The PJM Interconnection electrical grid operator that covers Pennsylvania (along with all or parts of 12 other states and the District of Columbia) has caved to the political demands of PA Gov. Josh Shapiro to artificially cap the prices of the next capacity auction scheduled for July 2025. It means electric ratepayers won’t see as…
Read More...Both conventional and unconventional (shale) drillers in Pennsylvania were supposed to submit a new annual report to the state Department of Environmental Protection (DEP) on December 10, 2023, detailing volatile organic compound (VOC) and methane emissions from their operations over the previous one-year period. Shortly before that deadline, the DEP suspended the due date and…
Read More...There’s a reason the Haynesville shale play in Louisiana and East Texas drills more wells than both the Marcellus and Utica shales combined. That reason? Lower taxes and less regulation. Particularly compared with Pennsylvania, where the taxes and “fees” are high and regulations are far too restrictive. Pennsylvania State Senator Doug Mastriano, who ran for…
Read More...In March 2024, we reported that two Democrats and one anti-drilling RINO who run Bucks County, PA government (a Philadelphia suburb) fell for the bait by Big Green and filed a lawsuit against Big Oil companies for supposedly, knowingly, causing the Earth to toast to a cinder (see Bucks County, PA, Sues Big Oil for…
Read More...The managing director of HF Capital—the office for Tennessee’s Haslam family—says that as long as oil, gas and other energy sources are lacking capital, there’s an investment opportunity. This post appeared first on Hart Energy.
Read More...As part of the 15-year contract, TotalEnergies will provide solar and wind power to New York-based STMicroelectronics. This post appeared first on Hart Energy.
Read More...API has published nearly 100 standards addressing environmental performance and emissions reduction, which are constantly reviewed to support low carbon operations without compromising U.S. energy security. This post appeared first on Hart Energy.
Read More...E&Ps such as Expand Energy and EQT Corp. saw share prices drop on news of less power-intensive AI, but analysts predict the natural gas market will rebound as LNG exports and overall power demand continues to increase. This post appeared first on Hart Energy.
Read More...In the Haynesville, Delaware and Utica, Post Oak Energy Capital is supporting companies determined to make a profitable footprint. This post appeared first on Hart Energy.
Read More...Pine Run Gathering LLC, a joint venture owned by Stonehenge Energy and UGI, announced yesterday that it had completed a transaction to buy Superior Midstream Appalachian, LLC, for $120 million. Superior Appalachian owns and operates three gathering systems in Pennsylvania, namely Pittsburgh Mills (Allegheny & Butler counties), Snow Shoe (Centre County), and Brookfield (Tioga County)….
Read More...In December, CNX Resources announced 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 (see CNX Resources Buys Apex Energy for $505M, Adds Pa. M-U Assets). Apex owns wells, acreage, and pipelines in Westmoreland County, PA….
Read More...Last November, Coterra Energy announced it would buy “certain assets of Franklin Mountain Energy and Avant Natural Resources” located in the Permian (see Siren Song: Coterra Energy Buys Permian Assets for $4 Billion). The purchase (two deals) gives Coterra another 49,000 acres in Lea County, New Mexico, with 400-550 net Permian oil-drilling locations. The deal…
Read More...Condensate production (super-light crude oil) in the Utica Shale’s volatile oil window in eastern Ohio has more than doubled over the past three years. The small number of drillers that focus on drilling for condensate in Ohio (about half a dozen) are due to increase their output of condensate in 2025 and 2026. Who are…
Read More...Did you happen to catch the news lighting up all the cable news stations yesterday about Chinese startup DeepSeek? The company launched a free AI assistant that it claims uses less data at a fraction of the cost of other AI models. By Monday, the DeepSeek assistant had overtaken U.S. rival ChatGPT in downloads from…
Read More...Double Eagle IV ramped up oil and gas production to more than 120,000 boe/d in November 2024, Texas data shows. The E&P is one of the most attractive private equity backed M&A targets left in the Permian Basin. This post appeared first on Hart Energy.
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