We spotted some news on the investor website GuruFocus that surprised us. Major investment firm Wellington Management Group made “a significant” addition to its portfolio by acquiring 10,406,240 shares of Coterra Energy on Jan. 31. The company paid $27.72 per share, a $288 million investment. But that’s not the biggest surprise. Wellington already owned a…
Read More...At the end of the last legislative session in December, New York Gov. Kathy Hochul, an extremist liberal, signed into law a new climate bill forcing a short list of Big Oil companies to pay $75 billion in “recovery” assessments over the next 25 years for their alleged role in causing mythical global warming (see…
Read More...The GPA Midstream Association joins a number of states that have filed a suit against the implementation of a waste emissions charge. This post appeared first on Hart Energy.
Read More...These days, we feel like a kid in a candy shop, with the actions being taken by President Trump and his all-star cabinet picks. “Ooooo, I love this chocolate (gobble gobble gobble). Oh! I love this one too! (gobble gobble gobble). And what about this one!!” Pretty soon, the kid gets a stomachache from overeating…
Read More...We’ve been pretty hard on Equinor since 2018 when Statoil changed its name to Equinor, apparently ashamed of being associated with the term oil (see Statoil Gets a New Name Starting Today – Equinor). Equinor, which is based in and owned by Norway, is the largest supplier of energy to Europe. Equinor’s activities span 36…
Read More...MARCELLUS/UTICA REGION: Major increase in net outflows of gas from the northeast, as warmer weather cuts demand; OTHER U.S. REGIONS: Judge dismisses New Jersey’s NGO-funded climate lawsuit in fiery opinion; Why oil and gas companies want state oversight for carbon dioxide injection; New Jersey Gov. Phil Murphy’s administration gives up on new offshore wind; NATIONAL:…
Read More...Avant Natural Resources buys small, sells big and is loving every minute of it. This post appeared first on Hart Energy.
Read More...Following its $22.5 billion deal to buy Marathon Oil, ConocoPhillips is targeting $2 billion in asset sales— a goal a company executive said would largely be achieved this year. This post appeared first on Hart Energy.
Read More...Trans Mountain is looking at expansion projects in the short and long terms that could add between 200,000 bbl/d and 300,000 bbl/d of capacity to the company’s system. This post appeared first on Hart Energy.
Read More...PotlatchDeltic’s agreement with gives Tetra Brine Leaseco covers about 900 surface acres in Lafayette County, PotlatchDeltic says. This post appeared first on Hart Energy.
Read More...Mach Natural Resources priced a public offering of common units following the close of $29.8 million of assets near its current holdings in the Ardmore Basin on Jan. 31. This post appeared first on Hart Energy.
Read More...The campaign to bankrupt American energy producers via the courts took another blow on Wednesday with the dismissal of New Jersey’s climate lawsuit with prejudice. The judge’s opinion is already the third ruling of the year (following Anne Arundel, Annapolis, and New York City, as well as Baltimore in 2024) that has sent climate plaintiffs
Read More...Two weeks ago, MDN brought you the news about a mind-blowing announcement from the White House that OpenAI (ChatGPT), SoftBank, and Oracle have pledged to spend $500 billion (with a “b”) to build new data centers to support artificial intelligence (see AI, Data Centers Go Mainstream – Big Do at WH re $500B Investment). The…
Read More...If it weren’t for burning oil and coal in New England, the lights would have gone out during the recent cold snap in January. We read a startling statement from the U.S. Energy Information Administration (EIA) in a post from yesterday: “…on January 21, 2025, thermal plants that burn oil provided more electricity to the…
Read More...Yesterday, Rising Phoenix Capital, an investment firm specializing in oil and gas royalty acquisitions, announced the launch of the La Plata Peak Income Fund, a $20 million royalty fund. Rising Phoenix is looking for investors to buy into the fund. Once the company hits its target (maybe before), it will go on the hunt for…
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