Special Report: December 15th, 2021

America's Natural Gas

Powering a low-carbon energy future

We need to move quickly to resolve the climate crisis and oft-ignored issues of energy poverty. That requires sound energy policy that includes, at least in the short term, fossil fuels. Learn about the role of natural gas in the transition to a clean fuels future in Hart Energy’s America’s Natural Gas report.

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Natural Gas Prices Take Another Ride

Natural Gas Prices Take Another Ride

By the end of the year, natural gas spot and futures prices had fallen significantly despite entering the winter heating season enjoying the highest U.S. natural gas prices in almost eight years. What happened?

DOE Approves Release of Crude Oil from Strategic Reserves to Shell

Combined, the U.S. Energy Department has provided about 8 million barrels of crude oil from the Strategic Petroleum Reserve to boost the nation’s fuel supply.

US Crude Oil Stockpiles Fall to 2018 Lows: Report

The crude oil drawdowns came even as refiners cut activity, with runs down by 294,000 bbl/d and utilization rates falling 1.4 percentage points in the week.

Coal to Make Up 85% of Total US Power Capacity to be Retired in 2022: Report

The retiring natural gas capacity is made up of older steam and combustion turbine units. The largest U.S. natural gas plant due to close in 2022 is the Meramec power plant in Missouri, the EIA said.

BusinessSee More

The New Private Equity Route to Oil, Gas Ownership

Executive Q&A: The New Private Equity Route to Oil, Gas Ownership

EnergyFunders CEO Laura Pommer spoke with Hart Energy about a new private equity model for oil and gas that also offers access to bitcoin mining.

EnCap Flatrock Midstream Promotes Morriss Hurt to Managing Partner, COO

Morriss L. Hurt, who formerly founded The Encino Group, has contributed to the growth and success of EnCap Flatrock Midstream on every front since its formation, says EFM Managing Partner and Founder Billy Lemmons.

Matador Resources Promotes Billy Goodwin, Van Singleton

Concurrent with the promotions, President Matthew V. Hairford and David E. Lancaster, executive vice president and CFO, both plan to retire and transition to new duties as special advisers to Matador’s board.

Targa Resources Strikes $925 Million Deal with Stonepeak

The repurchase of interests in its development company joint ventures with Stonepeak had previously been discussed during Targa Resources’ third-quarter earnings call last November.

TechnologySee More

cybersecurity

Tackling the New Cyber Threats to the Oil and Gas Industry

DNV and Applied Risk have merged to help companies increase cybersecurity and protect against online threats.

Chevron Technology Ventures President Barbara Burger to Retire

Barbara J. Burger will retire from Chevron after 34 years of distinguished service with the company that includes playing a significant part in driving innovation, technology and new business solutions within Chevron.

Chevron Launches New Collaboration to Pilot Hydrogen-powered Trains

For its latest venture, Chevron entered a memorandum of understanding with Progress Rail, a Caterpillar company, and BNSF Railway to advance the demonstration of a locomotive powered by hydrogen fuel cells. 

EnerCorp eflowback

Driving Deep Decarbonizing with Innovation

Digital experts discuss the role of new technologies in decarbonizing operations and explain how innovations in the upstream sector are shaping energy transition.

Exploration & ProductionSee More

Shale 2022 Outlook: Frac Efficiencies Continues to Help Drive Down Costs

Shale 2022 Outlook: Frac Efficiencies Continue to Help Drive Down Costs

Major oilfield service companies continue to push out leading-edge technologies in U.S. shale. Here’s a roundup of the latest advancements for the year ahead.

Analyst Perspective: US Tight Oil’s Uncharacteristic Response to Rising Prices

Shale 2022 Analyst Perspective: US Tight Oil’s Uncharacteristic Response to Rising Prices

The run-up in oil price is an important test for the U.S. shale sector, and so far, it’s passing with flying colors. But what are the macro trends shaping the near-term trajectory of U.S. tight oil?

ExxonMobil Makes Two Discoveries Offshore Guyana

Exxon Mobil Makes Two Discoveries Offshore Guyana

Fangtooth and Lau Lau discoveries will add to previous recoverable resource estimate of approximately 10 billion oil-equivalent barrels, says Exxon Mobil and project partner Hess in separate releases.

Shale 2022: A New Era

Shale 2022: A New Era

The unconventional oil and gas industry enters a new era of disciplined growth and responsible sourcing.

TransactionsSee More

Upstream Deal Values Rise in 2021 Despite M&A’s Slow End

Upstream Deal Values Rise in 2021 Despite M&A’s Slow End

The Haynesville Shale and the Permian’s Delaware Basin were the two most active plays of 2021’s final quarter, combining for 80% of the quarter’s deal value, a new report by Enverus says.

Marketed: Haynesville Minerals Position, Confidential Seller

A confidential seller retained RedOaks Energy Advisors for the sale of certain minerals and royalties located in the Haynesville Shale across East Texas and northern Louisiana.

Energy A&D Transactions from the Week of Jan. 12, 2022

Here’s a snapshot of recent energy deals including UpCurve II’s initial acquisition in the Permian Basin plus a surprise $3.25 billion cash acquisition announced by Enterprise Products Partners.

On the Market Oil and Gas Quicklist (Week of Jan. 12, 2022)

Here’s a quicklist of oil and gas assets on the market including a sizable royalty position in the Permian Basin and Eagle Ford Shale being offered by Kimmeridge plus a Cornerstone Energy well package in North Dakota.

Policy & RegulationsSee More

API-President-Slams-‘Shortsighted’-U.S.-Policies-Restricting-Domestic-Oil-Production

API President Slams ‘Shortsighted’ US Policies Restricting Domestic Oil Production

API President Mike Sommers also urged the Biden administration and Congress to work with the oil and gas industry to implement policies that address the challenge of climate change.

US Energy Dept Awards More Companies Crude Oil from Strategic Reserves

The six companies named as winners in the latest sale of Strategic Petroleum Reserve crude oil include Valero, Phillips 66, Motiva Enterprises, Marathon Petroleum, Gunvor USA and Exxon Mobil.

US Greenhouse-gas Emissions Rose by 6.2% in 2021: Report

In the power sector, high natural gas prices led to a 17% rise in coal generation in the U.S.—the first increase since 2014—which drove up emissions.

Biden Administration to Scrap Trump Plan for Wider Alaska Oil Drilling

The U.S. Department of the Interior said it will scrap the Trump administration’s decision that authorized expanded leasing and development in the National Petroleum Reserve in Alaska, or NPR-A.

MidstreamSee More

Shale Midstream 2022: Long-term Planning Paying Off

Shale 2022: Long-term Planning Paying Off for Midstream Operators

By staying the course, midstream operators with assets in top U.S. shale plays are not only surviving but thriving as 2022 unfolds. 

UGI to Acquire Stonehenge Appalachia Gas Gathering System for $190 Million

The Stonehenge natural gas gathering system in Pennsylvania’s Butler County is located in “some of the most prolific production areas in the Appalachian Basin,” says UGI Executive Vice President Robert F. Beard.

Putin Says Launch of Nord Stream 2 Would Reduce Gas Prices in Europe

The start of gas exports via the Nord Stream 2 gas pipeline on the bed of the Baltic Sea would lead to a reduction in gas prices in Europe, Russian President Vladimir Putin was quoted by the local news agencies as saying on Dec. 24.

Four Injured in Fire at Exxon's Baytown, Texas Plant

Four people were injured when a fire erupted on Dec. 23 at ExxonMobil's complex in Baytown, Texas, one of the largest refining and petrochemical facilities in the U.S.