Latest From Hart Energy
Kimmeridge’s Dell: Every US Basin Contains Both High-quality Inventory, Risk
Inventory management is a problem for the E&P space, no matter the basin, said Kimmeridge Energy Management's Ben Dell at Hart Energy's Energy Capital Conference in Dallas.
Utica Oil E&P Infinity Natural Resources Latest to File for IPO
Utica Shale E&P Infinity Natural Resources has not yet set a price or disclosed the number of shares it intends to offer.
Private Equity Gears Up for Big Opportunities
The private equity sector is having a moment in the upstream space.
Venezuela Lost Citgo, But the Battle’s Not Over Yet
Amber Energy’s $7.3 billion purchase of Citgo fell well short of analyst’s valuations. PDVSA Ad Hoc expects to appeal the decision soon in its battle to protect its claim on Citgo.
Energy Transition in Motion (Week of Oct. 4, 2024)
Here is a look at some of this week’s renewable energy news, including the startup of a solar module manufacturing facility with an annual 2-gigawatt capacity.
Matterhorn Express Ramps Up Natural Gas Flow
The Matterhorn Express Pipeline flowed 317 MMcf of natural gas to customers on Oct. 1, according to East Daley Analytics.
US Drillers Cut Oil, Gas Rigs for Third Week in a Row
The oil and gas rig count fell by two to 585 in the week to Oct. 4.
Public Capital, Exploration & Production, Crude Oil, Natural Gas, Investment, Shale Plays, Energy Capital Conference
Sheffield: E&Ps’ Capital Starvation Not All Bad, But M&A Needs Work
Bryan Sheffield, managing partner of Formentera Partners and founder of Parsley Energy, discussed E&P capital, M&A barriers and how longer laterals could spur a “growth mode” at Hart Energy’s Energy Capital Conference.
Growth Through M&A: The Making of an Eagle Ford and Uinta Giant
Crescent Energy CEO discusses the expanding gravitational pull of Crescent after acquiring SilverBow and others.
Now, the Uinta: Drillers are Taking Utah’s Oily Stacked Pay Horizontal, at Last
Recently unconstrained by new rail capacity, operators are now putting laterals into the oily, western side of this long-producing basin that comes with little associated gas and little water, making it compete with the Permian Basin.
Chesapeake, Southwestern Complete Merger to Create Largest US Natgas Co.
Chesapeake Energy Corp. has closed on its $7.4 billion takeover of Southwestern Energy Co. to create Expand Energy.
Exclusive: Sheffield Clears the Air, Formentera is Not Just a PDP Buyer
Formentera Founder and Partner Bryan Sheffield delves into the company's drilling operations including the unique history of how Formentera took up assets in Australia's Beetaloo, in this Hart Energy Exclusive interview.
Texas Pacific Land Closes $290MM Permian Minerals, Royalties Deal
Texas Pacific Land Corp. acquired Permian Basin oil and gas minerals and royalties operated by Exxon Mobil, Diamondback Energy, Occidental Petroleum and ConocoPhillips.
The Karl Rove Oil Executive Poll Result: The Industry Is Not Happy
A show of no hands revealed more than 400 attendees at Hart Energy’s Energy Capital Conference are not happy with U.S. politics today—and have no confidence it will be better after Nov. 5.
Exxon Mobil Ramps Up $400MM CCS Project in Wyoming
The $400 million project will expand capture capacity by up to about 1.2 million metric tons of CO2 per year, Exxon Mobil said.
After BKV’s IPO, Is Market Open to More Public SMID Caps?
The market for new E&P and energy IPOs has been tepid since the COVID-19 pandemic. But investor appetite is growing for new small- and mid-sized energy IPOs, says Citigroup Managing Director Dylan Tornay.
US Navy Taps Sage Geosystems for Geothermal Initiatives in Texas
The expanded collaboration with the Department of Defense follows Sage-led geothermal initiatives at Fort Bliss and the Ellington Field Joint Reserve Base in Texas.
AI: Herald of New Shale Age or Last-ditch Effort to Save Industry?
AI’s ability to optimize may usher oil and gas into a new age—or simply improve on past unconventional recovery methods—depending on who you talk to.
RWE Breaks Ground on Battery Storage Project Trio in Texas
The Crowned Heron 1, Crowned Heron 2 and Cartwheel 1 projects will have a combined power capacity of 450 MW, RWE says.
Oxy’s 1PointFive Lands US Funding for Carbon Sequestration Hubs
1PointFive plans to use the funding to advance site characterization activities, permitting and environmental approvals for construction at each hub, Occidental said.
ContourGlobal Enters US with 151-MW Solar Acquisition
The solar projects are expected to begin commercial operations in 2029.
Gastech, Hart Energy Exclusive, Natural Gas, Liquefied Natural Gas (LNG), International, Energy Storage, Emissions
Exclusive: MET Eyes US LNG as European Natgas Demand Slows
Europe's MET Group has its eye on U.S. LNG as European natural gas demand is forecasted to decrease, said Benjamin Lakatos, chairman and CEO of MET Group, at Gastech 2024 in Houston.
SandRidge Recasts Management with New Chairman, CFO
SandRidge Energy has appointed Vincent Intrieri as chairman to succeed Jonathan Frates, who will transition to the role of executive vice president and CFO.
Mach Natural Resources Closes Two Midcontinent Deals
Mach purchased assets in the Anadarko and Ardmore basins for a total consideration of $136 million.
Politics Over Returns? Private Equity’s Renewables, Hydrocarbon Challenge
Private equity is a leader in clean energy investment, but it hasn’t been easy.
Uinta Railroad Up for Review as Supreme Court Term Begins
Court analysts say a decision on the proposed Uinta Basin railway, coming next year, could have a major impact on the energy industry.
Acquisitions & Divestitures, Liquefied Natural Gas (LNG), Natural Gas, Hart Energy Exclusive, Gastech
Exclusive: Enbridge’s Next Plans Post Dominion Acquisitions, More LNG
Enbridge’s Allen Capps shares the company’s long term growth solutions, and his optimism on gas prices, following completion of transformational natural gas deals with Dominion, in this Hart Energy Exclusive interview.
BOEM Greenlights Atlantic Shores South Offshore Wind Project
The approval pushes the U.S. closer to its goal of deploying 30 gigawatts of offshore wind energy capacity by 2030.
Prairie Operating Gets Output, Acreage Boost from Nickel Road M&A
Prairie Operating closed an acquisition of acreage and production in Weld County, Colorado, where the D-J Basin player is drilling its first Niobrara horizontals.
Ovintiv to Divest Permian Assets Amidst M&A Rumors
Ovintiv is marketing assets in the Permian Basin amidst rumors that the Denver-based E&P is looking to join in on the M&A frenzy.