CNX remains optimistic about 2020 despite low natural gas prices, according to Trib Live. The company has continued to adjust to the weak market, cutting 14% of its workforce and laying off 70 employees in August. It expects to realize $25 million in savings from “reconfiguring” workflows and combining functions during the third quarter. CNX
Read More...Tom TantonPresident, T 2 & Associates California has an electricity problem and there are many to blame but the solution in front of all eyes is natural gas as an alternative source of heat. I sit here at my computer this morning after suffering through the latest “PSPS” (public safety power shutoff), which left me
Read More...Daniel B. Markind, Esq.Flaster Greenberg PC Middle East turmoil never seems to end, but one part of it has concluded thanks to fracking: the impacts on Americans who are now independent of it. Last week, the governments of both Lebanon and Iraq resigned. Seemingly organically, large protests erupted in both countries cutting across the ethnic divide.
Read More...Tom ShepstoneShepstone Management Company, Inc. …. …. Natural gas has reduced emissions in a big way, but sound bite energy policies focused solely on renewables haven’t says PA Democrat Senator John Yudichak. Democrat State Senator John Yudichak represents Carbon and Luzerne Counties in Pennsylvania. He is a staunch friend of the trades and a fan
Read More...During the first half of 2019, U.S. net natural gas exports averaged 4.1 billion cubic feet per day (Bcf/d), which was more than double the average net exports in 2018 at 2.0 Bcf/d, according to the Energy Information Administration. The U.S. became a net natural gas exporter on an annual basis for the first time
Read More...Joint venture partners WhiteWater Midstream, MPLX LP, along with lead investor in the Agua Blanca pipeline system First Infrastructure Capital, this morning announced a positive final investment decision to expand the Delaware Basin Agua Blanca system. The expansion includes a 42-inch trunkline that more than doubles system capacity to over 3 billion cubic feet per day
Read More...Tom ShepstoneShepstone Management Company, Inc. …. …. What’s happening in Rhode Island should be a warning to all of New England; you are headed for an icy fall with respect the energy you need to keep warm. Rhode Island is a state where the green goblins of political correctness hold full sway and determine policy.
Read More...Onshore drilling service provider Independence Contract Drilling (ICD) said Tuesday it received written notification from the New York Stock Exchange that as of Nov. 1, the company is no longer in compliance with NYSE continued-listing criteria, Kallanish Energy reports. Said criteria requires listed companies to maintain an average closing share price of at least $1.00 over 30 consecutive
Read More...... … … Shocker! Getting rid of an old wind turbine is proving to be quite an issue and a high expense, showing renewables are neither free nor especially green. In Minnesota, Xcel Energy estimates conservatively that it will cost $532,000 (in 2019 dollars) to decommission each of its wind turbines—a total cost of $71 million to decommission the 134
Read More...Bill desRosiersExternal Affairs Coordinator, Cabot Oil & Gas … … The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM and Sundays on YesFM, talked about our Democrats spark a fracking boom, Nord Stream 2, natural gas exports and much more last week. The Shale Gas News has grown again; welcome Gem
Read More...Jim WillisEditor & Publisher, Marcellus Drilling News (MDN) Moxie Energy CEO, Aaron Samson, an innovator, a natural gas leader and a communitarian and marvelous example of human kindness, dies in a tragic accident. This one really hurts. A true titan in our industry and all-around superb individual, Aaron T. Samson, died on Oct. 20 at age 59
Read More...EQT Corp. reduced its capital budget by $115 million for 2019 and plans to trim $525 million from its budget in 2020, according to the Pittsburgh Business Times. In its third quarter report, the first under the guidance of its new management team led by Toby Rice, EQT said it spent $475 million on capital,
Read More...International E&P companies are struggling to make money from offshore investments made during the latest investment upturn, according to a new study by Rystad Energy, Kallanish Energy reports. The independent research company has evaluated all offshore oilfields sanctioned since 2010 and ranked them by estimated value per barrel of oil under various oil-price scenarios. The
Read More...Shale Support Global Holdings, a provider of frac-sand and logistics services to the oil and gas industry, has signed an extension to continue working with Shale Rail as the exclusive supply company for a Bradford County, Pennsylvania, frac sand storage facility. In an effort to better serve the Marcellus Shale play, Shale Rail released plans to
Read More...Oil and gas industry veteran Steven Keenan, who is credited with the Alpine High shale discovery for Apache Corp, resigned from his position as senior vice president of Worldwide Exploration, the company said. Houston-based Apache told Reuters Keenan’s resignation is not connected to the well the company is currently drilling offshore in Suriname. The company said,
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