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North Dakota’s oil production fell by 6,000 barrels per day in December to 1.27 million bpd, even as the number of producing wells climbed to a record high, monthly data from the state’s Industrial Commission showed on Thursday. Oil producers cut back on hydraulic fracturing activity ahead of expected colder weather and the holidays, reducing …
Oil Output in North Dakota Fell in Dec., Despite Record Well Count Read More »
ET executive calls anticompetitive claims ‘unfounded,’ ‘false’ Williams pushes back Louisiana project to 2025 amid dispute There’s no love lost between Energy Transfer LP and Williams Cos. The two pipeline giants hurled accusations at each other Wednesday and gave details of an ongoing court battle over building natural gas projects in Louisiana. Energy Transfer has been accused of …
Energy Transfer, Williams Trade Barbs as Gas Pipeline Spat Heats Up Read More »
Reuters Feb 15 (Reuters) – New York Governor Kathy Hochul said on Thursday that the New York State Public Service Commission has adopted a $200 million energy bill credit program to be managed by large electric and gas utilities on behalf of their customers. Under the plan proposed by the Energy Affordability Policy working group, …
New York Governor Unveils $200 Million Energy Bill Relief Program Read More »
(Reuters) – Occidental Petroleum on Thursday said a U.S. regulator’s second request for information on the acquisition of shale producer CrownRock has pushed back the deal’s closing date to second half this year. The delay in Federal Trade Commission (FTC) approval of the $12 billion acquisition will make the Houston-based oil company postpone planned sales of …
Occidental Says CrownRock Deal Delayed by FTC Requests of ‘Everything’ Read More »
The Biden administration has awarded Strategic Petroleum Reserve (SPR) contracts for 2.95 million barrels of oil worth about $229.5 million to four companies, the U.S. Energy Department said on Thursday. The U.S.-produced crude oil is being purchased for an average price of $77.81 per barrel, lower than the average of about $95 per barrel that …
U.S. Awards SPR Contracts Worth $229.5 Million to ExxonMobil, BP, Others Read More »
U.S. natural gas producers are slashing spending and reducing drilling activity following a sharp decline in prices, companies said this week during earnings presentations and analyst calls. For months of relatively low gas prices, many producers kept output mostly steady on expectations that demand would rise in 2024 and 2025 when several liquefied natural gas …
U.S. Natgas Drillers Cut Spending, Reduce Activity Amid Price Crash Read More »
U.S. producers blew through forecasts last year, adding the equivalent of another Venezuela to global supplies. As reliably as warm weather returns to West Texas in late February, US shale executives are out on the road this earnings season pledging they’ll keep production growth modest during the next 12 months. The past 12 months offer reason for …
U.S. crude oil stockpiles rose last week while gasoline and distillate inventories fell as refinery runs dropped to their lowest since December 2022, the Energy Information Administration said on Wednesday. Crude inventories rose by 12.0 million barrels to 439.5 million barrels in the week to Feb. 9, the EIA said, far exceeding analysts’ expectations in …
U.S. Crude Stockpiles Rise, Products Draw Down as Refining Drops – EIA Read More »
Google and environmental group Environmental Defense Fund on Wednesday unveiled a partnership to expose sources of climate-warming emissions from oil and gas operations that will be detected from space by a new satellite. MethaneSAT will launch next month, one of several satellites that are being deployed to monitor methane emissions across the globe to pinpoint …
Google to Share Oil and Gas Methane Leaks Spotted From Space Read More »
A federal appeals court has for the second time rejected a challenge by property owners to the Mountain Valley Pipeline’s use of eminent domain, finding that a federal law bars the case despite a recent U.S. Supreme Court ruling that made it easier to sue federal agencies. In a unanimous, unsigned opinion on Tuesday, a …
U.S. Appeals Court Rejects Renewed Challenge to Mountain Valley Pipeline Read More »
