DT Midstream (DTM), headquartered in Detroit, owns major assets in the Marcellus/Utica region and in other regions, such as Haynesville. Yesterday, DTM announced it had cut a deal to buy three FERC-regulated interstate pipelines from Oklahoma-based ONEOK, Inc. for $1.2 billion. Two of the three pipelines flow Marcellus/Utica molecules to Midwestern markets. To view this…
Read More...UGI Corporation, a diversified energy company with midstream (pipeline) operations in the Marcellus and one of Pennsylvania’s largest utility companies, is selling its 169-megawatt natural gas-fired power plant near Wilkes-Barre, PA, to Castleton Commodities International for an undisclosed amount. The plant’s owner/seller is actually a wholly-owned subsidiary of UGI Corp. called UGI Energy Services. To…
Read More...MDN is going to eat some crow with this story. In 2016, we called attention to efforts by neighbors (and anti-fossil fuelers) in Warren County, PA, in testing water sources near a wastewater injection well that had been operating since 2013 (see Concerned Citizens Test Water Near NWPA Injection Well, No Leaks). There had been…
Read More...Greg Floerke In late 2015, MPLX (i.e., Marathon Petroleum) bought out and merged with the Utica Shale’s premier midstream company, MarkWest Energy, for $15 billion (see MarkWest Energy Investors/Unitholders Approve Merger with Marathon). The “new” MarkWest, aka MPLX, plays on a much larger stage now, including ownership and operation of major assets in the Permian…
Read More...Permitting in Pennsylvania overseen by the Dept. of Environmental Protection (DEP) has been a hot mess for years. A Chapter 102 Erosion and Sedimentation permit sometimes takes two, three, or even six months for approval — instead of the policy-mandated 14 days. According to a DEP press release from yesterday, that’s all behind us now….
Read More...Key Takeaways: IOTA announces its new upgrade, Rebased, whose launch will be decided on the voting that takes place on 2nd December. Following the announcement, the IOTA token registered a growth rate of 23.05% in the last 7 days. The market sentiment for the IOTA token is “bullish” with the Fear & Greed Index value
Read More...In just five years, Phoenix Capital Group has combined technological innovation and a direct-to-investor financing approach to position itself as a leading operator in North Dakota’s Williston Basin. This post appeared first on Hart Energy.
Read More...Vistra Corp. said the proceeds from the offer will be used toward an early payout for the installment purchase of Avenue Capital Management II’s interest in Vistra Vision. This post appeared first on Hart Energy.
Read More...President-elect Donald Trump’s energy secretary nominee Chris Wright championed energy’s role in bettering human lives earlier this year on stage at Hart Energy’s DUG GAS Conference and Expo. This post appeared first on Hart Energy.
Read More...ONEOK plans to use the proceeds from the sale of the Guardian Pipeline, Midwestern Gas Transmission and Viking Gas Transmission to focus on other operational priorities. This post appeared first on Hart Energy.
Read More...MPLX Executive Vice President and COO Greg Floerke delves into the company evolution in Appalachia and the increase in its liquids exports and production scale, in this Hart Energy Exclusive interview. This post appeared first on Hart Energy.
Read More...Dominion Energy plans to build four small “peaker” electric generating plants in Chesterfield County, VA, near Richmond (see Dominion Plans to Build 1,000-MW Gas Peaker Plant Near Richmond, VA). The Chesterfield Energy Reliability Center (CERC) calls for building four 250-megawatt gas-fired power plants (1,000 MW total) that can jump into action during the coldest and…
Read More...In December 2022, Rice Acquisition Corp II, a special purpose acquisition company (SPAC) started by the Rice brothers (Danny, Toby, and Derek), announced a deal to acquire NET Power — an electric power developer with revolutionary new technology to capture every last molecule of carbon dioxide from natural gas-fired power plants (see Dan Rice Buys…
Read More...Some interesting research coming from Penn State (and Binghamton University). A paper recently published in the Journal of the Association of Environmental and Resource Economists found that companies contributing the greatest pollution and emissions were more committed to reducing pollution because they faced greater public scrutiny and risked being labeled as “greenwashers” — entities that…
Read More...The European Union’s idiotic methane regulations will soon come into full force, prompting European oil, gas, and coal companies to monitor, measure and report their emissions. The same restrictions will also apply to energy imports coming from other countries, including the U.S. (see Europeans Presume to Impose Their Regulations on American Gas). The arrogant Europeans…
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