Enbridge Among Growing List of Earnings Boosted by Acquisitions
Enbridge’s utilities acquisitions and gas transport growth helped to drive earnings in the third quarter. This post appeared first on Hart Energy.
Read More...EIV Capital: Opportunities Abound for Investors in Midstream Sector
Here are the metrics that midstream financiers look for in a mature industry. This post appeared first on Hart Energy.
Read More...Kimmeridge, Commonwealth LNG Seeking MiQ Certification
The guidance provided by MiQ will support Kimmeridge’s initiative to deliver “wellhead-to-water” gas that is net-zero on Scope 1 and 2 greenhouse-gas emissions. This post appeared first on Hart Energy.
Read More...Energy Transition in Motion (Week of Nov. 1, 2024)
Here is a look at some of this week’s renewable energy news, including progress on the largest U.S. offshore wind project being developed. This post appeared first on Hart Energy.
Read More...ConocoPhillips Hits Permian, Eagle Ford Records as Marathon Closing Nears
ConocoPhillips anticipates closing its $17.1 billion acquisition of Marathon Oil before year-end, adding assets in the Eagle Ford, the Bakken and the Permian Basin. This post appeared first on Hart Energy.
Read More...US Oil, Gas Rig Count Unchanged this Week
The oil and gas rig count held at 585 to Nov. 1. Baker Hughes said that puts the total rig count down 33 rigs, or 5% below this time last year. This post appeared first on Hart Energy.
Read More...Dividends Declared the Week of Oct. 28
Here is a compilation of dividends declared this week for select upstream, midstream and downstream companies. This post appeared first on Hart Energy.
Read More...Exxon, Chevron Beat 3Q Estimates, Output Boosts Results
Oil giants Chevron and Exxon Mobil reported mixed results for the third quarter, with both companies surpassing Wall Street expectations despite facing different challenges. This post appeared first on Hart Energy.
Read More...17 New Shale Well Permits Issued for PA-OH-WV Oct 21 – 27
For the week of Oct 21 – 27, there were 17 permits issued to drill Marcellus/Utica wells, up from 14 permits issued the prior week. The Keystone State (PA) had 12 new permits, with five going to Chesapeake Energy (now Expand Energy) in Wyoming County and two each for PennEnergy Resources (Beaver County) and Coterra…
Read More...Antero Resources Production Down 2%, Lost $20 Million in 3Q
Antero Resources, which is 100% focused on the Marcellus/Utica with over 500,000 net acres under lease (and the largest M-U driller in West Virginia), issued its third quarter 2024 update yesterday. The company reports net production averaged 3.4 billion cubic feet equivalent per day (Bcfe/d) during 3Q24, a decrease of 2% year-over-year. Of the company’s…
Read More...Williams Files with FERC to Expand Mighty Transco Pipe in Southeast
Last November, MDN brought you the news that pipeline giant Williams planned to proceed with a new Transco pipeline expansion project called the Southeast Supply Enhancement Project (see Transco Expansion to Add 1.4 Bcf/d Capacity to Flow M-U Gas South). The project was estimated to flow an extra 1.43 Bcf/d (billion cubic feet per day)…
Read More...Same Two Enviro Groups Sue Shell Cracker for 2nd Time in 17 Months
In May 2023, two radicalized Big Green groups—the Environmental Integrity Project (based in D.C.) and the Clean Air Council (based in Philadelphia)—filed a lawsuit against the Shell Polymers Monaca Plant (ethane cracker plant in Beaver County, PA), claiming the plant has repeatedly violated federal air pollution limits (see Radical Antis File Lawsuit Aiming to Shut…
Read More...Report: Natural Gas is the #1 Choice for Electric Grid Stability
Since 2014, the share of U.S. electricity generation from natural gas in the summer has increased every year, increasing from 29% in 2014 to 45% in 2024 (see U.S. NatGas-Fired Electricity Hit New Record High in Summer ’24). According to data from the U.S. Energy Information Administration (EIA), 43% of U.S. electricity was generated with…
Read More...Likely Data Ctr Elec. Demand in Exelon Territory Doubled This Year
Almost overnight, the conversation concerning power use in the U.S. changed. For years and years, electric power demand has been fairly static. Then, seemingly from nowhere, came the rise of AI and data centers, which are power-hungry. A year ago, we weren’t talking about data centers. Now, hardly a day goes by without a story…
Read More...Other Stories of Interest: Fri, Nov 1, 2024
NATIONAL: Oil futures benefit from stronger than expected U.S. fuel demand; Share of natgas production in U.S. tight oil plays increased over last decade; Will AI drive a nuclear renaissance, or a natural gas boom?; Ford to pause production of F-150 Lightning; SEC climate rule unlikely to survive a Trump victory; INTERNATIONAL: Oil jumps as…
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