Exclusive: TPL Eyes Midland Growth to Replicate Delaware Basin Success

Ohio River Corridor

Quantum Raises $10B for Oil, Gas, Midstream, Energy Transition

Quantum Capital Group raised $5.25 billion for its private equity flagship, Quantum Energy Partners VIII. A source told Hart Energy that most of the firm’s capital has gone into oil and gas because it offers the best risk-adjusted returns.  This post appeared first on Hart Energy.

Read More...

Massive Data Center with 3,500 MW Gas-Fired Plant Proposed for Va.

We are super excited to bring you the news that Balico, LLC has proposed building a gigantic, massive data center in Pittsylvania County, Virginia. Sound familiar? We’ll get to the location in a moment. The data center would be powered by its own on-site gas-fired power plant complex, with 15 30-MW Mitsubishi gas turbines. Truly…

Read More...

Weather Whacks NYMEX Futures Price – Lost $0.25 Yesterday to $2.31

Yesterday, the NYMEX natural gas futures price for the “front month” (November) contract and the next contract in line to take over after today (the December contract) both dropped like a rock. The November contract (called the prompt month) dropped 25.1 cents to close at $2.309/MMBtu. The December contract, which becomes the prompt month tomorrow,…

Read More...

PA DEP Still Hasn’t Cleared 33% of Permit Backlog (640 Permits)

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 months for approval — instead of the law-mandated 14 days. It got so bad that in the fall of 2019, PA State Sen….

Read More...

U.S. and M-U Ethane Production Reached Record High in 1H24

U.S. ethane production increased steadily over the last decade and reached a record of 3.0 million barrels per day (b/d) in May 2024. Ethane production in the first half of 2024 (1H24) averaged a record 2.8 million b/d, according to data from the U.S. Energy Information Administration’s (EIA) Petroleum Supply Monthly. Ethane production in the…

Read More...

5 Dem Governors (Including Shapiro) Blame PJM for THEIR Policies

Ever notice how politicians like to blame others when their own policies create havoc and chaos? When you block new gas-fired power plants that provide more electricity for growing demand and pretend unreliable renewables will step in to save the day, there are negative consequences, like the price of electricity soaring through the roof (see…

Read More...

What is Bitcoin Mining and How Does it Work?

Bitcoin mining is a crucial process that underpins the entire Bitcoin network, ensuring its security, integrity, and function as a decentralized digital currency. As the backbone of the blockchain, mining serves to validate transactions, create new bitcoins, and secure the network against fraudulent activities. This article delves into the intricacies of Bitcoin mining, exploring its

Read More...

The Downfall Of Oil: Examining The Challenges Facing The Industry

The oil industry, once the cornerstone of global energy production and economic growth, is now facing a myriad of challenges that threaten its dominance. As the world transitions towards renewable energy sources and grapples with climate change, the future of oil appears increasingly uncertain. This article explores the key factors contributing to the downfall of

Read More...

E&P Highlights: Oct. 28, 2024

Here’s a roundup of the latest E&P headlines, including a new field coming onstream and an oilfield service provider unveiling new technology. This post appeared first on Hart Energy.

Read More...