As experts look to 2021, their carefully constructed models for oil and gas production and pricing have been upended by the pandemic’s stubborn resurgence and the resulting harm to businesses, industries and economic projections. The recovery is coming, but its timing, strength and duration are not known, now that the COVID-19 impact will last longer
Read More...Two plastic foam manufacturers with multiple North American plants are uniting under one umbrella. Rosemont, Ill.-based private equity company Wynnchurch Capital LP announced Dec. 29 that it has purchased Huntington Foam LLC, and is combining the business with Drew Foam Cos. Inc., a company that Wynnchurch bought on Nov. 9. “Huntington is highly regarded across
Read More...... … …[Editor’s Note: Helium resources essential to MRI imaging are invaluable and obtained via natural gas extraction. It’s why fractivism is a dangerous thing.] Liquid helium, an inert gas extracted from natural gas harvesting, is essential in Magnetic Resonance Imaging (MRI) equipment because it is cold enough to provide the levels of superconductivity required in MRI scanners. Without oil and
Read More...Pennsylvania’s Marcellus Shale will close 2020 with the lowest natural gas rig count of the year and well below where it started the year prior to the outbreak of the COVID-19 pandemic, oil price wars and overall economic strain, according to WPXI. According to Bakers Hughes there were an average of 18 rigs in Pennsylvania
Read More...Tom ShepstoneShepstone Management Company, Inc. … … An opinion piece in LehighValleyLive.com illustrates the shallowness of so much we see written about fracking by folks who don’t research. An opinion piece in LehighValleyLive.com last week, written by Dan Gordon, a Washington, D.C. writer on the subjects of “affordable housing, urban planning and industrial supply sectors”
Read More...Howard Energy Partners (HEP) executed an agreement with a subsidiary of MPLX LP on Dec. 29 to purchase the Javelina Facility located in Corpus Christi, Texas. Javelina is a treating and fractionation plant that extracts olefins, hydrogen and NGL from the gas streams produced by local refineries, creating purity products that are then sold to
Read More...Enterprise Products Partners LP and Navigator Holdings Ltd. have begun service on a new 30,000-ton refrigerated ethylene storage tank located at the companies’ jointly-owned ethylene export terminal on the Houston Ship Channel. The ethylene export terminal, located at Morgan’s Point, Texas, features two docks and the capacity to load 2.2 billion pounds of ethylene per
Read More...Roger CaiazzaIndependent Researcher and Publisher,Pragmatic Environmentalist of New York … [Editor’s Note: Andrew Cuomo’s DEC is distorting and manipulating greenhouse gas emissions data to fit its goals and objectives, abandoning science.] In late October 2020 I submitted personal comments on the New York Department of Environmental Conservation (DEC) proposed Part 496 that defined the emissions limits for
Read More...Garin Wente, CEO and co-founder of Epoch Resources LLC, is today’s featured Forty Under 40 honoree. Wente is a second-generation geologist who grew up watching his dad generating prospects, drilling wells and selling deals. “I got to experience all of this first-hand and was so intrigued by it all. I knew from an early age
Read More...Multiple discoveries by Occidental in New Mexico’s Eddy County, EOG Eagle Ford, Permian Basin and Niobrara completions plus Exxon Mobil boosts the resource potential for its development offshore Guyana top drilling activity highlights from around the world in 2020. This post appeared first on Hart Energy.
Read More...Cambodia has begun extracting its first crude oil from fields in the Gulf of Thailand, in a venture between Singapore’s KrisEnergy Ltd. and the government, both parties said on Dec. 29, bringing an end to years of delays. Prime Minister Hun Sen announced the news on social media while KrisEnergy said the concession started production
Read More...Pennsylvania Gov. Tom Wolf’s administration is giving $2.5 million to the University of Pittsburgh to study the potential health impacts of fracking, according to StateImpact Pennsylvania. Communities in the southwestern portion of the state have been calling for an investigation into the links between fracking and an increased incidence of some illnesses for more than
Read More...For many reasons, 2020 has been a unique year. For the climate litigation campaign, EID Climate has covered major legal developments, delved into the funding sources behind these lawsuits and investigated the broader campaign pushing this baseless – and thus far unsuccessful – campaign against energy companies. Although presented as a way to give power back to local governments and the people,
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, 1600 AM, 104.1 FM and Sundays on YesFM, talked about Diamondback Energy, rig counts, Mountain Valley Pipelineand much more last week. The Shale Gas News has grown again to the Williamsport area
Read More...Jim WillisEditor & Publisher, Marcellus Drilling News (MDN) [Editor’s Note: The University of Pittsburgh is being given $2.5million by Tom Wolf to study but one possible cause of childhood cancer. That’s junk science.] What if we gave the University of Pittsburgh (Pitt) a $2.5 million grant to study a link between peanut butter and childhood cancer. Researchers
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