The Latest

EOG: Utica Oil Can ‘Compete with the Best Plays in America’

Oil per lateral foot in the Utica is as good as top Permian wells, EOG Resources told analysts May 3 as the company is taking the play to three-mile laterals and longer.

TC Energy Preparing for Natural Gas Demand Surge

TC Energy executives expect data centers in Wisconsin and Virginia to drive as much as 8 Bcf/d of natural gas demand for power generation.

Targa Expects Another Major Permian Pipeline Project This Year

Targa Resources says different projects are falling in place for gas capacity expansion

Pemex Reports Lower 2Q Production, Net Income

Mexico’s Pemex reported both lower oil and gas production and a 91% drop in net income in first-quarter 2024, but the company also reduced its total debt to $101.5 billion, executives said during an earnings webcast with analysts.

Analyst Questions Kimmeridge’s Character, Ben Dell Responds

The analyst said that “they don’t seem to be particularly good actors.” Ben Dell, Kimmeridge Energy Partners managing partner, told Hart Energy that “our reputation is unparalleled.”

Chesapeake Stockpiles DUCs as Doubts Creep in Over Southwestern Deal

Chesapeake Energy is stockpiling DUCs until demand returns through growth from LNG exports, power generation and industrial activity.

Tellurian Reports Driftwood LNG Progress Amid Low NatGas Production

Tellurian’s Driftwood LNG received an extension through 2029 with authorization from the Federal Energy Regulatory Commission and the U.S. Army Corps of Engineers.

Stice: Diamondback’s Small Company Culture Suits Big M&A Appetite

Diamondback Energy CEO Travis Stice tells analysts that the company’s nimble nature is among its top qualities, allowing for rapid growth and the successful integration of Endeavor Energy this year.

Enterprise Targets FID for SPOT Project by End of 2024

Enterprise Products Partners’ co-CEO disputed capex figures reported in the media regarding its Sea Port Oil Export Terminal.

Gulfport Plans Liquids-rich Program After ‘Strong’ Ohio Oil Tests

Appalachia gas producer Gulfport Energy continues to report “strong oil production” from a two-well Hendershot pad drilled in eastern Ohio last year. Gulfport plans to develop additional liquids-rich opportunities this year as natural gas prices hover near record lows.