Latest From Hart Energy
Phillips 66 Weighs Divestments, Targets Renewable Fuel Increase
Phillips 66 looks to boost renewable fuels production by 67% through the end of the second quarter 2024 at its Rodeo complex in San Francisco while weighing a potential divestiture of its retail marketing businesses in Austria and Germany.
Chouest Acquires ROV Company ROVOP to Expand Subsea Capabilities
With the acquisition of ROVOP, Chouest will have a fleet of more than 100 ROVs.
Sage Geosystems Advances Commercial-scale Energy Storage Facility
The 3-megawatt facility in Texas is expected to become the world’s first commercial geopressured geothermal system when it’s commissioned in December.
Chesapeake Stockpiles DUCs as Doubts Creep in Over Southwestern Deal
Chesapeake Energy is stockpiling DUCs until demand returns through growth from LNG exports, power generation and industrial activity.
Tellurian Reports Driftwood LNG Progress Amid Low NatGas Production
Tellurian’s Driftwood LNG received an extension through 2029 with authorization from the Federal Energy Regulatory Commission and the U.S. Army Corps of Engineers.
Zeta Energy Appoints Michael Everett as COO
Prior to joining Zeta Energy, a lithium-sulfur battery developer, Michael Everett previously served as president and COO at Advanced Battery Concepts.
NuStar Energy Unitholders Approve Merger with Sunoco
The transaction is expected to close on or about May 3, in which NuStar Energy LP will merge with and into a merger subsidiary of Sunoco LP.
US Appeals Court Upholds FERC Approvals for Gas Pipeline Expansion
A unanimous three-judge panel of the U.S. Circuit Court of Appeals for the D.C. Circuit held that the Federal Energy Regulatory Commission was right to determine the Evangeline Pass Expansion project is functionally separate from four related gas infrastructure developments.
Shell Launches $3.5 Billion Share Buyback Program
Shell, which posted first-quarter adjusted earnings of $7.7 billion, will cancel all of the shares it buys.
SLB, OneSubsea, Subsea 7 Sign Collaboration Deal with Equinor
Work is expected to begin immediately on Equinor’s Wisting and Bay Du Nord projects.
FTC OKs Exxon-Pioneer Merger, but Bars Sheffield from Exxon’s Board
A megamerger between Exxon Mobil and Pioneer Natural Resources can proceed, but Pioneer Chairman Scott Sheffield is out, the Federal Trade Commission says.
Stice: Diamondback’s Small Company Culture Suits Big M&A Appetite
Diamondback Energy CEO Travis Stice tells analysts that the company’s nimble nature is among its top qualities, allowing for rapid growth and the successful integration of Endeavor Energy this year.
Enterprise Targets FID for SPOT Project by End of 2024
Enterprise Products Partners’ co-CEO disputed capex figures reported in the media regarding its Sea Port Oil Export Terminal.
SilverBow Makes Horseshoe Lateral in Austin Chalk
SilverBow Resources’ 8,900-foot lateral was drilled in Live Oak County at the intersection of South Texas’ oil and condensate phases. It's a first in the Chalk.
Comstock Adds Four Whopper Wildcats; Takes Western Haynesville to 450K
Comstock Resources' four newest wells, which IP’ed at more than 35 MMcf/d, were landed at up to 19,400 feet total vertical depth.
Analyst: Exxon Mobil, Pioneer Deal Close Likely ‘Imminent’
With approval from the Federal Trade Commission, Exxon Mobil could close its $59.5 million acquisition of Pioneer Natural Resources after more than six months of review.
WTI Delivered to East Houston Hits Highest Premium in Nearly Three Years
Oil takeaway capacity from the Permian Basin will tighten next month due to scheduled pipeline maintenance.
Gulfport Plans Liquids-rich Program After ‘Strong’ Ohio Oil Tests
Appalachia gas producer Gulfport Energy continues to report “strong oil production” from a two-well Hendershot pad drilled in eastern Ohio last year. Gulfport plans to develop additional liquids-rich opportunities this year as natural gas prices hover near record lows.
Supply Disruptions Ahead as Canadian Rail Workers Vote for Strike
The union, representing more than 9,000 employees at Canadian National Railway and Canadian Pacific Kansas City, announced that 95% of its members approved of a strike, which could happen as early as May 22.
CPS Closes $785MM Deal for Talen Energy’s Texas NatGas Plants
CPS Energy has acquired all assets associated with the 897-MW Barney Davis and 635-MW Nueces Bay natural gas plants in Corpus Christi, Texas, and the 178-MW natural gas plant in Laredo, Texas.
Wirth: Chevron Won’t Put ‘New Capital into Venezuela’
California-based Chevron Corp. doesn’t plan on allocating more capex into its operations in Venezuela even though it still has U.S. approval to operate there, despite Washington sanctions.
Vision RNG Expands Leadership Team
Vision RNG named Adam Beck as vice president of project execution, Doug Prechter as vice president of finance and Beckie Dille as HR manager.
Repsol Plans to Double Oil Production in Venezuela
Spain’s Repsol plans to double its oil production in Venezuela and continue with its diluent swap agreements with the OPEC country as approved by the U.S. government.
Integrated RNG: Nopetro Energy on Creating a Circular Economic Model
Working with municipalities, Nopetro Energy aims to produce 2 million MMBtu of RNG annually.
Oil, Gas Production Fee Set to Hit Colorado Producers
The deal reached this week will eliminate several proposed ballot measures targeting the fossil fuel industry ahead of this year's election, including one that would have halted drilling in summer months.
Decoding the Delaware: How E&Ps Are Unlocking the Future
The basin is deeper, gassier, more geologically complex and more remote than the Midland Basin to the east. But the Delaware is too sweet of a prize to pass up for many of the nation’s top oil and gas producers.
OGInterview: Building EIV Capital’s Midstream Investment Strategy
Midstream-focused EIV Capital has added non-operated assets and transition projects to its portfolio as a sign of the times.
Marketed: Wylease Niobrara Shale Cloud Peak Opportunity
Wylease LLC has retained EnergyNet for the sale of working interest in the Niobrara Shale of Converse County, Wyoming in the Cloud Peak 3874-8-5-1NH.
Spate of New Contracts Boosts TechnipFMC's Subsea Profits
TechnipFMC's operational profits are growing as the company heightened its focus on “quality” subsea orders, which earned $2.4 billion for the first quarter.
Marketed: Wylease Niobrara Shale Opportunity
Wylease LLC has retained EnergyNet for the sale of working interest in the Misty Moon Lake 3874-17-20-1NH of Converse County, Wyoming.