United States
Natural Gas , Infrastructure
Gas Prices in a Summer of Discontent
In February, natural gas prices dropped below $2/MMBtu and stayed there. How is the market handling it, and when will the price pick back up?
Liquefied Natural Gas (LNG) , Field Development
Cheniere’s Next Corpus Christi LNG Stage Online by Year-end
Cheniere executives are optimistic the first LNG cargo will depart from Train 1 of its Corpus Christi Stage 3 project by the end of 2024, and that the company will bring all seven trains at the project online before the end of 2026.
Lease Sales
Marketed: Berlin Resources Anadarko Basin Opportunity
Berlin Resources LLC has retained EnergyNet for the sale of an Anadarko Basin opportunity in the Donita 35/2 AP #1H in Roger Mills County, Oklahoma.
Lease Sales
Marketed: Wayfinder Resources, KSE Minerals Five Well Package in Oklahoma
Wayfinder Resources Operating and KSE Minerals has retained EnergyNet for the sale of a Mississippian/ Woodford opportunity in Canadian County, Oklahoma.
Promotions
PropFlow Names David Ward as CEO
As CEO, David Ward will lead and build out PropFlow’s operations of eliminating debris from proppant at well sites in the Permian Basin and other plays.
CCS/CCUS , Service & Supply , Joint Ventures
Worley to Design CCS Facilities for Bayou Bend JV
Bayou Bend is a carbon capture and sequestration joint venture between Chevron, TotalEnergies and Equinor located along the Gulf Coast in Texas.
Crude Oil , International , Exploration & Production
What's Affecting Oil Prices This Week? (May 13, 2024)
For 2024, increasing supply will be more challenging unless U.S. producers start ramping up their capex and drilling programs beyond their current plans.
Gathering & Processing , Pipelines
LM Energy to Expand Gas Gathering System in the Delaware
LM Energy is building new compressor stations and adding 70 miles of pipeline in the Delaware Basin.
Pipelines
ONEOK to Expand NGL Network Around Houston Through $280MM Acquisition
Easton Energy is agreeing to sell 450 miles of lines along Southeast Texas coast to ONEOK.
Dividends/Buybacks , Exploration & Production , Midstream , Service & Supply
Dividends Declared in the Week of May 6
Here is a selection of upstream, midstream and service and supply companies’ dividends declared in the past week.