Claims against Venture Global LNG’s Calcasieu Pass could cost up to $5.4 billion over 6 mtpa of disputed LNG sales, according to Jefferies Group analysts. This post appeared first on Hart Energy.
Read More...Returns in America’s modest, middleweight oil play, are above the Bakken and Eagle Ford, but rank below the Midland, Delaware and Denver-Julesburg basins, Enverus reported. This post appeared first on Hart Energy.
Read More...Matador Resources’ 19 lenders unanimously approved a 30% increase to the E&Ps borrowing base to $3.25 billion. This post appeared first on Hart Energy.
Read More...The Quaise Energy-Nevada Gold Mines partnership looks to retrofit a fossil fuel power plant into the first commercial plant changed to suit geothermal heat. This post appeared first on Hart Energy.
Read More...Aris Water Solutions has some answers to one of the Permian’s biggest headwinds—produced water management—but there’s still a ways to go, said CEO Amanda Brock at the DUG Executive Oil Conference & Expo. This post appeared first on Hart Energy.
Read More...A Pennsylvania Department of Environmental Protection (DEP) inspector showed up at Stonehaven Energy’s Class IID “Latshaw 9” oil and gas wastewater injection well in Cranberry Township, Venango County, on Nov. 27 for a routine inspection. He found the well is not in use and hasn’t been in use since March 2023. The well was inspected…
Read More...Yesterday, the Pennsylvania Independent Fiscal Office (IFO) released its latest quarterly Natural Gas Production Report for July through September 2024 (full copy below). There were 63 new horizontal wells spud (drilled) in 3Q24, the same exact number as in 2Q24, but 3Q’s number was a decrease of 39 wells (-38%) compared to the third quarter…
Read More...According to an extensive report appearing on the World Oil website (and in the November issue of the magazine), multiple possible futures lie ahead for the Marcellus and Utica shales. So, which future will come to pass? Today, both industry and government see the Marcellus and Utica formations as tremendous opportunities for companies and state…
Read More...Three weeks ago, MDN told you that Coterra Energy, formed in 2021 by the merger of the Marcellus-focused Cabot Oil & Gas and the Permian/Anadarko-focused Cimarex Energy, has succumbed to the siren song of more oil drilling (see Siren Song: Coterra Energy Buys Permian Assets for $4 Billion). Coterra is buying “certain assets of Franklin…
Read More...In October, Diversified Energy Company (formerly Diversified Gas & Oil) announced it had signed a deal to supply 40 billion cubic feet (Bcf) of natural gas over three years to a “major Gulf Coast LNG facility” for exporting (see Diversified Energy Signs Deal to Supply NatGas for LNG Exports). Diversified hasn’t disclosed which Gulf Coast…
Read More...Wednesday’s House Oversight and Accountability hearing will take a closer look at the motivations behind the Biden administration’s LNG pause and will likely see Department of Energy Assistant Secretary of Energy for Fossil Energy and Carbon Management Brad Crabtree face pointed questioning about the status of DOE’s study of the climate, economic, and other impacts
Read More...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...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 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...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.
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