As private equity pulls back from US shale, family offices...
As private equity pulls back from US shale, family offices managing the wealth of billionaires such as George Soros and Carlos Slim are stepping in, enticed by the industry's newfound discipline and steadier returns. Family offices have invested about $15 billion in the sector and are expected to provide around 12% of its total capital this year, up from 7% a few years ago, according to financial services firm Stephens and law firm Haynes Boone.
Williams plans to add 10 Bcf of additional natural gas storage capacity...
Williams plans to add 10 Bcf of additional natural gas storage capacity to its Pine Prairie facility in Louisiana and launch two new expansion projects on the Northwest Pipeline, bringing the total to six, with a combined capacity of about 580 MMcf/d. Additionally, the company is progressing toward its first data center supply agreement.
DUC decline could limit US shale operators' agility
US shale producers worked through a large portion of their drilled-but-uncompleted...
US shale producers worked through a large portion of their drilled-but-uncompleted wells in 2024, with the Midland Basin alone seeing a drop of 233 wells from the second to the fourth quarter, according to Enverus data. This trend was also evident in gas-rich basins, reducing some operators' DUC backlogs to levels that could hinder their ability to respond swiftly to demand increases.
Secretary of State Marco Rubio and other US officials are meeting with...
Secretary of State Marco Rubio and other US officials are meeting with a Russian delegation today to discuss ending the war in Ukraine, as well as other topics aimed at strengthening US-Russian ties. However, many US allies are concerned about what the bilateral talks will bring. Ukrainian President Volodymyr Zelensky has said his country won’t accept any peace deal it didn’t help negotiate. And European leaders held emergency talks in Paris yesterday to address being shut out of negotiations that impact their security.
Trump asks SCOTUS to let him tell agency heads “you’re fired.” President...
Trump asks SCOTUS to let him tell agency heads “you’re fired.” President Trump has asked the Supreme Court to intervene on an emergency basis to let him dismiss the head of the independent agency that protects government whistleblowers. A lower court reinstated Hampton Dellinger as the head of the Office of Special Counsel while Dellinger’s suit challenging his termination as unlawful continues. This is Trump’s first appeal to the highest court about the extent of his power in his second term, but more cases on the issue are also expected to reach the Supreme Court as he looks to reshape the government.
At least 11 people have died in flooding from a severe winter storm in Kentucky. Others were also killed in nearby states.
Intel may get broken up into smaller companies, as the Wall Street Journal reports that both Taiwan Semiconductor Manufacturing Co. and Broadcom are considering deals that would do just that.
Hundreds of FAA employees were fired over the weekend as part of the Trump administration’s mass layoffs of federal workers. The terminations come just weeks after aviation incidents drew attention to the strained workloads of air traffic controllers.
Israeli troops will remain in five locations in Lebanon past today’s deadline for them to pull out of the country, officials said.
Four top deputies to NYC Mayor Eric Adams resigned as the controversy over the DOJ’s decision to drop corruption charges against him continues.
Pope Francis’s stay in the hospital was extended after he was admitted for bronchitis.
