Following last week’s $7.53 billion Mitsubishi Corp’s acquisition of Aethon Energy’s Haynesville gas assets, more mergers of equals are rumored to be in the works and predicted to accelerate this year....
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In a 2017 Forbes article, writer Robert Rapier escorted the magazine’s audience on a fascinating tour of “How the Shale Boom Turned the World Upside Down”. If you recall, the nation’s oil and gas production had long ago peaked with conventional drilling and by 2005, we were in a full-blown energy crisis highly dependent on Venezuela and Saudi Arabia oil imports. And natural gas? Well, the only solution here with certainty according to one energy investor was “to pray.” ...
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Back in 2019 when it seemed everyone and their dog looked to partner up to build an LNG export facility on the Gulf Coast, Dallas-based Energy Transfer caught a meaty bone. A bone in the form of a framework agreement with Shell to share the estimated cost of $10.9 billion to $13.2 billion to build the 16.5 MTPA Lake Charles LNG terminal project where ET already owned the existing regasification facility in Lake Charles, La., originally built in 1982. ...
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Among the largest privately held oil and gas companies today, few can claim witness to the Dust Bowl, fatal undoing of Bonnie and Clyde, and peak of the Great Depression. The year was 1934 when H.L. Hunt founded Hunt Oil after major discoveries in East Texas. ...
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With its first discovery as a major petroleum site near the La., Gulf in 1921, the Haynesville formation would take some 80 years later to land a place in natural gas history. ...
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Yep, it’s that time again when energy forecasters set the stage for a new year. Take your pick of Wall Street analysts, private equity, podcasters, armchair investors, or that neighbor glued to Squawk Box every morning....
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