Biden Speaks As We All Look for the Red Panic Button! Bob Tomaine NaturalGasNOW Contributing Writer [Editor’s Note: When Joe Biden speaks, it’s hard to listen in the sense of paying attention, yet we are forced to hear, as if we just accidentally hit our car’s panic button.] Listening to President Biden speaking about
Read More...Each quarter NGI (Natural Gas Intelligence) runs the numbers and publishes a list of the 25 top natural gas marketers… Continue reading The post Natural Gas Marketed in North America Grows 1% in 1Q22 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Duggan FlanakinDirector of Policy Research, Committee For A Constructive Tomorrow … … [Editor’s Note: Those pushing the grand scheme to steal trillions from the public for green eggs and scam now propose to sacrifice Africa on their green altar to corporatism.] It was quite a shock to Africa Energy Chamber Executive Director NJ Ayuk –
Read More...Tom ShepstoneShepstone Management Company, Inc. . … Natural gas industry executives attending a global warming confab tell attendees natural gas is the solution, not the problem. Our friend and guest blogger, Mark Dye, has long been of the mind that the natural gas industry has been asleep at the switch in not aggressively pointing out
Read More...Northern Oil and Gas, Inc., a company that invests in non-operated oil and gas assets (they let others do the drilling), announced yesterday it has purchased 64,000 net acres producing ~120 MMcfe/d (million cubic feet equivalent per day) in the Marcellus/Utica from Reliance Industries Limited (RIL). The cash purchase price is $250 million.This post appeared
Read More...Looks like the rumors were true, at least one of them. Yesterday EQT announced it has cut a deal to buy Chevron’s considerable Appalachian assets for $735 million. The Reuters rumor from September said EQT had offered $750 million (see Sources: EQT Offering $750M for Chevron’s Marcellus/Utica Assets). Also yesterday, EQT floated up to 23
Read More...Chevron is completing the biggest energy deal since the COVID-19 pandemic crippled the oil industry and purchasing Nobel Energy for $5 billion, according to CNN. Nobel Energy shareholders will receive Chevron stock in the all-stock transaction. Factoring in Nobel’s $8 billion in debt, the transaction is valued at $13 billion. Despite, the company’s debt, its
Read More...Chevron Corp. on Monday announced the closing of its acquisition of Noble Energy, Kallanish Energy reports. The closure came after Noble Energy shareholders had approved the $13 billion deal in a Friday vote. “We are pleased to welcome Noble Energy employees and shareholders to Chevron. Noble’s high-quality assets complement Chevron’s advantaged upstream portfolio and the
Read More...Last week Ohio finally broke the drought of not issuing permits for new shale wells in the Buckeye State. Finally! Last week Pennsylvania issued 13 new permits for wells on three well pads. Ohio issued 4 new permits for wells on two well pads. And West Virginia issued 1 new permit.This post appeared first on
Read More...Washington, D.C. Attorney General Karl Racine sued ExxonMobil, BP, Chevron, and Shell today for allegedly misleading District consumers about the role the companies’ products play in causing climate change. In a move that suggests close coordination, the legal action comes just one day after Minnesota Attorney General Keith Ellison filed a very similar lawsuit. This
Read More...Last December Chevron announced it was writing down over $10 billion worth of its U.S. onshore shale assets, with $6.5 billion of that number coming from its Marcellus/Utica assets. Also in December, the company posted for sale ALL of their M-U assets (see Chevron Confirms M-U Assets for Sale, Asks Vendors to Avoid Media). Just
Read More...Chevron and Shell’s upstream portfolios are the most resilient at oil price at $30 a barrel and offer the highest cash margins at $70/Bbl, according to analysts at Wood Mackenzie. Tom Ellacott and the Corporate Analysis team at the consulting firm have studied the resilience of the seven oil and gas majors: BP, Shell, Chevron,
Read More...A partner in the proposed Kitimat LNG project on the British Columbia coast said it will record a $720 million after-tax writedown on its investments in Western Canada, Kallanish Energy learns. Australia-based Woodside Petroleum said the charge against 2019 earnings reflects uncertainty in timing of when it will be able to develop its natural gas fields
Read More...In December Chevron announced it was writing down over $10 billion worth of its U.S. onshore shale assets, with $6.5 billion of that number coming from their Marcellus/Utica assets (see Chevron Writes Down $5B+ in Marc/Utica Assets, Looks to Sell All). In addition, the company announced it is putting all of its M-U assets up
Read More...Saudi Aramco will sell up to 0.5% of its shares to individual investors in what could be the largest initial public offering in history, Kallanish Energy reports. The process begins Nov. 17, and closes on Dec. 4, the company said in its IPO prospectus, released last Saturday. The 658-page document comes almost four years after
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