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.

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.

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.

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.

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.