** The Biden administration is considering a ban on new public land mining claims on millions of acres of sage grouse habitat, potentially affecting future lithium mining projects. ** U.S. Sen. Kevin Cramer of North Dakota introduces a budget amendment that would prohibit the Biden administration from releasing rules or guidance to ban hydraulic fracturing. ** California regulators expect the state’s …
August 12, 2021 archive
Ascent Resources Posts Net Loss of $617 Million for 2Q 2021
Oklahoma City-based Ascent Resources Utica Holdings, LLC reported its second quarter 2021 operating and financial results and reaffirmed its 2021 guidance on Wednesday, according to a company press release. Ascent is one of the largest private producers of natural gas in the United States and is focused on acquiring, developing, producing, and operating natural gas and oil …
Nine Point Energy’s Williston Basin Assets Acquired by Bowline Energy
August has led to a flurry of activity in the U.S. energy industry. Bowline Energy LLC, a private exploration and production company, recently announced the purchase of Nine Point Energy’s Williston Basin assets. The purchase was effectuated through a Chapter 11 bankruptcy process approved by the judge on August 9, 2021. “The Williston Basin remains one of …
U.S. EIA Expects Below Average Natural Gas Inventories Prior to Winter Heating Season
In its August 2021 short-term energy outlook, the U.S. Energy Information Administration forecast U.S. inventories of natural gas will reach 3,592 billion cubic feet (Bcf) by November 1, the beginning of the winter heating season. This amount is 159 Bcf below its previous five-year average (2016–2020). Above-average withdrawals of natural gas from storage in the 2020–2021 …
U.S. Energy Information Administration Issues August 2021 Short Term Outlook
The U.S. Energy Information Administration issued its short-term energy outlook on Tuesday. The report highlights include: GLOBAL LIQUID FUELS The August 2021 short-term energy outlook remains subject to heightened levels of uncertainty related to the ongoing recovery from the COVID-19 pandemic. U.S. economic activity continues to rise after reaching multiyear lows in the second quarter …
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