President Trump’s April 2019 executive order on the transportation of liquefied natural gas (LNG) by rail tank cars, which mandated a federal rule by 2020, has pushed forward a rule-making proposal, according to Kallanish Energy. The U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration has proposed LNG rail shipments be allowed in DOT-113
Read More...Equitrans (nee EQT Midstream) owns a natural gas storage field in Greene County, PA, in the southwest corner of the state, called Swarts Field. Natural gas storage fields are an important, but often overlooked, part of the natgas ecosystem. Last December the state Dept. of Environmental Protection (DEP) threatened to shut down Swarts Field because
Read More...click for larger version An interesting reaction by investors to CNX Resources’ third quarter update. The company reported production of 128 billion cubic feet equivalent (Bcfe) in 3Q19, an increase of 8% from the 119 Bcfe in 3Q18. They also reported spending $336 million on drilling in 3Q19, compared to $297 million in 3Q18–up 13%.
Read More...Frac sand Good news for drillers in the Marcellus/Utica: You’re about to have access to even more frac sand than before. In May 2018 Shale Support Global Holdings signed a deal to become the exclusive provider of frac sand to the Shale Rail terminal located in Wysox (Bradford County), PA (see Shale Support Exclusive Frac
Read More...We’re still feeling the fallout of FirstEnergy’s sleazy campaign to keep their $1 billion ratepayer bailout in Ohio. Last week we told you about FirstEnergy’s Mafia-like tactics in attempting to block petitioners from gathering signatures to overturn House Bill 6 that hands FirstEnergy $1 billion (see FirstEnergy Uses Questionable Tactics Against Referendum Workers). Part of
Read More...While on the surface the liquefied natural gas (LNG) marketplace may seem simple and straightforward, when you dig down you’ll find it is complex. There are different kinds of contracts between those who sell the gas, those who liquefy and ship it, and those who buy it. The LNG marketplace is, with the entrance of
Read More...Range Resources Corp. recently announced plans to buy back $100 million shares, using proceeds from recent asset sales to do so, according to the Pittsburgh Business Times. The most recent asset sale was for a 0.5% overriding royalty interest in 350,000 net surface acres in Range’s southwestern Pennsylvania natural gas production. Range received $150 million
Read More...ExxonMobil is reportedly looking for land to build a large chemical plant in Beaver County, PA. The Pittsburgh Business Times is reporting that agents representing ExxonMobil are scouting riverfront property in Beaver County to build a cracker — a large plant that turns natural gas into plastics and chemicals. The paper reports that brokers representing
Read More...courtesy Alison Matas, The Canton Repository The Canton Regional Chamber of Commerce, with the support of Strengthening Stark, intends to hire the Ohio River Corridor company. It might look like the oil and gas boom is over, but economic development leaders say for Stark County, things are just getting started. The Canton Regional Chamber of
Read More...The following information is provided by EnergyNet. All inquiries on the following listings should be directed to EnergyNet. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions. Lilis Energy Inc. retained EnergyNet for the sale of non-producing Permian Basin leasehold in Reeves County, Texas, through a sealed-bid offering closing Nov. 7.
Read More...... … … LNG terminals are being built across the world to accept natural gas. They can get it from Australia, Russia or us. Who will it be? Us we hope and expect. At a recent natural gas conference, some attendees indicated that international natural gas demand would continue to grow at a double-digit rate due to
Read More...The largest banking lenders to the oil and gas sector are becoming more cautious, marking down their expectations for oil and gas prices that underpin loans in a move expected to put further financial stress on struggling producers, industry and banking sources said. Major banks including JPMorgan Chase, Wells Fargo and Royal Bank of Canada
Read More...Investors are bracing for weaker results from U.S. shale players in coming days as lower oil and natural gas prices and cost-cutting measures have weighed on third-quarter operations. Major shale producers ConocoPhillips and Concho Resources this week kick off quarterly earnings reports for a group whipsawed this year by volatile pricing and investor demands for
Read More...Tom ShepstoneShepstone Management Company, Inc. …. …. The Rockefeller is making something old new again as it seeks to revive Upstate New York, especially the Catskills and Adirondacks, with green coal. Upstate New York is desperate. It faces economic oblivion from New York’s high taxes and blue state energy policies that amount to doing absolutely
Read More...Bill desRosiersExternal Affairs Coordinator, Cabot Oil & Gas … … The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM and Sundays on YesFM, talked about our electricity future, public land drilling, Trump’s speech at Shale Insight and much more last week. The Shale Gas News has grown again; welcome Gem 104
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