US Drillers Add Oil, Gas Rigs for First Time in Eight Weeks
For January, total oil and gas rigs fell by seven, the most in a month since June, with both oil and gas rigs down by four in January. This post appeared first on Hart Energy.
Read More...Liberty Capitalizing on Power Generation as Completions Stay Flat
New Liberty Energy Inc. CEO Ron Gusek says company is ‘uniquely positioned’ to deliver modular units for data centers. This post appeared first on Hart Energy.
Read More...NCEA Report Confirms: The International Energy Agency Needs Redirection
On Wednesday, the National Center for Energy Analytics (NCEA) hosted a panel featuring bipartisan policymakers and industry experts regarding the International Energy Agency (IEA) that confirms the agency’s recent shift off-course, its misguided role in policymaking, and how the agency has gone astray from its original mission of ensuring energy security. The panel and the
Read More...7 New Shale Well Permits Issued for PA-OH-WV Jan 20 – 26
For the week of Jan 20 – 26, permits issued in the Marcellus/Utica to drill new shale wells fell off a proverbial cliff. Two weeks ago, 41 new permits were issued. Last week, the number plummeted to just seven new permits issued. Perhaps the most interesting thing about last week’s numbers is that NO new…
Read More...CNX Drilled Just 1 New Well in 4Q24, Plans to Add 34 Wells in 2025
Yesterday, CNX Resources issued its fourth quarter and full-year 2024 update. The company lost $145 million for the quarter, compared with a profit of $514 million in 4Q23. Production was 141.9 Bcfe (billion cubic feet equivalent) in 4Q24 — which works out to 1.54 Bcfe/d — down from 146.9 Bcfe last year (a drop of…
Read More...Seneca Continues to Focus on PA Utica Wells, Adds 50 MMcf/d to Gulf
National Fuel Gas Company (NFG), headquartered in Buffalo, NY, is the parent company for Marcellus/Utica driller Seneca Resources and the parent of midstream company NFG Midstream (and subsidiary Empire Pipeline). Yesterday, NFG issued its latest quarterly update. The company’s top brass is jazzed about the higher prices of natural gas and what it means for…
Read More...PA Gov. Shapiro Again Pushes Big Carbon Tax as Part of Energy Plan
Pennsylvania’s do-nothing Governor, Josh Shapiro, traveled to Pittsburgh yesterday to put on another shuck-and-jive all-sizzle-no-steak show. He was there to unveil what he calls his “Lightning Plan” for energy in the state. His big plan? Reintroduce and try to bully Republicans into accepting a Marcellus-killing carbon tax and onerous regulations on emissions (called PACER, see…
Read More...NY Gov. Hochul Pauses Cap-n-Tax Plan; Angry Enviros Resign Panel
In June 2019, the New York State legislature passed a horrific “energy” bill that was later signed into law by then-Gov. Andrew Cuomo (see New York Pulls the Trigger, Commits Energy Suicide with New Law). The law, called the Climate Leadership and Community Protection Act (or “Climate Act”), forces a reduction in so-called greenhouse gas…
Read More...Credit Rating Agencies Downgrade Connecticut Utilities Due to Regs
As we told you two weeks ago, Connecticut’s Democrat Governor, Ned Lamont, wants to keep his nuclear and gas-fired power plants operating (for now) to avoid potential blackouts (see Gov. Ned Lamont Fiddles While Connecticut’s Electric Rates Burn). However, Lamont isn’t interested in building more pipelines or new gas-fired plants. He’s happy to allow the…
Read More...Other Stories of Interest: Fri, Jan 31, 2025
OTHER U.S. REGIONS: Largest solar farm in California heading for closure after 11 years; NATIONAL: Baker Hughes announces major gas tech orders for Venture Global LNG; Senate confirms Doug Burgum to lead Interior, advances Chris Wright for Energy; Trump’s tariffs would hurt Canadian oil producers more than U.S. refiners; Trump’s decision to end Biden’s home…
Read More...Buying Time: Continuation Funds Easing Private Equity Exits
An emerging option to extend portfolio company deadlines is gaining momentum, eclipsing go-public strategies or M&A. This post appeared first on Hart Energy.
Read More...Utica Oil’s Infinity IPO Values its Play at $48,000 per Boe/d
Private-equity-backed Infinity Natural Resources’ IPO pricing on Jan. 30 gives a first look into market valuation for Ohio’s new tight-oil Utica play. Public trading is to begin the morning of Jan. 31. This post appeared first on Hart Energy.
Read More...HNO International Enters $10MM Hydrogen Offtake Agreement
HNO International has agreed to supply hydrogen to a Texas-based company from its 1.25-megawatt hydrogen platform. This post appeared first on Hart Energy.
Read More...Baker Hughes Wins LNG Technology Orders for Venture Global
Baker Hughes Co. also signed a multiyear services agreement to support the first two phases of Venture Global’s Plaquemines LNG project in Louisiana. This post appeared first on Hart Energy.
Read More...EnLink Investors Vote in Favor of ONEOK Buyout
Holders of EnLink units voted in favor of ONEOK’s $4.3 billion acquisition of the stock, ONEOK announced Jan. 30. This post appeared first on Hart Energy.
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