Latest From Hart Energy
Found in Mitchell County, Permian Basin: 2.5-mile Wolfcamp Stepouts
Bayswater Exploration & Production has taken its Midland Basin oil play far east into Mitchell County where a high carbonate content “gives us a chance to really compete with the big guys.”
Exclusive: Blue Latitudes’ Ever-evolving Process to Decommission Offshore Rigs to Reefs
Environmental consulting firm Blue Latitudes looks at decommissioned offshore rigs as potential fisheries habitats, and the process is always evolving as the energy industry evolves, Amber Sparks, co-founder of Blue Latitudes, told Hart Energy's Jordan Blum at the Offshore Technology Conference.
Bethancourt Appointed as Devon Energy’s Board Chair
John Bethancourt joined Devon Energy’s board in 2014 following his retirement from Chevron’s executive team.
Enbridge Closes $4.3B Deal for NatGas Utility Questar Gas
Following the closing of its deal for Questar Gas Co., Canadian midstream company Enbridge Inc. is nearing the full completion of its acquisition of three U.S. gas utilities.
Court Rules in Williams’ Favor in Pipeline Dispute with Energy Transfer
Williams and Energy Transfer have three legal cases and a pending FERC ruling in the dispute over Williams’ Louisiana Energy Gateway Project.
NY Finalizes Contracts for Two Offshore Wind Projects
Combined, the projects are expected to produce enough electricity to power more than 1 million New York homes.
Markman: Pre-season Jitters in the Hurricane Zone
If hurricane predictions are correct, oil and gas fortunes could be in hot water.
Chemex Agrees to FEED Contract for Verde’s NatGas-to-gasoline Plant
Verde said the project will be located in Martin County, Texas. Completion of Chemex’s FEED work is anticipated in early 2025.
Wood Mackenzie Appoints Zhou as Head of Power, Renewables Business
Xizhou Zhou most recently led the global power and renewables division at S&P Global’s commodity insights business and the Asia Pacific gas, power and renewables business.
Hydrogen Left Hanging as DOE Prolongs Contract Negotiations
Regulatory and energy experts discuss hydrogen hubs as the award negotiation process continues.
Hunt Oil Co. Markets DJ, Midcontinent-heavy Minerals Package
Hunt Oil Co., one of the nation’s oldest family-owned oil companies, is marketing minerals and royalties across several major basins.
Balmoral Focusing on ‘Buoyant’ Offshore Wind Sector
Balmoral’s sales director Gary Yeoman discusses trends in the offshore energy industry and introduces the company’s scour protection system in this Hart Energy Exclusive interview.
Kinetik Sells $540MM Stake in Gulf Coast Express Pipeline
Kinetik Holdings’ $540 million deal will help the midstream company pay for its recently announced acquisition of Durango Permian Infrastructure.
Saudi Aramco Holding LNG Talks with US Firms Tellurian, NextDecade, Sources Say
Oil giant Aramco is in talks with Tellurian to buy a stake in the Driftwood LNG plant near Lake Charles, Louisiana.
Marketed: Excess Energy 207 Well Package in Austin Chalk, Eagle Ford Shale
Excess Energy has retained EnergyNet for the sale of a Austin Chalk and Eagle Ford Shale, 207 well package in La Salle and Webb counties, Texas.
TC Energy Shareholders OK Spinning Off Liquid Pipelines Business
TC Energy will spin off South Bow Corp., with its primary asset the Keystone oil pipeline, while shifting a hefty amount of TC Energy’s debt to the new company.
Norway’s Equinor Divests Gina Krog Field Interests
Equinor is selling its 19.5% interests in production licenses (PL) 048E, which is the Eirin field, and PL 1201 to PGNiG Upstream Norway for an undisclosed amount.
TotalEnergies Signs Two LNG Contracts in Asia
Through contracts with Indian Oil Corp. and Korea South-East Power, TotalEnergies is securing its global LNG supply portfolio in the medium term.
Occidental, BHE Renewables Form JV to Extract Lithium
The joint venture between Occidental Petroleum and Berkshire Hathaway’s BHE Renewables takes shape as companies aim to meet growing demand for lithium, a key ingredient for rechargeable batteries used for electronics, energy storage and electric vehicles.
Permian Pulse: Franklin Mountain Stands Out Among Delaware M&A Targets
Franklin Mountain was a relative nobody when the company bid for Delaware Basin acreage in a 2018 BLM auction. Today, it’s one of the largest private U.S. oil producers and a major target for acquisition.
Transocean Announces $161MM in Contract Extensions
Three of Transocean’s harsh environment semisubmersibles have been awarded contract extensions.
Capsol Technologies to List On Norwegian Stock Exchange
Carbon capture solutions company Capsol Technologies ASA plans to list on Euronext’s Oslo Børs.
Enterprise Calls Open Season for Diluent Service on Mont Belvieu-Chicago Line
Enterprise Products Partners plans to increase the capacity of its Mont Belvieu, Texas, to Chicago area pipeline through system upgrades.
New Non-executive Director Tony O’Neill Appointed to Woodside Board
Anthony (Tony) O’Neill, who has extensive experience in the global mining industry, is joining Woodside’s board of directors.
Exxon Mobil Goes Long with Permian’s Poker Lake Well
Exxon Mobil’s Permian wells manager tells Hart Energy about the successes and challenges in drilling one of the longest lateral wells in the basin.
Tokyo Gas Seeks More US Natural Gas Assets, President Says
The Japanese company paid $2.7 billion to acquire Texas-based natural gas producer Rockcliff Energy in December and agreed to purchase a 49% stake in North American energy marketing and trading firm ARM Energy Trading in February.
Classic Rock: E&Ps Launch Refracs of Vintage Eagle Ford Wells
SilverBow Resources, ConocoPhillips and Devon are among E&Ps seeing positive results from restimulating mature Eagle Ford wells, although no operator is sold on the idea.
Diamondback, Five Point JV Buys More Midland Water Infrastructure
Deep Blue, the joint venture between Diamondback Energy and Five Point Energy, has acquired pipeline and hundreds of thousands of barrels of water disposal capacity from Lagoon Operating Midland.
CorEnergy Infrastructure Aims for June Emergence from Bankruptcy
CorEnergy said the sale of its MoGas and Omega pipelines and repayment of its secured debt encouraged stakeholders to approve recapitalizing the company’s balance sheet.
Field Development, Emerging Plays, Discoveries, Deepwater, Conventional, Shale Plays, Drilling, Completions, Subsea
E&P Highlights: June 4, 2024
Here’s a roundup of the latest E&P headlines, with new contracts awarded and larger commitments made for oil and gas exploration in South Korea and Australia.