Latest From Hart Energy
Vision RNG Expands Leadership Team
Vision RNG named Adam Beck as vice president of project execution, Doug Prechter as vice president of finance and Beckie Dille as HR manager.
Repsol Plans to Double Oil Production in Venezuela
Spain’s Repsol plans to double its oil production in Venezuela and continue with its diluent swap agreements with the OPEC country as approved by the U.S. government.
Integrated RNG: Nopetro Energy on Creating a Circular Economic Model
Working with municipalities, Nopetro Energy aims to produce 2 million MMBtu of RNG annually.
Oil, Gas Production Fee Set to Hit Colorado Producers
The deal reached this week will eliminate several proposed ballot measures targeting the fossil fuel industry ahead of this year's election, including one that would have halted drilling in summer months.
Decoding the Delaware: How E&Ps Are Unlocking the Future
The basin is deeper, gassier, more geologically complex and more remote than the Midland Basin to the east. But the Delaware is too sweet of a prize to pass up for many of the nation’s top oil and gas producers.
OGInterview: Building EIV Capital’s Midstream Investment Strategy
Midstream-focused EIV Capital has added non-operated assets and transition projects to its portfolio as a sign of the times.
Marketed: Wylease Niobrara Shale Cloud Peak Opportunity
Wylease LLC has retained EnergyNet for the sale of working interest in the Niobrara Shale of Converse County, Wyoming in the Cloud Peak 3874-8-5-1NH.
Spate of New Contracts Boosts TechnipFMC's Subsea Profits
TechnipFMC's operational profits are growing as the company heightened its focus on “quality” subsea orders, which earned $2.4 billion for the first quarter.
Marketed: Wylease Niobrara Shale Opportunity
Wylease LLC has retained EnergyNet for the sale of working interest in the Misty Moon Lake 3874-17-20-1NH of Converse County, Wyoming.
Permian Gas Finds Another Way to Asia
A crop of Mexican LNG facilities in development will connect U.S. producers to high-demand markets while avoiding the Panama Canal.
Petrobras Sending Nearly Half of Oil Exports to China
Conflict in the Middle East has enabled Brazil’s state-owned Petrobras to change the flow of its oil exports, with China being the primary beneficiary, followed by Europe.
FTC Strikes Again: Diamondback’s $26B Endeavor Merger Delayed
Diamondback Energy, which was nearing the end of a regulatory review period of its merger with Endeavor Energy Resources, is the latest E&P to see a deal postponed by the Federal Trade Commission.
Electrifying Permian Could Threaten West Texas Power Grid—Enverus
Emissions reduction targets and cryptocurrency mining could double power demand and threaten the grid in West Texas by 2040, according to a report by Enverus Intelligence Research.
Archaea to Convert Landfill Gas to RNG in New Kansas Plant
Archaea Energy’s plant in Shawnee, Kansas, will capture gas from a nearby landfill and convert it to renewable natural gas.
NOG Lenders Expand Revolving Credit Facility to $1.5B
Northern Oil and Gas’ semi-annual borrowing-base redetermination left its reserved-based lending unchanged at $1.8 billion.
Equinor Says EQT Asset Swap Upgrades International Portfolio
Equinor CFO Torgrim Reitan says the company’s recent U.S. asset swap with EQT Corp. was an example of the European company “high-grading” its international E&P portfolio.
Imperial Oil Names Exxon’s Gomez-Smith as Upstream Senior VP
Cheryl Gomez-Smith, currently director of safety and risk at Exxon Mobil’s global operations and sustainability business, will join Imperial Oil in May.
US Reforms Green Law to Speed Clean Energy, Infrastructure Permits
The reforms are the second and final phase of adjustments to the National Environmental Policy Act, or NEPA, by the Biden administration.
Message in a Bottle: Tracing Production from Zone to Wellhead
New tracers by RESMAN Energy Technology enable measurement while a well is still producing.
Marketed: Wylease AFE Asset Packages in Johnson County, Wyoming
Wylease LLC has retained EnergyNet for the sale of three Niobrara Shale AFE (authorization for expenditure) packages in Johnson County, Wyoming.
M&A Spotlight Shifts from Permian to Bakken, Marcellus
Potential deals-in-waiting include the Bakken’s Grayson Mill Energy, EQT's remaining non-operated Marcellus portfolio and some Shell and BP assets in the Haynesville, Rystad said.
Chevron CEO: Permian, D-J Basin Production Fuels US Output Growth
Chevron continues to prioritize Permian Basin investment for new production and is seeing D-J Basin growth after closing its $6.3 billion acquisition of PDC Energy last year, CEO Mike Wirth said.
E&P Highlights: April 29, 2024
Here’s a roundup of the latest E&P headlines, including a new contract award and drilling technology.
Diamondback Stockholders All in for $26B Endeavor Deal
Diamondback Energy shareholders have approved the $26 billion merger with Endeavor Energy Resources.
TotalEnergies Eyes Suriname FID by Year-end 2024
France’s TotalEnergies and U.S. partner APA Corp. look to place their long lead orders ahead of a final investment decision related to their joint development offshore Suriname in Block 58.
C-NLOPB Issues Call for Bids in Eastern Newfoundland
Winners of the Call for Bids No. NL24-CFB01 will be selected based on the highest total of money the bidder commits to spend on exploration of a parcel during the first six years of a nine-year license.
What's Affecting Oil Prices This Week? (April 29, 2024)
Stratas Advisors says even with the reported drawdown in U.S. crude inventories, the price of Brent crude oil remains below the upward channel that had been in place since January of this year.
Tivoli Midstream Buys Southeast Texas Coast Infrastructure
Tivoli Midstream acquired the Chocolate Bayou from Ascend Performance Materials, including storage and land for development.
Markman: Want CO2 Gone Now? Well, You Don’t Always Get What You Want
A slew of scenarios shows that climate goals can be achieved with the use of fossil fuels and CCUS.
ProPetro to Provide eFrac Services to Exxon’s Permian Operations
ProPetro has entered a three-year agreement to provide electric hydraulic fracturing services for Exxon Mobil’s operations in the Permian Basin.