Baker Hughes: US Drillers Keep Oil, NatGas Rigs Unchanged for Second Week
U.S. energy firms this week kept the number of oil and natural gas rigs unchanged for the second week in a row. This post appeared first on Hart Energy.
Read More...Allete Gets OK From FERC for $6.2B Sale to Canada Pension Plan, GIP
Allete Inc. announced its acquisition by the Canada Pension Plan Investment Board and Global Infrastructure Partners in May. This post appeared first on Hart Energy.
Read More...LandBridge Closes Deal for 46,000 Surface Acres in Delaware Basin
LandBridge Co., which held a successful IPO in August, added about 53,000 acres and now holds about 273,000 acres. This post appeared first on Hart Energy.
Read More...Dividends Declared Week of Dec. 16
As fourth-quarter 2024 nears its end, here is a compilation of dividends declared from select upstream, midstream and service and supply companies. This post appeared first on Hart Energy.
Read More...22 New Shale Well Permits Issued for PA-OH-WV Dec 9 – 15
For the week of Dec 9 – 15, permits issued in the Marcellus/Utica remained healthy. There were 22 new permits issued last week, down just a bit from the 28 issued the week before. The Keystone State (PA) issued 17 new permits, with the bulk of them, 11, going to a single driller, PennEnergy Resources,…
Read More...Details for Surface Owners re Diversified Deal to Plug Wells
In November, MDN told you that Diversified Energy and EQT Corporation had settled a class action lawsuit originally brought by several West Virginia landowners (see EQT, Diversified Settle WV Class Action Lawsuit re Old Wells). Diversified and EQT are ponying up $3.25 million each ($6.5 million total) with requirements for Diversified to plug more wells…
Read More...Plum Boro to Hold Hearing on Proposed 2nd Injection Well
Penneco Environmental Solutions wants to build a second wastewater injection well in Plum Borough (Allegheny County), PA, next to an existing injection well. Penneco’s first wastewater injection well in Plum finally opened for business in mid-2021, overcoming all sorts of smears, slanders, and lawsuits by the enviro-left (see Plum Boro Injection Well in SWPA Now…
Read More...NYMEX NatGas Price Hits Highest Close in Almost 2 Years @ $3.58
Just yesterday, we noted the recent run-up in the NYMEX futures price for natural gas (see NYMEX NatGas Price Rose 5% Last 2 Days – 4th Highest Price in 2024). The run-up continued with the NYMEX “front month” price closing at $3.5840, the highest closing price since Tuesday, Jan. 17, 2023—nearly two years! Hinds Howard,…
Read More...TGP Announces FID on New 206-Mile Mississippi Crossing Pipe Project
We have news of a brand new greenfield pipeline project (a rarity these days) that has the potential to flow Marcellus/Utica molecules to the Southeastern U.S. Yesterday, Kinder Morgan’s mighty Tennessee Gas Pipeline (TGP) subsidiary announced a final investment decision (FID) to build the Mississippi Crossing Project (MSX Project) after securing long-term, binding transportation agreements…
Read More...Paisie: With Oil Prices, It’s All About the Economy
One of the keys to pricing is whether global conflicts curtail the flow of oil. They have not. This post appeared first on Hart Energy.
Read More...Energy Transfer’s Lake Charles LNG Still Alive – Deal w/Chevron
Just as the pandemic began to unfold in early 2020, Shell pulled out of a 50/50 joint venture partnership with Energy Transfer (ET) to build a new LNG export facility in Lake Charles, Louisiana (see Shell Pulls Out of Lake Charles LNG Project, Energy Transfer Stays). Kind of a boneheaded move on Shell’s part, if…
Read More...Other Stories of Interest: Fri, Dec 20, 2024
OTHER U.S. REGIONS: California gets federal clearance to ban new fossil fuel cars from 2035; NATIONAL: USA crude oil inventories drop WoW; Oil settles below $70 on stronger dollar; Barrasso says targeting gas exports act of a “bitter administration on its way out”; INTERNATIONAL: EU agrees to install up to 89 GW of offshore wind…
Read More...Battalion Oil Walks Away from Fury Resources Buyout
The Battalion Oil-Fury Resources merger had been in discussions for more than a year, but Battalion said Fury failed to meet financial deadlines to continue the talks. This post appeared first on Hart Energy.
Read More...Surge Closes on Divestment of Alberta Non-Core Gas Assets
Surge Energy said it has focused on developing its core Sparky and southeast Saskatchewan crude oil assets, leaving the Alberta non-core assets undercapitalized. This post appeared first on Hart Energy.
Read More...Kissler, Wyett: Trump Tariffs and Potential Energy Market Aftershocks
U.S. production and prices may increase; global cooperation may decrease; but Trump’s previous tariffs had less of an impact on import prices than the COVID pandemic. This post appeared first on Hart Energy.
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