United States
Rig Counts
US Drillers Add Oil, Gas Rigs for First Time in Five Weeks
The oil and gas rig count, an early indicator of future output, rose by two to 619 in the week to April 19.
Infrastructure , Pipelines
FERC Again Approves TC Energy Pipeline Expansion in Northwest US
The Federal Energy Regulatory Commission shot down opposition by environmental groups and states to stay TC Energy’s $75 million project.
Wind , Acquisitions & Divestitures
Eversource to Sell Sunrise Wind Stake to Ørsted
Eversource Energy said it will provide service to Ørsted and remain contracted to lead the onshore construction of Sunrise following the closing of the transaction.
Crude Oil
Paisie: Crude Prices Rising Faster Than Expected
Supply cuts by OPEC+, tensions in Ukraine and Gaza drive the increases.
Acquisitions & Divestitures , Exploration & Production , Trends
Brett: Oil M&A Outlook is Strong, Even With Bifurcation in Valuations
Valuations across major basins are experiencing a very divergent bifurcation as value rushes back toward high-quality undeveloped properties.
Lease Sales
Marketed: BKV Chelsea 214 Well Package in Marcellus Shale
BKV Chelsea has retained EnergyNet for the sale of a 214 non-operated well package in Bradford, Lycoming, Sullivan, Susquehanna, Tioga and Wyoming counties, Pennsylvania.
Field Development , Discoveries
Santos’ Pikka Phase 1 in Alaska to Deliver First Oil by 2026
Australia's Santos expects first oil to flow from the 80,000 bbl/d Pikka Phase 1 project in Alaska by 2026, diversifying Santos' portfolio and reducing geographic concentration risk.
Pipelines , Service & Supply , Natural Gas
Ozark Gas Transmission’s Pipeline Supply Access Project in Service
Black Bear Transmission’s subsidiary Ozark Gas Transmission placed its supply access project in service on April 8, providing increased gas supply reliability for Ozark shippers.
Pipelines , Earnings
Kinder Morgan Sees Need for Another Permian NatGas Pipeline
Negative prices, tight capacity and upcoming demand are driving natural gas leaders at Kinder Morgan to think about more takeaway capacity.
Dividends/Buybacks
Matador Resources Announces Quarterly Cash Dividend
Matador Resources’ dividend is payable on June 7 to shareholders of record by May 17.