Freeport LNG Not to Reach Full Capacity until March 2023
Freeport LNG pushes back original timelines for the expected partial and full restart of its Texas liquefaction facility that went offline in early June due to a fire.
Marketed: Titan Rock Operated East Texas Properties
Titan Rock Exploration & Production retained TenOaks Energy Advisors for the sale of a gas-weighted position comprising operated properties located in East Texas.
E&P Highlights: Aug. 22, 2022
Here’s a roundup of the latest E&P headlines including new field updates and product announcements from the past week in the upstream oil and gas industry.
Tellurian Completes $125 Million Acquisition of Private Haynesville Producer
The cash consideration at closing for private Haynesville producer EnSight was $125.5 million, revised from the announced $125 million due to preliminary purchase price adjustments, a release from Tellurian on Aug. 18 said.
Energy A&D Transactions from the Week of Aug. 17, 2022
Here’s a snapshot of recent energy deals including the sale of Laredo Petroleum’s Howard County properties in the Permian Basin to Northern Oil and Gas for $110 million.
On the Market Oil and Gas Quicklist (Week of Aug. 17, 2022)
Here’s a quicklist of oil and gas assets on the market including Chevron U.S.A. Eddy County, New Mexico, operations and HBP leasehold in the Permian Basin plus Crystal Energy nonoperated Williston Basin properties.
EOG, Comstock, Murphy Oil Disclose A&D Deals in Earnings Reports
U.S. independent oil and gas producers EOG, Comstock and Murphy Oil reported A&D in the Midcontinent, Rockies, Haynesville Shale and offshore amid a sporadic first half of dealmaking.
EIA: Permian Oil Output to Reach Record High in September
Big production increases are also expected in other major plays, including Eagle Ford, Bakken, Appalachia and Haynesville, the agency said.
US Offshore Oil Output to Restart After Pipeline Fix
On Aug. 11, a Shell-operated pipeline leaked approximately 2 bbl of oil into the U.S. Gulf of Mexico.
Freeport LNG Plant in Texas Still Pulling in Natgas to Produce Power
Despite Freeport LNG's liquefaction plant closing in June due to a fire, the company reported pulling in small amounts of natural gas to fuel a power plant.