Delek to Sell Retail Business to FEMSA for $385MM
Delek US Holdings will sell its subsidiary, Delek US Retail, to Mexico conglomerate FEMSA in a bid to unlock value, Delek’s CEO said. This post appeared first on Hart Energy.
Read More...Chevron Moving HQ, CEO from California to Houston
Chevron Chairman and CEO Mike Wirth and Vice Chairman Mark Nelson will relocate to Houston, where much of Chevron’s other top leadership is already based. This post appeared first on Hart Energy.
Read More...ConocoPhillips’ Blowout: Permian, Eagle Ford, Bakken Output Rises
ConocoPhillips reported a notable uplift in Eagle Ford Shale production during the second quarter, while volumes in the Permian, Bakken and Canada’s Montney Shale also grew. This post appeared first on Hart Energy.
Read More...Appalachian Hydrogen Hub Secures Funding, Moves to Phase 1
Nearly one dozen projects, including ones by EQT Corp. and CNX Resources, are part of the Battelle-led hub in West Virginia, Ohio and Pennsylvania. This post appeared first on Hart Energy.
Read More...Occidental Closes $12 Billion Acquisition of CrownRock
Occidental has already started the process of reducing debt incurred through its acquisition of CrownRock LP with an $817 million sale in late July of Delaware Basin assets to Permian Resources. This post appeared first on Hart Energy.
Read More...Rising Phoenix Expands Oil, Gas Portfolio with D-J Basin Deal
The Denver-Julesburg Basin deal, which closed July 31, marks Rising Pheonix Royalties’ first non-operated drilling acquisition. This post appeared first on Hart Energy.
Read More...APA Ratchets Up Permian Activity to Stoke US Oil Growth
APA Corp. expects an 8% uptick in its U.S. oil production in fourth-quarter 2024 compared to second-quarter 2024 as the company continues to connect more wells in the Permian Basin. This post appeared first on Hart Energy.
Read More...North Sea Oil and Natural Gas Production In Further Jeopardy As New UK Government Announces Another Windfall Tax Increase
The U.K.’s new chancellor, Rachell Reeves, recently announced that the windfall tax (formally known as the Energy Profits Levy) will be increased to 38 percent (up from 35 percent) on November 1, bringing the rate of tax on upstream oil and gas activities to 78 percent. The tax will also be extended to 31 March
Read More...Oxy: Ecopetrol Declines to Buy Interests in Permian E&P CrownRock
Following discussions between Permian joint venture partners Occidental Petroleum and Ecopetrol, the Colombian oil company declined to acquire a 30% stake in CrownRock LP’s Midland Basin assets. This post appeared first on Hart Energy.
Read More...New Major Permian NatGas Blackcomb Pipeline Reaches FID
WhiteWater Midstream announces a joint venture to build the 2.5 Bcf/d Blackcomb pipeline, which would offer a new connection from the Permian Basin to South Texas. This post appeared first on Hart Energy.
Read More...Before Harris Flip-Flopped on Fracking, Confusion Reigned On Her Climate Litigation Stance. Has It Changed?
As the now-presumptive Democratic nominee for president, Vice President Kamala Harris is already attempting to walk back her past anti-energy rhetoric to win over voters in energy-producing states like Pennsylvania. Most recently, Harris’ campaign reversed her antagonistic stance towards fracking – which she made on the record repeatedly as a candidate herself – stating that she does not support a nationwide ban on
Read More...Big Barrels: Meet Ohio’s New Utica Oil Play
After a false start in the early 2010s that went underwater with overwhelmingly low oil and associated-gas prices, a new group of Ohio drillers is going after the Utica’s volatile oil window. They’re talking now. Here’s what they’re up to. This post appeared first on Hart Energy.
Read More...Silver Hill Closes Fourth Oil, Gas Fund with $1.13B in Commitments
Silver Hill’s portfolio consists of operations across 55,000 net acres in East Texas and North Louisiana and 86,000 net acres in North Dakota. This post appeared first on Hart Energy.
Read More...As Chevron Deal Delays, Hess’ Bakken Oil Production Spikes 17%
Hess Corp. is producing and spending more as it awaits completion of Chevron’s proposed $53 billion acquisition, helping the E&P lift volumes in the Bakken and offshore Guyana. This post appeared first on Hart Energy.
Read More...DC Circuit Libs Reverse FERC Approval of Transco Northeast Expansion
This is so frustrating. A panel of three extremely liberal (wildly left) Democrat judges sitting on the U.S. Court of Appeals — two appointed by Joementia and the other appointed by Lord Obama — have overturned a Federal Energy Regulatory Commission (FERC) approval of the $1 billion Transco Regional Energy Access Expansion (REAE) project that…
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