Six New Dean Wildcats Come With 95% Oil in Northern Midland Basin
SM Energy reported geologic variability in deposition in the new play in southern Dawson County, Texas, but “it’s really competitive.”
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Enchanted Rock’s Microgrids Pull Double Duty with Both Backup, Grid Support
Enchanted Rock’s natural gas-fired generators can start up with just a few seconds of notice to easily provide support for a stressed ERCOT grid.
Shell to Grow Working Interest in the Ursa Platform in Gulf of America
HOUSTON, Feb. 21, 2025 /CNW/ — Shell Offshore Inc. and Shell Pipeline Company (SPLC), subsidiaries of Shell plc (Shell), have signed an agreement to increase their stake in the Ursa platform in the Gulf of America. This will increase Shell’s working interest (WI) in its operated Ursa platform, pipeline, and associated fields from 45.3884% to a maximum of 61.35%, …
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Michigan Appeals Court Allows Enbridge’s Line 5 Permits to Stand
Enbridge’s Line 5 still faces a court battle against the state in a case brought by the government.
Energy Transition in Motion (Week of Feb. 21, 2025)
Here is a look at some of this week’s renewable energy news, including a record for community solar capacity in the U.S.
Dividends Declared Week of Feb. 17
2024 year-end earnings season is underway. Here is a compilation of dividends declared from select upstream, midstream, downstream and service and supply companies.
Exxon Aims to Boost Guyana Gas Production, Explore Export Options
Production capacity in Guyana is expected to surpass 1.7 MMbbl/d, with gross production growing to 1.3 MMbbl/d by 2030.
US Oil and Gas Rig Count Rises to Highest Since June, Says Baker Hughes
Despite this week’s rig increase, Baker Hughes said the total count was still down 34, or 5% below this time last year.
US NatGas Prices Jump 6% to 25-Month High on Frozen Wells, Record LNG Flows
(Reuters) – U.S. natural gas futures jumped about 6% to a 25-month high on Friday as extreme cold over the past couple of weeks cut output by freezing wells and as gas flows to liquefied natural gas (LNG) export plants hit record highs. In addition, traders noted that colder temperatures than normal so far this …
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ConocoPhillips to Sell Interests in GoM Assets to Shell for $735MM
ConocoPhillips is selling to Shell its interests in the offshore Ursa and Europa fields in the Gulf of Mexico for $735 million.