We have to confess this was a new one for us. We happened across a story about the use of “digital twins” in the energy space and how the use of digital twins is “transforming operations in North America.” So, what the heck is/are digital twins? According to the article, a digital twin is “a…
Read More...MDN first reported on a lawsuit by a group of Wyoming County, PA, landowners back in January 2019 (see Fed Court Allows PA Royalty Lawsuit Against Chesapeake to Proceed). The lawsuit was originally filed in February 2018 by landowners against Chesapeake Energy and Equinor, claiming post-production deductions were made from royalty checks that should not…
Read More...As part of its third quarter update, EQT Corporation, now the second-largest natural gas producer in the U.S., dropped the bombshell that it has completely divested from the remaining non-operated wells it owns in northeastern Pennsylvania, selling the assets to Norwegian company Equinor (formerly known as Statoil) for $1.25 billion. You may recall in April,…
Read More...The Ohio Department of Natural Resources (ODNR) released production numbers for the second quarter of 2024 yesterday. The story the numbers tell continues to be about Utica oil, which continues to rise each quarter. Ohio’s total oil production during 2Q24 was 8.01 million barrels, up 23% from 2Q23’s 6.5 million barrels and up 11% from…
Read More...In April, EQT Corporation and Equinor (formerly known as Statoil) announced a deal to swap land in Pennsylvania and Ohio (see Equinor Swaps Acreage with EQT in PA & OH, Exits Operated US Shale). EQT filed an SEC report to announce that the deal was done as of last Friday. As we highlighted in our…
Read More...Yesterday, the Intermediate Court of Appeals for West Virginia issued an opinion in a case that had (until now) escaped our radar. Equinor, Norway’s state-owned oil and gas company (previously known as Statoil), said it had overpaid its severance tax bill in West Virginia for the years 2014 and 2016. Equinor said WV miscalculated the…
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