Latest From Hart Energy
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%.
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.
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.
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.
Golar LNG Enters $1.6B EPC Agreement for FLNG Project
Golar said the floating LNG vessel has a liquefaction capacity of 3.5 million tons of LNG per annum and is expected to be delivered in fourth-quarter 2027.
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.
Woodside to Maintain at Least 50% Interest in Driftwood LNG
Australia’s Woodside Energy plans to maintain at least a 50% interest in the 27.6 mtpa Driftwood LNG project that it's buying from Tellurian, CEO Meg O’Neill said during a media briefing at Gastech in Houston.
Honeywell, SAMSUNG E&A to Collab on CCUS Solutions
SAMSUNG E&A will leverage Honeywell's carbon capture technologies, in particular Honeywell’s advanced solvent carbon capture technology.
Bayou Midstream Secures New Equity Commitment from EIV Capital
Bayou Midstream II’s commitment from EIV Capital follows Bayou’s predecessor company's successful exit of Bakken infrastructure in 2024 to Bridger Pipeline.
Energy Transfer Says La Porte Pipeline Fire is Burning Itself Out
Analysts said they suspect that the pipeline is Energy Transfer’s Justice pipeline, and that news of the blaze has sent prices of propane and butane up since markets closed on Sept. 13.
WhiteHawk Energy Adds Marcellus Shale Mineral, Royalty Assets
WhiteHawk Energy LLC said it acquired Marcellus Shale natural gas mineral and royalty interests covering 435,000 gross unit acres operated by Antero Resources, EQT, Range Resources and CNX Resources.
Despite Progress, Hydrogen Faces ‘Sobering Realities’
A $335 billion investment gap may put 2030 targets toward net-zero ambitions in jeopardy.
Permian Resources Closes $820MM Bolt-on of Oxy’s Delaware Assets
The Permian Resources acquisition includes about 29,500 net acres, 9,900 net royalty acres and average production of 15,000 boe/d from Occidental Petroleum’s assets in Reeves County, Texas.
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.
TPH: LNG Agreements Start to Materialize, but Most Non-binding
Since the end of April, U.S. LNG export facilities have made agreements totaling 16 mtpa, or 72% of the year’s 22.5 mtpa in offtake agreements.
Seadrill to Adopt Oil States’ Offshore MPD Technology
As part of their collaboration, Seadrill will be adopting Oil States International’s managed pressure drilling integrated riser joints in its offshore drilling operations.
New FERC Commissioner Calls Slow Permitting Process ‘Huge Problem’
FERC Commissioner David Rosner said the commission is aware that the permitting process is too slow overall at Gastech Houston 2024.