Kimbell Royalty Partners said Monday it’s closed the previously announced purchase of oil and gas royalty assets from EnCap Investments for roughly $171.6 million in Kimbell Royalty Operating stock. The acquisition includes oil and natural gas mineral and royalty interests previously controlled by EnCap through Phillips Energy Partners, Phillips Energy Partners II and Phillips Energy Partners
Read More...Tom ShepstoneNatural Gas NOW … … Senator Mike Lee gives a silly speech illustrating the sheer fantasy of the Green New Deal and nails what it’s all about; virtue signaling by chic elites. I find very little to like about Senate Majority Leader Mitch McConnell but he impressed me this week by scheduling a vote
Read More...Tom ShepstoneNatural Gas NOW … … The head of the International Energy Agency has just declared 2018 was another “golden year of gas” worldwide with gas representing almost half of demand. Yes, Dr. Fatih Birol, Executive Director of the International Energy Agency, just said this: “Last year can also be considered another golden year for
Read More...Crude oil rose sharply Tuesday as Opec+ supply cuts and expectations of lower U.S. inventories outweighed concern about weaker demand due to a potential worldwide economic slowdown. Brent crude was up 70 cents at $67.89 a barrel, not far from its 2019 high of $68.69/Bbl hit on March 21, Kallanish Energy reports. U.S. West Texas
Read More...Venezuela’s main oil port of Jose, operated by state-run oil giant Pdvsa, was virtually shut down following a massive power blackout Monday, two oil industry workers and a union leader close to the facility told Reuters. The most recent oil shipment for export, on very large crude carrier Dragon, chartered by Russia’s Rosneft, left the
Read More...More than $200 billion is expected to be invested in U.S. petrochemicals as the region becomes an energy exporter, and this unprecedented growth has created a new set of core challenges for the industry to contend with. × As the U.S. petrochemicals industry investment renaissance continues and both the supply and demand for U.S. plastic
Read More...The Federal Energy Regulatory Commission plans to review two pipeline expansions in Pennsylvania, according to Seeking Alpha. Transco’s Leidy South project and National Fuel Gas’ FM100 project will undergo environmental assessments. An environmental assessment rather than a full environmental impact statement can mean a shorter review to arrive at a decision. The Leidy South project
Read More...Stephen HeinsEnergy Consultant“The Word Merchant” … The American NGO community, financed by the likes of the Rockefeller family, is making difficult for ordinary Canadians, insuring nothing ever gets built. The great Vivian Krause has done a remarkably thorough job of detailing the enormous amount of money flowing from the American NGO community to environmental organizations
Read More...Recently, Hart Energy was put in touch with a group of high school students from Morgantown, West Virginia. The students are from Morgantown High School. The group took part in the PBS News Hour Student Reporting Lab’s Opportunity in America. Their report takes a look at how the boom in natural gas pipeline construction is offering
Read More...Keep It Grounded In Fact(American Fuel & Petrochemical Manufacturers) The Con Ed moratorium on new gas connections is creating fallout from the Keep It in the Ground movement that normally supportive New Yorkers don’t like. When Gov. Andrew Cuomo formally banned fracking in New York State in December 2014—which subsequently eliminated 191,800 job
Read More...Tom ShepstoneShepstone Management Company, Inc. Rep. Jonathan Fritz’s DRBC Eminent Domain Activity Act has received a bi-partisan recommendation from the House Environmental Resources and Energy Committee! The DRBC takings bill, has been reintroduced in the Pennsylvania Senate as SB 305, the “Delaware River Basin Commission Eminent Domain Activity Act.” The same bill was also
Read More...March 26, 2019 Updated 3/26/2019 Email Print Tank Holding Corp. Olympus Partners has taken over ownership of Tank Holding Corp., the largest rotational molder in North America. Stamford, Conn.-based private equity firm Olympus Partners has acquired Tank Holding Corp., the rotational molder of tanks, for the second time in a decade. Olmpus is buying North
Read More...March 26, 2019 Updated 3/26/2019 Email Print Wohlers Report 2019 Sales of materials for polymer powder bed fusion were at an all-time high in 2018. Figures are in millions of dollars. Materials innovations for additive manufacturing and 3D printing is expanding at a robust pace and achieved record growth in 2018, especially in metals, according
Read More...While the U.S. cracker wave on the back of the shale gas boom is getting much of the attention, big oil and gas players in the Middle East are lining up megaprojects that could shift the landscape of global petrochemicals from 2025 and beyond. Driving this push from oil companies is the growing realization that
Read More...Lower heating costs – brought on by increased natural gas production from the shale revolution – reduced winter mortality rates from 2000 to 2010, according to a new National Bureau of Economic Research paper. As the NBER paper explains, “We find that lower heating prices reduce mortality in winter months. The estimated effect size implies
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