A law signed during the Biden administration ties offshore wind lease sales to similar auctions for oil and gas rights on federal lands. It’s unclear whether President Trump’s Jan. 20 executive order to halt wind leasing could spill over into the E&P world. This post appeared first on Hart Energy.
Read More...As President Donald Trump officially was sworn into office Monday, energy took center stage with the new President promising to unleash American energy in a series of inaugural speeches and executive orders. In his inauguration speech, President Trump declared: “America will be a manufacturing nation once again, and we have something that no other manufacturing
Read More...The power plant, expected to come online in 2028, will be the first built in Puerto Rico since 1995, New Fortress said. This post appeared first on Hart Energy.
Read More...Drilled but uncompleted (DUC) gas wells that totaled some 500 into September 2024 have declined to just under 400, according to a J.P. Morgan Securities analysis of Enverus data. This post appeared first on Hart Energy.
Read More...Two wholly-owned subsidiaries of TransMontaigne Partners LLC have agreed to the sale of terminal facilities in Florida and Virginia. This post appeared first on Hart Energy.
Read More...Pennsylvania mineral rights owners (i.e., landowners) now have a well-deserved tax break thanks to a bill passed by the PA legislature and signed into law last summer (see New PA Bill Gives Shale Landowners Same Tax Breaks as Investors). Under Senate Bill (SB) 654, individual landowners receive the same tax benefits afforded to investors. If…
Read More...Yesterday, with the bitter cold blast (called a polar vortex) hitting the eastern half of the country, the PJM power grid, which covers all or parts of 13 states plus the District of Columbia (including all of Pennsylvania, Ohio, and West Virginia), experienced its largest single-day power draw EVER. The grid came through with flying…
Read More...In December, PA’s Democrat Governor, Josh Shapiro, filed a complaint with the Federal Energy Regulatory Commission (FERC) alleging the PJM electric grid is being mismanaged and using inflated numbers that will cause economic pain for the 65 million customers who buy electricity in the PJM region—in particular the residents of PA. What’s causing the high…
Read More...This is another in a series of observations that we (fossil fuel advocates) are winning. Finally, we are having an impact. The official party line of the Democrats has been to block the use of any and all fossil fuel energy by amping up regulations and passing laws to limit or eliminate its production, transportation,…
Read More...In May 2021, MDN told you that Louisville Gas and Electric Company (LG&E) had won Kentucky state approval to build a new 12-inch, 12-mile pipeline south of Louisville to supply gas to homes and businesses (including a Jim Beam distillery) in Bullitt County that can’t connect to LG&E’s local natgas utility system because it is…
Read More...On Oct. 1, 2024, Chesapeake Energy announced its buyout of and merger with Southwestern Energy in a $7.4 billion deal was completed (see Chesapeake & Southwestern Complete Merger; Now #1 U.S. Gas Driller). The newly merged company was renamed Expand Energy Corporation and began trading on the NASDAQ stock market under the “EXE” ticker symbol….
Read More...BlackRock is the largest investment firm in the world, currently with $11.6 trillion of investments under management. Larry Fink, the CEO of BlackRock, pushed the so-called ESG (environment, social, governance) agenda for years. What the left and people like Fink mean by ESG is don’t invest in or use fossil fuel energy (E), everything is…
Read More...Ovintiv is exiting Utah’s Uinta Basin in a $2 billion sale to FourPoint Resources, which will take over some of the play’s highest quality acreage. This post appeared first on Hart Energy.
Read More...Gordon Huddleston, president and partner of Aethon Energy, talks about well costs in the western Haynesville, prepping for LNG and AI power demand and the company’s readiness for an IPO— if the conditions are right. This post appeared first on Hart Energy.
Read More...Kinder Morgan said the 216-mile project will originate in Katy, Texas, and move gas volumes to the Gulf Coast’s LNG and industrial corridor beginning in 2027. This post appeared first on Hart Energy.
Read More...