Chris
Mathews
Hart Energy
Tellurian Reports Driftwood LNG Progress Amid Low NatGas Production
Tellurian’s Driftwood LNG received an extension through 2029 with authorization from the Federal Energy Regulatory Commission and the U.S. Army Corps of Engineers.
Gulfport Plans Liquids-rich Program After ‘Strong’ Ohio Oil Tests
Appalachia gas producer Gulfport Energy continues to report “strong oil production” from a two-well Hendershot pad drilled in eastern Ohio last year. Gulfport plans to develop additional liquids-rich opportunities this year as natural gas prices hover near record lows.
CPS Closes $785MM Deal for Talen Energy’s Texas NatGas Plants
CPS Energy has acquired all assets associated with the 897-MW Barney Davis and 635-MW Nueces Bay natural gas plants in Corpus Christi, Texas, and the 178-MW natural gas plant in Laredo, Texas.
Permian Gas Finds Another Way to Asia
A crop of Mexican LNG facilities in development will connect U.S. producers to high-demand markets while avoiding the Panama Canal.
Hedge Funds Retreat from Oil as War Risk Fades: Kemp
Hedge funds and other money managers sold the equivalent of 95 MMbbl in the six most important petroleum futures and options contracts over the seven days ending on April 23.
Barnett & Beyond: Marathon, Oxy, Peers Testing Deeper Permian Zones
Marathon Oil, Occidental, Continental Resources and others are reaching under the Permian’s popular benches for new drilling locations. Analysts think there are areas of the basin where the Permian’s deeper zones can compete for capital.
Keeping it Simple: Antero Stays on Profitable Course in 1Q
Bucking trend, Antero Resources posted a slight increase in natural gas production as other companies curtailed production.
Repsol to Drop Marcellus Rig in June
Spain’s Repsol plans to drop its Marcellus Shale rig in June and reduce capex in the play due to the current U.S. gas price environment, CEO Josu Jon Imaz told analysts during a quarterly webcast.
Exxon’s Guyana Gas Project a “Win-Win,” Set for Hook-up by Year-end ‘24
Exxon Mobil Corp. CEO Darren Woods said the company’s gas-to-power project in Guyana is a “win-win proposition particularly for the people of Guyana” when completed and hooked-up by year-end 2024.
Exxon Mobil, Chevron See Profits Fall in 1Q Earnings
Chevron and Exxon Mobil are feeling the pinch of weak energy prices, particularly natural gas, and fuels margins that have cooled in the last year.