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(Oil & Gas 360) – Publisher’s Note: CanCambria will present an update on the Kiskunhalas project at EnerCom Denver – The Energy Investment Conference on August 17-20, 2025.
A joint venture of ExxonMobil and Woodside Energy has approved a $222-million project to drill new wells and boost naturalgas production from fields in the Gippsland Basin offshore southeastern Australia.
(Oil & Gas 360) – MIDLAND, Texas–June 12, 2025. Nasdaq: NEHC) (“NEHC” or the “Company”), a next-gen exploration and production platform in the Permian Basin, today announced that Texas Critical Data Centers, LLC (“TCDC”) its joint venture with Sharon AI, Inc., New Era Helium, Inc. Will Gray II, CEO of New Era Helium, Inc.,
naturalgas companies in the Marcellus/Utica, including Ascent Resources, CNX Resources, EQT Corporation, Equitrans Midstream Corporation (now part of EQT), Expand Energy Corporation, MPLX, and Seneca Resources. The Appalachian Methane Initiative (AMI) is a coalition of leading U.S.
percent interest in Delaware G&P, Delaware Basin joint venture, from NGP XI Midstream Holdings for $940 million ($530 million cash). Delaware Basin JV owns naturalgas gathering and processing facilities in Delaware Basin in west Texas and southeast New Mexico with total processing capacity of more than 700 million cubic feet per day.
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communities to date; Consumer savings top $10 billion in 2024 PITTSBURGH, PA – June 23, 2025 – Pennsylvania’s naturalgas impact fee, the state’s tax on naturalgas development, generated $164.5 Naturalgas development remains a key economic driver in Pennsylvania. Nearly $3 billion generated for Pa.
Coterra Energy, formed by the merger of Cabot Oil & Gas (drills for naturalgas in the Marcellus) and Cimarex Energy (drills for oil in the Permian and Anadarko basins), issued its first quarter 2025 update last week. There was a lot of news coming from the update.
naturalgas market, expanding in one of its most profitable business areas. The hedge fund, led by Ken Griffin, agreed to buy assets from closely held Paloma NaturalGas LLC in a deal valued at about $1 billion, people familiar with the matter said. gas production assets, while Mercuria Energy Group Ltd.
The Permian Basin is best known as the beating heart of U.S. Driven by the electrification of oil & gas operations , midstream expansion, and rising residential demand, the Permian is now among the largest contributors to U.S. GW of Permian Demand According to analysis from Rystad Energy, the Permian Basin’s current 7.5
has entered into a two-year compressed naturalgas (CNG) supply agreement with a large-scale, independent energy company located in the Permian Basin. Through this contract, the undisclosed energy company will displace the use of diesel fuel across its entire suite of operations with locally sourced CNG.
This landmark deal not only reshapes EOG’s portfolio but also sends ripples through the broader energy M&A landscape, signaling a shift in where, and how, operators are seeking growth. Historically, EOG has favored organic growth, focusing on early-entry positions in core shale plays like the Delaware Basin and Eagle Ford.
(Oil & Gas 360) –Gillette, WY Cowboy Clean Fuels (CCF), a Wyoming-based climate tech and energy transition company, today announced a groundbreaking offtake agreement with Mercuria, one of the worlds leading independent energy and commodity trading groups.
(Oil & Gas 360) – HOUSTON, TX, June 09, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. This facility enhances our financial flexibility and supports our ongoing development activity and pursuit of accretive growth opportunities in the DJ Basin.” its lead arranger. “The KeyBank National Association, MUFG Bank, Ltd.,
and SAN FRANCISCO, March 10, 2025 (GLOBE NEWSWIRE) — Diversified Energy Co. (Oil and SAN FRANCISCO, March 10, 2025 (GLOBE NEWSWIRE) — Diversified Energy Co. PLC (NYSE: DEC, LSE: DEC) ( Diversified Energy ), FuelCell Energy, Inc. and DANBURY, Conn. and DANBURY, Conn.
