What Chevron’s Anchor Breakthrough Means for the GoM’s Future
WoodMac weighs in on the Gulf of Mexico Anchor project’s 20k production outlook made possible by Chevron’s ‘breakthrough’ technology. This post appeared first on Hart Energy.
Read More...Exclusive: Early Findings Show Untapped Potential in Barnett Exploration
Steven Jolley, Halliburton’s Permian Basin technical manager, gives insight into potential for new drilling opportunities around Andrews County and efficiencies operators are seeing within the Permian, in this Hart Energy Exclusive interview. This post appeared first on Hart Energy.
Read More...Crescent Energy Bolts On $905MM Central Eagle Ford Acreage
Crescent Energy will purchase Eagle Ford assets from Carnelian Energy Capital Management-backed Ridgemar Energy for $905 million, plus WTI-based contingency payments of up to $170 million. This post appeared first on Hart Energy.
Read More...Sliding Oil Prices Could Prompt Permian E&Ps to Cut Capex
A reduction in the rig count would also slow the growth of natural gas output from the region, benefitting gassy Gulf Coast players, according to Enverus. This post appeared first on Hart Energy.
Read More...Adkins: Saudi Cuts to Stay, EVs are Overrated and China Matters Less
Marshall Adkins, head of energy at Raymond James, isn’t buying the prevailing wisdom that weakening Chinese oil demand, EV encroachment and a potential OPEC supply increase are legitimate threats to the oil market. This post appeared first on Hart Energy.
Read More...WV Supreme Court Rules Antero CAN’T Deduct Royalty Expenses
There is an important development for landowners AND drillers in a class action case that began some seven years ago. A civil suit was brought by Harrison County oil and gas owners against Antero Resources Corp., claiming the company had deducted post-production costs from royalties not allowed under the leases they had signed. In 2022,…
Read More...Mountain Valley Pipeline’s Final Cost Pegged at Nearly $10 Billion
When EQT first announced it intended to build the Mountain Valley Pipeline (MVP), stretching from Wetzel County, WV, to Pittsylvania County, VA, the project came with an estimated price tag of $3.5 billion and an estimated completion date of 2018 (see Mountain Valley Pipeline Files FERC Appl, Now Just Matter of Time). By the time…
Read More...Austin Master Services Cleanup in Martins Ferry One-Third Complete
In July, the Ohio Dept. of Natural Resources (ODNR) opened up the shuttered Austin Master Services (AMS) radiological waste management solutions company in Martins Ferry (Belmont County), Ohio, to begin cleanup work at the facility (see Flurry of Activity at Austin Master Services Site in Martins Ferry). AMS is permitted by the ODNR to temporarily…
Read More...U.S. Begins Winter with Most Natural Gas in Storage Since 2016
According to the U.S. Energy Information Administration (EIA), working natural gas in storage in the Lower 48 states ended the natural gas injection season (Apr 1 – Oct 31) with 3,922 billion cubic feet (Bcf), the equivalent of 3.9 trillion cubic feet (Tcf). U.S. inventories are starting winter 2024–25 with the most natural gas since…
Read More...Prediction: NatGas Prices to Keep Rising into 2025 Due to Cold Wx
According to a Reuters analyst, natural gas prices in Asia, Europe, and North America have climbed by 30% to 50% in 2024 and are likely to keep rising over the coming months in early 2025 as forecasts for cold weather trigger higher heating demand in key consumer hubs. Although Europe entered the winter with “full”…
Read More...E&P Highlights: Dec. 2, 2024
Here’s a roundup of the latest E&P headlines, including production updates and major offshore contracts. This post appeared first on Hart Energy.
Read More...Marketed: Bison Energy 30-Well Package in Niobrara Shale
Bison Energy has retained EnergyNet for the sale of a 30 well package in Adams and Arapahoe counties, Colorado. This post appeared first on Hart Energy.
Read More...US Plans $7.5B Loan for Stellantis, Samsung JV for Battery Factories
If given the final go-ahead, Stellantis and Samsung’s StarPlus Energy joint venture will use the financing for lithium-ion battery cell and module manufacturing plants in Indiana. This post appeared first on Hart Energy.
Read More...GeoPark Signs SPA to Acquire Repsol’s Colombian Assets for $530MM
GeoPark Ltd. has signed a sale and purchase agreement with Respol Exploracion and Repsol E&P to acquire upstream oil and gas assets in Colombia. This post appeared first on Hart Energy.
Read More...Adkins: The Overhang of Excess Oil May Not Be All that Massive
Raymond James’ J. Marshall Adkins says the market is factoring in perceptions of OPEC excess capacity from countries such as Venezuela, Nigeria and Iraq that have yet to hit their production potential—and probably won’t anytime soon. This post appeared first on Hart Energy.
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