Ohio Utica’s Gulfport Energy Alerts it May M&A This Year
Gulfport Energy’s comment comes while neighbors Ascent Resources and Encino Energy are reportedly in play.
US Crude Inventories Decline, Jet Fuel Demand Jumps, EIA Says
(Reuters) – U.S. crude stocks and distillate inventories fell last week, while jet fuel demand rose to a five-year high, the Energy Information Administration (EIA) said on Wednesday. Gasoline inventories rose, stoking concerns among analysts of weak demand ahead of a major driving holiday in the U.S. later this month. Crude inventories fell by 2 …
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Oil Market ‘Smile’ Suggests Saudi Arabia’s Output Shift Was Well Timed
(Reuters) – The oil market appears to be telling Saudi Arabia that its shift to pumping more oil after five years of cutting output was well timed. The kingdom has in recent weeks pushed fellow OPEC+ members to produce more oil despite fears about an economic slowdown, a marked change in policy that helped oil …
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Oil Wells Per Location in Lower 48 US States More Than Double in Past Decade, EIA Says
(Reuters) – The U.S. Energy Information Administration said on Wednesday that it estimates that the average number of oil wells completed simultaneously within 50 feet of each other in the Lower 48 states has more than doubled over the past decade. The agency said that simultaneous well completion per location had increased from 1-1/2 wells …
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Hart Energy Announces Forty Under 40 Honorees for 2025
The talented honorees who make up the ninth class of Hart Energy’s Forty Under 40 honorees represent a diverse set of disciplines.
Coterra Cuts 3 Oil Rigs, ‘Prepared for This to Last for a While’
At what price WTI might Coterra Energy cut oily D&C further? “If we were seriously looking at a price below $50, you’d see our tipping point,” said Tom Jorden, chairman, president and CEO.
What’s Next for the US as an Apex Hydrocarbon Producer?
Expect more company integration and more investor attention to data centers and LNG terminals in the U.S. hydrocarbon space, says East Daley Analytics.
Freeport LNG Export Plant in Texas On Track to Exit Outage, LSEG Data Shows
In a report to Texas environmental regulators late on May 6, Freeport said the three liquefaction trains at the export plant shut that morning due to an incoming power feed interruption.
Williams Leans into Power Supply Growth with Ohio Gas-Fired Project
Williams Cos. has fully contracted its Socrates project, a two-site, gas-fired power generating development in Ohio, and plans more for the future.
Jury Sides with Marathon in $123.7MM Force Majeure Case
Koch Energy Services filed the lawsuit against Marathon Oil for a supply failure during Winter Storm Uri.