Lower-Cost Horseshoe Wells Gaining Traction in Tight Leaseholds
Operators such as Matador Resources, Vital Energy and Comstock Resources have drilled more than 60 U-shaped laterals this year.
US Crude Inventories Fall by Most in a Year, Fuel Stocks Build, EIA Says
(Reuters) – U.S. crude oil stockpiles fell sharply last week, posting their largest decline in a year, while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday. Crude inventories fell by 11.5 million barrels to 420.9 million barrels in the week ending June 13, the EIA said, compared with analysts’ expectations in …
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Texas’ RRC Approves Salt Dome NatGas Storage Project Near Houston
The Gulf Coast Midstream Partners’ FRESH facility would add about 26 Bcf of storage to southeast Texas in its first phase. The project is pending a final investment decision.
Rockies Focused Prairie Pursuing M&A Post Bayswater Bolt-On
Prairie Operating CFO Greg Patton describes the company’s shift into the E&P space and its potential M&A plans following Prairie’s $600-million D-J acquisition from Bayswater Exploration and Production.
Ormat Closes Acquisition of Blue Mountain Geothermal Power Plant for $88MM
Located in Nevada, the 20-megawatt geothermal plant will increase Ormat Technologies’ electricity segment generating portfolio to nearly 1.3 gigawatts.
LNG, AI Fervor Raises M&A Interest for US Shale Gas—PwC
Power shift: While E&P dealmaking stalls amid tariffs and price swings, gas-fired assets and utilities are fueling a new M&A surge, PwC finds.
Oil Edges Higher as Iran-Israel Conflict Enters Sixth Day
Oil prices edged higher on June 18 in a volatile session as investors weighed the chance of supply disruptions from the Iran-Israel conflict and potential direct U.S. involvement.
Subsea 7 Wins Contract Award for Project Offshore Norway
The pipeline bundles Subsea7 will use for the project offshore Norway will be made in Scotland and deployed through 2027.
Petronas Signs Non-Binding LNG Deal with Woodside
Petronas and Woodside Energy expect the supply to come from several facilities, including the Louisiana LNG project.
Iran, Israel Trade Accusations at UN Shipping Agency Over Sea Lanes
Iran’s delegation told a session of the International Maritime Organization’s security committee that Israel had in recent days extended its “unlawful attacks” to include petrochemical and gas infrastructure in Asalouyeh along Iran’s Gulf coast.