WaterBridge called an open season for commitments to support construction of new produced water pipelines in the northern Delaware Basin, the company announced April 1. The Speedway Pipeline project consists of two 30-inch diameter transport and gathering pipelines, extending across Lea and Eddy counties in New Mexico. The line will transport produced water away from high-activity and high-production areas experiencing rising pressures. WaterBridge will transport the produced

Ring Energy closed the acquisition of Central Basin Platform (CBP) assets from Lime Rock Resources IV on March 31. The Woodlands, Texas-based Ring added 2,300 boe/d (80% oil) of net Permian production from 101 wells through the deal. Announced in late February , the $100 million acquisition from private equity firm Lime Rock Resources included 17,700 net acres (100% HBP) in Andrews County, Texas, adjacent to Ring

As natural gas demand grows and prices rise, operators are looking at the Haynesville Shale to fill the supply gaps. “The time has come for the Haynesville,” BP CEO Murray Auchincloss said during the CERAWeek by S&P Global conference in March. But just how much gas does the Haynesville have left in the tank, and how many drilling rigs will it take to meet the rising demand? The current

Boaz Energy II LLC and its affiliate Boaz Energy II Royalty LLC has completed the sale of PermRock Royalty Trust’s underlying oil and gas properties to T2S Permian Acquisition II LLC, PermRock said March 31. The sale was announced in January. The assets include 31,354 gross (22,394 net) acres across four operating areas in the Permian Basin—Clearfork, Abo, Shelf and Platform, according to a March 28

Canada-based Jericho Energy Ventures is starting a data center business centered upon the company’s access to 40,000 acres of natural gas-producing property in Oklahoma, the company announced March 31. The project, which Jericho calls a “modular data center business,” will be run out of the company’s Tulsa offices. “By aligning our energy resources with the booming demand for modular AI computing infrastructure, we aim to

When Corey Pattison was working on climate initiatives at the World Bank, a consensus was building around the idea that carbon capture and storage (CCS) was key to reaching the world’s carbon goals. The U.N. Intergovernmental Panel on Climate Change said as much in 2018, and other organizations agreed. But Pattison noticed that progress on one front was far ahead of progress on the other. The investments and

Nissa Darbonne: Hi, thank you for joining us. I'm Nissa Darbonne, Hart Energy's executive editor-at-large. We're visiting with Carl Isaac, CEO of Sabine Oil & Gas , which is Osaka Gas’ pure play Haynesville producer. We are here at DUG Gas Haynesville 2025 in Shreveport, Louisiana. Carl, thank you so much for joining us. Carl Isaac, CEO, Sabine Oil and Gas: Thanks for having me. ND: Carl

TG Natural Resources (TGNR) is the winning bidder against other Haynesville Shale E&Ps in year-long negotiations with Chevron Corp . for what is considered the last block of undeveloped Haynesville leasehold. TGNR will pay $525 million for 70% interest in the property, Chevron Corp. reported. Of this, Chevron will receive $75 million in cash and $450 million as a capital carry to fund D&C of the leasehold’s

Sempra Energy plans to sell some of the company’s natural gas assets to raise capital for oncoming growth of its Texas and California utilities, the company announced in a press release on March 31. The company plans to sell assets in Mexico and a minority stake in Sempra Infrastructure Partners to support its five-year capital campaign focused on U.S. utilities. Growing power demand in Texas requires the

Latin American oil and gas producer GeoPark Ltd. is selling non-core assets in Colombia and Brazil. The company will also consider future sales in Ecuador. Bogota, Colombia-based GeoPark will offload interests in the non-operated Llanos 32 Block in Colombia and Manati gas field in Brazil, the company announced March 31. GeoPark will sell the assets for an aggregate total consideration of $20 million, net of $12 million

Japan's biggest city gas provider Tokyo Gas  will buy a stake in a shale gas development in Texas from U.S. energy giant Chevron in a deal estimated to be worth tens of billions of yen, the Nikkei reported on March 31.

BlackRock Inc. ’s Larry Fink wants expanded and reliable U.S. and EU power grids—and now, not 10 or 20 years from now. “We need energy pragmatism,” Fink, the co-founder, chairman and CEO of the $12 trillion investment management firm, wrote in his annual letter to shareholders March 31. “That starts with fixing the slow, broken permitting processes in the U.S. and Europe. But it also means

From the next iteration of the Petrojarl I to a new CFO for pipe maker Strohm, below is a compilation of the latest headlines in the E&P space. Activity CNOOC Discovers Oilfield in South China Sea CNOOC has made a major oil discovery in the deep and ultradeep plays of the South China Sea’s Huizhou 19-6, which has an average water depth of approximately 100 m. CNOOC

Kimmeridge’s Mark Viviano needed only five words to describe the current energy market landscape. “Something I never thought I’d say in my career, but ‘ golden age of natural gas ,’” he said onstage during the CERAWeek by S&P Global conference in March. Oil has been the focus of drilling efforts and M&A activity since U.S. natural gas prices crashed in late 2022. But natural gas is

A federal appeals court denied a protest brought against the government’s approval of a project meant to supply natural gas to Woodside Energy’s Louisiana LNG export facility. The Federal Energy Regulatory Commission (FERC) performed the required work for the project, the court said in ruling against the claims an environmental impact study was insufficient. The case goes back to April 2023, before Australian-based Woodside bought the project

Kimmeridge Texas Gas (KTG) is looking to double its Gulf Coast production to 1 Bcf/d in the coming years, possibly by adding Haynesville acreage “at some point when an opportunity makes sense,” CEO Dave Lawler said. That’s “part of the reason I'm here today,” Lawler told Hart Energy’s DUG Gas Conference & Expo attendees recently in Shreveport, Louisiana, the capital of the Haynesville shale-gas play. The

OPAL Fuels Inc. completed its sale of Inflation Reduction Act (IRA) investment tax credits for $8.9 million, according to a March 31 press release. The credits were generated from the Sapphire RNG facility, a joint venture 50% owned by OPAL. The sale’s proceeds will contribute to OPAL’s net income and operating cash flow, the company said. This marks the company’s second IRA tax credit sale, that

Fund manager Norwegian Norges Bank Investment Management has acquired a 49% stake in two North Sea wind farms in a €1.4 billion (US $1.5 billion) deal with RWE , the energy company said March 31. The transaction, expected to close in third-quarter 2025 pending customary approvals, includes the Nordseecluster wind farm in the German North Sea and the Thor wind farm in the Danish North Sea. Both projects

The price of Brent crude reached $73.34 on Thursday before ending the week at $72.54 after closing the previous week at $72.11 . The price of WTI ended the week at $69.04 after closing the previous week at $68.30. The price of DME Oman crude ended the week at $75.01. WAOP 3-31-25 At the beginning of last week, we expressed the view that

WhiteHawk Energy upped its ownership stake in the Marcellus Shale with a $118 million acquisition. The royalties transaction doubles Philadelphia-based WhiteHawk’s ownership interests on a portion of its Marcellus portfolio, the company said March 31. The assets, covering approximately 475,000 gross unit acres, are concentrated in Washington and Greene counties, Pennsylvania. The seller was not disclosed. WhiteHawk said the assets are 95% operated by top Marcellus producers