Baker Hughes Increases Quarterly Dividend
Baker Hughes’ board declared an increased quarterly dividend amounting to $0.20 per share payable on Aug. 18. This post appeared first on Hart Energy.
Read More...Amcor Flexibles workers on strike in Iowa
Unionized employees walked off the job July 29 after bargaining broke down regarding pay, the last remaining issue during negotiations. This post appeared first on Plastics News.
Read More...Techmer PM buys Advanced Color Technologies
Materials firm Techmer PM is acquiring color and additive compounder Advanced Color Technologies LLC. This post appeared first on Plastics News.
Read More...ESG Strategies: Wood’s Devil in the Details with CCS [WATCH]
Transporting huge volumes of CO2, tracking impurities in the system and managing carbon systems in varied geographies—Wood’s experts on how they plan to make the complicated process work. This post appeared first on Hart Energy.
Read More...Ravago, Republic form post-consumer plastics JV
Blue Polymers LLC will build and operate plants that will generate 100 percent post-consumer material. This post appeared first on Plastics News.
Read More...Closure molder Novembal USA shutting down
The move to close three locations — two in the United States and one in Canada — means more than 100 job losses. This post appeared first on Plastics News.
Read More...Ovintiv Integrates $4.2B Midland Basin Acquisition in Q2
Ovintiv’s well “outperformance” in the second quarter led the company to an average production of 573,000 boe/d throughout the quarter. This post appeared first on Hart Energy.
Read More...Baerlocher to host second annual recycling summit
The free event is scheduled for Aug. 22-23 in Cincinnati and is aimed at improving plastics recycling across the value chain. This post appeared first on Plastics News.
Read More...CNX 2Q Delights with $475M Net Profit, Drills 10 New SWPA Wells
Last week CNX Resources issued its second quarter 2023 update. In stark contrast to other big Marcellus/Utica drillers, which lost money in 2Q, CNX generated $475 million of net income (nearly half a billion dollars!)–versus generating $33 million in profit for the same quarter last year. Derivatives seemed to make the difference. In 2Q22, CNX…
Read More...U.S. Rig Count Drops Another 5 Rigs, M-U Loses 2 More Rigs
For the third week in a row and the 12th time in the last 13 weeks, the U.S. active rig count lost rigs. Last week the number decreased by five rigs after falling six rigs the week before (see U.S. Rig Count Drops Another 6 Rigs, Now Lowest Level in 16 Mos.). Both the Marcellus…
Read More...PA Superior Court Tosses $2.4M Arbitration Award Against PennEnergy
This is a cautionary tale of choosing your joint venture partner carefully. The Pennsylvania Superior Court threw out a $2.4 million arbitration award against Marcellus driller PennEnergy in a business dispute in a precedential ruling last week. The Superior Court judges overruled an award by an arbitrator. PennEnergy maintained the case should never have been…
Read More...WV NatGas Property Tax Rule Still a Mess, 303 Cases Appealed
The West Virginia State Legislature passed House Bill (HB) 2581 on the last day of the annual WV legislative session in April 2021. HB 2581 required the State Tax Commissioner to develop a revised methodology to value oil and natural gas properties for the purpose of assessing property taxes. The State Tax Department submitted an…
Read More...EQT Donates $500K to Wisecarver Reservoir Project in Greene Co.
EQT Corporation, the largest natural gas producer in the U.S., recently donated $500,000 to the Wisecarver Reservoir Recreation Project near Waynesburg in Greene County, PA. The project will develop the 360 acres around the reservoir into a destination for families and outdoor enthusiasts. EQT has major drilling operations in Greene County, and according to EQT…
Read More...NHTSA’s New Vehicle Emissions Standards Part of a “Suite of Climate Policies” to Force EV Adoption
Last week, the National Highway Traffic Safety Administration (NHTSA) released its long-awaited vehicle emissions standards that complement EPA’s aggressive vehicle tailpipe emissions rule. NHTSA’s update to the CAFÉ standards was overseen by Acting Administrator Ann Carlson. Last year, Carlson was nominated by President Biden to lead NHTSA, but her nomination was pulled by the White
Read More...Bidenistas Plan to Destroy Oil and Gas Industry As API Dozes
Bidenistas Plan to Destroy Oil and Gas Industry As API Dozes Jim Willis on NGL Pipelines Editor & Publisher, Marcellus Drilling News (MDN) [Editor’s Note: The Bidenistas controlling the movements of our puppet President aim to obliterate the oil and gas industry as the API tries making nice to its wannabe killers.] The Bidenistas on Wednesday
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