Matthew Veazey

Natural gas utilities can navigate the energy transition by following a three-step action plan, according to economists with management consulting firm The Brattle Group. “Increased coordination among stakeholders — especially between gas and electric utilities, and between gas utilities and technology providers — is needed to ensure decarbonization is achieved in the most cost-effective way…

The Pennsylvania Public Utilities Commission (PUC) has approved a nearly $2 million settlement tied to an affiliate of Energy Transfer LP’s natural gas pipeline failure and fire in 2018. PUC said the 3-0 vote resolves an investigation by the Bureau of Investigation and Enforcement (I&E) conducted following the event on the affiliate Energy Transfer Co.…

Some Maine residents who rely on natural gas-fired electricity could see a nearly 90% jump in their monthly rates starting in January, according to the Maine Public Utilities Commission. “Unfortunately, sharp increases in natural gas prices are resulting in higher electricity supply costs for the coming year,” said Chairman Phillip L. Bartlett II. “The increase…

Upstream oil and gas employment in Texas climbed to 183,400 in October, representing an increase of 2,300 jobs from September and the sixth straight monthly increase, the Texas Independent Producers and Royalty Owners Association (TIPRO) recently reported. October’s jobs increase was somewhat less robust than TIPRO’s 2,900 increase for September, but the head of the…

Illinois, Michigan, Ohio and Pennsylvania will account for nearly one-half of the estimated 27.3 GW of new natural gas-fired generation capacity in the United States by the mid-2020s, according to the Energy Information Administration (EIA). In its latest Monthly Electric Generator Inventory report. EIA said there was a common thread among the four states: each…

Archaea Energy Inc., which produces renewable natural gas (RNG) from organic wastes at landfills and farms, plans to supply RNG to NW Natural subsidiary Northwest Natural Gas Co. under a 21-year agreement. “This agreement, our first with a U.S. utility, is a testament to the strength of our commercial offerings and highlights our ability to…

Northern Oil and Gas Inc. has agreed to acquire “substantially all” the nonoperated Permian Basin assets owned by affiliates of Veritas Energy LLC, including 6,000 oil-weighted net acres. The transaction for $406.5 million was announced earlier this month. “This transaction completes the strategic transformation of our business that began in 2018,” CEO Nick O’Grady said.…

Sino American Oil Co. reported Tuesday that it plans to acquire a majority stake in a North Texas oil field. The Wyoming-based company said that it would obtain a majority working interest in the Piave Oil Field, located in Throckmorton County, TX, by way of a newly signed memorandum of understanding (MOU) with Estacado Energy…

A Targa Resources Corp. unit on Thursday launched an open season to test support for natural gas liquids (NGL) pipeline transportation capacity from southern Oklahoma to the Mont Belvieu hub. Targa NGL Pipeline Co. LLC is gauging interest through Dec. 17 for capacity from a planned interconnection with upstream pipeline facilities in Oklahoma’s Stephens and…