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Biden’s Energy Policy Will Benefit Middle East, Says Wyoming Governor

Investment

Biden’s Energy Policy Will Benefit Middle East, Says Wyoming Governor

Mark Gordon, Wyoming’s governor, said the U.S. Interior Department’s moratorium on issuing new permits to drill for oil and gas on public land under its control would “send capital elsewhere.”

oil-and-gas-reserves-Rystad-Energy-Ronnie-Chua-Shutterstock

Exploration & Production

Report Shows Big Oil’s Proved Reserves Dwindling

The drop, according to Norway-headquartered Rystad Energy, could result in oil reserves running out within 15 years if large commercial discoveries are not made quickly.

Women in Energy: Lindsay Grider, Tailwater Capital

Private Equity

Women in Energy: Lindsay Grider, Tailwater Capital

Today’s featured 25 Influential Women in Energy honoree is Lindsay Grider, head of investor relations at Tailwater Capital based in Dallas.

MarketsSee More

The Colonial Pipeline Co. is working to return the fuel pipeline to service, but the impact on prices and the company’s data from the DarkSide cyberattack is unknown. (Source: Enzozo/Shutterstock.com)

Damage to Colonial Pipeline System from Cyberattack Still Unknown

It’s too soon to gauge the price impact on fuel or the data impact to Colonial Pipeline after a cyberattack forced its systems offline, experts say.

Saudi Arabia Cuts Oil Prices for Asia, Sources Say

Top oil exporter Saudi Arabia has cut the June official selling prices (OSPs) of all crude grades it sells to Asia, sources say.

What’s Affecting Oil Prices This Week? (May 3, 2021)

What’s Affecting Oil Prices This Week? (May 3, 2021)

The oil price movement from the last week is somewhat reflective of the difference in the pace of economic recovery between the U.S., where the economy continues to show signs of a robust recovery, and the Eurozone, which has fallen back into recession, says Stratas Advisors in its latest forecast.

Natural Gas Prospects Lose Steam as Renewables Gather Pace

Natural Gas Prospects Lose Steam as Renewables Gather Pace

A drop in green energy costs and tougher emissions targets take shine away from the natural gas industry’s ‘cleaner than coal’ pitch.

BusinessSee More

From Oil and Gas Investor Editor-in-Chief: The Bear Case Privates

From Oil and Gas Investor Editor-in-Chief: The Bear Case Privates

As public E&Ps promise capital discipline and slow or no growth through 2021, an unexpected and potentially price-busting trend is developing behind the scenes. Could private oil and gas producers ruin it for everyone?

Antero Resources Adds Former Concho Exec Brenda Schroer to Board

Brenda Schroer previously served as senior vice president, CFO and treasurer of Concho Resources, where she oversaw the company’s ESG reporting.

EOG Resources First-quarter Profit Surges as Oil Prices Rebound

Rising oil prices have sparked optimism for EOG Resources and other shale producers after enduring a year of destruction in the oil markets, with WTI futures in the U.S gaining 23% in the first quarter.

Exxon Mobil Expects $200 Million in Charges for Job Cuts This Year

Exxon Mobil, the biggest U.S. oil producer, has slashed costs, delayed projects and said it could trim an estimated 14,000 employees globally, or 15%, including contractors.

TechnologySee More

Ørsted Completes Permian Energy Center

Ørsted Completes Permian Energy Center

The company's first utility-scale solar plus battery storage project of 460MWAC reaches commercial operation, making Ørsted the first developer to operate the full spectrum of new renewable technologies at utility scale in the U.S.

Comstock Resources to Deploy BJ Energy's TITAN Frac Tech across Haynesville Assets

A TITAN fleet will be deployed to Comstock's Haynesville operation in early 2022, representing the company's second TITAN fleet in the basin.

AWS Launches Clean Energy Accelerator for Startups

The goal of the AWS Energy Accelerator is to help startups working in clean energy accelerate their impact, access additional resources, and expand their reach.

OTC Names Spotlight on New Technology Award Recipients for 2021

OTC selected 14 technologies from 13 companies around the world for this year’s Spotlight on New Technology® Award, including Schlumberger, Halliburton, TechnipFMC and more.

