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.
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.
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.
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.
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.
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.
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.
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.
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.
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.