- Joe Barone, Shale Directories
- Blog
- June 25, 2019
Former EQT CEO scolds his industry big time
PITTSBURGH – That sharp “whack” you heard coming from this city’s David L. Lawrence Convention Center last Friday was one of the oil and gas industry’s own smacking the industry upside its collective head.- Joe Barone, Shale Directories
- Blog
- June 25, 2019
Missouri-Kansas wind farm gets go-ahead
Construction will begin this fall on a 600-megawatt wind project in southwest Missouri/southeast Kansas, following approval of the plan by the Missouri Public Service Commission, Kallanish Energy finds.- Joe Barone, Shale Directories
- Blog
- June 24, 2019
Massive explosions rip East Coast’s largest refinery
Massive explosions and fire engulfed Philadelphia Energy Solutions’ refinery last Friday resulting in significant damage and renewing concerns about the oil industry’s use of a toxic chemical to make high-octane gasoline at plants in populated areas.- Joe Barone, Shale Directories
- Blog
- June 24, 2019
$1.2B West Virginia coal-to-liquids plant announced
A West Virginia company last week announced plans for a $1.2 billion coal-to-liquids plant to be built in Mason County, West Virginia, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- June 21, 2019
Layne, DeNezza join Meritage as Coo, Cfo
Meritage Midstream announced T. Jeffrey Layne and Matthew DeNezza have joined the company’s leadership team as chief operating officer and chief financial officer, respectively, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 21, 2019
Development Capital forms $165M JV in the Permian
Development Capital Resources (Dcr) said this week a company unit, capitalized by funds managed by affiliates of Ares Management, has entered into a drilling and development joint venture with a private operator in the Permian Basin, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 20, 2019
PG&E settles wildfire claims for $1B
Pacific Gas and Electric said Wednesday it’s reached agreements to resolve wildfire claims made by 18 local public entities (cities, counties, districts and public agencies) impacted by the 2015 Butte Fire, 2017 Northern California wildfires and 2018 Camp Fire.- Joe Barone, Shale Directories
- Blog
- June 20, 2019
Chisholm O&G, Gastar Exploration merging
A pair of independent producers, Chisholm Oil and Gas of Oklahoma, and Gastar Exploration of Houston, which exited Chapter 11 just five months ago, announced Wednesday they’re merging, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 19, 2019
EQM raises cost, delays timing of Mvp
EQM Midstream Partners said this week it has raised the projected cost of its Mountain Valley natural gas pipeline from West Virginia to Virginia to $4.8-$5.0 billion, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 19, 2019
Trudeau government again approves Trans Mountain line
As expected, Canadian Prime Minister Justin Trudeau’s federal government has approved the long-delayed expansion of the Trans Mountain oil pipeline in western Canada, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 18, 2019
Maryland AG asks federal judge to dismiss Columbia suit
Maryland Attorney General Brian Frosh has asked a federal judge to dismiss a lawsuit filed by TransCanada’s Columbia Gas Transmission unit that wants to build a natural gas pipeline through three miles of the Maryland countryside state officials have rejected.- Joe Barone, Shale Directories
- Blog
- June 18, 2019
Crude production inches up from June to July: Dpr
Crude oil production in the seven most prolific basins/plays in the Lower 48 U.S. states is projected to increase by less than 1% from June to July, the latest Energy Information Administration data reveals, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 17, 2019
ND’s April crude production near high, natgas sets mark
North Dakota crude oil production was flat in April, just below a record set earlier this year, state regulators said Friday — but natural gas production again set an all-time record, Kallanish Energy finds.- Joe Barone, Shale Directories
- Blog
- June 17, 2019
TX company wants to move royalties suit to federal court
A class-action lawsuit filed by nine Idaho residents who signed leases with a Texas-based independent oil and gas producer may be moved from state court to federal court, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 14, 2019
TPG, Glendale partner to buy non-operated assets
