Industry News

Newsom Regulators Vote to Hike Gas Prices in California, Nevada, and Arizona

Late Friday evening the California Air Resources Board (CARB) approved new amendments to the Low Carbon Fuel Standard (LCFS), likely sending gas prices in California, Arizona, and Nevada higher beginning next year.  California’s LCFS program was established in 2011, ostensibly to reduce emissions from transportation. However, the new amendments – , which target a 30

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PA Re-Adds a Rig to 14; National Rig Count Even 3rd Week @ 585

Three weeks ago, Pennsylvania’s rig count dropped to just 12 rigs, the lowest that state has operated in the last 17 years (see PA Drops Another Rig to 17-Year Low; National Rig Count Even @ 585). Two weeks ago, PA picked up a rig, returning to 13 active rigs. Last week, Baker Hughes reported PA…

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EQT, Diversified Settle WV Class Action Lawsuit re Old Wells

In August, MDN brought you up to speed on a lawsuit filed by several West Virginia landowners (turned into a class action) against Diversified Energy and EQT over EQT’s sale of 11,350 conventional wells and 2.5 million acres of leases spread across several states, including West Virginia (see WV Landowner Lawsuit Against EQT, Diversified re…

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Seneca to Run 1-2 Rigs Next Yr, Focus on Tioga & Lycoming Counties

National Fuel Gas Company (NFG), headquartered in Buffalo, NY, is the parent company for Marcellus/Utica driller Seneca Resources and the parent of midstream company NFG Midstream (and subsidiary Empire Pipeline). Last week, NFG issued its latest quarterly update. During the quarter (considered the company’s fourth quarter), Seneca produced 91.9 Bcf (billion cubic feet) of natural…

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PA Bill Denies Impact Fees to Shale-Hostile Municipalities

In May, MDN told you that several Republican Pennsylvania State Senators were planning to introduce a bill to cut off millions of dollars in impact fee revenues to municipalities that set protective standards on the development of natural gas that “imposes a standard or condition on well development that conflicts with or exceeds those contained”…

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E&P Highlights: Nov. 11, 2024

Here’s a roundup of the latest E&P headlines, including Equinor’s acquisition of a stake in a major project and a collaboration between oilfield service companies. This post appeared first on Hart Energy.

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Mercantile & Maritime Group Unveils Middle East’s Largest Biofuel Facility

Mercantile & Maritime Group Unveils Middle East’s Largest Biofuel Facility Dubai, UAE – November 11, 2024 – Mercantile & Maritime Group, a prominent player in the global shipping and energy sectors, has officially launched the Middle East’s largest biofuel production facility in Dubai. This cutting-edge plant, dedicated to producing advanced biofuels for industrial and maritime

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