Industry News

Report: ExxonMobil Scouting Property for Second Cracker in Beaver County

ExxonMobil is reportedly looking for land to build a large chemical plant in Beaver County, PA. The Pittsburgh Business Times is reporting that agents representing ExxonMobil are scouting riverfront property in Beaver County to build a cracker — a large plant that turns natural gas into plastics and chemicals. The paper reports that brokers representing

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Canton, Ohio Open for Business for Pennsylvania Cracker Plant

courtesy Alison Matas, The Canton Repository The Canton Regional Chamber of Commerce, with the support of Strengthening Stark, intends to hire the Ohio River Corridor company. It might look like the oil and gas boom is over, but economic development leaders say for Stark County, things are just getting started. The Canton Regional Chamber of

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Marketed: Lilis Energy Non-Producing Permian Basin Leasehold

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. Lilis Energy Inc. retained EnergyNet for the sale of non-producing Permian Basin leasehold in Reeves County, Texas, through a sealed-bid offering closing Nov. 7.

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LNG Terminals Being Built Everywhere to Accept Natural Gas!

 ... … … LNG terminals are being built across the world to accept natural gas. They can get it from Australia, Russia or us. Who will it be? Us we hope and expect. At a recent natural gas conference, some attendees indicated that international natural gas demand would continue to grow at a double-digit rate due to

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Small Oil, Gas Companies Get Cold Shoulder From Large Banks

The largest banking lenders to the oil and gas sector are becoming more cautious, marking down their expectations for oil and gas prices that underpin loans in a move expected to put further financial stress on struggling producers, industry and banking sources said. Major banks including JPMorgan Chase, Wells Fargo and Royal Bank of Canada

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Investors Brace For Poor US Shale Earnings Amid Weak Oil, Gas Prices

Investors are bracing for weaker results from U.S. shale players in coming days as lower oil and natural gas prices and cost-cutting measures have weighed on third-quarter operations. Major shale producers ConocoPhillips and Concho Resources this week kick off quarterly earnings reports for a group whipsawed this year by volatile pricing and investor demands for

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Rockefeller Family Invests in Upstate Green Coal Project

Tom ShepstoneShepstone Management Company, Inc. …. ….  The Rockefeller is making something old new again as it seeks to revive Upstate New York, especially the Catskills and Adirondacks, with green coal. Upstate New York is desperate. It faces economic oblivion from New York’s high taxes and blue state energy policies that amount to doing absolutely

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Shale Gas News – October 26, 2019

Bill desRosiersExternal Affairs Coordinator, Cabot Oil & Gas … … The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM and Sundays on YesFM, talked about our electricity future, public land drilling, Trump’s speech at Shale Insight and much more last week. The Shale Gas News has grown again; welcome Gem 104

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Trump wants deal with XOM, or others to tap Syrian oil

President Trump said Sunday he’s interested in making a deal with ExxonMobil or another producer to tap Syrian oil reserves, Kallanish Energy reports. “What I intend to do, perhaps, is make a deal with an ExxonMobil or one of our great companies to go in there and do it properly … and spread out the wealth,” he

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PG&E shuts off power to 940,000 as CA wildfires rage

Millions of Californians were without power Sunday as Pacific Gas and Electric Co. implemented its largest-ever blackout to prevent wildfires during high and hot winds, Kallanish Energy reports. The outages extend from parts of California’s Humboldt County to the Salinas Valley and were expected to reach a portion of the state’s Kern County by Sunday

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Offshore wind set to be $1T business by 2040: IEA

Offshore wind should become a $1 trillion business by 2040, the International Energy Agency (IEA) said Friday, with global capacity set for a 15-fold increase, Kallanish Energy reports. According to the IEA’s Offshore Wind Outlook 2019, investment last year in the sector neared $20 billion, compared to under $8 billion in 2010. With today’s investment

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Lawsuit claims Encino underpaid landowners at least $5M for royalties

A recently-filed class action lawsuit claims Encino Energy and its affiliates underpaid landowners in Columbiana and Carroll counties in Ohio at least $5 million for oil and natural gas royalties, according to Farm and Dairy. The lawsuit was filed in the U.S. District Court for the Northern District of Ohio on Oct. 18 by the

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Trump Suggestion Of Taking Syrian Oil Draws Rebukes

President Donald Trump’s suggestion on Oct. 27 that Exxon Mobil Corp. or another U.S. oil company operate Syrian oil fields drew rebukes from legal and energy experts. “What I intend to do, perhaps, is make a deal with an Exxon Mobil or one of our great companies to go in there and do it properly

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Land Rig Market Softens As Operators Tighten Belts

Throw a rock in the financial district in Manhattan these days and you are bound to hit someone who is bearish on the outlook for oil and gas. Wall Street has all but abandoned the sector as an investment destination, and while commodities prices have continued to dance around the $50 to $60 range for

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West Side Career and Technology Center Receives $15,000 EITC Grant!

Rick HidukManaging Editor of EndlessMtnLifestyles.com … …  West Side Career and Technology Center (WSCTC) was a recent recipient of a $15,000 grant from Cabot Oil & Gas Corporation to support their programs. A growing number of high school students are looking into the programs offered by their local technical schools and career centers to meet

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