A unit of midstreamer/wholesale energy services provider Twin Eagle Resource Management said Thursday it’s entering the Appalachian Basin with the purchase of a frac sand terminal near Bridgeport, W.V.
Private equity firm District 5 Investments said today it’s investing up to $35 million in startup Pathfinder Resources, a limited liability company formed to acquire producing and non-producing oil and gas mineral interests, royalty interests and non-operated working interests across the U.S.
The U.S. Energy Information Administration is overestimating U.S. crude oil production by 100%, Continental Resource’s founder and CEO Harold Hamm said Wednesday in a Fox Business interview, Oilprice.com reported.
The UK oil and gas industry, both offshore and onshore, have reacted to a study by University of Edinburgh scientists suggesting the UK hydrocarbons reserves may only last another decade, Kallanish Energy reports.
Gross emissions from oil and natural gas production of 25 companies studied are forecast to increase 17% from 2016 to 2025 vs. a 15% increase in production alone, according to a new report from Wood Mackenzie.
Dallas-based Energy Transfer Partners intends to focus on completing horizontal directional drilling along its Rover Pipeline at Captina Creek in eastern Ohio’s Belmont County, Kallanish Energy reports.