Diversified Closes East Texas NatGas Bolt-on
Diversified Energy said the acquisition, from a regional operator, adds the equivalent of 70 Bcf of proved developed producing with a PV-10 of $89 million.
DT Midstream Moves on Network Expansion, See Gas Demand Up in ‘25
DT Midstream expects an increase in natural gas demand in the Haynesville Shale in 2025, despite a third-quarter earnings miss.
Trial and Error: CCS Tries Out Multiple Approaches to Get Ball Rolling
Is carbon capture and sequestration about to turn the corner? Some obstacles may stand in the way.
Oil Prices Rise as OPEC+ Considers Delaying December Output Increase
Oil prices rose more than 2% on Oct. 30 after Reuters reported that OPEC+ could delay a planned oil production increase in December by a month or more because of concern over soft oil demand and rising supply.
BP Profit Falls On Weak Oil Prices, May Slow Share Buybacks
Despite a drop in profit due to weak oil prices, BP reported strong results from its U.S. shale segment and new momentum in the Gulf of Mexico.
US Offshore Wind Lease Sale Brings in Nearly $22MM in Winning Bids
Avangrid Renewables and Invenergy were the two provisional winners of four lease areas, according to the Bureau of Ocean Energy Management.
Report: Colonial Pipeline Considering $10B Sale
Colonial owns a 5,500-mile pipeline network which carries more than 100,000 gallons of fuel to an area stretching from Houston to New Jersey.
Exclusive: TPL Eyes Midland Growth to Replicate Delaware Basin Success
Texas Pacific Land CFO Chris Steddum discusses the company's approach to acquisitions in both the Delaware and Midland basins, and TPL's selective strategy when evaluating deals, in this Hart Energy Exclusive interview.
EQT Sells Remaining Pennsylvania Non-op Assets to Equinor for $1.25B
EQT’s Northeast Pennsylvania divestiture to Equinor is the second deal between the two companies this year following a large swap of Marcellus assets in April.
Quantum Raises $10B for Oil, Gas, Midstream, Energy Transition
Quantum Capital Group raised $5.25 billion for its private equity flagship, Quantum Energy Partners VIII. A source told Hart Energy that most of the firm’s capital has gone into oil and gas because it offers the best risk-adjusted returns.