Exclusive: Camino Steps Back from $2B Midcon Sale Process—Sources
NGP-backed Camino Natural Resources, which had reportedly been seeking a $2 billion sale of its Midcontinent assets, has paused marketing the company, sources told Hart Energy.
Exclusive: Kinder Morgan’s Fore on Pipeline Permitting Momentum in Past Year
Kinder Morgan’s Allen Fore, vice president of public affairs, delves into how the Trump administration’s initiatives to achieve energy dominance is a “game changer” for pipeline projects, in this Hart Energy Exclusive interview.
Citgo Stalking Horse Bidder Draws Ire from Investors
A court-appointed special master recommended a stalking horse bidder for the parent of Citgo Petroleum, which drew objections from Gold Reserve and other investors.
Infinity’s Utica Oil Output Rising as Play M&A, Expansion Underway
Securities analysts expect some M&A may be coming from the growing oil and wet-gas results in eastern Ohio, they report, including by newly public Infinity Natural Resources.
How Elk Range Took the Leap to Buy Oxy’s $905MM D-J Heirloom
Elk Range Royalties closed on a $905 million purchase of Occidental’s assets in the Denver-Julesburg Basin in March— a once-in-a-lifetime purchase, CEO Charlie Shufeldt told Hart Energy.
E&P Highlights: April 7, 2025
Here’s a roundup of the latest E&P headlines, from BP’s startup of gas production in Trinidad and Tobago to a report on methane intensity in the Permian Basin.
Oxy Secures Class VI Permits for Stratos DAC Project
Occidental Petroleum has secured permits from the Environmental Protection Agency to store CO2 at its Stratos DAC facility. Located in Texas, Stratos is designed to capture and store up to 500,000 metric tons of CO2 annually, Oxy says.
Chevron Ordered to Pay $744MM for Damages on Louisiana’s Wetlands
A jury found oil company Texaco, which is owned by Chevron, violated Louisiana’s coastal resources regulations by dredging canals, drilling wells and dumping wastewater into the marsh.
Oil Prices Slide 2% to Nearly 4-Yr Low as US Trade Conflict Fuels Recession Fears
After crude prices fell about 11% last week, the April 7 losses put both benchmarks on track for their lowest closes since mid-April 2021.
What's Affecting Oil Prices This Week? (April 7, 2025)
From an upside perspective – a favorable resolution of the tariffs will push the price of Brent crude to $75 and the price of WTI to $70.