California utility Pacific Gas & Electric (Pg&e) knew power lines in Northern California could fail and cause wildfires, but the company delayed repairs for years before a 2018 blaze that killed 85 people, according to a Wall Street Journal investigation. The utility identified parts that needed repair on its transmission lines to prevent “structure failure resulting (in) conductor
Read More...It wasn’t hard to figure out the backers of the two sides in the proxy battle between independent producer EQT and dissidents known as the Rice Team Wednesday morning, at the long-awaited annual meeting. Kallanish Energy was on hand for the meeting. Body language and facial expressions for status quo EQT, represented by CEO Rob
Read More...Last year Pennsylvania produced the largest volume of natural gas it’s ever produced in a single year, according to the 2018 Oil and Gas Annual Report released July 10 by the Pennsylvania Department of Environmental Protection. Unconventional wells produced 6.1 trillion cubic feet of natural gas, which was an increase of .8 trillion cubic feet over
Read More...The share of U.S. total utility-scale electricity generation from natural gas-fired power plants will rise from 35% in 2018, to 38% in 2019, and then decline slightly in 2020, according to the latest Steo, Short-Term Energy Outlook, produced by the Energy Information Administration. EIA/Steo forecasts the share of U.S. generation from coal will average 24%
Read More...U.S. dry natural gas production will average 91.3 billion cubic feet per day (Bcf/d) in 2019, up 8.0 Bcf/d from the previous record set in 2018, the Energy Information Administration projects in the just-released July Short-Term Energy Outlook (Steo), Kallanish Energy reports. EIA/Steo expects annual average U.S. natural gas production will rise by 1.4 Bcf/d
Read More...West Texas Intermediate crude oil prices will average $62 a barrel in the second half of 2019, and $63/Bbl in 2020, the Energy Information Administration projects in the just-released Short-Term Energy Outlook (Steo), Kallanish Energy reports. EIA’s forecast WTI price of $63/Bbl for December 2019, should be considered in the context of Nymex WTI futures and options
Read More...There are plenty of reasons a shale well may be drilled, but not completed and producing, according to Farm and Dairy. The well’s operator could be waiting for a pipeline to be connected, a crew to complete it or better markets. Maybe the well was drilled to hold a lease and never put into production.
Read More...Under a new lease agreement with Ohio Valley Energy, Mahoning County will now have rights to any Utica Shale deposits underneath county-owned land in Canfield, according to The Youngstown Vindicator. The original lease agreement for the county land, signed in 1984, will expire this month. The new agreement with Ohio Valley Energy extends the lease
Read More...Israel’s Delek Drilling said it has completed testing of a subsea natural gas pipeline to Egypt, but commercial sales by June 30 did not occur as originally projected, Kallanish Energy understands. Delek and its partner, the U.S.’s Noble Energy, signed a deal early in 2018 to export $15 billion in natural gas from Israeli offshore gas fields
Read More...The volume of working natural gas injected in the most recent weekly report by the Energy Information Administration was under 100 billion cubic feet for the second straight week, Kallanish Energy reports. For the week ended June 28, 89 Bcf of working gas was injected underground, bringing total working gas stored to 2.39 trillion cubic
Read More...The number of rigs working onshore in the Lower 48 U.S. states dipped slightly last week, the fourth week in the last five where the working-rig total has fallen, data from Baker Hughes, a GE company, reveals. For the five-day period ended July 3 (two days shorter than normal due to the Fourth of July
Read More...UGI Corp recently announced its UGI Energy Services unit has plans to acquire Columbia Midstream Group from a TC Energy subsidiary for roughly $1.28 billion, according to Kallanish Energy. The deal will expand UGI’s midstream portfolio and provide an opportunity to invest an additional $300-$500 million over the next five years. The Columbia Midstream Group
Read More...Impact fees for payments for natural gas drilling in Pennsylvania will reach a record amount this year, according to the Pennsylvania Public Utility Commission. The annual fee collected for natural gas wells tapping the Marcellus and Utica shales totaled $243 million for 2018, plus $8.9 million in back fees from companies that had withheld payments
Read More...Since its publication and redistribution, a University of Toledo study that links the presence of radon in homes to proximity to fracking wells has been disputed by the Ohio Department of Natural Resources for using incorrect numbers in its evaluation. The University of Toledo initially published its study midway through April. However, it wasn’t picked
Read More...Just as EQT Corp. is at odds with remnants of Rice Energy, which it acquired in 2017 and became the U.S.’s largest natural gas producer, independent proxy advisory services firms have now come out on opposite sides of the ongoing proxy battle. Glass Lewis & Co. said in a report Friday EQT, under its current management
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