Range Resources Corporation, the very first company to drill a shale well targeting the Marcellus Shale layer in Pennsylvania (in 2004), issued its fourth quarter and full-year 2023 update yesterday. The company previously released operational details for 4Q23 (see Range Releases 4Q Production & Pricing Numbers, Proved Reserves). During 4Q, Range produced 2.2 Bcfe/d (billion…
Read More...Southwestern Energy, with major assets in the Marcellus/Utica and Louisiana Haynesville, issued its fourth quarter and full-year 2023 update yesterday. You may recall that Southwestern recently agreed to a deal to be acquired by and merged into Chesapeake Energy (see Deal is Done! Chesapeake & Southwestern Announce $7.4B Merger). Because of the impending merger, Southwestern…
Read More...While drilling in Chester County, PA, in August 2020 in the Marsh Creek State Park area, Energy Transfer’s (ET) Mariner East 2X pipeline experienced an “inadvertent return” — nontoxic drilling mud coming up out of the ground where it’s not supposed to (see Mariner East 2X Construction Causes Another Drilling Mud Spill). It took more…
Read More...The two-well Gulf of Mexico development will send 16,000 boe/d at peak rates to the Appomattox production semisubmersible. This post appeared first on Hart Energy.
Read More...Whether the Rockefellers are pitching climate litigation or climate change “Superfund” legislation, pragmatic local officials often see the pitch for what it is: an ideological campaign that benefits billionaire donors over every day Americans. As discussed on EID Climate yesterday, Maryland is one of four states considering climate Superfund bills, legislation that would force oil
Read More...SM Energy joined Birch Operations, EOG Resources and Callon Petroleum in applying the newest D&C intel to areas north of Midland and Martin counties. This post appeared first on Hart Energy.
Read More...Chord Energy and Enerplus are combining to create an $11 billion Williston Basin operator. The deal ends a long run in the Bakken for Enerplus, which bet on the emerging horizontal shale play in Montana nearly two decades ago. This post appeared first on Hart Energy.
Read More...There has been much discussion for more than a decade about the chemical additives used in hydraulic fracturing fluid and the disclosures associated with these chemicals. On both fronts, the natural gas and oil industry has consistently delivered in the name of transparency and accountability. Even so, every few years, a familiar group of activists
Read More...Air Liquide reported a net profit of €3.08 billion ($US3.33 billion) for 2023, up more than 11% compared to 2022. This post appeared first on Hart Energy.
Read More...Enterprise bought Western’s 20% interest in Whitethorn and Western’s 25% interest in two NGL fractionators located in Mont Belvieu, Texas. This post appeared first on Hart Energy.
Read More...The combined Diamondback-Endeavor deal is expected to realize $3 billion in synergies and have 12 years of sub-$40/bbl breakeven inventory. This post appeared first on Hart Energy.
Read More...Stonepeak will acquire a 50% interest in Dominion Energy’s offshore wind project, which is expected to be the largest offshore wind farm in the U.S. This post appeared first on Hart Energy.
Read More...Chesapeake Energy issued its fourth quarter and full-year 2023 update yesterday, complete with commentary on what’s coming in 2024. And yes, there was some big news coming from that update. Some of the biggest news (that moved the entire market) is that while Chesapeake produced an average of 3.66 Bcfe/d (billion cubic feet equivalent per…
Read More...Finally, here’s a little good news to write about regarding the price of natural gas! The NYMEX front month futures contract yesterday started the day with a bang based on announcements from the previous evening (in advance of a conference call) from Chesapeake Energy that the company plans to scale back production by roughly 1…
Read More...The contours of how and why Equitrans Midstream decided to cut its MVP (Mountain Valley Pipeline) Southgate project in North Carolina are becoming apparent. We told you in January that Equitrans had decided to slice MVP Southgate in more than half (see Equitrans Slices MVP Southgate Pipe Project From 75 to 31 Miles). Now comes…
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