( Oil & Gas 360) –THE WOODLANDS, Texas, April 01, 2025 (GLOBE NEWSWIRE) — Ring Energy, Inc. McKinney, Chairman of the Board and Chief Executive Officer, commented, We are pleased to announce the closing of our acquisition of Lime Rocks CBP assets in the Permian Basin. ABOUT RING ENERGY, INC.
(Oil & Gas 360) – Earlier this month, EnerCom met with CanCambria Energy CEO Paul Clarke, PhD, to talk about how the company could transform naturalgas markets in Europe through CanCambrias Kiskunhalas drilling project in the Pannonian tight gasbasin.
(Oil & Gas 360) CanCambria Energy Corp. It is located adjacent to CanCambrias existing Ba-IX mining license (32,500 acres), creating a consolidated, contiguous position within the Pannonian Basin, a mature and historically productive region in southern Hungary. km (233,737 acres) and up to 6,000 m depth from surface.
After a record run of negative pricing last spring and summer, the Permian Basin collectively cheered as WhiteWaters Matterhorn Express pipeline began flowing last October, bringing much-needed takeaway capacity to the area.
You cant live in todays modern society without the benefits of naturalgas development. Nor do we want to, Marcellus Shale Coalition Board Chair Lisa McManus , of Pennsylvania General Energy, told attendees at the MSCs first in-person meeting of the year.
Oklahoma City-based Devon Energy and Ridgemont Equity Partners last week divested their 12.5 percent interest in Matterhorn Express, 510-mile naturalgas pipeline that ships Permian Basingas from Waha hub to Wharton and Katy. There also are two laterals in Midland Basin of 85 and 50 miles.
Brent Crude $66.90 +0.65% NaturalGas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS North America Drops More Rigs by Andreas Exarheas | Rigzone Staff | Monday, June 09, 2025 | 10:13 AM EST North America cut two rigs week on week, according to Baker Hughes' latest North America rotary rig count.
The Ahara license, awarded under the North African country’s 2024 bidding round, sits at the “intersection of the prolific Berkine and Illizi Basins”, TotalEnergies said in a press release. TotalEnergies’ other producing fields in Algeria are the Timimoun gas fields (37.75 square miles) onshore Algeria.
Underground working naturalgas storage capacity in the lower 48 states increased last year, according to the latest data from U.S. Energy Information Administration. EIA calculates naturalgas storage capacity in two ways: demonstrated peak capacity and working gas design capacity. Both increased in 2024.
Energy Information Administration said last week the number of rigs deployed to drill for naturalgas declined over the last two years. naturalgas-directed rigs decreased 32 percent between December 2022 and December 2024. benchmark Henry Hub naturalgas price reached a 14-year high of $6.95
Houston-based Archrock, energy infrastructure company with focus on midstream naturalgas compression, said last week it is acquiring NaturalGas Compression Systems in a cash-and-stock transaction valued at $357 million ($298 million cash). million horsepower. million horsepower.
NaturalGas $3.63 -0.14% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS ADNOC's XRG Targets 20-25 MMtpa Gas Portfolio by 2035 by Jov Onsat | Rigzone Staff | Tuesday, June 10, 2025 | 4:15 AM EST XRG set a goal of building a top-five integrated gas and LNG business with a capacity of 20-25 MMtpa by 2035.
Clean Energy Fuels Corp. LA County Metro has renewed its maintenance agreement with Clean Energy for six stations that will power 1,417 transit buses with an expected 137 million gallons of RNG for the length of the contract. has signed new fueling contracts, infrastructure expansions and RNG production projects.
That unsung hero is energy and lots of it. As data centers and power plants are grappling with rising electricity demand fueled by AI technologies, naturalgas is emerging as the primary energy source of this digital revolution. The naturalgas supply is expected to generate approximately 1.2
marketed naturalgas production remained relatively flat in 2024, according to U.S. Energy Information Administration, and grew by less than 0.4 Production averaged 113 Bcfd, according to EIAs latest NaturalGas Monthly. naturalgas output. Bcfd of marketed naturalgas production.
