Latest From Hart Energy
Scout Taps Trades, Farm-Outs, M&A for Uinta Basin Growth
With M&A activity all around its Utah asset, private producer Scout Energy Partners aims to grow larger in the emerging Uinta horizontal play.
E&P Consolidation Ripples Through Energy Finance Providers
Panel: The pool of financial companies catering to oil and gas companies has shrunk along with the number of E&Ps.
Utica Oil E&P Infinity Natural Resources’ IPO Gains 7 More Bankers
Infinity Natural Resources’ IPO is expected to provide a first-look at the public market’s valuation of the Utica oil play.
Exclusive: Trump Poised to Scrap Most Biden Climate Policies
From methane regulations and the LNG pause to scuttling environmental justice considerations, President-elect Donald Trump is likely to roll back Biden era energy policies, said Stephanie Noble, partner at Vinson & Elkins.
FERC Gives KMI Approval on $72MM Gulf Coast Expansion Project
Kinder Morgan’s Texas-Louisiana upgrade will add 467 MMcf/d in natural gas capacity.
First Helium Plans Drilling of Two Oil Targets in Alberta
First Helium Inc. has identified 10 other sites in the Leduc formation.
Gran Tierra Enters Montney Shale JV with Logan Energy
In addition to its joint venture with Logan Energy Corp., Gran Tierra Energy Inc. also announced a seventh successful discovery well in Ecuador.
IndustryVoice: Powering Efficiency: Leveraging GenAI Tools for Operational Excellence in the Energy Industry
Artificial intelligence, including the need for more data centers to power them, is expected to increase the domestic demand for natural gas. But the oil and gas industry also is poised to benefit much more from the use of generative AI (GenAI) to boost its own efficiencies.
Valeura Energy Updates Jasmine Development Offshore Thailand
Valeura Energy has seen aggregate oil production of 10,000 bbl/d in its offshore Gulf of Thailand development over a seven-day period.
Analysts: Trump’s Policies Could Bring LNG ‘Golden Era’ or Glut
Rystad warns that too many new LNG facilities could spell a glut for export markets.
Despite Big Oil’s SAF Ramp Up, Concerns Linger as Trump 2.0 Nears
Concerns remain about the scaleup of sustainable aviation fuel under a Trump administration, even as some see progress continuing as the world demands cleaner fuels and Big Oil steps up.
Pitts: US Energy Pioneers, Capital Wanted for Vaca Muerta
Despite its vast potential, Argentina lacks the resources—both in capital and technical expertise—to fully tap the potential of the Vaca Muerta play.
Spruce Power Buys Solar Residential Portfolio in New Jersey
Spruce Power bought the 91-megawatt residential portfolio from New Jersey Resources’ Clean Energy Ventures in a $132.5 million deal.
Shale Plays, Acquisitions & Divestitures, Crude Oil, Transactions, Executive Oil Conference, Hart Energy Exclusive
Exclusive: Permian’s Relevance in US Oil Production Expected to Increase
Jefferies’ Pete Bowden, the global head of industrial, energy and infrastructure investing, discussed the trajectory of the Permian Basin’s production and the future of M&A in the increasingly consolidated region, in this Hart Energy Exclusive interview.
Japan’s Toyo to Buy Houston Area Solar Module Production Facility
Toyo says it plans to start production of 1 GW of annual module capacity by mid-2025 and reach 2.5 GW by the end of 2025.
Pipelines, Construction, Natural Gas, Natural Gas liquids (NGL), Executive Oil Conference, Gathering & Processing
Midstreamers Say Need for More Permian NatGas Pipelines Inevitable
The Permian Basin’s associated gas output could outstrip the region’s planned capacity well before the end of the decade, pipeline company executives said.
New Fortress Makes Headway on $2.7B Debt Refinancing
New Fortress Energy Inc. anticipates raising approximately $325 million in gross proceeds through the refinancing.
Equinor Exercises Option for Three Havila Vessels
Equinor ASA uses the vessels to support its North Atlantic, North Sea platforms.
Kissler: Wildcards That Could Impact Oil, Gas Prices in 2025
Geopolitics and weather top the list of trends that will determine the direction of oil and gas.
Power Players: Riley Permian Natgas, Conduit Electrifying Permian
Riley Permian and Conduit Power are working together to use natural gas to power the Permian Basin and ERCOT.
Trump Tariff Threat Raises Consternation Among Oil Lobbying Groups
Late Nov. 25, President-elect Donald Trump said one of his first executive orders would be to enact a 25% tariff on “all products” originating from Canada and Mexico, a move that could escalate refined products prices.
Oxy Aims to Expand Lithium Tech to Arkansas
Occidental Petroleum CEO Vicki Hollub confirms the Arkansas leases with its TerraLithium subsidiary that could expand its joint venture with Warren Buffett’s BHE Renewables.
California Resources Names Crespy as Executive VP, CFO
Clio C. Crespy has worked on some of California Resources’ “most significant” projects, including the Carbon TerraVault joint venture and the direct air capture hub at Elk Hills, said CEO Francisco Leon.
Geologist James Parr Joins Ring as EVP of Exploration, Geosciences
James Parr joins Ring Energy with over 30 years of experience as a petroleum geologist and leader in multiple energy organizations.
DNOW Closes Cash Acquisition of Water Service Company Trojan Rentals
DNOW Inc.’s acquisition of Trojan Rentals LLC is its third purchase aimed at providing a holistic water management solution to the market, the company said.
Trump Prepares Wide-Ranging Plans to Boost Gas Exports, Oil Drilling
Sources say that Trump will lift Biden's pause on LNG export licenses, expedite drilling permits on federal land and boots auctions of offshore drilling leases.
Digital Oilfield, Completions, Well Stimulation, Artificial Intelligence, Machine Learning, Shale Plays, Executive Oil Conference
Push-Button Fracs: AI Shaping Well Design, Longer Laterals
From horseshoe wells to longer laterals, NexTier, Halliburton and ChampionX are using artificial intelligence to automate drilling and optimize completions.
Shale Plays, Acquisitions & Divestitures, Crude Oil, Natural Gas, Exploration & Production, Transactions
Jefferies: With Permian Locked Up, E&Ps Hunt for New L48 Runway
With the core of the Permian Basin largely locked up, “intrepid operators” are hunting for runway in more nascent Lower 48 basins and in less developed Permian benches.
IndustryVoice: Phoenix Capital Group's Innovative Path to Success in the Williston Basin
In just five years, Phoenix Capital Group has combined technological innovation and a direct-to-investor financing approach to position itself as a leading operator in North Dakota’s Williston Basin.
E&P Highlights: Nov. 25, 2024
Here’s a roundup of the latest E&P headlines, including North Sea production updates as well as major offshore contracts and a transfer of interests by Exxon in Suriname.