Wednesday, December 25, 2024
California Resources Corporation to Combine with Aera Energy- oil and gas 360

California Resources Corporation to combine with Aera Energy

Oil and Gas 360 Transaction highly accretive across key 2024E financial metrics Complementary assets to significantly scale E&P business and expand leading carbon management platform LONG BEACH, Calif.–(BUSINESS WIRE)– California Resources Corporation (NYSE: CRC) today announced the signing of a definitive merger agreement to combine with Aera Energy, LLC (Aera) in an all-stock transaction. The transaction values Aera at approximately $2.1

Canada looks to capitalize as U.S. pauses LNG export licenses- oil and gas 360

Canada looks to capitalize as U.S. pauses LNG export licenses

Oil Price The Biden administration’s decision to pause approvals of new licenses to export liquefied natural gas (LNG) is making major waves both at home and internationally. While there is much hand-wringing about the economic implications of the deal for the United States and its energy trade partners, at least one man, Canadian Energy Minister Jonathan Wilkinson, sees an opportunity for his

Sparq Renewables, NextEra Energy break ground on Oklahoma RNG project- oil and gas 360

Sparq Renewables, NextEra Energy break ground on Oklahoma RNG project

Waste Today Publisher’s Note: Congratulations, Sparq Renewables! EnerCom celebrates the continued success of our clients. Sparq Renewables, based in Oklahoma City, the city of Enid, Oklahoma, and NextEra Energy Resources LLC, based in Juno Beach, Florida, have announced the groundbreaking of the Scissortail Renewables project, a renewable natural gas (RNG) plant that will convert methane from municipal waste into renewable energy for

Natural gas producer EQT CEO dismisses Biden’s LNG freeze as political stunt-oil and gas 360

Natural gas producer EQT CEO dismisses Biden’s LNG freeze as political stunt

World Oil (Bloomberg) – The chief executive officer of the country’s largest producer of natural gas dismissed the Biden administration’s move to freeze new liquefied natural gas (LNG) exports as a political stunt, telling House lawmakers during a hearing Tuesday that the decision was designed to secure support at the ballot box. “Let’s call this what it is: the Biden

Range announces fourth quarter production and pricing- oil and gas 360

Range announces fourth quarter production and pricing

Oil and Gas 360 FORT WORTH, Texas, Feb. 06, 2024 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced fourth quarter 2023 expectations for production and pricing with fourth quarter production averaging approximately 2,207 Mmcfe per day. In addition, Range realized $8.0 million in contingent derivative settlement gains in fourth quarter 2023. Production and Pricing Fourth quarter 2023 daily natural gas production averaged approximately 1,540 Mmcf

U.S. crude oil inventories increase by 0.5 million barrels- oil and gas 360

U.S. crude oil inventories increase by 5.5 million barrels

Weekly Crude Oil Storage as of February 2, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 5.5 million barrels from the previous week.  At 427.4 million barrels, U.S. crude oil inventories are 4% below the five year average for this time of year, according to the EIA crude oil and petroleum weekly storage