- Joe Barone, Shale Directories
- Blog
- August 20, 2019
Shell cracker workers paid to listen to Trump speech: report
Union workers at Shell’s ethane cracker complex under construction in Beaver County, Pennsylvania, were required to attend President Trump’s speech at the facility a week ago, or stay home and not be paid, according to the Pittsburgh Post-Gazette newspaper.- Joe Barone, Shale Directories
- Blog
- August 20, 2019
Elevate inks gas gathering/treating pact with Sabine
Elevate Midstream Partners said Monday it’s entered into an eight-year natural gas gathering and treating agreement with Sabine Oil and Gas, a Haynesville Shale producer in East Texas’ Harrison and Panola counties, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 19, 2019
EQM stops work on portion of Mountain Valley line
EQM Midstream Partners told the Federal Energy Regulatory Commission via letter last week the company would stop some work on the Mountain Valley natural gas pipeline in West Virginia and Virginia, as the U.S.- Joe Barone, Shale Directories
- Blog
- August 18, 2019
Stored working gas total still climbing
The volume of working gas injected into storage in the latest Energy Information Administration’s weekly survey rose less than 2% from the previous week, Kallanish Energy calculates.- Joe Barone, Shale Directories
- Blog
- August 15, 2019
Inter Pipeline announces new oil line project
Canada-based Inter Pipeline Ltd. announced it’s received sufficient shipper support for construction of a $100 million pipeline connection between its Bow River and Central Alberta pipeline systems in western Canada, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 15, 2019
Pef Black Bay Energy partnering with Tops
Texas-based private equity firm (Pef) Black Bay Energy Capital said Wednesday’s it’s partnering with, and has invested in, Total Operations and Production Services (Tops), Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 14, 2019
Trump claims credit for cracker plant during PA visit
President Trump boasted Tuesday afternoon about his administration’s efforts to “revive” the nation’s energy and manufacturing sectors during a visit to Royal Dutch Shell’s ethane cracker plant construction site in Beaver County, Pennsylvania.- Joe Barone, Shale Directories
- Blog
- August 14, 2019
New lawsuit filed over Mountain Valley Pipeline
Conservation groups have filed a new lawsuit aimed at the Mountain Valley Pipeline over its impacts on threatened and endangered species, The Associated Press reported.- Joe Barone, Shale Directories
- Blog
- August 13, 2019
LNG Canada project to ship gas to Asia as early as 2024
A C$40 billion ($30 billion) liquefied natural gas export project in British Columbia led by Royal Dutch Shell (40% share) is on track to start exporting LNG to Asia as early as 2024, having received a significant financial boost from Canada’s federal government.- Joe Barone, Shale Directories
- Blog
- August 12, 2019
EnLink executive chair Davis reassumes CEO role
EnLink Midstream announced last week Barry E. Davis, the company’s executive chairman, who led EnLink as its CEO from its founding in 2014 to 2018, has reassumed the role of chief executive while continuing to serve as chairman.- Joe Barone, Shale Directories
- Blog
- August 9, 2019
Oxy sells $13B of debt to help fund Anadarko buy
Occidental Petroleum sold $13 billion of debt to help finance its acquisition of Anadarko Petroleum Corp. after receiving over $75 billion in orders for the deal at the peak, people familiar with the matter told Bloomberg.- Joe Barone, Shale Directories
- Blog
- August 9, 2019
Oxy reaches $1.5B JV deal with Ecopetrol
Occidental Petroleum and Ecopetrol, Colombia’s state-owned oil company, have formed a joint venture to develop assets in the Midland Basin, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- August 8, 2019
Oxy completes $55 billion deal for Anadarko
Occidental Petroleum announced this morning the completion of its $55 billion acquisition of Anadarko Petroleum, including debt assumption, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 8, 2019
Tribal leaders request hearing concerning Dapl
South Dakota tribal leaders are requesting a public hearing in North Dakota about a proposed increase in crude oil carried by the Dakota Access Pipeline (Dapl), Kallanish Energy reports. Energy Transfer Partners plans to expand the pipeline’s capacity from more than 500,000 barrels per day, to as much as 1.1 million barrels per day (Mmbpd) to meet growing demand without constructing additional pipelines or rail shipments.- Joe Barone, Shale Directories
