“This increase in activity is from zero to ‘some’ activity. I wouldn’t characterize this as ‘leaning into’ a gas market,” Shane Young, Coterra Energy’s CFO, told investors. This post appeared first on Hart Energy.
Read More...IOG Resources II is expanding in Appalachia with an acquisition of Utica working interests in eastern Ohio. This post appeared first on Hart Energy.
Read More...Western Midstream is investing up to $450 million to expand its produced water infrastructure, including the Pathfinder pipeline to transport produced water to disposal facilities in the Delaware Basin. This post appeared first on Hart Energy.
Read More...U.S. President Donald Trump on Feb. 26 said he was reversing a license given to Chevron to operate in Venezuela. This post appeared first on Hart Energy.
Read More...Electricity needs across the U.S. are expected to soar as industrial and manufacturing facilities, data centers and other consumers crave more power. BKV is exploring ways to bridge the gap between demand and energy supply. This post appeared first on Hart Energy.
Read More...The Wisconsin Department of Justice and Attorney General Josh Kaul are facing a lawsuit over serious concerns about outside influence in state legal affairs. At the heart of the controversy is Kaul’s decision to hire a Special Assistant Attorney General (SAAG) whose salary is paid by the Bloomberg-funded State Energy & Environmental Impact Center at
Read More...Coterra Energy, formed by the merger of Cabot Oil & Gas (drills for natural gas in the Marcellus) and Cimarex Energy (drills for oil in the Permian and Anadarko basins), issued its fourth quarter and full-year 2024 update yesterday. The headline news (for us) is that the company announced it will restart its Marcellus drilling…
Read More...Yesterday, the Pennsylvania Independent Fiscal Office (IFO) released its latest quarterly Natural Gas Production Report for October through December 2024 (full copy below). There were 84 new horizontal wells spud (drilled) in 4Q24, a decrease of 26 wells (-24%) compared to 4Q23. However, 4Q’s spud number increased from the 63 drilled in the prior quarter,…
Read More...The Pennsylvania Senate Appropriations Committee held a budget hearing yesterday in Harrisburg. The Department of Environmental Protection’s Acting Secretary Jessica Shirley was on the hot seat. Although many topics were discussed, Senators were most interested in speeding permit reviews, Governor Shapiro’s Lightning Energy Plan, and the Regional Greenhouse Gas Initiative (RGGI) carbon tax Shapiro insists…
Read More...MDN has written numerous posts about AI (artificial intelligence) and the data centers that provide the computing power AI requires. Why? AI data centers use enormous amounts of electricity, most of which is generated by natural gas-fired power plants. Some 25% of all the data centers currently operating in the country are located in northern…
Read More...U.S. power generators plan to retire about 8.1 gigawatts (GW) of coal-fired power generation capacity this year, roughly double the amount that was retired in 2024, the Energy Information Administration said on Tuesday. In addition, power generators plan to retire 2.6 GW of U.S. natural gas capacity, representing 0.5% of the natural gas fleet in…
Read More...With 57 wells already in one “row” development, Coterra Energy has 16 more underway, plus rigs at work on two more mega-DSU developments totaling 90 wells. This post appeared first on Hart Energy.
Read More...Macquarie Asset Management will acquire the remaining controlling interest in Galehead Development as part of a deal that will make Galehead a subsidiary of Treaty Oak Clean Energy. This post appeared first on Hart Energy.
Read More...SLB’s deal to acquire ChampionX received clearance under the U.S.’ Hart-Scott-Rodino Antitrust Improvements Act. This post appeared first on Hart Energy.
Read More...Diamondback Energy added southern Midland Basin locations through an acreage swap with TRP Energy. This post appeared first on Hart Energy.
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