Energy Transfer Prevails Against Greenpeace, Wins $660MM in Damages
A jury in North Dakota has ruled in favor of Energy Transfer with a $660 million blow to environmental group Greenpeace.
Exxon’s Dan Ammann: Bullish on LNG as Permian Drilling Enters ‘New Phase’
Dan Ammann, Exxon Mobil’s new upstream president, is bullish on the long-term role of LNG in meeting global energy demand. He also sees advantages of scale in the Permian Basin.
Vitesse Energy Closes $220MM Acquisition of Bakken Pureplay Lucero
Vitesse Energy Inc. agreed to purchase Bakken E&P Lucero Energy Corp. in December in an all-stock transaction valued at $222 million.
Chord Drills First 4-Mile Bakken Well, Eyes Non-Op Marcellus Sale
Chord Energy drilled and completed its first 4-mile Bakken well and plans to drill more this year. Chord is also considering a sale of non-op Marcellus interests in northeast Pennsylvania.
Targa Buys Back Bakken Assets After Strong 2024
Targa Resources Corp. is repurchasing its interest in Targa Badlands LLC for $1.8 billion and announced three new projects to expand its NGL system during its fourth-quarter earnings call.
Kinder Morgan Completes Bakken G&P Acquisition from Outrigger Energy II
Kinder Morgan closed on a $640 million deal for a Bakken natural gas gathering and processing network in the Williston Basin.
Intensity Infrastructure Partners Pitches Open Season for Bakken NatGas Egress
Analysts note the Bakken Shale’s need for more takeaway capacity as Intensity Infrastructure Partners launches an open season for a potential 126-mile natural gas transport line out of the basin.
Halliburton-Backed Startup Espiku Nears Water Treatment Pilot
Oregon-based Espiku, in collaboration with Halliburton Labs, aims to help drillers reuse produced water and reduce disposal. The company is scouting potential pilot project sites in the Permian Basin, Bakken and North Texas.
E&Ps Pivot from the Pricey Permian
SM Energy, Ovintiv and Devon Energy were rumored to be hunting for Permian M&A—but they ultimately inked deals in cheaper basins. Experts say it’s a trend to watch as producers shrug off high Permian prices for runway in the Williston, Eagle Ford, the Uinta and the Montney.
Trump Ambiguous Whether Canadian-Mexico Tariffs to Include Oil
At a news conference, President Trump said that he would exclude oil from tariffs before backtracking to say that he “may or may not” impose duties on crude.