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Goodrich Eyeing More Haynesville Bolt-ons as Future Natural Gas Prices Look Appetizing

The forecast for natural gas prices is giving Goodrich Petroleum Corp.’s executive team a reason to build its growing leasehold in the Haynesville Shale, executives said during a second quarter conference call. CEO Gil Goodrich was joined by President Rob Turnham to discuss the results with analysts during a recent conference call. The No. 1…

Mariner East Again Contending with Drilling Fluid Spills in Pennsylvania

The Pennsylvania Department of Environmental Protection (DEP) has responded to several reports of fluid discharges at construction sites for the Mariner East pipeline system in Chester County, including a confirmed spill at a state park. The agency said Sunoco Pipeline LP reported an inadvertent return on Monday in Marsh Creek State Park in Upper Uwchlan…

August 13, 2020

North Carolina Rejects MVP Southgate, But 2021 Start-Up Still in Sight

Striking another blow against the Appalachian takeaway Mountain Valley Pipeline LLC (MVP), a project beset by legal and regulatory challenges the last few years, the North Carolina Department of Environmental Quality (DEQ) has denied a water quality permit for MVP’s Southgate extension. The DEQ on Tuesday denied MVP’s request for state certification under Clean Water…

August 13, 2020

Permian Oil Drilling Permits Climb, while Lower 48 Natural Gas Stronger

Permits for new oil and gas wells rose 25% month/month in July, with “significant” growth in the Permian Basin, but overall activity was down by two-thirds from a year ago, according to Evercore ISI. The analyst team led by James West each month compiles federal and state permitting data, which provides a window into what…

August 13, 2020

Colorado Governor’s Opposition to Ballot Initiatives Unleashes DJ’s Full Potential, Says DCP CEO

DCP Midstream LP’s chief executive lauded Colorado Gov. Jared Polis’ ability to forge agreement among the energy industry and environmental groups, saying it “ensured political and regulatory certainty” in the state “for years to come.” CEO Wouter van Kempen of Denver-based DCP referred to a recent report from the governor in which he noted that…

August 12, 2020