Kinder Morgan Exec: Don’t Count Out Midstream in M&A Frenzy
Kinder Morgan’s Allen Fore said 2024 should be an ‘interesting’ year in M&A during a discussion at DUG GAS+ Conference and Expo.
U.S. Climate Law Has Boosted Solar, Batteries; Hydrogen, Other Initiatives Lag
The U.S. has doubled the pace of cutting carbon emissions since President Joe Biden’s Inflation Reduction Act (IRA) passed in 2022, analysts and scientists said, with more than 80 solar, wind and energy storage projects taking advantage of the law’s mix of direct payments and tax credits. The IRA and the Bipartisan Infrastructure Law last …
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U.S. March LNG Exports Flat as Freeport Plant Woes Continue
U.S. exports of liquefied natural gas (LNG) fell slightly in March to 7.61 million metric tons (MT) from 7.73 MT in February as production of the superchilled gas from the country’s second largest exporter remained constrained, preliminary data from financial firm LSEG showed on Monday. But the U.S. was the largest exporter of LNG last …
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U.S. Natgas Prices Jump 5% to 3-Week High on Higher Demand Forecasts
U.S. natural gas futures jumped about 5% to a three-week high on Monday on a continuing decline in output and forecasts for more demand next week than previously expected. That price increase occurred despite forecasts for less demand this week than previously expected, forecasts for mild weather through mid-April, ample amounts of gas in storage …
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Chesapeake, Awaiting FTC’s OK, Plots Southwestern Integration
While the Federal Trade Commission reviews Chesapeake Energy’s $7.4 billion deal for Southwestern Energy, the two companies are already aligning organizational design, work practices and processes and data infrastructure while waiting for federal approvals, COO Josh Viets told Hart Energy.
API Gulf Coast Head Touts Global Emissions Benefits of US LNG
The U.S. and Louisiana have the ability to change global emissions through the export of LNG, although new applications have been frozen by the Biden administration.
Kimmeridge-SilverBow Public Feud Gets Ugly as Firm Suggests New Directors
Kimmeridge Energy Management said in a letter that should SilverBow continue to “stonewall” consideration of a merger offer, shareholders should elect three new independent board members.
E&P Highlights: April 1, 2024
Here’s a roundup of the latest E&P headlines, including new contract awards.
Hess Pushes Shareholders to Vote in Favor of $53B Chevron Merger
Hess Corp.’s board is unanimously recommending its shareholders vote in favor of the proposed $53 billion all-stock merger with Chevron Corp., according to Chevron’s March 28 Securities and Exchange Commission filing.
The Data Divide: Winning and Losing in Oil Industry Transactions – Geoffrey Cann
Capturing Value at Times of Turmoil Requires Preparation By Geoffrey Cann TL;DR The wave of oil and gas merger activity in the US looks poised to continue. High data quality about assets is accretive to value; poor data quality destroys value. Modern solutions adopted before deals help permanently fix data quality challenges. An M&A Frenzy The US oil and gas industry …
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