Latest From Hart Energy
Oil Prices Fall into Negative Territory as Trump Announces New Tariffs
U.S. futures rose by a dollar and then turned negative over the course of Trump's press conference on April 2 in which he announced tariffs on trading partners including the European Union, China and South Korea.
Double Eagle Team Re-Ups in Permian, Backed by EnCap’s $2.5B
The fifth iterations of Double Eagle Energy and its minerals subsidiary, Tumbleweed Royalty, have received a $2.5 billion equity commitment from EnCap Investments LP—the day the E&P finalized a $4.1 billion sale to Diamondback Energy.
INEOS Buys CNOOC’s Gulf Assets, Bringing US Deals Total to $3B
INEOS Energy closed an acquisition of U.S. Gulf assets held by a CNOOC subsidiary. Combined with a previous LNG agreement and acquisition of Eagle Ford Shale assets, the British company has spent $3 billion in the U.S.
Sitio Fights for its Place Atop the M&R Sector
The minerals and royalties space is primed for massive growth and consolidation with Sitio aiming for the front of the pack.
Exclusive: LNG Takes Control in Meeting Data Center Reliability, Capacity Needs
William Seller, solutions architect at DartPoints, shares insight on the impact that data center power demand will have on the natural gas industry, in this Hart Energy Exclusive interview.
Prairie Operating Plans 11-Well Development at Rusch Pad in Colorado
Prairie Operating Co. has begun an 11-well development program in Weld County, Colorado, following the closing of its $603 million deal for Bayswater Exploration and Production assets.
Phillips 66 Completes EPIC Acquisition
The NGL midstream deal to buy EPIC NGL is part of an ongoing dispute between Phillips and activist investor group Elliott Investment Management.
ConocoPhillips Shopping Marathon’s Anadarko Assets for $1B— Source
ConocoPhillips is marketing Anadarko Basin assets it picked up through a $22.5 billion acquisition of Marathon Oil last year, Hart Energy has learned.
Hitting the Gas: Opal Fuels Accelerating RNG Growth
Opal Fuels, which increased annual RNG production by 41% in 2024, commands prices of about $20 per MMBtu from utilities and even higher prices in the vehicle market, co-CEO Jon Maurer said.
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.