Latest From Hart Energy
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.
Exclusive: Despite Uncertainty, NatGas Balances Out
McKinsey and Co.'s Luciano Di Fiori says the natural gas market is capable of balancing itself out—despite LNG permit approval pauses, midstream constraints and dependence on oil production—in this Hart Energy LIVE Exclusive interview with Editorial Director Jordan Blum.
What's Affecting Oil Prices This Week? (March 4, 2024)
For the upcoming week, Stratas Advisors expect the price of Brent will move sideways and will struggle to break through $85.
TC Energy, Partner Sell Portland NatGas Transmission System for $1.14B
Analysts expect TC Energy to make more divestitures as the Canadian infrastructure company looks to divest roughly $2.21 billion in assets in 2024 and lower debt.
SCF Acquires Flowchem, Val-Tex and Sealweld
Flowchem, Val-Tex and Sealweld were formerly part of Entegris Inc.
Canadian Natural Resources Boosting Production in Oil Sands
Canadian Natural Resources will increase its quarterly dividend following record production volumes in the quarter.
Oil Rises After OPEC+ Extends Output Cuts
Rising geopolitical tensions due to the Israel-Hamas conflict and Houthi attacks on Red Sea shipping have supported oil prices in 2024, although concern about economic growth has weighed.
EQT Cuts 1 Bcf/d of NatGas Production
Curtailments are expected to total approximately 30 Bcf to 40 Bcf in the first quarter.
Exxon Versus Chevron: The Fight for Hess’ 30% Guyana Interest
Chevron's plan to buy Hess Corp. and assume a 30% foothold in Guyana has been complicated by Exxon Mobil and CNOOC's claims that they have the right of first refusal for the interest.
Belcher: Election Year LNG ‘Pause’ Will Have Huge Negative Impacts
The Biden administration’s decision to pause permitting of LNG projects has damaged the U.S.’ reputation in ways impossible to calculate.
Marketed: Amati Royalties Powder River Basin Opportunity
Amati Royalties has retained EnergyNet for the sale of a Powder River Basin opportunity with four wells and two pending wells in Campbell County, Wyoming.
Marketed: Stone Hill Minerals Holdings Williston Basin 10 Well Package in North Dakota
Stone Hill Minerals Holdings has retained EnergyNet for the sale of a Williston Basin 10 well package opportunity in Williams County, North Dakota.
TotalEnergies Buys Majority Stake in Ecoslops Provence JV
TotalEnergies bought out its joint venture partner to become the sole shareholder in cleantech venture Ecoslops Provence.
Exclusive: Rebellion Energy Orphan Well Method Pinpoints the Particulars in Plugging
Rebellion Energy Solutions CEO Staci Taruscio dives into the company's methods when plugging for permanence in this Hart Energy LIVE Exclusive with Editorial Director Jordan Blum.
Range Resources Declares Quarterly Dividend
Range’s dividend is payable on March 29 to stockholders of record by March 15.
Energy Transition in Motion (Week of March 1, 2024)
Here is a look at some of this week’s renewable energy news, including Chevron’s plans for a solar-to-hydrogen facility in California.
Kimmeridge Activates on SilverBow: A Battle for South Texas Gas
Investment firm Kimmeridge is looking for more natural gas production for its own E&P to participate in the Gulf Coast LNG market. SilverBow Resources has gas.
US Oil, Gas Rig Count Rises to Highest Since September: Baker Hughes
The U.S. oil and natural gas rig count is at its highest since September 2023.
New Fortress Starts Barcarena LNG Terminal Operations in Brazil
New Fortress’ facility consists of an offshore terminal and an FSRU that will supply LNG to several customers.
Equinor Resumes Helicopter Flights on NCS Following Fatal Accident
Operator also announced it is expanding its helicopter fleet by 15 through contracts with Bell and Leonardo, with the first two helicopters slated for delivery in about a year.
From Tokyo Gas to Chesapeake: The Slow-burning Fuse that Lit Haynesville M&A
TG Natural Resources rides the LNG wave with Rockcliff deal amid shale consolidation boom.
Liquefied Natural Gas (LNG), Trends, The OGInterview, Acquisitions & Divestitures, Natural Gas, Trade, International
The OGInterview: TG Natural Resources Rides LNG Wave
TG Natural Resources rides the LNG wave with its Rockcliff deal amid a shale consolidation boom.
Permian Resources Declares Quarterly Base, Variable Dividends
Permian Resources’ dividends are payable March 21 to shareholders of record by March 13.
US EPA Removes Existing Gas Plants From Proposed Carbon Rule
The U.S. Environmental Protection Agency will exclude existing natural gas power plants from its proposed carbon regulations that it plans to finalize in April.
Equinor, Ørsted/Eversource Land New York Offshore Wind Awards
RWE Renewables and National Grid’s Community Offshore Wind 2 project was waitlisted and may be considered for award and contract negotiations later, NYSERDA says.
Devon Energy Leads $244MM Funding Round for Fervo Energy
The funds will finance Fervo Energy’s next phase of growth as it puts to use oil and gas technology and techniques to scale geothermal energy.