Crude oil prices plunged Thursday on a smaller-than-expected decline in U.S. crude inventories and fears of a global economic slowdown due to the U.S.-China trade war, Kallanish Energy understands. The U.S. Energy Information Administration reported crude stockpiles fell nearly 300,000 barrels last week, less than the 900,000 Bbl decline analysts forecast in a Reuters poll, and
Read More...Columbus Business First compiled a list of Ohio’s top 10 shale oil and gas producers in 2018. The list is as follows: Ascent Resources Utica LLC Gulfport Energy Corp. Rice Drilling D LLC Chesapeake Exploration LLC Antero Resources Corp. Eclipse Resources I LP CNX Gas Company LLC Equinor USA Onshore Properties XTO Energy Inc. Gulfport
Read More...Crestview Partners LP has jumped into the mold and tooling sector — a place where few private equity companies have gone — to purchase Concours Mold Inc., a big Canadian automotive mold maker with a multinational footprint. And the New York-based Crestview wants to buy more mold makers. “Certainly, we’re looking to deploy meaningful capital
Read More...Major mold maker Tooling Tech Group has purchased Alpha Integration Inc., a company in Murfreesboro, Tenn., that provides custom automated assembly and inspection equipment. Tooling Tech announced the acquisition May 30. Terms were not disclosed. Alpha Integration employs about 45 people. The company will continue to operate out of its Murfreesboro location while its business
Read More...Tom ShepstoneNatural Gas NOW … … Coal to gas switching in electric generation has averted 95 million tons of CO2 emissions and reduced them by 15% from what they would have been. Anyone worried about CO2 emissions ought to absolutely love natural gas. Coal to gas switching with respect to electric generation has had a
Read More...Maya van Rossum, who fancies herself as THE Delaware Riverkeeper, has her knickers in a twist. She’s just woken up to the fact that New Fortress Energy, which is building an LNG liquefying plant in northeastern Pennsylvania (see Big News! Marcellus LNG Export Plant Coming to Landlocked NEPA), will truck the LNG to a port
Read More...Antero Resources sued EnerQuest Oil & Gas in a Texas court last year claiming EnerQuest had solicited and received trade secrets for a pair of landmen who live and work in Texas. A lower court dismissed the lawsuit based on a technicality (because the solicitation from EnerQuest came via email), claiming Texas does not have
Read More...Our favorite government agency, the U.S. Energy Information Administration, collects data on all aspects of the U.S. energy industry. We spotted a newly updated spreadsheet issued by EIA that lists all “liquids” pipeline projects from 2010 to the present (and planned into the future). That caused us to look for another spreadsheet EIA produces (also
Read More...Louisiana is a key player in producing and refining America’s oil and natural gas resources, and as such has been the target of “Keep It In the Ground” activism that has particularly focused on an important piece of critical infrastructure: pipelines. Recently, the national interest groups Center for Constitutional Rights and 350.org joined with at
Read More...Jim WillisEditor & Publisher, Marcellus Drilling News (MDN) Pennsylvania State Senators Bartolotta and Stefano have taken on Governor Tom Wolf’s phony “Restore PA” severance tax gambit and turned it upside down. Last month, MDN told you Pennsylvania State Senators Camera Bartolotta (Washington County) and Pat Stefano (Fayette County) had beaten PA Gov. Tom Wolf at his own
Read More...Robert Bradley, Jr.Founder and CEO of the Institute for Energy ResearchPrincipal, MasterResource: A Free-Market Energy Blog.. . .. Deep Green Resistance is too frequently dismissed as a fringe group not warranting our time but a close examination shows just the opposite. It’s dangerous. “When civilization ends, the living world will rejoice. We must be biophilic
Read More...Schaumburg, Ill. — Michael Plotzke is still learning after more than 30 years on the job at Plastipak Holdings Inc. “A big part of the CFO role is looking at infrastructure and systems,” Plotzke said in his keynote address at the 2019 Plastics News Financial Summit. “And you have to understand that technology is driven
Read More...The U.S. Supreme Court has rejected hearing a case appealed from a lower court by a group of Lancaster County landowners who claim Williams and their Atlantic Sunrise Pipeline project abused eminent domain authority by building the pipeline before litigating (for years) how much money landowners should receive–landowners who refused to negotiate in good faith
Read More...In April MDN told you that Pennsylvania State Senators Camera Bartolotta (Washington County) and Pat Stefano (Fayette County) had beaten PA Gov. Tom Wolf at his own game by offering to pay for his so-called Restore PA plan, not by using a severance tax on shale production, but instead by allowing more shale drilling on
Read More...In April, West Virginia Gov. Jim Justice, who is pro-coal (because much of his personal fortune comes from coal), took a swipe at shale drillers claiming shale is responsible for the poor condition of roadways in the Mountain State (see WV Gov. Justice Blames Shale for Bad Roads, Wants Higher Taxes). The shale industry begs
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