Latest Hart Energy Exclusives

Permian Basin Natural Gas Pipeline Matterhorn Express Reaches FID

“Matterhorn will provide premium market access with superior flexibility for Permian Basin shippers while playing a critical role in minimizing flared volumes,” WhiteWater CEO Christer Rundlof said in a release.

Marketed: Riverdale Oil & Gas III Marcellus Shale Package

Riverdale Oil & Gas III LLC retained EnergyNet for the sale of a Marcellus Shale mineral and royalty package operated by Antero Resources in West Virginia’s Tyler County.

Popularity for Longer Laterals Grows in Permian Basin

Popularity for Longer Laterals Grows in Permian Basin

With inflation playing a sizable role in Permian Basin operators’ spending, longer laterals could be a solution to offsetting inflationary costs, says Rystad’s Cole Wolf.

Marketed: Hoya Energy East Texas Operated Dry Gas Assets

Hoya Energy retained PetroDivest Advisors for the sale of an East Texas operated dry gas opportunity located in Limestone County, Texas.

What’s Affecting Oil Prices This Week? (May 23, 2022)

What’s Affecting Oil Prices This Week? (May 23, 2022)

Oil prices are likely to break upwards with positive news coming out of China with respect to COVID-19. Reduced inflation data in the U.S. and Europe would also provide a boost to oil prices, Stratas Advisors said in its latest forecast.

Halliburton, Aker BP to Implement First-of-its-kind Digital Twin for Field Development

Aker BP will implement the cloud application Field Development Planning through its continued collaboration with Halliburton to make field development data planning a more efficient process.

Centennial, Colgate Energy’s $4 Billion Betrothal a Suitable Match

Centennial, Colgate Energy’s $4 Billion Betrothal a Suitable Match

Analysts consider the deal, which addresses Centennial’s inventory concerns while also sparing Colgate Energy from a potentially uphill IPO climb, as a sign of things to come in the Permian Basin.

More than 80% of companies on VettaFi’s lists raised their payouts on a year-over-year basis, making this a bullish era for midstream investors. (Source: Hart Energy; Illus_man, LuckyStep/Shutterstock.com)

Midstream Performance Indexes Notch Growth for Third Quarter in a Row

More than 80% of companies on VettaFi’s lists raised their payouts on a year-over-year basis.

energy-transition-ESG-private-equity

Private Equity Investors See ‘Sustainable’ Opportunities Ahead

A focus on sustainability is drawing attention to certain technologies across different energy sectors.

Ashtead Technology Deflection Monitoring System

Remote Subsea Monitoring Utilizing High Bandwidth Optical Data Telemetry

New technology developed by Ashtead Technology and Hydromea utilizing high bandwidth optical data telemetry is proving to be a game changer for remote subsea structure monitoring systems.

Xcel Energy, IFS Partner to Drive Field Workforce Scheduling Transformation

IFS will provide solution for long-term planning and scheduling optimization, as well as driving sustainability for energy giant Xcel Energy.

pump-prices

Energy Source: US Faces Summer Fuel Price Surge

$6-a-gallon petrol is coming, JPMorgan says.

Back to the Patch: Shale Jobs Headed Toward Strong Recovery, Report Shows

Back to the Patch: Shale Jobs Headed Toward Strong Recovery, Report Shows

Employment in the U.S. oil and gas industry is set to expand by 12.5% this year, a Rystad report shows.

Alerian Rebrands as VettaFi

New asset management brand combines Alerian, S-Network Global Indexes, ETF Trends and ETF Database.

Denbury to Participate in Planned Clean Ammonia Project in Geismar, Louisiana

Denbury Carbon Solutions will transport and store CO2 captured from Canadian fertilizer company Nutrien Ltd.'s Geismar, La.-based clean ammonia project under a new term-sheet agreement.

Permian Operators Colgate, Centennial to Combine in $7 Billion Merger

Permian Operators Colgate, Centennial to Combine in $7 Billion Merger

The $7 billion “merger of equals transaction” of Centennial Resource Developement and Colgate Energy will create the largest pure-play E&P company in the Delaware Basin of the Permian.

