Latest From Hart Energy
Now, the Uinta: Drillers are Taking Utah’s Oily Stacked Pay Horizontal, at Last
Recently unconstrained by new rail capacity, operators are now putting laterals into the oily, western side of this long-producing basin that comes with little associated gas and little water, making it compete with the Permian Basin.
Chesapeake, Southwestern Complete Merger to Create Largest US Natgas Co.
Chesapeake Energy Corp. has closed on its $7.4 billion takeover of Southwestern Energy Co. to create Expand Energy.
Exclusive: Sheffield Clears the Air, Formentera is Not Just a PDP Buyer
Formentera Founder and Partner Bryan Sheffield delves into the company's drilling operations including the unique history of how Formentera took up assets in Australia's Beetaloo, in this Hart Energy Exclusive interview.
Texas Pacific Land Closes $290MM Permian Minerals, Royalties Deal
Texas Pacific Land Corp. acquired Permian Basin oil and gas minerals and royalties operated by Exxon Mobil, Diamondback Energy, Occidental Petroleum and ConocoPhillips.
The Karl Rove Oil Executive Poll Result: The Industry Is Not Happy
A show of no hands revealed more than 400 attendees at Hart Energy’s Energy Capital Conference are not happy with U.S. politics today—and have no confidence it will be better after Nov. 5.
Exxon Mobil Ramps Up $400MM CCS Project in Wyoming
The $400 million project will expand capture capacity by up to about 1.2 million metric tons of CO2 per year, Exxon Mobil said.
After BKV’s IPO, Is Market Open to More Public SMID Caps?
The market for new E&P and energy IPOs has been tepid since the COVID-19 pandemic. But investor appetite is growing for new small- and mid-sized energy IPOs, says Citigroup Managing Director Dylan Tornay.
US Navy Taps Sage Geosystems for Geothermal Initiatives in Texas
The expanded collaboration with the Department of Defense follows Sage-led geothermal initiatives at Fort Bliss and the Ellington Field Joint Reserve Base in Texas.
AI: Herald of New Shale Age or Last-ditch Effort to Save Industry?
AI’s ability to optimize may usher oil and gas into a new age—or simply improve on past unconventional recovery methods—depending on who you talk to.
RWE Breaks Ground on Battery Storage Project Trio in Texas
The Crowned Heron 1, Crowned Heron 2 and Cartwheel 1 projects will have a combined power capacity of 450 MW, RWE says.
Oxy’s 1PointFive Lands US Funding for Carbon Sequestration Hubs
1PointFive plans to use the funding to advance site characterization activities, permitting and environmental approvals for construction at each hub, Occidental said.
ContourGlobal Enters US with 151-MW Solar Acquisition
The solar projects are expected to begin commercial operations in 2029.
Gastech, Hart Energy Exclusive, Natural Gas, Liquefied Natural Gas (LNG), International, Energy Storage, Emissions
Exclusive: MET Eyes US LNG as European Natgas Demand Slows
Europe's MET Group has its eye on U.S. LNG as European natural gas demand is forecasted to decrease, said Benjamin Lakatos, chairman and CEO of MET Group, at Gastech 2024 in Houston.
SandRidge Recasts Management with New Chairman, CFO
SandRidge Energy has appointed Vincent Intrieri as chairman to succeed Jonathan Frates, who will transition to the role of executive vice president and CFO.
Mach Natural Resources Closes Two Midcontinent Deals
Mach purchased assets in the Anadarko and Ardmore basins for a total consideration of $136 million.
Politics Over Returns? Private Equity’s Renewables, Hydrocarbon Challenge
Private equity is a leader in clean energy investment, but it hasn’t been easy.
Uinta Railroad Up for Review as Supreme Court Term Begins
Court analysts say a decision on the proposed Uinta Basin railway, coming next year, could have a major impact on the energy industry.
Acquisitions & Divestitures, Liquefied Natural Gas (LNG), Natural Gas, Hart Energy Exclusive, Gastech
Exclusive: Enbridge’s Next Plans Post Dominion Acquisitions, More LNG
Enbridge’s Allen Capps shares the company’s long term growth solutions, and his optimism on gas prices, following completion of transformational natural gas deals with Dominion, in this Hart Energy Exclusive interview.
BOEM Greenlights Atlantic Shores South Offshore Wind Project
The approval pushes the U.S. closer to its goal of deploying 30 gigawatts of offshore wind energy capacity by 2030.
Prairie Operating Gets Output, Acreage Boost from Nickel Road M&A
Prairie Operating closed an acquisition of acreage and production in Weld County, Colorado, where the D-J Basin player is drilling its first Niobrara horizontals.
Ovintiv to Divest Permian Assets Amidst M&A Rumors
Ovintiv is marketing assets in the Permian Basin amidst rumors that the Denver-based E&P is looking to join in on the M&A frenzy.
Summit Midstream Acquires Tall Oak Midstream III in $450MM Deal
The acquisition of Tall Oak Midstream III balances Summit Midstream’s crude and natural gas commodity exposure in preparation for high natural gas demand in the coming years, Summit Midstream CEO Heath Deneke said.
Diamondback Subsidiary Viper Closes $900MM Midland Royalty Deal
Diamondback Energy’s Viper Energy closed the last of three acquisitions from Tumbleweed Royalty, owned by Double Eagle Energy’s founders, that together totaled about $1.1 billion.
New Revenue Stream Opens Up With Natural Gas Decarbonization
Could a lower carbon revenue stream, focused on hydrogen and solid carbon, open up for natural gas players?
SM Energy, NOG Close $2.6 Billion in Uinta Basin Acquisitions
SM Energy and Northern Oil and Gas have closed the acquisitions of XCL Resources and Altamont Energy, adding hundreds of locations and oil cuts of 86% to 87%.
Unconventional, Liquefied Natural Gas (LNG), Natural Gas liquids (NGL), Crude Oil, Shale Plays, Transactions
With Montney Production Set to Grow, US E&Ps Seize Opportunities
Canada’s Montney Shale play has already attracted U.S. companies Ovintiv, Murphy and ConocoPhillips while others, including private equity firms, continue to weigh their options.
EQT to Cut Workforce 15% Following Close of Equitrans Acquisition
EQT Corp. closed its $5.5 billion all-stock buy of Equitrans Midstream Corp. on Sept. 22.
Tailwater Buys Interests Across 5,000 Acres in Permian Core
Tailwater E&P's purchase of non-op working interests from Accelerate Resources includes future inventory held by Diamondback, EOG Resources, Devon and several other E&Ps.
PEDEVCO Teams Up with Denver E&P To Develop D-J Basin Acreage
PEDEVCO is teaming up with a private equity-backed Colorado operator to jointly develop the SW Pony Prospect in Weld County, Colorado.
Exclusive: EQT Set to Benefit from AI Growth in Appalachia
An ample supply of natural gas is available in Appalachia, making it a perfect place for AI data centers to settle down and take root. EQT plans on pouncing on the opportunity, said Will Jordan, EQT's executive vice president and general counsel, at Gastech 2024.