Naturalgas producers in the Permian Basin should once again brace for lower prices at Waha as production looks to outpace the pipeline capacity needed to transport gas to both domestic and international markets, including liquefied naturalgas shipments, said Jason Feit, lead author of a new report from EIR.
Read more Naturalgas price outlook – Naturalgas gaps lower to start the week Summary : Naturalgas prices opened the week with a gap lower amid weak demand and uncertainty over U.S. Oil rigs declined by 9 to 442, while gas rigs rose by 5 to 114, and 3 were classified as miscellaneous.
Every day, MSC members and their employees continue to drive Americas energy future through the responsible development of Pennsylvanias abundant naturalgas resources. Earth Day is a time to reaffirm that commitment to energy security, economic growth and U.S. global leadership powered by reliable, homegrown energy.
Image by Philipp Pelka via iStock DNO ASA said it has completed its acquisition of Sval Energi Group AS from HitecVision for cash consideration of $450 million based on an enterprise value of $1.6 Sval Energi CEO Halvor Engebretsen will lead the enlarged North Sea business as the managing director for DNO Norge AS, according to the release.
Publisher’s Note: New Era Helium will present at EnerCom DenverThe Energy Investment Conference on August 17-20, 2025. Oil & Gas 360) –MIDLAND, TexasApril 29, 2025. is an exploration and production company that sources helium produced in association with the production of naturalgas reserves in North America.
June 2025 WBI Midstream LLC, a subsidiary of WBI Energy and part of the MDU Resources Group, has officially acquired the Longhorn Gathering & Transmission System from Enerfin Resources II-92 , adding a strategic 116-mile pipeline footprint across Archer, Clay, and Wichita Counties in Texas. What’s Included in the Deal?
The energy producer has hired investment bank Moelis & Co to run the sale process for the assets, the sources said, adding that the talks are at an early stage and a deal is not guaranteed. The Anadarko assets produce around 39,000 barrels of oil equivalent per day, of which about half is naturalgas, two of the sources said.
Project Update: Prince Rupert Gas Transmission (PRGT) Pipeline Clears Key Regulatory Hurdle The British Columbia Environmental Assessment Office (EAO) has confirmed that the 750-kilometre Prince Rupert Gas Transmission (PRGT) pipeline retains its environmental certificate, clearing the way for construction to continue.
(Oil & Gas 360) –April 17, 2025, Calgary, Alberta, Canada Reconnaissance Energy Africa Ltd. ReconAfrica has entered into a Memorandum of Understanding (MOU) with ANPG for a joint exploration project in the Etosha-Okavango basin, located onshore in southeastern Angola. million acres in Angola to the existing 6.3
In its latest June 2025 Short-Term Energy Outlook , the U.S. Energy Information Administration (EIA) delivered a sobering update on the Eagle Ford Basin—once a crown jewel of U.S. According to the agency, the Eagle Ford Basin is the leading contributor to that downward revision, with the Permian Basin also playing a key role.
SM Energy of Denver recently reported record oil production for 2024 and also a company record for yearend estimated net proved reserves. Estimated net proved reserves at yearend 2024 were 673 million barrels of oil equivalent, including 51 percent in south Texas, 34 percent in Midland Basin and 15 percent in Uinta Basin.
(Oil & Gas 360) –Join us as we celebrate three decades of bringing together the energy industrys companies, investors, analysts, and industryleaders! today opened registration for its 30 th annual EnerCom Denver The Energy Investment Conference to be held August 17-20, 2025, at the Westin Denver Downtown.
Energy Information Administration said last week naturalgas pipeline capacity increased by 17.8 Bcfd of naturalgas from Permian Basin to Katy. Bcfd of naturalgas from Permian Basin to Katy. Bcfd of naturalgas to Corpus Christi. Bcfd in 2024.
(Oil & Gas 360) – CanCambria Energy Corp. TSXV: CCEC ) ( FSE: 4JH ) is pleased to announce that it has been granted its first drilling permit from the Hungarian Mining Directorate for the CC- Ba-E-2 appraisal well at its 100% owned Kiskunhalas tight gas project in Hungarys Pannonian Basin.
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