- Joe Barone, Shale Directories
- Blog
- June 14, 2019
Callon closes southern Midland Basin sale
Independent producer Callon Petroleum said Thursday it closed on the previously announced divestiture of non-core assets in the southern Midland Basin to Sequitur Permian LLC for net cash proceeds of $245 million, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 14, 2019
Prime Rock, New Dawn partner in the Austin Chalk
Prime Rock Resources and New Dawn Energy are partnering to develop assets contributed by each company in central Louisiana, targeting the Austin Chalk play, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 13, 2019
Appalachian storage hub loan guarantee perhaps in trouble
An amendment to a major government appropriations bill (H.R. 2740) could mean trouble for a $1.9 billion Energy Department loan guarantee for the proposed natural gas liquids storage facility planned for Appalachia, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 13, 2019
Jumar Energy inks development pact with Mongoose
Oil and gas investment company Jumar Energy Capital said this week it’s entered into a joint development agreement with two-year-old independent producer Mongoose Energy, which is backed by EnCap Investments.- Joe Barone, Shale Directories
- Blog
- June 12, 2019
Crude little changed as Opec+ cuts counter growth concerns
Crude oil prices were little changed Tuesday, continuing to be negatively impacted by concerns about a global economic slowdown that could lower crude demand, but supported by expectations Opec+ will extend its supply curbs, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 12, 2019
Shell to sell California refinery for $1B
Oil supermajor Royal Dutch Shell has agreed to sell its Martinez, California, refinery, 30 miles northeast of San Francisco, to independent refiner PBF Energy for up to $1 billion, the two companies announced Tuesday, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 12, 2019
ExxonMobil to proceed with oil development in Argentina
ExxonMobil said Tuesday it will develop an onshore oil project in Argentina that could produce up to 55,000 barrels of oil-equivalent per day (Boe/d) within five years, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 11, 2019
Meritage launches open season for Thunder Creek extension
Meritage Midstream Services II said Monday its Thunder Creek NGL Pipeline subsidiary launched a binding open season to support construction of a 140-mile extension to its existing natural gas liquids pipeline, Kallanish Energy reports.US line pipe prices sink again
U.S. line pipe prices sunk in May, Kallanish Energy’s sister publication, Kallanish, learns from analyst Pipe Logix. Average U.S. line pipe prices fell by 1.5% from April to May, reaching a combined $1,757/short ton at the distribution level.- Joe Barone, Shale Directories
- Blog
- June 11, 2019
US, Brent crudes fall amid supply-cut uncertainty, US-China tariffs
Crude oil prices settled lower Monday after a choppy trading session, as Saudi Arabia and Russia have not yet agreed to extend the Opec+ output-cutting deal, and U.S.-China trade tensions continued to threaten crude demand, Kallanish Energy understands.- Joe Barone, Shale Directories
- Blog
- June 10, 2019
Martin Midstream sells storage assets in $215M deal
Martin Midstream Partners said Monday it’s selling to Hartree Cardinal Gas its membership interests in Arcadia Gas Storage, Cadeville Gas Storage Monroe Gas Storage, and Perryville Gas Storage for $215 million in cash.- Joe Barone, Shale Directories
- Blog
- June 7, 2019
Oil rallies with stocks after report US may delay Mexican tariffs
Crude oil futures turned sharply higher heading into Thursday’s settlement, tracking a rally in equities on a report the Trump administration may delay Mexican import tariffs, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 7, 2019
Gazprom Neft signs with Novatek, Shell
Russia’s third largest oil producer, Gazprom Neft, Thursday revealed three joint ventures to develop hydrocarbon projects in Russia, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- June 6, 2019
Crude oil plummets after US crude stockpiles surge
Crude oil prices plummeted Wednesday, with futures falling to their lowest since January, after the Energy Information Administration reported an unexpected surge in the nation’s crude inventories, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 5, 2019
