Latest From Hart Energy
BPX’s Koontz: The Rise of a Shale Man
CEO Kyle Koontz takes the reins of BPX Energy’s rapid onshore growth amid big changes at BP.
The OGInterview: BPX E-fracs Push ‘Values Up, Emissions Down,’ CEO Says
BPX Energy CEO Kyle Koontz discusses the company’s role as the “nimble entrepreneurial” arm of supermajor BP in the Permian Basin and Haynesville and Eagle Ford shales.
New Fortress Energy Sells Small-scale Florida LNG Unit
New Fortress Energy is selling a small-scale liquefaction and storage facility in Miami, Florida, to an unnamed buyer.
E&P Highlights: July 1, 2024
Here’s a roundup of the latest E&P headlines, including the Israeli government approving increased gas export at the Leviathan Field and Equinor winning a FEED contract for the all-electric Fram Sør Field.
US Approves Avangrid’s New England Wind Project
Plans for Avangrid’s New England Wind, being developed as two projects, include up to 129 wind turbine generators.
The New Wildcatters: Geothermal Developers on the Hunt for Heat
The U.S. is poised for a geothermal boom using existing oil and gas technology. Does the industry have what it needs to scale?
FERC Approves Transco Expansion in Texas, Louisiana
Williams Cos. plans to finish the $91.8M Transcontinental Gas Pipeline project in early 2025.
Aethon Closes $260MM Deal for Tellurian’s Gas, Midstream Assets
The deal grows Aethon Energy’s Haynesville Shale footprint as Tellurian Inc. transitions into a pure-play LNG company.
California Resources Wraps $1.1B Deal, Becomes State’s Top Oil Producer
California Resources Corp.’s deal to acquire Aera Energy for more than $2 billion, including debt, makes it the state’s largest oil producer at 146,000 boe/d, 79% oil, the company said.
Drowning in Produced Water: E&Ps Seek Economic Ways to Handle Water Surge
Strained disposal limits push beneficial reuse to the forefront for produced water management.
It’s All Relative: Family Oil Companies Attract Huge M&A Attention
What role do firms controlled by descendants of the original Permian Basin wildcatters play in a sector increasingly dominated by scale?
Formation Minerals Acquires Haynesville Shale Interests
Formation Minerals purchased Haynesville Shale interests on acreage operated by Aethon Energy Management.
FERC Filings Indicate Plaquemines LNG is Ready to Commission
Kinder Morgan has requested a tariff for natural gas delivery to the new Plaquemines LNG facility.
US NatGas Prices Fall 3% to One-month Low on Output Rise, Lower Demand Forecast
Analysts say there is about 19% more gas in storage than usual for this time of year.
What's Affecting Oil Prices This Week? (July 1, 2024)
Stratas Advisors expects price movements in the coming week to be dampened because of economic and political uncertainty.
Cracking the Fracking Code: Efficient Approaches to Optimize Wellbores
Technology and process innovations improve operational efficiencies even as companies scramble for greener fracking solutions.
Permian’s LandBridge Prices IPO Below Range at $17/Share, Raising $247MM
Houston-based LandBridge, which manages some 220,000 surface acres in the Permian Basin, kicked off trading at $19 per share, more than 10% above its listing price.
Hess Midstream Repurchases $100MM Class B Units
Hess Midstream repurchased more than 2.7 million Class B units as part of its strategy to deliver shareholder returns.
Former Exxon Exec.’s Company to Develop Guyana Gas Project
Fulcrum LNG, recently formed by a former Exxon Mobil Guyana executive, has been selected by the government of Guyana to move forward a project to develop that country’s offshore gas. Baker Hughes and McDermott are also part of the development.
Securing Tomorrow, Protecting Today: Prioritizing Energy Needs and Environmental Responsibility
Population is rising, energy demand is increasing and geopolitical conflicts are escalating. These factors make energy security a critical concern, as it is fundamental to national security, economic growth and myriad societal factors.
Iowa Board Approves Segment of $5.5B CO2 Transport Pipeline
Summit Carbon Solutions still needs approval from four other states for its CO2 transport pipeline.
Court Weighs Postponing Citgo Auction Bid Hearing to September
A U.S. court has been asked to postpone a hearing to present the high bid in an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum.
Laredo Oil Subsidiary Hell Creek Begins Drilling in Montana’s Midfork
Laredo Oil expects the well to be production-ready by late July.
Energy Transition in Motion (Week of June 28, 2024)
Here is a look at some of this week’s renewable energy news, including plans for another offshore wind energy lease sale.
LandBridge Chair: In-basin Data Centers Coming for Permian NatGas
Newly public Delaware Basin surface-owner LandBridge Co. has a 100-year lease agreement with one developer that could result in ground-breaking in two years and 1 GW in demand.
US Drillers Cut Oil, Gas Rigs for Fourth Week in a Row
The oil and gas rig count fell by seven to 581 in the week to June 28.
US Senate Committee Probes Oil Producers on Price Collusion with OPEC
The producers the committee is probing include Exxon Mobil, Chevron, ConocoPhillips and 14 others.
Trafigura, Gunvor Demand Sparks Jump in Brent Oil Benchmark
Trafigura has bought seven cargoes since June 21 and Gunvor bought Forties and WTI cargoes on June 24.
Texas NatGas Prices Negative Even With Power Use Near June Record in Heat Wave
Spot natural gas prices at the Waha hub in West Texas turned negative for a second time this week.
Discoveries, Acquisitions & Divestitures, Public Capital, Shale Plays, Field Development, Emerging Plays
Beetaloo Juice: US Shale Explores Down Under
Tamboran Resources has put together the largest shale-gas leasehold in Australia’s Beetaloo Basin, with plans for a 1.5+ Bcf/d play. Behind its move now to manufacturing mode are American geologists and E&P-builders, a longtime Australian wildcatter, a U.S. shale-rig operator and a U.S. shale pressure-pumper.