As part of ongoing efforts to force U.S. consumers to get rid of their natural gas appliances, a new Rocky Mountain Institute report compares costs and emissions between mixed-fuel and all-electric households in selected cities across the United States. The city-focused report nebulously presents data on both the up-front costs when buying a house and
Read More...Gulfport Energy, a major player in Ohio’s Utica Shale, is expected to file for a Chapter 11 reorganization in the coming days, Kallanish Energy has learned. The company, its revolver lenders and unsecured bondholders are expected to seek approval for a restructuring support agreement that includes debtor-in-possession financing. The Oklahoma-based company is dealing with about
Read More...Gulfport Energy Corp. recently revealed in a regulatory filing that it’s been in discussions with its lenders about filing for bankruptcy, according to Natural Gas Intelligence. Furthermore, Gulfport entered a 30-day grace period to defer an interest payment that was due Thursday on its 6% unsecured note due 2024. During the grace period, the company
Read More...A team of Harvard researchers found elevated levels of radioactivity on air particles measured downwind of fracking sites around the United Staes, according to a study published earlier this month in the journal Nature Communications. The radiation levels they discovered were well below public health limits, but the authors warn they could induce “adverse health effects
Read More...Europe’s electric vehicles (EVs) market share is set to treble this year to 10%, despite the Covid-19 pandemic, Kallanish Energy reports. According to a new analysis by Transport & Environment (T&E), that’s because of the EU 2020/21 car CO2 emission standards. The legislation forces carmakers to meet targets to reduce the average emissions of the
Read More...Peregrine Energy Partners is again adding to its portfolio in the Marcellus Shale, acquiring producing royalty properties from multiple private sellers, according to EIN Presswire. The natural gas acquisitions were made in Tyler County, West Virginia from Antero Resources and Fayette County, Pennsylvania from Chevron. They were both finalized in the first week of October.
Read More...U.S. petrochemical companies that already produce hydrogen as a by-product in processes like ethane cracking or while making chlorine are exploring new revenue possibilities. × Top executives of companies like Westlake Chemical and LyondellBasell are paying increasing attention to hydrogen, including the potential for turning ‘gray’ hydrogen into increasingly demanded environmentally friendly versions. Hydrogen does
Read More...A new study published in PLOS ONE in August suggests residents in southwestern Pennsylvania surrounded by oil and gas facilities may suffer from more health complaints, according to EOS. People living near oil and gas wells in southwestern Pennsylvania reported sore throat, burning eyes, headaches and more to researchers. Researchers estimated exposure to oil and
Read More...Chevron is completing the biggest energy deal since the COVID-19 pandemic crippled the oil industry and purchasing Nobel Energy for $5 billion, according to CNN. Nobel Energy shareholders will receive Chevron stock in the all-stock transaction. Factoring in Nobel’s $8 billion in debt, the transaction is valued at $13 billion. Despite, the company’s debt, its
Read More...Peregrine Energy Partners will acquire producing and non-producing mineral rights on 4,755 gross acres in Bedford County, Pa. from Chief Oil & Gas, according to EIN Presswire. The purchase price was undisclosed. However, the deal is the third the company has made in this region of the Appalachian Basin this year. “While we’ve traditionally been
Read More...Jim WillisEditor & Publisher, Marcellus Drilling News (MDN) Nick DeIuliis continues to impress as he lays out CNX plans for adroitly positioning the company’s capital by being “ruthlessly rational.” A few months ago CNX Resources bought out and merged in the remaining amount of CNX Midstream the company didn’t already own (see CNX Resources Buying/Merging in Rest of
Read More...The U.S. Army Corps of Engineers reissued a stream crossing permit that the stalled $5.7 billion Mountain Valley Pipeline needs to finish construction, according to Kallanish Energy. The Mountain Valley Pipeline received three permits total from the U.S. Army Corps of Engineers. The permits will allow the natural gas pipeline to cross wetlands and nearly
Read More...The COVID-19 pandemic and accompanying shutdowns threw the American economy—and the energy industry—a curve ball this year, but domestic production will be a key part of the economy recovery. A new released by the Department of Energy (DOE) shows the benefits of increased domestic energy production and the opportunities to continue production in the future,
Read More...The Trump administration rejected two-thirds of royalty relief requests from onshore oil and gas companies struggling with fallout from the coronavirus pandemic earlier this year, according to a government watchdog report released Oct. 6. Bureau of Land Management (BLM) offices approved 581 out of 1,689 requests for temporary royalty relief between March 24 through June
Read More...Energy companies were securing offshore production platforms and evacuating workers on Oct. 6, some for the sixth time this year, as a major hurricane took aim at U.S. oil production in the Gulf of Mexico (GoM). Hurricane Delta, the 25th named storm of the 2020 Atlantic Hurricane season, was churning in the Caribbean with sustained
Read More...