E&P Highlights: Jan. 27, 2025
Here’s a roundup of the latest E&P headlines including new drilling in the eastern Mediterranean and new contracts in Australia. This post appeared first on Hart Energy.
Read More...CNX Expands in Appalachia with Closing of $505MM Apex Deal
The bolt-on of Apex Energy II upstream and midstream assets expands CNX’s stacked Marcellus and Utica undeveloped leaseholds. This post appeared first on Hart Energy.
Read More...NextEra Energy, GE Vernova Partner to Bolster US Grid
The CEO of NextEra Energy, which has entered a partnership with Ge Vernova, said natural gas, renewables and nuclear energy will be needed to meet rising power demand. This post appeared first on Hart Energy.
Read More...Freeport LNG’s Texas Plant Back in Production Post Winter Disruption
vWiner storm Enzo knocked out the Quintana Island, Texas plant’s electrical supply on Jan. 21. This post appeared first on Hart Energy.
Read More...HG Energy Well Fire Near Jane Lew, WV Quickly Extinguished
A fire was reported at a natural gas well near Jane Lew (Harrison County), WV, on Saturday at around 2:15 pm. Multiple fire departments responded. One media report says the well location is listed as the Stickel Pad belonging to driller HG Energy. There were no injuries, according to 911 officials. The fire was extinguished…
Read More...Diversified Energy to Buy/Merge with Maverick Natural Res. for $1.3B
Diversified Energy, with major assets in the Marcellus/Utica region (assets in other regions, too), owns approximately 8 million acres of leases with 67,000 (mostly) conventional oil and gas wells. The company’s business model is to buy lower-producing wells on the cheap and find ways to make them more productive. The company made a major announcement…
Read More...FERC Thumbs Nose at Court, Reinstates Cert for Transco REAE Pipe
The D.C. Circuit Court of Appeals issued a decision last July vacating (nullifying) the Federal Energy Regulatory Commission’s (FERC) approval of Transco’s Regional Energy Access Expansion (REAE) project to bring gas from Pennsylvania to New Jersey and Maryland (see DC Circuit Libs Reverse FERC Approval of Transco Northeast Expansion). On Jan. 21 (last Tuesday), the…
Read More...National Rig Count Falls Again, Lowest in 3+ Years; M-U Steady
We’re in full crash mode with the Baker Hughes national rig count. After losing five rigs three weeks ago, and four more two weeks ago, the BH rig count lost another four rigs last week—13 rigs out of circulation in three weeks. The number of rigs nationally now stands at 576, the lowest since Dec….
Read More...SRBC Approves 18 New & Renewed Water Use Permits for M-U Pads
The highly functional and responsible Susquehanna River Basin Commission (SRBC), unlike its completely dysfunctional and irresponsible cousin, the Delaware River Basin Commission (DRBC), continues to support the shale energy industry by approving water withdrawals and consumptive use for responsible and safe shale drilling. The SRBC published a notice in the January 25 Pennsylvania Bulletin that…
Read More...Trump Stirs Confusion with Support, Spurning of Canadian Oil
President Trump signed an order that could boost Canadian crude imports — and then said the U.S. doesn’t need Canadian crude. This post appeared first on Hart Energy.
Read More...Annapolis, Anne Arundel County’s Climate Cases Are Thrown Out As Dismissals Stack Up
It turns out that New York City is hardly the only climate plaintiff to face the January blues this year. Yesterday, the Anne Arundel Circuit Court dismissed Annapolis and Anne Arundel’s climate lawsuits against America’s energy industry, delivering yet another devastating blow to the already struggling, nationally-coordinated climate litigation campaign. Notably, less than a year
Read More...Shell Completes Deal to Buy Power Plant in Rhode Island
Shell has completed its previously announced acquisition to buy a 609-megawatt combined cycle gas turbine power plant in Rhode Island from RISEC Holdings. This post appeared first on Hart Energy.
Read More...Energy Transition in Motion (Week of Jan. 25, 2025)
Here is a look at some of this week’s renewable energy news, including a bright outlook for solar power capacity additions in the U.S. This post appeared first on Hart Energy.
Read More...Blackstone Buys NatGas Plant in ‘Data Center Valley’ for $1B
Ares Management’s Potomac Energy Center, sited in Virginia near more than 130 data centers, is expected to see “significant further growth,” Blackstone Energy Transition Partners said. This post appeared first on Hart Energy.
Read More...Chevron Delivers First Oil from Kazakhstan Project
Chevron Corp.’s newest plant at Kazakhstan’s Tengiz Field is expected to ramp up output to 1 MMboe/d. This post appeared first on Hart Energy.
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