This is your Hart Energy A&D Minute with Jordan Soto and powered by Hart Energy's Gulf of Mexico Energy Transformation Conference.
Crescent Point Energy has officially plowed $1 billion into the Duvernay Formation. After signing its third deal since 2021, Tudor, Pickering, Holt & Co. analyst Matt Murphy said the Canadian company’s newest bolt-on locks in “north of 20 years” of inventory, along with pipelines and other goodies. Check it out here.
Some big names are teaming up to explore geothermal power from abandoned oil and gas wells. Baker Hughes, Chesapeake, Continental Resources and INPEX announced the partnership on Dec. 8. Where are they starting their efforts? Read about it here.
The Permian Basin is so hot, even coal companies want in. Alliance Resource Partners LP said in November it had closed on about 4,300 royalty acres in the Midland and Delaware basins for nearly $100 million. Check out the sellers and more here.
That’s your Hart Energy A&D Minute powered by Hart Energy's inaugural Gulf of Mexico Energy Transformation Conference on Feb. 21, 2023, in Houston.
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2023-01-23 - Italian oil giant Eni SpA launched a €2 billion bond, its first sustainability-linked bond in the sector addressed to retail investors. Demand from over 300,000 investors exceeded €10 billion compared to the €1 billion initially offered.
2022-11-15 - PureWest Energy will partner with Project Canary and Earn to create blockchain tokens to meet its own net-zero targets while helping customers realize their own Scope 3 goals.
2022-12-22 - Hess is one of only two U.S. oil and gas producers to achieve leadership status in CDP’s climate change assessment.
2022-12-15 - Hess Corp. was the only North American oil and gas company to earn a spot on the Dow Jones Sustainability World Index this year.
2023-01-04 - The demonization of oil and gas leaders is partially to blame for the industry’s lagging sustainability practices and prevents it from thriving, according to lecturer and author Wayne Visser.