Latest From Hart Energy
Energy Transfer Requests More Time to Build Lake Charles LNG Plant
Lake Charles LNG project was impacted by the Biden administration's refusal to grant an extension to Energy Transfer's license to export to countries other than those that have free trade agreements with the U.S.
Completions, Business, Power Generation/Powergen, Machine Learning, DUG Haynesville, Hart Energy Exclusive
Exclusive: Halliburton's E-Fleets Lower Haynesville Completions Costs
Halliburton’s Neil Modeland, senior business technology development manager, shares insight into the company’s electrification services and efforts to minimize associated completions costs in the Haynesville Shale, in this Hart Energy Exclusive interview.
E&P Highlights: April 14, 2025
Here’s a roundup of the latest E&P headlines, from CNOOC’s latest production startup to an exploration well in Australia.
Evolution Petroleum Closes Non-Op ‘TexMex’ Deal
Evolution Petroleum Corp. closed on its previously announced acquisition of non-operated oil and natural gas assets in New Mexico, Texas and Louisiana at a lower PV-10 than when the deal was first announced.
E&Ps IP’ing 76%-Plus Oil from New Irion County Wells in Midland Basin
Drillers in Irion County are stepping up the pace this year, D&C’ing already as many wells as were brought online in all of 2024. The county has a “bad reputation” for being gassy but is showing up with 76%-plus oil wells.
NextDecade, TotalEnergies Enter 20-Year Supply Deal for Rio Grande LNG
TotalEnergies Gas & Power North America will purchase 1.5 million tons per annum of LNG from Rio Grande’s Train 4, which has yet to reach FID.
Former LM Energy Team Creates Mora Energy, Backed by NGP and Old Ironsides
The management team of newly formed Mora Energy is starting with more than $250 million in equity commitments to pursue new energy infrastructure opportunities.
South Bow Cleared to Restart Keystone Following North Dakota Oil Spill
Canada’s South Bow is expected to restart flows on the Keystone Pipeline as soon as weather permits.
Williams Cos. Targets Lewis Shale After $307MM Green River JV Buyout
Williams Cos., known as a midstream company, is landing laterals in the oily Lewis Shale after completing a $307 million buyout from a joint venture partner in Wyoming’s Wamsutter Field last year.
APA Updates Leadership, Names Ben Rodgers as EVP, CFO
APA Corp. is making several leadership changes, including appointing Khalda Petroleum board director Ben Rodgers as executive vice president and CFO.
ArcLight Acquires NatGas Asset Kleen Energy Systems
ArcLight Capital Partners is acquiring Kleen Energy Systems LLC, a natural gas-fired power generation asset in New England, from Osaka Gas USA Corp. and Kyuden International Americas Inc.
What's Affecting Oil Prices This Week? (April 14, 2025)
Stratas Advisors expect that oil prices will trend upward, in part, because the Trump Administration recently announced exemptions to tariffs for some electronic goods from China.
BP Makes Gulf of Mexico Oil Discovery Near Louisiana
The "Gulf of America business is central to bp’s strategy,” and the company wants to build production capacity to more than 400,000 boe/d by the end of the decade.
Chicken or the Egg? Policy and Tech Needed to Enable Hydrogen Market
Hydrogen project developers ask themselves the famous ‘chicken or the egg’ conundrum as they lean on policy, incentives and technology to bridge cost gaps.
Nabors, Corva Expand Alliance to Boost AI-Driven Innovation at Rig Sites
Nabors Drilling Technologies and Corva AI will use the RigCloud platform to provide real-time insights to crews directly at drilling sites, the companies said.
USD Completes Final Asset Sale of Hardisty Terminal
USD Partners was obligated to sell the Hardisty Terminal, in Alberta, Canada, after entering a forbearance agreement with its lenders on June 21 2024.
E&Ps Posting Big Dean Wells at Midland’s Martin-Howard Border
Diamondback Energy, SM Energy and Occidental Petroleum are adding Dean laterals to multi-well developments south of the Dean play’s hotspot in southern Dawson County, according to Texas Railroad Commission data.
FTC May Reconsider Hess, Sheffield Bans on Holding Board Seats
The Federal Trade Commission has announced it is seeking comment on potentially rescinding bans on Pioneer Natural Resources’ Scott Sheffield and Hess Corp.’s John Hess from serving on the boards of companies that acquired their E&Ps.
Bernstein: Wells with IPs of 1,000 boe/d the ‘New Norm’
The share of 1,000 boe/d producers in the overall population of wells drilled in 2024 rose to 46% year-over-year; 2025 could be the year a majority of wells hit the “thousand club” threshold, Bernstein reports.
BP Forecasts Dip in First-Quarter Upstream Production
BP anticipates a quarter-over-quarter decline in upstream production when it reports earnings later this month.
ADNOC Explores $9B Acquisition of Aethon’s Haynesville Assets—Report
Abu Dhabi National Oil Co. (ADNOC) is evaluating an acquisition of natural gas assets from Aethon Energy Management valued at around $9 billion, Bloomberg reported April 11.
USEDC’s Plans for $1B in Capex, M&A on Track as Oil Prices Stumble
Volatility won’t affect Permian Basin-focused U.S. Energy Development Corp.’s day-to-day operations or its plans for deals, CEO Jordan Jayson told Hart Energy.
Energy Transition in Motion (Week of April 11, 2025)
Here is a look at some of this week’s renewable energy news.
On The Market This Week (April 7, 2025)
Here is a roundup of marketed oil and gas leaseholds in the Permian, Uinta, Haynesville and Niobrara from select E&Ps for the week of April 7, 2025.
US Oil Rig Count Falls by Most in a Week Since June 2023
The oil and gas rig count fell by seven to 583 in the week to April 11. Baker Hughes said this week's decline puts the total rig count down 34 rigs, or 6% below this time last year.
2025 Hamm Summit Goal: Make US NatGas ‘Hero’ for Powergen
Stepping up power for data centers “is a phenomenal opportunity here that our industry has to take advantage of. We have to get this right,” the Hamm Institute for American Energy’s executive director Ann Bluntzer Pullin said.
Shale Plays, Natural Gas, Liquefied Natural Gas (LNG), Acquisitions & Divestitures, Pipelines, Policy & Regulations, DUG Haynesville, Hart Energy Exclusive
Exclusive: Kimmeridge's Lawler Avid for Eagle Ford's Dry Gas Window
Kimmeridge Texas Gas CEO David Lawler discusses the company's approach to doubling gas production to 1 Bcf/d and pending regulatory project approvals, in this Hart Energy Exclusive interview.
Trio Petroleum Deal Marks Entry into Canada’s Heavy Oil Region
California’s Trio Petroleum will acquire producing wells in the Lloydminster, Saskatchewan heavy oil region in a deal valued at roughly $1.38 million.
Kimmeridge’s Ben Dell: International Investors Return to US Shale Gas
Fresh off announcing a deal with UAE’s Mubadala Energy, Kimmeridge’s Ben Dell phoned Hart Energy from Abu Dhabi to discuss returning international interest in U.S. natural gas.
Prairie Operating Hedged D-J Production Ahead of Market Downturn
Approximately 85% of Prairie’s remaining 2025 daily production is locked in at $68.27/bbl WTI and $4.28/MMBtu Henry Hub as part of a strategic hedging program, the company said.