U.S. oil production reached record levels to close out 2023. But the future of U.S. output hinges on E&P capital discipline and well-productivity trends in the Permian Basin, according to McKinsey & Co. This post appeared first on Hart Energy.
Read More...Subsea tieback expected to add 14,000 bbl/d of condensate by mid-year, and up to 4 MMcm/d of gas by 2028. This post appeared first on Hart Energy.
Read More...Global Infrastructure Partners, a Hess Midstream affiliate, will act as the selling shareholder and Hess Midstream will not receive proceeds from the public offering of shares. This post appeared first on Hart Energy.
Read More...For climate change catastrophists and “peak gas” proponents who read MDN, please tell us yet again how natural gas (and oil) are on the way out. Remind us of how unreliable renewables are taking the country by storm and that pretty soon (any year now), we won’t need natgas anymore. We need a good laugh!…
Read More...U.S. natural gas and power prices hit multi-year highs in mid-January with the prospect of frigid temps and snow storms in various portions of the country (see NatGas Prices Make Huge Jump on Deep Freeze – Some M-U Prices 4X). The NYMEX Henry Hub futures price hit $3.31/MMBtu just three weeks ago. A week later,…
Read More...Once a month, the analysts at the U.S. Energy Information Administration (EIA) issue the agency’s Short-Term Energy Outlook (STEO), their best guess about where energy prices and production will go in the next 12 months or so. We sometimes poke good-natured fun at the EIA because their predictions go up in one month, and in…
Read More...Peregrine Energy Partners, headquartered in Dallas, Texas, continues a program to buy royalty rights in the Marcellus/Utica and elsewhere. We have chronicled a number of Peregrine’s M-U purchases since 2019 (see our Peregrine stories here). Two years ago, Peregrine acquired one of its largest royalty positions in the Utica, spanning over 340,000 gross acres in…
Read More...Last November, MDN brought you the news that pipeline giant Williams had given the green light to proceed with a new Transco pipeline expansion project called the Southeast Supply Enhancement Project (see Transco Expansion to Add 1.4 Bcf/d Capacity to Flow M-U Gas South). The project was estimated to flow an extra 1.43 Bcf/d (billion…
Read More...Linde CEO Sanjiv Lamba on Feb. 6 said recent updates to U.S. Inflation Reduction Act subsidies for clean energy projects will not affect the company’s current projects in the United States. This post appeared first on Hart Energy.
Read More...President Biden’s LNG pause has amassed a range of negative reactions and concerns from across the political spectrum. In a House Subcommittee on Energy, Climate, and Grid Security hearing this week, members from both sides of the aisle agreed that Biden’s decision, directly and indirectly, affects the U.S. economy, energy security, global emissions reduction goals,
Read More...DNO will pay $70 million for Arran Field interests held by ONE-Dyas, and up to $5 million in contingency payments if certain operational targets are met. This post appeared first on Hart Energy.
Read More...At a Congressional hearing, EQT CEO Toby Rice blasted the Biden administration and said the same tactics used to stifle pipeline construction—by introducing delays and uncertainty—appear to be behind President Joe Biden’s pause on LNG terminal permitting. This post appeared first on Hart Energy.
Read More...DXP Enterprise’s purchase of Kappe, a water and wastewater company, adds scale to DXP’s national water management profile. This post appeared first on Hart Energy.
Read More...Tokyo Gas America Ltd. purchased a stake in the new firm, ARM Energy Trading LLC, one of the largest private physical gas marketers in North America. This post appeared first on Hart Energy.
Read More...Along with a $75 million share repurchase program, Midland Basin operator HighPeak Energy’s board also increased its quarterly dividend. This post appeared first on Hart Energy.
Read More...