Plains All American Bolts-on Permian Pipeline
Plains All American Pipeline LP purchased a 43% interest in Diamondback Energy’s OMOG JV LLC for $225 million. This post appeared first on Hart Energy.
Read More...Dril-Quip Acquires Great North Wellhead
Dril-Quip has acquired Great North Wellhead and its subsidiaries for approximately $80 million in an all-cash transaction. This post appeared first on Hart Energy.
Read More...The Third Mile: Chord Energy’s Longer Laterals Pay Off in Bakken
Chord Energy announces more divestitures and showcases results of longer laterals, which produce a third more than two-mile wells, CEO Daniel Brown said. This post appeared first on Hart Energy.
Read More...Southwestern Energy Closes Non-core Utica Divestiture
Proceeds from Southwestern Energy’s Utica divesture will go towards paying off the company’s $4.05 billion debt. This post appeared first on Hart Energy.
Read More...US Drillers Cut Oil Rigs for Eighth Week in a Row: Baker Hughes
Oil rigs in the U.S. dropped to 525 this week, while gas rigs were left unchanged, ending the week at 128. This post appeared first on Hart Energy.
Read More...Vantage Plastics invests $31M to remodel Michigan facility
Standish, Mich.-based Vantage Plastics is investing $31 million to remodel a facility in Bangor Township, Mich., to meet increased demand across market segments. This post appeared first on Plastics News.
Read More...Tupperware buys more time with debt restructuring
The maker of iconic food storage containers had warned about financial problems earlier this year. This post appeared first on Plastics News.
Read More...TotalEnergies Among Investors in Zhero Europe Renewable Energy Projects
A spate of companies including TotalEnergies, Baker Hughes and Technip Energies signed a preliminary agreement to invest in Zhero Europe’s renewable energy projects. This post appeared first on Hart Energy.
Read More...Green investors see growing anti-ESG mood in plastics votes
Some high-profile plastics shareholder resolutions received less support this year at public companies, amid a pushback against environmental, social and governance measures. This post appeared first on Plastics News.
Read More...Seneca Shifts Focus to Drilling Utica Wells in Northcentral PA
National Fuel Gas Company (NFG), headquartered in Buffalo, NY, is the parent company for Marcellus/Utica driller Seneca Resources and the parent of midstream company Empire Pipeline. Yesterday, NFG issued its latest quarterly update. NFG operates on a weird fiscal year system. This latest update is for the company’s third quarter, which would be everybody else’s…
Read More...Williams Plans to Boost Transco South of MVP by 800 MMcf/d
Williams, one of the largest pipeline companies in the world, issued its second quarter update yesterday. The company reported 2Q23 net income of $515 million, up 5% from 2Q22. The company had record high gathering volumes of 18.03 Bcf/d. The company provided updates for two important Marcellus/Utica projects. (1) Williams continues constructing the Regional Energy…
Read More...PA Supremes Consider if DEP Can Regulate FERC Compressor Station
Adelphia Gateway is a project converting an old oil pipeline into a natural gas pipeline. The project stretches from Northampton County, PA, through Bucks, Montgomery, and Chester counties, terminating in Delaware County at Marcus Hook. The project converted 50 miles of an existing 84-mile pipeline from oil to natural gas. The northern 34 miles of…
Read More...Olympus Applies for Permit to Build 5th Well Pad in Upper Burrell
Last November, Upper Burrell (Westmoreland County, PA) town supervisors held a hearing, and following that hearing, voted unanimously to approve a new well pad proposed by Olympus Energy (see Olympus Energy’s 4th Upper Burrell Well Pad Wins Unanimous Approval). It was the fourth such well pad approved by the town. Olympus is back and has…
Read More...EIA: U.S. Energy Spending in 2021 Balooned, Up 25% Over 2020
The U.S. Energy Information Administration (EIA) published a post noting the increase in the use of energy in the U.S. from 2020 to 2021. Energy usage increased by 25%, adjusted for inflation, in 2021. Why? In 2020 we were deep in the throes of lockdowns due to COVID. Nobody was going anywhere, pretty much, which…
Read More...NJ BPU Uses Bribes & Threats to Force Residents to Dump NatGas
When a government bureaucrat says, “We’re not coming for your gas stove,” you know what that means, right? It means just the opposite. It means they ARE coming for your gas stove. On July 26, the New Jersey Board of Public Utilities (BPU) voted in an “open” meeting to adopt new regulations to “decarbonize” buildings…
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