- Blog
- August 7, 2019
Black Bear inks Cotton Valley gathering & processing pact
Black Bear Midstream said Tuesday it’s entered into a seven-year gas gathering and processing agreement with an unnamed Cotton Valley producer in Louisiana’s Desoto and Caddo parishes, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 7, 2019
Caliber buys Bakken assets from American Midstream
Caliber Midstream Holdings said Tuesday it’s acquired Bakken assets in North Dakota from American Midstream Partners for an undisclosed price, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 6, 2019
Enbridge holding open season for Canadian Mainline
Canadian pipeline giant Enbridge has initiated an open season for transportation services on the Canadian Mainline pipeline system, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 2, 2019
Northern Oil and Gas founder leaving company
Northern Oil and Gas, a Williston Basin-based independent producer, announced Michael Reger, founder, president and chairman emeritus, is leaving the company to “pursue opportunities” outside the Williston, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 2, 2019
Pin Oak secures interconnection to Epic, Red Oak lines
Pin Oak Corpus Christi Monday announced new interconnection agreements with Epic Pipeline and Red Oak Pipeline and commencement of construction on its new crude oil trading hub at Taft, Texas, north of Corpus Christi, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 2, 2019
Oil plunges on Fed outlook, ample supply
Crude oil prices plunged Thursday for the first time in six days, after the U.S. Federal Reserve cooled hopes for a string of interest rate cuts, while rising U.S.- Joe Barone, Shale Directories
- Blog
- August 1, 2019
US crude production continues setting monthly records
U.S. crude oil production in each of the first five months of 2019 increased over 2018 levels, with April 2019 establishing a new monthly record, the Energy Information Administration reports.- Joe Barone, Shale Directories
- Blog
- July 29, 2019
Neb says no federal scrutiny needed for gas line
TC Energy’s proposed Coastal GasLink pipeline to supply the LNG Canada project in northern British Columbia is not subject to federal regulation, Canada’s National Energy Board said Friday.- Joe Barone, Shale Directories
- Blog
- July 29, 2019
U.S. approves commercial service for Cameron LNG
The Federal Energy Regulatory Commission last Friday approved Sempra Energy’s request to initiate commercial service of the first liquefaction train at its $10 billion Cameron liquefied natural gas export (Lng) terminal in Louisiana, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- July 26, 2019
Icahn wins ISS support for initial step to shake up Oxy
Billionaire activist investor Carl Icahn’s effort to shake up Occidental Petroleum’s board got a boost from a prominent shareholder advisory firm Thursday, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- July 26, 2019
Plaintiffs win royalty judgment against EQT
A federal judge has given final approval to the settlement of a natural gas royalty civil suit against EQT, which will cost the U.S.’s largest dry gas producer $53.5 million, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- July 25, 2019
Presidio completes asset acquisition from Apache
Presidio Investment Holdings this week announced it’s completed the acquisition of all oil- and natural gas-producing properties in the western Anadarko Basin of Texas, Oklahoma, and Kansas from Apache Corp.- Joe Barone, Shale Directories
- Blog
- July 24, 2019
Conservation groups seek action on dunes sagebrush lizard
Conservation groups have filed a notice to sue the Trump administration for failing to protect the dune sagebrush lizard in the Permian Basin, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 23, 2019
Halliburton profit plunges 85% on charges
Oilfield services firm Halliburton on Monday said it cut 8% of its North American workforce as it took fleets of hydraulic fracturing equipment from the field in response to a continued slump in demand for fracking services in the U.S.- Joe Barone, Shale Directories
- Blog
- July 19, 2019
WildFire Energy I receives over $1B in equity commitments
