Chris
Mathews
Hart Energy
Shale Outlook: The World Calls on US LNG. Can the Haynesville Answer?
Booming production and proximity to Gulf Coast export terminals weigh in the play’s favor.
US Buys Another 3 MMbbl of Oil for Strategic Petroleum Reserve
The 3 MMbbl of oil are being purchased for an average of $77.31/bbl, below the average of about $95/bbl that SPR crude was sold for in 2022.
Williams Buys Gulf Coast Natgas Storage for $1.95B
Williams purchase of 115 Bcf of natural gas storage capacity from Hartree Partners ties in with LNG terminals and comes as demand for natural gas has grown by 56% while gas storage capacity has increased by only 12%.
Shale Outlook: Scarce Inventory to Drive Upstream M&A in ‘24
Permian Basin well productivity has trended down. Top-tier drilling locations are scarce. Capital is at a premium. E&Ps need low-cost inventory and scale, and they’re willing to pay big bucks to get them.
AEP to Net $115MM After Sale of New Mexico Solar Assets
American Electric Power and PNM Resources plans to sell 15 solar projects totaling 625 megawatts to Exus for approximately $230 million.
Big Oil Enters 2024 Strengthened by Shale M&A
Following M&A in 2023, four companies are now positioned to control about 58% of future production in the Permian Basin.
Letter From the Editor: Cause for Consolidation
Shareholder demands for capital discipline and market resistance to its allure are forcing U.S. oil and gas companies to find an alternative growth strategy: consolidation.
Energy Transition in Motion (Week of Dec. 22, 2023)
Here is a look at some of this week’s renewable energy news, including RWE’s move to acquire three offshore wind projects for about $1.2 billion.
OEG Renewables Contracted for Offshore Taiwan Wind Project
OEG Renewables will deliver turnkey marine coordination solutions for the 1,022- megawatt Hai Long wind project offshore Taiwan.
Vital Energy Deal Adds Permian Basin Working Interests
Vital Energy said it had added working interests from Henry Resources in a deal valued at $55 million.