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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MarketsSee More

What’s Affecting Oil Prices This Week? (Jan. 18, 2022)

What’s Affecting Oil Prices This Week? (Jan. 18, 2022)

Triple-digit oil prices? Here are the factors that Stratas Advisors say will keep oil prices from moving into the triple-digits.

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.

Oil Prices Could Hit $100 as Demand Outstrips Supply, Analysts Say

Morgan Stanley and J.P. Morgan are both predicting that oil prices to rise as high as $90 by the end of 2022 due to low spare capacity and limited investments in the oil and gas sector.

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.

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.

Enverus Names Matt Wilcoxson Chief Growth Officer Among Several Key Promotions

In addition to Matt Wilcoxson, Enverus also named Chris Dinkler as chief revenue officer, Keri Brooke as chief marketing officer, Michael Mroz as chief sales officer.

Larry Fink Defends BlackRock’s Focus as ‘Not Woke’ Push for Values, Profits

Fink also spoke up for BlackRock’s stance in engaging with companies on the transition to a low-carbon economy rather than divesting from fossil fuel sectors, saying the companies cannot be the “climate police.”

Continental Resources Promotes Key Leaders Shelly Lambertz, John Hart

Oklahoma City-based Continental Resources announced the promotions of Shelly Lambertz and John Hart on Jan. 13, expanding their leadership at the independent oil producer.

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.

Embracing Energy Transition Challenges in R&D

Embracing Energy Transition Challenges in R&D

Experts from Exxon Mobil, Saudi Aramco, Schlumberger and more discuss solutions to the ever-present challenges of the energy transition.

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. 

Exploration & ProductionSee More

Seneca Resources Shares Results of Frac Fleet Study with NexTier

Seneca Resources Shares Results of Frac Fleet Study with NexTier

Pennsylvania shale operator Seneca Resources explains why it ultimately chose Tier 4 dual fuel equipment after a comprehensive study with NexTier Oilfield Services.

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

Continental Resources Boosts Its Powder River Footprint

Continental Resources Boosts Its Powder River Footprint

Continental Resources recently completed a “follow up” deal in the Powder River Basin, CEO Bill Berry said in an exclusive interview.

Energy A&D Transactions from the Week of Jan. 19, 2022

Here’s a snapshot of recent energy deals including the $1.9 billion merger of Falcon Minerals with privately held Desert Peak plus Clearfork bags its first deal after a $400 million equity commitment.

On the Market Oil and Gas Quicklist (Week of Jan. 19, 2022)

Here’s a quicklist of oil and gas assets on the market including TRP Energy SCOOP/MERGE working interest plus a Powder River Basin regional exit by Team Operating.

Legacy Reserves Markets Permian Basin, Haynesville Shale Assets, Sources Say

Legacy Resources has hired an investment bank to run the sale process for the assets in the Permian Basin and Haynesville Shale and is valuing them at around $800 million, sources say.

Policy & RegulationsSee More

Energy Policy Watch: Wesley Hunt’s Bid for the ‘Energy District of the World’

Energy Policy Watch: Wesley Hunt’s Bid for the ‘Energy District of the World’

Texas congressional candidate Wesley Hunt gives his take on the importance of oil and gas and what makes the new 38th Congressional District the “energy district of the world.”

US Awards Fifth Exchange of Crude Oil from Strategic Reserves

Combined, the U.S. Energy Department has so far released more than 8 million barrels of the 32 million in exchanges of Strategic Petroleum Reserve oil outlined in November.

Ted Cruz’s Nord Stream 2 Sanctions Bill Fails in US Senate

Senator Robert Menendez won the support of many of his fellow Democrats, including President Joe Biden, for an alternative bill to impose sanctions on Russia that he introduced on Jan. 12.

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.

MidstreamSee More

Midstream operators are leading the industry charge in buying back shares. (Source: Hart Energy; Warm_Tail, KsanaGraphica)

Midstream Players, Flush with Cash, Lead the Buyback Charge

Loyal oil and gas investors can expect to get what’s coming to them in 2022—particularly from the midstream sector.

Illinois Court Vacates Approval of Dakota Access Pipeline Capacity Expansion

The Illinois Commerce Commission needed to consider the public need for the proposed expansion to the Dakota Access pipeline, but the court said Jan. 12 the commission erroneously interpreted the public to mean the world, not the U.S.

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.

Enterprise Surprises Market with $3.25 Billion Cash Acquisition of Navitas Midstream

Enterprise Surprises Market with $3.25 Billion Cash Acquisition of Navitas Midstream

Enterprise’s agreement to acquire Warburg-backed Navitas comes as a surprise, analysts say, given Enterprise’s recent capital discussions and messaged preference for downstream.