Since September, Post Oak Energy Capital has backed new portfolio companies in the Permian Basin and Haynesville Shale and made an equity commitment to Utica Shale E&P Tiburon Oil & Gas Partners. This post appeared first on Hart Energy.
Read More...The planned sale could fetch upwards of $500 million, two sources told Reuters. They said it was part of Exxon’s efforts to focus on assets with the highest growth potential after a $60 billion takeover of rival Pioneer Natural Resources in May. This post appeared first on Hart Energy.
Read More...Funding sources are evolving as reserve-based loans remain limited. This post appeared first on Hart Energy.
Read More...3P Energy Capital’s Founder and Managing Partner Christina Kitchens shares insight on the “educational process” of operators looking at opportunities in the U.S. and how E&Ps looking for capital can interest family offices, in this Hart Energy Exclusive interview. This post appeared first on Hart Energy.
Read More...Another major roadblock from the federal government threatens the flourishing American LNG industry. On August 6, 2024, the U.S. Court of Appeals for the D.C. Circuit issued an order vacating the Federal Energy Regulatory Commission’s (FERC) authorization of NextDecade Corporation’s Rio Grande LNG (RGLNG) facility at the Port of Brownsville. The court’s ruling against FERC
Read More...Once again, the bottom dropped out of the Pennsylvania Marcellus rig count. PA lost two rigs last week, down to just 13 active rigs, the lowest the PA rig count has been since July 2016. That’s the lowest rig count for PA in more than eight years, lower than the deep dark days of the…
Read More...The U.S. Court of Appeals for the Sixth Circuit (6th Circuit) slammed the brakes on a pipeline project in Tennessee on Friday. In January, the Federal Energy Regulatory Commission (FERC) issued a certificate of public convenience for Kinder Morgan’s Tennessee Gas Pipeline (TGP) subsidiary to build the Cumberland Project, a 32-mile, 30-inch pipeline to feed…
Read More...Yesterday, the AI Horizons Summit was held in Pittsburgh. Home to the world’s #1 AI school, Carnegie Mellon, the inaugural summit showcased how human-first AI (artificial intelligence) can be commercialized to benefit society. AI is still in the early stages of adoption, but according to speakers at the event, AI will one day be baked…
Read More...PJM Interconnection is the largest U.S. power grid operator, serving 65 million people in 13 states plus the District of Columbia (including PA, OH, and WV). PJM supplies power to more than 20% of the U.S. economy. The organization issued its annual Winter Outlook yesterday. The analysis says PJM and its members have adequate resources…
Read More...MDN is not a stock-picking service. However, from time to time, we mention the performance of a given company’s stock price if it is unusual or relevant to our audience. We spotted an article by Bloomberg about CNX Resources’ stock price. Last Friday, CNX’s stock hit what Bloomberg calls “a 10-year high,” closing at $36.29….
Read More...Mexico’s state-owned Pemex has shut-in three units at its 320,000 bbl/d Deer Park refinery after a hydrogen sulfide leak injured 35 and left two dead. This post appeared first on Hart Energy.
Read More...Here’s a roundup of the latest E&P headlines, including another delay at one of the largest gas fields in the world and two major contracts in West Africa. This post appeared first on Hart Energy.
Read More...Geopolitical tensions around the world are an ongoing wildcard for oil prices in the near-term, according to BOK Financial Securities’ Dennis Kissler. U.S. producers will have to pivot off of whatever hand they are dealt. This post appeared first on Hart Energy.
Read More...WhiteHawk Energy, in pursuit of a merger with PHX Minerals for at least 18 months, has proposed an offer representing a 17% premium to the mineral company’s 30-day average weighted price. This post appeared first on Hart Energy.
Read More...Halliburton’s Nathan Snoke said the company’s 105 years of experience focused on the subsurface enables it to store hydrogen underground and at a lower cost. This post appeared first on Hart Energy.
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