Pennsylvania Attorney General, Josh Shapiro, and the anti-drilling Pittsburgh Post-Gazette, continue their tag-team effort to criminalize and humiliate Range Resources. Shapiro, a sleazy politician, is investigating so-called environmental “crimes” committed by shale companies in a bid to boost his chances of being the next nominee to run for governor (see PA AG Investigates Shale Drillers
Read More...NUR-SULTAN, Kazakhstan—Russia will carefully consider extending its oil output reduction agreement with OPEC and other producers, Russian First Deputy Prime Minister Anton Siluanov told Reuters on May 29. Moscow will weigh, in particular, the deal’s positive effect on oil prices against losses in market share to United States companies, he said. “There are many arguments
Read More...JAX LNG (click for larger version) Something’s happening in Jacksonville, Florida with respect to LNG. It seems LNG plants of various types are popping up all over in Jacksonville! Nearly one year ago Eagle LNG opened its Maxville facility which liquefies natural gas into LNG for loading onto ships that use it as fuel (see
Read More...Schaumburg, Ill. — Top management at Vital Plastics Inc. has used a data-driven approach to improve results at the custom injection molder. “When I first got here, it looked like an 18-year-old startup company,” Vital President George Hauser said May 21 at the 2019 Plastics News Financial Summit in Schaumburg. “There was a lack of
Read More...The Eastern Eagle Ford Eagle Ford operators east of the San Marcos Arch are getting analysts’ attention. One has seen its stock jump 117% this year. Another said of this side of the downturn, “Now is the fun time.” Here’s the outlook from these Eagle Ford pure players. This post appeared first on Hart Energy.
Read More...Altus Midstream Co. acquired a stake in the Permian Highway Pipeline on May 29, joining a project aimed at easing takeaway constraints that recently sent natural gas prices in the prolific basin below zero. Houston-based Altus said it exercised and closed its option to acquire a 26.7% equity interest in the Permian Highway Pipeline for
Read More...The United States is experiencing record-breaking oil and natural gas production, led by America’s independent oil and natural gas producers, according to a new IHS Markit report. The report, which was commissioned by the Independent Petroleum Association of America, finds that these independent producers – companies that do not have midstream or refining operations –
Read More...The American Energy Alliance (AEA) today released the results of a series of surveys that examined the sentiments of likely voters about tax credits for electric vehicles. The surveys were administered to 800 likely voters statewide in each of nine states, all considered important to 2020 election cycle (Missouri, Pennsylvania, Iowa, Kentucky, Georgia, South Carolina,
Read More...Broomfield City Council in Bloomfield, Colo., approved a six-month moratorium on new natural gas and oil development in the city, becoming the seventh Colorado community to impose a ban since the introduction of Senate Bill 181 in March. The moratorium passed unanimously on second reading, halting the municipal approval process for energy development until December. “We
Read More...According to the latest monthly report released by the Federal Reserve Bank of Chicago, the pace of growth in the overall U.S. economy decelerated in April. The Chicago Fed National Activity Index (CFNAI) for April dropped to -0.45 from a reading of 0.05 in March. The three-month moving average for the index slipped from -0.24
Read More...U.S. oil and gas independent Devon Energy said this morning it’s selling its Canadian assets to Canadian Natural Resources Ltd. for C$3.8 billion ($2.81 billion) in cash, Kallanish Energy reports. Devon is one of several oil producers to invest in the Anadarko Bain’s Scoop and Stack plays in Oklahoma, which is seen by some industry players
Read More...Tom ShepstoneNatural Gas NOW … … Range Resources just put out a 2018 Corporate Sustainability Report that highlights just how fast and how far it has gone in reducing emissions and impacts. We have often noted here how the natural gas industry is always three steps ahead of its opposition with respect to technology and
Read More...U.S. crude oil futures gained nearly 1% Tuesday after flooding throughout the Midwest constricted crude flow from the storage hub in Cushing, Oklahoma, Kallanish Energy learns. U.S. West Texas Intermediate futures settled at $59.14 a barrel, up 51 cents, or 0.9%, from its close on Friday before the long Memorial Day holiday weekend. Flooded areas
Read More...Liquefied natural gas export terminal Cameron LNG is preparing to load its first export shipment of LNG following the arrival of the first LNG tanker at its Louisiana facility, the Houston Chronicle newspaper reported. The Singapore-flagged LNG tanker Marvel Crane arrived in the Calcasieu Ship Channel early Tuesday morning where it later docked at the export
Read More...Last year the second biggest coal-producing state in the U.S. produced more natural gas, as measured by energy content, than coal, according to World Oil. Although it’s situated in the Appalachian Basin near the Marcellus and Utica shale plays, West Virginia has been reluctant to transition to natural gas due to coal’s foothold within its
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