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
Read More...As winter sets in and temperatures start to drop, new government data show that natural gas heating will continue to be the most affordable option to keep families warm. The Energy Information Administration’s Winter Fuels report forecasts that most households in the United States will pay about the same amount on heating as they did
Read More...Click here for a shareable sheet on how the court’s decision on the National Marine Fisheries Service’s Biological Opinion (BiOp) could impact US energy production. In August 2024, a U.S. district court ruled in favor of environmental groups in a pivotal court case for energy production in the Gulf of Mexico. The ruling in this
Read More...A recent Information Technology and Innovation Foundation (ITIF) report underscores a crucial but often overlooked fact: achieving a reliable and affordable energy evolution means embracing a diverse energy mix, and natural gas is the key to making it work. According to ITIF natural gas will play an essential role in supporting the growth of renewable
Read More...The Matterhorn Express Pipeline, due to begin service in September, will significantly increase natural gas pipeline capacity in the Permian Basin, according to a new analysis from the U.S. Energy Information Administration. This new capacity will be able to transport natural gas currently “locked up” in the Waha region to domestic and international customers, and
Read More...The International Gas Union’s Global Gas Report 2024 shines a spotlight on a critical issue: a significant lack of investment in natural gas production and infrastructure, all while global demand for gas is expected to rise steadily over the next decade. According to IGU’s report, global gas demand in 2023 increased by 59 billion cubic
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