN told you the bottom had dropped out of the rig count two weeks ago (see Baker Hughes U.S. Rig Count Loses 6 @ 594, M-U Drops 2 @ 36). Last week, the drop continued to deepen. We call it free fallin’. The national combined oil and gas rig count dropped by another four to…
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