Latest From Hart Energy

PrairieSky Buys Canadian Mineral Interests in Deals Totaling $57MM

PrairieSky Royalty Ltd. acquired royalty interests in December and January deals in Alberta and Saskatchewan, Canada.

Element3 Produces Lithium Carbonate from Permian Oil, Gas Wastewater

Element3 says it produced the battery-grade lithium carbonate using a Double Eagle Energy Holding subsidiary’s wastewater in the Midland Basin.

E&P Highlights: Feb. 10, 2025

Here’s a roundup of the latest E&P headlines, from a Beetaloo well stimulated in Australia to new oil production in China.

Hart Energy Acquired by Crain Communications Inc.

Hart Energy has been acquired by privately held publisher Crain Communications Inc.

TGS Awarded Two More Streamer Contracts Offshore Norway

Data and intelligence TGS provider now has six contracts scheduled on the Norwegian Continental Shelf.

PE Firm Bluewater to Sell Apex International Energy

Since Bluewater first invested in Apex International Energy in 2018, the company has grown to be one of the top 10 upstream producers in Egypt.

Energy Transfer Signs First Deal to Supply Data Center with NatGas

Energy Transfer LP agreed to provide up to 450,000 MMBtu/d of natural gas to CloudBurst Data Centers Inc.’s flagship AI-focused development in Central Texas.

Petro-Victory Buys Oil Fields in Brazil’s Potiguar Basin

Petro-Victory Energy is growing its footprint in Brazil’s onshore Potiguar Basin with 13 new blocks, the company said Feb. 10.

Microsoft Taps EDPR for Solar Power in Illinois, Texas

The three solar projects have a combined capacity of 400 megawatts, according to EDP Renewables North America.

What's Affecting Oil Prices This Week? (Feb. 10, 2025)

President Trump calls for members of OPEC+ and U.S. shale producers to supply more oil to push down oil prices to the neighborhood of $45/bbl.

Copenhagen Infrastructure Partners Selects Canadian Solar for Energy Storage Systems

Construction on the 240-megawatt battery energy storage system in South Australia is expected to start in 2025, Canadian Solar says.

Activist Elliott Builds Stake in Oil Major BP, Source Says

U.S.-based Elliott is seeking to boost shareholder value by urging BP to consider transformative measures, Bloomberg News reported Feb. 8.

IPO

Infinity Natural Resources’ IPO Nets Another $37MM

Underwriters of Infinity Natural Resources’ January IPO have fully exercised options to purchase additional Class A common stock at $20 per share.

Venture Global’s Calcasieu Pass LNG Project Gets Boost from FERC

The Federal Energy Regulatory Commission released a report responding to an appellate court’s questions over Venture Global LNG’s Calcasieu Pass 2 project.

Equinor Commences First Tranche of $5B Share Buyback

Equinor began the first tranche of a share repurchase of up to $5 billion.

Expand CFO: ‘Durable’ LNG, Not AI, to Drive US NatGas Demand

About three-quarters of future U.S. gas demand growth will be fueled by LNG exports, while data centers’ needs will be more muted, according to Expand Energy CFO Mohit Singh.

Energy Transition in Motion (Week of Feb. 7, 2025)

Here is a look at some of this week’s renewable energy news, including a milestone for solar module manufacturing capacity.

US Drillers Add Oil, Gas Rigs for Second Week in a Row, Baker Hughes Says

Despite this week's rig increase, Baker Hughes said the total count 6% below this time last year.

Paisie: Assessing an Uncertain Energy Future in Three Scenarios

Several years ago, Stratas Advisors developed three long-term energy scenarios. A scenario depicting greater market volatility in an increasingly unstable world is appearing more likely.

Prairie Operating to Buy Bayswater D-J Basin Assets for $600MM

Prairie Operating Co. will purchase about 24,000 net acres from Bayswater Exploration & Production, which will still retain assets in Colorado and continue development of its northern Midland Basin assets.

AltaGas, Keyera Come to Mutual Agreements to Leverage Infrastructure

Canadian midstream companies AltaGas and Keyera have signed mutually beneficial, long-term contracts for NGLs and fractionation.

GPA Midstream Files Petitions Against Methane Tax

The GPA Midstream Association joins a number of states that have filed a suit against the implementation of a waste emissions charge.

The Aggregators: Avant’s Winning Formula to Deliver Returns

Avant Natural Resources buys small, sells big and is loving every minute of it.

ConocoPhillips Sells $600MM in Noncore Permian Basin Assets

Following its $22.5 billion deal to buy Marathon Oil, ConocoPhillips is targeting $2 billion in asset sales— a goal a company executive said would largely be achieved this year.

Trans Mountain Says Projects Could Expand Pipeline Capacity by 300,000 bbl/d

Trans Mountain is looking at expansion projects in the short and long terms that could add between 200,000 bbl/d and 300,000 bbl/d of capacity to the company's system. 

PotlatchDeltic Enters Lithium, Bromine Lease Agreement in Arkansas

PotlatchDeltic’s agreement with gives Tetra Brine Leaseco covers about 900 surface acres in Lafayette County, PotlatchDeltic says.

Mach Prices Common Units, Closes Flycatcher Deal

Mach Natural Resources priced a public offering of common units following the close of $29.8 million of assets near its current holdings in the Ardmore Basin on Jan. 31.

Hamm: Interior, DOE Leadership is a ‘Dream Team’

Harold Hamm, U.S. energy policy influencer and founder of wildcatter Continental Resources, said his top choices of Interior Secretary Doug Burgum and newly confirmed Energy Secretary Chris Wright will be a “dream team of unimaginable proportions.”

LNG, Data Centers, Winter Freeze Offer Promise for NatGas in ‘25

New LNG export capacity and new gas-fired power demand have prices for 2025 gas and beyond much higher than the early 2024 outlook expected. And kicking the year off: a 21-day freeze across the U.S.

TPG to Buy Solar Company Altus Power, Take Private in $2.2B Deal

TPG's all-cash acquisition, being made through the TPG Rise Climate Transition Infrastructure strategy, takes the public company Altus Power private at a 66% premium to the company's Oct. 15 share price.