North America Adds Rigs
North America added five rigs week on week, according to Baker Hughes.
North America Adds Rigs Read More »
General
M-U Driller Profits Bounce Back into the Black for 3Q23
It’s been a financial roller coaster for oil and gas drillers over the past 15 years. Investors in shale oil and gas companies suffered for years with little or no returns for their invested money. Five of eight large Marcellus/Utica drillers saw their share prices decrease by an astonishing 85% or more from 2008 to…
M-U Driller Profits Bounce Back into the Black for 3Q23 Read More »
Energy Groups Gear Up to Oppose Shapiro’s Appeal of Carbon Tax
Last Wednesday, before heading out the door for the Thanksgiving holiday, MDN brought you the sad (but not unsurprising) news that Pennsylvania Gov. Josh Shapiro had decided to appeal a Commonwealth Court decision striking down his predecessor’s attempt to force the state to implement a multi-billion-dollar carbon tax, called the Regional Greenhouse Gas Initiative (see…
Energy Groups Gear Up to Oppose Shapiro’s Appeal of Carbon Tax Read More »
SWPA Unions Split with Dem Left re Loss of Gas-Fired Power Plant
In January 2016, Invenergy announced its intention to build a natural gas-powered electric plant in rural Elizabeth Township, in Allegheny County, PA (see Invenergy Eyes SWPA for Second Marcellus-Powered Electric Plant). It took a few years, a lawsuit, and a new location, but eventually, Elizabeth commissioners approved Invenergy’s plan in December 2018 (see Elizabeth Twp…
SWPA Unions Split with Dem Left re Loss of Gas-Fired Power Plant Read More »
PA Construction Co. Glenn O. Hawbaker Loses PennDOT Contracts
Glenn O. Hawbaker, Inc., long known for providing stone quarries and asphalt plants in Pennsylvania and Ohio, also provides civil construction services for shale well sites. In August 2021, Pennsylvania’s then-Attorney General, Josh Shapiro, announced a plea deal with Hawbaker to pay back $20 million in alleged “stolen wages” from over 1,000 Hawbaker employees (see…
PA Construction Co. Glenn O. Hawbaker Loses PennDOT Contracts Read More »
U.S. Rig Count Sees Small Increase – Adds 4 @ 622, M-U Adds 1 @ 40
The dead cat bounce bounced a little higher last week (i.e., the slight bounce a dead cat makes when it hits the ground). The rig count hit a new low for 2023 three weeks ago (see U.S. Rig Count Hits New 2023 Low – Loses 2 @ 616, M-U Even @ 40). Two weeks ago,…
U.S. Rig Count Sees Small Increase – Adds 4 @ 622, M-U Adds 1 @ 40 Read More »
Freeport LNG Second Loading Dock Gets Final FERC OK to Restart Ops
Freeport LNG’s export terminal with three liquefaction “trains” shut down in June 2022 after an explosion and fire (see Explosion Rocks Freeport LNG Export Plant – Offline for 3 Weeks). What was initially thought to be a three-week outage lasted for ten months! The plant finally returned online in March of this year (see Freeport…
Freeport LNG Second Loading Dock Gets Final FERC OK to Restart Ops Read More »
Bidentistas Attack O&G with Wave of New Methane Rules Next 6 Mos.
The irrational leftists who inhabit the Biden administration can’t help themselves. They HATE fossil fuels and are doing everything they can to destroy the fossil energy industry using the regulatory power of the Executive Branch. Biden may or may not be aware of the situation (he’s so clueless). Regardless, the Bidenistas have their sites set…
Bidentistas Attack O&G with Wave of New Methane Rules Next 6 Mos. Read More »
Other Stories of Interest: Mon, Nov 27, 2023
MARCELLUS/UTICA REGION: At the New York Krazy Klimate Konference; OTHER U.S. REGIONS: Landowner near Sulphur refuses to grant pipeline right-of-way; NATIONAL: Former EQT CEO Murry Gerber to retire from BlackRock board; INTERNATIONAL: Panama logjam could benefit Europe as USA LNG cargoes avoid Asia. Please Login to view this content. (Not a member? Join Today!) The
Other Stories of Interest: Mon, Nov 27, 2023 Read More »
Japan Weighs Energy Security Impacts After U.S. Sanctions Arctic LNG 2
The latest round of U.S. sanctions against Russian energy assets targeted at the Arctic LNG 2 project is creating uncertainty for Japanese stakeholders. PAO Novatek, Russia’s largest independent natural gas producer, launched development of the three-train, 19.8 million metric ton/year Arctic LNG 2 on the Gydan Peninsula in 2018 with plans to boost liquefied natural
Japan Weighs Energy Security Impacts After U.S. Sanctions Arctic LNG 2 Read More »
