This is your Hart Energy A&D Minute with Jordan Soto and powered by Hart Energy's Gulf of Mexico Energy Transformation Conference.
Crescent Point Energy has officially plowed $1 billion into the Duvernay Formation. After signing its third deal since 2021, Tudor, Pickering, Holt & Co. analyst Matt Murphy said the Canadian company’s newest bolt-on locks in “north of 20 years” of inventory, along with pipelines and other goodies. Check it out here.
Some big names are teaming up to explore geothermal power from abandoned oil and gas wells. Baker Hughes, Chesapeake, Continental Resources and INPEX announced the partnership on Dec. 8. Where are they starting their efforts? Read about it here.
The Permian Basin is so hot, even coal companies want in. Alliance Resource Partners LP said in November it had closed on about 4,300 royalty acres in the Midland and Delaware basins for nearly $100 million. Check out the sellers and more here.
That’s your Hart Energy A&D Minute powered by Hart Energy's inaugural Gulf of Mexico Energy Transformation Conference on Feb. 21, 2023, in Houston.
Also, watch new A&D Minute episodes every Wednesday, and don’t forget to sign up for our A&D Watch newsletter at HartEnergy.com/newsletters/ad-watch.
Recommended Reading
For Sale? Trans Mountain Pipeline Tentatively on the Market
2024-04-22 - Politics and tariffs may delay ownership transfer of the Trans Mountain Pipeline, which the Canadian government spent CA$34 billion to build.
Pembina Pipeline Enters Ethane-Supply Agreement, Slow Walks LNG Project
2024-02-26 - Canadian midstream company Pembina Pipeline also said it would hold off on new LNG terminal decision in a fourth quarter earnings call.
TC Energy’s Keystone Back Online After Temporary Service Halt
2024-03-10 - As Canada’s pipeline network runs full, producers are anxious for the Trans Mountain Expansion to come online.
Enbridge Sells Off NGL Pipeline, Assets to Pembina for $2.9B
2024-04-01 - With its deal to buy Enbridge’s NGL assets closed, Canada's Pembina Pipeline raised EBITDA guidance for 2024.
Pembina Declares Series of Quarterly Dividends
2024-04-10 - Pembina Pipeline Corp’s board of directors declared quarterly dividends for series 1, 3, 5, 7, 9, 15, 17, 19, 21, 22 and 25.