Appalachia

Natural Gas , Acquisitions & Divestitures , Pipelines

DT Midstream Boosts Ownership of Appalachia Gas Pipeline in $552 Million Cash Deal

DT Midstream will pay National Grid about $552 million in cash to acquire its 26.25% ownership interest in the Millennium Pipeline, which transports Marcellus and Utica gas to markets across New York State and New England.

September 29, 2022

Business , Energy Transition

Major Energy Firms Join Appalachian Energy Future

DT Midstream, Southwestern Energy and Williams became the newest members of the Appalachian Energy Future group, joining members such as EQT Corp. and Shell Polymers.

September 28, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Sept. 28, 2022

Here’s a snapshot of recent energy deals including Talos Energy’s $1.1 billion acquisition of private Gulf of Mexico operator, EnVen Energy, plus the $565 million sale of half of Kinder Morgan’s stake in a Georgia LNG facility.

September 28, 2022

Lease Sales

On the Market Oil and Gas Quicklist (Week of Sept. 28, 2022)

Here’s a quicklist of oil and gas assets on the market including a Continental Resources North STACK 200-well package in Oklahoma plus Texegy Royalty Austin Chalk minerals for lease in Louisiana.

September 28, 2022

Private Equity , Shale Plays , Acquisitions & Divestitures

Outfitter Energy Capital Closes New Fund Focused on US Shale

Proceeds from the new fund were used to purchase an existing portfolio of assets in the Marcellus, Woodford and Cotton Valley gas plays from affiliated Outfitter managed funds.

September 25, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Sept. 21, 2022

Here’s a snapshot of recent energy deals including SilverBow Resources adding a new Webb County position in South Texas plus the acquisition of core Permian Basin acreage by U.S. Energy Development Corp. for more than $60 million.

September 21, 2022

Lease Sales

On the Market Oil and Gas Quicklist (Week of Sept. 21, 2022)

Here’s a quicklist of oil and gas assets on the market including EOG Resources Texas Panhandle properties plus an Apache Corp. Gulf of Mexico Shelf nonop opportunity.

September 21, 2022

Lease Sales

Marketed: Vinland Energy Southern Appalachian Basin Portfolio

Vinland Energy LLC retained Seaport Global Securities LLC for the sale of its portfolio of producing and midstream assets in the southern Appalachian Basin, located primarily in eastern Kentucky.

September 20, 2022

Lease Sales

Marketed: West Virginia 188-well Package, HBP Leasehold, Pipelines

Reserve Oil & Gas Inc. retained EnergyNet for the sale of a 188-well package in West Virginia in Calhoun, Kanawha and Roane counties through a sealed-bid offering closing Oct. 6.

September 16, 2022

Exploration & Production , Liquefied Natural Gas , Natural Gas

EIA Projects US Dry Gas Production to Continue Inching Upward

Dry natural gas production in the U.S. is forecast to rise slightly over the next 15 months or so to average 100.5 Bcf/d in December 2023 as rigs drilling for gas continue to rise, according to the EIA.

September 15, 2022