Latest From Hart Energy
Lake Charles LNG Selects Technip Energies, KBR for Export Terminal
Lake Charles LNG has selected KTJV, the joint venture between Technip Energies and KBR, for the engineering, procurement, fabrication and construction of an LNG export terminal project on the Gulf Coast.
Entergy Picks Cresent Midstream to Develop $1B CCS for Gas-fired Power Plant
Crescent will work with SAMSUNG E&A and Honeywell on the project.
FERC Chair: DC Court ‘Erred’ by Vacating LNG Permits
Throwing out the permit for Williams’ operational REA project in the mid-Atlantic region was a mistake that could cost people “desperately” reliant on it, Chairman Willie Phillips said.
Diamondback to Sell $2.2B in Shares Held by Endeavor Stockholders
Diamondback Energy, which closed its $26 billion merger with Endeavor Energy Resources on Sept. 13, said the gross proceeds from the share’s sale will be approximately $2.2 billion.
Optimizing Direct Air Capture Similar to Recovering Spilled Wine
Direct air capture technologies are technically and financially challenging, but efforts are underway to change that.
Analyst: Is Jerry Jones Making a Run to Take Comstock Private?
After buying more than 13.4 million Comstock shares in August, analysts wonder if Dallas Cowboys owner Jerry Jones might split the tackles and run downhill toward a go-private buyout of the Haynesville Shale gas producer.
Matador Offers $750 Million in Senior Notes Following Ameredev Deal
Matador Resources will offer $750 million in senior notes following the close of its $1.83 billion Ameredev II acquisition.
Worley CEO: Combative Politics Complicating Regulations, Incentives
From LNG to direct air capture, Chris Ashton, CEO of Worley, said economic incentives aren’t “on a pace and scale that are necessary for us to move things forward.”
US Drillers Cut Oil, Gas Rigs for Fifth Week in Six, Baker Hughes Says
U.S. energy firms this week resumed cutting the number of oil and natural gas rigs after adding rigs last week.
Energy Transition in Motion (Week of Sept. 20, 2024)
Here is a look at some of this week’s renewable energy news, including funding for a direct lithium extraction project in Arkansas.
Aethon, Murphy Refinance Debt as Fed Slashes Interest Rates
The E&Ps expect to issue new notes toward redeeming a combined $1.6 billion of existing debt, while the debt-pricing guide—the Fed funds rate—was cut on Sept. 18 from 5.5% to 5%.
Electrification Lights Up Need for Gas, LNG
As global power demand rises, much of the world is unable to grasp the need for gas or the connection to LNG, experts said.
Rice: EQT Walking the Walk on Natgas Emissions, Despite Politics
Methane emissions are falling in parts of the world as companies such as EQT, led by CEO Toby Rice, make strides to reduce emissions in their operations, although the task is not without challenges.
Ryan Lance: ConocoPhillips Wants to ‘Double’ LNG Project Portfolio
ConocoPhillips aims to ingrain itself into the global LNG ecosystem, from shale gas output at the wellhead to liquefaction to shipping to regasification in Europe and Asia, CEO Ryan Lance said.
Barnett Shale’s BKV to Launch Delayed IPO of Natgas-focused E&P
BKV Corp. has positioned itself as an LNG supplier near Gulf Coast markets with production averaging 718 MMcfe/d across about 460,000 Barnett acres, supported by 778 miles of associated gas gathering pipelines and 65 compression units.
Battalion Accepts Smaller Buyout Offer From Fury Resources
Permian Basin producer Battalion Oil agreed to an updated proposal to be acquired by Fury Resources for $7 per share in cash after an initial offer last year of $9.80 per share.
Vistra Buys Remaining Stake in Subsidiary Vistra Vision for $3.2B
Vistra Corp. will become the sole owner of its subsidiary Vistra Vision LLC, which owns various nuclear generation facilities, renewables and an energy storage business.
Energy Transition’s Big Ticket Item? $1.5T in Natgas Infrastructure
Energy executives from companies such as Cheniere and Woodside are planning for the energy transition—and natural gas as part of it.
Macquarie Sees Potential for Large Crude Draw Next Week
Macquarie analysts estimate an 8.2 MMbbl draw down in U.S. crude stocks and exports rebound.
Aethon to Offer $1B in Private Sale of Senior Notes
Aethon United, managed by Aethon Energy Management, said proceeds would go toward buying notes due in 2026
EIA Reports Natural Gas Storage Jumped 58 Bcf
The weekly storage report, released Sept. 19, showed a 58 Bcf increase from the week before, missing consensus market expectations of 53 Bcf, according to East Daley Analytics.
RNG Producer OPAL Recovers 25% of Capex from Tax Credits Sale
OPAL Fuels, which sold tax credits for $11.1 million, indicated that its capex for the Emerald RNG facility is approximately $45 million, according TPH & Co.
Kimmeridge Signs Natgas, LNG Agreement with Glencore
Under the terms of the agreement, set to be finalized later this year, Glencore will purchase 2 mtpa of LNG from Commonwealth LNG and source natural gas from Kimmeridge Texas Gas.
Matador Closes $1.8B Ameredev Deal, Updates Asset Development Plans
Matador Resources’ $1.83 billion bolt-on acquisition of the Delaware Basin’s Ameredev II adds 33,500 acres and brings the company’s inventory to approximately 2,000 net locations.
TotalEnergies Signs LNG Agreements in China, Turkey
TotalEnergies announced two separate long-term LNG sales in China and a non-binding agreement with Turkey’s BOTAŞ in an effort to grow its long-term LNG sales.
Western Haynesville Wildcats’ Output Up as Comstock Loosens Chokes
Comstock Resources reported this summer that it is gaining a better understanding of the formations’ pressure regime and how best to produce its “Waynesville” wells.
‘Misguided’ Approach to Energy Transition Threatens Energy Security
International Energy Forum Secretary General Joseph McMonigle says a single, linear pathway to the energy transition is “misguided and an outdated approach.”
Vitol CEO: US Shale Gas Growing Source of Shipping, Trucking Fuel
International commodities trading house Vitol sees growing demand for U.S. shale gas to spur LNG exports to China, India and emerging economies in Asia.
August Well Permits Rebound in August, led by the Permian Basin
Analysis by Evercore ISI shows approved well permits in the Permian Basin, Marcellus and Eagle Ford shales and the Bakken were up month-over-month and compared to 2023.
Kolibri Global Drills First Three SCOOP Wells in Tishomingo Field
Kolibri Global Energy reported drilling the three wells in an average 14 days, beating its estimated 20-day drilling schedule.