Flaring hits record high in Q1 in Permian
Natural gas flaring in the Permian Basin reached an all-time high in 2019’s first quarter due to the lack of pipelines, according to data from Rystad Energy.- Joe Barone, Shale Directories
- Blog
- June 5, 2019
WTI, Brent crudes rise on Fed comments
Crude oil prices rose Tuesday, following a rally in global stock markets, with Brent crude recovering from a four-month low briefly touched earlier in the session, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 5, 2019
Total acquires Toshiba’s US LNG portfolio & collects $800M
French oil major Total has signed a deal with Japan’s Toshiba to take over its portfolio of liquefied natural gas assets, a deal which actually will put $800 million in Total’s pocket, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- June 4, 2019
YPF prepares first shipment of LNG from Argentina
Argentine oil company YPF SA said it’s now loading the first shipment of liquefied natural gas for export from the South American country, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 4, 2019
Brent slips to 4-month low, as trade fears persist
Crude oil futures ended Monday’s trading session lower after unsettled trading, as Saudi comments indicated Opec+ would extend supply cuts supported prices, but concerns U.S.- Joe Barone, Shale Directories
- Blog
- June 4, 2019
Petrobras to sell onshore fields
Brazilian multinational corporation Petrobras Monday launched the sale of two sets of onshore concessions, Kallanish Energy learns. The concessions are located in the northeastern state of Bahia, where Petrobras is operator and fully owns all but two concessions.- Joe Barone, Shale Directories
- Blog
- June 3, 2019
Icahn challenges Oxy’s ‘hugely overpriced’ Anadarko deal
Billionaire activist investor Carl Icahn last week filed a lawsuit against Occidental Petroleum, looking for board seats and eventually a sale of the company, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- June 3, 2019
Canadian oil production halts as fires spread
Canadian Natural Resources last week evacuated its Pelican Lake and Woodenhouse operations in northern Alberta, the first major shut-in of oil production triggered by wildfires in 2019, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 31, 2019
Crude plunges nearly 4%
Crude oil prices plunged Thursday on a smaller-than-expected decline in U.S. crude inventories and fears of a global economic slowdown due to the U.S.-China trade war, Kallanish Energy understands.- Joe Barone, Shale Directories
- Blog
- May 31, 2019
PG&E plan to use blackouts to prevent wildfires OKed
California regulators Thursday approved PG&E Corp.’s plan to impose blackouts this summer across large swaths of its territory to prevent major wildfires — and told customers don’t count on reliable electric service as the fire season gets underway.- Joe Barone, Shale Directories
- Blog
- May 30, 2019
Crude drops as trade war worries outweigh supply disruptions
Crude oil prices fell in roller coaster-like trading Wednesday, impacted by equity markets, as China signaled it’s prepared to raise the stakes in the trade war with the U.S., raising concerns such a situation could hurt demand.- Joe Barone, Shale Directories
- Blog
- May 30, 2019
Tortoise acquires Piper’s midstream advisory business
Investment firm Tortoise Capital Advisors said Wednesday it’s acquiring the midstream asset management business of Advisory Research Inc. from parent company Piper Jaffray Cos.- Joe Barone, Shale Directories
- Blog
- May 30, 2019
Pdc wins proxy fight with Kimmeridge Energy
Colorado-based Pdc Energy won its proxy battle with Kimmeridge Energy Management, according to a preliminary vote count released Wednesday after Pdc’s 2019 annual stockholder meeting.- Joe Barone, Shale Directories
- Blog
- May 29, 2019
Cameron LNG preparing for 1st export shipment
Liquefied natural gas export terminal Cameron LNG is preparing to load its first export shipment of LNG following the arrival of the first LNG tanker at its Louisiana facility, the Houston Chronicle newspaper reported.- Joe Barone, Shale Directories
- Blog
- May 29, 2019
US crude prices settle up due Midwest flooding
U.S. crude oil futures gained nearly 1% Tuesday after flooding throughout the Midwest constricted crude flow from the storage hub in Cushing, Oklahoma, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- May 29, 2019
