United States
Pipelines , Natural Gas , Liquefied Natural Gas (LNG) , Earnings
Targa to Proceed with Permian Basin Apex Pipeline After All
Targa Resources expects to take a final investment decision for the Apex pipeline out of the Permian Basin before the end of the year.
Energy Storage , Geothermal
Sage Geosystems Advances Commercial-scale Energy Storage Facility
The 3-megawatt facility in Texas is expected to become the world’s first commercial geopressured geothermal system when it’s commissioned in December.
Earnings , People , Transactions
Analyst Questions Kimmeridge’s Character, Ben Dell Responds
The analyst said that “they don’t seem to be particularly good actors.” Ben Dell, Kimmeridge Energy Partners managing partner, told Hart Energy that “our reputation is unparalleled.”
Lease Sales
Marketed: Delta Minerals Non-producing Sale in Colorado
Delta Minerals LLC has retained EnergyNet for the sale of non-producing minerals in Bent, Cheyenne and Kiowa counties, Colorado.
Renewables , Acquisitions & Divestitures , International
Phillips 66 Weighs Divestments, Targets Renewable Fuel Increase
Phillips 66 looks to boost renewable fuels production by 67% through the end of the second quarter 2024 at its Rodeo complex in San Francisco while weighing a potential divestiture of its retail marketing businesses in Austria and Germany.
Natural Gas , Earnings , Mergers , Exploration & Production
Chesapeake Stockpiles DUCs as Doubts Creep in Over Southwestern Deal
Chesapeake Energy is stockpiling DUCs until demand returns through growth from LNG exports, power generation and industrial activity.
Earnings , Liquefied Natural Gas (LNG) , Natural Gas
Tellurian Reports Driftwood LNG Progress Amid Low NatGas Production
Tellurian’s Driftwood LNG received an extension through 2029 with authorization from the Federal Energy Regulatory Commission and the U.S. Army Corps of Engineers.
Pipelines , Health, Safety & Environment , Policy & Regulations
US Appeals Court Upholds FERC Approvals for Gas Pipeline Expansion
A unanimous three-judge panel of the U.S. Circuit Court of Appeals for the D.C. Circuit held that the Federal Energy Regulatory Commission was right to determine the Evangeline Pass Expansion project is functionally separate from four related gas infrastructure developments.
Mergers , Acquisitions & Divestitures , Policy & Regulations
FTC OKs Exxon-Pioneer Merger, but Bars Sheffield from Exxon’s Board
A megamerger between Exxon Mobil and Pioneer Natural Resources can proceed, but Pioneer Chairman Scott Sheffield is out, the Federal Trade Commission says.
Mergers , Acquisitions & Divestitures , Earnings
Stice: Diamondback’s Small Company Culture Suits Big M&A Appetite
Diamondback Energy CEO Travis Stice tells analysts that the company’s nimble nature is among its top qualities, allowing for rapid growth and the successful integration of Endeavor Energy this year.