Insights

Producers Midstream Launches Binding Open Season for Firm Transportation Service on Palo Duro Pipeline

DETAILS

- Producers Midstream II, LLC has launched a binding Open Season for firm transportation service on its Palo Duro Pipeline project. - The pipeline will connect Waha residue markets in the Permian Basin with the Mid-Continent residue markets in the Anadarko Basin. - This infrastructure aims to meet the growing demand for natural gas across various sectors including industrial and AI-related applications. - Matt Flory, CEO of Producers Midstream, emphasized the pipeline's role in providing an additional outlet for constrained Permian gas and supporting emerging energy solutions. - The pipeline will start in Nolan County, Texas, and connect with multiple interstate pipelines, allowing flexible access to various markets. - Interested parties can secure long-term firm transportation rights during the Open Season from June 30, 2025, to July 14, 2025. - The PD Pipeline will utilize existing infrastructure rather than constructing new facilities, converting an existing 16-inch intrastate pipeline to interstate service. - The project is on track for a first quarter of 2026 in-service date, contingent on FERC authorization. - Detailed information regarding the project and bidding process is available on the company's website. - Producers Midstream aims to maximize the value of its customers' operations by creating reliable midstream systems. - Tailwater Capital, the parent company of Producers Midstream, is an energy-focused private equity firm with a strong track record in infrastructure development.

COMPANIES

Producers Midstream, Tailwater Capital, NNG, Transwestern, NGPL, ANR, PEPL, EGT, Southern Star

TAGS

oil and gas

EQT Releases 2024 ESG Report, "Promises Made, Promises Delivered"

DETAILS

- EQT Corporation published its 2024 Environmental, Social and Governance Report titled "Promises Made, Promises Delivered." - The company achieved a significant milestone as the world's first large-scale traditional energy producer to reach net zero Scope 1 and 2 greenhouse gas emissions. - CEO Toby Z. Rice emphasized the company's commitment to transforming EQT and delivering reliable and cleaner energy. - The 2024 ESG report highlights a 67% reduction in Scope 1 GHG emissions since 2018, exceeding the 2025 goal. - EQT improved water stewardship by increasing produced water recycling rates from 81% in 2019 to 96% in 2024. - The company's methane emissions intensity reached 0.0070%, surpassing its 2025 goal of 0.02%. - EQT received recognition for site reclamation efforts from the West Virginia Department of Environmental Protection in 2023. - The company launched a nature-based carbon sequestration project across over 400,000 acres in partnership with the West Virginia Division of Natural Resources. - EQT was awarded a "Gold Standard" rating for methane reduction efforts from the United Nations' Oil & Gas Methane Partnership. - The Appalachian Methane Initiative expanded its monitoring network using over 15,000 aerial surveys to measure emissions. - In 2024, EQT generated approximately $4 billion of gross domestic product and paid over $665 million in royalties to local landowners. - The company supported around 20,764 ancillary jobs and invested nearly $70 million in local community initiatives. - EQT employees volunteered over 19,000 hours in local communities in 2024. - The company received the National Top Workplace award for the fourth consecutive year. - ESG-related performance metrics were incorporated into EQT's executive compensation programs, emphasizing environmental and safety goals. - For 2024, 20% of Short-Term Incentive Plan funding was linked to environmental, health, and safety performance. - EQT utilized proprietary digital tools to analyze around 400 ESG metrics for performance enhancement. - Half of EQT's board of directors is racially, ethnically, or gender diverse, reflecting the company's commitment to governance. - EQT maintained a "AA" ESG Rating from MSCI in 2024 and actively engaged in international climate discussions as a member of the Oil and Gas Decarbonization Charter.

COMPANIES

EQT Corporation, West Virginia Department of Environmental Protection, West Virginia Division of Natural Resources, United Nations' Oil & Gas Methane Partnership, MSCI, World Economic Forum, Equitrans Midstream Corporation

TAGS

ESG

SS-2H ST1 Delivers Record Beetaloo Basin IP30 Flow Rate of 7.2 MMcf/d, In-Line With Average IP30 Rate From Marcellus Dry Gas Area

