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In April, MDN told you that EQT Corporation, the second-largest naturalgas producer in the country (and the largest producer in the Marcellus/Utica) was buying out and merging in Olympus Energy for $1.8 billion (see EQT Buying Olympus Energy for $1.8 Billion; 90K Acres, 0.5 The Olympus assets comprise what EQT described as a.
This year, bp completed drilling activities from two gas discoveries offshore the Mediterranean; El-King-2 and El Fayoum-5. The two exploration wells will be tied into the company’s existing onshore infrastructure as part of the West Nile Delta (WND) Gas Development project.
oil and gas drilling activity saw a notable rebound this past week, driven primarily by a surge in naturalgas rigs. According to the latest Baker Hughes Rig Count, the total number of active rigs rose by seven—the largest weekly gain since December—reflecting growing optimism in the gas sector as prices climb.
Image by pavalena via iStock Vietnam Oil and Gas Group (Petrovietnam) and its joint venture partners have signed a product sharing contract (PSC) for Block 15-1 on the southern continental shelf of Vietnam. percent, Korea National Oil Corporation (KNOC) holds 11.4 percent, SK Group holds 7.2 percent, and Geopetrol holds 2.6
s Westcoast naturalgas pipeline system for CA$715 million (US$511 million) — a landmark deal that represents the first transaction backed by Canada’s new federal Indigenous loan guarantee program. The deal marks Enbridge’s fourth equity partnership with Indigenous groups, and its first involving a naturalgas pipeline.
stake in Waga Energy SA (EPA: WAGA), a French leader in renewable naturalgas (RNG) production, in a transaction that values the company at approximately €534 million (US$611 million). The company has scaled rapidly, supported by public and private funding, and has become a key player in decarbonizing the naturalgas value chain.
Enstor said in a media release that the Mississippi Hub is a high-deliverability underground naturalgas storage facility located on the Bond Salt Dome in Simpson County, Mississippi. Bcf of additional working gas capacity and up to 0.7 Bcf, which is roughly 2.5
ArcLight Capital Partners has finalized the acquisition of a 25% equity interest in the NaturalGas Pipeline Company of America (NGPL) from Brookfield Infrastructure, bringing ArcLight’s total ownership in the system to 62.5%. states, NGPL is one of the nation's largest naturalgas transportation systems.
naturalgas sector. Bcf of Remediated Mine Gas (RMG), and expects to process 17–18 Bcf of RMG in 2025. Looking Ahead Despite some softening in naturalgas prices, CNX reaffirmed its 2025 EBITDAX guidance ($1.225B–$1.275B) and capital expenditures ($450M–$500M). With NYMEX gas at $3.59/MMBtu,
Refracs & EOR Gaining Traction Operators are increasingly revisiting older wells with modern completions. Companies like Devon and ConocoPhillips are testing refracs, while CO₂ and gas injection pilots show future potential for Enhanced Oil Recovery. Infrastructure Limits NaturalGas Growth With naturalgas production nearing 3.2
Bcfe for Q1 also boosted results for the Marcellus and Utica naturalgas producer. Gas sales totaled 156.3 Bcfe, naturalgas liquids (NGLs) 11.1 Bcf of remediated mine gas (RMG). million in net profit for Q2, rebounding from two consecutive quarters of losses. Higher sales volumes of 167.6
on Wednesday reported $615 million in adjusted net income attributable to common shares for the second quarter, up 13 percent from the same three-month period last year thanks to higher volumes of transported naturalgas and refined oil products. Kinder Morgan’s naturalgas pipelines carried 44.59 billion to $1.97
As temperatures dropped, oil field equipment froze, wells were shut in, and the naturalgas needed to generate electricity crashed as the demand for power sky rocketed. At first pass, this event seems like it would constitute a force majeure event, and few naturalgas purchasers and suppliers have argued otherwise.
The Company is completing final due diligence, and the appointments are expected to reinforce the Company’s governance and long-term growth strategy. Bcf of proved and probable helium reserves sourced alongside naturalgas production. Will Gray II, CEO of New Era Helium, Inc., New Era Helium, Inc.
The report underscores a clear pivot: naturalgas production growth in the Eagle Ford is expected to stall and decline into 2026 , primarily due to fewer drilling and completion activities planned by operators. Even though 2025 gas production is still expected to increase modestly , momentum is expected to reverse in 2026. “We
Saulsbury Industries’ Conway says that SI is working on projects for completion in 2026 and beyond. Despite the Permian Basin being the second-biggest naturalgas producing region in the United States, gas is a byproduct—and often a nuisance—here. Its capacity is 2-1/2 Bcf/d. So everything’s fine, right?