VTX Energy to Spend Billions on Acquisitions as Capital Providers Remain on Sidelines

VTX Energy to Spend Billions on Acquisitions as Capital Providers Remain on Sidelines

The flight of capital from the E&P space is among the limiting factors keeping the U.S. from responding to the growing global demand for crude and natural gas, VTX Energy CEO Gene Shepherd told DUG Permian and Eagle Ford attendees.

DNV: Energy Executives Anticipate More Cyberattacks, Yet Defense Efforts Lag

DNV: Energy Executives Anticipate More Cyberattacks, Yet Defense Efforts Lag

Research by DNV revealed that energy professionals believe that cyberattacks on the industry are likely to cause harm to life, property and the environment in the next two years.

DUG Permian, Eagle Ford: Sheffield Says Energy Security Issues Trump ESG Concerns

DUG Permian, Eagle Ford: Sheffield Says Energy Security Issues Trump ESG Concerns

“Nobody’s going to drop ESG, but energy security has become 10 times more important than ESG,” Pioneer Natural Resources CEO Scott Sheffield told DUG Permian and Eagle Ford attendees.

Seneca Resources Exits California in Deal for Cash, Fewer Emissions

Seneca Resources Exits California in Deal for Cash, Fewer Emissions

National Fuel touted the environmental benefits of the sale by its E&P segment Seneca Resources, including a 55% reduction in CO₂ equivalent emissions.

Energy A&D Transactions from the Week of May 18, 2022

Here’s a snapshot of recent energy deals including Grey Rock’s $1.3 billion business combination with Paul Ryan-backed SPAC plus a $575 million roll-up of Rattler Midstream by Diamondback Energy.

On the Market Oil and Gas Quicklist (Week of May 18, 2022)

Here’s a quicklist of oil and gas assets on the market including EOG Resources operated Eagle Ford properties plus Kaiser-Francis operated well package in Divide County, North Dakota.

Chevron Launches Carbon Capture, Storage Project in San Joaquin Valley

Chevron New Energies will launch a carbon capture storage project at its operations in San Joaquin Valley, Calif. that will reduce carbon intensity through underground CO2 storage.

DUG Permian, Eagle Ford: Energy’s Pivotal Moment and New E&P Math

DUG Permian, Eagle Ford: New E&P Math and Energy’s Pivotal Moment

Things have changed for the upstream sector and the first quarter proves it, according to energy analyst Subash Chandra, who shared several of his takeaways at Hart Energy’s DUG Permian Basin and Eagle Ford conference and exhibition on May 16.

Helix to Acquire Privately Held Alliance for $120 Million

Helix to Acquire Privately Held Alliance for $120 Million

In addition to a focus on well intervention and robotics operations, Helix is pursuing an energy transition business model, which CEO Owen Kratz says the expanded decommissioning presence from the Alliance acquisition furthers.

Marketed: Daylight Petroleum Operated North Central Texas Assets

Daylight Petroleum LLC retained Detring Energy Advisors to market for sale certain of its oil and gas leasehold, producing properties and related assets located in various counties in northern Texas.

Diversified Energy Acquires Ohio-based Nick’s Well Plugging

Diversified Energy Acquires Ohio-based Nick’s Well Plugging

With its investment in Ohio-based Nick’s Well Plugging, Diversified Energy says it is well-positioned to meet or exceed its stated commitment to retire at least 200 of its wells per year across Appalachia by 2023.

Chevron Answers Political Criticism Over High Oil Prices

DUG Permian, Eagle Ford: Chevron Answers Political Criticism Over High Oil Prices

The Biden administration mistakenly believes that the shale industry can "just run out, set up a bunch of rigs and grow production over night,” said Steve Green, president of Chevron's North America E&P division, speaking at Hart Energy's DUG Permian and Eagle Ford conference.

Cloud-based Analytics: Did Someone Say Cost Discipline?

Cloud-based Analytics: Did Someone Say Cost Discipline?

Cloud-based analytics offer a more efficient option for dealing with the large volumes of data that E&P companies typically generate.

Carbon Management Conference, emissions reduction, CCUS hubs

Carbon Management: Reducing Emissions Through CCUS Hubs

“The initiative is an all-in approach where we say that virtually all methane emissions from the industry can and should be avoided,” OGCI’s Julien Perez said of the coalition’s global goals at Hart Energy’s Carbon Management Conference on May 16.