Latest Hart Energy Exclusives

Less Heisenberg Uncertainty with Appraisal Wells

Less Heisenberg Uncertainty with Appraisal Wells

Equinor proves Heisenberg in the North Sea holds 25 MMboe to 56 MMboe, and studies are underway for a potential fast-track tieback development.

Heard from the Field U.S. Needs More Gas Storage

Heard from the Field: US Needs More Gas Storage

The current gas working capacity fits a 60 Bcf/d market — but today, the market exceeds 100 Bcf/d, gas executives said at CERAWeek by S&P Global.

EQT’s Toby Rice: US NatGas a Global ‘Decarbonizing Force’

EQT’s Toby Rice: US NatGas is a Global ‘Decarbonizing Force’

The shale revolution has unlocked an amazing resource but it is far from reaching full potential as a lot more opportunities exist, EQT Corp. President and CEO Toby Rice said in a plenary session during CERAWeek by S&P Global.

Michael Ducker, senior vice president of hydrogen infrastructure for Mitsubishi Power

Mitsubishi, Chevron Overcome Hydrogen, Storage Project Woes

ACES Delta developers say the project remains on track for 2025 startup, despite previous supply chain obstacles.

Oil Broadly Steady After Surprise US Crude Stock Drop

Stockpiles unexpectedly declined by 2 MMbbl to 445 MMbbl in the week ended March 15, as exports rose and refiners continued to increase activity.

Crescent Point Energy Corp. intends to change its name to Veren Inc

Crescent Point Energy to Rebrand as Veren Inc.

The company will seek shareholder approval for the change at its upcoming annual and special meeting of shareholders on May 10.

Proactive, not Reactive: Taking Measures to Keep Oil Stable

Proactive, not Reactive: Taking Measures to Keep Oil Stable

Events threatening instability are commonplace in the energy sector. Panelists at CERAWeek by S&P Global discussed the strategies their companies are taking to tackle uncertainty. 

Geothermal ‘Could Save the World,’ but Faces Familiar Subsurface Risks

Geothermal ‘Could Save the World,’ but Faces Familiar Subsurface Risks

CERAWeek panelists discussed hurdles to widespread use of Earth’s heat to generate power — problems familiar to oil and gas operators.

Jerry Jones Invests Another $100MM in Comstock Resources

Jerry Jones Invests Another $100MM in Comstock Resources

Dallas Cowboys owner and Comstock Resources majority shareholder Jerry Jones is investing another $100 million in the company.

US Proposes Second GoM Wind Lease Auction

US Proposes Second GoM Wind Lease Auction

Combined, the four proposed areas for offshore wind have the potential to power about 1.2 million homes if developed, according to the Interior Department.

Enbridge Fortifies Dominant Role in Corpus Christi Crude Transport

Enbridge Fortifies Dominant Role in Corpus Christi Crude Transport

Colin Gruending, Enbridge executive vice president and president for liquids pipelines told Hart Energy the company’s holdings in South Texas are akin to a “catcher’s mitt” for Permian and Haynesville production.

Moda Midstream II Receives Financial Commitment for Next Round of Development

Moda Midstream II Receives Financial Commitment for Next Round of Development

Kingwood, Texas-based Moda Midstream II announced on March 20 that it received an equity commitment from EnCap Flatrock Midstream.

Investors: Energy Transition is on Policy-Driven Life Support

Investors: Energy Transition is on Policy-driven Life Support

Injecting private capital into the energy transition is worrisome because some projects couldn’t survive without government incentives, panelists said at CERAWeek by S&P Global.

New Fortress Energy Acquires 1.6 GW Capacity Reserve Contract

New Fortress Energy Acquires 1.6 GW Capacity Reserve Contract

New Fortress Energy now has over 2.2 gigawatts of contracted power at Barcarena, Brazil, after acquiring a contract from Ceiba Energy.

BP Unveils First US EV Charging Site at Houston HQ

BP Unveils First US EV Charging Site at Houston HQ

BP said the Gigahub, which will be open to the public on April 2, will offer 24 “high-speed” EV charge points with Tritium 150 kW DC fast chargers.

CERAWeek: Sens. Manchin, Sullivan Say LNG Pause Needs to be Paused

CERAWeek: Sens. Manchin, Sullivan Say LNG Pause Needs to be Paused

U.S. Sens. Joe Manchin and Daniel Sullivan argued against the recent LNG pause announced by U.S. President Joe Biden, saying it creates doubts among allies and creates an opening for competitors as well as U.S. rival Russia.

