Classic Rock: E&Ps Launch Refracs of Vintage Eagle Ford Wells
SilverBow Resources, ConocoPhillips and Devon are among E&Ps seeing positive results from restimulating mature Eagle Ford wells, although no operator is sold on the idea.
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U.S. Buys 3 Million Barrels of Oil for Strategic Petroleum Reserve
The U.S. is buying another 3 million barrels of oil for the country’s Strategic Petroleum Reserve, the Department of Energy said on Monday, as it slowly replenishes the stockpile after the largest sale ever in 2022. The oil, which is for delivery to the SPR in November, is being purchased at an average price of …
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Diamondback, Five Point JV Buys More Midland Water Infrastructure
Deep Blue, the joint venture between Diamondback Energy and Five Point Energy, has acquired pipeline and hundreds of thousands of barrels of water disposal capacity from Lagoon Operating Midland.
CorEnergy Infrastructure Aims for June Emergence from Bankruptcy
CorEnergy said the sale of its MoGas and Omega pipelines and repayment of its secured debt encouraged stakeholders to approve recapitalizing the company’s balance sheet.
E&P Highlights: June 4, 2024
Here’s a roundup of the latest E&P headlines, with new contracts awarded and larger commitments made for oil and gas exploration in South Korea and Australia.
Exclusive: Continental Dives Deep Into Anadarko’s Complexities
The Anadarko Basin’s complexities are not stopping Continental Resources from capitalizing on its resources and eyeing acreage that may possibly be on the market soon following the closing of some big deals, the company’s Vice President of the Anadarko Basin Aaron Chang told Hart Energy’s Nissa Darbonne at SUPER DUG.
International Battery Metals Names New CEO
Iris Jancik will succeed Garry Flowers as IBAT CEO when she takes the helm in mid-August.
U.S. Henry Hub Natgas Prices Fall to Four-Year Low in May
U.S. spot natural gas prices at the Henry Hub benchmark in Louisiana fell to a four-year low in May, according to data from financial firm LSEG. Gas prices averaged $2.12 per million British thermal units (mmBtu) in May, their lowest since falling to a 25-year low of $1.75 during the month in 2020. That compares …
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U.S. Oil Futures Draw Renewed Interest from Hedge Funds: Kemp
Portfolio investors purchased petroleum contracts for the first time in seven weeks as traders squared up short positions ahead of a meeting of OPEC⁺ ministers to decide production policy in the second half of 2024. Hedge funds and other money managers purchased the equivalent of 21 million barrels in the six most important futures and …
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U.S. LNG Exports Rise in May as Freeport LNG Returns to Production
U.S. exports of liquefied natural gas (LNG) rebounded in May as Freeport LNG, the country’s second-largest exporter of the superchilled gas, returned to full production and as more supplies flowed to Asia, preliminary data from LSEG showed. The U.S. is the world’s largest exporter of LNG and a key supplier to Europe since Russia’s invasion …
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