The Latest

If US Cancels, US Pays: Interior’s Burgum Calls for Sovereign Risk Insurance

With a sovereign risk insurance in place, a president cancelling a permit “would have to say ‘We're canceling this thing by fiat, but you get your money back that you've invested,” Interior Secretary Doug Burgum told energy industry members in Oklahoma City.

Expand’s Dell'Osso: E&Ps Show ‘Unusual’ Discipline with $4 NatGas Strip

Haynesville Shale’s largest gas producers are displaying restraint with a $4/Mcf forward curve. “That’s really unusual,” said Expand Energy CEO Nick Dell’Osso.

SLB Sees Short-Term Softening, Long-Term Rebound in Oil & Gas

SLB Ltd. says customers are likely to behave cautiously amid global trade concerns this year, but the future looks brighter in the long term.

US Drillers Add Oil, Gas Rigs for Second Week in a Row

The oil and gas rig count rose by two to 587 in the week to April 25. Despite this week's rig increase, Baker Hughes said the total count was still down 26, or 4% below this time last year.

Patterson-UTI Sees Uptick in Gas Activity, Oil Uncertainty

Natural gas activity picked up more than expected in the first quarter, with the Haynesville Shale leading the way, Patterson-UTI executives said.

US NatGas Prices Fall 3% to 5-Month Low on Big Storage Build, Mild Weather

U.S. natural gas futures fell about 3% to a five-month low on April 24 on a bigger-than-expected weekly storage build and expectations that mild weather will keep heating and cooling demand low in coming weeks.

Range Resources’ East Coast Position Helps to Ride Tariff Turmoil Wave

Gas producer Range Resources says having access to markets out of the East Coast is a benefit during the U.S.-China trade war as most of its exports head to Europe.

Recent M&A Primes ONEOK for AI, LNG, NGL Growth

ONEOK’s President and CEO Pierce Norton talks about his rapidly expanding company and the M&A grocery list the midstream company uses to explore additional growth opportunities.

Volatility to Slow Upstream M&A After $17B in Q1 Dealmaking—Enverus

Upstream deal markets are heading into territory reminiscent of the conditions seen in the first half of 2020, said Andrew Dittmar, Enverus’ principal M&A analyst.

EQT Buys Private Marcellus E&P Olympus Energy for $1.8B

EQT’s acquisition from Blackstone-backed Olympus adds 90,000 net Marcellus and Utica acres and 500 MMcf/d of production.