Royale Energy has four producing wells, with a fifth and sixth being drilled and completed in Ector County, Texas, with plans to bring them online later this year. This post appeared first on Hart Energy.
Read More...Energy executives share insights and tips—look for red flags, run the “intercontinental flight test”—when forming lasting collaborative partnerships. This post appeared first on Hart Energy.
Read More...Here is a look at some of this week’s renewable energy news. This post appeared first on Hart Energy.
Read More...The oil and gas rig count, an early indicator of future output, held steady at 600 in the week to May 31. This post appeared first on Hart Energy.
Read More...The Enerplus transaction gives Chord Energy another decade of drilling runway in the Bakken Shale play—the nation’s second-largest oil field. This post appeared first on Hart Energy.
Read More...Earlier in May, the Federal Trade Commission gave the go-ahead to Exxon Mobil’s $60 billion purchase of Pioneer Natural Resources, but barred former Pioneer CEO Scott Sheffield from Exxon’s board on allegations he attempted to collude with OPEC to raise oil prices. This post appeared first on Hart Energy.
Read More...Coterra Energy announced a large layoff of employees at its GDS (GasSearch Drilling Services) Marcellus operation yesterday. GDS was founded in 2006 as a subsidiary of Cabot Oil & Gas (now Coterra Energy). GDS is based in South Montrose, PA, and provides services including pad site development, impoundment construction, water hauling, trucking, light equipment rental,…
Read More...Two weeks ago, 16 new permits were issued to drill in the Marcellus/Utica region. Last week, May 20-26, the number increased by two to 18. Two drillers tied for the top prize for most new permits. Chesapeake Energy received five new permits, all of them for drilling in Sullivan County, PA. Ascent Resources also received…
Read More...Anti-fossil fuelers and some residents with portions of the 303-mile Mountain Valley Pipeline (MVP) traversing their land are flooding the Federal Energy Regulatory Commission (FERC) with comments asking the agency to delay permission for MVP to be placed into service. The latest in-service date MVP outlined to FERC in a recent request for startup permission…
Read More...On Monday, the socialists of the European Union (EU) adopted into law a new regulation aimed at tracking and reducing methane emissions within the energy sector. The onerous new reg introduces new requirements for measuring, reporting, and verifying methane emissions. The reg mandates operators to measure emissions at the source and submit monitoring reports verified…
Read More...The U.S. Energy Information Administration (EIA) forecasts that the natural gas consumed for electricity generation this summer in the United States will reach near (or match) the record high set last year. In the agency’s May 2024 Short-Term Energy Outlook (STEO), EIA forecasts natural gas consumed to generate electricity will average 44.7 billion cubic feet…
Read More...According to Bloomberg News, commodities traders are “bracing for a record-smashing summer that will shake up commodities.” Bloomberg falsely states that people around the world “are already living through the havoc brought on by global temperatures that are breaking records.” Bloomberg ominously warns, “It’s about to get a lot worse.” Nothing sells like bad news,…
Read More...In a companion post today, we brought you Bloomberg’s prediction of $4 natgas this summer based on the false premise of wild, scorching heat from man-made global warming. Whatever. This post contains predictions by analysts with J.P. Morgan for the price of natural gas for the rest of this year and into 2025. J.P. Morgan’s…
Read More...NATIONAL: Sherwin-Williams launches erosion-resistant coating system for O&G; The EPA’s emissions rule will strangle AI in the crib; Should energy deniers be engaged or ignored?; INTERNATIONAL: Oil falls despite biggest us stockpile drop in five weeks; COP29 host set to propose levy on fossil fuels to fund climate action. Please Login to view this content….
Read More...ConocoPhillips and Marathon Oil—which both trace their roots to the breakup of John D. Rockefeller’s Standard Oil Trust more than a century ago—are combining in a $22.5 billion deal. This post appeared first on Hart Energy.
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