As private equity begins the process of recycling inventory, likely to be divested from large-scale mergers, executives acknowledged that raising funds has become increasingly difficult. This post appeared first on Hart Energy.
Read More...Delek Logisitics Partners closed an offering of 4.42 million common units to generate gross proceeds of $166 million. This post appeared first on Hart Energy.
Read More...Here is a look at some of this week’s renewable energy news, including nearly $7.9 million in bids for geothermal leases in Nevada. This post appeared first on Hart Energy.
Read More...The oil and gas rig count rose by one to 586 in the week to Oct. 11. Baker Hughes said the total count was still down 36 rigs or 6% from this time last year. This post appeared first on Hart Energy.
Read More...The court cases have increased uncertainty over which company is best positioned to take over the seventh-largest U.S. refiner Citgo Petroleum. This post appeared first on Hart Energy.
Read More...Frost Cochran, managing partner at Post Oak Energy Capital, said the private equity firm will continue to focus on the Permian Basin while making opportunistic deals as it recently did in the Haynesville Shale. This post appeared first on Hart Energy.
Read More...There were 20 permits issued to drill new shale wells in Marcellus/Utica for the week of Sept. 30 – Oct. 6, down eight from the 28 issued the prior week. The Keystone State (PA) had eight new permits, with five going to Southwestern Energy (now Expand Energy following a merger with Chesapeake) in both Susquehanna…
Read More...It’s good to revisit the basics from time to time. When drilling a shale oil or gas well, each well produces “brine,” a super-salty (minerally) water from the depths that keeps flowing long after the well is drilled and is online. This is not surface water; fresh water found down to about 300 feet. This…
Read More...Earlier this week, MDN told you about the final chapter in the tragedy of the Philadelphia Energy Solutions (PES) Refining Complex (see Sad Final Chapter to 2019 Philly Oil Refinery Fire: $4.2M Fine). Anti-fossil fuelers are dancing on the grave of the now defunct refinery, celebrating in the final humiliation of a $4.2 million fine…
Read More...Tanager-1 The so-called Carbon Mapper Coalition’s Tanager-1 satellite is off to a good start in selectively choosing fugitive methane and carbon dioxide “plumes” that it measures and maps (looking for needles instead of haystacks). The very first major fugitive methane transgressor picked up by the satellite was…(wait for it)…a landfill in Pakistan! The second plume…
Read More...If we had a nickel for every peak oil prediction we’ve reported on over the years, we’d be rich! Every few months, somebody comes along to say that either oil production or oil demand is heading for a decline…real soon now, any day, it’s inevitable. And they list their reasons why we’re hitting peak and…
Read More...UN Secretary-General António Guterres, climate fraud In August, MDN told you about the latest insane utterances from United Nations Secretary-General Antonio Guterres, who is demanding the world stop using fossil fuel energy immediately (see Head of UN Goes Berserk, Demands World Stop Using Fossil Fuels Now). Guterres was in Tonga falsely claiming that mankind is…
Read More...We read a story published last week that is frightening. It leaves us speechless, and that’s saying something. Just the News is reporting that the Columbia Journalism Review (CJR) and several other publications and leftwing groups are behind a project called the “Climate Blueprint for Media Transformation,” which encourages reporters to insert climate change into…
Read More...OTHER U.S. REGIONS: Silicon Valley is looking to invest in natural gas; Cheniere sees LNG growth from Asia’s ‘three pillars’ of demand; NATIONAL: ExxonMobil announces major progress in carbon capture project; Henry Hub prices come under downward pressure; U.S. hourly electricity demand peaked in July with widespread heatwaves; Why hasn’t DOE published residential energy costs…
Read More...A Leonardo DiCaprio-funded law firm under Congressional investigation was just selected by Michigan Attorney General Dana Nessel to serve as outside counsel in the state’s forthcoming lawsuit against oil and natural gas providers. The Daily Caller first reported that Sher Edling, along with law firms DiCello Levitt LLP and Hausfeld LLP, have been selected following
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