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Chevron Meets Wall Street Profit Estimates But Buts Buybacks in Q2

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Natural Gas, Oil, US News / By mark

Summary Chevron maintains dividend and share buyback strategy despite lower crude prices Production flat year-over-year, impacted by asset sales Chevron’s Q1 oil and gas earnings drop from previous year HOUSTON, May 2 (Reuters) – Chevron on Friday reported first-quarter earnings that met Wall Street estimates, but said it would spend less on share repurchases in …

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Venture Global Raises $3 Billion Towards Building CP2 Louisiana LNG Plant

Conventional Energy, Latest, LNG, US News / By mark

Venture Global has raised $3 billion in debt finance towards the construction of its CP2 LNG plant in Louisiana, which would be the largest single liquefied natural gas plant in the U.S., the company said on Thursday. Venture Global is the U.S.’ second-largest LNG exporter and has played a key role in making the country …

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EOG Resources Bolts-On 30,000 Acres in Eagle Ford for $275MM

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EOG Resources said it bolted on undeveloped core Eagle Ford Shale acreage in Atascosa County, Texas, and made a discovery offshore Trinidad.

Comstock Extends Bcf-Gushing Western Haynesville to 45 Miles Wide

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Comstock Energy’s Olajuwon Pickens #1H “shoots and scores” 41 MMcf/d from a 10,306 ft lateral—adding Freestone County, Texas, to what is now a three-county play.

Orion Acquires Interests in Oklahoma, Colorado and Arkansas

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Orion, which holds 53,000 mineral acres in the Bakken, Permian Basin and other shale plays, said it’s also considering re-entering its Eagle Ford Shale assets.

Riverbend Deals Build Delaware, Williston Non-Op Portfolio

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Riverbend Energy Group continues to rebuild a non-operated portfolio in the Delaware and Williston basins.

Dominion Energy, Stonepeak’s Offshore Wind Project Moves Closer to Completion

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The Coastal Virginia Offshore Wind project is 55% complete as the U.S. offshore wind sector faces continued headwinds.

US Equals Monthly LNG Export Record in April

Conventional Energy, Latest, LNG, US News / By mark

(Reuters) – The United States in April equaled its record for the largest volume of liquefied natural gas exported as capacity increased with the ramp-up of Venture Global’s Plaquemines plant, LSEG data showed. The U.S. is already the world’s largest exporter of LNG and its capacity is expected to grow 20% in 2025 to 115 …

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Targa Gets 1Q Earnings Boost from Bakken, NatGas

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Targa Resources says crude sales from its Badlands operations in the Bakken Shale were up 13% from 2024 to 107,100 bbl/d.

Trump Says Buying Iranian Oil Must Stop, Threatens Secondary Sanctions on Purchasers

Conventional Energy, Latest, Oil, US News / By mark

(Reuters) – U.S. President Donald Trump said all purchases of Iranian oil or petrochemical products must stop and any country or person buying any from the country would be immediately subject to secondary sanctions. “They will not be allowed to do business with the United States of America in any way, shape, or form,” he …

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