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American CNG says it is performing 150 DEMI Diesel Displacer renewable naturalgas (RNG) conversions on Sand Revolution‘s existing diesel fleet, with the potential of additional conversions at a future date. Sand Revolution, based in Midland, Texas, provides turnkey last-mile logistics, focused heavily in the Permian Basin.
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.
The Permian Basin has been the star of the U.S. shale oil and gas industry for years. But this star is, at least for the time being, dimming as production costs rise with the natural depletion of top-quality acreage. But there is another formation that could take up the torch from the Permian. And its in Canada.
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 post Report: M-U has Lowest Methane Emission Intensity of Any O&G Basin first appeared on Marcellus Drilling News.
naturalgas futures eased to a two-week low on Monday amid record output, negative spot prices at the Waha Hub and forecasts for mild weather. Indeed, prices at the hub spent 164 days in negative territory and hit an all-time low -$7/mmbtu at the end of August, truly historical lows.
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. However, two things stood out for us:
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. Demand for the fuel is soaring, driven by rising U.S.
(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.
has entered into a two-year compressed naturalgas (CNG) supply agreement with a large-scale, independent energy company located in the Permian Basin. The post Certarus Inks CNG Supply Deal with Permian Basin Company appeared first on NGT News. Certarus Ltd. In addition to reducing carbon and other […].
(World Oil) –Bayswater Exploration and Production (Bayswater), a Denver-based oil and naturalgas development company closed the sale of certain Denver Julesburg (DJ) Basin assets to Prairie Operating Co. Having operated in the DJ Basin for 16 years, Bayswater remains committed to Colorado.
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. Oklahoma City-based Devon Energy and Ridgemont Equity Partners last week divested their 12.5
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. Most notably, PITs cutting-edge microgrid , backed predominately by naturalgas, ensures seamless airport operations even in the face of grid failures that cripple other major transportation hubs while keeping energy costs and emissions low.
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.
(NYSE American: REI) (Ring or the Company) announced that it has completed its previously-announced acquisition (the Transaction) of the Central Basin Platform (CBP) assets of Lime Rock Resources IV, LP (Lime Rock) on March 31, 2025. ABOUT RING ENERGY, INC. Ring Energy, Inc. For additional information, please visit www.ringenergy.com.
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 After the U.S.
(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.
marketed naturalgas production remained relatively flat in 2024, according to U.S. Production averaged 113 Bcfd, according to EIAs latest NaturalGas Monthly. Production growth in Permian Basin was offset by declining production in Haynesville and flat production in Appalachia. naturalgas output.
The partnership has agreed to create an Acquisition and Development Company ( ADC ) focused on delivering reliable, cost efficient, net-zero power from naturalgas and captured coal mine methane ( CMM ) to meet the soaring demand of data centers for reliable power.
The Morongo Basin Transit Authority (MBTA), on behalf of the California Association for Coordinated Transportation (CALACT) consortium members, has selected Vicinity Motor buses in a statewide purchasing contract. The contract gives state transit agencies authority to purchase Buy America compliant buses directly from Vicinity Motor Corp.‘s
(BOE Report) – Oil and gas firm APA said on Wednesday it curtailed about 8 million cubic feet per day of U.S. naturalgas production and 500 barrels per day of U.S. naturalgas liquids production in the first quarter in response to weak prices. to be $2 per thousand cubic feet (Mcf) and $4.15
(Oil & Gas 360) –MIDLAND, TexasApril 29, 2025. Since 95% of the world’s helium is produced alongside naturalgas, NEH sees a major opportunity to lead the industry in both reducing emissions alongside creating Methane Performance Certificates (MPCs), similar to carbon credits. New Era Helium, Inc.
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.
(the Company or ReconAfrica) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces an agreement for a joint exploration project in Angola with the Agncia Nacional de Petrleo, Gs e Biocombustveis or National Oil, Gas and Biofuels Agency (ANPG). ANPG is Angolas national concessionaire and regulator.
