Six weeks after entering office, President Donald Trump gave a joint address to Congress on Tuesday, highlighting his administration’s consistent support of American-made energy. The Trump administration’s promises and policies – that continue to be dominant on his priority list – stand in sharp contrast to the previous administration’s attacks on the industry. During the
Read More...Is this the beginning of the “running of the bulls” with respect to natural gas traders? According to a senior market analyst at the PRICE Futures Group, quite possibly. Yesterday the NYMEX Henry Hub “front month” futures price closed up 22.8 cents at $4.35/MMBtu—the highest closing price since Dec. 30, 2022 (more than two years)….
Read More...Gulfport Energy, the third-largest driller in the Ohio Utica Shale (by the number of wells drilled), reported its fourth quarter and full-year 2024 numbers last week. The company drills Utica and Marcellus wells in Ohio. It also has an active drilling program in the Oklahoma SCOOP shale play. Gulfport’s net daily production in 4Q24 averaged…
Read More...In something of a bombshell announcement, the CEO of Mon Power parent First Energy said the company plans to replace its West Virginia coal plants with natural gas plants. Mon Power’s Harrison and Fort Martin coal-fired plants are scheduled to shut down between 2035 and 2040. The company will construct 3 to 4 gigawatts (GW)…
Read More...The number of rigs deployed to drill for natural gas in the United States decreased over the last two years, according to stats from the U.S. Energy Information Administration (EIA). U.S. natural gas-directed rigs decreased 32% (50 rigs) between December 2022 and December 2024. The decline was concentrated in the natural gas-rich Haynesville and Marcellus/Utica…
Read More...In May 2024, more than 50 “groups” colluding with ringleader Ohio River Valley Institute (ORVI) sent a letter to the Department of Energy (DOE) calling for the suspension of the Appalachian Regional Clean Hydrogen Hub (ARCH2), falsely claiming an “extreme lack of transparency” and lack of “meaningful community engagement” during project negotiations (see Anti-Fossil Fuel…
Read More...Gas demand is rising in the western U.S., and Uinta and Green River producers have ample supply and takeaway capacity. This post appeared first on Hart Energy.
Read More...Located about 15 km off Taiwan’s west coast, Yunlin consists of 80 wind turbines. This post appeared first on Hart Energy.
Read More...Canadian producers and U.S. refiners are likely to continue at current business levels despite a brewing trade war, analysts say. This post appeared first on Hart Energy.
Read More...California Resources’ carbon management business Carbon TerraVault plans to break ground on its first CCS project in second-quarter 2025. This post appeared first on Hart Energy.
Read More...Elliott Investment Management, which has taken a $2.5 billion stake in Phillips 66, said the nominated directors will bolster accountability and improve oversight of Phillips’ management initiatives. This post appeared first on Hart Energy.
Read More...Ohio’s top producing Utica Shale counties have collected over $530 million in real estate property taxes from oil and natural gas activity since 2010, according to the latest data from county auditors compiled by the Ohio Natural Energy Institute (ONEi). This is just one of the data points highlighting how essential the Ohio oil and
Read More...According to the Wall Street Journal, Shell is “exploring a potential sale of its chemicals assets in Europe and the U.S.,” according to “people familiar with the matter.” The review and potential sale are part of a continuing drive to refocus the company’s business on its most profitable operations. One of the petchem assets that…
Read More...While there has been no public announcement, pipeline giant Williams (owner of the mighty Transco pipeline system) filed a Form 8-K statement with the Securities and Exchange Commission (SEC) to say the company has signed an agreement with “an unnamed large, investment-grade company” to provide onsite natural gas and power generation infrastructure for the unnamed…
Read More...EOG Resources, one of the largest oil and gas drillers in the U.S. (with international operations in Trinidad and China), owns nearly a half million acres of leases in the Ohio Utica (~460,000 acres). EOG calls its position the “Ohio Utica combo play” and now considers it one of the company’s “premium plays.” EOG concentrates…
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