Atlantic Power selling gas-fired Manchief peaker
Independent power producer Atlantic Power Corp. said Tuesday it’s selling its Manchief power plant to Public Service Company of Colorado for $45.2 million, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 28, 2019
Oil rises on Mideast tensions, supply cuts
Crude oil prices rose Monday, supported by Middle East tensions and Opec+ supply cuts, as well as continued crude disruptions from Russia after a pipeline contamination problem discovered last month, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- May 28, 2019
Permian crude production may finally have met its match
HOUSTON – It may be hard to believe, but there could be a big transportation change coming to the Permian Basin of West Texas/southeast New Mexico.- Joe Barone, Shale Directories
- Blog
- May 28, 2019
‘Brave new world’ for U.S. crude, gas, NGL industry: RBN
HOUSTON – It’s quite clear U.S. crude oil, natural gas and natural gas liquids production only goes up, and since the U.S.- Joe Barone, Shale Directories
- Blog
- May 24, 2019
Icahn-backed refiner considers potential sale
Independent refiner/nitrogen fertilizer provider CVR Energy, which has been controlled for roughly seven years by billionaire activist investor Carl Icahn, said this week the company is considering selling itself and other “strategic alternatives,” Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 23, 2019
UPS trucks in to fuel up with renewable natural gas
International shipping giant UPS said Wednesday it’s buying 170 million gallon-equivalents of renewable natural gas from California-based gas provider Clean Energy Fuel by 2026 — the largest commitment ever of any U.S.- Joe Barone, Shale Directories
- Blog
- May 23, 2019
U.S. asks Supreme Court for more time on Acp appeal
The U.S. Solicitor General asked the Supreme Court Wednesday to extend the time the government has to file a petition in an appeal of a circuit court decision preventing Dominion Energy from building the Atlantic Coast natural gas pipeline (Acp) across the Appalachian Trail in Virginia.- Joe Barone, Shale Directories
- Blog
- May 22, 2019
Nrg buying Stream Energy’s retail energy business
Nrg Energy has agreed to acquire Stream Energy’s retail electricity and natural gas business for $300 million plus working capital in an all-cash deal, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 22, 2019
Pakistan ends failed drilling in the Arabian Sea
Pakistan and its partners have ended offshore drilling after no usable oil or natural gas was found in the Arabian Sea, Kallanish Energy reports The announcement came Sunday from the Pakistan ministry of petroleum and was seen as a major setback for the country, the Associated Press reported.- Joe Barone, Shale Directories
- Blog
- May 22, 2019
Petrobras approves addendum for $9 billion compensation
The board of directors of Brazilian state-owned Petrobras approved Tuesday an addendum to a transfer-of-rights oil contract which establishes a $9 billion reimbursement, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 21, 2019
Roan hires Citi, Jefferies to assist in review
Independent producer Roan Resources said Monday it’s hired Citigroup Global Markets and Jefferies to assist the company in evaluating “strategic alternatives,” Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 21, 2019
KKR, Western partner to pursue deals in the Williston
Global investment behemoth KKR and privately-held Western Natural Resources Monday announced they are partnering to acquire producing and undeveloped oil and gas assets in the Williston Basin.- Joe Barone, Shale Directories
- Blog
- May 20, 2019
Rice Team revises EQT board slate to 7 from 9
Toby Z. Rice and Derek A. Rice, EQT shareholders trying to wrest control from the executives and board of the U.S.’s largest natural gas producer, said last week they’re reducing the size of their slate of nominees for the EQT board to seven from nine, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 20, 2019
Crude prices slip Friday, post weekly gains
Crude oil prices slipped Friday, but West Texas Intermediate and Brent both posted a weekly gain on rising concerns over more Middle East supply disruptions due to U.S.-Iran political tension, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 17, 2019
South Dakota sues Texas O&G company for $15.5M
