U.S. exploration companies have expressed uncertainty about the direction of the energy markets this year, but one thing they are sure about is natural gas-powered pressure pumping fleets, which should support “durable, multi-year” opportunities, top oilfield executives said. Halliburton Co., one of the world’s largest oilfield services (OFS) companies, and Liberty Energy Inc., the No.…
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U.S. Natural Gas Activity, Prices Likely to Climb Into 2024, Says Liberty Energy CEO
Lower natural gas prices have reduced drilling activity in the Lower 48, but expect that to change by next year as LNG export projects advance and more supply heads south of the border, Liberty Energy Inc. CEO Chris Wright said Thursday. Denver-based Liberty, one of the top hydraulic fracturing (fracking) operators in North America, second…
Liberty Energy’s Wright Sees Long Oil, Natural Gas Future as ‘Energy Transition Is Not Happening’
Liberty Energy Inc. CEO Chris Wright made no bones about prognosticators calling for the demise of oil and natural gas on Monday. “The energy transition is not happening,” he said in Denver. “This drumbeat is crazy.” Wright, speaking at the LDC Gas Forum Rockies & West, said demand for fossil fuels is robust and poised…
Wave Goodbye to Fracking in 2020 as Coronavirus Devours Demand, Says Liberty Oilfield
Denver-based Liberty Oilfield Services Inc. is expecting to see “very little” completions activity through the rest of the year across North America as Covid-19 continues to consume energy demand.
Liberty Oilfield Says U.S. E&Ps Slowing Annual Activity Earlier than Usual
Denver-based Liberty Oilfield Services Inc., which provides completions services across North America’s onshore, saw headwinds begin to strengthen midway through the third quarter, with the usual year-end slowdown by customers beginning earlier than usual.
Liberty Utilities’ Proposal Would Pipe NatGas to Central New Hampshire
Liberty Utilities, an affiliate of Algonquin Power and Utilities Corp., is proposing a new pipeline that would carry natural gas from an interconnect in southeast New Hampshire to the state’s central area.
Pennsylvania Breaks Ground for 829 MW Marcellus Power Plant
Dallas-based private equity firm Panda Power Funds LP said on Thursday it had officially broken ground on one of Pennsylvania’s first power plants to be fired with natural gas from the Marcellus Shale.
Liberty Buys 53,000 Bakken Acres in North Dakota
Starting the year flush with a $350 million commitment from its backers at Riverstone Holdings LLC, Denver-based Liberty Resources II and a few other private backers on Thursday entered an agreement to buy 53,000 net acres in four counties in the Williston Basin, according to both companies. The purchase price was $455 million.
Pennsylvania Governor Appeals Act 13 Ruling to State Supreme Court
Pennsylvania Gov. Tom Corbett said Friday the state has appealed to the state Supreme Court a ruling by the Commonwealth Court that struck down portions of Act 13, the state’s new omnibus Marcellus Shale law.
Pennsylvania Court: Act 13 Zoning Restrictions Unconstitutional
In a 4-3 decision on Thursday, the Pennsylvania Commonwealth Court ruled that portions of Act 13, the state’s new omnibus Marcellus Shale law, were “unconstitutional, null and void” on the grounds that its limits on local zoning violate municipalities’ right to substantive due process.