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2-13-2019

NEW ORLEANS--(BUSINESS WIRE)--Feb 11, 2019--Amelia Resources LLC announces the offering of 400,000 net acres in the Louisiana-Mississippi Austin Chalk and LAMS Stack Play at the NAPE Summit.

Amelia Resources announced today that it will be offering 400,000 net acres for sale in the Louisiana-Mississippi Austin Chalk and LAMS Stack Play at the NAPE Summit in Houston, Texas, February 13.

Amelia’s President, Kirk Barrell, said, “EOG, ConocoPhillips, and Marathon are leading the industry into this emerging unconventional ...

2-13-2019

The dam has broken on the “second wave” of U.S. LNG export projects. ExxonMobil and Qatar Petroleum last week announced a final investment decision on their joint venture liquefaction and export project — called Golden Pass Products — at the brownfield site of the Golden Pass LNG terminal on the Texas side of the Sabine-Neches Waterway. That’s a skipping stone’s throw from Cheniere Energy’s Sabine Pass LNG and Sempra Energy’s Cameron LNG ...

1-15-2019

.S. liquefied natural gas (LNG) exports, primarily heading to Asian markets, will continue to experience an uptick in export volumes, thanks in no small part to production levels in the Haynesville Shale formation that underlies large parts of southwest Arkansas, northwest Louisiana and east Texas.

The shale prospect is undergoing a bit of a renaissance and looks set to smash its historical natural gas output record dating back to 2011 sometime this year. Research conducted by ...

12-18-2018

The developer of a liquefied natural gas export facility in southwest Louisiana won approval for a controversial tax break that could reach more than $2 billion over 10 years, potentially the largest exemption awarded in the state’s history.

The Louisiana Board of Commerce and Industry voted in favor of the exemption for Driftwood LNG LLC, a subsidiary of Tellurian Inc., on Friday. A spokesman for Gov. John Bel Edwards said he will sign off on it.

12-7-2018

(Bloomberg) -- America turned into a net oil exporter last week, breaking almost 75 years of continued dependence on foreign oil and marking a pivotal -- even if likely brief -- moment toward what U.S. President Donald Trump has branded as "energy independence."

The shift to net exports is the dramatic result of an unprecedented boom in American oil production, with thousands of wells pumping from the Permian region of Texas and New Mexico to ...

11-27-2018

U.S. energy firms this week cut oil rigs for the first time in the three weeks as crude prices have fallen to their lowest in over a year.

Drillers cut three oil rigs in the week to Nov. 21, bringing the total count down to 885, General Electric Co’s (GE.N) Baker Hughes energy services firm said in its closely followed report on Wednesday.

Click HERE to read more ...
11-19-2018

Aethon III, a unit of Dallas private investment firm Aethon Energy Management LLC, agreed to buy Haynesville-Cotton Valley natural gas assets from QEP Resources Inc. of Denver.

QEP Pres. and Chief Executive Officer Chuck Stanley said the pending $735-million sale is “an important next step in our process of becoming a Permian pure-play company.”

Proceeds will finance development of QEP’s core Permian assets and reduce debt. The transaction includes producing properties, undeveloped acreage, and ...

11-16-2018

With only a few weeks until the official end of the natural gas storage injection season, the reality of the low level of supplies has suddenly awoken gas prices from their months-long slumber. While this should not be a surprise, the fact it has taken nearly all year for this to happen has been the surprise. The apparent disconnect between weak gas prices and low weekly storage injections may be a signal that there are ...

10-10-2018

Dallas Cowboys Owner Seeks Shale Gas Deals in Haynesville

(Bloomberg) -- Dallas Cowboys billionaire owner Jerry Jones is exploring a series of takeovers to expand his Comstock Resources Inc. in the Haynesville, as drillers return to the previously shunned shale gas play.

Executives at Comstock have been open about their willingness to do deals after Jones bought an 84 percent stake earlier this year. The company recently expressed interest in buying private equity-backed Covey Park Energy ...

9-24-2018

The US Energy Information Agency (EIA) recently published two interesting sets of maps to show how the US energy mix has changed state by state between 2007 and 2017.

That decade saw the rise of cheap natural gas that lead many utilities to switch away from coal, but the result is not as clear-cut as one might think: in some states, coal retirements resulted in nuclear power becoming the most-used energy source.

It's also important to note ...