E&P Highlights: June 10, 2024
Here’s a roundup of the latest E&P headlines, including a decline in global drilling activity and new contract awards. This post appeared first on Hart Energy.
Read More...Williams Asks FERC to Place More of Regional Energy Access Online
Williams’ Regional Energy Access Expansion (REAE) project involves expanding the mighty Transco pipeline in Pennsylvania and New Jersey to deliver an extra 829 MMcf/d of Marcellus gas to PA, NJ, and Maryland. Part of the project was completed and went online last year (see Williams 1Q—Regional Energy Access Pipe Coming Online Early). The balance of…
Read More...Immediate Demand for NatGas in Roanoke as Soon as MVP Goes Live
For all of the griping and complaining and moaning from the radical left (and uppity Virginia horse farmers) about the Mountain Valley Pipeline (MVP) being unnecessary and a blight against humanity, wonder of wonders, customers are WAITING for the gas that will flow through MVP! In fact, the CEO of Roanoke Gas Co. says “We…
Read More...MVP Restoration Work in Jefferson National Forest Begins
A major effort by the radical left to block the 303-mile Mountain Valley Pipeline (MVP) from crossing a piddly 3.5 miles of the Jefferson National Forest (JNF) failed. But not for lack of trying. Big Green paid protesters to sit in trees, chain themselves to cars, and all manner of illegal tactics to try and…
Read More...Columbia Gas M-U Trading Hub Now Untethered from NYMEX
The price of natural gas traded at the Henry Hub (HH) in Southern Louisiana is THE benchmark price used for the entire industry in the U.S. All other prices are compared to the HH. The HH serves as the official delivery location for futures contracts on the New York Mercantile Exchange (NYMEX). The hub is…
Read More...Onerous New EPA Regs Would Prevent Brand New OH Gas-Fired Plant
Last Thursday, MDN brought you the news that U.S. Senator Shelley Moore Capito (from West Virginia) and Congressman Troy Balderson (from Ohio) introduced a resolution to block the EPA’s latest attack against the natural gas industry (see 44 Senators, 138 House Mbrs Intro Resolution to Block EPA Power Reg). Using 1,020 pages of new regulations,…
Read More...Study: Time Running Out for FID on Next Permian NatGas Pipeline
To meet natural gas takeaway demand by 2026, a final investment decision on a new Permian Basin pipeline will be needed before the end of the year, according to Enverus analysis. This post appeared first on Hart Energy.
Read More...Exclusive: XCL Increases Production Amidst Lookout for More Inventory
XCL Resources is beginning its journey to acquire Altamont Energy, but in the meantime, the company is refining its operations in the Uinta Basin to find the perfect lateral length. This post appeared first on Hart Energy.
Read More...Business Groups Call Foul On Michigan AG’s Anticipated Lawsuit
The Michigan’s Attorney General’s office continues to face strong pushback from local leaders in response to its announcement last month that it is seeking outside counsel to help the state file a climate lawsuit against oil and gas producers. Most recently, a group of the state’s largest business organizations called the intended lawsuit a “dangerous and inappropriate use of a state
Read More...Petrobras to Reactivate ANSA Fertilizer Plant in Southern Brazil
Brazil’s state-owned Petrobras looks to restart operations at its Araucária Nitrogenados fertilizer plant, located in Brazil’s state of Paraná, in the second-half 2025. This post appeared first on Hart Energy.
Read More...TotalEnergies Reserves Hull for Development Offshore Suriname
TotalEnergies operates Block 58, with partner APA Corp., and expects to make a final investment decision in fourth quarter 2024, while initial production is slated 2028. This post appeared first on Hart Energy.
Read More...Energy Transition in Motion (Week of June 7, 2024)
Here is a look at some of this week’s renewable energy news, including the International Energy Agency’s forecast on clean energy investment reaching $2 trillion this year. This post appeared first on Hart Energy.
Read More...Diversified Closes $377MM Oaktree Acquisition
The acquisition grows Diversified Energy scale, margins and free cash flow with the bolt-on of interests in Oklahoma, East Texas and Louisiana. This post appeared first on Hart Energy.
Read More...A Slippery Mess: Are Oil, Gas Interests Regulated Securities?
The murky overlap between securities laws and oil and gas interests could land individuals and companies on the wrong side of a securities-related investigation. This post appeared first on Hart Energy.
Read More...Texas Startup Hopes Fourth Time’s a Charm to Build First Big US Oil Refinery Since 1977
Element Fuels Holdings, a Dallas-area startup proposing to build the first all-new U.S. oil refinery in nearly 50 years, on June 6 said it was relaunching efforts to build a large plant in South Texas. This post appeared first on Hart Energy.
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