Bingham Farms, Mich. — ProfitGuard has added plastics, plastics recycling, paper and chemicals to its credit reporting and risk management service. The firm already provides information related to risk monitoring and credit limit recommendations to the metals, manufacturing and industrial sectors. The expansion will bring trade payment contributors in each industry sector together and provide
Read More...Tom ShepstoneShepstone Management Company, Inc. … … The EPA has enacted regulations that now ensure real, honest to goodness, cost benefit analysis will be done in clean air rulemaking. Benefit cost analysis has been a preceding feature of more and more governmental action in recent years, but it’s been a mess as the EPA, not
Read More...Earthstone Energy Inc. agreed on Dec. 18 to a cash-and-stock transaction to acquire Independence Resources Management LLC (IRM), a privately held independent E&P company backed by Warburg Pincus LLC and operating in the Midland Basin. The transaction, valued at about $185.9 million, is expected to roughly double both Earthstone’s production and adjusted EBITDAX with minimal
Read More...Ryan Strawn, president of Appalachian Mineral Partners, is today’s featured Forty Under 40 honoree. After graduating from the University of Texas at Austin, Strawn started an investment banking career on the Lehman Brother energy team. There, his interest in the investment banking space faded, but he fell in love with the energy business. A stint
Read More...Norway’s Aker BP ASA said on Dec. 18 it will start drilling and construction soon at its Grey Seal oil and gas field in the Norwegian Sea, and also expects to begin production in fourth-quarter 2021. Located 210 km (130 miles) offshore, near the existing Skarv Field, the investment costs of Grey Seal are expected
Read More...The American Petroleum Institute (API) has issued Recommended Practice (RP) 97L, a first edition standard that improves communication between onshore well operators and drilling contractors to enhance overall safety and environmental management. RP 97L, Onshore Well Construction Interface Document, provides expert guidance to improve the types of information shared between an operator and the drilling
Read More...Every once in a while, what’s old becomes new again. It only takes someone to champion it and nurse it back to good health, even when the odds seem stacked against it. Durell Johnson, CEO of Tumbleweed Midstream, saw the chance to rekindle the magic of a long ago business when he and a group
Read More...BP Plc recently acquired a majority stake in the largest U.S. carbon offset developer, Finite Carbon, as the British oil major works to achieve the ambitious climate goals it set earlier this year. Pennsylvania-based Finite pays landowners to manage forests, generating carbon offset credits that can be sold to polluters. The firm expects to generate
Read More...The resources sector is facing unprecedented challenges. Operating in a volatile market, revenues and EBITDA are extremely sensitive to commodity prices. As resources in some areas become scarce or depleted, oil and gas operators are forced to push new frontiers of E&P. To remain competitive, operators must reduce cost, optimize production and increase efficiency. And
Read More...Bill desRosiersExternal Affairs Coordinator, Cabot Oil & Gas … … Marcellus Shale impact fees help homebuyers with much needed upgrades and repairs, assuring they will be able to keep roofs over their heads. In 2020, the Commonwealth made nearly $46 million in Pennsylvania Housing Affordability and Rehabilitation Enhancement (PHARE) funding available for housing programs. The PHARE fund was
Read More...David KreutzerSenior Economist at Institute for Energy Research … … [Editor’s Note: CO2 levels are panned and hyped as dangerous air pollution, but there’s another side to that argument; there is good news being ignored.] The quote above comes from one of Holden Thorp’s weekly editorials in Science, the most prestigious peer-reviewed science journal in the U.S., if
Read More...Dogo-myeon, South Korea-based automotive interior parts supplier Jin-Tech Co. Ltd. has invested nearly $4.5 million in its first U.S. manufacturing facility in West Point, Ga., to serve its customers in the region. The 45,000-square-foot facility houses injection molding and vacuum forming production lines, Karleigh Caudill, assistant human resources manager at JinTech America, told Plastics News
Read More...When 2020 began, the main item on the calendar of Braskem executive Mark Nikolich was the opening of Project Delta, the firm’s new polypropylene resin line in La Porte, Texas. But many unexpected events happened between January and the start of the new billion-pound capacity line in September. That list included the COVID-19 pandemic, a
Read More...Leftists, like Pennsylvania Gov. Tom Wolf, always have to learn lessons the hard way. In August, Wolf’s Dept. of Environmental Protection (DEP) finalized and put into effect a massive increase in the permit fee to drill new shale wells, going from $5,000 per well to $12,500 (see Permit Fee to Drill PA Shale Well Officially
Read More...Two weeks ago MDN reported that Enbridge, builder of the Weymouth, Massachusetts compressor station, said the compressor would come online Dec. 4 (see Weymouth, MA Compressor Station Starts Up on Friday, Dec. 4). That didn’t happen. Enbridge now says the Pipeline and Hazardous Materials Safety Administration (PHMSA) still needs to lift last-minute restrictions, and that
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