Penn East killed its $1.1 billion gas pipeline because it could never get approvals through New Jersey.
Google and You Tube are going to start prohibiting ads from climate denial sponsors. This ought to be interesting.
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Comstock sells Bakken assets for $154 million.
Free, virtual conference hosted by Federal Reserve Banks of Kansas City and Dallas, November 5, 8:15-3:45 central time, six sessions. “Energy and the Economy”. Lunch keynote speaker is Daniel Yergin, author of “The Prize” and other authoritative books about oil and energy. You can view speakers & agenda on websites of the two FRBs. Email invites sent to subscribers of FRB/Dallas free energy research, suggest you contact [email protected] for an invitation.
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Editorial by Wall Street Journal, lists the various political threats (recent and planned) against the fossil fuel industry. https://www.wsj.com/articles/joe-biden-suddenly-loves-frackers-oil-industry-11634336080?st=v4eaqxg4h2ey5rm&reflink=desktopwebshare_permalink
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RB Energy article summarizing short term and long term challenges of decarbonizing energy supply.
Air Products announced a $4.5 billion blue hydrogen plant in Louisiana.
Pretty big news for those in Apache areas in the Permian. Altus and Eagle Claw are going to merge, which will reduce Apache’s ownership in Altus from a majority down to 20%.This could have the long term affect of bringing in more competition for Apache dominated areas if they can now get pipeline capacity in the gassy areas of Alpine High. Apache’s headstart on infrastructure has been a big headwind for competitors. Combined with $5+ gas, the economics of taking a stab at drilling Alpine High wells may be more attractive.
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It has a paywall, but the WSJ is reporting Blackrock and NASDAQ are trying to get the SEC to impose ESG requirements on private firms also, not just public companies. I wrote a column for the NARO Roar just a month or so ago warning of this spreading into private equity also.
No one seems to want to take the responsibility that if you starve the industry of capital, production will drop, and prices will rise.
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Hilcorp is taking over for Exxon as operator in the Alaskan Oil Field.
Wilks Brothers are acquiring Dawson Geophysical. Major expansion in their business line.
Cheniere signed a long term sale contract with Glencore for LNG that makes expansion of the Corpus Christi terminal likely.
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Pinon commissioned their sour gas/carbon capture project in Lea Co., N.M.
Expect every infrastructure project from here out to tout some carbon reduction or capture aspect, as they should if there is a legitimate argument it is having that effect.
Article about RRC efforts to reduce seismic activity. Says the voluntary cutbacks in SWD disposla volumes may take a year or more to show effect.
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Diamondback selling water midstream assets to Rattler, it’s affiliate, for $160 million. Usually the operators build up these midstream subsidiaries and spin them off to recoup the capital and use it to reduce debt or for further drilling or both. The real question is what long term agreements did they saddle the subsidiary with before they lose control.
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Inconvenient Truths - Sailingstone & Pickering Energy
Regardless of where you are on the political spectrum, wholistic analysis on the reality of energy production should be understood by all. Great article by Sailingstone & Pickering. A little technical but if you stick with it really paints a good picture of the reality we face as a world.
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Crestwood acquiring Oasis Midstream Partners in $1.8 billion Williston Basin deal.
They’re back … WSJ says E&P companies are issuing bonds, mostly refinancing existing debt, including speculative (junk) yielding 4.7%. Fresh from bankruptcy, Chesapeake & Oasis issue bonds.
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Roy-
Thanks for posting! How do you get WSJ articles that have a paywall to post? I have an digital subscription.
Easy, most WSJ online articles display a “share” box in upper left corner, five icons for social media, e-mail, & “copy free link” (symbol of chain with links), click this chain symbol and link is instantly copied, then simply click paste in this Forum message.
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