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Latest Hart Energy Exclusives
Black Sea Gas Platform Launched Offshore Romania Despite War Risks
The project by Black Sea Oil & Gas (BSOG), controlled by U.S. private equity firm Carlyle Group LP, is Romania’s first offshore Black Sea development in three decades.
Anschutz Exploration Shares Secret to Powder River Basin Success
Anschutz Exploration CEO Joe DeDominic shared the private producer’s strategy how to succeed in the Powder River Basin at Hart Energy’s DUG Bakken and Rockies conference.
US Crude Stocks Down, Fuel Inventories Up as Refiners Hit the Gas
The U.S. oil industry has been trying to boost output, but inventories keep dwindling, with supplies at the Cushing, Oklahoma hub dropping to the lowest since October 2014, the EIA said.
Energy A&D Transactions from the Week of June 29, 2022
Here’s a snapshot of recent energy deals including another acquisition by Earthstone Energy for the Permian Basin New Mexico assets of Titus Oil & Gas for $627 million.
Tellurian Awards Baker Hughes Contract for Driftwood Pipeline Project
Tellurian's subsidiary, Driftwood Pipeline, will commission Baker Hughes to provide decarbonization technology for its upcoming Lines 200 and 300 projects in southwest Louisiana.
On the Market Oil and Gas Quicklist (Week of June 29, 2022)
Here’s a quicklist of oil and gas assets on the market including a Mammoth Exploration Strawn Sand well package plus Salt Creek Oil and Gas nonop Williston Basin assets.
Petro-Hunt: The Searchers
Despite the Hunt family’s famous patriarch—legendary oil tycoon H.L. Hunt—Petro-Hunt LLC’s dealings, including a recent Permian Basin acquisition, remain a family affair.
Who’s Who in E&P A&D: SJ Resource Partners’ Sasha Gumprecht
SJ Resource Partners vice president of business development Sasha Gumprecht’s strategy for dealmaking is simple: build relationships.
Marketed: Stephens Operated STACK Opportunity
Stephens Natural Resources LLC and Stephens Energy Group LLC retained Detring Energy Advisors for the sale of operated STACK assets located in Blaine, Kingfisher, Garfield, Payne and Logan counties, Oklahoma.
Marketed: Sabine Oil & Gas East Texas Operated, Nonop Properties
Sabine Oil & Gas retained RedOaks Energy Advisors for the sale of certain operated and nonoperated properties located in East Texas that includes Haynesville refrac opportunities.
SEC’s Climate Disclosure Rules ‘Injects Confusion,’ Industry Claims
From BlackRock to shale producer CNX Resources, several groups in the industry expressed concerns over the SEC’s mandatory call to report Scope 3 emissions.
Chevron Achieves Top Environmental Scores for Texas, Colorado Upstream Assets
Project Canary's environmental assessment in Chevron's Permian and Denver-Julesburg basins positions the company to excel in the responsibly sourced natural gas market.
US Talking with India on Russia Oil Price Cap, Officials Say
"We have begun talks with India about how a price cap would work and what the implications would be," White House national security adviser Jake Sullivan said.
How the US Supreme Court Could Hobble Biden's Climate Efforts
The states have argued that the EPA exceeded its authority by trying to regulate CO2 under the Clean Air Act, which could have vast economic impacts.
Shell Prelude LNG Loading Disrupted for at Least 2 Weeks, Worsening Global Supply
Due to Australian union work bans, ongoing until July 14, Shell notified customers that there would be disruptions in LNG shipments for at least two weeks.
Interview: Exxon Mobil CEO Predicts Resurgence of Investment in Fossil Fuels
“It’s a question of how high prices eventually rise” to spur investment, says Exxon Mobil CEO Darren Woods.
Exxon Mobil, Imperial Sell Canada Shale Assets for $1.5 Billion Cash
Imperial and Exxon Mobil agreed to sell XTO Energy Canada, a jointly owned shale producer in Western Canada, in an all-cash transaction to Whitecap Resources.
Pemex Oil Exports to US Rise in May
While crude exports to “America”—which accounts mainly for the U.S.—were up, Mexico’s state-owned Pemex reported a significant cut in shipments to Europe and Asia.
US Authorities Make Checks on Oil Tanker Arriving from Russia
The Vitol-chartered vessel was shipping intermediate oil products including vacuum gasoil and fuel oil from Russia’s Taman port to New Orleans last week, according to a trading source and shipping data.
Biden Administration to Hold First Onshore Oil, Gas Lease Sale
The BLM lease sales will run June 29-30 and will cover more than 140,000 acres across eight Western states, posing a test of the oil and gas industry's demand for new prospects at a time of soaring global energy prices.
A Litmus Test for Methane Certification
The time is now to set up the rules of the road for a certified gas market that will rapidly draw down methane emissions and give U.S. producers the leading advantage.
Marketed: Mammoth Exploration Strawn Sand Well Package
Mammoth Exploration LLC retained EnergyNet for the sale of a Strawn Sand well package that includes overriding royalty interest in three producing horizontal wells in Scurry County, Texas.
Equinor, SSE to Buy UK’s Triton Power for $418 Million
Equinor and British renewable power generator and network operator SSE agreed to buy U.K.-based Triton on June 28 from private equity firm Energy Capital Partners for 341 million pounds (US$418.65 million).
US Gulf Coast Crude Oil Exports to Touch Record High This Quarter
Crude oil exports from the U.S. to Europe are expected to average 1.4 MMbbl/d this quarter after U.S. exports rose since the release of 180 MMbbl of oil from the Strategic Petroleum Reserve.
OPEC Boosts Oil Income in 2021, Well Completions Drop
OPEC raised oil output in 2021 but saw the number of active oil wells increase only slightly and the number of new completed wells decline, a factor in surging oil prices in 2022.
LLOG Exploration Announces First Production from Spruance Field in Deepwater GoM
LLOG Exploration Co. announced the first oil produced from its deepwater Gulf of Mexico Spruance Field, with 16,000 bbl/d of oil, as well as 13 MMcf/d of gas.
Earthstone Launches Another Deal to Add Titus’ Delaware into the Fold
The $627 million deal adds 86 net locations in the Permian Basin and boosts Earthstone Energy’s production by an estimated 26%.
How Shale Producers Can Deliver Oil and Gas for the Future
Because oil and gas will still be part of the energy mix, executives said it also makes sense to incentivize lower-carbon basins like the Bakken.
Algerian Gas Discovery Boosts Reserves, Sonatrach Says
A new discovery in the Hassi Rmel gas field in Algeria will grow the country's already increasing role as a key gas supplier for Italy, Spain and other southern European countries, according to Sonatrach.
Global Energy Consumption Topped Pre-pandemic Levels in 2021, Says BP
"The pronounced dip in carbon emissions in 2020 was only temporary," BP chief economist Spencer Dale announced in BP's 2021 Statistical Review of World Energy.