Last Friday Cabot Oil & Gas released its full year 2018 (and 4Q18) update, proclaiming 2018 was the best year ever for Cabot financially in the past almost 30 years the company has publicly traded shares of stock. The company hit new record natural gas production of 735 billion cubic feet equivalent (Bcfe) in 2018 (roughly 2 Bcfe/d), up 7% from 2017.
Read More “Cabot O&G 2018: Cash Generating, Marcellus Producing Machine”
Comments by Cabot Oil & Gas in their 2018 update issued Friday, along with added comments by CEO Dan Dinges during the earnings call on Friday, reveals the big news that Cabot has given up test drilling in Ohio Knox formation.
Read More “Cabot Pulls the Plug on Drilling in Ohio’s Knox Layer”
There had been an ongoing legal squabble in Trumbull County, OH over a proposed Utica gas-fired electric plant in Lordstown, located next door to another gas-fired plant (see Squabbling Over 2nd Lordstown Utica-Fired Elec Plant Near an End). The squabbling ended Friday when the two sides agreed to settle their differences.
Read More “Legal Dispute Resolved for 2nd Lordstown Utica-Fired Elec Plant”
In November seven anti-pipeline residents of Chester and Delaware counties (Philadelphia suburbs) filed a lawsuit against the Mariner East pipeline projects–1, 2 and 2X–alleging the pipelines are unsafe. It didn’t take long for others to jump on the litigation bandwagon:
Read More “Delaware County Asks to Join Lawsuit Against Mariner East Pipes”
It’s been a while since we’ve checked in on Canadian energy company Enerplus Corp, which currently owns some 36,000 acres of Marcellus Shale leases in northeastern Pennsylvania. The company doesn’t drilling any wells in the region but does participate by funding the drilling programs of others. On Friday Enerplus issued their 2018 and 4Q18 update, which shows the company’s Marcellus production averaged 208 million cubic feet per day (MMcf/d).
Read More “Enerplus 2018 – Still Owns 36K Marcellus Acres in NEPA”
Looks like we won’t have old Floyd Wilson, the colorful CEO of Halcon Resources, to kick around any more. Wilson along with two other Halcon executives–finance chief Mark Mize, and executive vice president of corporate development Steve Herod–all “resigned” on the same day last week. Halcon used to own acreage and drill in the Ohio Utica.
Read More “Halcon CEO Floyd Wilson (Who Guessed Wrong on Utica) Out of a Job”
MDN recently brought you news that two different large LNG export plant projects in Nova Scotia had agreed to pay an undisclosed amount of money to the The Mi’kmaq (pronounced mic-mac) indigenous peoples of Nova Scotia (i.e. Indians) to leave them alone so they can build their facilities (see Pieridae Energy Pays Off Nova Scotia Indians to Allow LNG Plant and Nova Scotia Indians Shake Down a 2nd LNG Export Project). Now we know why.
Read More “Nova Scotia Indians Illegally Shut Down NatGas Storage Site”
MARCELLUS/UTICA REGION: Pennsylvania shale production up, led by Washington County; Tenaska garners accolades for South Huntingdon power plant; DEP issues water quality certification for UGI LNG truck loading facility in Berks; Delmarva Power eyes liquefied natural gas storage facility; Enviros can’t block permits for $2B Nexus project: 6th Circ.; OTHER U.S. REGIONS: Exxon brings in Microsoft’s cloud platform to fire up shale oil output in Texas; More New England natural gas pipelines needed, but unlikely; NATIONAL: Frackers face harsh reality as Wall Street backs away; Natural gas: production is still too high; The oil and gas situation: is a train wreck around the corner?; INTERNATIONAL: Moscow and Beijing discuss natural gas megaproject.
Read More “Energy Stories of Interest: Mon, Feb 25, 2019”