Royalties paid to landowners from natural gas extraction in Pennsylvania total roughly $9.82 billion from 2010 through 2018, according to calculations by the state Independent Fiscal Office (IFO), Kallanish Energy reports. Landowners in the primary eight counties where natural gas is produced accounted for $8.84 billion in royalty payments. Royalty payments made in the remaining natural-gas-producing counties
Read More...The petrochemical companies who have proposed building a billion-dollar ethane cracker plant on a 500-acre tract of land in Belmont County, Ohio, have finally reached a settlement agreement with environmental groups in regards to air pollution controls, according to Ohio Valley Resources. It wasn’t long after the Ohio Environmental Protection Agency issued an air permit
Read More...Crude oil rose slightly Monday, after gaining nearly 7% last week, as lingering concerns over global supplies following the Sept. 14 attack on Saudi oil facilities offset prospects for a faster-than-expected restoration of the kingdom’s output and on signs of European economic weakness. Global benchmark Brent futures were up 40 cents to $64.68 a barrel,
Read More...Royalties paid to Pennsylvania landowners for natural gas extraction in primarily eight counties totaled $8.84 billion from 2010 through 2018, according to calculations by the state Independent Fiscal Office (IFO), Kallanish Energy reports. Royalty payments made in the remaining Pennsylvania counties where natural gas is produced would add another $982 million in royalty payments to
Read More...Texas is about to go green — by 2020, more electricity will come from wind than coal, according to analytics/consulting firm Rystad Energy. Propelled by the surging shale revolution, Texas now contributes 40% of total U.S. oil production and nearly 25% of marketed natural gas production, Kallanish Energy reports. However, the “Lone Star State” is
Read More...More than three years since they were rolled out, new regulations restricting methane emissions from existing natural gas wells will finally get a hearing before a statewide rulemaking body, according to the Pennsylvania Capital-Star. The push comes as Republican President Donald Trump rolls back restrictions on the potent greenhouse gas. Gov. Tom Wolf rolled out his methane
Read More...Caithness Energy recently announced it has successfully secured financing for the construction for the $1.6 billion Guernsey Power Station, according to ConstructionEquipmentGuide.com. With financing, the 1,875-megawatt combined-cycle natural gas electric generating facility can move forward to construction. Caithness partnered with Apex Power Group to develop the project in the heart of the Utica and Marcellus
Read More...The Energy Information Administration projects natural gas production in the seven most productive basins and plays in the U.S. to rise 469 million cubic feet per day (Mmcf/d) from September to October, according to Kallanish Energy. Gas production will increase to more than 82.36 billion cubic feet per day (Bcf/d), up from 81.89 Bcf/d in
Read More...Four permits for drilling in the Utica-Point Pleasant shale were issued to Ascent Resources Utica by the Ohio Department of Natural Resources in the week ended Sept. 14, according to The Youngstown Business Journal. Ascent Resources received two permits for drilling in Belmont County and two for Harrison County. The final permit issued in the
Read More...Tennessee-based biofuel company Eco-Energy has acquired the Stone Mountain gathering pipeline system, Stone Mountain processing facility and the Stone Mountain rail terminal from Continuum Energy Services for an undisclosed price. The Stone Mountain gathering system is made of up over 600 miles of gathering pipelines that span Kentucky, Tennessee, and Virginia, Kallanish Energy learns. The
Read More...CEA, EDF and Westinghouse Electric Co. have signed a framework agreement to explore potential cooperation on small modular reactor (SMR) development, Kallanish Energy reports. Worldwide demand for low carbon- electricity generation in the 300- to 400-megawatt range is an important market segment the companies believe their experience in nuclear fuel, reactor design and operation can
Read More...The U.S.’s 10th most populous U.S. city Tuesday moved to ban natural gas in most new residential buildings, beginning next year, Kallanish Energy reports. The 10-member San Jose, California, city council and Mayor Sam Liccardo voted unanimously to make San Jose the largest U.S. city so far to seek to reduce greenhouse gas emissions by
Read More...Earlier this month, the Potential Gas Committee released the highest assessment it ever has on the amount of producible natural gas in the United States, according to E&E News. The group of industry experts announced the amount of producible natural gas is up roughly 20% since its last assessment two years ago. The increase of
Read More...Despite declining prices, two U.S. natural gas production records were set in August, according to Kallanish Energy. A new daily production record was set on August 19, when production reached 92.8 billion cubic feet per day (Bcf/d), according to estimates from IHS Markit, the Energy Information Administration reports. A new monthly record was also set
Read More...Although natural gas production has increased by more than 50% in the United States since 1990, methane emissions have dropped 15 percent over the same period, according to The Hill. Methane is a primary component of natural gas and a greenhouse gas that’s more potent than carbon dioxide. Methane emissions count for 10% of total greenhouse
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