Latest From Hart Energy
Open Season Called for NatGas Transport North of Permian
The Palo Duro Pipeline is a 275-mile route that will carry gas from Nolan to Wheeler counties in Texas.
International, Domestic Buyers Clamor for US Shale Gas M&A
Marketing is heating up for gassy assets in the Haynesville, Appalachia and Midcontinent, a sign that natural gas remains one of the bright spots in upstream portfolios, M&A experts tell Hart Energy.
Pension Funds Eye Oil ETFs Amid Volatility, Middle East Tensions
Investors in energy ETFs should be wary of short-term volatility in commodity-linked ETFs amid geopolitical tensions in the Middle East.
Vitol Group Submits Bid Above $10B for Citgo, Sources Say
The bid reflects intensifying competition for Venezuela's most prized foreign asset and the seventh biggest U.S. refiner.
Study: Small-Scale LNG Market Worth $32B by 2030
A report found that the fastest growth by 2030 will be found at smaller regassification terminals.
Innovex Closes Divestment of Subsea Tree Product Business
The public oilfield services firm was formed in 2024 through the merger of Dril-Quip Inc. and Innovex Downhole Solutions.
Now Hiring: A ‘George Mitchell’ for Geologic Hydrogen
The need for a geologic hydrogen wildcatter is growing as energy demand rises and efforts to reduce emissions continue. Researchers are looking at a variety of techniques to pull hydrogen out of source rock, but there’s no perfect process just yet.
Family Offices Deploy Long-Term Capital to Oil, Gas
Family offices are stepping up with capital to fill in a large—but narrowing—investment gap between private equity’s pre-COVID days and now, said Stephens Managing Director Brad Nelson at Hart Energy's Energy Capital Conference.
New Era Helium, Sharon AI JV Enter Deal for Data Center in Permian
Under terms outlined in a letter of intent, the joint venture contemplates acquiring land and a 250-megawatt power purchase agreement for behind-the-meter electricity.
The US Shale Rig Count is Not Falling, Data Show
The net change in the U.S. horizontal rig count is seven rigs—1% —fewer than at year-end 2024, a Hart Energy analysis shows. Instead, the sub-$70 oil price has displaced rigs targeting non-shale targets.
UGI Divests Italian LPG Business to Repay Debt
UGI International completed the sale of UniverGas, its LPG distribution business in Italy, to Italian energy companies Goldengas, SCG Gas and Beyfin.
Lyten Acquires Northvolt’s BESS Manufacturing Facility in Poland
The 25,000-sq-m battery energy storage system manufacturing and R&D facility is the largest facility of its kind in Europe.
NRC Grants 20-Year License Extension for Dominion’s VC Summer Nuclear Station
The renewed license, approved June 30, extends operations through 2062, Dominion Energy says.
ConocoPhillips Appoints Kathleen McGinty to Board
ConocoPhillips has appointed Kathleen McGinty to serve as the 13th member of its board of directors.
LNG Canada Ships First Cargo in Tanker Headed to South Korea
Canada has entered the LNG export business with the first shipment at the LNG Canada facility. The nation is expected to serve the Asian market, primarily.
Despite Last-Minute Changes, Senate Bill Deals Big Blow to Renewable Energy
The U.S. Senate dropped a proposed excise tax on solar and wind energy projects that don't meet strict standards after last-minute negotiations with key Republican senators seeking better terms for renewables.
Forty Under 40 2025: Saddle Up, Future CEOs
As Hart Energy announces the Forty Under 40 Class of 2025, industry movers and observers from Preng & Associates, Sidley Austin and the Energy Workforce & Technology Council take note of the challenges facing the up-and-coming workforce and come to the same conclusion: for companies to succeed, employees must feel heard.
Shale Plays, Crude Oil, Acquisitions & Divestitures, Mergers, Policy & Regulations, Natural Gas, Exploration & Production
Widening Bid-Ask Spread Slows US Oil M&A
After a two-year dealmaking frenzy, the U.S. oil M&A engine is stalling as wild price swings and geopolitical tremors unsettle both buyers and sellers. M&A experts tell Hart Energy it could be months before big-ticket oil deals regain momentum.
Danos Wins Contract for Beacon Offshore’s Shenandoah Facility
Beacon Offshore Energy’s Shenandoah floating production system has a nameplate capacity of 120,000 bbl/d and is located approximately 230 miles off the coast of Louisiana.
Research Shows Boosts to EOR from Supercritical CO2 Foam
Researchers at Southwest Research Institute and UT Austin say they have found a way to squeeze more oil from reservoirs and to keep sequestered carbon from migrating to the surface using supercritical CO2 foam injection.
Dual-Fuel Drilling Advancements: Cat® Dynamic Gas Blending™ Gen 2 Kit Boosts Diesel Displacement
DGB Gen 2 Drilling Kit Helps Curb Diesel Use to Reduce Greenhouse Gas Emissions and Fuel Costs.
Veteran, Newly Listed Private Producers on Top 100 Hungry for M&A
The new 2025 ranking of top U.S. private producers demonstrates changes in the space following a massive consolidation trend in the upstream sector, Enverus says.
Exploration & Production, Field Development, Deepwater, Discoveries, Technology, Crude Oil, Natural Gas, Policy & Regulations, Service & Supply
E&P Highlights: June 30, 2025
Here’s a roundup of the latest E&P headlines, including an oil discovery by Equinor and an oil and gas lease sale in the Gulf of America.
Trump Approves Operations for NGL Pipeline Crossing Canadian Border
Canadian company Steel Reef will be allowed to ship products from the U.S. to Canada.
Natural Gas, Liquefied Natural Gas (LNG), Power Generation/Powergen, Policy & Regulations, Infrastructure, Exports
Venture Global Authorized to Introduce Gas to Plaquemines Phase 2
The FERC notified Venture Global that it could introduce natural gas into the gas turbine generator for the Phase 2 facility at the Plaquemines plant. The expanded facilities are expected to begin production in 2026.
Supreme Court to Consider Enbridge Line 5 Case Dispute
The Supreme Court’s decision will not decide the ultimate outcome for Enbridge's Line 5 pipeline project.
FERC Updates NEPA Rules to Accelerate Energy Permitting Process
The FERC unanimously voted on June 30 to adopt a new, 18-page staff guidance manual on how to implement the National Environmental Policy Act (NEPA) following changes in administrative and judicial policy.
Ex-Weatherford Chief Guns for 2nd Energy SPAC on Heels of 1st
Former Weatherford International CEO Bernard Duroc-Danner is planning Pyrophyte Acquisition Corp. II, a blank check company led and advised by a wide range of financial and energy executives including Riverstone Holdings’ co-founders.
Private Equity, Finance, Crude Oil, Natural Gas, Acquisitions & Divestitures, Mergers, Shale Plays, Trends
Top US Private Producers See Opportunity in Market Volatility
Privately held oil and gas producers from Surge Energy, Northeast Natural Energy, Anschutz Exploration, Greylock Energy and Jonah Energy dish on their plans in the Delaware, Midland Appalachian basins, where they ready to pounce on M&A opportunities.
Westwood Acquires CSRS to Strengthen Service Offerings
Westwood’s CSRS acquisition is part of the company’s strategy to expand into new regions while strengthening its service offerings.