EdgeMarc Energy Holdings, an independent producer backed by Goldman Sachs’s private equity arm and the Ontario Teachers Pension Fund, is filing for Chapter 11 bankruptcy, following an explosion in Energy Transfer’s Revolution Pipeline in Beaver County, Pennsylvania, according to Kallanish Energy. “Since the explosion of the Revolution pipeline in 2018, EdgeMarc’s production has been significantly
Read More...A newly-reorganized Colorado Oil & Gas Conservation Commission (COGCC) held another meeting today as they continue the rulemaking process for the recently passed oil and gas legislation. The meeting started with the introduction of new commissioners that were appointed by Governor Jared Polis last week. The commissioners come from a diverse array of backgrounds and
Read More...KIEV, Ukraine— United States Energy Secretary Rick Perry said on Tuesday that a sanctions bill putting onerous restrictions on companies involved in the Nord Stream 2 project would come in the “not too distant future.” The Nord Stream 2 gas pipeline project has come under fire from the United States and several eastern European, Nordic
Read More...Jennifer StewartSenior Vice President for Government and Regulatory AffairsSouthwestern Energy Co. … … The natural gas industry is making enormous progress and, in fact, leading the way in reducing emissions, says Southwestern Energy, one its own leaders. As the world’s top natural gas producer, the United States is also leading the world in curbing emissions.
Read More...Perhaps no quote encapsulates the overall importance that the late George Mitchell held in the development of U.S. shales and the growth of America’s position in world energy markets than this one. “George Mitchell dramatically changed America’s energy position,” IHS Markit’s Daniel Yergin told Oil and Gas Investor’s Leslie Haines following the shale pioneer’s death
Read More...Global investment behemoth KKR and privately-held Western Natural Resources Monday announced they are partnering to acquire producing and undeveloped oil and gas assets in the Williston Basin. KKR’s investment amount was not disclosed, Kallanish Energy reports. Western CEO Heath Mireles and his team bring operating experience to the partnership, having drilled, completed and operated thousands of
Read More...Independent producer Roan Resources said Monday it’s hired Citigroup Global Markets and Jefferies to assist the company in evaluating “strategic alternatives,” Kallanish Energy reports. Roan said it’s received multiple unsolicited indications of interest for an outright purchase of the company, as well as inquiries from potential consolidation partners. Oklahoma-based Roan has formed a transactional working
Read More...In April 2019, Venezuela’s crude oil production averaged 830,000 barrels per day, down from 1.2 million barrels per day (Mmbpd) at the beginning of the year, according to the Energy Information Administration. Last month’s average is the lowest level since January 2003, when a nationwide strike and civil unrest largely brought the operations of Venezuela’s
Read More...May 20, 2019 Updated 5/20/2019 Email Print File photo Braig Oden Technologies Inc., a supplier of industrial automation, predictive analytics, and process monitoring and data integration systems, wants to build relationships with plastics machinery manufacturers — and the company has appointed machinery veteran Steve Braig to lead the effort. “Using Oden’s platform, machine makers can
Read More...The Permian Basin’s burgeoning natural gas output is muscling its way into markets that have been dominated by other plays, threatening to dent growth aspirations in Appalachia and the Haynesville Shale by 2020, an OPIS analyst said during a recent webinar. The culprit is associated gas, which accounted for 7% of the U.S. gas market
Read More...Hart Energy’s exclusive rig counts measure drilling intensity. Our counts exclude units classified as rigging up or rigging down, and also exclude rigs drilling injection wells, disposal wells or geothermal wells. The result is our most accurate assessment of rigs on location working on oil or gas programs as of the sample date. While our
Read More...The following information is provided by EnergyNet. All inquiries on the following listings should be directed to EnergyNet. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions. An affiliate of Cornerstone Petroleum Resources LLC (CPR) retained EnergyNet for the sale of East Texas assets through auctions closing May 26. The sale
Read More...May 20, 2019 Updated 5/20/2019 Email Print Arburg GmbH + Co. KG Arburg officials at the groundbreaking for Hall 23, its new assembly plant for large injection molding presses. German machinery maker Arburg GmbH & Co. KG has started construction on a new assembly plant for the production of its large Allrounder injection molding machines
Read More...May 20, 2019 Updated 5/20/2019 Email Print Bill Bregar Plastics Machinery Group will have space to show machines in operation with its new facility. Bedford Heights, Ohio — Plastics Machinery Group has invested about $700,000 to renovate a factory building into a showplace for injection molding presses, extruders, blow molders, thermoforming machines, rotational molding machines
Read More...May 20, 2019 Updated 5/20/2019 Email Print Frank Esposito Robert Tocci of Aaron Industries Corp. and Emily Blair of Milliken. Cleveland — Aaron Industries Corp. has partnered with Milliken to improve compounds based on recycled polypropylene. Aaron launched Jet-Flo-brand recycled PP compounds. The high melt flow materials use Milliken’s DeltaMax-brand performance modifier. At the Compounding
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