According to the U.S. Energy Information Administration (EIA), working natural gas in storage in the Lower 48 states ended the natural gas injection season (Apr 1 – Oct 31) with 3,922 billion cubic feet (Bcf), the equivalent of 3.9 trillion cubic feet (Tcf). U.S. inventories are starting winter 2024–25 with the most natural gas since…
Read More...According to a Reuters analyst, natural gas prices in Asia, Europe, and North America have climbed by 30% to 50% in 2024 and are likely to keep rising over the coming months in early 2025 as forecasts for cold weather trigger higher heating demand in key consumer hubs. Although Europe entered the winter with “full”…
Read More...Here’s a roundup of the latest E&P headlines, including production updates and major offshore contracts. This post appeared first on Hart Energy.
Read More...Bison Energy has retained EnergyNet for the sale of a 30 well package in Adams and Arapahoe counties, Colorado. This post appeared first on Hart Energy.
Read More...If given the final go-ahead, Stellantis and Samsung’s StarPlus Energy joint venture will use the financing for lithium-ion battery cell and module manufacturing plants in Indiana. This post appeared first on Hart Energy.
Read More...GeoPark Ltd. has signed a sale and purchase agreement with Respol Exploracion and Repsol E&P to acquire upstream oil and gas assets in Colombia. This post appeared first on Hart Energy.
Read More...Raymond James’ J. Marshall Adkins says the market is factoring in perceptions of OPEC excess capacity from countries such as Venezuela, Nigeria and Iraq that have yet to hit their production potential—and probably won’t anytime soon. This post appeared first on Hart Energy.
Read More...For the week of Nov 18 – 24, permits issued in the Marcellus/Utica continued to be strong, with 28 new permits issued, down just two from the 30 issued the prior week. The Keystone State (PA) issued 11 new permits, with five going to CNX Resources, all in Allegheny County. Two permits were issued to…
Read More...The Baker Hughes national rig count dropped another rig last week and now sits at 582. The national count continues to be rangebound between 581 and 589 since June. Slicing the national count slightly differently—by oil-focused vs. gas-focused rigs—oil rigs fell by two to 477 last week, their lowest since July, while gas rigs rose…
Read More...In early October, Infinity Natural Resources (INR), with 90,000 acres in the Marcellus/Utica, filed an IPO with the Securities and Exchange Commission (SEC), hoping to raise $100 million (see M-U Driller Infinity Natural Resources Files for $100 Million IPO). We haven’t written much about INR, a company founded in 2017 and headquartered in Morgantown, WV,…
Read More...As we’ve stated many times, we’re not fans of so-called “net zero.” Net zero emissions refer to balancing the amount of greenhouse gases (GHG) emitted into the atmosphere with an equivalent amount of GHG removed, resulting in no net increase in atmospheric GHG concentrations. Scope 1 and 2 emissions are part of the broader framework…
Read More...The volume of natural gas flowing to U.S. LNG export facilities on Friday was on track to hit 14.6 billion cubic feet (Bcf), just shy of the all-time high of 14.7 Bcf recorded one year ago, in December 2023. The reason for the near-record high is that all LNG export facilities, including the up down…
Read More...With M&A activity all around its Utah asset, private producer Scout Energy Partners aims to grow larger in the emerging Uinta horizontal play. This post appeared first on Hart Energy.
Read More...Panel: The pool of financial companies catering to oil and gas companies has shrunk along with the number of E&Ps. This post appeared first on Hart Energy.
Read More...Infinity Natural Resources’ IPO is expected to provide a first-look at the public market’s valuation of the Utica oil play. This post appeared first on Hart Energy.
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