Energy Transition in Motion (Week of Jan. 10, 2025)
Here is a look at some of this week’s renewable energy news, including guidance on technology-neutral clean electricity credits. This post appeared first on Hart Energy.
Read More...Constellation Bets Big on NatGas in $16.4B Deal for Calpine
Constellation Energy will acquire Calpine Corp. in a $26.6 billion deal, including debt, that will give the pure-play nuclear company the largest natural gas power generation fleet. This post appeared first on Hart Energy.
Read More...US Drillers Cut Oil, Gas Rigs for First Time in Six Weeks
The oil and gas rig count fell by five to 584 in the week to Jan. 10, the lowest since November. This post appeared first on Hart Energy.
Read More...TotalEnergies Begins Construction of Iraqi Gas Processing Facility
TotalEnergies and partners Basra Oil Co. and QatarEnergy have begun the construction of an associated gas processing facility in the Ratawi field in Iraq. This post appeared first on Hart Energy.
Read More...On The Market This Week (Jan. 6, 2025)
Here is a roundup of listings marketed by select E&Ps during the week of Jan. 6. This post appeared first on Hart Energy.
Read More...Perma-Pipe Gets $43MM Contract for Services in Middle East
Texas company Perma-Pipe International Holdings specializes in anti-corrosion services for infrastructure. This post appeared first on Hart Energy.
Read More...TotalEnergies, FERC Reach Agreement in Long-Running Case
TotalEnergies will pay $5 million to settle a case where neither the company nor the government says they were wrong. This post appeared first on Hart Energy.
Read More...30 New Shale Well Permits Issued for PA-OH-WV Dec 30 – Jan 5
For the week of Dec 30 – Jan 5, permits issued in the Marcellus/Utica rebounded from holiday lows. There were 30 new permits issued last week, up from just 12 issued the week before. The Keystone State (PA) issued nine new permits, with six going to Range Resources in Allegheny County and three to EQT,…
Read More...MVP Flows Full 2 Bcf/d for First Time Since Starting Last June
On June 14, 2024, 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...Are U-Turn Wells the Future of Drilling in the Marcellus/Utica?
We never cease to marvel at the genius of the oil and gas industry and those who seek to find better ways to drill. According to an Oil and Gas Investor article examining major shale play trends, drillers across the Lower 48 are drilling U-shaped double-long laterals, finding lower-cost new-well inventory in the acreage they…
Read More...ARCH2 Hydrogen Hub Open House Brings Out Anti-Fossil Fuelers
Last August, MDN told you that the Appalachian Regional Clean Hydrogen Hub (ARCH2) officially received its first $30 million from the Bidenistas (see EQT & Others Enter “Phase 1” of Hydrogen Hub; DOE Cuts $30M Check). ARCH2 is getting $925 million from a $7 billion pot. ARCH2, one of seven projects to win approval, was…
Read More...New Bill in Congress Would Block Presidents from Banning Fracking
Last Friday, Republican Congressman August Pfluger (from Texas) introduced a new bill that will prevent any future president from banning fracking nationally without the consent of Congress. Pfluger’s “Protecting American Energy Production Act” would explicitly require an act of Congress to impose a fracking moratorium and prevent the president from doing so directly. We must…
Read More...World’s Largest Investment Firm, BlackRock, Dumps Net-Zero Club
Elections certainly do “have consequences,” as Lord Obama once famously said. Less than two months after Donald J. Trump won the election and Republicans won both houses of Congress, the six largest banks in the U.S. all withdrew their membership in the United Nations Net Zero Banking Alliance (NZBA), with the largest bank, JPMorgan Chase,…
Read More...Other Stories of Interest: Fri, Jan 10, 2025
MARCELLUS/UTICA REGION: Consol Energy and Arch Resources shareholders approve $5 billion merger; Natural gas and agriculture working in tandem for PA; OTHER U.S. REGIONS: How will natural gas factor in to Maine’s cleaner energy future?; NATIONAL: American energy powers AI; US producers look toward more spending, less carbon, and a new administration; Lee sticks with…
Read More...Kimmeridge Texas Gas Prices $500MM in Senior Notes Offering
Kimmeridge Texas Gas said the senior unsecured notes will be used to repay a portion of outstanding revolver borrowings and support the buildout of the company. This post appeared first on Hart Energy.
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