Best of This Week’s Drilling Activity Highlights (April 30, 2021)
High-volume Bakken completions, Marcellus Shale discoveries from Cabot and Chesapeake plus results of three Woodford Shale wells in Oklahoma’s Grady County by Continental Resources top this week’s oil and gas drilling activity highlights from around the world.
Midstream Business Regulatory Repercussions: The Last Greenfield Pipeline?
High costs, regulatory hurdles and environmentalist opponents have made it difficult to construct major natural gas pipelines out of Appalachia.
PE-backed 61C Global to Open Houston Office Following Recent Acquisitions
The acquisitions of Vega Energy Partners and WGL Midstream follow the sale of AltaGas’ U.S. transportation and storage business to an entity owned by 61C Global and Vega for roughly $275 million on April 23.
Supreme Court Tackles PennEast’s Bid to Seize N.J. Land
Pipeline company argues that the Natural Gas Act allows it to exercise the power of eminent domain.
Chesapeake Energy Names Mike Wichterich Interim CEO as Doug Lawler Steps Down
Doug Lawler stepped in at Chesapeake Energy in 2013 following the departure of the company’s then CEO, Aubrey K. McClendon, who co-founded the Oklahoma City-based company and built it into a shale gas giant.
Best of This Week’s Drilling Activity Highlights (April 23, 2021)
Marcellus Shale discoveries reported in Harrison County, West Virginia, Continental Resources Middle Bakken and Three Forks producers at single drill pad plus four Hayneville wells completed in Caddo Parish by Chesapeake Energy top this week’s oil and gas drilling activity highlights from around the world.
Report Claims Appalachia Outweighs Permian Basin as Top Methane Emitting Region
While the methane footprint of the Appalachian Basin was found to be larger than that of the Permian in absolute terms, the methane intensity of gas production in Appalachia was lower, says data analytics firm Kayrros.
Energy A&D Transactions from the Week of April 21, 2021
Here’s a snapshot of recent energy deals including a new JV formed by Vortus Investment Advisors to develop oil-rich assets in the Permian Basin in New Mexico’s Eddy County.
Shale Gas Producer EQT Backs Biden’s Methane Crackdown
Cutting emissions, EQT CEO Toby Rice says, is “going to be key to allowing natural gas to continue to play a leading role in our energy transition.”
Shale Giant EQT Seeks to Further ESG Certification for Natural Gas Production
Following completion of its certification pilot projects announced this year, EQT says it will be producing more certified gas than any other U.S. producer’s entire natural gas production.