The U.S. Bureau of Land Management raised $7.19 million on March 26 in a federal lease sale for oil and natural drilling in Utah, Kallanish Energy reports. A total of 111 parcels totaling 148,950 acres were offered, with 90 sold in the agency’s Canyon Country, Green River and West Desert districts. Those 90 parcels covered 135,123 acres.
Read More...An explosion Monday of a section of Enbridge’s Texas Eastern natural gas pipeline in Ohio created a fireball of flame and damaged homes, prompting the evacuation of nearby residents. The explosion appeared to have destroyed two homes, Chasity Schmelzenbach, emergency management director for Noble County, Ohio, told Reuters. Enbridge said two people
Read More...The planned Nigeria-to-Morocco natural gas pipeline (NMGP) faces a myriad of challenges and is “unlikely to materialize in the short or medium-term,” Kallanish Energy learns from analysts at Fitch Solutions Macro Research. The 5,660-kilometer (3,516-mile) combined onshore and offshore pipeline would cross 13 countries along the West African coast, delivering Nigerian gas to Morocco. Following an agreement in December 2016,
Read More...U.S. natural gas usage jumped 10% in 2018, to a record 82.1 billion cubic feet per day (Bcf/d), the Energy Information Administration reported. Domestic consumption of natural gas increased across all sectors in 2018, led by a 3.8 Bcf/d increase in the electric power sector, due to a combination of recent natural
Read More...Argentina’s government has decided to change the country’s subsidy program for unconventional gas development leaving projects in limbo, Kallanish Energy learns from local producers YPF and Pampa Energia. The program, aimed at stimulating investments in the development and production of shale gas, offered companies a subsidy since 2013. Specifically, companies were offered a
Read More...Ohio’s top producing Utica Shale counties have collected over $530 million in real estate property taxes from oil and natural gas activity since 2010, according to the latest data from county auditors compiled by the Ohio Natural Energy Institute (ONEi). This is just one of the data points highlighting how essential the Ohio oil and
Read More...Halcon Resources reported a first quarter 2019 net loss of $336.6 million, or $2.12 per diluted share, as it develops new strategic and financial plans, Kallanish Energy reports. That compares to a Q1 2018 net loss of $2.6 million, or 2 cents a share. The Denver-based company said it generated total revenue of
Read More...Independent oil and gas company Invictus Energy announced Tuesday a Memorandum of Understanding (MoU) with a Zimbabwe-based manufacturer for 20 years of natural gas, Kallanish Energy learns. The gas will come from the Cabora Bassa project, in the onshore Cabora Bassa Basin in Zimbabwe, a joint venture by Invictus (80% ownership) and
Read More...Oil and gas production in the UK is set to grow over future decades, as a report published Monday by the British Oil and Gas Authority (Oga) shows higher projections than previously released offered, Kallanish Energy learns. Last year’s increase in both oil and gas production was 4%, or 1.7 million barrels of oil-equivalent per day
Read More...HOUSTON – There’s a silent battle being waged by no fewer than three groups trying to secure customers and/or funding for underground natural gas liquids storage in the states of Pennsylvania, Ohio and West Virginia. With Shell Chemical pushing hard to have its world scale ethane cracker 30 miles northwest of Pittsburgh operational by the
Read More...Unleashing America’s dominant natural resources, ensuring energy security through LNG exports, and protecting consumer choice through revised tailpipe rules were all central themes of the American Petroleum Institute’s (API) “State of American Energy 2025” event Tuesday. While industry leaders had little debate that the Biden Administration’s many efforts seeking to limit the oil and gas
Read More...2024 was another record-breaking year for the U.S. oil and natural gas industry. From production to consumption to providing energy security for our allies abroad and reducing emissions – energy producers delivered. This was all accomplished despite significant hurdles, like the politically motivated pause on LNG export permits, restricted federal leasing and increased costs for
Read More...Methane emissions from the country’s top oil and gas-producing basins have fallen 44 percent since 2011, according to data from the Environmental Protection Agency. This plunge in emissions comes even as the country has managed to shatter energy production records – the United States produced more crude oil than any nation at any time for
Read More...The post Methane Emissions Decline Top Basins 2018-23 appeared first on . This post appeared first on Energy In Depth.
Read More...October marked the 20th anniversary since the first Marcellus Shale well was drilled in Pennsylvania in 2004. Like Pennsylvania’s Drake Well, which launched commercial oil drilling across the world in 1859, Range Resource’s Renz #1 has been a game-changer for the Commonwealth and the United States. As Jeff Kotula, president of the Washington County Chamber of
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