Oil Rises 1% as Investors Digest US Election Fallout
Oil prices rose nearly 1% on Nov. 7 following the U.S. election results and as Hurricane Rafael rolls into the Gulf of Mexico. This post appeared first on Hart Energy.
Read More...CEO: Range Passes On M&A Fervor For Now: ‘We Didn’t Have To’
While the rest of the E&P sector bought, merged and consolidated, Range Resources sat on the sidelines in Appalachia because it already has plenty of drilling inventory, CEO Dennis Degner says. This post appeared first on Hart Energy.
Read More...After 20 Years of Marcellus Development, Facts Speak Louder Than Rhetoric
October marked the 20th anniversary since the first Marcellus Shale well was drilled in Pennsylvania in 2004. Like Pennsylvania’s Drake Well, which launched commercial oil drilling across the world in 1859, Range Resource’s Renz #1 has been a game-changer for the Commonwealth and the United States. As Jeff Kotula, president of the Washington County Chamber of
Read More...Deep Well Services Sold to United Arab Emirates for $223 Million
There is no excerpt because this is a protected post. The post Deep Well Services Sold to United Arab Emirates for $223 Million first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Gulfport Spent $52M on Leases, Still Loves the Ohio Marcellus
Gulfport Energy, the third-largest driller in the Ohio Utica Shale (by the number of wells drilled), reported its third quarter 2024 numbers yesterday. The company drills Utica and Marcellus wells in Ohio. It also has an active drilling program in the Oklahoma SCOOP shale play. Gulfport’s net daily production for 3Q24 averaged 1,057.2 MMcfe/d (1.06…
Read More...MSC Pushes Back Against Cecil Township’s 2,500-Ft Setback Law
Earlier this week, three of five supervisors in Cecil Township (Washington County), PA, voted to ban all new fracking via a new setback (distance from well to nearest structure) requirement of 2,500 feet (see Cecil Twp Supervisors Pull the Trigger on Frack Ban Via Setbacks). We told you the new setback distance bans virtually all…
Read More...EQT CEO Says the M-U Needs to Get Back to Building Pipelines
According to Hart Energy, “massive” transformations are “shaking” the natural gas industry along the Gulf Coast via new pipelines in Texas and LNG export plants in Louisiana. However, the nation’s largest gas field on the eastern side of the U.S., the Marcellus Shale, is not seeing the same transformations. Why? “CEOs are often fighting political…
Read More...AES Indiana Gets OK to Convert Petersburg Coal Plants to NatGas
AES Indiana, formerly known as Indianapolis Power & Light Company, is a utility company providing electric service to the city of Indianapolis. It is a subsidiary and largest utility of AES Corporation. In August, AES Indiana said that it wants to invest $1.1 billion in Pike County, IN, to convert the company’s two remaining coal-fired…
Read More...Top 5 Energy Issues for Trump-Vance to Tackle Starting Jan. 20
There is no excerpt because this is a protected post. The post Top 5 Energy Issues for Trump-Vance to Tackle Starting Jan. 20 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Radicalized Big Green Groups Pledge Lawfare Against Trump Admin
The election of Donald Trump as President for a second term is about the best thing that has happened for Big Green groups in years. Why? They all (and we mean ALL) are fundraising using Trump’s name, hoping to shake some more coins out of the faithful lemmings that contribute to their twisted causes. We’re…
Read More...Root Network Soars 34.31% in 7 Days: Future Outlook and Predictions
The Root Network is a layer 1 blockchain that aims to be the hub for the open metaverse. The main focus of the blockchain centers around its interoperability and user experience. It makes use of a dual-token system, in which the XRP serves as the default gas token, and the governance, staking, and other major
Read More...Bitcoin: Current Market Standing & What The Future Holds For It
Bitcoin, the original crypto has been on a huge rally in the market in recent days. The coin was introduced into the market in 2008 by Satoshi Nakamoto, whose identity is currently unknown. From there, the coin has come so far and is currently the top dog of the crypto world. As the election ended
Read More...What Is Pump And Dump In Crypto?
A pump and dumbo in crypto is a manipulation tactic that is employed by various social media influencers and other big-name traders to shift the market trends in their favor. In this technique, the coin’s value is inflated by attracting more traders and investors to it, then sold off in large amounts by a specific
Read More...Devon Ups Delaware Basin Ante With 21-Well Pad, Secondary Zones
Devon Energy is producing record volumes from the Delaware Basin—its biggest asset—where the company drilled a 21-well pad targeting six different intervals in recent months. This post appeared first on Hart Energy.
Read More...Marcellus Waiting to Exhale But Held Back by Regional, Economic Factors
After years of exploitation as one of the country’s first unconventional shale plays, the Marcellus still has plenty of natural gas for producers, even if regional and economic factors have kept much of it bottled up. This post appeared first on Hart Energy.
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