Chris
Mathews
Hart Energy
‘Too Many’ Players: Oilfield Services Feel Permian M&A Crunch—Dallas Fed
After a historic run of E&P consolidation, oilfield services and equipment providers in the Permian are competing to woo a dwindling number of upstream customers, according to the second-quarter Dallas Fed Energy Survey.
Deal Change: BANGL Stake No Longer Part of Energy Transfer’s WTG Merger
NGL production in Texas is following a growth trend as it recovers from COVID-19, and the BANGL Pipeline's joint venture partners want in.
Fervo Executes Two Geothermal Agreements with Southern California Edison
The two 15-year power purchase agreements will provide carbon-free geothermal energy for the equivalent of 350,000 homes across Southern California.
Analysis: A Mountain of Asset Sales Loom After Oil Megamerger Era
U.S. oil and gas companies could face an uphill struggle to sell about $27 billion of assets to fund investor payouts over the next few years as the biggest wave of energy megamergers in 25 years nears the end of regulatory reviews.
Marketed: Anschutz Three-well Opportunity in Powder River Basin
Anschutz Exploration Corp. has retained EnergyNet for the sale of three wells in the Powder River Basin.
Bob Simpson-led TXO Partners Buys Williston Basin Assets for Nearly $300MM
TXO Partners, an upstream MLP founded by XTO Energy executive Bob Simpson, is acquiring assets in the Williston Basin—a region the XTO team knew quite well.
Pembina, Haisla Nation Take $4B FID on Cedar LNG
Pembina Pipeline Corp. and the Haisla Nation took a $4 billion final investment decision (FID) on the 3.3-mtpa Cedar LNG project. The project is expected to start operations in late 2028.
Ex-BP America Chair Dave Lawler to Lead Kimmeridge’s South Texas Gas E&P
Separately, Kimmeridge has purchased more than 90% control of Gulf Coast LNG developer Commonwealth LNG.
SLB, Ormat Technologies Form Geothermal Partnership
As part of the partnership, SLB also will license Ormat’s enhanced geothermal systems patent.
U.S. Energy Development Corp. Plans $750MM Permian-heavy Program
Fort Worth, Texas-based U.S. Energy Development Corp. continues to add to its operated footprint in the Permian’s Delaware Basin.