Global finance/investment firm TPG Sixth Street and private oil and gas producer Glendale Energy Ventures announced a new oil and gas investment partnership with an initial $500 million in capital commitments.- Joe Barone, Shale Directories
- Blog
- June 14, 2019
Callon closes southern Midland Basin sale
Independent producer Callon Petroleum said Thursday it closed on the previously announced divestiture of non-core assets in the southern Midland Basin to Sequitur Permian LLC for net cash proceeds of $245 million, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 14, 2019
Prime Rock, New Dawn partner in the Austin Chalk
Prime Rock Resources and New Dawn Energy are partnering to develop assets contributed by each company in central Louisiana, targeting the Austin Chalk play, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 13, 2019
Appalachian storage hub loan guarantee perhaps in trouble
An amendment to a major government appropriations bill (H.R. 2740) could mean trouble for a $1.9 billion Energy Department loan guarantee for the proposed natural gas liquids storage facility planned for Appalachia, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 13, 2019
Southwestern states have better solar resources: EIA
Utility-scale solar photovoltaic (PV) power plants in the U.S. operated on average at roughly 25% of their electricity generating capacity, based on an average of annual values, from 2014 through 2017, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 13, 2019
Jumar Energy inks development pact with Mongoose
Oil and gas investment company Jumar Energy Capital said this week it’s entered into a joint development agreement with two-year-old independent producer Mongoose Energy, which is backed by EnCap Investments.- Joe Barone, Shale Directories
- Blog
- June 12, 2019
Shell to sell California refinery for $1B
Oil supermajor Royal Dutch Shell has agreed to sell its Martinez, California, refinery, 30 miles northeast of San Francisco, to independent refiner PBF Energy for up to $1 billion, the two companies announced Tuesday, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 11, 2019
Meritage launches open season for Thunder Creek extension
Meritage Midstream Services II said Monday its Thunder Creek NGL Pipeline subsidiary launched a binding open season to support construction of a 140-mile extension to its existing natural gas liquids pipeline, Kallanish Energy reports.US line pipe prices sink again
U.S. line pipe prices sunk in May, Kallanish Energy’s sister publication, Kallanish, learns from analyst Pipe Logix. Average U.S. line pipe prices fell by 1.5% from April to May, reaching a combined $1,757/short ton at the distribution level.- Joe Barone, Shale Directories
- Blog
- June 10, 2019
Martin Midstream sells storage assets in $215M deal
Martin Midstream Partners said Monday it’s selling to Hartree Cardinal Gas its membership interests in Arcadia Gas Storage, Cadeville Gas Storage Monroe Gas Storage, and Perryville Gas Storage for $215 million in cash.- Joe Barone, Shale Directories
- Blog
- June 10, 2019
‘Urgent’ call to take advantage of Appalachia’s ethane largesse
CECIL TOWNSHIP, Pennsylvania – The Appalachian Basin, specifically the trio of states including Pennsylvania, Ohio and West Virginia, is approaching a tipping point when determining what is done with the substantial volume of ethane produced here.- Joe Barone, Shale Directories
- Blog
- June 10, 2019
Working gas in storage jumps by triple digits
The volume of working natural gas injected into underground storage during the week ended May 31, was the second-highest amount in 2019, and the fifth time this year the volume was measured in triple digits, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 7, 2019
Horizontally drilled wells dominate U.S. O&G production
Wells drilled horizontally into tight oil and shale gas plays continue to account for an increasing share of crude oil and natural gas production in the U.S., the Energy Information Administration said Thursday.- Joe Barone, Shale Directories
- Blog
- June 6, 2019
Maine Senate passes offshore drilling ban
The Maine Senate overwhelmingly passed an offshore drilling ban this week by a 31-4 vote, with Bill LD 955 sitting on Gov.- Joe Barone, Shale Directories
- Blog
- June 6, 2019
US crude stockpiles surge 6.8 Mmbbl
U.S. commercial crude oil inventories surged 6.77 million barrels (Mmbbl) in the week ended May 31, the Energy Information Administration reported Wednesday, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- June 5, 2019