DETAILS

- The Shenandoah South 2H sidetrack well achieved a record average 30-day initial production flow rate of 7.2 million cubic feet per day in the Beetaloo Basin. - The flow rate of 13.2 million cubic feet per day over a 10,000-foot horizontal section aligns with the average from over 11,000 wells in the Marcellus Shale dry gas area. - Results indicate the potential for commercial gas delivery from the Mid Velkerri B Shale to the Australian East Coast market, where prices typically exceed those at Henry Hub. - The exit rate trajectory remains steady with a low decline curve at 6.7 million cubic feet per day and a flowing wellhead pressure of approximately 910 psi. - A drilling campaign is set to start in the second half of 2025, targeting three horizontal wells from the Shinandoah South 2 well pad. - The five wells on the pad will connect to the Sturt Plateau Compression Facility to support a gas sales agreement with the Northern Territory Government. - Production is slated to begin in mid-2026, pending approval from regulatory bodies and favorable weather. - CEO Joel Riddle plans a webcast with analysts to discuss the well's performance. - The SS-2H ST1 well achieved its average flow rate following a 35-stage stimulation program across a lateral section of 5,483 feet. - During testing, gas rates decreased from 10.4 million cubic feet per day to 6.6 million cubic feet per day, with total production of 217.2 million cubic feet. - The 2025 drilling program will include three additional wells, each featuring a horizontal section of 10,000 feet and up to 60 stimulation stages. - Completion of the SS-3H well is expected by the end of 2025, with the remaining wells completed during the first half of 2026. - The production volume from the planned wells aims to fulfill the 40 million cubic feet per day obligation under the gas sales agreement. - Falcon Oil & Gas Australia Limited will not participate in the upcoming drilling program, and costs will be shared by Tamboran and Daly Waters Energy. - Tamboran Resources Corporation is one of the largest holders in the Beetaloo Sub-basin with approximately 1.9 million net prospective acres. - The company also operates a project in Darwin for a potential NTLNG development.

COMPANIES

Tamboran Resources Corporation, Falcon Oil & Gas Australia Limited, Daly Waters Energy, LP, Bechtel Corporation

TAGS

oil and gas

SS-2H ST1 Delivers Record Beetaloo Basin IP30 Flow Rate of 7.2 MMcf/d, In-Line With Average IP30 Rate From Marcellus Dry Gas Area

DETAILS

- The Shenandoah South 2H sidetrack well achieved a Beetaloo Basin record average 30-day initial production flow rate of 7.2 million cubic feet per day over a 5,483-foot section with 35 stages stimulated. - The flow rate of 13.2 million cubic feet per day over a 10,000-foot horizontal section aligns with the average of over 11,000 wells in the Marcellus Shale dry gas area. - This results affirm Tamboran’s view of commercial gas deliverability from the Mid Velkerri B Shale to the East Coast gas market which typically sells at a premium. - The exit rate trajectory indicates a low-declining curve maintaining an average of 6.7 million cubic feet per day with a flowing wellhead pressure of approximately 910 psi. - Tamboran plans to commence a new drilling campaign in the second half of 2025 targeting up to three horizontal wells from the SS2 well pad, pending joint venture approval. - These five wells on the SS2 pad are set to be connected to the Sturt Plateau Compression Facility to fulfill a 40 million cubic feet per day Gas Sales Agreement. - Production is on track to begin in mid-2026, subject to standard regulatory and stakeholder approvals and weather conditions. - The Managing Director, Joel Riddle, announced a webcast with analysts on June 16, 2025, to discuss these results. - The SS-2H ST1 well demonstrated a material increase in flow rate from a longer horizontal section compared to the SS-1H well. - The results indicate potential commercial productivity of the shale formation in the Australian East Coast gas market under long-term contracts. - The well maintained steady flow performance and low decline rates following the 30-day testing period. - The gas rate declined from 10.4 million cubic feet per day to 6.6 million cubic feet per day during the testing with a cumulative production of 217.2 million cubic feet. - The choke size used varied during testing, affecting flow rates and wellhead pressures which decreased significantly over the production period. - Tamboran aims to incorporate lessons from initial wells into the design of future drilling to enhance operational efficiency. - The planned 2025 Shenandoah South drilling program where three additional wells will be drilled is subject to joint venture approval. - Falcon Oil & Gas opted not to participate in the 2025 drilling program, leading to a shared funding approach between Tamboran and Daly Waters Energy. - Tamboran holds substantial acreage across the Beetaloo Basin with various operating interests in multiple proposed project areas. - The company is also developing land at the Middle Arm Sustainable Development Precinct for its proposed NTLNG project. - Tamboran makes no guarantees regarding forward-looking statements in the report, highlighting uncertainties in future performance. - Risks include reliance on drilling success, financing, regulatory approvals, and community acceptance among others.

