Texas/La Gulf Coast

Liquefied Natural Gas , Pipelines

Freeport LNG Plant in Texas Still Pulling in Natgas to Produce Power

Despite Freeport LNG's liquefaction plant closing in June due to a fire, the company reported pulling in small amounts of natural gas to fuel a power plant.

August 12, 2022

ESG , Mergers

OMNI Environmental Solutions Merges with Purity Oilfield Services

"Today’s announcement is just the first step of our integration into a stronger, more robust and ESG-focused service provider,” Courtney Brackin said of the company created from the merger between OMNI Environmental Solutions and Purity Oilfield Services.

August 10, 2022

Business , Shale Plays , Transactions

Chesapeake Gets Back to Black

Chesapeake ready to wrap return to its roots as a key U.S. natural gas-weighted E&P through a series of key acquisitions in late 2021 and early 2022, CEO Nick Dell'Osso shared in a second-quarter conference call.

August 10, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Aug. 10, 2022

Here’s a snapshot of recent energy deals including Devon Energy’s $1.8 billion cash acquisition of Eagle Ford Shale operator Validus Energy and a $555 million Permian Basin deal by Apache.

August 10, 2022

Lease Sales

On the Market Oil and Gas Quicklist (Week of Aug. 10, 2022)

Here’s a quicklist of oil and gas assets on the market including a Stout Energy operated sale package in the Permian Basin in Winkler and Andrews counties, Texas, plus core Haynesville overriding royalty interest.

August 10, 2022

Business , Shale Plays , Acquisitions & Divestitures

Devon Energy Doubles its Eagle Ford Footprint in $1.8 Billion Deal

Devon Energy’s acquisition of Eagle Ford operator Validus Energy is the firm’s second acquisition since June. 

August 9, 2022

Lease Sales

Marketed: Core Haynesville Overriding Royalty Interest

A private seller retained Detring Energy Advisors to market for sale its overriding royalty interests (ORRI) located in the core of the Haynesville in Caddo Parish, Louisiana, operated by Paloma Natural Gas (PNG).

August 9, 2022

Health, Safety & Environment , Midstream

US Coast Guard Responds to Oil Spill in Terrebonne Bay, Louisiana

The U.S. Coast Guard reported that less than 14,000 gallons of crude oil spilled from an oil tank platform failure in Louisiana.

August 9, 2022

Business , Unconventional , Energy Transition

BPX Amps Up Permian, Plans $1.7 Billion Spend in US this Year

BPX Energy President Jack Collins said the company is planning to power 95% of its Permian Basin operations with electricity this year and is drilling an exploratory well for its carbon capture business.

August 9, 2022

Lease Sales

Marketed: Kaiser-Francis Oil Louisiana, Texas Operated Well Package

Kaiser-Francis Oil Co. retained EnergyNet for the sale of operated working interest in eight wells in Calcasieu, Cameron and Lafayette parishes, Louisiana and Orange County Texas.

August 8, 2022