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Chord Energy and Enerplus to Combine in $11 billion Transaction Creating Premier Williston-Focused E&P Company With Top-Tier Shareholder Returns

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Mergers and Acquisitions, Oil, Pinned Primary, Press Releases, US News / By

Enhanced Operating Scale to Drive Returns and Free Cash Flow; Combined Acreage Position Totaling 1.3 Million Net Acres and Combined 4Q23 Production of 287,000 Boepd Combined Company has Approximately 10 years of Low-Breakeven Inventory with Significant Opportunity to Enhance Returns through Efficiencies and Expanding Three-Mile Lateral Opportunities Transaction Accretive to Key Metrics  While Preserving Low Leverage; …

Chord Energy and Enerplus to Combine in $11 billion Transaction Creating Premier Williston-Focused E&P Company With Top-Tier Shareholder Returns Read More »

Tumbling U.S. Natural Gas Prices Prove Unstoppable, Hurting Producers

Conventional Energy, Latest, Natural Gas, Pinned Primary, US News / By

For nearly a year, U.S. natural gas producers have slammed the brakes on production as prices fall. But relentless output gains including from oil companies that pump gas as an oil byproduct have unleashed record supplies. In the oil versus gas contest, gas producers are losing out. Some are shutting in wells, canceling projects or …

Tumbling U.S. Natural Gas Prices Prove Unstoppable, Hurting Producers Read More »

U.S. House Passes Bill to Reverse Biden’s LNG Pause but Still Faces Battle with Democrat-Controlled Senate

Conventional Energy, Latest, LNG, Pinned Primary, US News / By

A bill to strip the power of President Joe Biden’s administration to freeze approvals of liquefied natural gas exports passed in the Republican-controlled U.S. House of Representatives on Thursday, but faces an uphill battle in the Senate. The House approved the bill sponsored by Representative August Pfluger of gas-producing Texas 224-200 on a mostly party-line …

U.S. House Passes Bill to Reverse Biden’s LNG Pause but Still Faces Battle with Democrat-Controlled Senate Read More »

U.S. House to Vote on Biden’s LNG Political Pause Friday, White House Defends Move

Conventional Energy, Latest, LNG, Pinned Primary, US News / By

Republican lawmakers opposing President Joe Biden’s pause on LNG export approvals said the U.S. House of Representatives will vote on Friday on a bill to take those approvals out of the hands of the Department of Energy. The bill has been in development since before the move last month by Biden, a Democrat, to pause …

U.S. House to Vote on Biden’s LNG Political Pause Friday, White House Defends Move Read More »

Diamondback to Buy Endeavor Energy in $26 Billion Mega Shale Deal

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Oil, Pinned Primary, Shale / By

(Reuters) – Shale producer Diamondback Energy  said on Monday it would buy the largest privately held oil and gas producer in the Permian Basin, Endeavor Energy Partners, in a cash-and-stock deal valued at about $26 billion, including debt. The combined company would be the third largest oil and gas producer in the region behind Exxon and …

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Biden Politics: Manchin Says LNG Export Pause Unjustified, Should Be Reversed

Conventional Energy, Latest, LNG, Pinned Primary, US News / By

Senate hearing to investigate Biden’s LNG export freeze Manchin worried ‘White House will put its thumb on the scale’ Bloomberg The White House’s pause on new liquefied natural gas export approvals is unjustified and should be “reversed immediately” if a study of the shipments is only beginning now, Senator Joe Manchin plans to say at …

Biden Politics: Manchin Says LNG Export Pause Unjustified, Should Be Reversed Read More »

U.S. Lawmakers Hold First of Two Hearings on Biden’s LNG Pause

Conventional Energy, Latest, LNG, Pinned Primary / By

US lawmakers hold first of two hearings on Biden’s LNG pause (Reuters) – As Republican and some Democratic U.S. lawmakers slam President Joe Biden’s pause on approvals of exports of liquefied natural gas (LNG) a House subcommittee will hold a hearing on the issue on Tuesday, the first of two in Congress this week. The House Energy, …

U.S. Lawmakers Hold First of Two Hearings on Biden’s LNG Pause Read More »

Park the Politics: Biden Urged to Reverse LNG Pause by Global Business Groups

Conventional Energy, Latest, LNG, Natural Gas, Pinned Primary, US News / By

Energy Department on Friday halted approvals of new plants US will study effect of exports on climate change, economy Business organizations from the US, Europe and Japan called on the Biden administration to reverse a decision to freeze approvals of new licenses for liquefied natural gas export facilities. “With numerous forecasts projecting global natural gas demand to …

Park the Politics: Biden Urged to Reverse LNG Pause by Global Business Groups Read More »

Biden’s Natural Gas Plan Coming Soon as Industry Mounts Lobbying Blitz

Latest, LNG, Natural Gas, Pinned Primary, US News / By

Changes may derail Venture Global’s CP2 terminal in Louisiana Climate activists pressure White House to curb exports The Biden administration is set to unveil plans within days for intensifying environmental scrutiny of applications to export natural gas, potentially stalling massive planned projects for months, if not longer. The administration’s approach could be announced as soon …

Biden’s Natural Gas Plan Coming Soon as Industry Mounts Lobbying Blitz Read More »

Gas Station Owner Sunoco to Buy NuStar Energy for $7.3 Billion

Energy Topics & Technology, Gasoline, Latest, Mergers and Acquisitions, Pinned Primary, US News / By

Move comes after Sunoco sold convenience stores to 7-Eleven Deal would add crude oil transportation and storage for Sunoco Sunoco LP, a US gas station owner, agreed to acquire pipeline and fuel storage company NuStar Energy LP for about $7.3 billion in a move to diversify its business and buy up a key part of its supply …

Gas Station Owner Sunoco to Buy NuStar Energy for $7.3 Billion Read More »

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