We’re not high finance people (nor are we lawyers), but we do the best we can to explain financial (and legal) news that impacts companies and individuals in the Marcellus/Utica. Yesterday, Ascent Resources, a privately held company focusing 100% on the Ohio Utica Shale, announced it is floating new unsecured notes that mature in 2032…
Read More...NATIONAL: When will USA crude oil production peak?; Government won’t sell new oil leases for the first time since 1958; INTERNATIONAL: New Fortress Energy ships Mexico’s first LNG cargo for export.To view this content, log into your member account. (Not a member? Join Today!) The post Other Stories of Interest: Thu, Oct 3, 2024 first
Read More...The approval pushes the U.S. closer to its goal of deploying 30 gigawatts of offshore wind energy capacity by 2030. This post appeared first on Hart Energy.
Read More...Prairie Operating closed an acquisition of acreage and production in Weld County, Colorado, where the D-J Basin player is drilling its first Niobrara horizontals. This post appeared first on Hart Energy.
Read More...Ovintiv is marketing assets in the Permian Basin amidst rumors that the Denver-based E&P is looking to join in on the M&A frenzy. This post appeared first on Hart Energy.
Read More...The acquisition of Tall Oak Midstream III balances Summit Midstream’s crude and natural gas commodity exposure in preparation for high natural gas demand in the coming years, Summit Midstream CEO Heath Deneke said. This post appeared first on Hart Energy.
Read More...Diamondback Energy’s Viper Energy closed the last of three acquisitions from Tumbleweed Royalty, owned by Double Eagle Energy’s founders, that together totaled about $1.1 billion. This post appeared first on Hart Energy.
Read More...This July, the new UK Labour Government came into office promising to ‘take the brakes off Britain’ and unlock a new era of economic prosperity. Yet, as Energy in Depth has previously explained, under current UK government plans the oil and gas industry is set to be burdened with another tax increase, which industry groups
Read More...Overblown assumptions related to gas stoves causing increased cases of pediatric asthma have plagued medical journals and top-tier media reporting in recent years. These studies often rely on assumption-heavy risk models to create causation, rather than empirical data connecting the two. A recent Cox Associates study that was funded, in part, by the American Gas
Read More...Move over EQT Corporation, there’s a new number one natural gas producer in the U.S. Yesterday, Chesapeake Energy announced that its buyout of and merger with Southwestern Energy in a $7.4 billion deal was completed. The newly merged company was renamed Expand Energy Corporation and will begin trading on the NASDAQ stock market today under…
Read More...EQT Corporation is now the #2 largest natural gas driller in the U.S. following the merger of Chesapeake Energy with Southwestern Energy to form Expand Energy Corporation (see today’s lead story). EQT took the opportunity yesterday, while everyone was focused on the shiny new object (Expand Energy), to file a Form 8-K with the SEC…
Read More...We spotted a press release about new leadership at the top of Calpine Corporation, one of the largest power producers in the U.S. with major assets in the upper East Coast area (fed by Marcellus/Utica molecules). The company’s CFO, Andrew Novotny, is becoming the CEO. Beyond the tie-in with the M-U because the company uses…
Read More...Two oilfield services companies—Axis Energy Services LLC and Brigade Energy Services LLC—jointly announced the closing of an agreement to merge and form the nation’s largest well servicing company. The new company will retain the Axis Energy name and will remain headquartered in Dallas, TX. According to Axis, the transaction creates the nation’s leading company for…
Read More...In September 2023, Dominion Energy and Enbridge co-announced that Dominion had agreed to sell the company’s remaining natural gas local distribution companies (LDCs) that Dominion owns to Enbridge for $14.0 billion, which includes $9.4 billion in cash plus the assumption of debt (see Dominion Energy Loses Mind – Sells Remaining LDC NatGas Businesses). The deal…
Read More...Air Products’ sale of its LNG process technology and equipment business to Honeywell will allow the company to focus on its industrial gases and hydrogen businesses. This post appeared first on Hart Energy.
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