Even though gas rig counts are currently up, analysts say drillers have been cutting rigs in some shale basins, especially the Haynesville due to higher production costs.
Here’s a snapshot of recent energy deals, including Canadian Pacific Railway’s $27 billion acquisition of Kansas City Southern, the only single-line crude-by-rail railroad connecting Canada, the U.S. and Mexico.
EnCap private equity veteran Brad Thielemann discusses the role of private equity in traditional oil and gas investing — including the need to ramp up investments to meet demand — as well as its trajectory for financing the transitions ahead.
Despite recent price volatility, natural gas output from key regions including the Permian and Haynesville is expected to grow from March to April, according to the Energy Information Administration.
The average full-cycle breakeven for U.S. shale basins is approximately $54/bbl, while the average for public E&Ps and private operators is $53/bbl and $58/bbl, respectively, Wells Fargo said, citing Rystad Energy data.
Chesapeake's COO said consistency in political messaging is what’s needed to make the mega-billion-dollar commitments to get the resource to markets.
Principal Solar said it has executed a letter of intent to acquire controlling working interest and that a 2022 reserve report set the assets’ oil reserves value at approximately $116 million.
Calgary-based midstream giant Enbridge is investing billions to grow its oil and gas pipeline network and storage capacity, President and CEO Greg Ebel told Hart Energy.
Crude output in the Permian Basin in Texas and New Mexico, the biggest U.S. shale oil basin, is expected to rise to 5.62 MMbbl/d. Though that would be a record high, oil output from the region is expected to gain by 26,000 bbl/d from the previous month, it’s also the smallest increase since last December, the data showed.
Resource Minerals, LLC has retained TenOaks Energy Advisors for the sale of certain mineral and royalty properties located in the Eagle Ford.