US Drillers Add Oil, Gas Rigs for First Time in 8 Weeks
The oil and gas rig count rose by seven to 589 in the week to Dec. 6, its highest since mid-September. This post appeared first on Hart Energy.
Read More...Nova Compression Boosts Delaware Presence with Asset Purchase
Nova Compression LLC says the package of assets from Kodiak Gas Services will double its density in an active area of the basin. This post appeared first on Hart Energy.
Read More...Dividends Declared Weeks of Nov. 25, Dec. 2
Here is a compilation of dividends declared from select upstream and midstream companies in fourth-quarter 2024. This post appeared first on Hart Energy.
Read More...GOP House Members Lobby for Canceled New York Pipeline Project
Republican representatives penned a letter to New York Governor Hochul, expressing criticism of the opposition to the Northern Access Pipeline. This post appeared first on Hart Energy.
Read More...AIQ, Partners to Boost Drilling Performance with AI ROP Project
The AI Rate of Penetration Optimization project will use AI-enabled solutions to provide real-time recommendations for drilling parameters. This post appeared first on Hart Energy.
Read More...12 New Shale Well Permits Issued for PA-OH-WV Nov 25 – Dec 1
For the week of Nov 25 – Dec 1, permits issued in the Marcellus/Utica dropped dramatically. Only 12 new permits were issued last week, less than half the 28 issued the week before. The Keystone State (PA) issued just two new permits, one to EQT in Greene County and the other to Range Resources in…
Read More...CNX Resources Buys Apex Energy for $505M, Adds Pa. M-U Assets
CNX Resources announced yesterday it had struck a deal to buy the assets of Apex Energy II, LLC, a portfolio company of funds managed by Carnelian Energy Capital Management, for $505 million. Apex owns wells, acreage, and pipelines in Westmoreland County, PA. The Apex assets are close to, in some cases adjacent to, CNX’s considerable…
Read More...Still a Chance for NFG’s Northern Access Pipeline into New York?
One month ago, National Fuel Gas Company (NFG) CEO David Bauer confirmed that his company had given up after battling for 10 years to build the Northern Access Pipeline, a 97-mile pipeline from McKean County in Pennsylvania into and through Allegany, Cattaraugus, and Erie counties in New York that would have flowed Marcellus gas into…
Read More...PA DEP Gives Away $600K for Woke EJ; Next Day Claims “Funding Gap”
Did we nail it, or did we NAIL it? Two days ago, the Josh Shapiro Department of Environmental Protection (DEP) puffed out its chest to announce it was donating $600,000 to 12 leftist organizations to promote “environmental justice” (EJ) in Pennsylvania (see PA Gov. Shapiro’s DEP Blows $600,000 on “Enviro Justice” Grants). EJ is anti-drilling…
Read More...More Than $40 Million Remains Unclaimed in PA Well-Plugging Grants
Come and get it! Only ten companies have applied to plug 77 orphaned wells in Pennsylvania as part of $44.4 million allocated for PA’s Methane Emissions Reduction Program (MERP) grant program. By our calculations, more than $41 million remains in the pot unclaimed. However, the clock is ticking. There is a Dec. 16 deadline to…
Read More...Enverus Report Says Utica Shale Oil is a “Middleweight Contender”
The research arm of Enverus (formerly Drillinginfo), one of the most trusted, energy-dedicated SaaS platforms offering real-time access to analytics, insights, and benchmark cost and revenue data, earlier this week published a new report on the Utica Shale. The report specifically discusses Utica oil—the production performance for Utica wells, and the economics of the play….
Read More...Kolibri CEO Expects Tishomingo Well Pad to be ‘More Economic’
Kolibri Global Energy Inc., an operator in the Tishomingo Field in Oklahoma, reported strong performance at its Alicia Renee well pad. This post appeared first on Hart Energy.
Read More...New PJM Policy Favors Gas-Fired Power Over Solar & Wind
The country’s largest electric grid, PJM Interconnection, which covers all or parts of 13 states, including PA, OH, and WV, has made changes to how it decides which new power plants can connect to the system. The new policy *favors* adding natural gas-fired power over other types of power like unreliable solar and wind. The…
Read More...Other Stories of Interest: Fri, Dec 6, 2024
OTHER U.S. REGIONS: Hawaii County official admits climate lawsuits are “another source of funding”; N.C. town accuses utility giant of deceiving the public on climate change; NATIONAL: Harvard set up worthless carbon offsetting scheme that sold millions of junk credits; Gas-fired generation likely needed to maintain reliability for years; Oilfield service consolidation to increase under…
Read More...Oil Set for Weekly Loss on Surplus Fears After OPEC+ Cut Extensions
The Organization of the Petroleum Exporting Countries and its allies on Dec. 5 pushed back the start of oil output rises by three months until April. This post appeared first on Hart Energy.
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