Passage of Debt Bill Clears Way for MVP, Swifter Permitting for Infrastructure
The MVP natural gas pipeline and a swifter permitting process win as debt ceiling legislation weathers resistance from senators.
SUPER DUG: Enerplus Banks on ‘Underappreciated’ Bakken, Refracs
Enerplus COO Wade Hutchings expects the company to generate free cash flow of $475 million in 2023 with plans to launch refracturing efforts in the Bakken while easing down Marcellus Shale production.
Energy Investors Cheer Pipeline Provision in Budget Bill
A budget bill deal between Biden and McCarthy pushes pipeline construction and permitting reform and could potentially clear the way to finish Equitrans’ Mountain Valley Pipeline—news that catapulted the company’s stock.
Midyear Outlook: Will Crude and Gas Prices Rebound This Year?
Volatility exists in every corner of the market, but demand is the real wild card.
NextEra to Sell Eagle Ford, Pennsylvania Pipelines, Shift to Renewables Only
NextEra Energy Partners will first launch a process to sell its Eagle Ford assets in 2023 and its Pennsylvania assets in 2025, John Ketchum, NextEra’s chairman, president and CEO said.
Equinor ASA Reports Higher Appalachia and GoM Production
Equinor ASA’s E&P unit in the U.S. reported a 5% rise in production in the first quarter of 2023 compared to the same quarter a year ago thanks to higher volumes from the Gulf of Mexico and Appalachian Basin.
Energy A&D Transactions from the Week of May 3, 2023
Here’s a snapshot of recent energy deals, including Cresent Energy Co.'s $600 million Eagle Ford deal and more Enbridge natural gas storage transactions.
Antero Deepens Marcellus Inventory, Acreage in A&D Moves
Antero Resources about 12,000 net acres and more than 50 equivalent incremental drilling locations in the Marcellus at an average cost of $1 million per location.
Range Resources Flexing NGL Optionality as Nat Gas Prices Remain Low
As natural gas producers continue to face pressure from low prices, Range Resources is tapping its liquids-rich position in Appalachia and keeping production flat.
EIA: Permian Basin to Hit Record Oil, Gas Production in May
Crude and associated gas volumes coming from the Permian, the Lower 48’s premier shale play, are expected to hit new records in May, the U.S. Energy Information Administration reported.