Enterprise Products Partners expects to use the net proceeds of the offering for capital investments and debt repayment, including repayment of its $1.15 billion principal 3.75% senior notes due 2025. This post appeared first on Hart Energy.
Read More...For the week of July 22 – 28, a total of nine permits were issued to drill new shale wells in Marcellus/Utica. Pennsylvania had the fewest with just two new permits, one each for Seneca Resources and Rice Drilling (i.e., EQT). Ohio had the most with four new permits, all of them for EOG Resources…
Read More...On July 12, Williams asked the Federal Energy Regulatory Commission (FERC) for permission to bring the final pieces of the Regional Energy Access Expansion (REAE) project online by the end of July (see Williams Asks FERC to Place Balance of Transco REAE Online Early). Then, on July 30, three extremely liberal judges from the U.S….
Read More...An important milestone was reached on Wednesday regarding the Appalachian Regional Clean Hydrogen Hub (ARCH2). You may recall that ARCH2 was one of seven projects to win the Bidenista Hunger Games competition to receive a chunk of $7 billion to build a regional hydrogen hub (see Hydrogen Hub Winners Announced – WV Takes Prize in…
Read More...On Friday, June 14, the 303-mile Mountain Valley Pipeline (MVP) that runs from Wetzel County, WV, to Pittsylvania County, VA, announced the pipeline had, after a decade of planning and building, finally begun to flow Marcellus/Utica molecules (see Confirmed: M-U Gas Now Flowing Through Mountain Valley Pipeline). The effect of the molecules flowing through MVP…
Read More...We’ve written a number of times about the Ohio Utica Shale and its beginnings with gas legend Aubrey McClendon, who, as CEO of Chesapeake Energy, was one of (if not THE) first to recognize the Utica as an oil play. However, it was a successor company, Encino Energy, that figured out how to coax large…
Read More...One thing we admire about the left is that they never give up. Yes, they cheat. Yes, they lie. Yes, they use foreign money. But the environmental left never, ever, gives up. An example: The Chesapeake Bay Foundation (CBF) has filed an amicus (“friend of the court”) brief asking the Pennsylvania Supreme Court to reverse…
Read More...Some exciting news to share related to the Marcellus/Utica. Shipping company Crowley announced it had accepted delivery of the LNG bunker barge Progress, the largest U.S. Jones Act-compliant vessel of its kind, after construction was completed at Fincantieri Bay Shipbuilding in Sturgeon Bay, Wisconsin. The Progress will expand access to cleaner energy for ship operators…
Read More...MARCELLUS/UTICA REGION: Cenovus Energy shuts down unit at Ohio refinery; Teachers provided with lessons and materials on the natgas and oil industry; OTHER U.S. REGIONS: Chevron, Hess merger delayed further as arbitration hearing set for 2025; NATIONAL: Dems are ‘starting to recognize’ green energy push ‘all a fallacy’; Major CCS pipelines inch closer to reality;…
Read More...Delek US Holdings will sell its subsidiary, Delek US Retail, to Mexico conglomerate FEMSA in a bid to unlock value, Delek’s CEO said. This post appeared first on Hart Energy.
Read More...Chevron Chairman and CEO Mike Wirth and Vice Chairman Mark Nelson will relocate to Houston, where much of Chevron’s other top leadership is already based. This post appeared first on Hart Energy.
Read More...ConocoPhillips reported a notable uplift in Eagle Ford Shale production during the second quarter, while volumes in the Permian, Bakken and Canada’s Montney Shale also grew. This post appeared first on Hart Energy.
Read More...Nearly one dozen projects, including ones by EQT Corp. and CNX Resources, are part of the Battelle-led hub in West Virginia, Ohio and Pennsylvania. This post appeared first on Hart Energy.
Read More...Occidental has already started the process of reducing debt incurred through its acquisition of CrownRock LP with an $817 million sale in late July of Delaware Basin assets to Permian Resources. This post appeared first on Hart Energy.
Read More...The Denver-Julesburg Basin deal, which closed July 31, marks Rising Pheonix Royalties’ first non-operated drilling acquisition. This post appeared first on Hart Energy.
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