Analyst: Public E&Ps Race to Stay Relevant in a Consolidating Energy Market
A shrinking pool of opportunities is leading to scarcity and driving the rising valuations for crude E&Ps in the current A&D market, said TD Cowen analyst David Deckelbaum at Hart Energy’s A&D Strategies and Opportunities Conference.
South Dakota High Court Rejects Eminent Domain Power for CCUS Pipeline
The South Dakota Supreme Court justices have placed yet another roadblock in the way of Summit Carbon Solutions’ highly contested carbon capture pipeline project.
Dividends Declared the Week of Oct. 21
With third-quarter 2024 earnings underway, here is a compilation of dividends declared from select midstream and service and supply companies in the week of Oct. 21.
Baker Hughes: US Oil, Gas Rig Count Steady This Week, Down Two in October
U.S. energy firms kept the number of oil and natural gas rigs unchanged this week.
Northern’s O’Grady: Most of ‘Best’ Acres ‘Already Been Bought’
Adding new-well inventory going forward will require “exploration or other creative measures,” said Nick O’Grady, whose Northern Oil and Gas holds interests in 10,000 Lower 48 wells.
Northern Scores Early Mover Advantage with $2.6B Uinta Basin Deal
Northern Oil and Gas CEO Nick O’Grady said the Uinta Basin has stayed off the radar but a time may come when Utah’s best kept secret starts to heat up in the M&A market.
New Fortress Energy Appoints New President
New Fortress Energy Inc. has appointed Andrew Dete, managing director, to the role of president.
Shell to Buy New England Gas-fired Power Plant
Shell already had a market agreement with RISEC Holdings for all of the electricity the 609-MW Rhode Island plant produced.
BP Energy Partners Invests in Pipeline Inspection Company Novitech
BP Energy Partners will invest in Novitech, whose Micron Technology is a leading pipeline inspection technology in the energy industry.
Matador May Tap Its Haynesville ‘Gas Bank’ if Prices Stabilize
The operator holds 8,900 net Haynesville Shale acres and 14,800 net Cotton Valley acres in northwestern Louisiana, all HBP, that it would drill if gas prices stabilize—or divest for the right price.