The number of rigs working onshore in the Lower 48 U.S. states last week fell for the sixth consecutive week, according to data compliled by oilfield services firm Baker Hughes, a GE company. For the week ended May 17, 954 rigs were working in the Lower 48, down a lone rig from the previous week,
Read More...Toby Z. Rice and Derek A. Rice, EQT shareholders trying to wrest control from the executives and board of the U.S.’s largest natural gas producer, said last week they’re reducing the size of their slate of nominees for the EQT board to seven from nine, Kallanish Energy reports. The change was motivated by EQT’s announcement
Read More...The state of South Dakota is suing a privately-held Texas-based exploration and production company for $15.5 million for abandoning 40 natural gas wells in Harding County, Kallanish Energy reports. The South Dakota Department of Environment and Natural Resources (Denr) is requesting the court require Spyglass Cedar Creek and its general partners, Kevin Sellers and March Kimmel, to bring the wells
Read More...California authorities said Wednesday power lines owned and operated by Pacific Gas & Electric Corp. (PG&E) caused the state’s most destructive wildfire ever – which killed 85 and nearly destroyed an entire city, Kallanish Energy learns. Lines owned by the San Francisco-based utility sparked the Camp Fire on Nov. 8, in Butte County, California, the state Department of Forestry and Fire
Read More...A natural gas explosion last September in a pipeline not yet in service has led to an independent producer backed by Goldman Sachs’s private equity arm and the Ontario Teachers Pension Fund filing for Chapter 11 bankruptcy, Kallanish Energy reports. EdgeMarc Energy Holdings plans to sell all of its assets, the company said Wednesday, blaming an
Read More...The three municipalities affected by last September’s gas explosions have reached an $80 million settlement with local gas distribution company Columbia Gas of Massachusetts, Kallanish Energy reports. Of that amount, 50% will go to Lawrence, 30% to Andover and 20% to North Andover. The utility has already paid $67.1 million of the total settlement amount to
Read More...The volume of working natural gas injected into storage in the Lower 48 U.S. states the week of May 3, slowed from the previous week’s triple-digit increase, but marked the sixth straight week of volume increases, the Energy Information Administration reported. During the latest survey week, 85 billion cubic feet (Bcf) of working gas was
Read More...The number of rigs working onshore in the Lower 48 U.S. states last week fell by two, and brought to five the number of consecutive weeks the count has slipped, data from Baker Hughes, a GE company, reveals. At May 10, 955 rigs were working in the Lower 48, down two rigs from the previous week, and off 59
Read More...The owner of the plant where North America’s worst nuclear power-related accident took place four decades ago, confirmed the facility’s lone remaining operating unit will shut down this September, Kallanish Energy reports. Exelon Generation said Three Mile Island (Tmi) Generating Station Unit 1, located near Middletown, Pennsylvania, on an island south of the state capital city
Read More...EQT Corp. is not a Mom-and-Pop natural gas producer – and can’t be run like one – the board’s independent members said, in effect, to dissident shareholders looking to insert their board nominees into the operations of the U.S.’s largest gas producer. “The Board should not be a friends-and-family club, and it is not in
Read More...The U.S. government sued nearly two dozen of West Virginia Gov. Jim Justice’s coal companies Tuesday to get them to pay roughly $4.8 million in unpaid mine safety fines. The civil lawsuit was filed by federal prosecutors in Virginia on behalf of the U.S. Department of Labor and the Mine Safety and Health Administration, The Associated
Read More...Oil supermajor Chevron’s Chevron U.S.A. unit said it’s completed the $350 million buy from Petrobras America of all outstanding shares and equity interests of Pasadena Refining System (Prsi) and Prsi Trading, Kallanish Energy reports. Prsi’s 466-acre complex in Pasadena, Texas (near Houston), adds a second refinery to Chevron USA’s Gulf Coast downstream business, which also
Read More...The Goose Creek Wind Project, which would include up to 120 turbines producing as much as 200 megawatts of power in northern Piatt County, Illinois, has been proposed by Virginia-based Apex Clean Energy, Kallanish Energy reports. Apex hopes to have the wind farm project online by the end of 2021, the Piatt County Journal-Republican newspaper
Read More...The North Dakota Public Service Commission this week approved a siting permit for a $125 million, 77-mile natural gas liquids pipeline in northwest North Dakota, Kallanish Energy learns. Oneok Bakken Pipeline LLC received a permit to construct a pipeline starting at the Demicks Lake natural gas processing plant in McKenzie County, North Dakota, extending southwest
Read More...Tallgrass Energy Wednesday announced the Hereford Project, roughly 30 miles of new pipeline, plus expanded capacity on the Pony Express system, Kallanish Energy reports. The new project is designed to support crude oil production in northern Weld County, Colorado, near the Wyoming-Colorado border. Sufficient interest arose during Pony Express’ existing open season for expansion capacity from
Read More...