US Raises Crude Production Growth Forecast for 2024
U.S. crude oil production will rise by 260,000 bbl/d to 13.19 MMbbl/d this year, the EIA said in its Short-Term Energy Outlook.
CNX Joins Crowd of Companies Cutting Back NatGas Production
Appalachian gas producer CNX Resources is reducing natural gas production in 2024 and announced delays for well completions on three shale pads.
Laredo Oil Settles Lawsuit with A&S Minerals, Erehwon
Laredo Oil said a confidential settlement agreement resolves a title dispute with Erehwon Oil & Gas LLC and A&S Minerals Development Co. LLC regarding mineral rights in Valley County, Montana.
Enerflex Appoints Thomas B. Tyree to Board
Tyree currently serves on Antero Resources’ board and recently served as chairman of Northwoods Energy LLC in 2023.
Avangrid to Build its Fifth Wind Farm in Illinois
Osagrove Flats, the 153 MW wind farm, will bring Avangrid’s renewable energy capacity in Illinois to nearly 800 MW.
Cyber-informed Engineering Can Fortify OT Security
Ransomware is still a top threat in cybersecurity even as hacktivist attacks trend up, and the oil and gas sector must address both to maintain operational security.
GEODynamic’s EPIC Perforating Technologies for Wireline Solutions
The EPIC Precision and EPIC Flex top-loading gun systems are engineered to be used across a broad range of unconventional well designs for extremely reliable plug-and-perf completions.
The AI Revolution Needs Chips, Software – and Gas Pipelines
Big metal tubes filled with flammable vapor aren’t an obvious element of the artificial intelligence vision. By Liam Denning Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column. The fervor for all things AI …
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EQT to Acquire Mountain Valley Pipeline Owner for $5.5 Billion
Controversial project is due to be completed in second quarter Equitrans was spun out of EQT in 2018 after investor pressure US natural gas producer EQT Corp. agreed to buy back former unit Equitrans Midstream Corp. for about $5.5 billion in stock, the latest in a flurry of deals in the oil and gas pipeline industry. The transaction will …
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Anatomy of the Deal: A $35 Bln Gas Reunion Tracks a Topsy-Turvy Market
(Reuters Breakingviews) – Gas producer EQT’s old management weathered an activist investor outcry, squeaked through an expensive deal, and spun off its pipeline division – only to be ejected by the executives they bought out. Now, new management is putting the pieces back together, on Monday striking a merger with that spinoff, Equitrans Midstream. It’s a sign …
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