Connie MellinNatural Gas NOW“PAShaleAdvocate” The UGI Bethlehem liquified natural gas facility is now online and ready to supply LNG to meet demands of power plants during peak times. UGI Energy Services, LLC held a ribbon cutting today to celebrate their new LNG facility coming online. The Bethlehem LNG Facility will be a great asset
Read More...Occidental Petroleum Corp. posted a bigger-than-expected quarterly loss on Nov. 9, as it reeled from a plunge in crude prices due to the COVID-19 crisis, sending the oil and gas producer’s shares 5% lower in extended trading. The Houston-based company has been forced to slash jobs, production and the value of its assets after the
Read More...U.S. rig count rises–largest gains in Gulf Coast, Permian Basin The U.S rig count is up 14% over the last month but down 57% year-over-year, according to Enverus. The firm reported that the largest week-over-week gains by major basin were in the Gulf Coast (five new) and Permian (10 new). According to the Enverus’ upcoming
Read More...It’s a battle of old vs. new technology, legacy oil & gas software vs. modern cloud-based solutions. W Energy Software appears to be winning on all fronts – by keeping their clients at the heart of all they do. Today, the oil & gas software space is dominated by a few large legacy software vendors
Read More...Oil prices surged about 8% on Nov. 9, its biggest daily gain in more five months, after Pfizer announced promising results for its COVID-19 vaccine. Brent crude settled at $42.40/bbl, up $2.95, or 7.48%, while WTI crude in the U.S. settled at $40.29/bbl, rising $3.15, or 8.48%. Oil markets also rose after Saudi Arabia suggested
Read More...Abraxas Petroleum Corp. said Nov. 9 it had regained compliance with NASDAQ after a reverse-stock split boosted the company’s share price. The NASDAQ Stock Market LLC warned Abraxas earlier this year that the company was not in compliance with its continued listing rules, which requires a minimum average closing price of $1 per share over
Read More...Genusee Inc., a startup in Flint, Mich., that recycles plastic water bottles into stylish eyeglasses, has got the kind of angel funding most startups can only fantasize about, cashing checks from investors with a geographic range from Silicon Valley to New York City, from a co-founder of Tesla to a financial adviser to Barack Obama.
Read More...Hess Corp. recently completed the multimillion-dollar sale of its interests in the Shenzi Field in the deepwater Gulf of Mexico (GoM) to BHP Group Plc. BHP, the operator of the Shenzi Field, had agreed in early October to the acquisition of Hess’ 28% working interest in the offshore oil field for $505 million. The Shenzi Field
Read More...The following information is provided by RedOaks Energy Advisors LLC. All inquiries on the following listings should be directed to RedOaks. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions. A private seller has retained RedOaks Energy Advisors LLC as its exclusive adviser in connection with the sale of its Haynesville
Read More...Drew Foam Cos. Inc. has a new owner after just two years under the wing of private equity firm Branford Castle Partners LP. The Monticello, Ark.-based company that specializes in quick-turnaround expanded polystyrene products announced Nov. 9 that it has been sold to another private equity firm, Wynnchurch Capital. Terms of the deal were not
Read More...Erie, Pa. — Beaumont Family of Cos. will serve as the North American technology demonstration and trial center for Roctool SA, the French maker of induction systems that can rapidly heat and cool molds. The partnership will allow customers to evaluate and learn more about Roctool’s technology, according to Beaumont Vice President Alex Beaumont. “Our
Read More...Joe Biden and Kamala Harris have been declared the victors of the election (prematurely) by the Democrat mainstream media. President Trump is rightly challenging massive voter fraud and “software glitches” in vote tabulating software used in 28 states (which you won’t read about in Democrat media). So it’s not over yet. However, let’s assume Biden/Harris
Read More...That didn’t take long. Following the Democrat media’s declaration Biden won (even though the election has not yet been certified), Biden released a new energy “transition” plan–this morning. In the plan, Biden calls for cutting natural gas usage nationwide by electrifying everything and eliminating all “non-carbon” power production. His minions are gushing about how Biden
Read More...Radical anti-fossil fuel groups have not given up hope they can somehow, at the last minute, block the $10 billion Shell ethane cracker plant (about a year from being completed) from ever starting up. Perhaps Biden’s “victory” has given them a little boost of irrational exuberance? In 2015 the Pennsylvania Dept. of Environmental Protection (DEP)
Read More...Pennsylvania Gov. Tom Wolf and his Dept. of Environmental Protection (DEP) continue to push a plan that will raise Pennsylvania residents’ electric rates by 50% or more, a carbon tax plan called the Regional Greenhouse Gas Initiative (RGGI). The DEP will conduct 10 three-hour virtual public hearings between Dec. 8 and 14. There will be
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