E&P Highlights: Aug. 5, 2024
Here’s a roundup of the latest E&P headlines, including new oil discoveries and an implementation of AI technology in operations offshore United Arab Emirates. This post appeared first on Hart Energy.
Read More...Shell Targets Start of Canadian LNG Export Project in Mid-2025
Shell expects first production to flow from Kitimat-based LNG Canada in mid-2025, the company’s CEO Wael Sawan said Aug. 1 during the company’s second quarter 2024 webcast. This post appeared first on Hart Energy.
Read More...Helmerich & Payne Announces New CFO J. Kevin Vann
H&P’s current CFO Mark W. Smith is set to retire Aug. 15. This post appeared first on Hart Energy.
Read More...Coterra 2Q – Trimming Another 325 MMcf/d of Marcellus Gas
Coterra Energy, formed by the merger of Cabot Oil & Gas (drills for natural gas in the Marcellus) and Cimarex Energy (drills for oil in the Permian and Anadarko basins), issued its second quarter 2024 update on Friday. The company turned in respectable financial numbers, making a profit of $220 million in 2Q24, up 5%…
Read More...Antero 2Q – NatGas Production Down 4%, Liquids Up 10%, 11 New Wells
Antero Resources, which is 100% focused on the Marcellus/Utica with over 500,000 net acres under lease (and the largest M-U driller in West Virginia), issued its second quarter 2024 update last week. The company reports net production averaged 3.4 billion cubic feet equivalent per day (Bcfe/d) during 2Q24, an increase of 1% year-over-year (i.e., pretty…
Read More...Eureka Resources Cancels Shale Wastewater Plant Planned for Dimock
In March 2021, Eureka Resources announced plans to build a Marcellus Shale wastewater treatment facility in Dimock (Susquehanna County), Pennsylvania (see Eureka Building Marcellus Wastewater Recycling Plant in Dimock, PA). Yep, that Dimock, the one made famous by the lying Josh Fox of Gasland fame. Both Dimock Township and the Susquehanna County Planning Commission gave…
Read More...Shell CEO: Monaca Cracker Plant Not Fully Operational Til 2025/26
During last week’s second quarter update conference call by oil and gas giant Shell, the CEO, Wael Sawan, had some interesting comments about the mighty Shell ethane cracker in Monaca (Beaver County), PA. Sawan praised progress at the plant but then said it would be 2025 or 2026 before the plant would be “fully operational.”…
Read More...The Story of Utica Oil Part 2: Infinity Natural Res. Comes for Oil
Writing for Hart Energy’s Oil and Gas Investor magazine, author Nissa Darbonne penned a fabulous overview of the Utica, bringing us the history of oil drilling in Ohio (in the 1800s) all the way up to the present day and Encino Energy’s dominance in oil drilling in the Utica. The article includes details about Encino…
Read More...The OGInterview: CEO Tom Jorden on Coterra’s ‘Meritocracy of Ideas’
Coterra Energy took an against-the-grain stance on consolidation long before merger mania hit the U.S. E&P space, and it’s paying—to its shareholders—meaningful dividends. This post appeared first on Hart Energy.
Read More...Kissler: US Must Protect the Petrodollar to Defend the Dollar
Rumblings that the petrodollar is dead are likely overstated, but the demise of the long-time practice would have far-reaching implications for the U.S. This post appeared first on Hart Energy.
Read More...Genesis Energy: First Oil at GoM Field Pushed Back to 2Q 2025
Genesis Energy’s is awaiting a floating production vessel to connect its SYNC pipeline in the Gulf of Mexico to the delayed Shenandoah deepwater project. This post appeared first on Hart Energy.
Read More...EOG Buys South Texas Gathering System, Divests in Delaware, Eagle Ford
EOG Resources added to its South Texas infrastructure in the first half of 2024 with the acquisition of midstream assets that increases the company’s market access at Agua Dulce hub. This post appeared first on Hart Energy.
Read More...Dividends Declared in the Week of Aug. 2
Here is a selection of dividends declared for the week of Aug. 2 for a selection of upstream, midstream and service & supply companies. This post appeared first on Hart Energy.
Read More...Energy Transition in Motion (Week of Aug. 2, 2024)
Here is a look at some of this week’s renewable energy news, including an update on one of the largest offshore wind projects being developed in the U.S. This post appeared first on Hart Energy.
Read More...Exxon Pairs Record Pioneer Output with Record Legacy Permian Volumes
After closing a $63 billion acquisition of Pioneer Natural Resources, Exxon is the largest producer in the Permian Basin—and the entire U.S. This post appeared first on Hart Energy.
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