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.
Read More...Marshall Adkins, head of energy at Raymond James, isn’t buying the prevailing wisdom that weakening Chinese oil demand, EV encroachment and a potential OPEC supply increase are legitimate threats to the oil market. This post appeared first on Hart Energy.
Read More...There is an important development for landowners AND drillers in a class action case that began some seven years ago. A civil suit was brought by Harrison County oil and gas owners against Antero Resources Corp., claiming the company had deducted post-production costs from royalties not allowed under the leases they had signed. In 2022,…
Read More...When EQT first announced it intended to build the Mountain Valley Pipeline (MVP), stretching from Wetzel County, WV, to Pittsylvania County, VA, the project came with an estimated price tag of $3.5 billion and an estimated completion date of 2018 (see Mountain Valley Pipeline Files FERC Appl, Now Just Matter of Time). By the time…
Read More...In July, the Ohio Dept. of Natural Resources (ODNR) opened up the shuttered Austin Master Services (AMS) radiological waste management solutions company in Martins Ferry (Belmont County), Ohio, to begin cleanup work at the facility (see Flurry of Activity at Austin Master Services Site in Martins Ferry). AMS is permitted by the ODNR to temporarily…
Read More...According to the U.S. Energy Information Administration (EIA), working natural gas in storage in the Lower 48 states ended the natural gas injection season (Apr 1 – Oct 31) with 3,922 billion cubic feet (Bcf), the equivalent of 3.9 trillion cubic feet (Tcf). U.S. inventories are starting winter 2024–25 with the most natural gas since…
Read More...According to a Reuters analyst, natural gas prices in Asia, Europe, and North America have climbed by 30% to 50% in 2024 and are likely to keep rising over the coming months in early 2025 as forecasts for cold weather trigger higher heating demand in key consumer hubs. Although Europe entered the winter with “full”…
Read More...Here’s a roundup of the latest E&P headlines, including production updates and major offshore contracts. This post appeared first on Hart Energy.
Read More...Bison Energy has retained EnergyNet for the sale of a 30 well package in Adams and Arapahoe counties, Colorado. This post appeared first on Hart Energy.
Read More...If given the final go-ahead, Stellantis and Samsung’s StarPlus Energy joint venture will use the financing for lithium-ion battery cell and module manufacturing plants in Indiana. This post appeared first on Hart Energy.
Read More...GeoPark Ltd. has signed a sale and purchase agreement with Respol Exploracion and Repsol E&P to acquire upstream oil and gas assets in Colombia. This post appeared first on Hart Energy.
Read More...Raymond James’ J. Marshall Adkins says the market is factoring in perceptions of OPEC excess capacity from countries such as Venezuela, Nigeria and Iraq that have yet to hit their production potential—and probably won’t anytime soon. This post appeared first on Hart Energy.
Read More...For the week of Nov 18 – 24, permits issued in the Marcellus/Utica continued to be strong, with 28 new permits issued, down just two from the 30 issued the prior week. The Keystone State (PA) issued 11 new permits, with five going to CNX Resources, all in Allegheny County. Two permits were issued to…
Read More...The Baker Hughes national rig count dropped another rig last week and now sits at 582. The national count continues to be rangebound between 581 and 589 since June. Slicing the national count slightly differently—by oil-focused vs. gas-focused rigs—oil rigs fell by two to 477 last week, their lowest since July, while gas rigs rose…
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