WildFire Energy I, a startup oil and gas exploration and production company, said Thursday it’s assembled an equity line totaling more than $1 billion from management, funds affiliated with private equity fund Warburg Pincus and investment firm Kayne Private Energy Income Funds.- Joe Barone, Shale Directories
- Blog
- July 18, 2019
Surge completes Permian’s longest-known lateral
Surge Energy US Holdings Co.’s Moss Creek Resources Holdings unit has completed what’s believed to be the longest lateral in the Permian Basin, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 16, 2019
Charletta named Equitrans president
Midstreamer Equitrans Midstream announced Monday Diana M. Charletta was appointed president of the company and president of the general partner of EQM Midstream Partners LP, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 16, 2019
Longhorn launches open season for Touchdown crude system
Longhorn Midstream Holdings announced Monday its LM Touchdown Crude II LLC unit launched a binding open season to support development of its Touchdown Crude Oil Gathering System in the Northern Delaware Basin, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 15, 2019
Iea expects new crude glut in 2020
The International Energy Agency said in its July report released Friday it expects a new glut of crude oil in 2020, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 15, 2019
Bellville Tube to reopen after 5-year hiatus
A Bellville, Texas, tube mill idled in 2014, is being restarted under new ownership, a company press release tells Kallanish, sister publication of Kallanish Energy.Cuadrilla to restart fracking at British site
British shale gas producer Cuadrilla said Thursday it would restart fracking at its Preston New Road site in Britain in the third quarter of 2019, with plans to use a thicker fracking fluid to help reduce earth tremors, Kallanish Energy finds.- Joe Barone, Shale Directories
- Blog
- July 12, 2019
Six minutes alter direction of U.S.’s largest gas producer
It wasn’t hard to figure out the backers of the two sides in the proxy battle between independent producer EQT and dissidents known as the Rice Team Wednesday morning, at the long-awaited annual meeting.- Joe Barone, Shale Directories
- Blog
- July 11, 2019
US dry gas production to set another record: Steo
U.S. dry natural gas production will average 91.3 billion cubic feet per day (Bcf/d) in 2019, up 8.0 Bcf/d from the previous record set in 2018, the Energy Information Administration projects in the just-released July Short-Term Energy Outlook (Steo), Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 11, 2019
Wti crude climbs $1/Bbl in 2020: Steo
West Texas Intermediate crude oil prices will average $62 a barrel in the second half of 2019, and $63/Bbl in 2020, the Energy Information Administration projects in the just-released Short-Term Energy Outlook (Steo), Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 10, 2019
Rice brothers win proxy fight with EQT management
The Rice team, led by Toby and Derek Rice, this morning garnered more than 80% of votes cast at EQT’s annual shareholder meeting with all seven Rice-nominated directors winning seats along with five EQT-nominated and Rice-backed directors.- Joe Barone, Shale Directories
- Blog
- July 9, 2019
Midstreamer Lucid Energy inks pact with XTO
Lucid Energy Group Tuesday announced the company has executed a new, long-term natural gas gathering and processing agreement with ExxonMobil unit XTO Energy, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 8, 2019
Working gas injected falls under 100 Bcf 2nd straight week
The volume of working natural gas injected in the most recent weekly report by the Energy Information Administration was under 100 billion cubic feet for the second straight week, Kallanish Energy reports.Working-rig total slips slightly
The number of rigs working onshore in the Lower 48 U.S. states dipped slightly last week, the fourth week in the last five where the working-rig total has fallen, data from Baker Hughes, a GE company, reveals.- Joe Barone, Shale Directories
- Blog
- July 5, 2019
US gas storage injections on record-setting pace
During the first 12 weeks of the 2019 summer natural gas refill season, typically April 1 to Oct. 31, net injections of working gas into underground storage in the Lower 48 states set a record pace, the Energy Information Administration reported.- Joe Barone, Shale Directories
- Blog
- July 3, 2019
