General

Layoffs Hitting the Gas Fields, Including Marcellus/Utica

This post was originally published on this siteAccording to Reuters, oilfield service companies and drillers have put the brakes on hiring and “further job cuts could loom” as natural gas producers respond to sliding prices by slashing spending on new wells to reduce excess production. We told you yesterday that Chesapeake Energy announced a coming …

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Range Resources – Steady as She Goes in 2024 with 2 Rigs

This post was originally published on this siteRange Resources Corporation, the very first company to drill a shale well targeting the Marcellus Shale layer in Pennsylvania (in 2004), issued its fourth quarter and full-year 2023 update yesterday. The company previously released operational details for 4Q23 (see Range Releases 4Q Production & Pricing Numbers, Proved Reserves). …

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Southwestern Spent $2.1B in 2023 to Drill 110 Wells Incl. 67 M-U

This post was originally published on this siteSouthwestern Energy, with major assets in the Marcellus/Utica and Louisiana Haynesville, issued its fourth quarter and full-year 2023 update yesterday. You may recall that Southwestern recently agreed to a deal to be acquired by and merged into Chesapeake Energy (see Deal is Done! Chesapeake & Southwestern Announce $7.4B …

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More Drilling Mud Surfaces Near Marsh Creek State Park in PA

This post was originally published on this siteWhile drilling in Chester County, PA, in August 2020 in the Marsh Creek State Park area, Energy Transfer’s (ET) Mariner East 2X pipeline experienced an “inadvertent return” — nontoxic drilling mud coming up out of the ground where it’s not supposed to (see Mariner East 2X Construction Causes …

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Venture Global Asks FERC for Another Year to Finish CP LNG

This post was originally published on this siteIf this doesn’t take the cake. Venture Global has been screwing its contracted customers for more than two years by not officially christening its Calcasieu Pass LNG export facility in Louisiana as officially open for business (denying customers cargoes under contracted prices), yet during that time, Venture Global …

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Other Stories of Interest: Fri, Feb 23, 2024

This post was originally published on this siteMARCELLUS/UTICA REGION: Save Ohio Parks promotes commission meeting, fossil fuels rally; NATIONAL: Oil rises amid signs of tighter market; JP Morgan, Standard Chartered reveal latest oil price forecasts; Use of natgas-fired generation differs by technology and region; Nothing we do about CO2 emissions has any relevance whatsoever; ‘Sue …

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Port Arthur LNG Permit Question Facing Texas Supreme Court Scrutiny

This post was originally published on this siteA panel of federal judges has decided to withdraw its decision around a Texas air permit for Sempra Infrastructure’s Port Arthur LNG export project southeast of Houston. In November, the U.S. Court of Appeals for the Fifth Circuit vacated an air permit granted by the Texas Commission on …

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