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IndustryVoice: Optimizing Rig Scheduling Effectiveness across the Entire E&P Organization

Operator increases efficiency and cuts costs with an enterprise-wide, AI-powered rig scheduling solution.

Daniel Rice-led SPAC Forms Leading Renewable Natural Gas Platform in Billion-dollar Merger

Public Capital

Daniel Rice-led SPAC Forms Leading Renewable Natural Gas Platform in Billion-dollar Merger

Rice Acquisition Corp. agreed to a business combination worth over $1 billion with Aria Energy and Archaea Energy, both of which are leaders in the U.S. landfill gas and renewable natural gas sectors.

Laterals, Exports, Price Among Keys to Haynesville Shale Success

Public Capital

Laterals, Exports, Price Among Keys to Haynesville Shale Success

Goodrich Petroleum COO shares insight on its operations in the gassy Haynesville Shale as forecasts show natural gas prices and LNG exports rising.

MarketsSee More

What’s Affecting Oil Prices This Week? (April 12, 2021)

What’s Affecting Oil Prices This Week? (April 12, 2021)

In its latest oil price forecast, Stratas Advisors explores whether oil prices will rebound in the second quarter or continue on the downward trend of the last several weeks.

US LNG Exports Set to Fall to Six-Week Low on Corpus Christi Maintenance

Analysts said it was normal for LNG plants and gas pipelines supplying them to shut for maintenance in the spring when demand is low.

Chevron, Hokkaido Gas Sign LNG Agreement

The new agreement will bring LNG direct to a growth area in a strategic market.

Gas Price Drops Nearly 5% on Milder Forecasts, Rising Production

Sixth straight day of decreases is the longest streak since December 2019.

BusinessSee More

Oil and Gas Investor Post Bankruptcy Strategies: The Great Wipeout

Oil and Gas Investor Post Bankruptcy Strategies: The Great Wipeout

In 2020, companies entered bankruptcy after a sudden plunge in oil and gas prices and, unlike the downturn six years ago, many emerged with nearly pristine balance sheets. But for what end?

Shares of Oil Producers Tied to Dakota Access Pipeline Rise

Shares of North Dakota oil producers Oasis Petroleum, Continental Resources and Enerplus were trading higher after the U.S. Army Corps of Engineers said it would allow the Dakota Access pipeline to run.

Antero Resources Co-founder Glen Warren to Retire

Glen Warren, who currently serves as president and CFO of Antero Resources and president of Antero Midstream, co-founded the Appalachia shale producer in 2002 alongside CEO Paul Rady.

SSE Thermal, Equinor to Build Hydrogen and Carbon Capture Plants

SSE Thermal, Equinor to Build Hydrogen and Carbon Capture Plants

UK projects include the world’s first 100% hydrogen-fueled power station.

TechnologySee More

PE Firm Acquires Majority Stake in Texas-based Enverus

PE Firm Acquires Majority Stake in Texas-based Enverus

The new investment signals the next phase of growth for Enverus and further validates the firm’s industry leadership in energy data analytics and SaaS technology across the entire energy mix, CEO Jeff Hughes says.

Wood, NEL to Develop ‘Complex’ Green Hydrogen Projects

The companies will collaborate to develop and execute large scale, complex green renewable hydrogen projects in select regions across the world.

Andium Raises $15 Million in Funding Round Led by OGCI Climate Investments

Accelerates deployment of Andium’s next generation IIoT Remote monitoring capabilities focused on reducing emissions across the oil and gas sector.

ChampionX Secures North Sea Non-Toxic Chemicals Deal

New non-toxic corrosion inhibitors economically extend asset lifecycles and deliver environmental gains.

Exploration & ProductionSee More

BP-Argos-platform-Mad-Dog-2-Gulf-of-Mexico

BP’s Argos Platform for US GoM Mad Dog 2 Arrives in Texas Waters

Argos is set to become BP’s fifth operated platform in the GoM and the first new platform since Thunder Horse began production in 2008, the company said.

The Lang Lebah field offshore Malaysia is shown in 3D compared to the Petronas Twin Towers. (Source: Petronas)

Oil Exploration, Appraisal Outlook Appears Promising after ‘Savage Year’

Analysts forecast about 65 to 80 high-impact oil and gas exploration and appraisal wells will be drilled this year after a plunge in activity in 2020.

