“The natural gas industry in the Appalachian Basin will see a major transformation with the Rice Brothers taking over the leadership at EQT,” commented Bryce Custer, one of the leading commercial realtors in the Appalachian Basin. Custer thinks drilling activity will become more focused in the Southwestern Pennsylvania and Southeastern Ohio. “We’ll be tracking activity,”
Read More...Another Positive Step Forward Bryce Custer, NAI ORC, comments that JobsOhio’s latest grant for the PTTGC cracker plant is making the plant construction one step closer. Custer stated, “I predict onstruction on the PTTGC cracker plant will begin when Bechtel is able to move workers from the Shell cracker plant in Monaca, Pennsylvania to Dilles
Read More...SEACOR Marine Holdings Inc. has announced that Robert Clemons has stepped down as executive vice president and COO, effective as of July 12, 2019. Clemons joined SEACOR Marine as executive vice president and COO in June of 2017, and was previously the vice president and COO of SEACOR Holdings Inc.’s Americas offshore division. “On behalf
Read More...Hillenbrand Inc., the parent company of compounding extruder maker Coperion, is buying Milacron Holdings Corp. in a cash and stock deal valued at approximately $2 billion. The transaction, announced July 12, is expected to close in the first quarter of 2020. The combined company is expected to generate annual sales of approximately $3 billion and
Read More...An intensifying tropical storm in the U.S. Gulf of Mexico (GoM) on July 11 cut more than half the region’s oil output, with energy companies evacuating staff from nearly 200 offshore facilities and a coastal refinery. Oil firms shut more than 1 million barrels per day (bbl/d) of oil production, 53% of GoM’s output, and
Read More...Tom ShepstoneShepstone Management Company, Inc. … … Toby Rice, the young, hard-charging guy who just won a war to take over EQT, the nation’s largest natural gas producer, wanted to drill in the DRBC region. Toby Rice is set to become the new CEO of the largest natural gas producer in the United States. He’s
Read More...Energy customers in Texas are becoming more and more aware of solar and other renewable energy sources available. As their knowledge increases, so have the expectations. Attorney and government relations and regulatory consultant Brandy Marquez said energy competition across the state has brought about awareness and greater expectations when it comes to cleaner and affordable
Read More...It wasn’t hard to figure out the backers of the two sides in the proxy battle between independent producer EQT and dissidents known as the Rice Team Wednesday morning, at the long-awaited annual meeting. Kallanish Energy was on hand for the meeting. Body language and facial expressions for status quo EQT, represented by CEO Rob
Read More...California utility Pacific Gas & Electric (Pg&e) knew power lines in Northern California could fail and cause wildfires, but the company delayed repairs for years before a 2018 blaze that killed 85 people, according to a Wall Street Journal investigation. The utility identified parts that needed repair on its transmission lines to prevent “structure failure resulting (in) conductor
Read More...British shale gas producer Cuadrilla said Thursday it would restart fracking at its Preston New Road site in Britain in the third quarter of 2019, with plans to use a thicker fracking fluid to help reduce earth tremors, Kallanish Energy finds. Operations at the first well at the Preston New road site in Lancashire were
Read More...Last year Pennsylvania produced the largest volume of natural gas it’s ever produced in a single year, according to the 2018 Oil and Gas Annual Report released July 10 by the Pennsylvania Department of Environmental Protection. Unconventional wells produced 6.1 trillion cubic feet of natural gas, which was an increase of .8 trillion cubic feet over
Read More...HOUSTON—Anadarko Petroleum Corp. shareholders will vote Aug. 8 on the oil and gas producer’s planned $38 billion sale to Occidental Petroleum Corp.—the biggest oil and gas deal of the year. Occidental avoided its own shareholder vote on the deal by securing a controversial $10 billion financing agreement with Warren Buffett’s Berkshire Hathaway, which allowed it
Read More...Voluntary efforts to reduce oil and natural gas methane emissions are seeing significant results, according to recently released federal data. Since its inception in 2016, more than 60 companies from all segments of the oil and natural gas industry have voluntarily participated in the U.S. Environmental Protection Agency’s Natural Gas STAR Methane Challenge Program. These
Read More...With Beda Bolzenius as its auto industry point man, KKR has scooped up two far-flung global parts companies, Nissan-controlled Calsonic Kansei of Japan and Fiat Chrysler Automobiles-controlled Magneti Marelli of Italy, spending $11 billion in less than 24 months to create an auto-parts powerhouse with combined annual sales of $16.4 billion. The new company goes
Read More...After an eventful annual shareholder meeting on July 10 where activist investors were successful in taking control of its board, EQT Corp. has now had its credit rating downgraded by Moody’s Investors Service Inc. The New York-based ratings and research firm said July 11 it had changed the rating outlook for EQT—the largest natural gas
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