The Latest

WhiteWater-Led NatGas Pipeline Traverse Reaches FID

The Traverse natural gas pipeline JV project will give owners optionality along the Gulf Coast.

US Oil Rig Count Rises to Highest Since June

Baker Hughes said oil rigs rose by five to 489 this week, their highest since June, while gas rigs fell by seven, the most in a week since May 2023, to 96, their lowest since September.

Black Gold, LGX Find Multiple Pay Zones in Western Indiana

Black Gold Exploration Corp. and LGX Energy Corp. are working to start production at the Fritz 2-30 oil and gas well in Indiana within 60 days.

Matador Exits Eagle Ford Shale, Preps for ‘Turbulent Times’

Matador Resources Co. divested its Eagle Ford Shale assets “in preparation for turbulent times” but doesn’t expect tariffs to affect well costs until the second half of 2025.

Oklahoma E&P Canvas Energy Explores Midcon Sale, Sources Say

Canvas Energy, formerly Chaparral Energy, holds 223,000 net acres in the Anadarko Basin, where M&A has been gathering momentum.

Appalachia, Haynesville Minerals M&A Heats Up as NatGas Prices Rise

Several large Appalachia and Haynesville minerals and royalties packages are expected to hit the market as buyer interest grows for U.S. natural gas.

Pennsylvania City to Turn Coal-Powered Plant into Gas-Fired Data Center Campus

Construction on the Homer City Generating Station is expected to start in 2026.

NatGas in Storage Continues to Rise on Moderate Weather Conditions

The lower 48 U.S. states added 29 Bcf of natural gas to storage for the week ending March 28, slightly higher than market expectations between 25 Bcf to 27 Bcf.

Oil Dives More Than 6%, Steepest Fall in 3 Years on Tariffs, OPEC+ Supply Boost

Oil prices swooned on April 3 to settle with their steepest percentage loss since 2022, after OPEC+ agreed to a surprise increase in output the day after U.S. President Donald Trump announced sweeping new import tariffs.

Venture Global Gets Final Approval to Fully Open Calcasieu Pass LNG

Venture Global has FERC permission to put the remaining facilities at its Calcasieu Pass LNG plant into service, placing an unknown status on arbitration hearings with its long-term customers.