Occidental Petroleum is exploring a sale of assets in the Barilla Draw region of Texas, which is located within the Delaware portion of the Permian Basin. This post appeared first on Hart Energy.
Read More...After facing regulatory scrutiny, Exxon Mobil closed a roughly $60 billion acquisition of Pioneer Natural Resources. The largest shale oil transaction ever signed will reshape the order of power in the vast Permian Basin oil field. This post appeared first on Hart Energy.
Read More...Mexico’s Pemex reported both lower oil and gas production and a 91% drop in net income in first-quarter 2024, but the company also reduced its total debt to $101.5 billion, executives said during an earnings webcast with analysts. This post appeared first on Hart Energy.
Read More...Two weeks ago, during the week of April 15 – 21, there were 16 new permits issued to drill in the Marcellus/Utica. Last week, for the week of April 22 – 28, there were 26 new permits issued. Finally! A little good news on the permit front. Snyder Brothers took the top prize with eight…
Read More...Gulfport Energy, the third-largest driller in the Ohio Utica Shale (by the number of wells drilled), reported its first quarter 2024 numbers earlier this week. The company drills Utica *and* Marcellus wells in Ohio. It also has an active drilling program in the Oklahoma SCOOP shale play. Gulfport’s net daily production for 1Q24 averaged 1,053.7…
Read More...Yesterday we told you that Ohio Attorney General Dave Yost is asking a Belmont County judge to find Austin Master Services (AMS) and Brad D. Domitrovitsch, who is in control of the company, in contempt for “failing to meet the court’s deadline to clean up the illegal levels of fracking waste stored at its recycling…
Read More...Antero Midstream, a separate company from Antero Resources (at least on paper, although it is managed by the same people), issued a press release yesterday to announce it had purchased a bolt-on acquisition of gathering and compression assets in the Marcellus Shale for $70 million from Summit Midstream Partners. The assets acquired include two compressor…
Read More...Dominion Energy wants to build a liquified natural gas (LNG) storage facility in Person County, North Carolina, to enhance natural gas service reliability for residential and business customers in the growing region (see NC Residents Freak Out Over Proposed Dominion LNG Storage Tank). Dominion studied several potential sites and collected a boatload of data during…
Read More...The completion of its acquisition of NuStar Energy allows Sunoco to realize at least $150 million of expense and commercial synergies and at least $50 million per year of additional cash flow from refinancing activity. This post appeared first on Hart Energy.
Read More...Last week at the World Energy Congress, a global event hosting thousands of the world’s most important energy stakeholders in the Netherlands, executives, experts, and diplomats all repeated the same message: the world needs to lower carbon emissions without compromising the supply of oil and natural gas. Whilst oil and natural gas is diversifying, millions
Read More...Targa Resources expects to take a final investment decision for the Apex pipeline out of the Permian Basin before the end of the year. This post appeared first on Hart Energy.
Read More...The 3-megawatt facility in Texas is expected to become the world’s first commercial geopressured geothermal system when it’s commissioned in December. This post appeared first on Hart Energy.
Read More...The analyst said that “they don’t seem to be particularly good actors.” Ben Dell, Kimmeridge Energy Partners managing partner, told Hart Energy that “our reputation is unparalleled.” This post appeared first on Hart Energy.
Read More...Delta Minerals LLC has retained EnergyNet for the sale of non-producing minerals in Bent, Cheyenne and Kiowa counties, Colorado. This post appeared first on Hart Energy.
Read More...Phillips 66 looks to boost renewable fuels production by 67% through the end of the second quarter 2024 at its Rodeo complex in San Francisco while weighing a potential divestiture of its retail marketing businesses in Austria and Germany. This post appeared first on Hart Energy.
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