By Tyler Losier, Energy Reporter, Oil & Gas 360 Quentin R. Hicks joins Gulfport Energy as executive vice president and CFO Gulfport Energy Corporation (stock ticker: GPOR), an independent E&P based out of Oklahoma City, has hired Quentin R. Hicks as its new executive vice president and chief financial officer, effective August 26. Hicks is being hired to replace Keri
From Reuters Canadian energy company Enbridge Inc said the section of its Texas Eastern pipeline in Kentucky that exploded on Thursday, killing one person, will remain shut through at least Aug. 12. Enbridge said in a notice to customers Monday afternoon it is working with federal and state officials investigating the incident and has not estimated when the damaged section
By Tyler Losier, Energy Reporter, Oil & Gas 360 Acquisition of Lineal Star completed in an all-stock transaction Camber Energy (stock ticker: CEI), an independent E&P with a new focus on adding midstream, downstream and field service activities, closed its previously announced acquisition of Lineal Star Holdings on Monday through an all-stock transaction by entry into an agreement and plan
CEOs rank Texas at the top, California at the bottom Chief Executive magazine has published its newest list of the best and worst states for business. Texas ranked Number One—again. California is Number 50—again. In the executive summary of its findings, the magazine quoted a consultant as saying: ” ‘the Chief Executive ranking … reflects what decision-makers are saying. And it’s what
Natural gas liquids production in the Marcellus and Utica formations expected to nearly double in Ohio, Pennsylvania and West Virginia, drawing petrochemical expansion According to a new study from IHS Markit, the Marcellus and Utica shale formations’ production will increase exponentially in the next two decades, driving petrochemical growth in the region. Natural gas from the tri-state region of Ohio,
EQT Corporation (ticker: EQT) reported a net loss of income attributable to EQT of $1,586 million, or $(5.99) per diluted earnings per share. The net loss attributable to EQT for the first quarter of 2018 was impacted by an impairment charge of $2.3 billion associated with the Huron and Permian Plays, increases in other operating costs, lower gains on derivatives
“The shale industry is hiring local workforce—that’s going to keep the money in the community…” Building pipelines to support the shale industry has contributed over one million working hours so far in 2015 for laborers in Ohio, according to the Laborer’s International Union of North America (LiUNA) in Ohio. The industry group expects that pipeline construction will constitute three million
A judge in Broadview Heights, Ohio, rules that oil and natural gas firms can drill new wells in the area Cuyahoga County Common Pleas Judge Michael Astrab ruled that Bass Energy Co. Inc. and Ohio Valley Energy – and other oil and gas companies – can drill new wells in Broadview Heights, according to the Northeast Ohio Media Group. The
The Ohio Department of Natural Resources reported over a 200% increase in oil production, and more than a 350% increase in natural gas production, from 2013 to 2014. The Ohio Department of Natural Resources (ODNR) last week released fourth quarter production numbers for oil and gas, showing strong production growth in the state. In the fourth quarter of 2014, the
The Ohio Supreme Court rules that regulating oil and gas drilling is up to the state, not local authorities In a 4-3 decision with three written dissents, the Ohio Supreme Court has decided that certain local zoning laws aimed at limiting hydraulic fracturing cannot be used to circumvent state’s authority over oil and gas drilling. The court said that the
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