Latest From Hart Energy

DNO, OMV Find Gas Offshore Norway

Norma, Velocette wells to be further evaluated by the DNO and OMV.

Sitio Royalties Upsizes Senior Notes Offering to $600 Million

Proceeds from the notes offering will be used to pay down existing debt, Sitio Royalties said.

Too Much Information: Scattered Data Disrupting Business Decisions

A new survey suggests at least half of executives find unaligned data or the inability to see a holistic view of data as a challenge in making decisions.

Fervo Breaks Ground for Geothermal Drilling Campaign in Utah

Fervo Energy aims to deliver 400 megawatts of 24/7 carbon-free electricity from its Cape Station project, bringing power to the grid in 2026.

Marketed: White Rock Lower 48 Opportunity

White Rock Oil & Gas LLC retained TenOaks Energy Advisors for the sale of a majority operated working interest portfolio located across five regions of the lower 48—the Permian Basin, Ark-La-Tex, Rockies, Mid-Continent and Michigan.

Analysts: Top-Tier Drilling Inventory Shrinking as Well Costs Rise

The cost of supply for North American shale producers is expected to continue rising, according to a recent analysis by Enverus Intelligence Research.

Exclusive: UT's West Texas Lands Keeping EU Fuel Stocked [WATCH]

Admiral William McRaven, the former chancellor of the University of Texas System, discusses University of Texas' lands in West Texas, their environmental impact and their influence in keeping Europe supplied with energy in this Hart Energy LIVE Exclusive. 

Marketed: Galatyn Minerals LP Oklahoma Opportunity

Galatyn Minerals LP retained RedOaks Energy Advisors for the sale of certain mineral and royalty properties located in Oklahoma, Louisiana and Texas.

LM Energy Sells New Mexico Oil Gathering Assets

LM Energy Holdings will sell more than 130 miles of pipelines, terminals and other assets in Eddy and Lea counties, New Mexico.

BOEM Postpones GoM Oil and Gas Lease Sale

A U.S. appellate court has ordered that a Gulf of Mexico oil and gas lease sale must take place no later than Nov. 8.

Pitts: Has US Policy Toward Venezuela Already Failed?

As Chinese and Venezuelan relations grow closer, the U.S. scrambles to salvage its failed sanctions strategy against President Nicolás Maduro.

Exclusive: CRIN's Pivotal Moment for Clean Tech Development [WATCH]

In this Hart Energy LIVE Exclusive, Clean Resource Innovation Network's Director of Operations Glen McCrimmon walks Hart Energy's Jaxon Caines through the non-profit's challenges and future investments.  

BP Starts Construction of Texas Peacock Solar Project

BP’s 187 megawatt direct current Peacock Solar Project in Texas is part of the company’s plans to build 50 gigawatts of renewable energy capacity by 2030.

Outlook Shows Net-Zero 2050 Miss, Despite $12 Trillion Spend

DNV’s Energy Transition Outlook North America report forecasts energy-related CO2 emissions falling 75% to 1.3 gigatons of CO2 by 2050.

EOT, AWS Partner to Deliver AI-Optimized Industrial Assets

EOT and AWS’ agreement calls for deploying the next generation of predictive maintenance by combining generative AI with edge computing.

Fallibility of Generative AI: When Computers Lie, Steal and Hallucinate

Regulatory uncertainty, data security are also speed bumps on the road to the technology’s adoption.

Tech Trends: Following Industry Trends to Navigate Downturn [WATCH]

In this episode of Tech Trends, Rock Flow Dynamics talks about navigating the industry downturn and how the company bounced back by following industry trends with both oil and gas extraction and net zero technology.

IndustryVoice: Flogistix on Decarbonization

As the climate change discussion progresses, capturing methane remains a focal point of decarbonization efforts. The need for energy is increasing each year mainly driven by demand in non-OECD countries. According to the IEA, 775 million people do not have access to electricity and this number is increasing. Based on this fact alone, we believe peak oil demand has not been reached. Human reliance on fossil fuels will continue for many years to come, and these growing economies will need reliable, cost-effective energy. 


Former Chesapeake, SandRidge Exec Plans IPO for Anadarko E&P

Anadarko Basin E&P Mach Resources is planning an initial public offering, according to preliminary regulatory filings.

Exclusive: ESG Investment Returns a Repeat of Shale Revolution [WATCH]

In this Hart Energy LIVE Exclusive interview, Joe Bob Edwards, the managing director of White Deer Energy, compares today’s investments in ESG to when investors “threw capital” into the shale revolution and investor returns “really suffered.”

IndustryVoice: A Decade of Data Collection Yields Improved Motor Consistency

Typically, OEM performance charts are based on theoretical “best-case scenarios.” But BHA expert, Lonnie Smith, Turnco, is changing that narrative and driving performance with his latest technology -- AI-Fit™.

Power Up: Nabors, Hess Electrify Bakken Drilling Operations

Hess estimates connecting these four Nabors rigs to the grid will reduce greenhouse-gas emissions from the company’s Bakken drilling operations by 50% and energy costs by 70%.

E&P Highlights: Sept. 25, 2023

Here’s a roundup of the latest E&P headlines, including field development milestones and new contract awards.

$70, $80, $90? No Matter WTI Price, Production to Creep Along

As public E&Ps hold fast with capital discipline, even exuberant prices might not be enough to substantially bump up production, although private operators remain a wild card, analysts said.

ONEOK Completes Acquisition of Magellan Midstream Partners

The ONEOK-Magellan merger was narrowly approved by Magellan shareholders, with just 55% of total outstanding votes in Magellan’s Sept. 21 special meeting in favor of the merger.

Standard Lithium Names New CFO, Chief Accounting Officer

Salah Gamoudi, one of Hart Energy’s 2022 Forty Under 40 honorees, previously served as CFO and executive vice president of SandRidge Energy Inc.

What's Affecting Oil Prices This Week? (Sept. 25, 2023)

For the upcoming week, Stratas Advisors expects oil prices to be under pressure and may test $90 again, with the price of Brent not able to break through $95 last week.

BOEM Completes Review of Dominion’s Coastal Virginia Offshore Wind

With 176 wind turbines each holding a capacity of 14.7 megawatts, the Coastal Virginia Offshore Wind project is expected to produce enough electricity for 660,000 Virginia homes, Dominion Energy says.

Lufeng 12-3 in South China Sea Begins Production

The Lufeng 12-3 FPSO in 240 m water depth is planned to reach peak production of 29,500 bbl in 2024.

IndustryVoice: How to Optimize Production Strategies for US Basins

Use AI and ML to automate workflows and analyze data within minutes. Employ a fit-for-basin approach designed for US-centric workflows.