EIA Reports Light NatGas Storage Withdrawal of 40 Bcf
While the U.S. Energy Information Administration report came in under analysts’ expectations, natural gas prices gained on Jan. 8. This post appeared first on Hart Energy.
Read More...Energy Companies, Legal Experts Call Out Biden Admin’s Flip-Flopping on Climate Precedent
In two separate briefs filed late last month, energy companies pushed back on the Biden administration’s recent support for Honolulu’s climate lawsuit, arguing for Supreme Court intervention and highlighting the inconsistency with positions held by previous administrations of both parties. The U.S. Supreme Court is discussing the companies’ petition at their conference this Friday, meaning
Read More...DC Circuit Sides with FERC Approval of 24-Mile Gas Pipe in Indiana
In June 2021, MDN told you about CenterPoint Energy, a power generator looking to shutter portions of its coal-fired generation fleet and build two natural gas combustion turbines in Indiana (see Will New 460 MW Gas-Fired Plant in Indiana Get Approved?). The two units would provide a combined 460 megawatts (MW) of electricity as a…
Read More...“Green” New England Burns NatGas, Coal, Oil to Keep the Lights On
Liberal New England, one of the bluest (Democrat) areas of the country, continues to do the opposite of what they preach. For years, New England states like Massachusetts, Vermont, and Connecticut have blocked new natural gas pipelines that would carry Marcellus molecules from a few hundred miles away into their states, claiming they seek to…
Read More...Canceled Conn. Gas-Fired Plant Blocking Battery Plant at Same Site
Here’s a story in the karma-is-a-boomerang department… In July 2019, the Connecticut Siting Council approved the Killingly Energy Center gas-fired power plant project after initially rejecting it (see Connecticut Approves New Natgas-Fired Electric Plant in Killingly). The Killingly project would have built a 650-megawatt gas-fired plant in eastern Connecticut. The Siting Council recognized that some…
Read More...U.S. Natural Gas Markets (and Prices) Now Linked with Rest of World
According to CME Group, the worldwide natural gas market has evolved, and trading activity has grown in the past few years. The trading volume of Henry Hub Natural Gas (NG) futures during non-U.S. hours has more than doubled from a couple of years ago. We are truly interconnected worldwide. However, there are implications and consequences…
Read More...Wind, Not a Carbon Dioxide Canopy, Controls Temps on Mother Earth
At its core, the theory of man-made global warming (renamed to “climate change”) is easy to understand. The theory says when we burn fossil fuels (or wood, or garbage, or any carbon-based source), carbon dioxide is released and floats up into the atmosphere. If there’s too much CO2 floating up there, it creates a canopy…
Read More...Shale Outlook Eagle Ford: Sustaining the Long Plateau in South Texas
The Eagle Ford lacks the growth profile of the Permian Basin, but thoughtful M&A and refrac projects are extending operator inventories. This post appeared first on Hart Energy.
Read More...Kimbell Royalty Partners Adds to Permian Portfolio with $231MM Deal
Kimbell Royalty Partners is acquiring oil and natural gas mineral and royalty interests in the Midland Basin in a cash-and-equity acquisition worth $231 million. This post appeared first on Hart Energy.
Read More...Artificial Lift Firm Flowco Seeks ~$2B Valuation with IPO
U.S. artificial lift services provider Flowco Holdings is planning an IPO that could value the company at about $2 billion, according to regulatory filings. This post appeared first on Hart Energy.
Read More...Varel Energy Solutions Acquires Ace Well Technology
Varel Energy Solutions acquired Ace Well Technology, a supplier of oilfield casing, cementing and completion products. This post appeared first on Hart Energy.
Read More...Dell: Folly of the Forecast—Why DOE’s LNG Study Will Invariably Be Wrong
Kimmeridge’s Ben Dell says the Department of Energy’s premise that increased LNG exports will raise domestic natural gas prices ignores a market full of surprises. This post appeared first on Hart Energy.
Read More...No Change in M-U, Nat’l Baker Hughes Rig Counts 2nd Week in a Row
The venerable Baker Hughes national rig count was 589 active rigs last week—which is FIVE weeks in a row. Very unusual. The Marcellus/Utica rig count was a combined 34 last week—the same number for FOUR weeks in a row. The national count remains rangebound between 581 and 589 since June 2024 (except for Sep. 13,…
Read More...BHE’s Eastern Gas Pipe Proposes Expansion to Flow M-U Gas to D.C.
It’s always a red-letter day here at MDN HQ when we happen across a new pipeline project in the Marcellus/Utica region. Today is one of those days! Eastern Gas Transmission and Storage, a subsidiary of billionaire Warren Buffett’s Berkshire Hathaway Energy (BHE), filed a new project with the Federal Energy Regulatory Commission (FERC) in December…
Read More...Register Support for M-U Hydrogen Hub at Scoping Hearing or Online
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…
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