Low natural gas prices have left Pennsylvania property owners with diminished royalty checks, despite record amounts of gas being pulled from the commonwealth’s shale plays, according to the Pittsburgh Post-Gazette. The low prices, driven by a supply that has outpaced demand, have angered shareholders and forced shale companies to slow new development. Meanwhile, royalty owners
Read More...We are seeing values of Ohio River front property trading in the range of ~$10,000/acre to highs of $150,000/acre and in rare instances values are above $150,000/acre (higher values are based upon “clean” brownfields and useable acreage. Properties commanding top dollar are range in size from 25 – 50 acres with active rail and barge
Read More...Houston-based e-commerce platform GoExpedi has collaborated with Ensign, a Canada-based drilling company, to provide Ensign’s fleet of drilling rigs with an innovative new technology tool that will significantly enhance its supply chain capability to support their drilling operations. Ensign has identified GoExpedi as a partner within the e-commerce, supply chain and logistics space. “We see
Read More...Ahead of tonight’s third Democratic presidential debate in Houston, the energy capital of the world, EID is taking a deeper dive into several candidates’ climate plans and their potential impacts on America’s power grid. Top tier contenders including Joe Biden, Elizabeth Warren, Bernie Sanders, and Kamala Harris have laid out plans to achieve a net-zero
Read More...Earlier this week, a Pennsylvania Commonwealth Court ruled Senator Andrew E. Dinniman lacks the legal standing to challenge the construction and operation of Sunoco’s contentious Mariner East pipeline system, according to The Philadelphia Inquirer. The court ordered the Public Utility Commission to dismiss Sen. Dinniman’s complaint, ruling lacked both personal and legislative standing to challenge
Read More...Colombia Court Maintains Moratorium On Fracking The decision by three magistrates from the Council of State, which is tasked with ruling on administrative matters, comes amid a larger case about the use of hydraulic fracturing, which breaks up rock formations with pressurized liquid. This post appeared first on Hart Energy.
Read More...LONDON—Global oil demand is weathering economic headwinds, the International Energy Agency (IEA) said on Sept. 12, buoyed by lower prices brought on by abundant supply as the United States briefly dethroned Saudi Arabia as the world’s top exporter. “With oil prices currently about 20% lower than a year ago, there will be support for consumers,”
Read More...Colombia Court Maintains Moratorium On Fracking The decision by three magistrates from the Council of State, which is tasked with ruling on administrative matters, comes amid a larger case about the use of hydraulic fracturing, which breaks up rock formations with pressurized liquid. This post appeared first on Hart Energy.
Read More...Truman’s Cleaning LLC, a direct-to-consumer startup that makes concentrated hard-surface cleaning products, has raised a $5 million minority investment led by German consumer-products giant Henkel AG & Co. KGaA. The deal comes just over six months after Lexington, Ky.-based Truman’s launched, propelled early on by a video that’s gotten more than 1 million views just
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. Vendera Resources LP retained EnergyNet for the sale of an Arkansas well package through an auction closing Sept. 18. The offering comprises nonoperated working
Read More...The Potential Gas Committee (PGC), a private non-profit organization loosely affiliated with the Colorado School of Mines, performs a comprehensive study of potential supplies of natural gas in the United States every two years. The latest biennial study has just been published and finds natural gas supplies in the “Atlantic” area, which includes the Marcellus/Utica
Read More...Yesterday MDN brought you news of the U.S. Court of Appeals for the Third Circuit ruling that disallows PennEast Pipeline from using the delegated power of eminent domain to cross properties either owned by, or with easements granted to, the state of New Jersey (see Federal Court Rules PennEast Pipe Can’t Run Thru NJ State
Read More...What’s the status of Atlantic Coast Pipeline (ACP), a 600+ mile pipeline that will run from West Virginia through Virginia and into North Carolina? Only 35 miles of pipeline is currently built, and all construction, at the moment, is blocked by the U.S. Fourth District Court of Appeals. Almost all of the workers for the
Read More...You may recall news from last year that an Ohio Supreme Court ruling requires landmen to have a real estate license in order to get paid–IF they are compensated via a commission and/or royalties for the deals they broker (see OH Supreme Court Rules Independent Landmen Need Real Estate License). However, IF a landman is
Read More...Any LNG (liquefied natural gas) export facility built or planned along the Eastern seaboard or Gulf Coast is critically important for the Marcellus/Utica. Why? Because they are BIG users of natural gas, big important (new) markets for our gas. Yes, M-U gas flows all the way to the Gulf Coast, to both Louisiana and Texas.
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