We report today in a companion story about the crash in the NYMEX price to $1.77/MMBtu that NGI’s Spot Gas National Average jumped 36.5 cents to $2.115 yesterday based on winter weather forecasts in some states. What will the Henry Hub spot price (not the futures price, but the physically traded spot price) average for…
Read More...The latest monthly U.S. Energy Information Administration (EIA) Drilling Productivity Report (DPR) for February, issued yesterday (below), shows EIA believes shale gas production across the seven major plays tracked in the monthly DPR for March will decrease production from the prior month of February. This is the eighth month in a row that EIA has…
Read More...The tie-up between Diamondback Energy and Endeavor Energy—two of the Permian’s top oil producers—is expected to create a new “super-independent” E&P with a market value north of $50 billion. This post appeared first on Hart Energy.
Read More...Located near Houston, the 176-megawatt Longbow battery energy storage project is owned by Tokyo Gas America and is being developed by Clean Capital Partners. This post appeared first on Hart Energy.
Read More...Curtiss-Wright and Petrobras will combine capabilities to deploy a subsea canned motor boosting system at a Petrobras production field in the Campos Basin. This post appeared first on Hart Energy.
Read More...With the increase last week, the price of Brent crude has reached its 200-day moving average. This post appeared first on Hart Energy.
Read More...During SPE’s Hydraulic Fracturing Technical Conference, industry experts looked for answers to their biggest test – fracture geometry. This post appeared first on Hart Energy.
Read More...Last Thursday, 29 far-left nutball groups wrote Mike Rolband, Director of the Virginia Department of Environmental Quality (DEQ), demanding that he issue a stop work order for the 99% completed Mountain Valley Pipeline (MVP) due to “repeated and widespread violations and damage to waterbodies and private property.” This isn’t the first time these groups have…
Read More...In early December, MDN updated you on the very real possibility that Everett LNG import terminal (Boston area), which accepts and regasifies foreign-sourced natural gas, may shut down this May following the closure of New England’s biggest natural gas-fired power plant, the Mystic Generating Station in Everett, MA (see Constellation May Have to Close Boston…
Read More...Hyperion Midstream LLC, a subsidiary of Olympus Energy, is seeking a special exception to a Penn Township (Westmoreland County) zoning ordinance to build a six-generator compressor station along Wilderness Road over the next four years. In early January, Hyperion representatives and witnesses testified at a township zoning hearing in favor of the plan (see Olympus…
Read More...The Bidenistas at the White House kept Federal Energy Regulatory Commission (FERC) Chairman Willie Phillips on a VERY short chain for a VERY long time. Phillips was named “Acting” Chairman of FERC in January 2023 when Richard “Dick” Glick exited stage left (see Willie Phillips Takes Over as Acting FERC Chairman, Dick Glick Gone). FERC…
Read More...The most radical Federal Energy Regulatory Commission (FERC) commissioner currently serving, Allison Clements (a former lawyer for the uber-radicals of the National Resources Defense Council), told her fellow Democrat leftists at POLITICO that she will not seek re-election to a second term at the commission when her term ends on June 30 of this year….
Read More...ESG champion BlackRock is paring, while Exxon Mobil’s growing. Today, ESG is just table stakes. This post appeared first on Hart Energy.
Read More...Two thirds of energy consumers are unwilling to spend more time and money to be sustainable, Ernst & Young reported. This post appeared first on Hart Energy.
Read More...Weatherford CEO Girish Saligram charts course for growth as the company looks to enter the third year of what appears to be a long upcycle. This post appeared first on Hart Energy.
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