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Shale Production Could Rebound If Oil Hits $30
May 11, 2020
Shale drillers are signaling they’ll throw off restraints on oil production if crude reaches $30 a barrel, an ominous portent for a global industry still drowning in a supply glut. The about-face is stunning for a sector scorched by the
Lawmakers Urge Punishment for Banks that Won’t Back Drillers, Coal Mines
May 11, 2020
Three dozen lawmakers are pushing the Trump administration to get tough on banks and asset managers that restrict financing for oil drilling and coal mining, arguing they are “discriminating against America’s energy sector” and it “must be confronted.” In a
Texas LNG Export Facility Set to Get Air Permit from TCEQ
May 8, 2020
Texas LNG Brownsville said that it is set to receive an air permit for its Texas LNG export facility from the Texas Commission on Environmental Quality (TCEQ). The air permit agreed to be issued by TCEQ will allow the Houston-based
U.S. Reps Urge FERC to Continue Critical Natural Gas, LNG Projects During COVID-19 Crisis
May 8, 2020
Calling for a moratorium on natural gas and liquefied natural gas (LNG) projects during the COVID-19 pandemic, U.S. Reps. Vicente Gonzales (D-TX), Bill Flores (R-TX), Bill Johnson (R-OH), Jim Costa (D-CA), and Lizzie Fletcher (D-TX) recently forwarded correspondence to the
Alaska’s Congressional Delegation Urges DOI to Finalize EIS for ConocoPhillips’ Willow Project
May 8, 2020
Congress members from Alaska are urging the Department of the Interior to finalize the supplemental environmental impact statement for ConocoPhillips’ Willow project in the National Petroleum Reserve-Alaska. The Willow project is a multi-billion-dollar development proposed by ConocoPhillips in Alaska’s National
Black Stone Enters Agreement with Aethon Energy to Restart Development of Shelby Trough Acreage
May 7, 2020
Black Stone Minerals has entered into a development agreement with affiliates of Aethon Energy with respect to the company’s undeveloped Shelby Trough Haynesville and Bossier shale acreage in Angelina County, Texas. The agreement provides for minimum well commitments by Aethon
GoExpedi Raises $15 Million Debt Facility to Accelerate Market Expansion
May 7, 2020
GoExpedi raised a $15 million debt facility from Silicon Valley Bank (SVB). The additional liquidity will be used to significantly expand GoExpedi’s warehouse capacity throughout North America and hire additional software developers to meet the accelerated demand for its innovative,
Nodal Exchange Sets Records in Power, Environmental, and Natural Gas Open Interest in April
May 7, 2020
Nodal Exchange achieved record open interest in power, environmental, and natural gas futures in April 2020. Nodal Exchange continues to improve its strong position in the North American monthly power futures markets achieving a record 992 million MWh of open
Wellsite Navigator Releases Major Upgrade for Its Oilfield App
May 7, 2020
Wellsite Navigator has released its much-anticipated total redesign for its oilfield app. The navigation app has added new functionality and highly-requested features that will improve the lives of hundreds of thousands of oilfield workers across the U.S., including 5-day satellite
National Fuel to Acquire Shell’s Upstream and Midstream Assets in Pa. for $541 Million
May 6, 2020
National Fuel Gas (NFG) has signed an agreement with SWEPI LP, a subsidiary of Royal Dutch Shell, to acquire the latter’s upstream and midstream gathering assets in Pennsylvania for $541 million. Under the terms of the deal, NFG has agreed
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