Yesterday CNX CEO Nick Deluliis was one of the keynote speakers at the annual DUG (Developing Unconventional Gas) East event, held virtually this year. Normally DUG is held at the Convention Center in Pittsburgh. Deluliis’ talk was wide-ranging, but much of it concentrated on mergers and acquisitions, particularly M&A in the Marcellus/Utica. Deluliis is not
Read More...In June 2019 the Cambridge (Massachusetts) Retirement System sued EQT claiming EQT’s executives had made false and misleading statements about their 2017 purchase of Rice Energy–claims about cost efficiencies that never materialized, and claims about the location of Rice leases that were not as close to EQT’s acreage as claimed (see Mass. Retirement Fund Sues
Read More...click for larger version Each year Cleveland State University publishes a report for JobsOhio looking at how much money has been invested by the private sector in the Utica Shale (and related) industry. The CSU’s eighth report (full copy below) was recently released and shows some eye-popping numbers. Total shale investment from July through December
Read More...Two years ago the Maryland Board of Public Works (BPW), which has three members (two leftwing Democrats and RINO Gov. Larry Hogan), rejected an 8-inch, 3.5-mile pipeline (tiny!) that would travel under the Potomac River, even though 12 other pipelines have previously been built under the Potomac in the same general vicinity (see Maryland Pulls
Read More...Yesterday Hart Energy held its annual (always excellent) DUG (Developing Unconventional Gas) East event. Normally the event is held at the Convention Center in Pittsburgh. This year it was an all-virtual event. Among the speakers were CNX CEO Nick Deluliis, PennEnergy Resources CEO Rich Weber, and Ascent Resources CEO Jeff Fisher. While it’s not all
Read More...LONDON—The world plans to produce more than double the amount of coal, oil and gas in 2030 than would be consistent with curbing global warming, the United Nations and research groups said on Dec. 2 in the latest warning over climate change. Some of the largest fossil fuel producers in the world, including Australia, China,
Read More...Each year East Daley Capital publishes its Midstream Guidance Outlook which looks at themes and trends affecting the midstream (pipeline) sector in the coming year. The latest version of Daley’s report has just been released and draws some interesting conclusions about the midstream in 2021. Namely, associated gas growth in the Permian and elsewhere will
Read More...MARCELLUS/UTICA REGION: Planning Commission approves natural gas development project; NATIONAL: Biden’s plan to create millions of energy jobs might work, but…; China can literally pull the plug on US high tech manufacturing and defense applications; Wheeler warns of rules by a ‘future administration’; The oil industry narrowly avoided an election disaster…now it’s showing signs of
Read More...Global oil demand will recover to pre-pandemic levels as soon as late 2022, but Pioneer Natural Resources CEO Scott Sheffield said many oil and gas independents won’t be around to see it. “There are probably going to be very few investable oil and gas independents at the end of the day,” Sheffield said Dec. 1
Read More...Katalyst Data Management has launched a new subsurface data search engine on Dec. 2, powered by Elasticsearch, in the latest release of their iGlass data management solution. The new release, named iGlass Portal ES, gives oil and gas companies the ability to use freestyle text searches on their seismic and well data volumes. This release
Read More...Solaris Oilfield Infrastructure Inc. revealed on Dec. 2 a collaboration with Amazon Web Services Inc. (AWS) to provide its customers greater insights into oilfield data, including materials and storage usage, trend analysis, equipment and performance analytics, and predictive maintenance features. Solaris believes a data platform that can both process the record levels of data being
Read More...The following information is provided by Detring Energy Advisors LLC and Oil & Gas Asset Clearinghouse LLC. All inquiries on the following listings should be directed to Detring and Clearinghouse. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions. Ankor E&P Holdings Corp. and KOA Energy LP retained Detring Energy Advisors and Oil
Read More...OPEC and Russia have moved closer to a compromise over oil supply policy for 2021 after talks earlier this week failed to yield a decision on how to tackle weak oil demand amid a second coronavirus wave, OPEC+ sources told Reuters. OPEC, Russia and allies, a group known as OPEC+, had previously been expected to
Read More...Mexico City — Braskem Idesa S.A.P.I. says the government agency responsible for forcing it to shut down its giant petrochemical complex in Mexico acted irresponsibly and endangered human life and the environment through its actions. It said it plans to take legal action against the Mexican government after the latter unilaterally suspended feedstock supplies to
Read More...‘Tis the season for mergers and acquisitions. With 2020 creaking its way toward an end (finally), we’re seeing a lot of companies announcing acquisitions. Just this week, we’ve had M&As from Singapore-based medical molder Sunningdale buying Arizona’s Moldworx for its first U.S. production, Graham Partners buying Berry Global Group’s flexible packaging converting business, ProAmpac picking
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