Thanks to the shale revolution, the United States will account for almost a quarter of global oil and natural gas production by the early 2030s, according to the head of Rystad Energy. This rising global footprint comes from continued innovation by American energy companies, which allows them to optimize operations and extract oil and natural
Read More...Cities around the United States are evaluating how to reduce their carbon footprint without harming the economy. For these cities, making smart changes to transportation, construction, and other policies allow residents to maintain a high quality of life while consciously working to mitigate the effects of climate change. In cities like Columbia, SC; Boise, ID;
Read More...The D.E. Shaw group, a significant shareholder of EQT Corporation, continues to support the Rice team and all seven of their nominees to EQT’s Board of Directors, according to a statement the company recently issued. In its press release, the D.E. Shaw group states, “We strongly believe the Rice team’s proven track record in creating
Read More...Williams, an energy infrastructure company headquartered in Oklahoma, recently completed the formation of a $3.8 billion joint venture with the Canada Pension Plan Investment Board, according to Oil & Gas 360. The Canada Pension Plan Investment Board will trade $1.33 billion for a 35% ownership in Williams’ pipeline systems, including the Ohio Valley Midstream system
Read More...Bechtel Oil, Gas & Chemicals was selected by Thai petrochemical giant PTT Global Chemical to build the Belmont County ethane cracker plant on a former coal-fired power plant in Mead Township, according to Shale Ohio. The company is also building a Shell cracker in Monaca, Pennsylvania. With two large ethane cracker plants being constructed in
Read More...Correction: Although the information contained in this article was originally distributed by a science publication and derived from a University of Toledo study, some discrepancies have been pointed out by The Athens News. The Shale Gas Reporter will take a closer look at the original study and Ohio Department of Natural Resources data to determine the full
Read More...Following a special report that pointed the finger at the shale gas industry for cases of childhood cancer in southwest Pennsylvania and a letter from residents calling for the industry to be shut down to determine whether or not there is a connection, the Marcellus Shale Coalition sent its own letter to Gov. Tom Wolf
Read More...Crude oil prices were little changed Wednesday after the U.S. Federal Reserve said the central bank will hold interest rates steady, Kallanish Energy reports. Brent crude futures were down 29 cents, or 0.47%, to $61.85 a barrel. U.S. West Texas Intermediate crude settled down 14 cents, or 0.3%, to $53.76/Bbl. Government data showed U.S. crude inventories fell
Read More...A pair of independent producers, Chisholm Oil and Gas of Oklahoma, and Gastar Exploration of Houston, which exited Chapter 11 just five months ago, announced Wednesday they’re merging, Kallanish Energy reports. No pricetag was placed on the deal. The combined company, which will operate under the name Chisholm Oil and Gas and be headquartered in Oklahoma,
Read More...Pacific Gas and Electric said Wednesday it’s reached agreements to resolve wildfire claims made by 18 local public entities (cities, counties, districts and public agencies) impacted by the 2015 Butte Fire, 2017 Northern California wildfires and 2018 Camp Fire. Under the agreements, $1 billion in payments will be made as part of a Chapter 11
Read More...Quorum Software said June 19 it had acquired Archeio Technologies, a Dallas-based provider of a new generation of well file software. Backed by private-equity firm Thoma Bravo, Quorum has been building up its portfolio, most recently acquiring Coastal Flow Measurement Inc. The company’s acquisition of Coastal Flow, which included a Quorum competitor, closed in March.
Read More...Resin distributor Chase Plastics broke ground June 18 on a $4 million expansion of its warehouse in South Bend, Ind. The expansion will add 80,000 square feet to the site, which opened in 2016. That’s an increase of 60 percent over its original size. The expansion will allow Clarkston, Mich.-based Chase to add 10-12 more
Read More...Detroit — Electronics are creating new tensions in automaker-supplier relations. The key problem, according to a new survey: Auto makers are pressing their usual desire to whittle new-vehicle parts costs, while suppliers of advanced electronics are not eager to oblige. That spells potential trouble ahead, said Dave Andrea, principal of Plante Moran, the consulting firm
Read More...OTTAWA/CALGARY, Alberta—Canada on June 18 approved as expected a hotly contested proposal to expand the western Canadian crude oil pipeline it bought last year, providing hope for a depressed energy industry but angering environmental groups. Construction on the expansion of the Trans Mountain pipeline is scheduled to resume this year, Prime Minister Justin Trudeau told
Read More...Having shed its assets outside the Permian Basin, pure-play Pioneer Natural Resources Co. is on a cost-cutting, revenue-generating, free cash flow-making, growth rate-slowing, shareholder capital-returning mission. And, “We have been laser-focused on lowering our breakeven costs,” Pioneer CFO Rich Dealy said June 19 during the JP Morgan Energy Conference. The attention on monetization comes as
Read More...