Bakken
EQT Reports Smaller-than-Expected Q2 Loss, Boosted by Higher Sales Volumes
EQT Corp. posted a smaller-than-expected second-quarter loss on Tuesday, as the natural gas producer benefited from higher sales volumes.
Mid-Year Global Forecast: Midstream Responding to Demand from LNG Projects
Global pipeline construction surged to nearly 42,000 miles in mid-2024, driven by increased LNG and hydrogen infrastructure needs, with significant expansions in North America and Europe.
Woodside Energy to Acquire Tellurian for $1.2 Billion, Securing Future of Driftwood LNG Project
The agreement could strengthen the United States' position as the world's largest producer of the superchilled gas by securing the completion of Tellurian's 27.6 million metric ton per annum facility in Lake Charles, Louisiana.
Editor’s Notebook: Landowners and CO2 Pipelines Amid South Dakota Legislation
(P&GJ) — South Dakota's new bill empowers landowners to challenge forced easements for CO2 pipelines, enhancing rights amid eminent domain concerns. The legislation impacts projects like Summit Carbon Solutions, aiming for fairer terms and compensation for affected property owners.
WTI Futures Backwardation Hits 8-Month High as Cushing Stocks Fall
The premium for front-month U.S. crude oil futures over the second-month contract CLc1-CLc2 widened to its highest since October on Wednesday, LSEG data showed, as stocks at the WTI delivery point, Cushing, Oklahoma, fell last week to a three-month low.
LNG’s Role in a Realistic Energy Transition
We are observing remarkable expansion and diversification within the global LNG market. It is projected that the market will grow from 400 million tons in 2023 to over 600 million tons by 2029.
Judge Pauses Wyoming Oil, Gas Drilling Leases for Environmental Review
A federal judge has ordered the U.S. Bureau of Land Management to pause approving new permits to drill for oil and gas on nearly 120,000 acres of federal land in Wyoming until it finishes reevaluating the environmental impacts of a lease sale.
Freeport LNG Resumes Natural Gas Imports Post-Hurricane Beryl
Freeport is one of the most-watched U.S. LNG export plants in the world because it has a history of swaying global gas prices when it shuts.
Shell's Gas Bet Takes Shape with New LNG Deals
Shell has replaced LNG volume it lost after exiting Russia in 2022 with a string of deals that underpin CEO Wael Sawan's bet on growing demand for the fuel as he reduces the focus on renewable energy.
Kansas Fed: Q2 Oil, Gas Activity Declines in U.S. Rockies and Midwest, Rebound Expected
Oil and gas activity in the U.S. Midwest and Rockies declined during the second quarter, but is expected to rebound over the next six months, the Federal Reserve Bank of Kansas City said on Friday in a quarterly energy survey.
Marathon Oil Faces Record $241 Million Fine for North Dakota Air Pollution Violations
U.S. officials on Thursday announced a $241 million settlement with Marathon Oil over alleged air pollution violations at dozens of the company's oil and gas facilities on a North Dakota Indian reservation, saying it was part of an ongoing crackdown.
Montana Appeals to Overturn Landmark Climate Ruling on Fossil Fuel Project Approvals
Montana's top court is set to hear the state's appeal of a landmark ruling holding that it was violating the rights of young people to a clean and healthful environment by barring regulators from considering the impacts on climate change when approving fossil fuel projects.
Diversified Acquires East Texas Gas Assets, Including 500 Miles of Pipelines, for $106 Million
Diversified Energy Company has agreed to buy natural gas assets, including over 500 miles of pipelines and compression facilities, in eastern Texas from Crescent Pass Energy for $106 million.
U.S. Natural Gas Output to Decline in 2024, While Demand Rises to Record High, EIA Says
U.S. natural gas production will decline in 2024 while demand will rise to a record high, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook on Tuesday.
Texas Oil Companies Restart Operations After Hurricane Beryl
Oil and gas companies in Texas were restarting operations on July 9 after Hurricane Beryl lashed the state with 80-mph winds, damaging property and leaving millions of people without power.
Devon Energy to Acquire Grayson Mill's Williston Assets for $5 Billion
Devon Energy has entered into a deal to acquire private equity firm EnCap-owned Grayson Mill Energy's Williston basin business in a cash-and-stock deal worth $5 billion, as it aims to cash in on high stock valuations to grow acreage.
Freeport LNG Gas Flows Hit Near Zero During Hurricane Beryl
During Hurricane Beryl, natural gas flows to Freeport LNG's export plant in Texas plummeted to near zero, impacting U.S. LNG exports.
