Enbridge Announces $500MM Investment in Gulf Coast Facilities
Enbridge’s 2024 budget will go primarily towards crude export and storage, advancing plans that see continued growth in power generated by natural gas.
Everything You’ve Always Wanted to Know About NEPA, But Didn’t Know to Ask
The National Environmental Policy Act, signed into law by the Nixon administration, went years largely unchanged. Now with permitting reform at the forefront of today’s energy needs, the NEPA landscape is evolving.
U.S. Natgas Output Down 7% as Producers Cut Back Amid Price Collapse
U.S. natural gas output fell about 7% over the past month as producers scaled back production following a collapse in prices to a 3-1/2-year low. Gas prices are down about 23% so far this year, after plunging 44% in 2023, as record production and weak demand from a mild winter left storage facilities at well …
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U.S. Seeks 3 Million Barrels of Oil for Emergency Reserve in September
The U.S. is seeking to buy about 3 million barrels of oil for the Strategic Petroleum Reserve for delivery in September, the Energy Department said on Wednesday, as it slowly replenishes the emergency stash after selling a record amount in 2022. President Joe Biden in 2022 ordered a sale of about 180 million barrels from …
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U.S. Democrats Urge Antitrust Regulator to Probe Oil, Gas Mergers
Nearly 50 Democrats in the U.S. Congress on Wednesday urged the Federal Trade Commission to probe oil and gas company deals and expand current investigations to protect consumers and industry competition. The industry went on a $250 billion buying spree in 2023, taking advantage of companies’ high stock prices to secure lower-cost reserves. Exxon Mobil Chevron Corp, …
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Red Trail Energy Issues Carbon Removal Credits
Red Trail Energy’s CO2 removal credits is the largest durable carbon removal project registered on the Puro Registry to date.
Berry Bolts On More California Assets as Kern County M&A Continues
As Berry Corp. continues its aggressive hunt for growth opportunities outside of California, the E&P made a second bolt-on acquisition in Kern County in the fourth quarter.
Viper Energy Announces Pricing of Diamondback’s Secondary Common Stock Offering
Viper Energy will not receive any of the gross proceeds from Diamondback’s secondary offering of its Class A common stock.
Exclusive: Halliburton’s Frac Automation Roadmap
In this Hart Energy Exclusive, Halliburton’s William Ruhle describes the challenges and future of automating frac jobs.
Prairie Provident Resources Closes on Alberta Asset Sales
Prairie’s net proceeds were used to reduce indebtedness under the company’s senior secured facility and to increase its working capital position.