GeoSouthern, Williams Market Haynesville Gas Assets
Private producer GeoSouthern Energy Corp. is taking bids for its Haynesville...
Private producer GeoSouthern Energy Corp. is taking bids for its Haynesville natural gas assets, three sources told Hart Energy.
GEP Haynesville II, a joint venture (JV) between GeoSouthern Energy and Williams Cos., operates around 50,000 net acres in Louisiana’s Haynesville Shale.
Analysts estimate GEP Haynesville II’s coveted acreage could fetch between $1.2 billion to $1.5 billion through a potential sale.
GeoSouthern owns 75% of the acreage, primarily in De Soto and Sabine parishes, Louisiana. Midstream company Williams Cos. owns a 25% non-operated stake, investor filings show.
The two companies formed a JV in August 2021 to develop the acreage, which was prospective for the Haynesville and Middle Bossier shale formations. The undeveloped properties were transferred to Williams as part of Chesapeake Energy’s bankruptcy and restructuring process.
During a wide-ranging discussion with UK Prime Minister...
During a wide-ranging discussion withUK Prime Minister Keir Starmer, President Trump said he’d likely impose a 15% or 20% blanket tariff on imports from countries that have not reached new trade deals with the US, which is higher than the 10% that he announced in April. Trump also said he was “very disappointed” in Russian President Vladimir Putin and that he would give Russia 10 to 12 more days to negotiate a ceasefire with Ukraine or the US would hit Russia’s trading partners with tariffs, shortening a previous 50-day deadline. The president also called for the US to get more involved in providing humanitarian aid to Palestinians in Gaza, saying the US would “set up food centers” and asserting that there is “real starvation,” in contradiction to a denial from Israel’s prime minister.
Get ready for Warner Bros. and Discovery Global. Warner...
Get ready for Warner Bros. and Discovery Global. Warner Bros. and Discovery have gotten past that awkward phase of determining who gets to keep what after the breakup, with the company announcing yesterday the names and leadership of the two companies that will remain after it splits itself in two. The streaming and movie studio will be known as Warner Bros., with WBD CEO David Zaslav at the helm, and the cable television business (which also includes the Discovery+ streaming service) led by the current company’s CFO will be called Discovery Global. The company expects to complete the rupture, which will effectively undo the blockbuster 2022 merger that created it, by the middle of next year.
At least four people, including a police officer, were killed in a shooting in a Midtown Manhattan office building that houses corporate offices for Blackstone and the NFL, CNN reports. The shooter, tentatively identified as a 27-year-old from Las Vegas, was also dead, according to authorities.
Spirit Airlines plans to furlough 270 pilots, demote another 140, and run fewer flights this fall as it seeks to cut costs after emerging from bankruptcy.
A Massachusetts federal judge blocked the Trump administration’s efforts to bar Planned Parenthood clinics from receiving Medicaid reimbursements while the organization challenges the defunding included in the Republicans’ recently passed tax bill.
The Las Vegas Sphere will show a version of the 1939 Wizard of Oz souped up by a team of technicians and AI to fit its giant screen. The film screenings begin in late August.
Oil rose after US President Donald Trump said he would move up the deadline...
Oil rose after US President Donald Trump said he would move up the deadline for Russia to agree to a truce in Ukraine, reigniting concerns that tensions between Moscow and the West will threaten flows of crude supplies.
West Texas Intermediate climbed by $1.55 to settle at $66.71 per barrel, the highest in a week, while Brent climbed $1.60, at $70.04 a barrel to end the session at the highest level in more than two weeks.
Trump said he would impose a new deadline of 10-12 days for Russian leader Vladimir Putin to reach a truce with Ukraine, after previously threatening Moscow with 100% “secondary tariffs” to create pressure toward a peace deal.
U.S. stocks end mixed ahead of Fed decision, key earnings and economic data
U.S. stocks finished mostly higher, with the S&P...
U.S. stocks finished mostly higher, with the S&P 500 and Nasdaq scoring records after the U.S. and European Union struck a trade deal and investors looked ahead to earnings reports from several Big Tech companies, the Federal Reserve’s interest-rate decision and upcoming inflation and employment data due this week.
The Dow Jones Industrial Average ended roughly 0.1% lower, according to preliminary closing data by FactSet.
The S&P 500 closed less than 0.1% higher, marking a sixth straight record close, if preliminary figures hold up. That matches the index's longest run of record finishes since a six-day run that ended on July 10, 2024, according to Dow Jones Market Data.
The Nasdaq Composite finished about 0.3% higher at a record close, marking its fourth straight daily gain.