Largest Texas Ports Close; Enbridge Activates Emergency Plans, Kinder Morgan Shuts Facilities as Hurricane Beryl Nears
Largest Texas ports close as Hurricane Beryl nears, affecting Enbridge and Kinder Morgan operations. The companies implemented emergency plans and facility shutdowns ahead of the storm's landfall on the Texas coast.
Elevation Midstream and ARB's Platte River Merge to Lead DJ Basin Consolidation
The Platte River assets include more than 200 miles of crude gathering and transmission pipelines and offer multi-market optionality to customers via the Platteville and Lucerne Terminals.
Exxon's Q2 Outlook Affected by Pioneer Deal and Gas Price Trends
Exxon's second-quarter outlook hinges on the impact of its Pioneer acquisition and fluctuating gas prices, amid broader market dynamics.
U.S. Supreme Court Blocks EPA's 'Good Neighbor' Air Pollution Plan
The 5-4 decision granted requests by Ohio, Indiana and West Virginia, as well as U.S. Steel Corp, pipeline operator Kinder Morgan and industry groups, to halt enforcement of the EPA's "Good Neighbor" plan restricting ozone pollution from upwind states, while they contest the rule's legality in a lower court.
U.S. Oil Firms Face Challenges Selling $27 Billion in Assets Post-Megamergers: Analysis
U.S. oil and gas companies could face an uphill struggle to sell about $27 billion of assets to fund investor payouts over the next few years as the biggest wave of energy megamergers in 25 years nears the end of regulatory reviews.
Kimmeridge Acquires 90% Stake in Commonwealth LNG
Private equity firm Kimmeridge, through its subsidiary Kimmeridge Texas Gas, has acquired a 90% stake in proposed U.S. liquefied natural gas export project Commonwealth LNG, it said on Tuesday.
Equitrans and EQT Announce Preferred Stock Election Deadline Ahead of Merger
Equitrans Midstream Corp. and EQT Corp. have announced the deadline for record holders of Equitrans Series A Perpetual Convertible Preferred Shares to elect their form of consideration in connection with the upcoming merger.
States Sue U.S. to Block $7 Billion Rule Requiring Oil Firms to Guarantee Well Dismantling Payments
Texas, Louisiana and Mississippi on Monday sued the U.S. government to block the Biden administration's proposed rule that would require the offshore oil and gas industry to provide nearly $7 billion in financial assurances to cover costs of dismantling old infrastructure.
Colonial Pipeline Owners Explore Stake Sales at $10 Billion Valuation: Sources
Some of Colonial Pipeline's owners are exploring divesting their stakes, hoping they can fetch prices that would value the largest U.S. fuel transportation system in excess of $10 billion, according to people familiar with the matter.
TC Energy Shareholders Approve Spin-Off of North American Oil Pipeline Business
TC Energy shareholders voted in favor of spinning off the Canadian company's liquids pipeline business on Tuesday, creating a new energy infrastructure firm known as South Bow Corp. whose assets include the Keystone oil pipeline.
Enbridge Adds 21,000 Miles of Gas Pipelines to Network with Questar Gas Company Acquisition
Questar Gas's asset portfolio includes over 21,000 miles of natural gas distribution and transmission pipelines, a liquefied natural gas storage facility that enhances system reliability, and interconnections to multiple interstate natural gas pipelines.
EIA: U.S. Oil Output in Top Shale Regions to Hit Six-Month High in June
Production in the top basins will reach 9.85 million barrels per day (bpd), its highest since December, the EIA said.
U.S. Gas Surplus Forecasted to Vanish by End of Winter 2024/25
U.S. gas inventories are nearing record highs for this time of year, propelled by exceptionally mild temperatures during the winter of 2023/24, attributed to the El Nino weather phenomenon.
- Mexican President: Billionaire Slim Interested in Pemex Natural Gas Project
- Freeport LNG Sues Three Contractors Over Defects at Texas Plant
- Energy Transfer Adds 6,000 Miles of Pipeline with $3.25 Billion WTG Midstream Acquisition
- FERC Approves Transco's Texas to Louisiana Gas Pipeline Project
- Williams Says Court Rules in Its Favor in Pipeline Dispute with Energy Transfer
- U.S. to Buy 4.5 Million Barrels of Oil to Replenish Strategic Petroleum Reserve
- Kurdish Oil Smuggling to Iran Flourishes
- U.S. Court Overturns Alaska Oil Lease Sale, Halting Energy Development
- Second Gas Pipeline Rupture in Texas’ Reeves County Raises Environmental Concerns
- Williams Begins Louisiana Pipeline Construction Despite Ongoing Legal Dispute with Energy Transfer
