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.
Failure to meet these conditions may lead to the termination of the deal.
The price of Brent crude could get a boost from Trump’s threats of sanctions on Russia, Iran and Venezuela, but it is doubtful it will break $72/bbl, Stratas Advisors says.
Executives at BP, Sempra Infrastructure and the American Petroleum Institute weighed in on U.S. natural gas prowess and the obstacles that could stand in the way: snagged permitting, prohibitive steel tariffs and layoffs of federal workers needed to approve projects.
Glenfarne Energy Transition executives are waiting on a re-issue of a vacated FERC permit for Texas LNG.
Oil trends will hinge on China’s economy, plans to refill the SPR and how tariff threats play out.
Recent developments have extended the regulatory law’s reach from oil and gas activities on the Outer Continental Shelf to energy sources outside minerals—such as wind.
Federal Energy Regulatory Commission Chairman Mark Christie is pushing natural gas to feed U.S. electrical grids before a “rendezvous with reality” occurs.
North America’s natural gas abundance positions the region to be a reliable power supplier. But regulatory factors are holding the industry back from fully tackling the global energy crisis, experts at CERAWeek said.
“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.