Midstream M&A Adjusts After E&Ps’ Rampant Permian Consolidation
Scott Brown, CEO of the Midland Basin’s Canes Midstream, said he believes the Permian Basin still has plenty of runway for growth and development.
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US Crude, Fuel Inventories Fall Last Week, EIA
(Reuters) – U.S. crude oil, gasoline and distillate inventories fell last week, the Energy Information Administration said on Thursday. Crude inventories fell by 2.2 million barrels to 420.6 million barrels in the week ended Oct. 11, the EIA said, compared with analysts’ expectations in a Reuters poll for a 1.8 million-barrel rise. Crude stocks at …
North Dakota Oil Production Up 10,000 bpd in August vs July to 1,179,000 bpd – State Regulator
(Reuters) – Oil production in North Dakota rose 10,000 barrels-per-day (bpd) to 1,179,000 bpd in August, monthly data from the state Industrial Commission showed. The data was released on the North Dakota Industrial Commission’s monthly index report page and has been rounded to the nearest 5,000 barrels. It may differ slightly from the commission’s general …
US Oil Field Production Rises to Record 13.5 Million bpd Last Week – EIA
(Reuters) – U.S. weekly oil field production rose by 100,000 barrels per day (bpd) to a record 13.5 million bpd during the week ended Oct. 11, the U.S. Energy Information Administration (EIA) said in its weekly Petroleum Status Report on Thursday. Reporting by Scott DiSavino and Arathy Somasekhar Editing by Marguerita Choy
Exclusive: Embracing AI for Precise Supply-Demand Predictions
Dak Liyanearachchi, the CTO with NRG, gives insight to AI’s capabilities in optimizing energy consumption and how NRG is making strides to manage AI’s growth, in this Hart Energy exclusive interview.
SLB to Sell Interests in Canada’s Palliser Block
SLB and Torxen Energy had purchased the Palliser crude oil and natural gas assets from Cenovus Energy Inc. for about $1.04 billion cash.
Rystad: 12 MMbbl/d at Risk in Full-blown Middle East War
A full-blown war in the Middle East could end up with 12 MMbbl/d of oil at risk—leading to high prices and widespread global consequences, according to Rystad Energy.
Raising Capital When Private Equity Has Seen Better Days
Oil and gas private equity firms remain active in the market though fundraising hit its peak in 2017.
Vision RNG Secures $207MM to Convert Landfill gas to RNG
Vision RNG has secured funding from climate investor HASI to convert landfill gas to RNG in Ohio.
Great Expectations Continue to Round Out a Big Year in A&D
At least $1.8 billion in A&D transactions have taken place already in 2024.