Trinity Gas Storage Adds Texas Greenfield Gas Storage Complex
Trinity Gas Storage has opened a 24-Bcf gas storage facility in Anderson County, Texas, to support the state’s power grid. This post appeared first on Hart Energy.
Read More...27 New Shale Well Permits Issued for PA-OH-WV Jan 6 – 12
For the week of Jan 6 – 12, permits issued in the Marcellus/Utica to drill new shale wells remained healthy. There were 27 new permits issued last week, down three from 30 issued the week before. The Keystone State (PA) issued 13 new permits, with four going to Snyder Brothers in Armstrong County, four going…
Read More...NYMEX Gas Futures Price Soars to Close at $4.2580 MMBtu
Baby, it’s cold outside! And it’s getting colder beginning this weekend and moving into next week. The cold weather, combined with less natural gas in storage (less than the average), has increased the NYMEX “front month” futures contract for natural gas. Yesterday, the NYMEX price closed at $4.2580 per million British thermal units (MMBtu), the…
Read More...MPLX PA Bluestone Gas Processing Plant Gets Big Sloppy Kiss from EPA
Marathon Petroleum’s MPLX, formerly MarkWest, operates five complexes in the Marcellus shale. One of the five is the Bluestone Complex in Butler County, PA. Bluestone gathers 200 million cubic feet per day (MMcf/d) of natural gas. Bluestone processes 400 MMcf/d of natural gas, separating methane from other hydrocarbons. The facility then further separates ethane (C2H6)…
Read More...PA Superior Court Reaffirms Dunham Rule Separating O&G from Minerals
In most states, when a deed or lease agreement is signed for mineral rights, it includes natural gas and oil on the theory that the gas and oil come from a mineral—shale rock. But that has not been the case in PA. Going back to a case in 1882, PA has had “the Dunham rule,”…
Read More...LG&E and KU Announce New Hyperscale Data Center in Louisville, KY
Louisville Gas and Electric Company (LG&E) announced a contract to supply electricity to its first hyperscale data center customer yesterday. A joint venture between PowerHouse Data Centers and Poe Companies is developing a cutting-edge 400-megawatt (MW) data center campus in Louisville. The first 130 MW will be available in October 2026. While no mention was…
Read More...Antis Block 15-Mile Pipe Causing Gas Moratorium in Myrtle Beach
Here’s a story that illustrates how the radicalized left continues to destroy jobs and the economy with its kneejerk reaction against *any* fossil fuel pipeline, no matter how large or small. Some five years ago, Dominion Energy announced the River Neck to Kingsburg project, a short 15 miles of 16” natural gas transmission main line…
Read More...Sen. Ed Markey Bill to Deny Big Oil from Cabinet, but Not Big Green
Yesterday, U.S. Senator Ed “Lackey” Markey (Dem from Mass.), a member of the Environment and Public Works Committee, and Senator Jeff “Malarkey” Merkley (Dem from Ore.) reintroduced the Banning In Government Oil Industry Lobbyists (BIG OIL) from the Cabinet Act, which would prohibit the appointment of executive officers and lobbyists of fossil fuel entities or…
Read More...Other Stories of Interest: Fri, Jan 17, 2025
OTHER U.S. REGIONS: Virginia needs to protect the natural gas choice in law; NATIONAL: Extreme cold from NY to Texas threatens to topple records; Jeff Bezos’ space ambitions take flight as new rocket blasts off; INTERNATIONAL: Trump team readies oil sanctions plan for Russia deal, Iran squeeze; WTI corrects after five-month highs. OTHER U.S. REGIONS…
Read More...Artificial Lift Firm Flowco’s Stock Surges 23% in First-Day Trading
Shares for artificial lift specialist Flowco Holdings spiked 23% in their first day of trading. Flowco CEO Joe Bob Edwards told Hart Energy that the durability of artificial lift and production optimization stands out in the OFS space. This post appeared first on Hart Energy.
Read More...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...