Energy Transition in Motion (Week of May 10, 2024)
Here is a look at some of this week’s renewable energy news, including $1.5 billion in investment commitments for low-carbon energy initiatives. This post appeared first on Hart Energy.
Read More...Geothermal Energy Talk Rises to the Surface at OTC
Experts discuss what it’ll take to advance geothermal energy and bring scale to the emerging power source. This post appeared first on Hart Energy.
Read More...16 New Shale Well Permits Issued for PA-OH-WV Apr 29 – May 5
Two weeks ago, during the week of April 22 – 28, there were 26 new permits issued to drill in the Marcellus/Utica. Last week, for April 29 – May 5, there were just 16 new permits issued. Encino Energy was the top receiver of permits with 7 permits between two counties: Carroll and Harrison, both…
Read More...Ascent Resources 1Q: Production Up 2%, Net Income Down 92%
Ascent Resources, founded as American Energy Partners by gas legend Aubrey McClendon, is a privately held company focusing 100% on the Ohio Utica Shale. Ascent, headquartered in Oklahoma City, OK, is Ohio’s largest natural gas producer and the 8th largest natural gas producer in the U.S. The company issued its first quarter 2024 update yesterday….
Read More...Epsilon Energy 1Q: Production Down Due to Chesapeake Curtailments
Epsilon Energy issued its first quarter 2024 update yesterday. Epsilon, a relatively small company, used to concentrate most of its effort on developing Marcellus Shale wells. However, over the past few years, the company has expanded into other plays and now owns assets in the Anadarko (Oklahoma and Texas) and the Permian (Texas and New…
Read More...Extremist Democrats Intro Gov. Shapiro’s Energy Plan with 4 Bills
In March, Pennsylvania Gov. Josh Shapiro traveled to Scranton, PA, to announce a proposal to “immediately pull Pennsylvania out of a multi-state carbon cap-and-trade program” (the so-called Regional Greenhouse Gas Initiative, or RGGI) and instead enroll PA in its very own RGGI-like carbon tax program (see PA Gov. Shapiro Proposes Own Version of Marcellus-Killing Carbon…
Read More...Pretend Evangelical Christians Want PA to Dump Fossil Energy
The environmental left is now attempting to co-opt the term “Evangelical Christian,” defined as protestants who tend to be pro-life and conservative in their political views. We’re here to expose them for who they really are. We’re talking about the so-called Evangelical Environmental Network (EEN) that keeps trying to pressure Pennsylvania to adopt unreliable renewable…
Read More...Enbridge Pre-Selling Peak Storage at Dawn Hub for 2025
Canadian-based Enbridge operates, among many other assets, the Dawn Hub in the Canadian province of Ontario. Located in southwestern Ontario, Dawn, with 288 Bcf (billion cubic feet) of gas storage, provides shippers with direct access to North America’s major supply basins — including the Utica and the Marcellus. The Dawn Hub is connected to a…
Read More...NGSA Summer Outlook: Low Natural Gas Prices This Summer
U.S. natural gas demand will remain at record high levels this summer, driven by power market consumption and exports, but prices will decline from last year due to a production increase and higher storage levels, according to the annual Summer Outlook report published yesterday by the Natural Gas Supply Association (NGSA). According to NGSA, “summer”…
Read More...Other Stories of Interest: Fri, May 10, 2024
OTHER U.S. REGIONS: New polling shows 3 in 4 voters believe natgas is essential; Natgas company owner sentenced in federal conspiracy case; NATIONAL: JP Morgan analysts talk Trump 2.0 and commodity impact; Propane prices were slightly lower this winter compared with last; Build it, and the wind won’t come; INTERNATIONAL: UK shelves hydrogen town trial;…
Read More...Chord Juggles Closing $4B Enerplus Deal, Plans to Drill 4-mile Laterals
Chord Energy expects to close its Enerplus acquisition by the end of May but, for now, is focused on three-mile and, eventually, four-mile laterals in the Williston Basin. This post appeared first on Hart Energy.
Read More...New Permian Math: Vital Energy and 42 Horseshoe Wells
Vital Energy anticipates making 42 double-long, horseshoe-shaped wells where straight lines would have made 84 wells. The estimated savings: $140 million. This post appeared first on Hart Energy.
Read More...Magnolia Bolts-on 27,000 Acres in South Texas’ Giddings Field
Magnolia Oil & Gas said it paid $125 million to a private operator to acquire the acreage, which has minimal production. This post appeared first on Hart Energy.
Read More...Tetra Tech Acquires Convergence Controls & Engineering
Tetra Tech is acquiring Convergence Controls & Engineering to expand its digital water and energy offerings. This post appeared first on Hart Energy.
Read More...Energy Transfer Remains Hungry for M&A, Sees 1Q Oil Volumes Surge
Energy Transfer reported record first-quarter crude volumes and expects demand for petrochemicals to continue rising. This post appeared first on Hart Energy.
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