Sandy
Segrist
Hart Energy
Analyst: Public E&Ps Race to Stay Relevant in a Consolidating Energy Market
A shrinking pool of opportunities is leading to scarcity and driving the rising valuations for crude E&Ps in the current A&D market, said TD Cowen analyst David Deckelbaum at Hart Energy’s A&D Strategies and Opportunities Conference.
Northern’s O’Grady: Most of ‘Best’ Acres ‘Already Been Bought’
Adding new-well inventory going forward will require “exploration or other creative measures,” said Nick O’Grady, whose Northern Oil and Gas holds interests in 10,000 Lower 48 wells.
New Fortress Energy Appoints New President
New Fortress Energy Inc. has appointed Andrew Dete, managing director, to the role of president.
Shell to Buy New England Gas-fired Power Plant
Shell already had a market agreement with RISEC Holdings for all of the electricity the 609-MW Rhode Island plant produced.
Matador May Tap Its Haynesville ‘Gas Bank’ if Prices Stabilize
The operator holds 8,900 net Haynesville Shale acres and 14,800 net Cotton Valley acres in northwestern Louisiana, all HBP, that it would drill if gas prices stabilize—or divest for the right price.
Diversified Inks NatGas Supply Contract with Gulf Coast LNG Facility
Diversified Energy will supply 40 Bcf to an unnamed Gulf Coast LNG facility over a three-year period.
NextEra Ponders Nuclear Plant Restart as Backlog Climbs
NextEra Energy’s CEO is considering restarting the Duane Arnold nuclear plant as electricity needs, particularly from data centers, are growing.
Range Confirms: Data Center Talk Underway for Marcellus Gas-fired Power
Deals will take a while, however, as these multi-gigawatt agreements are also multi-decade investments, said Range Resources CFO Mark Scucci.
Mexico Pacific Working with Financial Advisers to Secure Saguaro LNG I FID
Mexico Pacific is working with MUFG, Santander and JP Morgan to arrange the financing needed to support FID and the anchor phase of Saguaro Energía LNG.
Finding a Niche: Midstream Giants Target Private G&P Assets
Smaller, non-publicly owned midstream companies are moving quickly for a position in a consolidation-driven market.