The Latest

Targa Expects Another Major Permian Pipeline Project This Year

Targa Resources says different projects are falling in place for gas capacity expansion

Exxon Closes $60B Pioneer Deal, Reshaping Permian Basin

After facing regulatory scrutiny, Exxon Mobil closed a roughly $60 billion acquisition of Pioneer Natural Resources. The largest shale oil transaction ever signed will reshape the order of power in the vast Permian Basin oil field.

Chesapeake Stockpiles DUCs as Doubts Creep in Over Southwestern Deal

Chesapeake Energy is stockpiling DUCs until demand returns through growth from LNG exports, power generation and industrial activity.

Tellurian Reports Driftwood LNG Progress Amid Low NatGas Production

Tellurian’s Driftwood LNG received an extension through 2029 with authorization from the Federal Energy Regulatory Commission and the U.S. Army Corps of Engineers.

Gulfport Plans Liquids-rich Program After ‘Strong’ Ohio Oil Tests

Appalachia gas producer Gulfport Energy continues to report “strong oil production” from a two-well Hendershot pad drilled in eastern Ohio last year. Gulfport plans to develop additional liquids-rich opportunities this year as natural gas prices hover near record lows.

CPS Closes $785MM Deal for Talen Energy’s Texas NatGas Plants

CPS Energy has acquired all assets associated with the 897-MW Barney Davis and 635-MW Nueces Bay natural gas plants in Corpus Christi, Texas, and the 178-MW natural gas plant in Laredo, Texas.

Permian Gas Finds Another Way to Asia

A crop of Mexican LNG facilities in development will connect U.S. producers to high-demand markets while avoiding the Panama Canal.

Hedge Funds Retreat from Oil as War Risk Fades: Kemp

Hedge funds and other money managers sold the equivalent of 95 MMbbl in the six most important petroleum futures and options contracts over the seven days ending on April 23.

Barnett & Beyond: Marathon, Oxy, Peers Testing Deeper Permian Zones

Marathon Oil, Occidental, Continental Resources and others are reaching under the Permian’s popular benches for new drilling locations. Analysts think there are areas of the basin where the Permian’s deeper zones can compete for capital.

Keeping it Simple: Antero Stays on Profitable Course in 1Q

Bucking trend, Antero Resources posted a slight increase in natural gas production as other companies curtailed production.