Saturday, June 28, 2025

Carl Icahn Raises Stake in Cheniere Energy

Story by The Wall Street Journal Billionaire investor Carl Icahn on Monday disclosed he had raised his stake in Cheniere Energy Inc. Funds controlled by Mr. Icanh, which last month reached an agreement with Cheniere to add two representatives to its board, now hold 22.7 million of the Houston energy company’s outstanding shares, or about 9.59%. Earlier in August, the

Canada

Crescent Point Sees 31% Recovery Factors: Has it Perfected the Next Big Idea in Horizontal Wells?

Beating the Decline Curve with Water Injections via Stage-Fractured Horizontal Wells = a Lower F&D Cost than Saudi Arabia The shale revolution has propelled North America into a global energy powerhouse. The technology driving this transformation – hydraulic fracturing – has allowed U.S. and Canadian producers to unlock tremendous energy resources, but it presents its own unique challenges compared to traditional

Energy XXI Provides Fiscal Year-End Reserves Update

Energy XXI (EXXI.L) today announced fiscal year-end reserves. 2015 fiscal year-end reserves were estimated at 183.5 MMBOE Proved reserves are 75 percent oil Proved reserves pre-tax present value is $2.8 billion Production and divestitures account for 54 percent of reserve reductions Majority of revisions due to price and reduced capital spending “Our proved reserves decreased primarily due to production of

Williams Companies Weighing Takeover Offers; Energy Transfer Still in the Picture 

Analysts have pegged scores of oil and gas companies as potential takeover targets in the new commodity environment, but Williams Companies (ticker: WMB) is one of the few who has remained in the acquisition spotlight ever since a failed takeover attempt was made public in June. The rejected offer of $53.1 billion from Energy Transfer Equity (ticker: ETE) was refused

Milestone: Permian Basin Eclipses 2,000 MBOPD in EIA’s Drilling Productivity Report

The Permian ranks among the top-20 oil producing countries on a stand-alone basis The Permian Basin continues to deliver amid declining activity, with production levels expected to rise past 2,000 MBOPD in the Energy Information Administration’s (EIA) September issue of the Drilling Productivity Report. The Permian has, for the most part, been the only major oil and gas play to