Chesapeake, Southwestern Complete Merger to Create Largest US Natgas Co.
Chesapeake Energy Corp. has closed on its $7.4 billion takeover of Southwestern Energy Co. to create Expand Energy. This post appeared first on Hart Energy.
Read More...Exclusive: Sheffield Clears the Air, Formentera is Not Just a PDP Buyer
Formentera Founder and Partner Bryan Sheffield delves into the company’s drilling operations including the unique history of how Formentera took up assets in Australia’s Beetaloo, in this Hart Energy Exclusive interview. This post appeared first on Hart Energy.
Read More...Texas Pacific Land Closes $290MM Permian Minerals, Royalties Deal
Texas Pacific Land Corp. acquired Permian Basin oil and gas minerals and royalties operated by Exxon Mobil, Diamondback Energy, Occidental Petroleum and ConocoPhillips. This post appeared first on Hart Energy.
Read More...US Navy Taps Sage Geosystems for Geothermal Initiatives in Texas
The expanded collaboration with the Department of Defense follows Sage-led geothermal initiatives at Fort Bliss and the Ellington Field Joint Reserve Base in Texas. This post appeared first on Hart Energy.
Read More...ITIF Report: Wind and Solar Can’t Stand Alone – Natural Gas is Critical
A recent Information Technology and Innovation Foundation (ITIF) report underscores a crucial but often overlooked fact: achieving a reliable and affordable energy evolution means embracing a diverse energy mix, and natural gas is the key to making it work. According to ITIF natural gas will play an essential role in supporting the growth of renewable
Read More...Newsom’s Oil Mandate Passes the California Assembly: Another Step Towards Higher Gas Prices for Arizona and Nevada
On Tuesday, the California State Assembly approved Governor Gavin Newsom’s new refinery supply mandate, which now heads to the state Senate. The proposed legislation will require oil refiners to keep a minimum gas reserve on hand, and gives the California Energy Commission the power to require oil refiners to provide resupply plans to address losses
Read More...Sheffield: E&Ps’ Capital Starvation Not All Bad, But M&A Needs Work
Bryan Sheffield, managing partner of Formentera Partners and founder of Parsley Energy, discussed E&P capital, M&A barriers and how longer laterals could spur a “growth mode” at Hart Energy’s Energy Capital Conference. This post appeared first on Hart Energy.
Read More...AI: Herald of New Shale Age or Last-ditch Effort to Save Industry?
AI’s ability to optimize may usher oil and gas into a new age—or simply improve on past unconventional recovery methods—depending on who you talk to. This post appeared first on Hart Energy.
Read More...RWE Breaks Ground on Battery Storage Project Trio in Texas
The Crowned Heron 1, Crowned Heron 2 and Cartwheel 1 projects will have a combined power capacity of 450 MW, RWE says. This post appeared first on Hart Energy.
Read More...Oxy’s 1PointFive Lands US Funding for Carbon Sequestration Hubs
1PointFive plans to use the funding to advance site characterization activities, permitting and environmental approvals for construction at each hub, Occidental said. This post appeared first on Hart Energy.
Read More...Fed Court Certifies Class Action Lawsuit Against Range Resources
Today, we bring you news about a lawsuit filed just over three years ago, in September 2021, by four landowners in southwestern Pennsylvania who leased their land to Range Resources for drilling. The lawsuit is just now coming on our radar screen. Range did drill and, claims the landowners, deducted expenses from royalty checks for…
Read More...PA DEP Program Gives Fed $$ to Plug “Lower Priority” Orphaned Wells
In August, the Biden-Harris administration promised (but hasn’t yet delivered a dime of) up to $152 million in “Phase 2” federal money, i.e., your taxpayer dollars, to help plug old conventional oil and gas wells in Pennsylvania (see Convenient Timing: Biden-Harris Promise Pa. Another $152 Million). In September, Biden-Harris said a check was in the…
Read More...PA Sen. Yaw Bill Plugs Old Conv. Wells Using $$ from Solar Credits
Pennsylvania State Senator Gene Yaw believes he has a solution to help fund plugging many of the state’s ~350,000 orphaned and abandoned conventional oil and gas wells. Yaw recently introduced a bill, Senate Bill (SB) 1330, that directs the PA Department of General Services to sell any alternative energy credits it owns from buying unreliable…
Read More...Work on Shale Wastewater Injection Well in McKean County Progresses
In January, MDN brought you the news that the Pennsylvania Dept. of Environmental Protection (DEP) approved a plan by Catalyst Energy to convert an existing conventional gas production well on Route 646 in Cyclone (Keating Township in McKean County, PA) into a shale wastewater injection well (see PA DEP Approves Shale Wastewater Injection Well in…
Read More...U.S. LNG Feedgas Dropped Last Week Due to Maintenance & Hurricane
MDN previously told you that gas flows (called “feedgas”) heading to the Cove Point LNG export facility along the coast of Maryland had fallen to zero as of Sept. 20 because the facility is undergoing annual maintenance (see Flows Drop to Zero @ Cove Point LNG, Closed for Annual Maintenance). Maintenance will likely last about…
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