Crude oil prices were little changed Wednesday after the U.S. Federal Reserve said the central bank will hold interest rates steady, Kallanish Energy reports. Brent crude futures were down 29 cents, or 0.47%, to $61.85 a barrel. U.S. West Texas Intermediate crude settled down 14 cents, or 0.3%, to $53.76/Bbl. Government data showed U.S. crude inventories fell
Read More...An article published by the Pittsburgh Post-Gazette, “The Human Toll: Exposure and risks in the gas lands,” is stirring up quite the debate in Pennsylvania. Its release was followed by requests from environmental organizations urging Gov. Tom Wolf halt new permits for fracking until the state investigates the information included in the report. “The Human
Read More...The West Virginia Supreme Court recently sided with Antero Resources Corp. in a case brought against the company by Harrison County landowners, according to the Charleston Gazette-Mail. The court upheld a lower court ruling that threw out a collection of lawsuits that argued Antero’s operations in the Cherry Camp area had created a nuisance. Furthermore,
Read More...Rice Drilling LLC and Ascent Resources Utica LLC received a combined 11 new permits for horizontal wells in the Utica shale during the week ended June 8, according to the latest data from the Ohio Department of Natural Resources. Rice Drilling LLC was awarded six permits to drill in Belmont County. Ascent Resources Utica LLC
Read More...Unconventional wells, drilled deep into shale formations across the United States, continue to account for an increasing share of crude oil and natural gas production in the United States, according to the Energy Information Administration. From 2004 to 2018, production from horizontal wells jumped from 15% to 96% of U.S. crude oil production in tight
Read More...Construction on the Risberg Line has finally reached Ohio from its starting point at the end of another pipeline in Meadville, Pennsylvania, according to the Ashtabula Star Beacon. As the $86 million pipeline gets closer to its end-point in North Kingsville, pipe segments have been lined up on an area of clear ground south of
Read More...Meritage Midstream Services II said Monday its Thunder Creek NGL Pipeline subsidiary launched a binding open season to support construction of a 140-mile extension to its existing natural gas liquids pipeline, Kallanish Energy reports. The extension will facilitate transportation of Ngls from two processing plants located in Wyoming’s Campbell and Converse counties, to an interconnection
Read More...U.S. line pipe prices sunk in May, Kallanish Energy’s sister publication, Kallanish, learns from analyst Pipe Logix. Average U.S. line pipe prices fell by 1.5% from April to May, reaching a combined $1,757/short ton at the distribution level. Domestic prices fell by 1.5%, to $1,930/st, while import prices fell by 1.4%, to $1,584/st. Pipe Logix
Read More...Crude oil prices settled lower Monday after a choppy trading session, as Saudi Arabia and Russia have not yet agreed to extend the Opec+ output-cutting deal, and U.S.-China trade tensions continued to threaten crude demand, Kallanish Energy understands. U.S. West Texas Intermediate crude futures settled 73 cents lower, at $53.26 per barrel, falling 1.4% for the
Read More...Martin Midstream Partners said Monday it’s selling to Hartree Cardinal Gas its membership interests in Arcadia Gas Storage, Cadeville Gas Storage Monroe Gas Storage, and Perryville Gas Storage for $215 million in cash. The storage assets consist of roughly 50 billion cubic feet of working capacity located in northern Louisiana and Mississippi. The transaction is
Read More...CECIL TOWNSHIP, Pennsylvania – The Appalachian Basin, specifically the trio of states including Pennsylvania, Ohio and West Virginia, is approaching a tipping point when determining what is done with the substantial volume of ethane produced here. There are three scenarios concerning ethane, according to Charles Zelek, a senior economist in the U.S. Department of Energy’s Office
Read More...The volume of working natural gas injected into underground storage during the week ended May 31, was the second-highest amount in 2019, and the fifth time this year the volume was measured in triple digits, Kallanish Energy reports. The Energy Information Administration reported 119 billion cubic feet of working gas was added to storage during the
Read More...Natural gas producers in West Virginia can no longer drill on neighboring property to reach natural gas reserves on adjoining tracts, according to a Supreme Court decision made last week. The Supreme Court justices upheld a lower court ruling and jury verdict against EQT Corp., in a 5-0 ruling, siding with two Doddridge County residents
Read More...Crews recently broke ground on a new energy-efficient, gas-fired power plant at the Long Ridge Energy Terminal in Monroe County, Ohio, according to WTOV9. The Long Ridge Energy Generation Project has been in the works for a few years, and the 25 acres will soon be home to a new gas-fired plant. The plant will
Read More...The Bureau of Investigation & Enforcement, a division of the Pennsylvania Public Utility Commission, is continuing to investigate a pipeline explosion that occurred in Clarion County on May 28, according to the Farm and Dairy. The explosion damaged a home and a greenhouse along Pipe Run Road in Mayport and sent one person to the
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