The Latest

NatGas A&D Warms Up as BKV Sells Marcellus Assets for $132MM

Natural gas M&A may be heating up as Barnett Shale-focused E&P BKV Corp. sold interests in gassy northeast Pennsylvania properties for nearly $132 million, according to regulatory filings.

US NatGas Prices Rise More Than 2% on Hot-weather Forecasts

U.S. natural gas futures rose more than 2% on July 12 after touching their lowest in close to two-months earlier.

Permian Gets Gas Relief as ADCC Pipeline Begins Commercial Service

The ADCC Pipeline will source volumes from the Permian Basin, Eagle Ford Shale and Texas Gulf Coast for transport to Cheniere’s Corpus Christi LNG facility.

US Power Generators Burn Record Amounts of NatGas on Hottest Day of Summer so Far

As homes and businesses cranked up their air conditioners to escape the brutal heat this week, LSEG said power generators burned a record amount of gas on July 9. 

CNOOC’s Bohai Bay Well Achieves High Yield

CNOOC’s Bozhong 19-6 Condensate Gas Field D1 well, the first ultra-deep well in China’s Bohai Bay, is currently producing approximately 6,300 boe/d.

Over 1 Million in Texas Without Power, Freeport LNG Restart Pending After Beryl

The slow restoration of power continues hindering some companies' efforts to quickly return operations to normal, especially around Freeport, one of Texas' largest energy hubs.

Come Together: California Resources, Aera Merge for Scale, Drilling Runway

California Resources Corp. closed an acquisition of Aera Energy to become California’s top oil and gas producer. Now, CRC President and CEO Francisco Leon wants to grow from a one-rig to an eight-rig drilling program—but faces stiff pushback from regulators and environmental advocates in the Golden State.

Golden Pass LNG’s not so Golden Days

The $9.25 billion Golden Pass LNG project is arguably not having a golden moment at eight months behind schedule and some $2 billion over budget. Owners QatarEnergy and Exxon Mobil Corp. have begun damage control.

Diversified to Buy East Texas NatGas Assets from Crescent Pass

Diversified Energy’s $106 million deal with Crescent Pass Energy comes during a prolonged dip in natural gas prices that some analysts expect to rebound as demand ramps up for LNG exports and power demand.

BPX Expands Its US Shale Game

BPX CEO Kyle Koontz delves into development plans in the Permian, Eagle Ford and Haynesville.