From Tokyo Gas to Chesapeake: The Slow-burning Fuse that Lit Haynesville M&A

Ohio River Corridor

Gulfport Energy Drilled 2 Marcellus, 2 SCOOP, 20 Utica Wells in ’23

Gulfport Energy, the third-largest driller in the Ohio Utica Shale (by the number of wells drilled), emerged from bankruptcy in May 2021 with a new board and top management. Yesterday, Gulfport issued its fourth quarter and full-year 2023 update. Company CEO John Reinhart, who took the reigns of the company in January 2023, reported the…

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EPA Allows PA Radicals to Challenge Permit for Plum Injection Well

Penneco Environmental Solutions wants to build a second wastewater injection well in Plum Borough (Allegheny County), PA, next to an existing injection well. Penneco’s first wastewater injection well in Plum finally opened for business in mid-2021, overcoming all sorts of smears, slanders, and lawsuits by the enviro-left (see Plum Boro Injection Well in SWPA Now…

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Henry Hub Spot Price Hit Lowest “Real” Level in 27 Yrs in February

The U.S. benchmark Henry Hub daily natural gas price averaged $1.50 per million British thermal units (MMBtu) on February 20, 2024, the lowest price in inflation-adjusted dollars since “at least” 1997. In fact, when you look at the ten lowest daily Henry Hub natgas spot prices since Jan. 1, 1997, six of the ten lowest…

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PA Dem Senator Bob Casey Faces No-Win Situation re LNG Pause

Earlier this month, MDN told you about Pennsylvania’s two U.S. Senators, John Fetterman and Bob Casey, and their wishy-washy, mild criticism of Joe Biden’s decision to “pause” any new LNG export permits (see PA’s 2 Democrat U.S. Senators Mildly Chide Biden for LNG Pause). We published their joint statement, which appears to criticize Biden’s LNG…

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Southwestern Energy Owns 2.7 Million Acres of O&G Leases in Canada

Gobsmacked. That’s how we felt when we discovered how much land Southwestern Energy (with major assets in the Marcellus/Utica and in the Haynesville) has under lease in the Canadian province of New Brunswick. We had seen an occasional mention by Southwestern that it owns acreage in Canada (see Southwestern Energy Refocuses from Fayetteville to Marcellus/Utica),…

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Big Oil Asks U.S. Supremes to Shut Down Lawsuits re Global Warming

A coalition of major oil companies is asking the U.S. Supreme Court to rule on a key aspect of numerous ongoing nationwide lawsuits filed by cities, counties, and states. The lawsuits by multiple “blue” states and cities accuse Big Oil companies of deceiving the public about their role in causing mythical manmade global warming. The…

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Canadian Bill Makes it a Crime to Speak Nice About Fossil Fuels

Charlie Angus, an MP (Member of Parliament) in Canada, belongs to the country’s radical left NDP, or New Democratic Party. He represents the Timmins—James Bay area in Ontario. Angus recently introduced a bill, C-372, also known as the Fossil Fuel Advertising Act. The bill is as anti-free speech as anything you’ll find in Communist Russia…

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Exclusive: Can NatGas Save the ‘Fragile’ Electric Grid?

John Harpole, the founder and president of Mercator Energy, says he is concerned about meeting peak electric demand and if investors will hesitate on making LNG export facilities investment decisions after the Biden administration’s recent LNG pause, in this Hart Energy LIVE Exclusive interview.  This post appeared first on Hart Energy.

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