Texas/La Gulf Coast

Investment , Emissions , Energy Transition , Technology

Exxon Mobil’s Carbon Capture Megaproject in Houston Draws Support from Chevron, Others

Exxon Mobil unveiled that a slew of companies including Chevron, NRG Energy, Phillips 66 and more have all began discussing plans to support its carbon capture and storage plans in Houston.

September 17, 2021

Public Capital , Shale Plays , Acquisitions & Divestitures

PHX Minerals Adds to Haynesville Position with Multiple Acquisitions

PHX Minerals agreed to acquire certain mineral and royalty interests totaling approximately 817 net royalty acres in East Texas and Louisiana targeting the Haynesville play through two separate transactions.

September 17, 2021

Crude Oil

US Gulf Crude Oil Ramps Up after Hurricane Losses

U.S. Gulf Coast crude oil exports are flowing again after recent hurricanes took out 26 million barrels of offshore production with local prices easing as more shipments moved out of the region.

September 17, 2021

Business , Shale Plays , Acquisitions & Divestitures

Global Investment Firm Buys Rosewood Eagle Ford Asset in $450 Million Deal

Warwick Investment Group closed an agreement with Rosewood Resources to acquire its operated oil and gas assets in Texas’ Eagle Ford Shale that immediately offsets Warwick Athena, a company the firm manages.

September 16, 2021

Business , Shale Plays

Oilfield Helping Hands Launches New Haynesville Chapter

By opening an active chapter in the Haynesville geographic region, even more upstream oil industry employees will be able to meet the eligibility criteria for assistance from OHH.

September 16, 2021

Unconventional , Markets , Shale Plays

US Shale Production to Rise on Projected Permian Basin Boost

The projected increase in oil and gas production follows recent reports by the EIA of a sharp decline in the DUC count in all major U.S. shale regions.

September 16, 2021

Business , Energy Transition , Midstream , Construction

Kinder Morgan to Convert Louisiana Facility for Renewable Fuels

As part of its plans to retrofit the Louisiana terminal assets, Kinder Morgan formed a partnership with Neste, one of the leading providers of renewable and circular solutions.

September 15, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Sept. 15, 2021

Here’s a snapshot of recent energy deals including the sale by Colgate Energy of the Permian Basin water assets it had recently acquired as part of its $508 million acquisition from Occidental Petroleum.

September 15, 2021

Lease Sales

On the Market Oil and Gas Quicklist (Week of Sept. 15, 2021)

Here’s a quicklist of oil and gas assets on the market including EnerVest Utica Shale nonop and ORRI assets plus Sabine Oil & Gas operated East Texas properties and an Eagle Ford mineral position.

September 15, 2021

Exploration & Production , Markets , Midstream

Gulf Coast Oil Companies Return to Recovery as Nicholas Recedes

About 720,000 bbl/d of crude oil production and 1.075 Bcf/d of gas were offline, while 39 production platforms continued to be evacuated after Tropical Storm Nicholas passed through.

September 15, 2021