Flaring hits record high in Q1 in Permian
Natural gas flaring in the Permian Basin reached an all-time high in 2019’s first quarter due to the lack of pipelines, according to data from Rystad Energy.- Joe Barone, Shale Directories
- Blog
- June 5, 2019
Total acquires Toshiba’s US LNG portfolio & collects $800M
French oil major Total has signed a deal with Japan’s Toshiba to take over its portfolio of liquefied natural gas assets, a deal which actually will put $800 million in Total’s pocket, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- June 3, 2019
Canadian oil production halts as fires spread
Canadian Natural Resources last week evacuated its Pelican Lake and Woodenhouse operations in northern Alberta, the first major shut-in of oil production triggered by wildfires in 2019, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 3, 2019
Working gas added to storage tops 100 Bcf for 3rd straight week
The volume of working gas injected into underground storage in the most recent Energy Information Administration survey topped 100 billion cubic feet for the third consecutive week.- Joe Barone, Shale Directories
- Blog
- May 31, 2019
PG&E plan to use blackouts to prevent wildfires OKed
California regulators Thursday approved PG&E Corp.’s plan to impose blackouts this summer across large swaths of its territory to prevent major wildfires — and told customers don’t count on reliable electric service as the fire season gets underway.- Joe Barone, Shale Directories
- Blog
- May 31, 2019
LNG now known as ‘freedom gas’ at Doe
Please don’t refer to super-chilled natural gas as liquefied natural gas or LNG, when in the U.S. Effective this past Tuesday, the official name for LNG is “freedom gas,” Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 30, 2019
Tortoise acquires Piper’s midstream advisory business
Investment firm Tortoise Capital Advisors said Wednesday it’s acquiring the midstream asset management business of Advisory Research Inc. from parent company Piper Jaffray Cos.- Joe Barone, Shale Directories
- Blog
- May 30, 2019
Pdc wins proxy fight with Kimmeridge Energy
Colorado-based Pdc Energy won its proxy battle with Kimmeridge Energy Management, according to a preliminary vote count released Wednesday after Pdc’s 2019 annual stockholder meeting.- Joe Barone, Shale Directories
- Blog
- May 29, 2019
Cameron LNG preparing for 1st export shipment
Liquefied natural gas export terminal Cameron LNG is preparing to load its first export shipment of LNG following the arrival of the first LNG tanker at its Louisiana facility, the Houston Chronicle newspaper reported.- Joe Barone, Shale Directories
- Blog
- May 29, 2019
Atlantic Power selling gas-fired Manchief peaker
Independent power producer Atlantic Power Corp. said Tuesday it’s selling its Manchief power plant to Public Service Company of Colorado for $45.2 million, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 28, 2019
Permian crude production may finally have met its match
HOUSTON – It may be hard to believe, but there could be a big transportation change coming to the Permian Basin of West Texas/southeast New Mexico.- Joe Barone, Shale Directories
- Blog
- May 28, 2019
‘Brave new world’ for U.S. crude, gas, NGL industry: RBN
HOUSTON – It’s quite clear U.S. crude oil, natural gas and natural gas liquids production only goes up, and since the U.S.- Joe Barone, Shale Directories
- Blog
- May 24, 2019
Alberta introduces bill to repeal carbon tax
Canada’s Alberta Province Wednesday introduced a bill to repeal the provincial carbon tax, setting up a legal battle between recently-seated Premier Jason Kenney’s United Conservative Party, and Justin Trudeau’s Liberal government in Ottawa.- Joe Barone, Shale Directories
- Blog
- May 24, 2019
Icahn-backed refiner considers potential sale
Independent refiner/nitrogen fertilizer provider CVR Energy, which has been controlled for roughly seven years by billionaire activist investor Carl Icahn, said this week the company is considering selling itself and other “strategic alternatives,” Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 23, 2019
U.S. asks Supreme Court for more time on Acp appeal
The U.S. Solicitor General asked the Supreme Court Wednesday to extend the time the government has to file a petition in an appeal of a circuit court decision preventing Dominion Energy from building the Atlantic Coast natural gas pipeline (Acp) across the Appalachian Trail in Virginia.- Joe Barone, Shale Directories
