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  • Allegheny County | Armstrong County | Ascent Resources | Bradford County | Chesapeake Energy | Doddridge County | Encino Energy | Energy Companies | EQT Corp | Greylock Energy | Guernsey County | HG Energy | Inflection Energy | Lycoming County | McKean County | Ohio | PennEnergy Resources | Pennsylvania | Potter County | Range Resources Corp | Seneca Resources | Southwestern Energy | Susquehanna County | Tuscarawas County | Washington County | Weekly Permits | West Virginia | Wetzel County

    25 New Shale Well Permits Issued for PA-OH-WV Nov 27 – Dec 3

    December 8, 2023December 8, 2023

    New shale permits issued for Nov 27 – Dec 3 in the Marcellus/Utica were much improved over the previous few weeks. There were 25 new permits issued last week versus 14 issued two weeks ago and just one new permit three weeks ago. So the trend is our friend! Last week’s permit tally included 15 new permits in Pennsylvania, 8 new permits in Ohio, and 2 new permits in West Virginia. Three companies tied for top place with 4 permits each: Seneca Resources in PA, Ascent Resources and Encino Energy in OH.
    Read More “25 New Shale Well Permits Issued for PA-OH-WV Nov 27 – Dec 3”

  • Crude Oil | Encino Energy | Energy Companies | Industrywide Issues | Ohio | Statewide OH

    DUG Appalachia: Encino Looks to Grow Oil Production in OH Utica

    December 8, 2023December 8, 2023

    Hart Energy keeps the hits rolling, publishing interviews and articles from the recent DUG Appalachia event held in Pittsburgh in November. The latest is a transcript of an interview between Hart Energy’s editorial director and Encino Energy’s CTO. According to the CTO, the company uses “machine learning” to perfect its oil drilling in the northern Ohio Utica, and it’s paying off. Encino is looking to expand in the Ohio Utica — looking to lease more and drill more.
    Read More “DUG Appalachia: Encino Looks to Grow Oil Production in OH Utica”

  • Diversified Energy | Energy Companies

    DUG Appalachia: Diversified Buys, Optimizes, Holds for Long-Term

    December 8, 2023December 8, 2023

    One of the speakers at the recent Hart Energy DUG Appalachia event in Pittsburgh was Douglas Kris, senior vice president of Diversified Energy. For years, we have highlighted Diversified’s “contrarian” business model (see our Diversified stories here). Diversified Energy (formerly Diversified Gas & Oil), with major assets in the Marcellus/Utica as well as other regions, owns approximately 8 million acres of leases with 67,000 (mostly) conventional oil and gas wells. The company’s business model is to buy lower-producing (older) wells on the cheap, find ways to make them more productive and keep them for decades to come. Kris further explained the company’s model and philosophy at DUG…
    Read More “DUG Appalachia: Diversified Buys, Optimizes, Holds for Long-Term”

  • CNG/LNG | Exporting | Industrywide Issues

    Venture Global LNG Fights Back, Says It Did Not Violate Contracts

    December 8, 2023December 8, 2023

    Venture Global’s Calcasieu Pass LNG export facility recently received Federal Energy Regulatory Committee (FERC) authorization to place the final three liquefaction blocks (7-9) into service (see Venture Global Gets FERC OK to Commission 3 Calcasieu Pass Trains). The other trains, 1-6, have been online for 18 months but are not officially in commercial service, even though the facility has shipped over 200 cargoes! Venture Global claims it’s still working out the kinks. Venture’s contracted customers are frustrated that they aren’t getting any shipments and have sued (see Repsol Joins Shell, BP in Suing Venture Global for Missed LNG). In recent interviews, Venture Global CEO Mike Sabel challenged those claims, stating the contracts don’t force him to sell to them. Talk about chutzpah!
    Read More “Venture Global LNG Fights Back, Says It Did Not Violate Contracts”

  • Industrywide Issues | Research | Storage

    U.S. Begins Winter with Most NatGas in Storage Since 2020

    December 8, 2023December 8, 2023
    Natural gas storage

    According to the U.S. Energy Information Administration (EIA), the best number crunchers in the business, working natural gas in storage in the Lower 48 United States ended the natural gas injection season at 3,776 billion cubic feet (Bcf). The Lower 48 entered the winter heating season, which runs from November 1–March 30, with the most natural gas in storage since 2020. This is yet another reason why we’re seeing low low low natural gas prices. Extra supply with the same (or less) demand equals lower prices. It’s Economics 101.
    Read More “U.S. Begins Winter with Most NatGas in Storage Since 2020”

  • Industrywide Issues | Litigation | Pipelines | Regulation

    INGAA Files Lawsuit Challenging PHMSA’s New Pipeline Safety Regs

    December 8, 2023December 8, 2023

    In May, the PHMSA issued a proposed new rule that would slap onerous and very expensive new requirements on pretty much all natural gas pipelines in the country, including 2.7 million miles of gas transmission, distribution, and gathering pipelines; 400+ underground natural gas storage facilities; and 165 liquefied natural gas facilities (see Biden DOT Issues New Partisan Methane Rules for All Gas Pipelines). The country’s top trade organizations representing the midstream (pipeline) industry filed comments pointing out major flaws in the new rule (see Major Pipeline Associations File Comments Against New PHMSA Regs). One of those organizations, the Interstate Natural Gas Association of America (INGAA), filed a lawsuit earlier this week in federal court challenging the new rule.
    Read More “INGAA Files Lawsuit Challenging PHMSA’s New Pipeline Safety Regs”

  • Industrywide Issues | Research | Reserves (Proved and Unproved)

    Global Oil & Natural Gas Reserves Increase – Breakdown by Country

    December 8, 2023December 8, 2023

    Each year, the Oil & Gas Journal updates oil and natural gas reserves by each O&G-producing country. It’s a fascinating look at where the biggest (and smallest) oil and gas supplies exist on the planet. Would it surprise you to learn that three other countries have more (far more) natural gas reserves than we have here in the U.S.? Perhaps even more startling, There are eight countries with more oil reserves than the U.S. Unfortunately, most of the countries with larger supplies are enemies of the U.S.
    Read More “Global Oil & Natural Gas Reserves Increase – Breakdown by Country”

  • Best of the Rest

    Other Stories of Interest: Fri, Dec 8, 2023

    December 8, 2023December 8, 2023

    NATIONAL: Crude continues losing streak in saturated market; Poll finds people don’t want to “electrify everything”; INTERNATIONAL: $50B Woodside/Santos merger creates world-class LNG biz; Fears grow that fossil fuel firms will capture hydrogen industry; Green groups at COP28 demand U.S. halt support for LNG.
    Read More “Other Stories of Interest: Fri, Dec 8, 2023”

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