Permian Surface-owner LandBridge to Raise up to $367MM in IPO
Houston-based LandBridge holds some 220,000 surface acres in the Delaware Basin.
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States Sue US to Block Rule That Oil Firms Guarantee Payment to Dismantle Old Wells
The lawsuit was filed against the U.S. Bureau of Ocean Energy Management to block the proposed rule that would require the offshore oil and gas industry to cover costs of dismantling old infrastructure.
URTeC: E&Ps Tap Refrac Playbook for Eagle Ford, Bakken Inventory
Refracs and other redevelopment projects might not be needle-moving growth drivers—but they’re becoming more common for E&Ps levered in maturing plays like the Eagle Ford and Bakken, experts discussed at URTeC 2024.
Permian Operations at Risk as Wastewater Equation Remains Unbalanced
Wastewater injection is a growing cause of induced seismic activity in oil- and gas-producing regions in the U.S., and without proper management solutions, operational capacities are at risk.
Bill Gates Says He’s Ready to Put Billions Into Nuclear Power
Bill Gates said he’s prepared to plow billions of dollars into a next-generation nuclear power plant project in Wyoming to meet growing US electricity needs. TerraPower LLC, a startup founded by Gates, broke ground for construction of its first commercial reactor last week in Wyoming, where a coal plant is shutting down, the billionaire co-founder …
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Trump Plans to Restart Oil Drilling in Alaska Arctic Refuge
Trumps tells Senate Republicans he wants drilling in region Biden canceled lease sales last year, increased conservation Donald Trump told Senate Republicans Thursday he would restart oil drilling in Alaska’s Arctic National Wildlife Refuge, reversing a move by the Biden administration to cancel leases in the frozen wilderness. “He said ‘We’ll get back to that,’” Senator …
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Phillips 66 to Sell Pipeline Stake to Tallgrass for $1.3 Billion
Phillips 66 reached a deal to sell its 25% interest in one of the largest US natural gas pipelines to the system’s majority owner, Tallgrass Energy LP, for about $1.3 billion. The sale of the Rockies Express Pipeline stake is part of Phillips 66’s push to divest more than $3 billion in assets, the Houston-based oil refiner …
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New Fortress Expects First LNG from Unit Offshore Mexico in a Matter of Days
New Fortress Energy Inc. is expecting first LNG by the end of the month for its first Fast LNG unit located offshore Altamira, Mexico.
Oil Supply Growth Set to Taper in 2024, Rystad Energy Says
Global oil supply growth will likely slow down this year, Rystad Energy said in a report on Monday, with a high possibility of a further decrease in 2025. The consultancy firm cited the recent extension of voluntary cuts by the OPEC+, as well as the group’s unchanged demand forecast for the outlook. The total expected …
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States Sue U.S. to Block Rule That Oil Firms Guarantee Payment to Dismantle Old wells
Texas, Louisiana and Mississippi on Monday sued the U.S. government to block the Biden administration’s proposed rule that would require the offshore oil and gas industry to provide nearly $7 billion in financial assurances to cover costs of dismantling old infrastructure. The rule, which would take effect later this year, will predominantly affect smaller companies …
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