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We continue to see a robust pipeline of opportunities and the growing need for operational scale and efficiency. This arrangement significantly enhances our ability to pursue and scale strategic acquisitions in what we believe is a highly compelling environment for PDP asset consolidation,” said Rusty Hutson, Jr.,
As a landlocked country, our oil supply is largely via pipelines and intermediaries, added Dr. Gyrgy Bacsa, COO of MOL Hungary. MOL has ambitious E&P investment plans. It is clear that we need to reduce Hungary’s import dependence by all means available.
The United States and the West Virginia Department of Environmental Protection alleged that the company impounded streams and discharged dirt, sand, rocks and other materials into streams and wetlands without permits to construct well pads, pipeline stream crossings, surface impoundments, and other structures relating to natural gas extraction.
Its royalty-focused, asset-light model stands out versus traditional E&Ps like Diamondback, offering high efficiency and lower risk. The recent Quinn Ranch acquisition and a pipeline of 1,191 future development wells further expand Viper’s footprint and growth prospects.
Urban Oil & Gas Group, LLC, a Plano, Texas-based energy investment firm, has recently updated a pipeline operation permit from the Railroad Commission of Texas. miles of natural gas gathering pipelines across Jim Wells, Kleberg, and Nueces counties. The pipeline system comprises two active segments: OM (Other Modification): 38.55
These gas sales alternatives would not require any CAPEX contribution from Zephyr, but could provide for rapid deployment of a near-term gas sales solution – albeit for a portion of gas produced with the remainder ultimately sold via pipeline.
We are pleased to announce the closing of this accretive asset sale, which is part of our $250 million pipeline of non-core asset divestitures announced during our year-end earnings, said Crescent CEO David Rockecharlie.
Expected regulatory updates within the next 90 days could further streamline pipeline installations, potentially reducing project costs and timelines. Publisher’s Note: New Era Helium will present at EnerCom DenverThe Energy Investment Conference on August 17-20, 2025. Register to attend. New Era Helium, Inc.
” Commenting on the Acquisition, Andrew Nunn, CEO of Deltic Energy, said: “Despite the difficult political and fiscal backdrop impacting the UK E&P industry over a number of years, the achievements of the Deltic team and the quality of our assets have been recognised by Viaro.
Greece has been looking to boost its domestic energy supply by installing renewables and boosting offshore gas exploration after the energy crisis of 2022 and the halt of Russian pipeline gas supply to most EU countries.
Upstream Investments; Exploration and Production (E&P): The upstream sector involves the search for oil and gas reservoirs and the extraction of these resources. Investment opportunities in this area include direct investment in E&P companies, partnerships, and joint ventures.
Whilst there can be no guarantee that appropriate opportunities will be forthcoming or lead to funding, Zephyr expects that it will be in a position to present a number of opportunities to the Investor over the initial six months of the Agreement from its current and expected pipeline.
Upstream: Activities: Upstream refers to the exploration and production (E&P) phase of the oil and gas industry. Key Processes: Transportation via pipelines, rail, trucks, or ships; storage in tanks or other facilities; and marketing for wholesale distribution. This includes both onshore and offshore activities.
Vertice management said that the acquisition enhances Vertices’ ability “to support wireline service providers and E&P companies with innovative tools and integrated solutions, and broadens its presence across unconventional oil and gas markets.”
“Free funds flow” is a non-GAAP financial measurecalculated as funds flow less expenditures on property, plant and equipment (“PP&E”). on other countries and responses thereto could have a material adverse effect on the Canadian, U.S. Market capitalization is a supplementary financial measure.
By Robert E. For purposes of the rule, the point of custody transfer is defined as the point where hydrocarbon liquids or natural gas enter a pipeline or any other form of transportation, or the point where hydrocarbon liquids or natural gas enter a natural gas processing plant. Holden and Carlos J. 7412 (n)(4)(A).Section 16, 2012.
Leading producers include: EOG Resources SM Energy Magnolia Oil & Gas Lewis Energy Group Crescent Energy Kimmeridge Texas Gas (KTG) GeoSouthern Energy II New entrants like Black Mountain Oil & Gas , Rosewood Resources , and Mitsui E&P USA have also joined the play, according to Texas Railroad Commission (RRC) filings.
The proposed regulations define “predecessor” as “a prior lessee or owner of operating rights, or a prior holder of a right-of-use and easement grant [RUE], or a pipeline right-of-way grant [ROW], that is liable for accrued obligations on that lease or grant.”
Leading producers include: EOG Resources SM Energy Magnolia Oil & Gas Lewis Energy Group Crescent Energy Kimmeridge Texas Gas (KTG) GeoSouthern Energy II New entrants like Black Mountain Oil & Gas , Rosewood Resources , and Mitsui E&P USA have also joined the play, according to Texas Railroad Commission (RRC) filings.
Gen AI is everywhereâexcept in company P&L About QuantumBlack, AI by McKinsey QuantumBlack, McKinseyâs AI arm, has been helping businesses create value from AI since 2009, expanding on McKinseyâs technology work over the past 30 years. Data accessibility and quality gaps.
The proposed regulations define “predecessor” as “a prior lessee or owner of operating rights, or a prior holder of a right-of-use and easement grant [RUE], or a pipeline right-of-way grant [ROW], that is liable for accrued obligations on that lease or grant.”
The claim will be based on President Biden’s January 2021 revocation of TC Energy’s Keystone XL Pipeline permit. A similar notice of intent was filed by TC Energy in 2016 when President Obama denied its Keystone XL Pipeline permit. 2016 Notice of Intent at p. Department of State that it will make a claim against the U.S.
Privacy Policy: By subscribing to Liskow & Lewis’ E-Communications, you will receive articles and blogs with insight and analysis of legal issues that may impact your industry. 11] The Coast Guard is not responsible for adjusting OPA limits for offshore facilities (other than deepwater ports). 13] 46 U.S.C. 30505; Lewis v. 14] 46 U.S.C.
is about to acquire the shale and pipeline assets of Aethon Energy Management, founded by Albert Huddleston, who is also the CEO. Originally, the company considered either a sale or an initial public offering for the assets, which include over 1,400 miles of pipelines. Reports emerged earlier this week that Mitsubishi Corp.
But that raises costs they must treat it, and build or lease space on pipelines to deliver it. The EIA classifies wells with a GOR of more than 6,000 cf/b as gas wells, not oil wells. Energy companies market the gas.
The drillers arent just seeking natural gas, but rather the associated liquids such as condensate, which is blended with oil sands bitumen to allow it to flow through pipelines and commands stronger pricing than Canadian crude, Rix said. Oil sands production is growing after the start of the expanded Trans Mountain pipeline last year.
the vast majority of its production and also relies on a pipeline that goes through midwestern states to supply provinces in the east. We can lead the energy transition while ensuring affordable energy at home and building the strongest economy in the G-7. Canada ships some 4 million barrels of crude a day to the U.S.
The original list included high-profile projects such as Enbridge (NYSE: ENB )s Line 5 oil pipeline tunnel replacement under Lake Michigan, several natural gas power plants, and liquefied natural gas export terminals proposed by Cheniere and Venture Global.
The pipeline for the Pikka project is expected to be completed by the end of 2025. The $8-billion project is expected to see peak production of 160,000 barrels of oil per day, beginning in 2029, according to 2020 estimates but since then, this has been revised up to a maximum of 180,000 barrels per day (bpd).
PDVSA also seeks to boost the supply of diluents necessary to upgrade the heavy crude to flow via pipelines. Part of the Hamaca crude will go for domestic refining, while PDVSA plans to export the remaining portion to markets other than the U.S., per the document.
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