Industry News

E&P Highlights: Feb. 10, 2025

Here’s a roundup of the latest E&P headlines, from a Beetaloo well stimulated in Australia to new oil production in China. This post appeared first on Hart Energy.

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National Rig Count Gains 4 @ 586; M-U Count Steady @ 34

For the second week in a row, the Baker Hughes U.S. rig count regained some of the rigs lost in prior weeks. Two weeks ago, the rig count gained six rigs (see National Rig Count Gains 6 @ 582; M-U Count Steady @ 34). Last week, the rig count gained another four rigs to 586….

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NY DEC Approves Iroquois Pipe Expansion…With $1.5M “Contribution”

You can include this in one of the Lesser Miracles. Last Friday, at the direction of New York Governor Kathy Hochul, her Department of Environmental Conservation (DEC) approved permits to expand two Hudson Valley compressor stations along the Iroquois gas pipeline. The Iroquois Gas Transmission’s Enhancement by Compression (ExC) project will increase horsepower at three…

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2 Parallel Miss. Pipes Promise to Flow More M-U Molecules for LNG

Last December, MDN told you about two new pipeline projects that cross the state of Mississippi that promise to bring more Marcellus/Utica molecules to LNG export facilities in Louisiana and the Gulf Coast. Boardwalk Pipelines wants to build the 110-mile Kosciusko Junction Pipeline Project (see Boardwalk FID on Pipe to Carry M-U, Haynesville Gas to…

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Expand Energy CFO Says LNG is Durable While AI Demand is Volatile

Expand Energy is the new company formed from the merger of Chesapeake Energy with Southwestern Energy. Expand is essentially Chesapeake Energy 2.0. Expand CFO Mohit Singh spoke at last week’s 2025 NAPE Summit in Houston. He had some fascinating things to say, including this: “Just to be clear, in our view, at least 75% of…

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2 Serious Bills in Congress to Overturn Biden Methane Tax

In 2022, after the shocking news that U.S. Senator Joe Manchin (from West Virginia) had sold out his state and the entire country by agreeing to support the misnamed Inflation Reduction Act (IRA) bill, the details began to come out about just how bad the bill really is for the oil and gas industry. First…

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Mudrovaxis App Review & Scam-Check: Facts To Know!

The advent of crypto trading has changed the way we handle finances. Its decentralized nature allows users to get past government-imposed restrictions and conduct cheaper and faster transactions. Another major factor why millions of people have stepped into crypto trading is that it can generate huge returns in a short time.  With crypto being highly

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Halcon Resources devising new strategic, financial plans

      Halcon Resources reported a first quarter 2019 net loss of $336.6 million, or $2.12 per diluted share, as it develops new strategic and financial plans, Kallanish Energy reports. That compares to a Q1 2018 net loss of $2.6 million, or 2 cents a share. The Denver-based company said it generated total revenue of

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Invictus signs Zimbabwe gas sales pact

      Independent oil and gas company Invictus Energy announced Tuesday a Memorandum of Understanding (MoU) with a Zimbabwe-based manufacturer for 20 years of natural gas, Kallanish Energy learns. The gas will come from the Cabora Bassa project, in the onshore Cabora Bassa Basin in Zimbabwe, a joint venture by Invictus (80% ownership) and

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UK oil and gas production projected to grow

      Oil and gas production in the UK is set to grow over future decades, as a report published Monday by the British Oil and Gas Authority (Oga) shows higher projections than previously released offered, Kallanish Energy learns. Last year’s increase in both oil and gas production was 4%, or 1.7 million barrels of oil-equivalent per day

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