The Latest

Clean Energy Fuels Adds Third LNG Train at California Plant

Clean Energy Fuels Corp. said adding a third train to its LNG plant would increase its capacity by 50%, a move an analyst said could reduce the company’s reliance on third-party suppliers and increase annual EBITDA by $2 million.

NextDecade Raises ‘Going Concern’ Doubts Amid Rio Grande LNG FID

NextDecade, which is developing the Rio Grande LNG project in Brownsville, once again highlighted “going concerns” in its SEC 10-Q filing but says Phase 1 of its project is fully financed and under construction.

EOG: Utica Oil Can ‘Compete with the Best Plays in America’

Oil per lateral foot in the Utica is as good as top Permian wells, EOG Resources told analysts May 3 as the company is taking the play to three-mile laterals and longer.

Energy Transfer Remains Hungry for M&A, Sees 1Q Oil Volumes Surge

Energy Transfer reported record first-quarter crude volumes and expects demand for petrochemicals to continue rising.

Sitio Closes D-J Basin Deal, Looks to Defragment Minerals Space

Sitio Royalties closed its acquisition of 13,062 net royalty acres. CEO Chris Conoscenti has a strong pipeline of minerals acquisition opportunities.

‘Oversupplied’ NatGas Market Aiding Williams’ Storage Business

Midstream company Williams saw overall demand growth as heavy gas volumes passed through its network.

TC Energy Preparing for Natural Gas Demand Surge

TC Energy executives expect data centers in Wisconsin and Virginia to drive as much as 8 Bcf/d of natural gas demand for power generation.

Targa Expects Another Major Permian Pipeline Project This Year

Targa Resources says different projects are falling in place for gas capacity expansion

Pemex Reports Lower 2Q Production, Net Income

Mexico’s Pemex reported both lower oil and gas production and a 91% drop in net income in first-quarter 2024, but the company also reduced its total debt to $101.5 billion, executives said during an earnings webcast with analysts.

Analyst Questions Kimmeridge’s Character, Ben Dell Responds

The analyst said that “they don’t seem to be particularly good actors.” Ben Dell, Kimmeridge Energy Partners managing partner, told Hart Energy that “our reputation is unparalleled.”