Latest From Hart Energy
Enbridge Closes First Utility Transaction with Dominion for $6.6B
Enbridge’s purchase of The East Ohio Gas Co. from Dominion is part of $14 billion in M&A the companies announced in September.
Enbridge Announces $500MM Investment in Gulf Coast Facilities
Enbridge’s 2024 budget will go primarily towards crude export and storage, advancing plans that see continued growth in power generated by natural gas.
Everything You’ve Always Wanted to Know About NEPA, But Didn’t Know to Ask
The National Environmental Policy Act, signed into law by the Nixon administration, went years largely unchanged. Now with permitting reform at the forefront of today's energy needs, the NEPA landscape is evolving.
Red Trail Energy Issues Carbon Removal Credits
Red Trail Energy’s CO2 removal credits is the largest durable carbon removal project registered on the Puro Registry to date.
Berry Bolts On More California Assets as Kern County M&A Continues
As Berry Corp. continues its aggressive hunt for growth opportunities outside of California, the E&P made a second bolt-on acquisition in Kern County in the fourth quarter.
Viper Energy Announces Pricing of Diamondback’s Secondary Common Stock Offering
Viper Energy will not receive any of the gross proceeds from Diamondback’s secondary offering of its Class A common stock.
Exclusive: Halliburton’s Frac Automation Roadmap
In this Hart Energy Exclusive, Halliburton’s William Ruhle describes the challenges and future of automating frac jobs.
Prairie Provident Resources Closes on Alberta Asset Sales
Prairie’s net proceeds were used to reduce indebtedness under the company’s senior secured facility and to increase its working capital position.
Uinta Basin: 50% More Oil for Twice the Proppant
The higher-intensity completions are costing an average of 35% fewer dollars spent per barrel of oil equivalent of output, Crescent Energy told investors and analysts on March 5.
SEC Adopts Climate Disclosure Rules in 3-2 Vote
The regulation requires companies to disclose Scope 1 and 2 emissions, weather-related risks and other climate-related data that could have a material business impact.
Sempra Targets Summer 2025 for Commercial Start of ECA LNG Phase 1
Sempra is targeting the summer of 2025 as the commercial operations date for its 3.25 mtpa (0.43 Bcf/d) nameplate capacity Energía Costa Azul LNG Phase 1 project, located in Ensenada in Baja California, Mexico.
TotalEnergies Expanding Orange Basin Presence
The new acreage offshore South Africa is on trend with the Venus discovery offshore Namibia.
Stockholder Groups to Sell 48.5MM of Permian Resources’ Stock
A number of private equity firms will sell about 48.5 million shares of Permian Resources Corp.’s Class A common stock valued at about $764 million.
John Cockerill Americas President Talks Hydrogen, Electrolyzers
Nicolas de Coignac, president of Americas for John Cockerill, recently spoke with Hart Energy about the company’s role in scaling electrolytic hydrogen in the U.S.
The Secret to Record US Oil Output? Drilling Efficiencies—EIA
Advances in horizontal drilling and fracking technologies are yielding more efficient oil wells in the U.S. even as the rig count plummets, the Energy Information Administration reported.
Marketed: EnCore Permian Holdings 17 Asset Packages
EnCore Permian Holdings LP has retained EnergyNet for the sale of 17 asset packages available on EnergyNet's platform.
Marketed: Bendel Ventures 73 Well Package in Texas
Bendel Ventures LP has retained EnergyNet for the sale of a 73 well package in Iron and Reagan counties, Texas.
‘Growth Story’ for Oil: Rice's Kenneth Medlock on Demand Trends
Economics drive oil demand, not politics, Rice University’s Kenneth Medlock said during the International Drilling Conference and Exhibition in Galveston.
Exclusive: What’s Needed to ‘Get Things Moving’ with CCS
CCS momentum is brewing, says Katja Akentieva, vice president of New Energy Solutions for the Western Hemisphere at TGS. Now it's time to capitalize on that momentum in this Hart Energy LIVE Exclusive with Jordan Blum.
Bunge, Chevron Announce FID on Oilseed Processing Plant
Bunge Chevron Ag Renewables' facility will be used to manufacture low carbon renewable fuels from oilseed.
BWX Technologies Awarded $45B Contract to Manage Radioactive Cleanup
The U.S. Department of Energy’s Office of Environmental Management awarded nuclear technologies company BWX Technologies Inc. a contract worth up to $45 billion for environmental management at the Hanford Site.
Everywhere All at Once: Woodside CEO Touts Current Global Portfolio
Meg O’Neill, the CEO of Australian energy giant Woodside Energy, is overseeing the “next wave” of growth projects around the globe, including developments in the Gulf of Mexico, offshore Senegal and further LNG expansion.
Plains All American Names Michelle Podavin Midstream Canada President
Michelle Podavin, who currently serves as senior vice president of NGL commercial assets for Plains Midstream Canada, will become president of the business unit in June.
Going with the Flow: Universities, Operators Team on Flow Assurance Research
From Icy Waterfloods to Gas Lift Slugs, operators and researchers at Texas Tech University and the Colorado School of Mines are finding ways to optimize flow assurance, reduce costs and improve wells.
ShearFRAC, Drill2Frac, Corva Collaborating on Fracs
Collaboration aims to standardize decision-making for frac operations.
JMR Services, A-Plus P&A to Merge Companies
The combined organization will operate under JMR Services and aims to become the largest pure-play plug and abandonment company in the nation.
Turning Down the Volumes: EQT Latest E&P to Retreat from Painful NatGas Prices
Despite moves by EQT, Chesapeake and other gassy E&Ps, natural gas prices will likely remain in a funk for at least the next quarter, analysts said.
E&P Highlights: March 4, 2024
Here’s a roundup of the latest E&P headlines, including a reserves update and new contract awards.
Talos Closes $1.29B Acquisition of GoM E&P QuarterNorth
Talos Energy closed a cash-and-stock acquisition of QuarterNorth Energy, adding scale in the Gulf of Mexico.
RIC Energy Sells 20 MW of Solar Plants to Luminace
RIC Energy says the facilities are expected to provide 100% clean energy to more than 5,000 homes participating in the utilities’ community solar programs.