Consumer Energy Alliance’s latest report has calculated a $25,600 price tag per New York City household if the city continues to follow short sighted goals of banning natural gas use in buildings. The cost to residents will be felt each winter and poses significant challenges to businesses recovering from the COVID pandemic in the short
Read More...Nearly three and a half years: That’s how long the Delaware River Basin Commission has been sitting on regulations it opened for public comment that could decide the fate of oil and natural gas development within the region. It appears this week the commission will finally (maybe) answer the question: Can shale development occur in
Read More...The fracking boom that forever changed the Appalachian Basin positively impacted the U.S. economy, but may have missed the mark for the local communities in Ohio, Pennsylvania and West Virginia where the natural gas was extracted, according to a recent report conducted by the Ohio River Valley Institute. The report studied the economic impact fracking
Read More...While Pennsylvania, Ohio, and West Virginia have overwhelmingly seen economic growth and development thanks to what’s often called the “game-changing” shale revolution in the Appalachian Basin, the latest attempt from deeply biased, openly anti-oil and gas “researchers” pushes a false narrative signifying otherwise. Coining the region as “Frackalachia,” the report conducted by the Heinz Endownment-funded
Read More...Alta Resources is considering a sale of its acreage for more than $3 billion, sources told Reuters last week. The privately-owned Appalachian natural gas producer has been forced to explore options that increase efficiency due to the long slump in energy demand that has put pressure on North American oil and gas exploration and production.
Read More...Northern Oil and Gas, Inc. will acquire certain non-operated natural gas assets in the Appalachian Basin from Reliance Marcellus, LLC, according to Business Wire. The transaction extends Northern’s non-operating model to Appalachia, complementing the company’s existing 183,000 Williston and Permian net acres with 64,000 net acres in Appalachia. Furthermore, it creates a national non-operated franchise,
Read More...New York City Mayor Bill de Blasio recently announced that the city will ban new, large building construction from installing natural gas hookups starting in 2030. The proposed rule is following an electrification trend from California, and much like California, such a policy will leave New Yorkers out in the cold. New York State of
Read More...As oil and gas drillers in the Appalachian Basin have been forced to curtail production amid low prices, both permitting and production have seen significant declines, according to Seeking Alpha. Furthermore, the shale basin is expected to see year-over-year declines in production again in 2021. Nearly all Appalachian producers, including Range Resources, Antero Resources, EQT Corporation and Cabot Oil
Read More...UGI Corporation of Pennsylvania has signed an agreement to purchase Mountaintop Energy Holdings LLC for $540 million, according to the Register-Herald. The sale includes $140 million in debt and a claim to all of Mountaineer Gas’ operating assets as Mountaintop Energy Holdings LLC is the parent company of West Virginia’s largest local gas distribution company. The agreement
Read More...Prolific natural gas and oil development continues to drive investments in the Buckeye State. The total investment in shale-related activities in Ohio reached $86.4 billion as of Q4 2019, an increase of $9 billion since 2018, according to Cleveland State University’s latest shale investment report. This is the eighth annual report CSU has conducted for
Read More...Williams reported record natural gas gathering and processing volumes in the Appalachian region during the third quarter amid higher prices, according to Natural Gas Intelligence. Gross gathering volumes for the Northeast gathering and processing segment rose 8% year over year to 9.4 Bcf/d and gross processing plant inlet volumes increased 17% to 1.4 Bcf/d, the
Read More...Antero Resources reported a net loss of $536 million or $1.99 per diluted share in the third quarter 202, Kallanish Energy reports. That compares to a net loss of $879 million or $2.86 per share in the 3Q 2019. The loss was driven by a $749 million unrealized commodity hedge fair value loss as a
Read More...Water plays a significant role in the production, transportation, and end-use distribution of all energy resources. Whether it’s used to extract more hydrocarbons from shale rock via hydraulic fracturing or produced as a drilling byproduct – commonly referred to as “produced water” – operators rely upon a fresh water supply to safely and efficiently develop
Read More...Peregrine Energy Partners will acquire producing and non-producing mineral rights on 4,755 gross acres in Bedford County, Pa. from Chief Oil & Gas, according to EIN Presswire. The purchase price was undisclosed. However, the deal is the third the company has made in this region of the Appalachian Basin this year. “While we’ve traditionally been
Read More...It would be an understatement to say natural gas has transformed Pennsylvania’s labor community. Through training program, projects, and operations, trade unions have been an integral part of the state’s oil and natural gas industry. This close relationship between labor and the natural gas industry in Pennsylvania was the spotlight of a recent conference session
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