Latest From Hart Energy
Early Startup of Trans Mountain Pipeline Expansion Surprises Analysts
Analysts had expected the Trans Mountain Pipeline expansion to commence operations in June but the company said the system will begin shipping crude on May 1.
Riley Permian to Acquire New Mexico Acreage, Launches Stock Offering
E&P Riley Exploration Permian will offer 2.1 million shares to help pay for the purchase of 12,500 net acres in Eddy County, New Mexico.
E&P Earnings Season Proves Up Stronger Efficiencies, Profits
The 2024 outlook for E&Ps largely surprises to the upside with conservative budgets and steady volumes.
US Clears 2.6-GW Offshore New England Wind Project
Located south of Martha’s Vineyard off of Massachusetts, the project consists of the 791-megawatt New England Wind 1 and the 1.87-GW New England Wind 2.
Analysts, SLB Execs See Stability in $7.7B ChampionX Deal
The acquisition of ChampionX vaults SLB’s chemical production business to No. 1 globally and orients SLB's business toward resource recovery that is less tied to price volatility.
Marketed: Nye Oil 27 Property Package in Texas
Nye Oil LLC has retained EnergyNet for the sale of a 27 property package in Frio and La Salle counties, Texas.
Marketed: Outpost Energy Alberta Properties Divestiture
Outpost Energy has retained Sayer Energy Advisors for a corporate sale process on properties in Alberta.
The Answer to Curbing Permian Associated Gas? More M&A
Consolidation will result in less oil production, and therefore less associated gas, as fewer wells are produced, an energy analyst says.
TC Energy Appoints Sean O’Donnell as Executive VP, CFO
Prior to joining TC Energy, O’Donnell worked with Quantum Capital Group for 13 years as an operating partner and served on the firm’s investment committee.
TGS Commences Multiclient 3D Seismic Project Offshore Malaysia
TGS said the Ramform Sovereign survey vessel was dispatched to the Penyu Basin in March.
Exclusive: Despite Complexities, Carbon Capture has a 'Huge' Opportunity
Ken Gilmartin, the CEO of engineering company Wood, shares the importance of digitization's role in traditional oil and gas and the energy transition, and overcoming challenges facing carbon capture, in this Hart Energy Exclusive interview.
Enterprise Increasing Permian NatGas Production
Enterprise Products Partners began service on two natural gas plants: the Leonidas in the Midland Basin and the Mentone 3 in the Delaware Basin, each with a capacity to process 300 MMcf/d of natural gas and 40,000 bbl/d of NGLs.
Majority of Recent CO2 Emissions Linked to 57 Producers - Report
The world's top three CO2-emitting companies in the period were state-owned oil firm Saudi Aramco, Russia's state-owned energy giant Gazprom and state-owned producer Coal India, the report said.
An Untapped Haynesville Block: Chevron Asset Attracts High Interest
Chevron’s 72,000-net-acre property in Panola County, Texas is lightly developed for the underlying Haynesville formation — and the supermajor may cut it loose.
Mesa III Reloads in Haynesville with Mineral, Royalty Acquisition
After Mesa II sold its Haynesville Shale portfolio to Franco-Nevada for $125 million late last year, Mesa Royalties III is jumping back into Louisiana and East Texas, as well as the Permian Basin.
Kinder Morgan Nominates Deloitte’s Amy Chronis to Board
Amy Chronis, currently a senior partner with Deloitte, will stand for election along with Kinder Morgan’s current directors at the company’s annual meeting on May 8.
Baker Hughes Tapped for NatGas, Hydrogen Technology
Baker Hughes will provide three of its NovaLT 12 gas turbine driven compressor trains for a new gas compressor station in Sulmona, Italy.
Tangled Up in Blue: Few Developers Take FID on Hydrogen Projects
SLB, Linde and Energy Impact Partners discuss hydrogen’s future and the role natural gas will play in producing it.
After Challenging Year, Which Way Will Offshore Wind Blow?
Following a year of negative headlines with some of the industry’s biggest players booking billion-dollar impairments and backing out of wind projects, this year appears to be going smoother.
Life on the Edge: Surge of Activity Ignites the Northern Midland Basin
Once a company with low outside expectations, Surge Energy is now a premier private producer in one of the world’s top shale plays.
White House Open to Ending LNG Export Pause in Push for Ukraine Aid, Sources Say
Reversing the pause could be tolerable to the White House in order to advance Ukraine aid, in part because the pause has no bearing on near-term LNG exports, the White House sources said.
Marketed: DRII 642 Well Package in Louisiana, Oklahoma, Texas, Wyoming
DRII LLC retained EnergyNet for the sale of a 642 well package across various counties and parishes in Louisiana, Oklahoma, Texas and Wyoming.
Darbonne: Brownsville, We Have LNG Liftoff
The world’s attention is on the far south Texas Gulf Coast, watching Starship liftoffs while waiting for new and secure LNG supply.
EOG Resources Wildcatting Veteran Billy Helms to Retire
Joining an EOG Resources predecessor in 1981, Helms is among the pre-1986-oil-bust generation who later found success in shale.
Summit Midstream Launches Double E Pipeline Open Season
The Double E pipeline is set to deliver gas to the Waha Hub before the Matterhorn Express pipeline provides sorely needed takeaway capacity, an analyst said.
Exclusive: Liberty CEO Says World Needs to Get 'Energy Sober'
More money for the energy transition isn’t meaningfully moving how energy is being produced and fossile fuels will continue to dominate, Liberty Energy Chairman and CEO Christ Wright said.
Dominion Energy Grows Virginia Solar Energy Portfolio
Dominion Energy will own or acquire four Virginia solar projects, which have a total capacity of 329 megawatts, the company says.
BKV CEO Chris Kalnin says ‘Forgotten’ Barnett Ripe for Refracs
The Barnett Shale is “ripe for fracs” and offers opportunities to boost natural gas production to historic levels, BKV Corp. CEO and Founder Chris Kalnin said at the DUG GAS+ Conference and Expo.
Mitsubishi Makes Investment in MidOcean Energy LNG
MidOcean said Mitsubishi’s investment will help push a competitive long-term LNG growth platform for the company.
Kodiak Gas Services Closes $850MM Deal for CSI Compressco
Kodiak Gas Services’ acquisition of CSI Compressco was financed as an all-equity transaction valued at approximately $854 million, including assumption of $619 million in debt.