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...Houston — Sustainability remains a major focus for materials makers, consumer products companies and many others in the plastics value chain. Four industry executives covered topics related to sustainability on a panel at Global Plastics Summit 2019, held June 5 in Houston. Resin maker Nova Chemicals of Calgary, Alberta, is working on resin designs to
Read More...(Editor’s note: This article was updated at 1:26 p.m. Check back for updates throughout the day.) PITTSBURGH—A packed house at the David L. Lawrence Convention Center was treated to 17 speakers on the first full day of the DUG East Conference and Exhibition on June 19. HartEnergy.com editors covered the event via Twitter dispatches below. You
Read More...The following information is provided by Meagher Energy Advisors. All inquiries on the following listings should be directed to Meagher. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions. Panhandle Oil and Gas Inc. retained Meagher Energy Advisors for the sale of Stack and Scoop leasing opportunities in Oklahoma. The sale
Read More...Plastic welding systems maker Dukane Corp. is expanding its equipment portfolio with the acquisition of Blackhawk Technology Group LLC, a contract manufacturer of laser plastic welding services and equipment based in Aumsville, Ore. Dukane announced the acquisition June 11. Terms of the deal were not disclosed. Blackhawk has an on-site machine shop, state-of-the-art lab and
Read More...All recycling in the United States, not just plastics recycling, has challenges. So a group of trade groups and a non-profit are joining together to help residents understand what should and should not go in the recycling bin with a focus on worker and equipment safety. The Think Twice poster was developed by the Institute
Read More...Mainstream environmental groups are working alongside Colorado’s oil and natural gas industry to turn the sweeping regulatory overhaul known as SB 181 into an effective, efficient workable law. But the extensive rulemaking process is being impeded by fringe “Keep It In the Ground” activists set on banning all oil and natural gas development in the
Read More...Following a “tectonic change” in global energy markets over the past decade from the shale revolution, “there is a bright future for natural gas,” according to American Gas Association President and CEO Karen Harbert. In a recent Columbia Energy Exchange podcast on the U.S. oil and natural gas industry and the infrastructure and regulatory challenges
Read More...Tom ShepstoneShepstone Management Company, Inc. … … There’s an awful lot of green pandering and talk these days by fractivist politicians, but watch what they do, not what they say. You just might be surprised. The City of Philadelphia, the State of New Jersey and Canada; all are led by fractivist politicians. Yet, amazing things
Read More...LOLA Energy was birthed near the end of 2015, by former EQT executives using private equity money from Denham Capital (see New Marcellus/Utica Drilling Company is Born – LOLA Energy). In July 2017, Rice Energy (later sold to EQT) bought the assets of LOLA Energy for $180 million, over the objections of LOLA CEO Jim
Read More...Yesterday Toby and Derek Rice delivered a presentation to EQT investors in connection with EQT’s upcoming annual meeting of shareholders on July 10 (full copy below). The presentation and the accompanying press release take direct aim at EQT’s second quarter preliminary results and postulates that instead of a “free cash flow generating machine,” the final
Read More...A group of enviro-Nazis has sunk to a new low in their holy mission to block Marcellus Shale drilling. A group of colluding Big Green groups along with sympathetic (and sycophantic) “reporters” (i.e propagandists) from the Pittsburgh Post-Gazette are exploiting the pain and suffering of southwestern PA families of children who have cancer in their
Read More...NJ Transit is planning to build a 140-megawatt natural gas-fired electric plant in Kearny, NJ to power a microgrid that in turn would power rail lines during weather emergencies and power outages. The state is using federal money allocated to improve reliability and resilience of mass transportation during weather events to fund the project. This
Read More...Two oilfield service (OFS) companies, C&J Energy Services and Keane Group, have announced a “merger of equals” in which the two will combine into one with using an all-stock merger. Both C&J and Keane have operations in the Marcellus/Utica region. Both companies previously merged with or bought out other companies. This certainly seems to be
Read More...Michael LynchPresident, Strategic Energy and Economic Researchand Master Resource Contributor … . .. John Michael Greer, like other modern-day Malthusian crackpots, is making a living scare-mongering but his facts don’t add up and his theories are nonsense. A review of John Michael Greer’s essay-collection book, Collapse Now and Avoid the Rush, provides a good summary of
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