UGI unit acquiring Columbia Midstream for $1.28B
UGI Corp. has announced its UGI Energy Services unit is acquiring Columbia Midstream Group (Cmg) from a subsidiary of TC Energy for roughly $1.28 billion, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 3, 2019
Editor’s Note
Kallanish Energy will not publish Thursday, July 4, in honor of the the Foruth of July holiday in the U.S. Publication resumes Friday.- Joe Barone, Shale Directories
- Blog
- July 2, 2019
Saddlehorn line to expand, add Ft. Laramie origin
Saddlehorn Pipeline Co. announced Monday the expansion of the Saddlehorn pipeline and a new Ft. Laramie, Wyoming origin point for the line, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 1, 2019
EQT wins support in proxy fight with Rice Bros
Just as EQT Corp. is at odds with remnants of Rice Energy, which it acquired in 2017 and became the U.S.’s largest natural gas producer, independent proxy advisory services firms have now come out on opposite sides of the ongoing proxy battle.- Joe Barone, Shale Directories
- Blog
- July 1, 2019
Dominion withdraws natgas project, blames Ferc
Dominion Energy Transmission on Friday withdrew its application filed with the Federal Energy Regulatory Commission for the $48 million, 120 million cubic feet per day (Mmcf/d) Sweden Valley pipeline expansion, Kallanish Energy reports.Working-rig count up by one: Baker Hughes
The number of rigs working in the Lower 48 U.S. states last week rose by a single rig following three consecutive weeks of falling numbers, data from Baker Hughes, a GE company reveals.- Joe Barone, Shale Directories
- Blog
- June 30, 2019
Pa impact fee collections set record
Pennsylvania’s impact fee on natural gas wells yielded its highest payout in the seven years the levy has been collected – surpassing the previous record by roughly $25 million, the state Public Utility Commission (Puc) said last week.- Joe Barone, Shale Directories
- Blog
- June 28, 2019
Proxy advisory firm backs dissidents against EQT
Well-known proxy advisory firm Institutional Shareholder Services (Iss) has issued a report recommending EQT Corp. shareholders elect all seven dissident board nominees advocated by the so-called Rice Team, along with the five EQT nominees backed by the dissidents, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 27, 2019
E&Ps’ shareholder-friendly activities causing problems: Moody’s
North American exploration and production (E&P) companies’ financial leverage has improved since the 2014-16 oil price slump, but further deleveraging will be difficult through 2020, Moody’s Investors Service says.- Joe Barone, Shale Directories
- Blog
- June 27, 2019
Rystad sees another decade of U.S. supply growth
The U.S. will account for almost 25% of global oil and gas production by the early 2030s, as the shale boom continues, according to the CEO of research/intelligence company Rystad Energy.- Joe Barone, Shale Directories
- Blog
- June 26, 2019
Icahn rips Oxy’s board for treating shareholders like ‘peasants’
Billionaire activist investor Carl Icahn ripped Occidental Petroleum Tuesday, criticizing the independent producer’s board, Kallanish Energy reports. He criticized corporate boards in general that treat “shareholders [as] necessary peasants who represent a necessary evil that must be tolerated, possibly patronized, but certainly ignored.” “The recent Occidental Petroleum fiasco is a great example of how CEOs and boards will go to great lengths, including ‘betting the company’ to serve their own agendas,” Icahn said, in a statement.- Joe Barone, Shale Directories
- Blog
- June 26, 2019
Rhode Island regulators reject gas-fired plant
Rhode Island regulators have denied Invenergy a much needed permit for its planned $1 billion, 900-megawatt, natural gas-fired Clean River Energy Center in Burrillville, Rhode Island, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 25, 2019
Arlp acquiring Permian O&G mineral interests for $145M
Alliance Resource Partners LP (Arlp) Monday announced it’s acquiring oil and gas mineral interests from Wing Resources LLC and Wing Resources II LLC for $145 million in cash, Kallanish Energy reports.- 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 24, 2019
WTI, Brent crudes rise Friday, for week
Crude oil futures rose Friday, with U.S. West Texas Intermediate up more than 9% for the week and Brent crude gaining 5%, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 21, 2019