Two weeks ago, 31 new permits were issued to drill in the Marcellus/Utica region. Last week, June 3 – 9, the number dropped (dramatically) by 77% to just seven new permits. And that seems to be the pattern: Way up one week, way down the next. Last week, for the second week in a row,…
Read More...Kentucky is not known as a hotbed of shale drilling activity. The Marcellus/Utica does not extend under the Bluegrass State. However, as we wrote about back in 2017, Kentucky does have the Berea Sandstone, which contains oil deposits (see Fracking Comes to Kentucky – Encore Drills First Horizontal Oil Wells). In 2017, we brought you…
Read More...In a clear case of sour grapes for the U.S. Court of Appeals for the Fourth Circuit (4th Circus clowns) who tried to block the 303-mile Mountain Valley Pipeline (MVP) by rendering arbitrary decisions that caused years of delays for the pipeline, the court flipped the bird to MVP one last time in a decision…
Read More...For months, MDN has told you about a problem brewing that will block new hydrogen projects from getting built in the Marcellus/Utica. It’s an obscure tax rule known as the 45V tax credit, part of the misnamed Inflation Reduction Act (IRA). The Bidenistas at the White House, Treasury Department, and Dept. of Energy proposed a…
Read More...A new bill proposed by two Republican state lawmakers in Ohio, House Bill (HB) 349, makes it easier to site and build natural gas pipelines to areas of the state where pipelines currently don’t exist (see Ohio Bill Encourages New NatGas Pipelines to Spread Across State). The bill will stimulate new jobs by running pipelines…
Read More...In early March, President Joe Biden nominated three new candidates to become Federal Energy Regulatory Commission (FERC) commissioners (see Biden Announces 3 New FERC Commissioner Nominees, Finally). The three, two Democrats and one Republican, faced questions from the Senate Energy & Natural Resources Committee in a hearing held a few weeks later (see 3 FERC…
Read More...OTHER U.S. REGIONS: NextDecade, Saudi Aramco sign 20-year LNG supply deal; You paid hundreds of millions for solar power to wreck the environment; NATIONAL: Should oil and gas pros use AI to get hired?; Revisiting the Left’s Keystone XL lie; Biden will pay an electoral price for choking US energy; ‘You are evil,’ GOP lawmaker…
Read More...Meanwhile, gas-weighted players are benefitting from solid hedge books planned ahead of price uncertainty. This post appeared first on Hart Energy.
Read More...Noble Corp.’s $1.6 billion acquisition of Diamond Offshore Drilling may seem like small potatoes compared to the upstream sectors’ massive megadeals, but service sector consolidation could snowball, analysts said. This post appeared first on Hart Energy.
Read More...The subsea contract follows Trendsetter establishing local facilities in Brazil. This post appeared first on Hart Energy.
Read More...Higher world oil production, led by U.S. and other producers in the Americas, will outpace demand between 2023-2030 and inflate the world’s spare capacity cushion, according to the IEA. This post appeared first on Hart Energy.
Read More...Electricity demand needs reliable natural gas to function as coal capacity is retired and less reliable renewables take a greater share of the power supply stack. This post appeared first on Hart Energy.
Read More...Critics claim the vote sets a precedent for more unsupervised development of gas-fired generation. This post appeared first on Hart Energy.
Read More...Recent data from the Ohio Department of Natural Resources (ODNR) confirms an emerging Ohio oil play with untapped potential. Traditionally thought of as a natural gas play, new technologies have unlocked oil production in the Utica Shale that continues to grow: 70 percent since 2021 with 40 percent annual growth from 2022 to 2023. The
Read More...Coterra Energy CEO Tom Jorden sat for an interview with Jim Cramer on CNBC’s Mad Money program Tuesday evening. During the interview, Jorden had an interesting comment and insight that has the power to change the natural gas market. Jorden said that data center operators (big computer server facilities) may cut supply agreements directly with…
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