Houston-based Coterra Energy said last week it is reducing plans for oil-directed rigs in Permian Basin in second half of 2025 while boosting spending for gas assets in Marcellus. The company is raising boed and naturalgas production forecasts and lowering capital budget range to $2.0 billion at midpoint. billion to $2.3
Energy Information Administration said last week naturalgas pipeline capacity increased by 17.8 In its latest naturalgas pipeline projects tracker, EIA said major projects in Permian, Eagle Ford in south Texas, Appalachia and Haynesville included Matterhorn Express pipeline operated by Whitewater Midstream that can deliver up to 2.5
The assets, which comprise operations in the Anadarko basin that spans about 300,000 net acres, are expected to fetch a price of more than $1 billion, the sources said, requesting anonymity as the deliberations are confidential. ConocoPhillips and Moelis declined to comment. Houston-based ConocoPhillips, which took on about $5.4
Every day, MSC members and their employees continue to drive Americas energy future through the responsible development of Pennsylvanias abundant naturalgas resources. trillion cubic feet of naturalgas, ranking second nationally. Read more: Pennsylvania NaturalGas Has Low Environmental Footprint, Aids U.S.
naturalgas futures fell about 7% to a three-week low on Monday on a small increase in output over the last few days even though pipeline maintenance curtailed some gas flows from the Permian Basin in West Texas. That pipeline work in Texas trapped some gas in the Permian shale and caused spot prices [Read more]
Denver-based Tallgrass said last week it completed anchor shipper agreements for a new pipeline that will transport naturalgas from multiple points in the Permian Basin to the Rockies Express pipeline and other points of delivery. Target in-service date is late 2028. Pipeline capacity is designed for up to 2.4
naturalgas prices for Monday in the Permian shale basin in West Texas turned negative as spring pipeline maintenance and other constraints trap gas in the nation’s biggest oil-producing basin. Financial firm LSEG said average gas output in the Lower 48 U.S. states fell to 103.9
naturalgas production, particularly in the Haynesville Basin, as domestic gas prices surge. CEO Murray Auchincloss, speaking at the CERAWeek conference in Houston, highlighted the companys renewed focus on oil and gas, marking a strategic pivot from its previous emphasis on renewable energy.
Naturalgas produced in Pennsylvania, Ohio and West Virginia has some of the lowest associated air emissions and water usage, according to a new peer-reviewed study from the U.S. greenhouse gas emissions. greenhouse gas emissions. naturalgas production continues to improve. greenhouse gas emissions march.
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. Reserves were comprised of 44 percent oil, 38 percent naturalgas and 18 percent NGLs.
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 Why NaturalGas?
Houston-based Northwind Midstream Partners said last week it has constructed and placed into service 150 million cfd of high-circulation amine capacity, two acid-gas disposal and carbon sequestration wells, more than 200 miles of large-diameter pipelines, and 41,750 horsepower of compression at five compressor stations.
Texas also produced record volumes of naturalgas in 2024 with 12.62 That tops the previous records for naturalgas production of 12.30 Tax revenue from oil and gas production is funneled into major parts of the state budget, including public education, the rainy day fund and transportation. trillion cubic feet.
1, is making a strategic move to supply naturalgas-powered energy to AI data centers across the United States. Chevrons NaturalGas-Powered Solution Chevron, GE Vernova, and Engine No. made GE Vernova 7HA naturalgas turbines , known for their high efficiency and reliability. million U.S. Deploying U.S.-made
(Oil & Gas 360) – HOUSTON , May 16, 2025 / PRNewswire / — EOG Resources, Inc. ( The UCO3 concession area is 3,609 square kilometers, or nearly 900,000 acres, in an over-pressured, oil prone basin within the Al Dhafra region of Abu Dhabi. Yacob , Chairman and Chief Executive Officer of EOG.
By EDF Blogs By Nini Gu Data recently collected by EDF’s MethaneAIR project in 2023 reveals a striking difference in the emissions profiles between the two major Colorado basins: the Denver-Julesburg (D-J) in the east, and the Piceance in the west. The D-J Basin exhibited a 1.7%
Last year, Enbridge struck a deal to buy three naturalgas utilities in the United States from Dominion Energy for a total consideration of $14 billion. The expansion of Enbridges gas business also paid off in the first quarter of the year. In the naturalgas transmission business, Enbridge sanctioned the 1.75
The Permian Basin continues to be a driving force behind U.S. oil and gas production, and ONEOK Inc. Heres a breakdown of what was said about the companys investments and outlook for the basin. Heres a breakdown of what was said about the companys investments and outlook for the basin. Bcf/d in 2025.
The Marcellus/Utica region is by far the most prolific naturalgas production area in the U.S., The shale play experienced phenomenal growth in the 2010s, its gas production rising from less than 2 Bcf/d to more than 33 Bcf/d over that decade. accounting for about one-third of the nations daily output.
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