U.S. Rig Count, Summit Midstream Partners: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

PRODUCTION
U.S. Oil & Gas Rig Count Declines - Baker Hughes Company (NASDAQ:BKR) (Houston, Texas) reports that the number of rigs drilling for oil and gas in the U.S. fell by five to 624 in the week ending March 22. The number of oil rigs fell by one to 509 last week, while gas rigs decreased by four to 112, their lowest level since mid-January 2022, according to the company. (Reuters)

LNG
Sixteen States Sue Federal Government Over LNG Permit Bans - Sixteen Republican-led states on Thursday filed a lawsuit to challenge the U.S. federal government's ban on approving applications to export liquefied natural gas (LNG), saying the federal government lacks the authority to broadly deny those permits. The lawsuit was filed in federal court in Lake Charles, Louisiana, by the Republican attorneys general of a coalition of states including Texas, Louisiana and Florida that claim the U.S. Department of Energy's pause on exports will harm the U.S. economy and undermine efforts to supply foreign allies in Europe with steady supplies of LNG as the region seeks to wean itself off piped gas from Russia. (Reuters)

CORPORATE
Summit Midstream to Exit Utica in MPLX Deal - Pipeline operator Summit Midstream Partners (NYSE:SMLP) (Houston, Texas) said on Friday it would sell its Utica assets to a unit of midstream company MPLX LP (NYSE:MPLX) (Findlay, Ohio) for about $625 million in cash. (Reuters)

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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).