- Blog
- May 23, 2019
U.S. crude inventories jump surprising 4.7 Mmbbl
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) rose by 4.7 million barrels during the week ended May 17, vs.- Joe Barone, Shale Directories
- Blog
- May 23, 2019
UPS trucks in to fuel up with renewable natural gas
International shipping giant UPS said Wednesday it’s buying 170 million gallon-equivalents of renewable natural gas from California-based gas provider Clean Energy Fuel by 2026 — the largest commitment ever of any U.S.- Joe Barone, Shale Directories
- Blog
- May 22, 2019
Nrg buying Stream Energy’s retail energy business
Nrg Energy has agreed to acquire Stream Energy’s retail electricity and natural gas business for $300 million plus working capital in an all-cash deal, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 21, 2019
Roan hires Citi, Jefferies to assist in review
Independent producer Roan Resources said Monday it’s hired Citigroup Global Markets and Jefferies to assist the company in evaluating “strategic alternatives,” Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 21, 2019
KKR, Western partner to pursue deals in the Williston
Global investment behemoth KKR and privately-held Western Natural Resources Monday announced they are partnering to acquire producing and undeveloped oil and gas assets in the Williston Basin.- Joe Barone, Shale Directories
- Blog
- May 20, 2019
Rice Team revises EQT board slate to 7 from 9
Toby Z. Rice and Derek A. Rice, EQT shareholders trying to wrest control from the executives and board of the U.S.’s largest natural gas producer, said last week they’re reducing the size of their slate of nominees for the EQT board to seven from nine, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 17, 2019
South Dakota sues Texas O&G company for $15.5M
The state of South Dakota is suing a privately-held Texas-based exploration and production company for $15.5 million for abandoning 40 natural gas wells in Harding County, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 17, 2019
Ferc Approves Freeport LNG expansion
The Federal Energy Regulatory Commission Thursday approved the construction of the Train 4 expansion at the Freeport LNG terminal on Quintana Island near Freeport, Texas, Kallanish Energy reports. The Train 4 project is an expansion of the liquefaction project currently under construction at the Freeport LNG terminal.- Joe Barone, Shale Directories
- Blog
- May 16, 2019
PG&E power lines caused California’s ‘deadliest wildfire’: officials
California authorities said Wednesday power lines owned and operated by Pacific Gas & Electric Corp. (PG&E) caused the state’s most destructive wildfire ever – which killed 85 and nearly destroyed an entire city, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- May 16, 2019
Pipeline explosion forces producer into bankruptcy
A natural gas explosion last September in a pipeline not yet in service has led to an independent producer backed by Goldman Sachs’s private equity arm and the Ontario Teachers Pension Fund filing for Chapter 11 bankruptcy, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 15, 2019
Duc total falls in latest EIA survey
The number of drilled, but uncompleted wells located in the Lower 48 U.S. states’ seven most productive, unconventional basins and plays fell by a half-percent between March and April, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 14, 2019
Gas production expected to jump from May to June
Natural gas production from the Lower 48 U.S. states’ seven most productive unconventional plays and basins will jump by nearly 1 billion cubic feet per day (Bcf/d) from May to June, the Energy Information Administration reports.- Joe Barone, Shale Directories
- Blog
- May 14, 2019
Cloud Peak Energy voluntarily files for Chapter 11
Cloud Peak Energy, which bills itself as the only pure-play Powder River Basin coal company, has announced it’s filed for protection from creditors under Chapter 11 of the U.S.- Joe Barone, Shale Directories
- Blog
- May 13, 2019
Columbia reaches settlement concerning gas explosions
The three municipalities affected by last September’s gas explosions have reached an $80 million settlement with local gas distribution company Columbia Gas of Massachusetts, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 13, 2019