The Baker Hughes national rig count dramatically increased two weeks ago, adding seven rigs for a national count of 589 (see OH Drops 1, PA Adds 1 Rig; National Rig Count Soars, Adds 7 @ 589). Last week, the national count didn’t change, and we are holding on to the gains made the previous week…
Read More...We’ve brought you the news (a number of times) of how Encino Energy was the first driller to figure out how to coax large quantities of oil from the Ohio Utica Shale (see Oil Prod. in Northern Utica Comes Alive – Encino Cracks Oil Code). According to Encino founder and CEO Hardy Murchison, the oil…
Read More...The Kosciusko Junction Pipeline Project, led by Gulf South Pipeline Company, LLC (a subsidiary of Boardwalk Pipelines), involves constructing approximately 110 miles of 36-inch natural gas pipeline. The project has an estimated cost of $1 billion and is supported by a 20-year agreement with an anchor customer. It is designed to transport up to 1.16…
Read More...A December 11 Pennsylvania Department of Environmental Protection (PA DEP) inspection of a shale gas well pad and water impoundment owned by Nucomer Energy LLC in Hickory Township, Forest County, found the company still had not done final cleanup of the site more than 12 years after the wells were completed and 33 months after…
Read More...In early 2023, Digihost Technology, a Canadian crypto mining company, bought the Fortistar gas-fired power plant in North Tonawanda, NY, a town close to Niagara Falls, in order to use it to power Digihost’s Bitcoin computers (see Canadian Bitcoin Operator Completes Purchase of WNY Gas-Fired Plant). Big Green kicked up a fuss, with lawyers from…
Read More...Operators wanting to grow oil inventory organically are finding promising potential as modern drilling and completion costs have dropped while adding inventory via M&A is increasingly costly. This post appeared first on Hart Energy.
Read More...The Chinese oil and gas major said CNOOC Energy Holdings U.S.A. entered into a sales agreement with a subsidiary of INEOS relating to CNOOC’s upstream oil and gas assets in the U.S. part of the Gulf of Mexico. This post appeared first on Hart Energy.
Read More...Venture Global LNG reached a final investment decision on the 20 million metric tons per annum Plaquemines facility 30 months ago. This post appeared first on Hart Energy.
Read More...Diamondback Energy, Halliburton Energy Services and VoltaGrid are working together to deploy four advanced electric simul-frac fleets across the Permian in an effort to enhance clean and efficient energy solutions in the region. This post appeared first on Hart Energy.
Read More...Beau Egert, chief commercial officer for Conduit Power, said Riley Exploration Permian is taking control of their own to provide power for their consumption and the community. This post appeared first on Hart Energy.
Read More...Here is a look at some of this week’s renewable energy news, including the latest on explosive growth in grid-scale energy storage installations. This post appeared first on Hart Energy.
Read More...PHX Minerals hired bankers to explore a potential merger or sale of the firm, which manages assets across the Midcontinent and Haynesville Shale play. PHX has rejected multiple unsolicited acquisition bids in the past two years. This post appeared first on Hart Energy.
Read More...A spike in power generation demand is driving the U.S. to use natural gas, the Energy Information Administration reports. This post appeared first on Hart Energy.
Read More...Here is a compilation of dividends declared from select upstream, midstream and service and supply companies during the week of Dec. 9. This post appeared first on Hart Energy.
Read More...U.S. energy firms this week operated the same number of oil and natural gas rigs as they did last week, according to Baker Hughes’ weekly report. This post appeared first on Hart Energy.
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