Shale Plays , Artificial Intelligence , CERAWeek , Hart Energy Exclusive
CEO: EQT Positioned to Meet Demand of Power-guzzling AI Data Centers
EQT Corp.’s Toby Rice said demand for AI could exceed the power demand required to meet U.S. residential demand and jump 20% by 2030, in this Hart Energy Exclusive interview.
Acquisitions & Divestitures , Shale Plays
APA Closes $4.5B Callon Deal, Deepening Permian Roots
About two-thirds of Apache’s daily production will come from the Permian Basin after APA Corp. completed its $4.5 billion takeout of Callon Petroleum.
Acquisitions & Divestitures , Shale Plays , Natural Gas , DUG Haynesville
Aethon Cuts Rigs but Wants More Western Haynesville Acreage
Private gas E&P Aethon Energy has drilled some screamers in its far western Haynesville Shale play—and the company wants to do more in the area.
Acquisitions & Divestitures , Shale Plays
Elk Range Royalties Makes Entry in Appalachia with Three-state Deal
NGP-backed Elk Range Royalties signed its first deal for mineral and royalty interests in Appalachia, including locations in Pennsylvania, Ohio and West Virginia.
Acquisitions & Divestitures , Shale Plays , Crude Oil , Natural Gas
Dallas Fed Energy Survey: Permian Basin Breakeven Costs Moving Up
Breakeven costs in America’s hottest oil play continue to rise, but crude producers are still making money, according to the first-quarter Dallas Fed Energy Survey. The situation is more dire for natural gas producers.
Crude Oil , Acquisitions & Divestitures , Shale Plays , CERAWeek
Exxon, Vitol Execs: Marrying Upstream Assets with Global Trading Prowess
Global commodities trading house Vitol likes exposure to the U.S. upstream space—while supermajor producer Exxon Mobil is digging deeper into its trading business, executives said at CERAWeek by S&P Global.
CERAWeek , Exploration & Production , Energy Transition , Shale Plays
CERAWeek: NOCs Balance Financial Realities, Energy Transition
National oil companies’ strategies include diversifying energy sources and seeking reserves located deeper in the ground and in deeper waters, while still working to curb emissions.
Shale Plays , Acquisitions & Divestitures , Crude Oil , Natural Gas
SilverBow Saga: Investor Urges E&P to Take Kimmeridge Deal
Kimmeridge’s proposal to combine Eagle Ford players Kimmeridge Texas Gas (KTG) and SilverBow Resources is gaining support from another large investor.
Acquisitions & Divestitures , Trends , Shale Plays , CERAWeek
ConocoPhillips CEO Ryan Lance: Upstream M&A Wave ‘Not Done’ Yet
Dealmaking in the upstream oil and gas industry totaled $234 billion in 2023. The trend shows no signs of slowing, ConocoPhillips CEO Ryan Lance said at the CERAWeek by S&P Global conference.
Acquisitions & Divestitures , Shale Plays
EIA: E&P Dealmaking Activity Soars to $234 Billion in ‘23
Oil and gas E&Ps spent a collective $234 billion on corporate M&A and asset acquisitions in 2023, the most in more than a decade, the U.S. Energy Information Administration reported.