EOG Resources Cuts $200MM in Oily Capex on Tariff, OPEC+ Uncertainty
EOG Resources’ spending cuts will result in 80 fewer net completions and three fewer rigs, year-over-year, in the Eagle Ford and Delaware and Powder River basins.
Coterra Confirms Constitution Pipe Reactivation Talks Underway
The Constitution gas line into New England was canceled in 2020 after lengthy regulatory and court battles. Coterra Energy’s chief confirmed May 6 that talks to resume it are “seriously” underway.
The Haynesville-to-LNG Pipeline-Palooza
As up to 13 Bcf/d of new gas demand is incoming from Louisiana and southeast Texas Gulf Coast LNG developers, midstream operators are adding big pipe to deliver more from the Haynesville.
Riverbend Deals Build Delaware, Williston Non-Op Portfolio
Riverbend Energy Group continues to rebuild a non-operated portfolio in the Delaware and Williston basins.
TotalEnergies, Equinor Growth Tied to Eagle Ford, Marcellus M&A
From Appalachia to South Texas, European energy firms are leveraging shale gas assets to secure future global supply.
New E&P South Wind to Pursue Large-Scale M&A with PE Backing
After selling Fayetteville gas producer Flywheel Energy last year, the team is launching South Wind Exploration & Production with Kayne Anderson financing.
Expand: 2%-Plus Gas OFS Deflation if Permian Cuts Rigs, Frac Crews
Reduced prices for goods and services may come as Permian Basin and other oil-focused E&Ps drop rigs and frac crews at $60 oil, Expand Energy executives said.
Northern Oil and Gas in the ‘Catbird Seat’ as Oil Prices Plummet
With crude prices falling below $60/bbl, Northern Oil and Gas CEO Nick O’Grady sees opportunity for his company amid an uncertain outlook.
NOG Closes $62MM Midland Basin Bolt-On Deal
Non-op Northern Oil and Gas (NOG) expanded its Midland Basin footprint with an acreage purchase in Upton County, Texas, from a private operator.
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.