COMPANIES

Tamboran Resources Corporation, Falcon Oil & Gas Australia Limited, Daly Waters Energy, LP, Bechtel Corporation

TAGS

oil and gas

Amazon plans to invest $20 billion in Pennsylvania to expand cloud computing infrastructure and advance AI innovation

DETAILS

- Amazon plans to invest at least $20 billion in Pennsylvania to expand its AI infrastructure and create 1,250 new high-skilled jobs. - The investment will support thousands more jobs in the AWS data center supply chain. - Since 2010, Amazon has invested $26 billion in Pennsylvania, contributing more than $26 billion to the state's GDP and supporting 27,000 jobs. - Amazon will implement training and education programs for local communities, including data center technician programs and STEM awareness initiatives. - The Amazon Northeastern Pennsylvania Community Fund will offer $250,000 in grants for STEM education, sustainability, digital skills, and community projects. - Salem Township and Falls Township are identified as initial sites for new innovation campuses, with additional communities under consideration. - The expansion will include roles such as data center engineers, network specialists, and other technical positions. - This investment is part of Amazon's strategy to advance AI and cloud infrastructure, supporting various industries in harnessing AI solutions. - Pennsylvania Governor Josh Shapiro emphasized the historic nature of this private sector investment in the state. - Amazon re:Cycle Reverse Logistics has repurposed an industrial building in Greencastle to create jobs focused on the reuse and refurbishment of electronic equipment. - Amazon's commitment includes developing partnerships with educational institutions to prepare job seekers for careers in data center management and operations. - Various skill training programs will be offered, including the Amazon Community Workforce Accelerator and fiber optic technician workshops. - Additional STEM education initiatives will be launched to enhance workforce development in K-12 schools. - Amazon Future Engineer Scholarships will support Pennsylvania high school seniors pursuing degrees in computer science or engineering. - The company's initiatives aim to empower local communities through job creation, educational support, and sustainability efforts. - The Amazon Northeastern Pennsylvania Community Fund will be open to local organizations for grants supporting community projects. - Amazon seeks to make a positive impact in Pennsylvania through job creation, educational partnerships, and community reinvestment. - The company aims to position Pennsylvania as a leader in the digital economy by growing its presence and advancing cloud technologies.

COMPANIES

Amazon, University of Pittsburgh

TAGS

ESG

Amazon plans to invest $20 billion in Pennsylvania to expand cloud computing infrastructure and advance AI innovation

DETAILS

- Amazon plans to invest at least $20 billion in Pennsylvania to expand its AI infrastructure, creating 1,250 new high-skilled jobs and supporting thousands more in the AWS data center supply chain. - Amazon has invested $26 billion in Pennsylvania since 2010, contributing over $26 billion to the state's GDP and supporting 27,000 full and part-time jobs as well as 37,100 indirect jobs. - The investment will include training and education programs for local communities, such as data center technician programs and STEM awareness initiatives for K-12 schools. - Amazon is launching the Amazon Northeastern Pennsylvania Community Fund with a $250,000 commitment for grants up to $10,000 to support STEM education and digital skills. - Salem Township and Falls Township are the first identified sites for the new innovation campuses, with additional communities under consideration. - The new high-skilled jobs will include roles such as data center engineers, network specialists, and security specialists. - Amazon's investment is intended to help maintain America's leadership in AI and support various industries in adopting AI-driven solutions. - Pennsylvania Governor Josh Shapiro emphasized the significance of the investment, labeling it the largest private sector investment in the state's history, which will create thousands of stable jobs. - Amazon's chief global affairs officer stated that the investment reinforces their dedication to advancing AI innovation and creating economic opportunities in Pennsylvania. - The investment will enhance Amazon’s operations in Pennsylvania, which already includes numerous fulfillment centers and delivery stations. - Amazon re:Cycle Reverse Logistics has transformed an industrial building into a facility for safely reusing and refurbishing electronic equipment. - Training programs will prepare job seekers for careers in data center construction and operations and will include various hands-on learning initiatives partnered with educational institutions. - New support programs will focus on STEM education for middle and elementary school students through industry-designed curricular experiences. - The Amazon Future Engineer program awarded Pennsylvania high school seniors scholarships to support degrees in computer science or engineering. - Amazon aims to be a good neighbor by creating local jobs, generating economic growth, and supporting community initiatives. - The Amazon Northeastern Pennsylvania Community Fund will support community projects aligned with themes like education, sustainability, and health. - Amazon has already distributed $100,000 in grants through partnerships to address local needs in the region, focusing on areas like food insecurity and educational programs. - Amazon's data center locations are chosen based on strong utility infrastructure, a skilled workforce, and the potential for increased tax revenue.

