The oil and gas rig count fell by one to 582 in the week to Sept. 6, the lowest since June.
Energy providers are positioning themselves to meet growing power needs, including for large-scale data centers known as hyperscalers.
The Texas Public Utility Commission threw out a loan application after learning—from NextEra—that it wasn’t part of an electricity generation project submitted by Aegle Power.
Non-operated specialist Northern Oil & Gas is going after larger acquisitions by teaming up with adept operating partners like SM Energy and Vital Energy. It’s helping bridge a capital gap in the upstream sector, say NOG executives Nick O’Grady and Adam Dirlam.
ARC Resources did not provide additional information on the divested assets, which the company said had results in proceeds of $59.2 million.
Texas is a case study on the dangers of weak regulation.
The latest acquisitions in the midstream sector are focusing on natural gas gathering and processing to secure a spot in the lucrative NGL market.
When it comes to drilling in U.S. onshore basins, no other operators are drilling more than Exxon Mobil and EOG Resources, according to Enverus data.
Anecdotal evidence suggests "jaw-dropping" energy needs as AI data centers come online, but building up the power supply will be a complicated process for producers and midstream companies.
An E&P consolidation trend took out many of the biggest private producers inside of two years, but banks, private equity and other lenders are ready to fund a new crop of self-starters in oil and gas.