Chris
Mathews
Hart Energy
PHX Minerals Explores Sale After Rejecting Acquisition Bids
PHX Minerals hired bankers to explore a potential merger or sale of the firm, which manages assets across the Midcontinent and Haynesville Shale play. PHX has rejected multiple unsolicited acquisition bids in the past two years.
EIA: NatGas Consumption, Led by Powergen, Set Records in 2023-’24
A spike in power generation demand is driving the U.S. to use natural gas, the Energy Information Administration reports.
US Oil, Gas Rig Count Unchanged at 589 in Week to Dec. 13, Baker Hughes Says
U.S. energy firms this week operated the same number of oil and natural gas rigs as they did last week, according to Baker Hughes' weekly report.
Tethys Oil Suspends Kunooz-1 Well in Oman
The decision to suspend its Kunooz-1 exploration well comes after flow testing failed to confirm the presence of commercially-viable hydrocarbons, Tethys said.
Shell, Chevron Take FID on Phase 3 of GoM Silvertip Frio Project
Shell Plc and Chevron Corp. are taking a final investment decision on Phase 3 of the Silvertip project in the Gulf of Mexico.
NOG Commits Up to $160MM to Appalachian Basin Joint Venture
Northern Oil and Gas has entered a joint development program with an Appalachian Basin operator, which wasn’t named, in exchange for a 15% working interest, the company said.
Kosmos in Talks to Acquire UK’s Tullow Oil in All-Stock Deal
Kosmos Energy is in early discussions to acquire U.K.-based Tullow Oil in an all-stock transaction, the companies confirmed.
Boardwalk Project Steps Up in Competitive Southeast Market
Boardwalk Pipelines' Kosciusko Junction project has reached FID as power generation and data centers’ energy demand pull natural gas to the eastern Gulf Coast.
Petrobras Awards SLB Another Contract Offshore Brazil
Petrobras has awarded JV SLB OneSubsea a contract for raw water injection systems a day after Petrobras selected SLB to handle integrated services at its offshore fields.
Shale Players Hit Sweet Spot with Higher Volumes, Lower Costs: EIA
Over the past two years, publicly traded E&Ps have generally increased production, with oil volumes in second-quarter 2024 averaging 3.9 MMbbl/d while production costs have fallen by $11/boe since 2019.