COMPANIES

Amazon, AWS, University of Pittsburgh

TAGS

ESG

Amazon plans to invest $20 billion in Pennsylvania to expand cloud computing infrastructure and advance AI innovation

DETAILS

- Amazon plans to invest at least $20 billion in Pennsylvania to expand its AI infrastructure. - The investment is expected to create 1,250 new high-skilled jobs and support thousands more in the AWS data center supply chain. - Since 2010, Amazon has invested $26 billion in Pennsylvania, contributing over $26 billion to the state's GDP and supporting 27,000 direct jobs. - Amazon will provide training and education programs including data center technician programs and fiber optic fusion splicing workshops for local communities. - The Amazon Northeastern Pennsylvania Community Fund will launch with a $250,000 commitment to support STEM education, sustainability, digital skills, culture, and health initiatives. - The first identified sites for innovation campuses are in Salem Township and Falls Township, with more locations under consideration. - The investment will generate various high-skilled roles including data center engineers, network specialists, and security specialists. - Thousands of local construction jobs and additional community positions are anticipated from this investment. - Governor Josh Shapiro lauded the investment as the largest private sector investment in Pennsylvania's history. - David Zapolsky emphasized Amazon's commitment to advancing AI innovation and creating economic opportunities in Pennsylvania. - Amazon's operations in Pennsylvania already include 23 fulfillment centers and 20 last-mile delivery stations. - The company has repurposed an industrial building for the re-use and refurbishment of electronic equipment, creating hundreds of jobs. - Amazon has made significant investments in renewable energy within Pennsylvania, including solar farms. - Training programs will prepare local job seekers for careers in data center construction and operations. - Programs include the Amazon Community Workforce Accelerator, data center operations training, and pre-apprenticeship opportunities. - STEM awareness initiatives will target K-12 schools with programs that engage students in practical learning environments. - Amazon Future Engineer Scholarships are awarded to high school seniors pursuing computer science or engineering degrees. - The Amazon Northeastern Pennsylvania Community Fund will grant up to $10,000 to community projects aligning with specified themes. - The fund aims to foster sustained growth and prosperity in the community through collaboration and high-impact programs. - The company's presence in Pennsylvania will contribute to job creation, educational partnerships, and community reinvestment efforts. - Amazon continues to support local communities through grant funding for services addressing food and housing insecurity. - The goal is to positively impact Pennsylvania while advancing next-generation cloud technologies including AI.

COMPANIES

Amazon, University of Pittsburgh

TAGS

ESG

Amazon plans to invest $20 billion in Pennsylvania to expand cloud computing infrastructure and advance AI innovation

DETAILS

- Amazon plans to invest at least $20 billion in Pennsylvania to expand its AI infrastructure, creating 1,250 new high-skilled jobs and supporting thousands more in the AWS data center supply chain. - Since 2010, Amazon has invested $26 billion in Pennsylvania, contributing more than $26 billion to the Commonwealth’s GDP and supporting 27,000 full and part-time jobs, as well as 37,100 indirect jobs across various facilities. - Amazon will bring training and education programs to local communities, including data center technician programs, fiber optic fusion splicing workshops, and STEM opportunities for K-12 schools. - Amazon is launching the Amazon Northeastern Pennsylvania Community Fund with a $250,000 commitment for grants supporting STEM education, sustainability, digital skills, culture, and health initiatives. - Salem Township and Falls Township are the first communities identified for new innovation campuses with more locations under consideration. - The investment is expected to create at least 1,250 new high-skilled jobs including data center engineers, network specialists, and security specialists, while also supporting local construction jobs. - Pennsylvania Governor Josh Shapiro emphasized the historic nature of this investment, highlighting it as the largest private sector investment in the state's history. - David Zapolsky, Amazon's chief global affairs and legal officer, noted the investment's potential to advance AI innovation and economic opportunities in the state. - Amazon's operations in Pennsylvania now include 23 fulfillment and sortation centers and 20 last-mile delivery stations since they have invested over $26 billion in infrastructure and employee compensation. - Amazon re:Cycle Reverse Logistics has repurposed an industrial building into a facility that has created hundreds of jobs for refurbishing electronic equipment used in data centers. - Amazon has made significant renewable energy investments in Pennsylvania, including solar farms generating carbon-free energy. - The investment includes training programs partnered with educational institutions to prepare job seekers for careers in data center operations. - Programs such as the Amazon Community Workforce Accelerator and Fiber Optic Technician Programs are aimed at developing technical skills in local communities. - The initiative also features K-12 STEM education programs and offers scholarships to high school seniors pursuing degrees in computer science or engineering. - The Community Fund will provide up to $10,000 in grants for community projects in Luzerne and Columbia counties focusing on STEM and well-being. - Amazon committed to being good neighbors by supporting local jobs, economic growth, and unlocking opportunities for local businesses. - The fund will enhance collaboration and address regional needs through previously distributed grant funding targeting various community services. - Amazon aims to positively impact Pennsylvania through job creation, educational partnerships, sustainability initiatives, and community reinvestment in advancing cloud technologies.

COMPANIES

Amazon, AWS, University of Pittsburgh

TAGS

ESG

The latest

The archive