Latest From Hart Energy
Diamondback Energy Closes $4.1B Double Eagle IV Acquisition
Diamondback Energy Inc. closed on its approximately $4.1 billion deal to buy EnCap Investments’ Double Eagle IV, adding approximately 40,000 net acres in the Midland Basin to its portfolio.
Exploration & Production, Shale Plays, Investment, Natural Gas, Liquefied Natural Gas (LNG), People, Drilling
SM Energy Marries Wildcatting and Analytics in the Oil Patch
As E&P SM Energy explores in Texas and Utah, Herb Vogel’s approach is far from a Hail Mary.
Waterous Raises $1B PE Fund for Canadian Oil, Gas Investments
Waterous Energy Fund (WEF) raised US$1 billion for its third fund and backed oil sands producer Greenfire Resources.
Williams Commissions Two NatGas Projects to Expand Transco Network
Midstream company Williams Cos. added to its network capacity in the southern U.S. with the commissioning of the Southeast Energy Connector and the Texas to Louisiana Energy Pathway.
CenterPoint Energy Completes NatGas Pipeline Sale to Bernhard
CenterPoint Energy Inc. has closed on a sale of natural gas distribution utilities in Louisiana and Mississippi to Bernhard Capital Partners.
WaterBridge Starts Open Season for Produced Water Pipeline
Water midstream company WaterBridge plans to develop transport capacity out of the Delaware Basin.
Ring Energy Closes Central Basin Platform M&A from Lime Rock
Ring Energy added 17,700 net acres and 2,300 boe/d of production in the Central Basin Platform through an acquisition from Lime Rock Resources IV.
Haynesville Horsepower: Rigs Needed to Crest the Coming ‘Wall of Demand’
How many drilling rigs are needed in the Haynesville Shale to meet growing natural gas demand for LNG exports? Keybanc ran the numbers.
Boaz Energy Completes Sale of PermRock Properties to T2S
Boaz Energy II has completed the sale of PermRock Royalty Trust’s underlying oil and gas properties to T2S Permian Acquisition II LLC.
Jericho to Start Data Center Business on Oklahoma Gas Assets
Canada’s Jericho Energy Ventures says it will deliver on-site natural gas to power future campuses.
Cella Mixes Two Approaches to Keep CO2 Solidly Underground
Cella, a startup in partnership with Halliburton, injects CO2 into basaltic reservoirs, where it reacts and hardens.
Shale Plays, Natural Gas, Drilling, Acquisitions & Divestitures, Hart Energy Exclusive, DUG Haynesville
‘We’re Not Going Anywhere’: Sabine CEO on Haynesville Growth, M&A Talks
Sabine Oil & Gas CEO Carl Isaac shares insight into the company’s addition of a fourth Haynesville rig and future development plans in the play, in this Hart Energy Exclusive interview.
TG Natural Resources Wins Chevron’s Haynesville Assets for $525MM
Marketed by Chevron Corp. for more than a year, the 71,000-contiguous-net-undeveloped-acreage sold to TG Natural Resources is valued by the supermajor at $1.2 billion at current Henry Hub futures.
Sempra Plans to Sell Assets, LNG Stakes to Invest in Utilities
Infrastructure company Sempra Energy is preparing for major growth coming in electrical demand by selling assets to raise capital.
GeoPark Divests Non-Core Colombia, Brazil Assets, Cuts Workforce
GeoPark is selling non-core assets and reducing its headcount, the Colombia-based oil and gas firm said March 31.
Japan's Tokyo Gas to Buy Stake in Texas Shale from Chevron
The deal estimated to be worth tens of billions of yen, the Nikkei reported on March 31.
BlackRock’s Fink Calls for Reliable US Power Grid—Now
“That starts with fixing the slow, broken permitting processes in the U.S. and Europe,” Larry Fink, the co-founder, chairman and CEO of $12 trillion investment-management firm BlackRock Inc., told shareholders March 31.
E&P Highlights: March 31, 2025
Here’s a roundup of the latest E&P headlines, from a big CNOOC discovery in the South China Sea to Shell’s development offshore Brazil.
‘Golden Age’ of NatGas Comes into Focus as Energy Market Landscape Shifts
As prices rise, M&A interest shifts to the Haynesville Shale and other gassy basins.
Court Rejects Activists’ Protest of Woodside LNG Pipeline Project
Woodside Energy Group prevailed against environmental groups’ arguments to stop a pipeline to Louisiana LNG in a case that originated before the Australian company bought the project.
Kimmeridge to Grow to 1 Bcf/d Via Bits and Bids, Including Haynesville
Kimmeridge Texas Gas expects to be producing nearly as much gas as its 1.3 Bcf/d Commonwealth LNG plant will export when it comes online in 2029, said CEO Dave Lawler.
OPAL Completes $8.9MM Sale of IRA Investment Tax Credits
The credits were generated from the Sapphire RNG facility, a joint venture that is 50% owned by OPAL Fuels.
Norges Bank Acquires $1.5B Stake in North Sea Wind Projects
Norges Bank’s deal with RWE includes the Nordseecluster wind farm in the German North Sea and the Thor wind farm in the Danish North Sea.
What's Affecting Oil Prices This Week? (March 31, 2025)
For the upcoming week, Stratas Advisors predict that the price of Brent crude will move sideways and struggle amid concerns and uncertainties about the impact of the tariffs imposed by the Trump Administration.
NatGas Rising: WhiteHawk Inks $118MM Marcellus Royalties Deal
WhiteHawk Energy is getting deeper in Pennsylvania’s Marcellus Shale with a $118 million deal as demand for natural gas grows.
Stryten Plans to Add 10 GW of Battery Manufacturing Capacity
As part of the plan, Stryten said it also will increase domestic processing capacity of recycled plastic from spent batteries.
Woodside Awards SLB Drilling Contract for Project Offshore Mexico
SLB will deliver 18 ultra-deepwater wells for Woodside Energy’s Trion ultra-deepwater project starting in early 2026.
Trinasolar Develops Tandem Solar Module That Exceeds 800W
The 3.1-sq-m module was made with perovskite/silicon tandem solar cells, Trinasolar says.
Woodside Divests Greater Angostura Assets to Perenco for $206MM
The Greater Angostura field produces approximately 12% of Trinidad and Tobago’s gas supply, said Woodside CEO Meg O’Neill in a press release.
Phillips 66 Director Criticizes Activist Investor Elliott Amid Proxy Battle
A boardroom battle between U.S. refiner Phillips 66 and activist investor Elliott Investment Management has intensified with a Phillips 66 independent director leveling criticisms at Elliott in an open letter to shareholders.