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(Nasdaq: PROP) (the “Company” or “Prairie”), an independent energy company engaged in the development and acquisition of oil and natural gas resources in the Denver-Julesburg (DJ) Basin, today announced the reaffirmation of its multi-year Reserve-Based Lending (“RBL”) credit facility with Citibank, N.A., its lead arranger.
This agreement represents the first tranche of a diversified portfolio of feedgas that will support the Louisiana LNG project, enabled by the projects extensive interconnectivity to multiple producing basins and inter-connecting pipelines. Woodsides CEO Meg ONeill said the agreement marks another milestone for the Louisiana LNG project.
this year, actively pursuing international partnerships following a revision of its Hydrocarbons Law in 2029. UNOC is also advancing exploration in the Moroto-Kyoga basins, with preliminary studies aimed at uncovering new oil fields. In Namibia, NAMCOR is working with IOCs toward first oil production from the Orange Basin by 2029.
Woodside is targeting first LNG in 2029. The marketing opportunities Louisiana LNG offers across the Pacific and Atlantic Basins leverages Woodsides proven LNG marketing capabilities and complements our established position in Asia. (World Oil) – Woodside has made a final investment decision to develop the three-train, 16.5
(Shell Brasil), a subsidiary of Shell plc, announced that it has taken the Final Investment Decision (FID) for Gato do Mato, a deep-water project in the pre-salt area of the Santos Basin, offshore Brazil. The consortium anticipates that the Gato do Mato field will commence operations in 2029.
5-Year Growth Outlook & Strategic Expansion Whitecap has outlined an ambitious yet achievable 5-year growth plan to reach 215,000 boe/d by 2029 , with a focus on: Montney & Duvernay Expansion: Kaybob, Kakwa, and Musreau growth through enhanced drilling and infrastructure investment. Helps secure cash flows and maintain dividends.
New Discoveries and Project Highlights BP delivered on exploration with six new discoveries across global basins: In the US Gulf of America , BP made a Miocene oil discovery at the Far South prospect in Green Canyon Block 584, 120 miles off Louisiana. shale basins. shale basins. Net producing wells (end of period): 1,133.9
The Permian Basin may soon become ground zero for the convergence of hydrocarbons and high-performance computing. Well have a steady drumbeat of these [LNG] projects NFE in 2026, then Port Arthur, NFS, and Willow in 2029, said OBrien. From West Texas to global LNG markets, top U.S.
natural gas producers and investment firms are gearing up for more activity in Louisianas Haynesville shale basin, positioning themselves for a boom in liquefied natural gas exports boosted by new approvals from President Donald Trump. shale business between 2026 and 2029. (BOE Report) – U.S. It plans to spend at least $1.9
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