Growing Natgas Supply Up for Grabs, but Extra NGL Headed Overseas
The additional growth of the liquids export market will be tied to an unpredictable natural gas market, experts say.
Marubeni Acquires 50% Stake in Ozona’s Eagle Ford CCS Project
Japanese oil and gas producer Marubeni Corp. has acquired a 50% stake in Ozona CCS’ Eagle Ford Shale project in the Hawkville Field.
Hurricane Helene Shuts in Nearly 30% of GoM Crude Production
Bumped up to hurricane classification on Sept. 25, Hurricane Helene has shut in 29% of crude and 17% of natural gas production in the Gulf of Mexico as it nears landfall in Florida tomorrow.
Dallas Fed: Low Natgas Prices Force Permian E&Ps to Curtail Output
Falling oil prices, recession fears and the U.S. election cycle are weighing on an increasingly pessimistic energy industry, according to a new survey of oil and gas executives by the Federal Reserve Bank of Dallas.
EQT Plans to Reverse Some US Natgas Production Curtailments in Oct, CEO Says
EQT, the biggest U.S. natural gas producer, has along with other U.S. drillers curtailed output in 2024 after prices collapsed to multi-year lows in the spring following a mild winter that left a tremendous oversupply of fuel in storage.
Mach to Sell Additional Common Units to Fund A&D
Mach Natural Resources announced that the underwriters of its public offering of 7.27 million units have exercised an option to purchase an additional 1 million common units at $16.50 per unit.
Vivakor to Acquire Endeavor Crude Transport Cos. for $120MM
Vivakor said it is buying Endeavor Crude and related companies, which have a series of long-term strategic partnerships with customers in the Permian Basin, Eagle Ford Shale and the STACK play.
Oil, Gas Execs: To Scale Up CCS, Standardize
Executives from Aethon Energy, Aker Solutions, Chevron and NOV said efficiency and repeatability—not cramming new technologies into every venture—are key to lowering costs associated with capturing CO2.
EQT’s Rice: Three Mile Island Restart Not ‘Needle-Mover’ vs. Natgas
Microsoft Corp. will pay as much as $130 per megawatt-hour for the resurrected plant’s electricity that will carry a “carbon-free” label and a new name: Crane Clean Energy Center.
Sage, California Resources to Partner on Geothermal, Energy Storage
Sage Geosystems and California Resources Corp. signed of a memorandum of understanding to pursue subsurface energy storage and geothermal power generation in California.