LLC in Louisiana, complete authorization to export to countries without a free trade agreement (FTA) with the United States, Commonwealth said Wednesday. billion cubic feet (Bcf) a year or 1.21 Bcf per day, to both FTA and non-FTA countries. The offtake agreements involve four million metric tons per annum (MMtpa).
Oil & Gas US Operator Account Directory – $10 Buy Now Includes: Account Name, Location, Phone, Website, Wells Drilled…. gigawatt naturalgas-fired power plant dedicated to a hyperscale data center. Conclusion: Oil & Gas Powers the Digital Future From Texas to Appalachia, U.S.
Rover Pipeline, a 713-mile naturalgas pipeline, was designed to carry up to 3.25 billion cubic feet per day (Bcf/d) of Marcellus and Utica gas from Pennsylvania, West Virginia, and Ohio to destinations in Ohio, Michigan, West Virginia, and Canada.
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. Target in-service date is late 2028.
billion cubic feet (BCF) naturalgas and 66.5 million barrels (MMBBL) condensate/naturalgas liquids (NGL) net to the company (un-risked). BCFnaturalgas and 53.2 The complete resource evaluation can be downloaded from SEDAR+. MMBBL condensate/NGL. for un-risked case.
billion project spanning 216 miles, designed to enhance naturalgas transportation between Katy, Texas, and the Gulf Coasts LNG and industrial hub near Port Arthur. Bcf/d and is set to commence operations in the first quarter of 2027, pending regulatory approvals. Bcf/d capacity project. Bcf/d capacity project.
May 27, 2025 The Hugh Brinson Pipeline, a major naturalgas infrastructure project led by Energy Transfer LP , continues to move forward as key regulatory approvals are secured. Bcf/d of gas. Bcf/d based on demand. Bcf/d based on demand. Phase I : A 42-inch mainline capable of moving 1.5
NaturalGas & NGL Infrastructure Expansion ONEOK is expanding its naturalgas and NGL (naturalgas liquids) infrastructure in the Permian to capture growing production volumes. The pipeline expansion will be completed in 2025 , ensuring ample capacity for long-term growth. Bcf/d in 2025.
With improving naturalgas prices and a reinforced drilling program, the company is clearly positioning itself as a cost-efficient, technologically adept player in one of North America’s premier gas basins. Production Holds Steady Naturalgas production: 115 Bcf Oil production: 10 Mbbls Total production volume: 115.1
The Austin Chalkan overlying bench above the Eagle Ford Shaleis fast becoming the next big naturalgas growth engine, with operators like EOG Resources, SM Energy, and Magnolia Oil & Gas ramping up development to meet rising LNG demand and domestic needs. billion cubic feet per day (Bcf/d) in 2024 to 7.0
average active rigs dropped to 30 , but recent additions brought the April count to 34 , targeting naturalgas plays with long-term LNG potential. With initial Liquefied NaturalGas (LNG) exports beginning shortly in Canada and significant LNG export capacity expansion underway in the U.S., In the U.S. In the U.S. ,
The Austin Chalkan overlying bench above the Eagle Ford Shaleis fast becoming the next big naturalgas growth engine, with operators like EOG Resources, SM Energy, and Magnolia Oil & Gas ramping up development to meet rising LNG demand and domestic needs. billion cubic feet per day (Bcf/d) in 2024 to 7.0
On Thursday Commonwealth said it had completed the permitting process before the United States Department of Energy (DOE), allowing it to deliver to both FTA and non-FTA countries. billion cubic feet (Bcf) a year or 1.21 Bcf per day. trillion cubic feet a year of naturalgas equivalent, or 27.6
In 2024, Ecopetrol invested $880 million into drilling new wells, with 91 wells planned for completion in 2025. Infrastructure and Market Adjustments Infrastructure limitations, particularly in naturalgas takeaway capacity, have been a key bottleneck for Permian growth in previous years. Bcf/d of takeaway capacity.
JULY Energy Transfer Completed its Acquisition of WTG Midstream Holdings Energy Transfers completion of its acquisition of WTG Midstream added approximately 6,000 miles of gas-gathering pipelines that extend Energy Transfers network in the Midland Basin. Bcf/d, and two additional processing plants that are under construction.
As we discussed a few months ago, the Permian Basin is starting to feel the impact of AI data centers creating demand for naturalgas fired electricity. The 50/50 joint venture aims to construct a250MW net-zero data centerpowered by naturalgas with integrated carbon capture, utilization, and storage (CCUS) technology.
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