Tom ShepstoneShepstone Management Company, Inc. … … The Dimock pigs to rigs lawsuit continues to move backward for the attorneys who brought it. Ray Kemble, their supposed client, claims ignorance. Whoa! “Curiouser and curiouser.” Ray Kemble, rough-cut hero, it often seems, of the fractivist movement everywhere but Susquehanna County, is now “basically placing all the
Read More...Gary Gould has more than three decades of oil and gas industry experience, but his last position lasted just 1% of that timeframe. Gould, who left the employ of oil producer Continental Resources to join EQT Corp., the U.S.’s largest dry gas producer, lasted exactly five months – less than one month in the employ
Read More...Crude oil prices fell more than 4.3% Wednesday, to a seven-month low, extending recent heavy losses following a surprise build in U.S. crude stockpiles and fears demand will shrink due to Washington’s growing trade war with Beijing. Brent crude futures dropped 4.4%, to $56.35 a barrel, a seven-month low. Prices have lost more than 20%
Read More...South Dakota tribal leaders are requesting a public hearing in North Dakota about a proposed increase in crude oil carried by the Dakota Access Pipeline (Dapl), Kallanish Energy reports. Energy Transfer Partners plans to expand the pipeline’s capacity from more than 500,000 barrels per day, to as much as 1.1 million barrels per day (Mmbpd)
Read More...Traverse City, Mich. — Lon Offenbacher, president and CEO of Inteva Products LLC, is looking on the bright side as a Tier 1 supplier to a fluctuating, and increasingly high-tech heavy, automotive industry. The top executive said successful navigation of the constant change comes down to knowing what people are buying, where they are buying
Read More...Tom ShepstoneShepstone Management Company, Inc. … … The Atlantic Sunrise pipeline just prevailed again in Federal court over a very well funded Sierra Club attempt to thwart future pipeline development. The Atlantic Sunrise has been operating for months but its owners just won an academic case in Federal court that was orchestrated by the Sierra
Read More...The United States is a living example that it’s possible to both protect the environment and grow the economy. That was a major theme at the Global Energy Institute’s recent Energy Innovates Summit, where policymakers, energy industry leaders, and regulators came together to discuss the future of U.S. energy. The gathering of high-profile attendees included,
Read More...Chesapeake stock performance last 5 yrs (click for larger version) Chesapeake Energy released its second quarter 2019 update yesterday. The company continues its mission to transform itself from a natural gas producer into an oil producer. The company is on track to produce 250,000 barrels per day (bpd) of oil in 2019 (averaging 122,000 bpd
Read More...Last Thursday the Texas Eastern Transmission Company (TETCO) pipeline exploded near a trailer park in Lincoln County, Kentucky (see TETCO Pipe Explodes in Kentucky Killing 1; Southbound M-U Gas Stops). The blast and resulting fire killed one woman, injured five more, and destroyed five homes in the area. It shut down the pipeline in that
Read More...Marcellus/Utica gas hitches a ride to the Gulf Coast to feed several LNG export facilities. We previously outlined how some gas flows to Cheniere’s Sabine Pass LNG plant via Williams’ Transco system (see Williams Confirms Transco Now Ships Gas Directly to Cheniere LNG). We also told you about Utica gas reaching Sabine Pass via a
Read More...PennEast Pipeline is a $1 billion (or $1.2 billion, depending on the source) new greenfield pipeline project from Luzerne County, PA to Mercer County, NJ. PennEast will flow PA Marcellus gas to markets in NJ. The project has faced numerous lawsuits and regulatory blockades, much of it in NJ. We won’t recount all of the
Read More...Pennsylvania state officials in the Gov. Tom Wolf administration (yes, lib Dem Tom Wolf) are drawing up plans, a “playbook,” for how to redevelop the increasing number of coal-fired electric generating plants that are closing in the state. Most of those plans boil down to this: redevelop those sites as natural gas-fired electric plants and/or
Read More...LONDON—Oil prices fell further on Aug. 7, extending recent heavy losses as deepening U.S.-China trade tensions weighed on the outlook for the global economy and energy demand. Brent crude futures were down $1.04, or 1.75%, at $57.90 a barrel by 7:51 CDT, setting a fresh seven-month low. Prices have lost more than 20% since hitting
Read More...CAIRO—Saudi Arabia Energy Minister Khalid Al-Falih met U.S. Energy Secretary Rick Perry on Aug. 6 in Washington and said both sides expressed concern over threats targeting freedom of maritime traffic in the Arabian Gulf. “The meeting… dealt with the two countries’ concern over threats targeting freedom of maritime traffic in the Arabian Gulf. We affirmed
Read More...Traverse City, Mich. — The automotive industry talks a lot about disruption and how the speed of change is accelerating, as automakers and suppliers reorganize and adapt to the advanced technology embedded within four letters: CASE (Connected, Automated, Shared and Electrified). But Toyota Motor Corp.’s Wayne Powell views the disruption and change as a “discontinuity
Read More...