Redwheel Broadening Sustainable Portfolio with Ecofin Deal
Investment manager Redwheel agreed to purchase London-based Ecofin’s assets, which reached approximately $1.4 billion as of May 31. This post appeared first on Hart Energy.
Read More...PA Legislature Rejects Radical Antis, Passes CCS Bill, Sends to Gov
A civil war in the Pennsylvania environmental movement is not getting any attention from mainstream media. Why are we not surprised? We told you about the civil war earlier this week (see PA Antis Split Over Issue of Carbon Capture & Sequestration). One set of environmentalist wacko groups, including the Pennsylvania Environmental Council, Environmental Defense…
Read More...PA DEP Claims it Reduced Permits Backlog by Half Since 2023
Permitting in Pennsylvania overseen by the Dept. of Environmental Protection (DEP) has been a hot mess for years. A Chapter 102 Erosion and Sedimentation permit sometimes takes two, three, or even six to eight months for approval — instead of the law-mandated 14 days. It got so bad that in the fall of 2019, PA…
Read More...Heinz Endowments Spends $9.3M to Support Groups Attacking PA Shale
The Heinz Endowments, the “legacy” of former Senator and Heinz ketchup baron John Heinz (a Republican!), continues to fund virulent, wildly left anti-fossil fuel groups. Two days ago, Heinz announced another $9.3 million in grants. The vast majority of the money was given to groups that actively attack the Marcellus industry, including PennFuture ($400,000), PennEnvironment…
Read More...Freeport LNG Remains Offline Following Hurricane Power Outage
On Tuesday, we told you that Freeport LNG closed its export plant on Sunday in anticipation of Hurricane Beryl hitting the Texas Gulf Coast (see Surprise! Freeport LNG Exports Shut Down Due to Hurricane Beryl). As of yesterday, the plant remained offline due to power outages in the region. Beryl came ashore in the area…
Read More...Buying & Selling of LNG Worldwide Increased 3.1% in 2023, New High
The liquefied natural gas (LNG) trade increased 3.1% globally in 2023 to an average of 52.9 billion cubic feet per day (Bcf/d), an increase of 1.6 Bcf/d from 2022, according to a recently released report from the International Group of Liquefied Natural Gas Importers (GIIGNL). Expanded export and import capacity and increasing natural gas demand…
Read More...Other Stories of Interest: Fri, Jul 12, 2024
NATIONAL: Front month NYMEX natural gas fell 2.62% to settle at $2.2680; BP wins key ruling in City of Baltimore climate change lawsuit; Jobs report shows gains in oilfield services outpace 2023 growth; INTERNATIONAL: Oil rises as US summer demand signs outweigh IEA estimate; Visualizing natural gas reserves by country; Institutional investors hold $4.3 trillion…
Read More...Enverus Inventory Rankings: Pinpointing Shale’s Best Remaining Runway
The Montney Shale steals the spotlight in Enverus’ play rankings, while the Eagle Ford draws plaudits for its resilience. This post appeared first on Hart Energy.
Read More...Are 3-mile Laterals Worth the Extra Mile?
Every additional foot increases production, but it also increases costs. This post appeared first on Hart Energy.
Read More...Occlusion and Envana’s ‘Grave to Grave’ Solution for Orphan Wells
Despite no longer producing, abandoned wells pose a significant environmental problem. Occlusion and Envana look to remedy the “couple hundred thousand-well problem” with their Go2Green process for well retirement. This post appeared first on Hart Energy.
Read More...Martin Resource Sidesteps Firms’ Criticism, Offer for Midstream MLP
Martin Resource Management, which in May proposed buying spinoff Martin Midstream Partners, responded to two capital firms’ counteroffer made public July 11 by saying it’s not interested. This post appeared first on Hart Energy.
Read More...IBAT Cranks Up US Commercial Direct Lithium Extraction Facility
International Battery Metals said the startup marks the first commercial-scale facility that uses DLE technology in North America and the world’s first modular commercial DLE plant. This post appeared first on Hart Energy.
Read More...APA Closes Midland Basin, Eagle Ford Divestitures for $660 Million
APA Corp. and subsidiary Apache sold non-core assets in the Permian Basin and Eagle Ford Shale sooner than expected, and for less, as the company looks to reduce debt from its Callon Petroleum deal earlier this year. This post appeared first on Hart Energy.
Read More...18 New Shale Well Permits Issued for PA-OH-WV Jul 1 – 7
We noticed that permit data has already been updated for last week, so we’re bringing you our weekly permit report a day early. For the week of July 1 – 7, a total of 18 permits were issued to drill new shale wells in Marcellus/Utica. There were six new permits issued in Pennsylvania, with four…
Read More...DC Circuit Allows EPA Attack on O&G Via Methane Reg to Commence
EPA Administrator Michael Regan used a considerable amount of fossil energy and emitted tons of carbon dioxide to jet over to Dubai last December to participate in the COP28 confab, where he released a final rule that was “two years in the making” to force the U.S. oil and gas industry to cut methane emissions…
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