This is your Hart Energy A&D Minute with Jordan Soto and powered by Hart Energy's Gulf of Mexico Energy Transformation Conference.
Crescent Point Energy has officially plowed $1 billion into the Duvernay Formation. After signing its third deal since 2021, Tudor, Pickering, Holt & Co. analyst Matt Murphy said the Canadian company’s newest bolt-on locks in “north of 20 years” of inventory, along with pipelines and other goodies. Check it out here.
Some big names are teaming up to explore geothermal power from abandoned oil and gas wells. Baker Hughes, Chesapeake, Continental Resources and INPEX announced the partnership on Dec. 8. Where are they starting their efforts? Read about it here.
The Permian Basin is so hot, even coal companies want in. Alliance Resource Partners LP said in November it had closed on about 4,300 royalty acres in the Midland and Delaware basins for nearly $100 million. Check out the sellers and more here.
That’s your Hart Energy A&D Minute powered by Hart Energy's inaugural Gulf of Mexico Energy Transformation Conference on Feb. 21, 2023, in Houston.
Also, watch new A&D Minute episodes every Wednesday, and don’t forget to sign up for our A&D Watch newsletter at HartEnergy.com/newsletters/ad-watch.
Recommended Reading
EIA NatGas Storage Report Comes in at 10 Bcf Above Forecast
2024-08-22 - Most of the additional gas in storage came from the Appalachian Basin. The Midwest added 19 Bcf and the East added 12 Bcf, according to the EIA.
Oil Settles $1 Down After US Job Data Revised Significantly Lower
2024-08-21 - U.S. employers added far fewer jobs than originally reported in the year through March, the Labor Department said on Aug. 21.
US Gasoline Margins Slump on Lackluster Summer Demand
2024-08-21 - Gasoline futures were last down about 2.8% and their premium over West Texas Intermediate crude oil futures shrank to their weakest since Nov. 7, 2023.
Caliche Receives Investment from Sixth Street for Expansion of Storage Facilities
2024-08-20 - The bulk of Sixth Street’s investment is focused on Caliche’s Golden Triangle Storage project in Beaumont, Texas, and its Central Valley Gas Storage in Princeton, California.
One Killed in Offshore Natural Gas Pipeline Explosion in Louisiana
2024-08-20 - An offshore natural gas pipeline that exploded near Venice, Louisiana, on Aug. 17, killing one person, was owned by Whitney Oil and Gas, the U.S. Coast Guard said on Aug. 19.