Latest From Hart Energy
Permian Trends Continue to Point to Crude Growth
Smaller, more creative M&A deals are becoming the standard in the Permian’s Midland and Delaware basins, an Enverus analyst says.
Long-Debated Alaskan NatGas Project Comes Into Focus
Pantheon Resources steps up with proposal to bring natural gas to the southern part of the state.
Expand Energy Announces $500MM Tender Offer for 2026 Notes
Expand also issued a conditional notice of redemption for all of its outstanding 8.375% Senior Notes due 2028.
Supermajors Ramp Up Biofuel Investments, Rystad Says
Between BP, Chevron, Shell, TotalEnergies, Exxon Mobil and Eni, the projects could add 286,000 bbl/d of production capacity, Rystad analysts said.
Gulf Coast, Midwest Hydrogen Hubs Land up to $2.2B in DOE Funding
The funding, awarded by the Department of Energy, is part of up to $7 billion the U.S. allocated to establish hydrogen hubs across the country.
Coterra Takes Harkey Sand ‘Row’ Show on the Road
With success to date in Harkey sandstone overlying the Wolfcamp, the company aims to make mega-DSUs in New Mexico with the 49,000-net-acre bolt-on of adjacent sections.
National Renewable Solutions Raises $145MM for Solar, Storage Project in New Mexico
National Renewable Solutions’ Shallow Basket Project’s construction, financed by Deutsche Bank, is currently underway.
Expand Foresees Drilling U-Turns in Appalachia
As Expand Energy leans into its newly combined Chesapeake-Southwestern acreage, Tim Beard, the company’s vice president of drilling, would be “surprised” if Expand did not drill U-turn wells in the Appalachian Basin.
Exxon Mobil, LG Chem Ink Deal for Lithium Carbonate
As part of the nonbinding offtake agreement announced Nov. 20, Exxon will supply lithium from its planned project to LG Chem’s cathode plant in Clarksville, Tennessee.
Don’t Get Distracted by Emissions Politics, Energy Executives Say
Eyeing profit with a keep-it-in-the-pipe mentality, executives’ thoughts are on lowering emissions, getting premiums and producing compliance-ready molecules for the EU.
Suriname's Staatsolie Says Exxon has Withdrawn from Offshore Block
Suriname's state-run oil company Staatsolie said on Nov. 20 that U.S. oil giant Exxon Mobil has withdrawn from its offshore block 52, and block operator Petronas Suriname E&P will take over its 50% stake.
Paisie: Favorable Fundamentals Will Lift 4Q Crude Prices
China, OPEC+ and the Middle East continue to feed volatility into the oil market.
IndustryVoice: Phoenix Capital Group's Innovative Path to Success in the Williston Basin
In just five years, Phoenix Capital Group has combined technological innovation and a direct-to-investor financing approach to position itself as a leading operator in North Dakota’s Williston Basin.
Vistra to Offer Senior Notes for Equity Interest Repayment
Vistra Corp. said the proceeds from the offer will be used toward an early payout for the installment purchase of Avenue Capital Management II’s interest in Vistra Vision.
US Energy Secretary Nominee Chris Wright Champions Energy at DUG GAS
President-elect Donald Trump's energy secretary nominee Chris Wright championed energy's role in bettering human lives earlier this year on stage at Hart Energy’s DUG GAS Conference and Expo.
DT Midstream to Buy 3 Pipe Networks from ONEOK in $1.2B Deal
ONEOK plans to use the proceeds from the sale of the Guardian Pipeline, Midwestern Gas Transmission and Viking Gas Transmission to focus on other operational priorities.
Midstream, Natural Gas, Natural Gas liquids (NGL), Liquefied Natural Gas (LNG), Pipelines, Gathering & Processing, Shale Plays, DUG Appalachia, Hart Energy Exclusive
Exclusive: MPLX's Liquid Lines Support Growing NGL Exports
MPLX Executive Vice President and COO Greg Floerke delves into the company evolution in Appalachia and the increase in its liquids exports and production scale, in this Hart Energy Exclusive interview.
Executives to Fed: Power Grid the US Needs by 2030 is Nowhere in Sight
Among the energy executives looking for more electrons, Warren Buffett’s own energy provider in Omaha, Nebraska, says “we have to stop this fighting.”
Mexico Pacific’s Saguaro: LNG’s Quicker Route to Asian Markets
Mexico Pacific’s 30-mtpa Saguaro LNG terminal promises a connection to Asia for Permian Gas that avoids the Panama Canal.
NW Natural Holdings to Acquire Gas Utility SiEnergy for $425MM
Northwest Natural Holdings said the transaction should further support its long-term earnings growth outlook of 4% to 6%.
Oil Steadies as Sverdrup Field Restart Counters Geopolitical Concerns
Brent crude futures fell 0.1% and WTI crude futures gained 0.1%.
US Grid Operator Faces New Complaint Over Power Supply Auction
PJM Interconnection, the largest U.S. grid operator, is being accused of unfairly awarding high payments to power plants and pushing up electricity costs for homes and businesses.
Enverus: Haynesville Has 12.5 Years of Sub-$3 NatGas Inventory
Enverus forecasts that the time left to capitalize on the Haynesville's inventory will shorten by another two years when taking into account a boom in LNG demand.
Fugro’s Remote Capabilities Usher In New Age of Efficiency, Safety
Fugro’s remote operations center allows operators to accomplish the same tasks they’ve done on vessels while being on land.
LandBridge Expands in Southern Delaware Basin with $245MM Acquisition
LandBridge is acquiring approximately 46,000 largely contiguous surface acres in the Wolf Bone Ranch from a subsidiary of Vitol-backed VTX Energy Partners.
Exclusive: Surge Energy Seeks Midland M&A with $1.3B in Dry Powder
Surge Energy is one of the largest private oil producers in the Permian Basin. With $1.3 billion in dry powder to put to work, Surge is scouring the northern Midland Basin for M&A, executive Travis Guidry told Hart Energy.
Anaergia Scores Operations Contract at Waste-to-RNG Facility
Sevana Bioenergy's Rialto Bioenergy Solutions facility is designed to convert municipal wastewater biosolids and landfill-diverted organic waste into RNG and fertilizer.
WoodMac Sees Lighter Hand on Emissions, Departure From Paris Under Trump
Much of the Inflation Reduction Act is likely to remain in place, forecasting firm Wood Makenzie says.
E&P Highlights: Nov. 18, 2024
Here’s a roundup of the latest E&P headlines, including new discoveries in the North Sea and governmental appointments.
Carbon Removal Company Equatic Appoints New CEO
Equatic appointed a new CEO in preparation to launch the world’s largest ocean-based carbon removal plant.