As prices rise, M&A interest shifts to the Haynesville Shale and other gassy basins.
Woodside Energy Group prevailed against environmental groups’ arguments to stop a pipeline to Louisiana LNG in a case that originated before the Australian company bought the project.
Kimmeridge Texas Gas expects to be producing nearly as much gas as its 1.3 Bcf/d Commonwealth LNG plant will export when it comes online in 2029, said CEO Dave Lawler.
WhiteHawk Energy is getting deeper in Pennsylvania’s Marcellus Shale with a $118 million deal as demand for natural gas grows.
Glenfarne Group LLC is taking over as the lead developer of the Alaska LNG project with the acquisition of a majority interest in the project from Alaska Gasline Development Corp.
With recent Permian bids eclipsing $6 million per location, Vitol could be exploring a $3 billion sale of its shale business VTX Energy Partners, analysts say.
The oil and gas rig count fell by one to 592 in the week to March 28.
Natural gas will play a key role in feeding energy to tech providers like Microsoft Corp. as China innovates in the AI arms race at breakneck speed, Interior Secretary Doug Burgum said at CERAWeek by S&P Global.
The extra warm spring weather has allowed stocks to rise, but analysts expect high demand in the summer to keep pressure on U.S. storage levels.
Recent price jumps and rising demand don’t negate the need to protect against future drops.