Barnett Shale’s BKV to Launch Delayed IPO of Natgas-focused E&P
Natural gas E&P BKV Corp., with operations...
Natural gas E&P BKV Corp., with operations centered in the Barnett Shale, announced on Sept. 16 that it has priced its long-delayed IPO at 15 million shares.
The company, the Barnett’s largest producer of natural gas and condensates, said it expects to price its IPO at between $19 to $21 per share, with proceeds ranging between $285 million to $315 million.
BKV has positioned itself as an LNG supplier near Gulf Coast markets with production averaging 718 MMcfe/d across about 460,000 Barnett acres, supported by 778 miles of associated gas gathering pipelines and 65 compression units. The company also owns an amine gas processing unit.
Arguments to begin today in the US government’s case to ban...
Arguments to begin today in the US government’s case to ban TikTok: The DOJ is ready to prove that the social media platform that once had people making NyQuil chicken is a threat to national security and must divest. There’s one interesting caveat in the First Amendment case—the DOJ doesn’t want to show the defendant its evidence due to it being classified, arguing that saying why TikTok is a threat would be a threat in itself. If ByteDance, the Chinese-owned parent company of TikTok, doesn’t win its case, it would have to sell TikTok or effectively be banned in the US.
DirecTV and Disney reached a deal Saturday that ended the two-week blackout of Disney-owned channels and will allow DirecTV to offer some new packages.
Beetlejuice Beetlejuice continued to reign with $51 million at the domestic box office. In two weeks, the much-anticipated sequel has earned $264.3 million globally.
More men have come forward to accuse Mike Jeffries, the former CEO of Abercrombie & Fitch, of sexual exploitation while he ran the company.
SpaceX’s Polaris crew returned home from five days in orbit after completing the first private spacewalk.
Lil Wayne said not being chosen as the headline performer for Super Bowl LIX in his hometown of New Orleans “broke” him.
Trump Safe After What F.B.I. Describes as an Assassination Attempt
Former President Donald J. Trump was...
Former President Donald J. Trump was playing golf on Sunday afternoon in Florida when a Secret Service agent spotted a man with a rifle standing by a chain-link fence on the perimeter of the course, law enforcement officials said.
The agents opened fire, and the man fled in a black Nissan but was eventually taken into custody, the officials said.
While Mr. Trump was safe and unharmed, the Federal Bureau of Investigation said it was investigating the episode as an apparent attempted assassination, the second one against the former president in just over two months. Mr. Trump was wounded in a previous attempt during a July 13 rally in Butler, Pa.
Fed Appears Set to Cut Rates This Week. That Could Help Stocks. Or Harm Them
A Federal Reserve interest rate cut is expected Wednesday, but stock...
A Federal Reserve interest rate cut is expected Wednesday, but stock market reactions remain uncertain. Historically, the reason behind Fed rate cuts has been more impactful than the cuts themselves. Goldman Sachs strategist Vickie Chang's analysis shows that since the mid-1980s, the Fed has eased policy 10 times. Stocks typically rallied when rate cuts prevented recessions but declined when recessions occurred anyway. The market's response to this cut will likely depend on upcoming economic data as investors determine whether this is a "growth scare" or the start of a recession.
U.S. Rig Count Sees Biggest Weekly Increase in a Year
U.S. energy firms added oil and natural gas rigs this week for the first...
U.S. energy firms added oil and natural gas rigs this week for the first time in five weeks, marking the most significant weekly increase in a year, according to Baker Hughes' closely watched report released on Friday.
The combined rig count, an early indicator of future production, increased by eight rigs to a total of 590 in the week ending September 13, returning to levels last seen in mid-June. This jump represents the largest weekly gain since mid-September 2023. Despite the uptick, the total rig count remains 51 rigs, or 8%, below the level recorded this time last year.
Breaking down the rig count, Baker Hughes reported that oil rigs increased by five to 488 this week, while gas rigs rose by three to 97.
The rig count had fallen about 20% in 2023, following increases of 33% in 2022 and 67% in 2021. This decline was driven by lower oil and gas prices, rising labor and equipment costs due to inflation, and a shift in focus by companies toward debt reduction and shareholder returns over output growth.
