Today, June 19th, is a stock exchange and bank holiday. Juneteenth is a federal holiday in the U.S. commemorating the emancipation of enslaved African Americans. Juneteenth marks the anniversary of the announcement of General Order No. 3 by Union Army General Gordon Granger on June 19, 1865, proclaiming freedom for enslaved people in Texas. Originating…
Read More...U.S. gas producers continue to wade through low commodity prices, a situation made even stickier by record Permian gas production, said Chesapeake COO Josh Viets. But with a “constructive” natural gas market on the horizon, producers are consolidating and exploring for drilling runway. This post appeared first on Hart Energy.
Read More...Since forming through a merger in 2022, Permian Resources has reduced its stock ownership by a group of private equity backers from over 50% of the company’s outstanding shares to 16% today. This post appeared first on Hart Energy.
Read More...Reform is needed to counter a litigate-on-all-fronts strategy, an industry analyst says. This post appeared first on Hart Energy.
Read More...Piñon Midstream’s two wells at its Dark Horse Treating Facility will inject greenhouse gases permanently underground. This post appeared first on Hart Energy.
Read More...Wannarka brings public-equity finance, investment banking and investor relations experience to the upstream A&D brokerage. This post appeared first on Hart Energy.
Read More...A request by the Ohio Office of Budget and Management (OBM) to set up two new bank accounts to accept payments from drillers is the tipoff that drilling is about to begin under some of Ohio’s state land, including state parks. The state will receive nearly $60 million in lease signing bonus payments to drill…
Read More...Everyone in the Marcellus/Utica industry is elated that the 303-mile Mountain Valley Pipeline (MVP) is finally up and running (see Confirmed: M-U Gas Now Flowing Through Mountain Valley Pipeline). MVP can flow 2 billion cubic feet per day (Bcf/d) of homegrown M-U molecules from Wetzel County, WV, to Pittsylvania County, VA, in the southcentral part…
Read More...We often mention gas-fired power generation here on MDN for a reason — it’s a HUGE customer for the natural gas locally extracted. The more power plants we build in the Marcellus/Utica region, the more our gas stays right here at home (a win/win for everyone). The power grid that covers the M-U region is…
Read More...The Food & Water Watch (FWW) organization (anti-fossil fuel fanatics) has taken point on the left’s effort to block Iroquois Gas Transmission’s plan to upgrade compressor stations in the Empire State. Iroquois’ Enhancement by Compression (ExC) project increases horsepower at three compression stations — two in New York and one in Connecticut — by an…
Read More...U.S. refineries drink in heavy crude, but domestic politics are always a hurdle. This post appeared first on Hart Energy.
Read More...Here’s a roundup of the latest E&P headlines, including Woodside’s Sangomar project reaching first oil and TotalEnergies divesting from Brunei. This post appeared first on Hart Energy.
Read More...Houston-based LandBridge holds some 220,000 surface acres in the Delaware Basin. This post appeared first on Hart Energy.
Read More...The lawsuit was filed against the U.S. Bureau of Ocean Energy Management to block the proposed rule that would require the offshore oil and gas industry to cover costs of dismantling old infrastructure. This post appeared first on Hart Energy.
Read More...Refracs and other redevelopment projects might not be needle-moving growth drivers—but they’re becoming more common for E&Ps levered in maturing plays like the Eagle Ford and Bakken, experts discussed at URTeC 2024. This post appeared first on Hart Energy.
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