Williams Denies Seeking Buyout of Targa
Williams denied reports from anonymous sources that Targa had rebuffed “informal” interest from Williams. This post appeared first on Hart Energy.
Read More...Mach Taps Equity Markets to Fund $136MM in Midcontinent M&A
Mach Natural Resources is offering to sell common units to fund two pending acquisitions in the Ardmore and Anadarko basins. This post appeared first on Hart Energy.
Read More...Brent Crude Falls $1/bbl on Demand Fears
Brent crude oil prices fell to $72.75 on Sept. 4 on fears about demand in the coming months as crude producers offered mixed signals about supply increases. This post appeared first on Hart Energy.
Read More...TXO Partners Closes Williston Basin Acquisition for $296MM
MLP TXO Partners reported in regulatory filings that it had closed a 159,000 net acre acquisition in North Dakota and Montana for cash and units. This post appeared first on Hart Energy.
Read More...ADNOC to Acquire Stake in Exxon’s Hydrogen, Ammonia Facility
Exxon’s Baytown facility is expected to produce up to 1 Bcf of hydrogen daily and more than 1 million tons of low-carbon ammonia per year, if it receives required regulatory permits and government policy support. This post appeared first on Hart Energy.
Read More...EOG Tells Conf Attendees It Is Now Ramping Up Ohio Utica Drilling
We’ve been waiting for this! For the past few years, since EOG Resources acknowledged it had quietly amassed nearly half a million acres of leases in the Ohio Utica Shale, the company has been experimenting with crude oil drilling in the Utica. Each quarter EOG’s managers have sung the praises of the Utica (see EOG…
Read More...Pennsylvania Drillers Defeat Landowner Lawsuit After 9 Years
In 2015, a group of nearly 60 landowners in northeastern Pennsylvania who had leased their land for fracking filed a lawsuit against Chesapeake Energy, Anadarko, Statoil (now Equinor), Mitsui E&P, and Access Midstream (later bought by Williams), alleging the companies had improperly deducted post-production costs (e.g., gas gathering and transportation expenses) from royalties owed to…
Read More...Biden-Harris Bribe Pa. with Check for $76 Million to Plug Old Wells
What’s your price, Pennsylvania oil and gas industry? Are you willing to sell yourselves to the Democrats for $152 million (revised down to $114 million) in bribes? How about if Biden-Harris sweetens the pot and rushes a check for $76 million to the state, as they did yesterday? Can you not see through this sleazy…
Read More...Cecil Twp Proposes Ban on New Shale Drilling via 2,500-Ft Setback
The Board of Supervisors for Cecil Township in Washington County, PA, has caved to pressure from radical leftists and is floating a plan to effectively ban all new shale drilling in the township by increasing setbacks from “protected structures” from 500 feet to 2,500 feet (a half a mile!). The supervisors will hold a special…
Read More...Good News! U.S. LNG Exports On Track to More Than Double by 2028
According to the U.S. Energy Information Administration (EIA), North America’s liquefied natural gas (LNG) export capacity is on track to more than double between 2024 and 2028, from 11.4 billion cubic feet per day (Bcf/d) in 2023 to an astonishing 24.4 Bcf/d in 2028! That is, if all the projects currently under construction begin operations…
Read More...Beyond Energy: EnergyNet Expands Marketplace For Land, Real Assets
A pioneer in facilitating online oil and gas A&D transactions, EnergyNet is expanding its reach into surface land, renewables and other asset classes. This post appeared first on Hart Energy.
Read More...TGS Releases Illinois Basin Carbon Storage Assessment
TGS’ assessment is intended to help energy companies and environmental stakeholders make informed, data-driven decisions for carbon storage projects. This post appeared first on Hart Energy.
Read More...Weatherford Announces Acquisition of Technology Company Datagration
The acquisition gives Weatherford International digital offerings for production and asset optimization and demonstrates its commitment to continuously driving innovation across its technology portfolio, the company said. This post appeared first on Hart Energy.
Read More...Pennsylvania Dropped 3 Rigs Last Week, Lowest Count in 2.5 Years
The big news (for us) with the weekly Baker Hughes rig count is that last week, Pennsylvania laid down its use of three active drilling rigs, resulting in the lowest rig count in the state in 2 1/2 years. PA now operates 18 active rigs, down from 21 the week prior. The last time PA…
Read More...WV Chips in $10M to Attract $125M Hydrogen Project to Mason County
Mason County, WV Last Friday, the West Virginia Economic Development Authority (EDA) approved spending up to $10 million in an economic incentive package for a project that Babcock & Wilcox (B&W) has proposed. B&W plans to invest $125 million in WV’s Mason County to build a hydrogen production facility. One of the inputs (feedstock) for…
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