By Timothy Gardner WASHINGTON, May 30 (Reuters) – The U.S. has axed awards to 24 green energy projects issued during President Joe Biden’s administration that totaled more than $3.7 billion, including one at an Exxon refinery complex in Texas, the Energy Department said on Friday. The administration of President Donald Trump has said it is …
US Axes 24 Clean Energy Projects, Including at Exxon’s Baytown Read More »
Shale producer EOG Resources said on Friday it would acquire U.S. oil and gas firm Encino Acquisition Partners for $5.6 billion, including debt, to bolster its Utica assets. The deal signed with Canada Pension Plan Investment Board (CPP) and Encino Energy will give EOG access to additional 675,000 net core acres and expand its multi-basin …
Oil and Gas Firm EOG Strengthens Utica Footprint with $5.6 Billion Encino Deal Read More »
The oil and gas rig count fell by three to 563 in the week to May 30. Baker Hughes said this week’s decline puts the total count down 37 rigs, or 6%, from this time last year.
The oil and gas rig count fell by three to 563 in the week to May 30. Baker Hughes said this week’s decline puts the total count down 37 rigs, or 6%, from this time last year.
The $5.6 billion deal for the Encino Acquisition Partners adds to EOG Resources’ oil-focused footprint in Ohio’s Utica Shale.
HOUSTON, May 30, 2025 /PRNewswire/ — EOG Resources, Inc. (EOG) today announced a definitive agreement with Canada Pension Plan Investment Board (CPP) and Encino Energy under which EOG will acquire Encino Acquisition Partners (EAP or Encino) for $5.6 billion, inclusive of EAP’s net debt. EOG currently expects to fund the acquisition through $3.5 billion of debt …
Summary Two VLGCs wait to load ethane for China -Kpler, LSEG 13 tankers due to load ethane for China in June -Kpler Enterprise warns ethane, butane exports to China could fall (Reuters) – Chinese purchases of U.S. ethane, a key petrochemical feedstock, face fresh uncertainty after the Commerce Department told exporters to seek licences to …
US Ethane Exports to China Hit New Roadblock with Licence Requirement Read More »
North Dakota has extended its policy on how long producers can leave wells uncompleted after drilling, a move that is expected to help drillers cope with weak oil prices, the state’s Department of Mineral Resources said on Thursday. Oil producers around the country have announced plans to drop rigs and delay completing wells as U.S. …
Sempra’s Port Arthur Phase 2 project “marks a significant expansion of the first phase already under construction – turning more of the liquid gold beneath our feet into energy security for the American people,” said U.S. Energy Secretary Chris Wright.
Continental Resources’ Founder Harold Hamm said, “There are some interesting basins still that have some allure, some of which have been picked over a little bit but no one found anything. That doesn’t mean it’s not there.”