Exploration & ProductionSee More

Permian-Basin-oil-rigs-GB-Hart-Shutterstock

EOG Embraces ‘Double Premium’ Drilling Strategy

Houston-based EOG Resources is focusing on so-called “double premium” wells that yield a 60% direct after-tax rate of return at $40/bbl WTI and $2.50 Henry Hub.

global-oil-demand

What’s Next for the Global Oil Market?

Energy experts at Rice University’s Baker Institute share insight on OPEC+, U.S. shale and global oil demand.

Noble-Don-Taylor-drillship-offshore-Guyana

Exxon Mobil Strikes Oil at Uaru-2 Offshore Guyana

The find pushes the estimated amount of discovered recoverable resources on the Stabroek Block offshore Guyana beyond 9 billion barrels of oil equivalent, Exxon Mobil and partners say.

Marcellus-drilling-site-storage-tank-natural-gas-pipeline

Summer Outlook Appears Favorable for US Natgas Production, LNG Exports

A myriad of potential risks to production, however, are at play, according to analysts.

TransactionsSee More

Bonanza Creek, Extraction Merger to Create Largest Pure-play D-J Basin Producer

Bonanza Creek, Extraction Merger to Create Largest Pure-play D-J Basin Producer

The combined company, to be named Civitas Resources, will be the largest pure-play energy producer in Colorado’s Denver-Julesburg  Basin, with an aggregate enterprise value of approximately $2.6 billion.

Marketed: Henry Resources Permian Basin Nonop Divestiture

Henry Resources LLC has retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of its nonoperated working interest properties in the Permian Basin across West Texas and southeastern New Mexico.

Marketed: Barnett Shale Nonop Working Interest Package

Black Falcon Energy retained EnergyNet for the sale of a Barnett Shale opportunity that includes interest in nearly 1,000 wells across North Texas.

On the Market Oil and Gas Quicklist (Week of May 5, 2021)

Here’s a quicklist of oil and gas assets on the market including Fairway Resources Oklahoma properties and Kaiser-Francis Oil well package in Louisiana plus the offer from Centennial Resource Production to acquire or farm in certain operated assets in the Permian Basin of Reeves County, Texas.

Policy & RegulationsSee More

Energy Policy Watch: Rep. Lizzie Fletcher Outlines the Importance of Sound Oil and Gas Policy

Energy Policy Watch: Rep. Lizzie Fletcher Outlines the Importance of Sound Oil and Gas Policy

The second-term representative from west Houston talked to Cornerstone Government Affairs’ Jack Belcher about the complexities and opportunities of energy policy in today’s world.

Mexico Port Works on US-Sanctioned Cuban Tankers that Carry Venezuelan Oil

Work on the tankers could potentially violate sanctions on Venezuela, lawyers say.

Germany, Russia Flag Hydrogen Cooperation

Natural gas imports from Russia will be a necessary bridge fuel, a top German official says.

Experts discuss how emissions factor into profitability and the need for standardization in how to measure them. (Source: HartEnergy.com; Dasha Music, Ersler Dmitry, Pakhnyushchy/Shutterstock.com)

Want to Monetize Your Energy Transition Efforts? Here’s How

Experts discuss how emissions factor into profitability in the era of energy transition and the need for standardization in how to measure them.

MidstreamSee More

Doraville, Georgia United States - May 9 2021: Colonial Pipeline Co. oil pipes running through a Doraville, Ga., residential neighborhood on May 9. The U.S. government is working with the fuel supplier to secure pipelines to the eastern part of the country. (Source: BrianElevates/Shutterstock.com)

Government, Top Fuel Supplier Work to Secure Pipelines

The attack on the Colonial Pipeline was one of the most disruptive digital ransom schemes ever reported.

Enbridge to Defy Looming Michigan Shudown Order of Line 5

Michigan Governor Gretchen Whitmer last year revoked the easement for Enbridge’s Line 5 pipeline, or permission to operate, and ordered it to shut down no later than May 12.

TC Energy Posts C$1 Billion Loss on KXL Suspension

Company attributes the first-quarter loss to halting work on the Keystone XL pipeline.

N.C. Again Denies Permit for Mountain Valley Pipeline

The state’s Department of Environmental Quality denied a water permit for the Southgate natural gas pipeline.