Expand Energy, formed by the merger of Chesapeake Energy and Southwestern Energy, is the largest natural gas producer in the U.S. with approximately 1.9 million leased net acres. Expand drills and operates in three distinct regions: Northeast Appalachia (Pennsylvania), Southwest Appalachia (mostly West Virginia, but also Pennsylvania and Ohio), and the Haynesville (Louisiana). The company…
Read More...In late 2022, MDN told you that Canadian-based Enerplus, with sizable non-operated assets in the northeast Pennsylvania Marcellus, had sold certain Canadian assets so it could concentrate most of its activity on drilling in the North Dakota Bakken (see Enerplus Sells Rest of Canada Assets – Focus on Bakken, Marcellus). Enerplus kept its non-op Marcellus…
Read More...Two weeks ago, MDN brought you the exciting news that President Trump pledged to get the long-dead Pennsylvania Marcellus to New York State Constitution Pipeline built (see Stop Press! Trump Pledges to Revive PA-to-NY Constitution Pipeline). Since then, we’ve eagerly monitored the news to see if there has been any indication that the builder, Williams,…
Read More...After the shocking news in 2022 that then-U.S. Senator Joe Manchin (from West Virginia) had sold out his state and the entire country by agreeing to support the misnamed Inflation Reduction Act (IRA) bill, the details began to come out about just how bad the bill (now law) really is for the oil and gas…
Read More...Wow! What a difference 10 years and the election of Donald J. Trump can make. In May 2015, MDN reported that HSBC Bank (otherwise known as The Hongkong and Shanghai Banking Corporation) circulated a note to investors telling them they should divest from fossil fuel companies. HSBC said if they didn’t divest from fossil energy,…
Read More...MARCELLUS/UTICA REGION: Beaver County Marcellus Awareness Community launches Eyes On Air webpage; Chris Kendall appointed to Range Resources board of directors; NATIONAL: USA crude oil inventories drop; After a month of Trump’s pro-oil and gas moves, Dems target his energy emergency; Natgas markets have long been challenging, a new level of wildness may be on…
Read More...The methane fee was mandated by the 2022 Inflation Reduction Act, which directed the EPA to set a charge on methane emissions for facilities that emit more than 25,000 tons per year of CO2e. This post appeared first on Hart Energy.
Read More...MPLX LP has agreed to acquire the remaining 55% interest in BANGL LLC for $715 million from WhiteWater and Diamondback. This post appeared first on Hart Energy.
Read More...Ormat aims to grow its installed capacity to between 2.6 and 2.8 gigawatts by the end of 2028, CEO says. This post appeared first on Hart Energy.
Read More...Chord Energy drilled and completed its first 4-mile Bakken well and plans to drill more this year. Chord is also considering a sale of non-op Marcellus interests in northeast Pennsylvania. This post appeared first on Hart Energy.
Read More...Diversified Energy Co. Plc closed its deal with Summit Natural Resources to buy operated natural gas assets and midstream infrastructure for approximately $42 million, the company said Feb. 27. This post appeared first on Hart Energy.
Read More...Vår Energi has discovered a third offshore oil reserve in the Goliat area of the Norwegian Continental Shelf as part of an exploratory collaboration with Equinor. This post appeared first on Hart Energy.
Read More...Former Basic Energy Services CEO Roe Patterson details his perspective on the shale boom and the lessons learned to get back to the current upswing in the industry. This post appeared first on Hart Energy.
Read More...Range Resources Corporation, the very first company to drill a shale well targeting the Marcellus Shale layer in Pennsylvania (in 2004), issued its fourth quarter and full-year 2024 update yesterday. Range produced 2.20 Bcfe/d in Q4. For all of 2024, the company averaged 2.18 Bcfe/d, approximately 68% natural gas. The company reported completing (bringing online…
Read More...Here’s a company we’ve not written about since 2021: IOG Capital and its subsidiary IOG Resources. Back in 2015 we first told you that IOG Capital had cut a deal with Seneca Resources to fund Seneca’s Marcellus drilling program in Elk, McKean and Cameron counties in northcentral Pennsylvania (see Seneca Res. Cuts Deal with IOG…
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