Kimmeridge Exits SilverBow Proxy Fight, Takes Credit for $2.1B Crescent Deal
Kimmeridge will withdraw from a proxy fight with SilverBow Resources in light of a $2.1 billion offer by Crescent Energy for the Eagle Ford Shale E&P.
Belcher: Brace for Onslaught of New Biden Regulations
A slew of rulemakings, executive orders and policy decisions affecting energy are headed this way.
Wintershall Adopts Halliburton Landmark’s UEM Subsurface Tool
Wintershall Dea is looking to implement the Unified Ensemble Modeling solution in its drilling campaign at the Maria Field in the Norwegian Sea in 2025, allowing real-time static and dynamic data.
Kinder Morgan Buys Texas Oilfield in Carbon-tax Play, Sources Say
Kinder Morgan’s purchase of Avad Energy Partners’ assets in West Texas shows how the U.S. Inflation Reduction Act’s $60 per metric ton tax credit for carbon sequestration is spurring oil and gas deals.
Imperial’s Project to Lower Oil Sands Emissions Begins Production
Imperial Oil, majority owned by Exxon Mobil, is deploying a new recovery technology at its Grand Rapids oil sands project in an effort to drastically reduce emissions by 2030.
Piñon Midstream Increases Delaware Basin Sour Gas Treating Capacity
Piñon Midstream plans to expand operations at Lea County, New Mexico, facility, the company said.
Developer Seeks Permit to Send US Gas to Mexico for LNG Exports
The project is the latest in a series of developments to convert U.S. gas into LNG and export it from Mexico’s Atlantic and Pacific coasts to meet global demand.
Big Demand Means Big Challenges Ahead for Power Sector
Natural gas could help meet demand, but a new EPA rule requiring CO2 emissions from power plants to be reduced by 90% could limit fossil fuels’ role.
Shell Sees Emerging Asian Markets Taking More of World’s Growing LNG Supply
(Reuters) – Shell expects its Australian supplies of liquefied natural gas (LNG) to help meet demand from emerging markets in south and southeast Asia, which are tipped to absorb some of the pick up in global supplies towards the end of this decade. Asian spot LNG prices rose last week to the highest levels since …
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U.S. Crude, Distillate Inventories Rise, Gasoline Draws Down – EIA
(Reuters) – U.S. crude oil and distillate inventories rose while gasoline inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 1.8 million barrels to 458.8 million barrels in the week ending May 17, the EIA said, compared with analysts’ expectations in a Reuters poll for a 2.5 million-barrel draw. …
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