Latest From Hart Energy
Standard Lithium, Equinor Win $225MM DOE Grant for Lithium Project
Equinor and Standard Lithium aim to reach a final investment decision on its South West Arkansas lithium project in the Smackover Formation by year-end 2025.
BP Cuts Over 5% of Workforce to Reduce Costs
BP will cut over 5% of its global workforce as part of efforts to reduce costs and rebuild investor confidence.
Cushing Crude Storage Levels Near All-Time Lows
Near-empty tanks can cause technical and price problems with oil, an East Daley Analytics analyst says.
Bernstein Expects $5/Mcf Through 2026 in ‘Coming US Gas Super-Cycle’
Bernstein Research’s team expects U.S. gas demand will grow from some 120 Bcf/d currently to 150 Bcf/d into 2030 as new AI data centers and LNG export trains come online.
Artificial Lift Firm Flowco Prices IPO Above Guidance at $427MM
Flowco Holdings priced its IPO at $24 per share, above its original guidance. The oilfield services firm will begin trading on the New York Stock Exchange on Jan. 16.
Talos Energy’s Katmai West #2 Well Hits Oil, Gas Pay in GoM
Combined with the Katmai West #1 well, the Katmai West #2 well has nearly doubled the Katamai West Field’s proved EUR to approximately 50 MMboe gross, Talos Energy said.
Origis Secures $1B in New Investments from Brookfield, Antin
Brookfield Asset Management is joining Origis Energy’s investor group alongside existing investor and majority owner Antin Infrastructure Partners.
Green Lantern Sells Vermont Solar Project to Sea Oak Capital
Green Lantern Solar’s 500-kW Brighton Solar project is sited on the closed portion of an operating family-owned gravel operation.
Trump to End Need for Some LNG Export Permit Renewals, Sources Say
Trump, who takes office on Jan. 20, has said he would issue an LNG order on day one that would end the pause on approvals for new LNG projects that outgoing President Joe Biden put in place in January last year.
Aker Solutions, Siemens to Begin Offshore UK Wind Farm Work
Aker Solutions and Siemens Energy will work on wind farms in the U.K. North Sea that are part of RWE’s 4.2-gigawatt Norfolk Offshore Wind Zone.
As Energy Secretary, Wright Would Remove Barriers to Projects
Liberty Energy CEO Chris Wright, Trump’s nominee to head the Department of Energy, said removing bureaucratic barriers to project development would be a top priority during a Senate confirmation hearing on Jan. 15.
Natural Gas Demand to Grow with Data Centers, Rystad Says
Utility companies are planning 17.5 GW of new gas-fired capacity in the coming years in preparation to meet increasing power demands from data centers.
US Crude Oil Stocks, Excluding SPR, Fall to 2-Year Low, EIA Says
Crude inventories fell by 2 MMbbl to 412.7 MMbbl in the week ending Jan. 10, the EIA said, compared with analysts' expectations in a Reuters poll for a 992,000-bbl draw.
Report: Will Civitas Sell D-J Basin, Buy Permian’s Double Eagle?
Civitas Resources could potentially sell its legacy Colorado position and buy more assets in the Permian Basin— possibly Double Eagle’s much-coveted position, according to analysts and media reports.
Pipelines, CCS/CCUS, Carbon Management, Policy & Regulations, Natural Gas, Liquefied Natural Gas (LNG)
Bracewell: Many Await Updates to Existing CO2 Pipeline Safety Regulations
Pipeline proponents are facing challenges and have been hampered by the lack of clarity regarding CO2 pipeline safety regulations.
Big Spenders: EPA Touts Billions in Clean Energy Spending
Nearly $69 billion in funding from the Inflation Reduction Act and Bipartisan Infrastructure Law has been dispersed by the Environmental Protection Agency in its clean energy push.
Amplify to Add D-J, 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.
GeoPark Ends Plans to Purchase Repsol’s Colombian Assets
Repsol’s partners exercised their rights to acquire Repsol Colombia O&G Ltd., which included interest in CPO-9 Block and SierraCol Energy Arauca LLC, after the purchase was announced.
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.