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Business Practices: Energy SPAC Challenges

Business

Business Practices: Energy SPAC Challenges

Many private energy companies have started SPAC companies to monetize their investments. However, transacting with a SPAC has presented some unique challenges.

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IndustryVoice: Improving Frac Economics with Integrated Proppant Logistics

Cutting proppant cost and complexity depends on innovation across the entire supply chain, from facilities to equipment and software.

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IndustryVoice: Creating Energy Industry Accountability Around Climate Goals

As the industry sets climate-related goals, energy leaders will need to balance investor interests and develop a sound reporting framework.

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IndustryVoice: Delivering Real-Time Energy Data At No Cost

MarketsSee More

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Analyst: Shale Producers, Midstream Should Brace For Impacts From Low Gas Prices

Production, volumes to process and move, EBITDA are all vulnerable in the near term, says Alerian.

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US Crude Export Window Slams Shut As New Pipelines Start

The spread between Brent and WTI has narrowed, making US oil less attractive.

Freeport LNG Begins Train 1 Production

The Freeport LNG project in Texas started production at its first liquefaction train on Aug. 12 and aims to start commercial operation in the fall this year.

Aramco’s Motiva To Buy Port Arthur, Texas Chemical Plant

Motiva, the U.S. refining arm of Saudi Aramco, plans to operate the Flint Hills chemical plant while it builds three giant petrochemical units within its Port Arthur complex.

BusinessSee More

Earthstone Energy CEO Actively Looking To Be Permian Consolidator

Earthstone Energy CEO Actively Looking To Be Permian Consolidator

Earthstone Energy CEO Frank Lodzinski urged attendees of a recent industry luncheon in downtown Houston to “bring us deals” as the company looks to continue its growth story.

Venture Global Announces Financial Close For Calcasieu Pass LNG

The lender group for Venture Global's $5.8 billion construction financing includes the world's leading Asian, European and North American project finance banks, the company said.

Park Energy Services Appoints Tim Knox As President, COO

Park Energy Services LLC, a portfolio company of Rock Hill Capital, has appointed Tim Knox as president and COO effective August 19th, 2019.

25 veterans in energy

Nominate: Hart Energy’s “25 Impactful Veterans in Energy”

Nominate military veterans who demonstrate leadership and make significant contributions to the energy industry through the roles they play fulfilling a company’s mission or advancing its long-term success.

TechnologySee More

Analyst: Pressure Pumping Asset Sale Implies Extraordinary Upside

Analyst: Pressure Pumping Asset Sale Implies Extraordinary Upside

Analysts with Tudor, Pickering, Holt & Co. noted the sale of Quintana’s legacy conventional pressure pumping operations was a small deal but that it also highlighted a “prodigious valuation upside.”

Certarus Enters Permian Flare Gas Capture Agreement With Supermajor

Certarus Ltd. has entered into a flare gas capture and compressed natural gas supply agreement on Aug. 19 with a multinational American energy supermajor to service its electric hydraulic fracturing operations in the Delaware and Midland basins.

RS Energy Group Unveils New Predictive Solution RS Next

RS Energy Group (RSEG) has released its newest, visionary solution, RS Next on Aug. 19.

Crusoe Reduces Natural Gas Flaring Using North Dakota, Wyoming, Colorado Data Centers

Across its existing projects, Crusoe has already eliminated more than 25 million cubic feet (MMcf) of natural gas flaring, significantly reducing air emissions for local communities as well as regulatory challenges faced by oil and gas companies.

Exploration & ProductionSee More

The FPSO Espírto Santo, operated by SBM Offshore, is moored in about 1,800 m of water at Parque das Conchas (BC-10) offshore Brazil. (Source: Shell Brazil)

Shell Marks Milestone At Field Offshore Brazil

As the Parque das Conchas marks 10 years of production, the field’s operations manager recalls challenges overcome and looks to the future.

The Mariner Field in located in the U.K. North Sea about 150 km (95 miles) east of Shetland. (Source: Jamie Baikie and Michal Wachucik/Equinor)

Equinor Starts Production At North Sea’s Mariner Field

The startup comes after about 38 years after oil was discovered at the field and about seven years after the development was sanctioned.

(Source: Shutterstock/Hart Energy)

Indonesia, Chevron-led Group Aim For Gendalo-Gehem Development Deal

Talks are centered on sorting out differences on factors such as revenue share, extension of production-sharing contracts and investment credit.

Frac sand demand was 84 million tons in 2018. (Source: Westwood Global Energy Group)

Analysts: Frac Sand Supply Reductions Needed To Balance Market

To balance the market, Westwood Global Energy Group believes between an estimated 30 to 50 million tons needs to be removed over the next 12 to 18 months.

TransactionsSee More

A&D Trends: Indie Oil And Gas Deal-Making

A&D Trends: Indie Oil And Gas Deal-Making

So far in 2019, oil and gas deals have taken an indie turn in the market with mid-sized deals.

Marketed: Clearly Petroleum Bakken Shale Nonop Package

Clearly Petroleum retained EnergyNet for the sale of a Bakken Shale well package plus leasehold acreage in North Dakota through an auction closing Sept. 4.

Hunting Acquires RTI Energy Systems

Hunting Plc, the international energy services group, said Aug. 16 it has completed the acquisition of the business and assets of RTI Energy Systems Inc. (RTIES) for a total cash consideration of $12.5 million.

Marketed: QEP Resources New Mexico San Juan Basin Properties

An affiliate of QEP Resources retained EnergyNet for the sale of nearly 300 properties primarily in the San Juan Basin within New Mexico through an auction closing Sept. 4.

Policy & RegulationsSee More

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Iran Tanker Heads To Greece After Release

Iran warns the U.S against attempting to seize it again.

US Loses Bid To Seize Iranian Tanker In Gibraltar

Last-minute application to seize oil vessel is rejected by territory’s supreme court.

Natural Gas Hits The Road

NGVs: Natural Gas Hits The Road

When shale gas first took off, natural gas vehicles became the next big source of demand. How much progress has been made?

Trump Promises More Big Energy Projects At Pennsylvania Shell Cracker

President Donald Trump told workers on Aug. 13 at a $6 billion petrochemicals plant being built in western Pennsylvania that more big U.S. energy projects were coming as his administration rolls back environmental regulations.

MidstreamSee More

A Marcellus shale drilling site in northern Pennsylvania, pipeline construction and an LNG tanker are shown. (Source: George Sheldon/Reinhard Tiburzy/Wojciech Wrzesien/Shutterstock.com)

Shale Gas Producers Help Fuel US LNG Exports Rise To Top

Together, the Appalachia and Permian basins are expected to supply about 53% of the North American gas market by 2030, according to McKinsey and Co.

Natural Gas Deliveries To US LNG Export Facilities Set A Record In July

In the first seven months of 2019, natural gas feedstock deliveries to LNG export facilities have been the fastest growing among all U.S. natural gas consumption sectors, the EIA says.

EPIC Announces Initial Crude Delivery Into Corpus Christi

Interim crude service utilizing the 24” EPIC Y-Grade pipeline from Crane to Robstown, TX, began delivering crude to several terminals in the Corpus Christi area.

EQM Stops Some Work On Mountain Valley Natural Gas Pipeline

EQM Midstream Partners LP has told U.S. federal regulators the company would stop some work on its long-delayed Mountain Valley natural gas pipeline from West Virginia to Virginia as the U.S. Fish and Wildlife Service reviews a couple of permits.