Post Tagged with: "pennsylvania"

‘Unleash American energy’: Trump

‘Unleash American energy’: Trump

Trump touts administration’s moves in Pittsburgh

‘Unleash American energy’: Trump - oil and gas 360

Speaking to a mixed crowd of natural gas industry representatives and rank-and-file western Pennsylvania supporters on Wednesday, President Donald Trump said he is bringing an end to “the war on American energy.”

He made …

October 25, 2019 - 8:05 am
Enbridge to Keep Kentucky Gas Pipe Shut for at Least a Week After Blast

Enbridge to Keep Kentucky Gas Pipe Shut for at Least a Week After Blast

From Reuters


Canadian energy company Enbridge Inc said the section of its Texas Eastern pipeline in Kentucky that exploded on Thursday, killing one person, will remain shut through at least Aug. 12.

Enbridge said in a notice to customers Monday …

August 6, 2019 - 6:03 am
Source: PRNewsfoto/Contura Energy

Contura Energy Appoints New CEO and Board Member

By Tyler Losier, Energy Reporter, Oil & Gas 360

Contura Energy selects David J. Stetson as its new CEO and as a member of its board of directors
Contura Energy (stock ticker: CTRA), a Tennessee-based coal supplier, has unanimously elected

July 30, 2019 - 5:02 pm
Source: Lime Rock Resources

Buyer Revealed in Range’s $634 Million Appalachian Asset Sale

By Tyler Losier, Energy Reporter, Oil & Gas 360

Lime Rock Resources purchases 350,000 net surface acres of overriding royalty interests from Range Resources Corporation

Lime Rock Resources, the E&P arm of private equity firm Lime Rock Partners, has closed

July 26, 2019 - 3:37 pm
Pennsylvania Had Record Year for Natural Gas Production

Pennsylvania Had Record Year for Natural Gas Production

From Trib Live


Pennsylvania had a record year for natural gas production in 2018, the state Department of Environmental Protection said on Wednesday.

Unconventional well operators produced 6.1 trillion cubic feet of natural gas in 2018 — an increase of …

July 11, 2019 - 6:00 am
Toby Rice Wins Control of EQT After Proxy Battle

Toby Rice Wins Control of EQT After Proxy Battle

From The Pittsburgh Post-Gazette


Toby Rice is set to take control of EQT Corp., nine months after launching a fast-moving campaign to replace the oil and gas company’s leadership and less than two years after selling his company Rice Energy …

July 10, 2019 - 6:31 am
Source: Lineal Industries

E&P Diversifies Through Merger

By Tyler Losier, Energy Reporter, Oil & Gas 360

Acquisition of Lineal Star completed in an all-stock transaction
Camber Energy (stock ticker: CEI), an independent E&P with a new focus on adding midstream, downstream and field service activities, closed its

July 9, 2019 - 3:26 pm
TransCanada acquired several natural gas assets in the United States, including the Hickory Bend Gathering System and Cryogenic Processing Plant, in Ohio, as part of the Columbia Pipeline Group acquisition in 2016.

TC Energy Unloads Columbia Midstream for $1.3 Billion

By Tyler Losier, Energy Reporter, Oil & Gas 360

UGI subsidiary to acquire Columbia Midstream from TC Energy subsidiary
UGI Corporation (stock ticker: UGI) subsidiary UGI Energy Services has signed a definitive agreement to acquire the equity interests of Columbia

July 3, 2019 - 3:16 pm
Summer Drive Season More Costly as East Coast Refinery Burns

Summer Drive Season More Costly as East Coast Refinery Burns

From Bloomberg


Blaze contained at PES facility, major New York supplier, refinery is largest such complex in U.S. East Coast region

Gasoline futures jumped the most in three months after an explosion and fire at the Philadelphia Energy Solutions oil …

June 21, 2019 - 6:00 am
A Look at U.S.A.’s Energy States: Which Are the Best and Worst for Business?

A Look at U.S.A.’s Energy States: Which Are the Best and Worst for Business?

CEOs rank Texas at the top, California at the bottom

Chief Executive magazine has published its newest list of the best and worst states for business. Texas ranked Number One—again. California is Number 50—again.

In the executive summary of

May 16, 2019 - 1:09 pm
Marcellus and Utica Region Will Supply Nearly Half of Nation’s Natural Gas by 2040: IHS

Marcellus and Utica Region Will Supply Nearly Half of Nation’s Natural Gas by 2040: IHS

Natural gas liquids production in the Marcellus and Utica formations expected to nearly double in Ohio, Pennsylvania and West Virginia, drawing petrochemical expansion
According to a new study from IHS Markit, the Marcellus and Utica shale formations’ production will increase

March 21, 2019 - 4:12 pm
Pennsylvania Governor Seeks Natural Gas Tax to Raise $4.5 Billion

Pennsylvania Governor Seeks Natural Gas Tax to Raise $4.5 Billion

From Reuters

Pennsylvania Governor Tom Wolf on Thursday proposed a tax on extracting natural gas to pay for his plan to spend $4.5 billion over the next four years to improve the state’s infrastructure.

The state legislature, however, has refused …

January 31, 2019 - 5:10 pm
Source: Southwestern Energy

Southwestern Q3: Heard on the Call

Southwestern Energy (ticker: SWN) reported its Q3 results and held its Q3 earnings call today, providing more information about Northeastern Appalachian dynamics, NGL production growth, and also discussed the merits of liquid-rich wells.