US Eases Tailpipe Rules, Slows EV Transition Through 2030

The Biden administration is unveiling final rules on March 20 that make it easier for automakers to continue selling gas-powered models and slows the projected transition to electric vehicles through 2030.

With oil and gas subsurface and chemical expertise in hand, an extensive patent portfolio and plenty of leasehold, Occidental Petroleum is primed to grow its lithium business taking a “build, own and operate” approach.  Occidental is keeping pace with other E&Ps, most notably Exxon Mobil Corp., as a potential supplier of lithium.  Having merged intellectual property and technical knowhow from Simbol Material, a now defunct lithium tech startup and Occidental OxyChem and wholly owned subsidiary TerraLithium,

Occidental’s Lithium Technology ‘Ready for Prime Time’

Occidental is leaning towards a ‘build, own and operate’ approach to growing its direct lithium extraction business.

Freeport LNG Says Trains 1, 2 at Texas Facility May Shut Until May

Freeport LNG on March 20 said its Train 2 liquefaction unit at the Texas plant has been shut down, while Train 1 will be taken down imminently as it expects inspections and any subsequent repairs at both the units to be completed by May.

Marketed: DLH Capital 10 Well Package in Oklahoma

DLH Capital LLC has retained EnergyNet for the sale of a non-operated 10 well package in Blaine, Canadian, Dewey and Kingfisher counties, Oklahoma.

Marketed: Team Operating Gulf Coast Opportunity

Team Operating LLC has retained PetroDivest Advisors for the sale of certain oil and gas leasehold and related assets spanning multiple counties in Texas, Louisiana and Mississippi.

Gunvor Group Inks Purchase Agreement with Texas LNG Brownsville

Gunvor Group Inks Purchase Agreement with Texas LNG Brownsville

The agreement with Texas LNG Brownsville calls for a 20-year free on-board sale and purchase agreement of 0.5 million tonnes per annum of LNG for a Gunvor Group subsidiary.

CERAWeek: NextEra CEO: Growing Power Demand Opportunity for Renewables

CERAWeek: NextEra CEO: Growing Power Demand Opportunity for Renewables

Natural gas still has a role to play, according to NextEra Energy CEO John Ketchum.

ConocoPhillips CEO Ryan Lance: Upstream M&A Wave ‘Not Done’ Yet

ConocoPhillips CEO Ryan Lance: Upstream M&A Wave ‘Not Done’ Yet

Dealmaking in the upstream oil and gas industry totaled $234 billion in 2023. The trend shows no signs of slowing, ConocoPhillips CEO Ryan Lance said at the CERAWeek by S&P Global conference.

EIA: E&P Dealmaking Activity Soars to $234 Billion in ‘23

EIA: E&P Dealmaking Activity Soars to $234 Billion in ‘23

Oil and gas E&Ps spent a collective $234 billion on corporate M&A and asset acquisitions in 2023, the most in more than a decade, the U.S. Energy Information Administration reported.

Pembina Pipeline Wins Government’s OK on Pipeline, NGL Asset Deal

Pembina Cleared to Buy Enbridge's Pipeline, NGL JV Interests for $2.2B

Pembina Pipeline received a no-action letter from the Canadian Competition Bureau, meaning that the government will not challenge the company’s acquisition of Enbridge’s interest in a joint venture with the Alliance Pipeline and Aux Sable NGL fractionation facilities.

Chevron’s Wirth Says Guyana Important Deal

Chevron CEO Talks Guyana M&A, Exxon Dispute

Chevron Corp. CEO Mike Wirth said during CERAWeek by S&P Global that California’s company’s plan to acquire Hess Corporation, and specifically its 30% interest in the Guyana offshore Stabroek Block, was an important deal as well as good one.

Diversified Energy Buys NatGas Assets in Runup to LNG Exports

Diversified Energy Buys NatGas Assets in Runup to LNG Exports

Diversified Energy will pay $386 million to buy 100% interest in Oaktree Capital Management’s assets in Oklahoma, East Texas and Louisiana.

Viridi Energy Acquires Biosolids Plant in Maine for RNG
RNG

Viridi Energy Acquires Maine Biosolids Plant for RNG

Viridi Energy plans to turn the biosolids digest plant into a waste-to-RNG facility.

CERAWEEK: LNG to Play Critical Role in Shell's Future, CEO Says

CERAWeek: LNG to Play Critical Role in Shell's Future, CEO Says

Sawan said LNG will continue to play a critical role adding that LNG currently makes up around 13% of gas sales but was expected to grow to around 20% in the coming 15 to 20 years.