MARCELLUS/UTICA REGION: Beaver County Marcellus Awareness Community launches Eyes On Air webpage; Chris Kendall appointed to Range Resources board of directors; NATIONAL: USA crude oil inventories drop; After a month of Trump’s pro-oil and gas moves, Dems target his energy emergency; Natgas markets have long been challenging, a new level of wildness may be on…
Read More...The methane fee was mandated by the 2022 Inflation Reduction Act, which directed the EPA to set a charge on methane emissions for facilities that emit more than 25,000 tons per year of CO2e. This post appeared first on Hart Energy.
Read More...MPLX LP has agreed to acquire the remaining 55% interest in BANGL LLC for $715 million from WhiteWater and Diamondback. This post appeared first on Hart Energy.
Read More...Ormat aims to grow its installed capacity to between 2.6 and 2.8 gigawatts by the end of 2028, CEO says. This post appeared first on Hart Energy.
Read More...Chord Energy drilled and completed its first 4-mile Bakken well and plans to drill more this year. Chord is also considering a sale of non-op Marcellus interests in northeast Pennsylvania. This post appeared first on Hart Energy.
Read More...Diversified Energy Co. Plc closed its deal with Summit Natural Resources to buy operated natural gas assets and midstream infrastructure for approximately $42 million, the company said Feb. 27. This post appeared first on Hart Energy.
Read More...Vår Energi has discovered a third offshore oil reserve in the Goliat area of the Norwegian Continental Shelf as part of an exploratory collaboration with Equinor. This post appeared first on Hart Energy.
Read More...Former Basic Energy Services CEO Roe Patterson details his perspective on the shale boom and the lessons learned to get back to the current upswing in the industry. This post appeared first on Hart Energy.
Read More...Range Resources Corporation, the very first company to drill a shale well targeting the Marcellus Shale layer in Pennsylvania (in 2004), issued its fourth quarter and full-year 2024 update yesterday. Range produced 2.20 Bcfe/d in Q4. For all of 2024, the company averaged 2.18 Bcfe/d, approximately 68% natural gas. The company reported completing (bringing online…
Read More...Here’s a company we’ve not written about since 2021: IOG Capital and its subsidiary IOG Resources. Back in 2015 we first told you that IOG Capital had cut a deal with Seneca Resources to fund Seneca’s Marcellus drilling program in Elk, McKean and Cameron counties in northcentral Pennsylvania (see Seneca Res. Cuts Deal with IOG…
Read More...You know we delight in connecting the dots that others often miss. We spotted big news in the quarterly update for DT Midstream (DTM), headquartered in Detroit, which owns major assets in the Marcellus/Utica region and other regions like the Haynesville. Earlier this year the company closed on the purchase of three pipeline systems, two…
Read More...As we reported two days ago, Pennsylvania Gov. Josh Shapiro, acting like a junkie cut off from his drugs, finally got the Trump administration to restart the flow of drugs (i.e., money) that had been paused to give Elon Musk’s DOGErs a chance to ensure the payments are legit (see PA Gov. Claims Victory in…
Read More...We explored an important issue last September—the ballooning cost of plugging orphaned oil and gas wells in Pennsylvania (see PA DEP Spending WAY Too Much to Plug Abandoned/Orphaned Wells). As a reminder, abandoned wells are those with no production for at least 12 months in a row. Orphaned wells were abandoned before 1985, and the…
Read More...In September 2023, MDN told you about a non-profit organization called Project InnerSpace, which was contacting public officials, academics, and oil and gas interests in Pennsylvania, pitching a transition from fossil fuel extraction to geothermal energy using the same workers and potentially, the same infrastructure (see Siren Song of Geothermal Calls to PA Conventional &…
Read More...OTHER U.S. REGIONS: Air Products cancels green hydrogen plant planned for New York; NATIONAL: Chevron makes leadership changes in simplification push; Are we ever likely to see an AI CEO at an oil and gas company?; White House says Trump meant EPA will cut 65 percent of spending, not staff; INTERNATIONAL: BP refocuses on oil…
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