This is your Hart Energy A&D Minute, powered by A&D Strategies and Opportunities Conference.
Talos Energy plans to buy EnVen Energy for $1.1 billion, increasing their Gulf of Mexico production by 40% in order to build a "leadership position" in the Gulf of Mexico.
Momentum Midstream acquired Midcoast’s East Texas business and Align Midstream, which establishes a leading presence in the Haynesville Shale alongside what Momentum CEO Frank Tsuru says is a “first of its kind net negative gas gathering project.”
And Summit Midstream Partners sold its North Dakota Bison gas gathering system for $40 million to streamline its portfolio and focus on growing its crude oil and produced water gathering systems in the Williston Basin, according to CEO Heath Deneke.
This Hart Energy A&D Minute is powered by A&D Strategies and Opportunities Conference on Oct. 26 in Dallas. Watch new A&D Minute episodes every Wednesday, and don’t forget to sign up for our A&D Watch newsletter at HartEnergy.com/newsletters/ad-watch.
2022-09-15 - The upper Northeast relies on rail for shipments of crude oil, natural gas and fuel products more than other regions because of a lack of pipelines.
2022-09-19 - President Joe Biden’s plan announced in March of the largest release of oil from SPR in history had aimed to sell 180 million barrels by the end of October. So far, only 155 million barrels have been sold.
2022-09-23 - The Biden administration wants SAF to achieve a minimum of a 50% reduction in greenhouse-gas emissions compared to conventional fuel and seeks to expand supply, use, reduce its cost and enhance its sustainability.
2022-09-25 - Two cross-border pipelines have driven growth in U.S. natural gas exports to Mexico.
2022-09-23 - Due to European gas prices spiking after Russia's invasion of Ukraine, Britain is looking to increase previously declining domestic gas production to balance out natural gas prices.