Last Friday, MDN told you about a problem brewing that will block new hydrogen projects from getting built in the Marcellus/Utica (see Biden IRS 45V Tax Rule Endangers Hydrogen Hub Projects in M-U). It’s an obscure tax rule known as the 45V tax credit, part of the misnamed Inflation Reduction Act (IRA). The Bidenistas at…
Read More...One month ago, MDN told you that although the New York Senate had passed a bill already passed by the Assembly to ban the use of carbon dioxide in shale drilling (so-called “CO2 fracking”), Democrat Gov. Kathy Hochul, a reliable anti-fossil fueler, had still not signed the bill into law (see 2 Mo. After NY…
Read More...The past decade has been difficult for the San Juan Basin, which suffered from a lack of activity and exits by major operators. But experts say inventory-hungry operators shouldn’t overlook the San Juan’s long-term potential. This post appeared first on Hart Energy.
Read More...The two FPSOs will be deployed by Petrobras in the eastern part of the Santos Basin, 200 km offshore Rio de Janeiro. This post appeared first on Hart Energy.
Read More...Appalachian Basin E&Ps are expected to ramp up production for the Equitrans-operated Mountain Valley Pipeline by 2025 — although, near term, only about 38% of the line’s capacity is expected to be used, an analyst said. This post appeared first on Hart Energy.
Read More...Here is a look at some of this week’s renewable energy news, including a move by tech powerhouse Google to procure more geothermal energy. This post appeared first on Hart Energy.
Read More...SLB and Aker Carbon Capture have closed a deal to combine technology portfolios for carbon capture solutions. This post appeared first on Hart Energy.
Read More...Baker Hughes said the total rig count is down 97 rigs, or 14%, below this time last year. This post appeared first on Hart Energy.
Read More...TotalEnergies is selling its subsidiary TotalEnergies EP (Brunei) BV, which owns interests and is the operator for a mature field offshore Brunei. This post appeared first on Hart Energy.
Read More...Texas Pacific Land’s $10 per share dividend will cost the company approximately $230 million. This post appeared first on Hart Energy.
Read More...After initially leasing the Aurora FSO, Valeura Energy decided to purchase the vessel for $19 million. This post appeared first on Hart Energy.
Read More...Phillips 66’s sale to Tallgrass will generate $685 million in proceeds following debt and equity adjustments. This post appeared first on Hart Energy.
Read More...Two weeks ago, 31 new permits were issued to drill in the Marcellus/Utica region. Last week, June 3 – 9, the number dropped (dramatically) by 77% to just seven new permits. And that seems to be the pattern: Way up one week, way down the next. Last week, for the second week in a row,…
Read More...Kentucky is not known as a hotbed of shale drilling activity. The Marcellus/Utica does not extend under the Bluegrass State. However, as we wrote about back in 2017, Kentucky does have the Berea Sandstone, which contains oil deposits (see Fracking Comes to Kentucky – Encore Drills First Horizontal Oil Wells). In 2017, we brought you…
Read More...In a clear case of sour grapes for the U.S. Court of Appeals for the Fourth Circuit (4th Circus clowns) who tried to block the 303-mile Mountain Valley Pipeline (MVP) by rendering arbitrary decisions that caused years of delays for the pipeline, the court flipped the bird to MVP one last time in a decision…
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