WhiteHawk Energy Adds Marcellus Shale Mineral, Royalty Assets
WhiteHawk Energy LLC said on Sept. 18 that it had acquired Marcellus...
WhiteHawk Energy LLC said on Sept. 18 that it had acquired Marcellus Shale natural gas mineral and royalty interests covering 435,000 gross unit acres across southwestern Pennsylvania and northern West Virginia.
Financial terms of the acquisition were not disclosed. In November 2023, WhiteHawk said it had acquired 475,000 gross acres for a total purchase price of $54 million.
The new acquisition adds to WhiteHawk’s Marcellus position, with assets operated by Antero Resources, EQT Corp., Range Resources and CNX Resources. With the acquisition, the company’s fifth in the Marcellus, WhiteHawk said its owns natural gas mineral and royalty interests across more than 1 million unit acres and 3,400 producing wells. The company also holds mineral and royalty interests in the Haynesville Shale.
Two Oklahoma tribes to receive nearly $5 million to target abandoned wells
Nearly $5 million is being given by the Biden administration to Oklahoma’s...
Nearly $5 million is being given by the Biden administration to Oklahoma’s Caddo Nation and Osage Nation to use to plug abandoned oil and gas wells.
Indian Country Today reported the Caddo Nation of Oklahoma will receive $3,707,129 in program development and implementation grant funding, and the Osage Nation will receive $1 million in program development grant funding.
The Caddo Nation will use the funds to assess up to 20 orphaned wells in phase one of its project. The Osage Nation plans to create an inventory and carry out assessment and plugging activities in the first phase of its abandoned well project.
Venture Global boosts regasification footprint in Europe
Venture Global has signed...
Venture Global has signed a five-year agreement with Gastrade to regasify about 1.1 million short tons per year of liquefied natural gas at the Alexandroupolis LNG terminal in Greece beginning in 2025. The deal enhances Venture Global's ability to supply Central and Eastern Europe with LNG from its Louisiana plants.
Texas gas heat content dropped below US average in 2023
In 2023, Texas delivered...
In 2023, Texas delivered some of the least energy-dense dry natural gas in the US, with an average heat content of 1,018 British thermal units per cubic foot, below the 1,036 Btu/cf national average, according to the Energy Information Administration. The decline is attributed to the increased extraction of natural gas liquids like ethane and propane during processing, driven by rising petrochemical demand.
