Jennifer
Pallanich
Hart Energy
Latest
Generative AI: The 'Potential and Peril' for Oil and Gas' Future
AI capabilities are evolving and helping optimize workflows and aiding E&Ps with the vast troves of data they collect daily.
Diamondback’s Viper Energy Grabs $1B in Permian Basin Royalty Interests
Viper Energy’s cash-and-equity deal adds 2,800 net royalty acres in the Midland Basin and 1,800 net royalty acres in the Delaware Basin with an average 0.7% net revenue interest.
The OGInterview: Southwestern’s New Directions [WATCH]
CEO Bill Way has shifted Southwestern Energy’s course from Fayetteville founder to dual-basin natural gas powerhouse. Now the LNG sector’s top supplier aims to establish itself as the leading natural gas company in the U.S. with decades of inventory in the Haynesville Shale and Appalachian Basin.
Southwestern’s New Directions
CEO Bill Way has shifted Southwestern Energy’s course from Fayetteville founder to dual-basin natural gas powerhouse. Now the LNG sector’s top supplier aims to establish itself as the leading natural gas company in the U.S. with decades of inventory in the Haynesville Shale and Appalachian Basin.
Peak 10 Energy Launches with Permian Basin Acquisition
Peak 10 Energy announced its launch as an oil and gas investment platform focused on the acquisition of assets in the U.S. and particularly in the Permian Basin.
Chart Talk: Venezuela’s Subsidized Fuels Range from Free to Cheap
In OPEC-member Venezuela, fuels are subsidized or unsubsidized while prices range from free to cheap at $0.02/gallon on the low end. But drivers still leave a tip: beans and rice.
SPAC Attack: Clean Energy, Oil & Gas Cashed In on Pandemic-Era Frenzy
The pandemic’s wild SPAC boom helped launch several new public companies in the energy space. But federal intervention and souring investor appetites brought the historic boom back down to earth.
Equinor Acquires 25% Stake in Bayou Bend CCS Project
Bayou Bend is being developed on 140,000 gross acres of pore space for permanent CO2 sequestration and gross potential storage resources of more than 1 billion metric tons.
Is Venezuela the New Iran? Sanctions, Elections Weigh on Oil Powerhouse
Luis Vicente León, president of Datanalisis, Venezuela’s top polling firm, spoke with Hart Energy in an exclusive interview about Venezuela’s oil sector under the weight of U.S. sanctions, potential gas exports to Trinidad and Tobago and the shape of the country’s 2024 presidential elections.
Middle Innings: Shale E&Ps’ Slow Struggle to Woo Back Investors
To attract capital back into the sector, the largest oil and gas companies are spending less on exploration and development and more on shareholder returns. How long can they keep the gravy train rolling in different commodity cycles?
In the Pipe: Clearfork Midstream’s Haynesville System Ready for LNG’s Next Wave
From the outset Clearfork Midstream LLC’s acquisition of Azure Midstream in 2022, the goal was a rapid expansion to meet the needs of the Haynesville Shale as a source of global LNG supply.
Private Equity Ownership in E&Ps Slips, Reducing Overhang: Truist
A Truist Securities study finds more diversity in private equity ownership of E&Ps and predicts more of them will keep their ownership for the longer term.
Hurry Up and Wait? IRA Puts Transmission, Other Woes in Spotlight
At the end of 2022, more than 2,000 gigawatts of generation and storage were awaiting interconnection across the U.S.—almost double the amount of today’s generation capacity.
EY: E&Ps Remain Disciplined as Shareholder Returns Outpace Development Spending
E&Ps have been expanding capital budgets, producing more ESG reporting and returning capital to shareholders and companies appear poised to return to M&A, a report by EY found.
Chevron’s Jeff Gustavson Talks New Energies, Taking Risks
Chevron is spending about 10% to 12% of its overall budget in the low carbon space as it strives for net-zero emissions by 2050, its new energies president says.
Do Western ESG Standards, Clean Energy Aspirations Prop Up OPEC?
U.S. lawmakers resurrect NOPEC legislation with anti-fossil fuel context, inserting convoluted nuance into challenging geopolitics and complex industry dynamics.
The Financial Tightrope: Balancing Buybacks and Debt
Despite blowback, particularly from politicians, companies continue to balance debt repayment with rewarding shareholders.
Mountain Valley Pipeline’s ‘Phantom Takeaway’ Problem
In theory, Equitrans Midstream’s Mountain Valley Pipeline has the potential to open new markets for Marcellus and Utica shale producers but downstream constraints may mean it runs below half of its 2 Bcf/d, at least initially.
Permian Resources Buys Earthstone Energy for $4.5 Billion
The deal, which comes after extensive M&A by Earthstone, will increase Permian Resources’ leasehold to more than 400,000 net acres and its production to 300,000 boe/d.
Back-to-School Trends in Midstream
As various areas of the U.S. return to school, here's a recap of what's been going on in the publicly traded stock side of the midstream space.
Warren Buffett is Buying LNG—What Does it Mean?
Berkshire Hathaway's purchase of an additional 50% stake in the Cove Point LNG facility has some wondering about owner Warren Buffett's commitment to the LNG space.
Paisie: Oil Demand to Eclipse Supply
John Paisie of Stratas Advisors suggests that oil demand will overtake supply during Q3 and Q4, but at the same time, the market will remain concerned about challenges facing the U.S., China and the EU.
Biden Faces Energy, Climate Headwinds
ESG is an oft debated topic in both Congress and Republican-controlled state capitals, but a political backlash against topics like ESG, climate change and sustainability is underway.
‘Free Cash Flow Utopias’ Offset E&Ps Hurdles to Accessing Capital
High FCFs allow companies to fund their own projects, return capital to investors and pay off debt without having to delve into high-interest debt.
SilverBow May Hunt for More Eagle Ford Scale After $700MM Deal
SilverBow Resources could look for additional scale in the Eagle Ford through M&A after buying Chesapeake Energy’s South Texas assets—its eighth deal in the play, analysts say.
Occidental Petroleum Gears Up for Digital Transformation
The operator is working with Amazon Web Services to migrate to the cloud in order to reduce capex and gain access to software-defined technology.
It’s ‘On:’ The New Ohio Utica Oil Play
The oil-weighted hydrocarbon phase through the middle of the Utica fairway in Ohio is gaining renewed attention—and results.
Offshore Wind Developer Ørsted Eyes Challenges, Remains Optimistic
Offshore wind developers including Ørsted have faced supply chain issues, inflationary pressure and rising cost of capital as they work to scale the global offshore market.
Column: High Court’s Water Ruling Provides Clarity … or Not
Murkiness remains for projects involving water, despite clarity from Supreme Court on the limits of EPA’s power.
Are Non-Ops the New Alternative Financing for M&A?
Earthstone Energy CEO Robert Anderson talks about teaming up with non-op Northern Oil & Gas to buy Permian Basin operator Novo Oil & Gas—a deal he expects to close next week.