(Source: Leonid Ikan/Shutterstock.com)

New Mexico Takes ‘Bold Action’ on Natural Gas Flaring

Upstream and midstream operators in New Mexico, home to part of the prolific Permian Basin, are now required to capture 98% of natural gas waste by year-end 2026.

Analysts forecast oil demand will rise by 6 million barrels per day this year. (Source: Shutterstock.com)

Oil Demand Outlook Looks Up, For Now

Analysts see the rate of change in oil demand growth falling below zero in the years ahead.

TransactionsSee More

Hess Sells Bakken Acreage in $312 Million Deal to Enerplus

Hess Sells Bakken Acreage in $312 Million Deal to Enerplus

The sale to Enerplus consists of non-strategic interests in Bakken acreage in North Dakota that CEO John Hess said the company wasn’t planning on drilling before 2026.

Marketed: Permian Basin Well Package, Eddy County, New Mexico

Slash Exploration LP retained EnergyNet for the sale of a Permian Basin opportunity in New Mexico’s Eddy County through a sealed-bid offering closing April 14.

Marketed: Mallard Exploration Rural D-J Basin JV Opportunity

Mallard Exploration has exclusively retained Eagle River Energy Advisors to solicit partnerships for certain operated producing, drilled uncompleted and/or development working interest assets in the Denver-Julesburg Basin of rural Weld County in Colorado.

Energy A&D Transactions from the Week of April 7, 2021

Here’s a snapshot of recent energy deals including two large Permian Basin deals including the surprise $6.4 billion acquisition of DoublePoint Energy by Pioneer Natural Resources.

Policy & RegulationsSee More

Energy Policy Watch: Texas Railroad Commissioner remembers call for prorations, winter storm

Energy Policy Watch: Texas Railroad Commissioner Remembers Call for Prorations, Winter Storm

Hart Energy and Cornerstone have teamed up to bring you Energy Policy Watch. In this first installment, host Jack Belcher talks to Texas Railroad Commissioner Christi Craddick about the Railroad Commission’s actions in unprecedented times and lays out a vision for meeting oil and gas policy challenges of the future. 

Commodities Trader Trafigura Launches Carbon Trading Desk

The new Trafigura carbon trading team, to be headed by Hannah Hauman, will be based in Geneva, Houston and Singapore.

Manchin, Flexing Political Muscle, Leaves Senate Democrats in Lurch

Manchin, Flexing Political Muscle, Leaves Senate Democrats in Lurch

West Virginia senator walks a political tightrope with infrastructure bill’s push against fossil fuels.

Biden Tax Plan Swaps Fossil Fuel Subsidies with Clean Energy Incentives

Biden Tax Plan Swaps Fossil Fuel Subsidies with Clean Energy Incentives

Unwinding tax breaks on fossil fuel companies could face opposition from Biden's fellow Democrats in the U.S. Congress from energy-producing states.

MidstreamSee More

Midstream Business Pinnacle II Executive Q&A: Starting in the Midland Basin

Midstream Business Pinnacle II Executive Q&A: Starting in the Midland Basin

Pinnacle Midstream founder Greg Sargent is confident in the Permian Basin and the industry’s ability to “conform and prosper as we always have” to new conditions and regulations.

Saudi Aramco Signs $12.4 Billion Pipeline Deal with EIG-led Consortium

Saudi Aramco Signs $12.4 Billion Pipeline Deal with EIG-led Consortium

The EIG-led group signed a lease and lease-back agreement with Aramco, acquiring the equity stake in the newly formed Aramco Oil Pipelines Co.

US Army Corps to Allow Dakota Access Pipeline to Stay Open During Review

US Army Corps to Allow Dakota Access Pipeline to Stay Open During Review

The move leaves the decision on shutting down the pipeline with the U.S. District Court of the District of Columbia.

Fate of Dakota Access Pipeline to be Decided at Court Hearing

The market has been increasingly worried about a possible shutdown of the Dakota Access pipeline, which ships up to 570,000 barrels of North Dakota's crude oil production to the U.S. Midwest and Gulf Coast.