Morgan Evans

Equitrans Midstream Corp.’s (EQM) long-delayed Mountain Valley Pipeline (MVP) may gain some necessary permits within the next few months, “which will allow us then to bring MVP into service in 2023,” said CEO Thomas Karam.  EQM is expecting the biological opinion from the U.S. Fish and Wildlife Service by next Tuesday, “and based on the…

FERC last week approved new reliability standards to enhance grid reliability during extreme weather events such as Winter Storm Uri in February 2021.  Two years after Uri’s rampage across the U.S. South, during which hundreds died from hypothermia following blackouts that affected millions, the Federal Energy Regulatory Commission implemented enhanced cold weather preparedness plans, generator…

Comstock Resources Inc. spent 2022 shoring up its western Haynesville acreage that could provide “a lot of potential” in the independent’s long-term strategy to supply a surge LNG growth on the Gulf Coast, said CEO Jay Allison. Looking to the liquefied natural gas buildout, “it’s going to run its course,” he said during the fourth…

Talos Energy Inc. has completed its merger with EnVen Energy Corp., expanding its Gulf of Mexico (GOM) footprint and positioning the independent to advance the growing carbon capture and sequestration (CCS) business.  After completing the sale, Talos reported it had an outstanding market capitalization of about $2.5 billion and more than 126 million shares of…

As natural gas prices swing lower from 2022 highs, Haynesville Shale-focused Comstock Resources Inc. said it is dropping two of nine operated natural gas drilling rigs. After a strong third quarter bolstered by high natural gas prices, the Frisco, TX-based independent has taken note as “natural gas prices have fallen over 70% since September,” said…

Once the third largest spender on natural gas, electricity generators now account for 31% and take on the biggest share of natural gas expenditures, according to a recent report from the U.S. Energy Information Administration (EIA).  The sector, already the dominant natural gas consumer, rose to the top of spending in 2021, when natural gas…

The Golden State could have its first regional direct air capture (DAC) hub in the coming years after California Resources Corp. (CRC) subsidiary Carbon TerraVault Holdings LLC (CTV) said it would pursue federal funding. The carbon management business of the state’s largest independent oil and gas producer unveiled plans to work with 35 partners from…

Gov. Tim Walz of Minnesota’s Democratic-Farmer-Labor Party has signed into law clean energy goals that target a carbon-free electricity grid by 2040.  State House File 7 (HF7) amended Minnesota’s Renewable Energy Standard statute. It added a target for electric utilities, generation and transmission cooperatives, and municipal power agencies to generate or procure by 2035 at…

Natural gas price surges in the region this winter have led the California Public Utilities Commission (CPUC) to order utilities to issue customers’ annual California Climate Credit (CCC) early. Since the passage of California’s Assembly Bill 26, aka the Global Warming Solutions Act of 2006, most residents receive a CCC on natural gas bills in…