CNX Resources announced yesterday it had struck a deal to buy the assets of Apex Energy II, LLC, a portfolio company of funds managed by Carnelian Energy Capital Management, for $505 million. Apex owns wells, acreage, and pipelines in Westmoreland County, PA. The Apex assets are close to, in some cases adjacent to, CNX’s considerable…
Read More...One month ago, National Fuel Gas Company (NFG) CEO David Bauer confirmed that his company had given up after battling for 10 years to build the Northern Access Pipeline, a 97-mile pipeline from McKean County in Pennsylvania into and through Allegany, Cattaraugus, and Erie counties in New York that would have flowed Marcellus gas into…
Read More...Did we nail it, or did we NAIL it? Two days ago, the Josh Shapiro Department of Environmental Protection (DEP) puffed out its chest to announce it was donating $600,000 to 12 leftist organizations to promote “environmental justice” (EJ) in Pennsylvania (see PA Gov. Shapiro’s DEP Blows $600,000 on “Enviro Justice” Grants). EJ is anti-drilling…
Read More...Come and get it! Only ten companies have applied to plug 77 orphaned wells in Pennsylvania as part of $44.4 million allocated for PA’s Methane Emissions Reduction Program (MERP) grant program. By our calculations, more than $41 million remains in the pot unclaimed. However, the clock is ticking. There is a Dec. 16 deadline to…
Read More...The research arm of Enverus (formerly Drillinginfo), one of the most trusted, energy-dedicated SaaS platforms offering real-time access to analytics, insights, and benchmark cost and revenue data, earlier this week published a new report on the Utica Shale. The report specifically discusses Utica oil—the production performance for Utica wells, and the economics of the play….
Read More...Kolibri Global Energy Inc., an operator in the Tishomingo Field in Oklahoma, reported strong performance at its Alicia Renee well pad. This post appeared first on Hart Energy.
Read More...The country’s largest electric grid, PJM Interconnection, which covers all or parts of 13 states, including PA, OH, and WV, has made changes to how it decides which new power plants can connect to the system. The new policy *favors* adding natural gas-fired power over other types of power like unreliable solar and wind. The…
Read More...OTHER U.S. REGIONS: Hawaii County official admits climate lawsuits are “another source of funding”; N.C. town accuses utility giant of deceiving the public on climate change; NATIONAL: Harvard set up worthless carbon offsetting scheme that sold millions of junk credits; Gas-fired generation likely needed to maintain reliability for years; Oilfield service consolidation to increase under…
Read More...The Organization of the Petroleum Exporting Countries and its allies on Dec. 5 pushed back the start of oil output rises by three months until April. This post appeared first on Hart Energy.
Read More...BP is seeking buyers for a stake in its U.S. natural gas pipeline network, sources say. This post appeared first on Hart Energy.
Read More...Concerns on remaining inventory are a big driver of M&A activity, but improving drilling efficiencies allow for low rig counts to keep high production, says Dan Pickering, the chief investment officer of Pickering Energy Partners. This post appeared first on Hart Energy.
Read More...As temperatures across Europe plummet this winter, people around the continent are reminded of the importance of a secure supply of natural gas to keep their homes warm. In November, Europe’s natural gas storage capacity was 95 percent full, marking a recognition from policymakers that significant levels of natural gas will be needed to ensure
Read More...As the world moves toward a greener, more sustainable energy future, the United Kingdom faces a significant challenge: managing excess energy from renewable sources like wind power. This issue, driven by grid congestion, is costing the country billions. However, a surprising solution may lie in the world of cryptocurrency. Bitcoin mining, often criticized for its
Read More...Roosevelt Resources, which is developing an EOR project in the Texas Permian Basin, aims to go public through a reverse merger. This post appeared first on Hart Energy.
Read More...Digital data points have transformed from a byproduct of operations to the main driver of innovation in the energy industry, says Fabricio Sousa, president of Worley Consulting. This post appeared first on Hart Energy.
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