Marketed by Chevron Corp. for more than a year, the 71,000-contiguous-net-undeveloped-acreage sold to TG Natural Resources is valued by the supermajor at $1.2 billion at current Henry Hub futures.
“That starts with fixing the slow, broken permitting processes in the U.S. and Europe,” Larry Fink, the co-founder, chairman and CEO of $12 trillion investment-management firm BlackRock Inc., told shareholders March 31.
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.
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 Canada Pension Plan’s CPP Investments is looking for more oil and gas stories—in addition to renewable and other energies.
As tech and energy investors began scrambling to revise stock valuations after the news broke, Microsoft Corp.’s CEO called it before markets open: “Jevons paradox strikes again!”
Charif Souki, co-founder of the Lower 48’s first and largest LNG exporter, has his sights set on a third natural gas venture after his exit from Tellurian Inc.
They may not be another horizontal Wolfcamp or Bone Springs play with tens of billions of barrels, but there’s more onshore E&Ps should explore, former Pioneer Natural Resources CEO Scott Sheffield told Hart Energy at the recent CERAWeek by S&P Global conference.
EOG Resources will scale back on Delaware Basin and Eagle Ford drilling and completions in 2025.
“Don't be surprised if you see a lot of [Canadian] trade missions moving beyond North America,” an Ontario official said in a panel discussion on tariffs at CERAWeek by S&P Global.
