Latest From Hart Energy
Exclusive: Continental Dives Deep Into Anadarko's Complexities
The Anadarko Basin's complexities are not stopping Continental Resources from capitalizing on its resources and eyeing acreage that may possibly be on the market soon following the closing of some big deals, the company's Vice President of the Anadarko Basin Aaron Chang told Hart Energy's Nissa Darbonne at SUPER DUG.
The OGInterview: Building a Bakken Beast
Chord Energy CEO Danny Brown breaks down the M&A strategy that is hitting all the right notes.
What's Affecting Oil Prices This Week? (June 3, 2024)
For 2024, Stratas Advisors says increasing supply will be more challenging unless U.S. producers start ramping up their capital expenditures and drilling programs beyond their current plans.
International Battery Metals Names New CEO
Iris Jancik will succeed Garry Flowers as IBAT CEO when she takes the helm in mid-August.
OPEC Output Cuts Seen as Bearish by Analysts
WTI and Brent oil prices inched lower as investors weighed extended OPEC+ supply cuts.
Recurrent Energy Marks Initial Closing of BlackRock Investment
When the transaction is fully complete, the investment will represent 20% of the outstanding fully diluted shares of Recurrent Energy on an as-converted basis, Canadian Solar said.
Mexico’s First Female President Likely to Stay Course on Energy
Claudia Sheinbaum Pardo, a physicist with a doctorate in energy engineering and of Jewish heritage, won Mexico’s presidential election on June 2 by an overwhelming margin, according to Mexico’s INE.
ProPetro to Acquire Aqua Prop for $35.6MM
As part of the transaction, initially valued at $35.6 million, ProPetro will own and provide onsite sand storage and handling.
Permian Takeaways: Rebuilding the Most Prolific Paradigm in the US
Midstream companies and E&Ps may have different priorities, but continued pipeline development is crucial for the basin’s future.
Woodside’s Scarborough LNG Receives $1B Loan from Japanese Bank
Woodside Energy’s Scarborough LNG project, located off Australia’s coast, is scheduled to start shipping cargo in 2026.
Aera Energy Lands $2.8MM in DOE DAC Funding
The funding will be used to conduct a feasibility study to establish the viability of direct air capture as a business and technology in California, the company says.
Royale Reports Favorable Results in Permian’s Mississippian Interval
Royale Energy has four producing wells, with a fifth and sixth being drilled and completed in Ector County, Texas, with plans to bring them online later this year.
Schumer Asks DOJ to Investigate FTC Claim Oil Exec Colluded with OPEC
Earlier in May, the Federal Trade Commission gave the go-ahead to Exxon Mobil's $60 billion purchase of Pioneer Natural Resources, but barred former Pioneer CEO Scott Sheffield from Exxon's board on allegations he attempted to collude with OPEC to raise oil prices.
Energy Partnerships: Don’t Settle for ‘First Person that Comes Along’
Energy executives share insights and tips—look for red flags, run the “intercontinental flight test”—when forming lasting collaborative partnerships.
Bioenergy/Biomass, Geothermal, RNG, Renewables, Energy Storage, Solar, Hydrogen, Wind, International
Energy Transition in Motion (Week of May 31, 2024)
Here is a look at some of this week’s renewable energy news.
US Drillers Cut Most Oil, Gas Rigs in a Month Since August
The oil and gas rig count, an early indicator of future output, held steady at 600 in the week to May 31.
Chord Closes $4B Enerplus Acquisition for Williston Basin Scale
The Enerplus transaction gives Chord Energy another decade of drilling runway in the Bakken Shale play—the nation’s second-largest oil field.
Multi-basin Mayhem: Conoco, Marathon Tout Eagle Ford, Bakken Runway
ConocoPhillips and Marathon Oil—which both trace their roots to the breakup of John D. Rockefeller’s Standard Oil Trust more than a century ago—are combining in a $22.5 billion deal.
Sheffield Responds to FTC: Ban from Exxon Board a ‘Dangerous Course’
Pioneer Natural Resources founding CEO Scott Sheffield urges the U.S. Federal Trade Commission to vacate its order; FTC responds with defiance.
From Comedy Central to Exxon Mobil-Pioneer Deal, a New FTC Emerges
The Exxon Mobil and Pioneer Natural Resources deal closed quickly and without divestment conditions, an antitrust attorney said — except for the sole condition that barred Pioneer’s founding CEO from Exxon’s board.
Expanding Gas Processing Capacity May Increase Permian Crude
The development of gas processing plants and a pipeline opening in the Permian Basin are expected to give crude producers a boost in the second half of 2024.
The Shape of M&A to Come: Is Devon Up Next to Join the Spree?
ConocoPhillips' recent $17.1 billion deal to acquire Marathon Oil came after the company missed out on buying CrownRock and Endeavor, two companies Devon Energy took a hard look at, Moelis’ Stephen Trauber said.
Saudi Arabia Sets Up New Aramco Share Sale That Could Raise $13.1B
Saudi Arabia's government is planning to sell a new stake in state oil giant Aramco that could raise as much as $13.1 billion, a landmark deal to help diversify the economy.
AltaGas, Royal Vopak Reach FID on LPG Exporting Facility in Canada
The energy exporting facility will be developed on Ridley Island, British Colombia, on a 190-acre site adjacent to AltaGas and Vopak’s existing propane exporting terminal.
VAALCO Energy Updates Canadian Drilling Campaign Results
VAALCO Energy drilled four 2.75-miles wells, apparently in the Western Canadian Sedimentary Basin.
PGS Gets Greenlight to Begin Surveying for Petrobras 4D Contract
After a long permitting process, PGS has secured the last permit needed to begin its large 4D survey contract with Petrobras at the Barracuda-Caratinga field offshore Brazil.
Paisie: Oil Prices to Range Between $86-$88 in Second Half of 2024
Supply and demand dynamics overtake geopolitical instability from the Middle East to Ukraine in influencing oil prices.
Adding Green: HighPeak, Priority Power Advance WildHorse Solar
Developed and owned by Priority Power, the facility is expected to lower costs and minimize HighPeak’s greenhouse gas emissions.
EIA: Even with High Summer Demand, Maxed Out NatGas to be Sidestepped
Overall, electricity demand is forecasted to be up 3%, and solar power is expected to make up the difference.
Delay at Golden Pass LNG to Remove 219 Bcf of Demand
Despite a delay at Golden Pass LNG, East Daley still expect prices to average approximately $3.75/MMBtu in 2025.