On the Market This Week (May 26, 2025)
Here is a roundup of marketed oil and gas and mineral and royalty leaseholds for the week of May 26, 2025, in the Midland, Delaware and Denver-Julesburg basins and Marcellus and Utica shales.
Latest
US Regulators Approve Some Construction at Venture Global’s CP2 LNG Plant
U.S. regulators gave Venture Global permission on Friday to proceed with some construction activities at its proposed CP2 LNG facility in Louisiana, according to a Federal Energy Regulatory Commission document. Venture Global is proposing to build a 20 million metric tons per annum plant at Calcasieu Pass. FERC approved the plant’s entire construction last week. …
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US Driving Season Starts Strongly for Oil Refiners
At least for now, the allure of cheaper gasoline appears to be outweighing concerns consumers may have about the economy. By Nathan Risser More Americans hit the road last Memorial Day weekend than a year ago. Photographer: David Paul Morris/Bloomberg The driving season in the US officially began Monday with the Memorial Day weekend. The …
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Brookfield Eyes $3 Billion in Debt for Colonial Pipeline
By Aaron Weinman and Chunzi Xu Brookfield Asset Management Ltd. is lining up approximately $3 billion in debt financing to support its purchase of Colonial Enterprises, which operates the Colonial Pipeline in the US, according to people familiar with the matter. Morgan Stanley is leading the financing and a deal could emerge in the leveraged …
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US Posted Record Oil Output Before Price Dip Spurred Rig Retreat
By Lucia Kassai US drillers pumped a record amount of oil in March, but the final number came in lower than government figures previously indicated. Total liquids production rose to an all-time high of 20.8 million barrels a day in March, up 3.1% from the previous month, the Energy Information Administration said Friday. The number, …
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US Targets Geothermal Projects for Emergency Permitting
By Valerie Volcovici WASHINGTON, May 30 (Reuters) – The U.S. Department of the Interior said on Friday it was implementing emergency permitting procedures to accelerate reviews of geothermal energy projects as part of President Donald Trump’s energy agenda. The projects that will be fast-tracked include three in Nevada led by Ormat (ORA.N), which received funding …
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OPEC+ May Discuss Oil Output Hike Larger Than 411,000 bpd for July, Sources Say
By Dmitry Zhdannikov, Olesya Astakhova and Ahmad Ghaddar OPEC+ may discuss hike larger than 411,000 bpd, sources say Eight OPEC+ members to meet online on Saturday at 0900 GMT Kazakhstan has informed OPEC it won’t cut output For an EXPLAINER on OPEC+ output cuts, click here LONDON/MOSCOW, May 30 (Reuters) – OPEC+ may discuss an …
OPEC+ May Discuss Oil Output Hike Larger Than 411,000 bpd for July, Sources Say Read More »
US Drillers Cut Oil and Gas Rigs to Lowest Since November 2021, Baker Hughes Says
By Scott Disavino May 30 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a fifth week in a row to the lowest since November 2021, energy services firm Baker Hughes (BKR.O), opens new tab said in its closely followed report on Friday. It was the …
US Drillers Cut Oil and Gas Rigs to Lowest Since November 2021, Baker Hughes Says Read More »
US Axes 24 Clean Energy Projects, Including at Exxon’s Baytown
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 »
Oil and Gas Firm EOG Strengthens Utica Footprint with $5.6 Billion Encino Deal
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 …
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