Highlights from the Q3 results include:

Generated

October 26, 2018 - 5:53 pm
Pennsylvania NatGas Production Second Only to Texas

Pennsylvania NatGas Production Second Only to Texas

Pennsylvania natural gas production has been on an upward curve since 2009.

According to the EIA, Pennsylvania averaged a record 15 Bcf/d in 2017. Producers have the Appalachian Basin to thank – Pennsylvania accounted for 19% of total U.S. marketed …

April 23, 2018 - 5:20 pm
Billion-Dollar PennEast Pipeline Approved by FERC

Billion-Dollar PennEast Pipeline Approved by FERC

Severe temperatures and extreme prices push FERC toward pipeline approval; will bring Marcellus gas to Pa., NJ customers

According to PennEast Pipeline Company LLC, the Federal Energy Regulatory Commission (FERC) recognized the need for and the public benefit of the …

January 22, 2018 - 4:43 pm
Massive Nor’easter Pushes Gas Prices, Consumption to Record Levels

Massive Nor’easter Pushes Gas Prices, Consumption to Record Levels

New York spot prices reaching $46.50/MMBTU

A heavy winter storm roared through New England today, bringing high winds and snowfall to the region. Morning forecasts predicted New York could see snow accumulations of nine inches, and even higher snowfalls in …

January 4, 2018 - 5:33 pm
Cabot Oil & Gas  – Day One Breakout Notes

Cabot Oil & Gas – Day One Breakout Notes

Cabot presents at EnerCom’s The Oil & Gas Conference®

 During Cabot’s breakout session, management was asked the following questions:

  • Where are you in terms of held by production in the Eagle Ford in the next 3-5 years and would you
August 15, 2016 - 1:37 pm
Source: WPX

Pennsylvania’s Natural Gas Production Rose 13% in 2015, Despite 35% Decrease in Well Permitting

Natural gas production in Pennsylvania increased by 550,937 MMcf in 2015

The production of natural gas continued to climb in Pennsylvania in 2015 despite lower commodities prices, and a decrease in drilling activity.

A report from the state’s Department of

August 10, 2016 - 4:50 pm
Antero Resources Snags 55,000 Core Marcellus Acres

Antero Resources Snags 55,000 Core Marcellus Acres

Antero Resources (ticker: AR) has signed an agreement with Southwestern Energy (ticker: SWN) to acquire approximately 55,000 net acres in the core of the Marcellus shale, the company announced on June 9, 2016. Approximately 75% of the 55,000 net …

June 9, 2016 - 5:50 pm
Shell Announces FID for New Petrochemical Plant to Draw from Marcellus, Utica Gas Production

Shell Announces FID for New Petrochemical Plant to Draw from Marcellus, Utica Gas Production

Royal Dutch Shell announced on June 7, 2016, that the final investment decision has been given for construction of a petrochemical plant in western Pennsylvania. The plant will be located near the Marcellus and Utica shale plays and will collect …

June 7, 2016 - 6:28 pm
Pennsylvania Receives Less from Oil and Gas Tax Revenue than Texas, Alaska

Pennsylvania Receives Less from Oil and Gas Tax Revenue than Texas, Alaska

Via Philadelphia Business Journal

Pennsylvania gets smaller share of tax revenue from oil and gas extraction than Texas, Alaska

Less than 1 percent of Pennsylvania’s tax revenue comes from taxes and fees generated directly from the extraction of oil and …

August 24, 2015 - 1:41 pm
Pennsylvania Forms Task Force to Oversee Construction of 25,000 Miles of Pipeline

Pennsylvania Forms Task Force to Oversee Construction of 25,000 Miles of Pipeline

New task force focuses on developing Pennsylvania infrastructure responsibly

In 2014, Pennsylvania became the second largest natural gas producing state after Texas, producing over 4 trillion cubic feet of natural gas last year, according to the Energy Information Administration. …

July 9, 2015 - 6:43 pm
Source: Gazprom. LNG tanker

European Emissaries Call for the End of U.S. Export Ban

Pennsylvania’s shale gas, affordable prices, preferred over Russian gas

Representatives from about 15 European embassies were in attendance during a recent meeting of the Williamsport-Lycoming Chamber of Commerce to discuss lifting the ban of exports of U.S. crude oil and …

June 23, 2015 - 6:54 pm
Cash-Strapped School District Turns to Natural Gas Drilling for Funding

Cash-Strapped School District Turns to Natural Gas Drilling for Funding

District will receive $500,000 up-front payment if gas is found beneath the school property, then 17% royalties

Pittsburgh’s East Allegheny School District gave the thumbs up to natural gas drilling on middle school property to raise much needed funds for …

November 12, 2014 - 6:32 pm
Welcome the Shale Boom, Welcome Jobs

Welcome the Shale Boom, Welcome Jobs

Fred Upton, Chairman of the House Energy & Commerce Committee, referenced this week’s Fox News special report entitled “No Fracking, No Boom” in his blog update today. The blog compared the jobs-driven economic uplift in Pennsylvania to New York’s southern …

August 14, 2014 - 5:46 pm
A Tale of Two Shale States: When Will New York Drill the Marcellus?

A Tale of Two Shale States: When Will New York Drill the Marcellus?

Almost half of the state of New York is underlain by the Marcellus shale, the nation’s most prolific natural gas deposit. But thanks to a long running delay in permitting—to study hydraulic fracturing—ever since 2008, the State of New York …

July 30, 2014 - 5:56 pm