On Friday, Equitrans Midstream, the builder and majority owner of the 303-mile Mountain Valley Pipeline (MVP) that runs from Wetzel County, WV, to Pittsylvania County, VA, announced the pipeline has, after a decade of planning and building, finally begun to flow Marcellus/Utica molecules. Who is buying those molecules? We know of at least one company….
Read More...Tennessee Gas Pipeline’s (TGP) plan to flow an extra 115 MMcf/d of Marcellus gas to Westchester County, NY, and New York City to be used for Consolidated Edison customers is called the East 300 Upgrade Project. The project took a giant leap forward in April 2022 when the Federal Energy Regulatory Commission (FERC) issued permits…
Read More...MDN told you the bottom had dropped out of the rig count two weeks ago (see Baker Hughes U.S. Rig Count Loses 6 @ 594, M-U Drops 2 @ 36). Last week, the drop continued to deepen. We call it free fallin’. The national combined oil and gas rig count dropped by another four to…
Read More...Last Friday, MDN told you about a problem brewing that will block new hydrogen projects from getting built in the Marcellus/Utica (see Biden IRS 45V Tax Rule Endangers Hydrogen Hub Projects in M-U). It’s an obscure tax rule known as the 45V tax credit, part of the misnamed Inflation Reduction Act (IRA). The Bidenistas at…
Read More...One month ago, MDN told you that although the New York Senate had passed a bill already passed by the Assembly to ban the use of carbon dioxide in shale drilling (so-called “CO2 fracking”), Democrat Gov. Kathy Hochul, a reliable anti-fossil fueler, had still not signed the bill into law (see 2 Mo. After NY…
Read More...The past decade has been difficult for the San Juan Basin, which suffered from a lack of activity and exits by major operators. But experts say inventory-hungry operators shouldn’t overlook the San Juan’s long-term potential. This post appeared first on Hart Energy.
Read More...The two FPSOs will be deployed by Petrobras in the eastern part of the Santos Basin, 200 km offshore Rio de Janeiro. This post appeared first on Hart Energy.
Read More...Appalachian Basin E&Ps are expected to ramp up production for the Equitrans-operated Mountain Valley Pipeline by 2025 — although, near term, only about 38% of the line’s capacity is expected to be used, an analyst said. This post appeared first on Hart Energy.
Read More...Here is a look at some of this week’s renewable energy news, including a move by tech powerhouse Google to procure more geothermal energy. This post appeared first on Hart Energy.
Read More...SLB and Aker Carbon Capture have closed a deal to combine technology portfolios for carbon capture solutions. This post appeared first on Hart Energy.
Read More...Baker Hughes said the total rig count is down 97 rigs, or 14%, below this time last year. This post appeared first on Hart Energy.
Read More...TotalEnergies is selling its subsidiary TotalEnergies EP (Brunei) BV, which owns interests and is the operator for a mature field offshore Brunei. This post appeared first on Hart Energy.
Read More...Texas Pacific Land’s $10 per share dividend will cost the company approximately $230 million. This post appeared first on Hart Energy.
Read More...After initially leasing the Aurora FSO, Valeura Energy decided to purchase the vessel for $19 million. This post appeared first on Hart Energy.
Read More...Phillips 66’s sale to Tallgrass will generate $685 million in proceeds following debt and equity adjustments. This post appeared first on Hart Energy.
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