Hart Energy's Top Articles of the Week – Sept. 19 - 23
Hart Energy
All Energy. All The Time. Media, Research, and Data for the Global Energy Industry.
The energy industry moves quickly, and it's not always possible to read every story as it happens.
To help, Hart Energy collects its five favorite articles each week so you can see what everyone else is talking about. Check them out below and let us know what you think in the comments!
Ranger Oil Corporation ’s mission to relentlessly build its #EagleFord position went into liftoff in June, when the company closed the first half of 2022 with nine deals and 10% more acreage than it had at the start of the year.
Raw acquisition power is nothing new in the oil and gas industry. But Ranger Oil’s goal wasn’t mere conquest. President and CEO Darrin Henke said the company has tried to make every deal count.
The U.S. Department of Energy (DOE) launched another Energy Earthshot Initiative, this time taking aim at floating offshore wind—initially along the West Coast.
Targeting deep water, the initiative seeks to lower the cost of floating offshore wind energy by at least 70% to $45 per megawatt hour by 2035 to jumpstart development, the #Bidenadministration announced Sept. 15. The goal is to deploy 15 gigawatts (GW), enough to power about 5 million homes, within about 13 years.
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Subsidiaries of Whistler Pipeline LLC and Cheniere Energy, Inc. will move forward with the construction of the ADCC Pipeline, a new joint venture (JV) pipeline which will send natural gas from the #PermianBasin to the Texas Gulf Coast for export as #LNG.
The pipeline will support Cheniere’s plans to ramp up total liquefaction capacity on the Texas Gulf Coast. Cheniere currently boasts liquefaction capacity of approximately 45 million tonnes per annum (mtpa). Over the near- and long-term, the company plans to ramp up to around 60 mtpa and 90 mtpa respectively.
Millennial Energy Partners has entered the volumetric production payment (VPP) market as a capital source for producers in the oil and gas industry in response to overwhelming market outreach in the second quarter, the Houston-based #energyasset manager said.
Cheniere Energy Inc. unveiled its new #capital allocation plan after achieving the prior plan ahead of schedule. The company’s new “20/20 vision” forecasts over $20 billion of available cash through 2026, over $20 per share of run-rate distributable cash flow and a $4 billion share repurchase authorization.
With the new plan Cheniere aims to maintain its “investment-grade credit metrics through cycles, further return capital to shareholders over time, and continue to invest in accretive organic growth,” the company said Sept. 12 in a press release.