Latest From Hart Energy
Amplify to Add DJ, Powder River Assets in Merger Agreement with Juniper Capital
Amplify Energy Corp. is combining with certain Juniper Capital portfolio companies in a merger agreement that adds 287,000 acres in the Denver-Julesburg and Powder River basins.
Formentera Joins EOG in Wildcatting South Texas’ Oily Pearsall Pay
Known in the past as a “heartbreak shale,” Formentera Partners is counting on bigger completions and longer laterals to crack the Pearsall code, Managing Partner Bryan Sheffield said. EOG Resources is also exploring the shale.
Spartan Delta Ups Bought Deal Financing to $59MM
Underwriters have agreed to purchase approximately 22.2 million of Spartan Delta Corp. common shares, for resale to the public, at CA$3.82 per share (US$2.66), the company said.
Riverstone’s Leuschen Plans to IPO Methane-Mitigation-Focused SPAC
The SPAC will be Riverstone Holdings co-founder David Leuschen’s eighth, following the Permian Basin’s Centennial Resources, the Anadarko’s Alta Mesa Holdings and the Montney’s Hammerhead Resources.
Gigablue Enters CCS Agreement with Investment Firm SkiesFifty
Carbon removal company and investment firm SkiesFifty have partnered to sequester 200,000 tons of CO2 over the next four years.
Colonial Shuts Pipeline Due to Potential Gasoline Leak
Colonial Pipeline, the largest refined products pipeline operator in the United States, said on Jan. 14 it was responding to a report of a potential gasoline leak in Paulding County, Georgia and that one of its mainlines was temporarily shut down.
Permian to Drive Output Growth as Other Basins Flatten, Decline–EIA
Lower 48 oil production from outside the Permian Basin—namely, the Bakken and Eagle Ford shales—is expected to flatten and decline in coming years, per new EIA forecasts.
Norway Awards Equinor 27 Production Licenses in Latest Round
Equinor ASA, Aker BP ASA, Vår Energi ASA and DNO ASA were selected for the most offshore licenses in Norway’s annual licensing rounds.
ADNOC Contracts Flowserve to Supply Tech for CCS, EOR Project
Abu Dhabi National Oil Co. has contracted Flowserve Corp. for the supply of dry gas seal systems for EOR and a carbon capture project at its Habshan facility in the Middle East.
Hess Midstream Signs Deal to Repurchase $100MM of Class B Units
Hess Midstream said the repurchase is expected to result in increased distributable cash flow per Class A share.
Guyana Exported a Total of 225 Crude Cargoes in 2024
Guyana, Latin America's newest oil producer, is now the region's fifth largest crude exporter after Brazil, Mexico, Venezuela and Colombia.
Policy & Regulations, Acquisitions & Divestitures, Crude Oil, Liquefied Natural Gas (LNG), Natural Gas, Shale Plays, Drilling, New Energies, ESG
Pickering Prognosticates 2025 Political Winds and Shale M&A
For oil and gas, big M&A deals will probably encounter less resistance, tariffs could be a threat and the industry will likely shrug off “drill, baby, drill” entreaties.
API: Congress Needed for Long-Lasting Policy Changes
The American Petroleum Institute lays out its political plans as the next presidential administration prepares to take office.
Enhanced Oil Recovery, Unconventional, Shale Plays, Service & Supply, Natural Gas, Crude Oil, Digital Oilfield, Emissions
Pioneer Energy’s Tech Offers More Pad Throughput, Fewer Emissions
Pioneer Energy’s Emission Control Treater technology reduces emissions and can boost a well’s crude yield by 5% to10%, executives say.
Langford Enters Midland Basin with Murchison Oil and Gas Deal
Langford Energy Partners closed on an acquisition of 8,000 acres in the Midland Basin from Murchison Oil and Gas LLC.
More Uinta, Green River Gas Needed as Western US Demand Grows
Natural gas demand in the western U.S. market is rising, risking supply shortages later this decade. Experts say gas from the Uinta and Green River basins will make up some of the shortfall.
Discoveries, Field Development, Deepwater, Exploration & Production, Artificial Intelligence, Natural Gas, Crude Oil, Technology
E&P Highlights: Jan. 13, 2025
Here’s a roundup of the latest E&P headlines, including Chevron starting production from a platform in the Gulf of Mexico and several new products for pipelines.
USA BioEnergy Secures Texas Land for $2.8B Biorefinery
USA BioEnergy subsidiary Texas Renewable Fuels plans to annually convert 1 million tons of forest thinnings into 65 million gallons of net-zero transportation fuel, including SAF and renewable naphtha.
Minerals M&A to Heat Up in ‘25 with $4B Diamondback Sale–KeyBanc
KeyBanc analysts expect an “imminent” Diamondback Energy dropdown to Viper Energy and at least a couple of $500 million deals by public mineral and royalty companies in 2025, with Sitio Royalties a likely acquirer.
Atlas Energy’s Dune Express Makes First Proppant Delivery to NM
Atlas Energy Solutions’ 42-mile Dune Express fully electric conveyor system delivered its first commercial load of proppant sand from Texas to New Mexico on Jan. 12.
Plains All American Prices First M&A Bond of Year
U.S. integrated midstream infrastructure company Plains All American Pipeline on Jan. 13 priced a $1 billion investment-grade bond offering, the year's first to finance an acquisition.
Chevron Names Laura Lane as VP, Chief Corporate Affairs Officer
Laura Lane will succeed Al Williams in overseeing Chevron Corp.’s government affairs, communication and social investment activities.
Venture Global Targets $110B in Massive IPO
Venture Global is expected to pitch its IPO to investors by Jan. 17 to rival the largest energy IPOs on record.
Pioneer to Adapt Emvolon’s Flare Gas-to-Methanol Tech
The Department of Energy awarded Pioneer Energy $6 million to demonstrate the technology at an oil and gas facility in the Eagle Ford Shale for 12 months.
What's Affecting Oil Prices This Week? (Jan. 13, 2025)
Stratas Advisors expect that there is some room for oil prices to move higher this week, but the price of Brent crude oil will struggle to breakthrough $82.50.
EU Plans to Let Gas Price Cap Expire, Sources Say
The EU intends to let its gas price cap expire as scheduled at the end of this month, EU diplomats said.
Devon Energy Announces Changes to Executive Leadership Team
Among personnel moves, Devon Energy announced John Raines and Trey Lowe have been promoted to senior vice president roles.
Panama Canal Traffic Rose in Dec, but Waterway Still Has Empty Slots
Some vessels, including LNG tankers, have continued using alternative routes due to the canal's increase in passage fees in the last decade.
Shale Consolidation Aftermath: The Field Narrows
Widespread consolidation has reshaped the list of top public producers, says Enverus CEO Manuj Nikhanj.
Montana Renewables Closes $1.44B DOE Loan for Facility Expansion
The expansion project will lift annual production capacity to about 300 million gallons of sustainable aviation fuel (SAF) and 330 million gallons of combined SAF and renewable diesel.