Latest From Hart Energy
Dividends Declared Week of Feb. 24
As 2024 year-end earnings wrap up, here is a compilation of dividends declared from select upstream and midstream companies.
KNOT Offshore Partners Conducts Shuttle Tanker Asset Swap
KNOT Offshore Partners LP subsidiary KNOT Shuttle Tanker AS is trading shuttle tanker assets with Knutsen NYK Offshore Tankers AS, the company said Feb. 27.
New Era Helium Signs NatGas Deal to Supply Permian Data Center Campus
The AI data center project will be developed on 200 acres of land the Texas Critical Data Centers joint venture will be acquiring. The project is expected to be online by the end of 2026.
Federal Government Takes Over Regulatory Control of Missouri’s NatGas Pipelines
The state of Missouri and federal government are at odds over the amount charged for pipeline violation fines.
Shale Plays, Natural Gas, Trade, NAPE, DUG Haynesville, A&D Strategies and Opportunities, Liquefied Natural Gas (LNG), Artificial Intelligence
Operators Look to the Haynesville on Forecasts for Another 30 Bcf/d in NatGas Demand
Futures are up, but extra Haynesville Bcfs are being kept in the ground for now, while operators wait to see the Henry Hub prices. A more than $3.50 strip is required, and as much as $5 is preferred.
NextDecade Plans 3 More Trains at Rio Grande LNG
Houston-based NextDecade continues to build the Rio Grande LNG Center in Brownsville, Texas, as its permits filed with the Federal Energy Regulatory Commission continue to go through the legal process.
EOG Resources to Begin Persian Gulf Wildcatting Onshore Bahrain
Multi-decade U.S. shale producer EOG Resources said it is confident the tight-gas resource is there and first gas will come online beginning in 2026.
Energy Transition in Motion (Week of Feb. 28, 2025)
Here is a look at some of this week’s renewable energy news, including SMT Energy securing funding for a battery energy storage facility in Houston.
US Drillers Add Oil, Gas Rigs for Fifth Week in a Row
The oil and gas rig count rose by one to 593 in the week to February 28, its highest since June.
Queen’s Chess: Changing the Rules
There’s a popular response to the inexplicable: “I don’t know. I don’t make the rules.” But what is known with certainty, as shown throughout history, is that we can change them.
Congress Kills Biden Era Methane Fee on Oil, Gas Producers
The methane fee was mandated by the 2022 Inflation Reduction Act, which directed the EPA to set a charge on methane emissions for facilities that emit more than 25,000 tons per year of CO2e.
MPLX Acquires Remaining Interest in BANGL for $715MM
MPLX LP has agreed to acquire the remaining 55% interest in BANGL LLC for $715 million from WhiteWater and Diamondback.
Geothermal Player Ormat Adds Capacity as Power Demand Rises
Ormat aims to grow its installed capacity to between 2.6 and 2.8 gigawatts by the end of 2028, CEO says.
Chord Drills First 4-Mile Bakken Well, Eyes Non-Op Marcellus Sale
Chord Energy drilled and completed its first 4-mile Bakken well and plans to drill more this year. Chord is also considering a sale of non-op Marcellus interests in northeast Pennsylvania.
Diversified Closes Summit Natural Resources Deal for $42MM
Diversified Energy Co. Plc closed its deal with Summit Natural Resources to buy operated natural gas assets and midstream infrastructure for approximately $42 million, the company said Feb. 27.
Vår Energi Makes Third Oil Discovery in Barents Sea
Vår Energi has discovered a third offshore oil reserve in the Goliat area of the Norwegian Continental Shelf as part of an exploratory collaboration with Equinor.
Q&A: Patterson’s OFS Perspective on the Shale Boom, Pandemic and Current Upswing
Former Basic Energy Services CEO Roe Patterson details his perspective on the shale boom and the lessons learned to get back to the current upswing in the industry.
Opal Fuels to Develop Four New RNG Facilities
The output from Opal Fuels' new RNG facilities, once fully operational, will be about 20 million gasoline gallon equivalents per year.
Eni, PETRONAS Form Gas Development JV in Indonesia, Malaysia
Eni and PETRONAS believe the joint venture will lead to synergies that create a leading LNG player in the region.
CarbonQuest Lands $20MM Funding for Carbon Capture Projects
The new funding is aimed at helping CarbonQuest achieve the lowest cost per ton in the carbon capture industry and improve system efficiency for North American customers.
EIA Reports Big NatGas Withdrawal, as Expected
According to the EIA’s weekly storage report, natural gas levels are 238 Bcf below the five-year average and 561 Bcf below the level from the same time last year.
Q&A: OFS Private Equity Firm Founder Patterson Talks Strategy Amid Trump, Upstream M&A
Roe Patterson sees a bright future for oil and gas and his new private equity firm, Marauder Capital, after lessons learned.
TotalEnergies Starts Biomethane Unit in Normandy
The project, called BioNorrois, utilizes beet pulp from French sugar group Cristal Union’s adjacent production site.
2025 Pinnacle Award: Christine Ehlig-Economides is a Pioneer in the Field and Classroom
University of Houston petroleum engineering professor Christine Ehlig-Economides has left an indelible mark on the industry and blazed a trail for women.
Range Secures Appalachian Takeaway to Capitalize on Higher NatGas Prices
Appalachian pure-play Range Resources expects strong demand in the second half of the decade and is taking the necessary steps to capitalize on higher natural gas prices.
Shale Plays, Natural Gas, Liquefied Natural Gas (LNG), Power Generation/Powergen, Drilling, Completions
Coterra to Rig Back up in Marcellus to Arrest Decline
“This increase in activity is from zero to ‘some’ activity. I wouldn't characterize this as ‘leaning into’ a gas market,” Shane Young, Coterra Energy’s CFO, told investors.
IOG Resources II Buys Non-Op Utica Shale Interests
IOG Resources II is expanding in Appalachia with an acquisition of Utica working interests in eastern Ohio.
Western Midstream to Build Permian Produced Water Pipeline
Western Midstream is investing up to $450 million to expand its produced water infrastructure, including the Pathfinder pipeline to transport produced water to disposal facilities in the Delaware Basin.
Trump Axes Chevron's Venezuela Oil License, Citing Lack of Electoral Reforms
U.S. President Donald Trump on Feb. 26 said he was reversing a license given to Chevron to operate in Venezuela.
BKV Positions Itself to Meet Growing Power, CCS Demand
Electricity needs across the U.S. are expected to soar as industrial and manufacturing facilities, data centers and other consumers crave more power. BKV is exploring ways to bridge the gap between demand and energy supply.