Former Carrizo O&G Team Forms New Company to Drill in Ohio Utica
We always get a small thrill when we notice a new company working in the Marcellus/Utica. This is one of those occasions. Tiburon Oil & Gas Partners, LLC, headquartered in Houston, TX, is headed by four former Carrizo Oil & Gas executives. Tiburon was formed in 2022 “to responsibly acquire, develop, and operate upstream oil and gas assets in the Appalachian Basin.” In a press release issued yesterday, Post Oak Energy Capital announced it is giving buckets of money to Tiburon to close a deal to lease land in the liquids-rich portion of the Utica Shale play in Ohio. Have money, will drill. Read More “Former Carrizo O&G Team Forms New Company to Drill in Ohio Utica”
In early September, MDN told you that UGI Corporation, one of PA’s largest utility companies, plans to store trailers of LNG in the parking lot of a storage facility near Scranton, PA, and is seeking a zoning variance to do so (see 
We’ve been talking a lot lately about data centers and AI (artificial intelligence) because these facilities use enormous amounts of electricity, and electricity must be generated somehow. Most often, electricity is generated by burning natural gas. Gas-fired plants are important customers for Marcellus/Utica gas. A situation in Ohio in the Columbus area related to gas-fired power is likely to play out in other areas, too. It’s something you should be aware of. The issue, in a nutshell, is this: Who should pay to build new power sources to feed data centers? Should existing electric customers be on the hook for some of the cost? Should the data centers (companies like Google, Amazon, Microsoft, Facebook, etc.) pay upfront or be forced to commit to long-term contracts for the extra demand they will place on the grid? 
Dominion Energy Virginia yesterday issued its “2024 Integrated Resource Plan” to the Virginia State Corporation Commission (SCC) and the North Carolina Utilities Commission (NCUC). The document outlines a plan to meet rising power demand through significant investments in new power generation from “every source,” expansion and modernization of the power grid, energy storage, and energy efficiency programs. The problem is (from our perspective), the plan deemphasizes natural gas in favor of unreliable renewables, to the peril of Dominion’s customers. 
Simply amazing. In August, we told you that most of Venture Global’s contracted customers for LNG from the company’s Calcasieu Pass LNG export facility in southwestern Louisiana’s Cameron Parish had filed for arbitration over Venture Global’s refusal to sell them cargoes under contract (see 
OTHER U.S. REGIONS: Unprecedented court ruling puts a $18.4 billion LNG project at risk; Oil and gas trade group decries Gov. Newsom’s ‘personal insults’; NATIONAL: Anti-fracking groups gave Kamala $17 million after she swore off fracking; UCS paper says natural gas alternatives won’t address climate change; INTERNATIONAL: Why Saudi Arabia may ‘open the spigot’ on oil production; Oil prices plummet as Israel eases Iran strike fears; China still investing in coal plants abroad after ban.