The state of South Dakota is suing a privately-held Texas-based exploration and production company for $15.5 million for abandoning 40 natural gas wells in Harding County, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 17, 2019
US, Brent crudes rise on Middle East tensions
Crude oil prices jumped as much as 2% Thursday as tensions in the Middle East grew, with a Saudi-led coalition launching air strikes in retaliation for recent attacks on its oil infrastructure.- Joe Barone, Shale Directories
- Blog
- May 17, 2019
Ferc Approves Freeport LNG expansion
The Federal Energy Regulatory Commission Thursday approved the construction of the Train 4 expansion at the Freeport LNG terminal on Quintana Island near Freeport, Texas, Kallanish Energy reports. The Train 4 project is an expansion of the liquefaction project currently under construction at the Freeport LNG terminal.- Joe Barone, Shale Directories
- Blog
- May 16, 2019
PG&E power lines caused California’s ‘deadliest wildfire’: officials
California authorities said Wednesday power lines owned and operated by Pacific Gas & Electric Corp. (PG&E) caused the state’s most destructive wildfire ever – which killed 85 and nearly destroyed an entire city, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- May 16, 2019
Oil rises as market shrugs off jump in US crude inventories
Crude oil futures rose slightly Wednesday as worries that rising tensions in the Middle East could impact global supplies overshadowed an unexpected rise in U.S.- Joe Barone, Shale Directories
- Blog
- May 16, 2019
Pipeline explosion forces producer into bankruptcy
A natural gas explosion last September in a pipeline not yet in service has led to an independent producer backed by Goldman Sachs’s private equity arm and the Ontario Teachers Pension Fund filing for Chapter 11 bankruptcy, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 15, 2019
Crude prices mixed as hope lingers for U.S.-China deal
Crude oil prices were mixed Tuesday as tensions in the Gulf appeared to stop short of a military showdown and both sides in the U.S.-China trade talks sounded conciliatory tones, signaling a deal may be possible, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 15, 2019
E.ON calls for a CO2 tax in Germany
The CEO of German utility E.On is calling for a new carbon tax in Germany, saying Tuesday a “better and fairer energy transition” was possible, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- May 14, 2019
NextDecade founder Eisbrenner dies at 58
Kathleen M. Eisbrenner, 58, founder and chairman of liquefied natural gas development company NextDecade Corp. died last week, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- May 14, 2019
Cloud Peak Energy voluntarily files for Chapter 11
Cloud Peak Energy, which bills itself as the only pure-play Powder River Basin coal company, has announced it’s filed for protection from creditors under Chapter 11 of the U.S.- Joe Barone, Shale Directories
- Blog
- May 13, 2019
Columbia reaches settlement concerning gas explosions
The three municipalities affected by last September’s gas explosions have reached an $80 million settlement with local gas distribution company Columbia Gas of Massachusetts, Kallanish Energy reports.Working-rig count falls for 5th straight week
The number of rigs working onshore in the Lower 48 U.S. states last week fell by two, and brought to five the number of consecutive weeks the count has slipped, data from Baker Hughes, a GE company, reveals.- Joe Barone, Shale Directories
- Blog
- May 10, 2019
Three Mile Island Unit 1 to shut by Sept. 30
The owner of the plant where North America’s worst nuclear power-related accident took place four decades ago, confirmed the facility’s lone remaining operating unit will shut down this September, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 10, 2019
EQT uses stick & carrot against Rice-led dissidents
EQT Corp. is not a Mom-and-Pop natural gas producer – and can’t be run like one – the board’s independent members said, in effect, to dissident shareholders looking to insert their board nominees into the operations of the U.S.’s largest gas producer.- Joe Barone, Shale Directories
- Blog
- May 10, 2019
West Virginia governor’s mines sued by feds
The U.S. government sued nearly two dozen of West Virginia Gov. Jim Justice’s coal companies Tuesday to get them to pay roughly $4.8 million in unpaid mine safety fines.- Joe Barone, Shale Directories
- Blog
- May 9, 2019