EIA: NatGas Storage Plunges, Prices Soar
Frigid weather and jumping LNG demand have pushed natural gas above $4/MMBtu. This post appeared first on Hart Energy.
Read More...Helmerich & Payne Seals $1.97B Deal for KCA Deutag
Helmerich & Payne has completed its acquisition of KCA Deutag International Ltd. as it positions itself as a global onshore drilling powerhouse. This post appeared first on Hart Energy.
Read More...Tallgrass Secures Rights of Way for Green Plains’ Trailblazer CCS Project
Green Plains’ Trailblazer project will transport captured biogenic CO2 from a number of Nebraska ethanol facilities to sequestration wells in Wyoming. This post appeared first on Hart Energy.
Read More...Velocity Management Invests in Pipeline Builder M Wright Services
Velocity Management Advisors has made a minority investment in M Wright Services and three of Velocity’s partners will join the construction firm’s board. This post appeared first on Hart Energy.
Read More...Bernstein Research Predicts NatGas Price to Average $5 in 2025/26
Hart Energy is reporting some startling statements from Bernstein Research in a new report. One insight (statement) offered by Bernstein is that U.S. natural gas will average $5/Mcf in 2025 and 2026, and that’s “conservative, in our view.” Bernstein predicts “a coming U.S. gas super-cycle.” The Bernstein team expects U.S. gas demand will grow from…
Read More...TETCO Asks FERC to Swap Gas for Electric Compressor in Pa. Project
The Texas Eastern Transmission Pipeline Company (aka TETCO) recently filed a request with the Federal Energy Regulatory Commission (FERC) to make a change in its plans related to upgrades at the pipeline’s Entriken Compressor Station located in Todd Township, Huntingdon County, Pennsylvania. Several years ago, TETCO (owned by Enbridge) filed to build the Appalachia to…
Read More...PA DEP (Finally) Gets It Right with New Permit Tracking Website
Going back perhaps more than a decade, we have told you about the shortcomings of the Pennsylvania Department of Environmental Protection (DEP) regarding the timely review and issuance of permits used during the drilling process. A Chapter 102 Erosion and Sedimentation Permit or Chapter 105 Water Obstruction and Encroachment General Permit could take two, three,…
Read More...Expand Energy Ranked #2 Most Prolific Shale Producer in 2024
Enverus, a prominent analytics and advisory firm in the oil and gas space, released its Top 50 Public E&P Operators of 2024 list last week. Enverus is famously guarded in not allowing the media to publish their data, so we don’t have the full list of 50. However, Enverus shared the top three most prolific…
Read More...Judge Tosses NYC Lawsuit Against Big Oil re Climate Change
A judge has dismissed New York City’s lawsuit seeking to hold Exxon Mobil, BP, and Shell liable for misleading the public about their products and claims that their commitment to renewable energy and fighting climate change are false. The case was so weak not even a Democrat judge appointed by Kathy Hochul could stomach it….
Read More...Energy Pick Chris Wright Vows to “Unleash” LNG & Nuclear at Hearing
Yesterday, the U.S. Senate Energy and Natural Resources Committee held a hearing to grill Chris Wright, CEO of fracking company Liberty Energy, and Donald Trump’s pick to head the Department of Energy. By all accounts of the coverage we’ve read, Wright (like Trump’s other picks) hit the ball out of the park. He began his…
Read More...EIA Predicts U.S. Will Import Less, Export More NatGas in 2025/26
Two days ago, the U.S. Energy Information Administration (EIA) released its latest monthly Short-Term Energy Outlook (STEO), which we reported on yesterday (see Jan. STEO: NatGas Production & Demand to Hit New Highs in 2025). The EIA subsequently published a post on its Today in Energy site to review “five key energy forecasts through December…
Read More...Bernstein Expects $5/Mcf Through 2026 in ‘Coming US Gas Super-Cycle’
Bernstein Research’s team expects U.S. gas demand will grow from some 120 Bcf/d currently to 150 Bcf/d into 2030 as new AI data centers and LNG export trains come online. This post appeared first on Hart Energy.
Read More...Artificial Lift Firm Flowco Prices IPO Above Guidance at $427MM
Flowco Holdings priced its IPO at $24 per share, above its original guidance. The oilfield services firm will begin trading on the New York Stock Exchange on Jan. 16. This post appeared first on Hart Energy.
Read More...Talos Energy’s Katmai West #2 Well Hits Oil, Gas Pay in GoM
Combined with the Katmai West #1 well, the Katmai West #2 well has nearly doubled the Katamai West Field’s proved EUR to approximately 50 MMboe gross, Talos Energy said. This post appeared first on Hart Energy.
Read More...Origis Secures $1B in New Investments from Brookfield, Antin
Brookfield Asset Management is joining Origis Energy’s investor group alongside existing investor and majority owner Antin Infrastructure Partners. This post appeared first on Hart Energy.
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