Wednesday, June 17, 2026

Pioneer Shifting Toward Permian Pure-Play, Sells Assets

$79 million for 84 MMcf/d Pioneer Natural Resources (ticker: PXD) continued its move toward a Permian pure-play, divesting another non-core asset today. Pioneer will sell its Raton basin assets, located in southeastern Colorado, to privately-held Evergreen Natural Resources. The assets sold include all producing wells and infrastructure in the basin. Pioneer’s properties are currently producing about 84 MMcf/d, all production

Tokyo Gas

Cheniere Energy Grows with Help from Baker Hughes

Cheniere Energy Inc. (NYSE: LNG) announced today that it has reached a positive FID and plans to continue the construction of its third liquefaction train for its LNG facility in Corpus Christi, Texas. Baker Hughes, a GE company (NYSE: BHGE), will be supplying the turbomachinery equipment for this expansion. This FID represents the first for new LNG capacity in the

Gazprom

There’s a Gas Pipeline Deal to Be Done With Kim Jong Un. Any Takers?

From Bloomberg The idea of building a conduit to carry natural gas from the Russian Far East to South Korea has been around since the 1990s. From 2008 to 2011, as Russia’s gas giant, Gazprom PJSC, was building a pipeline as far as Vladivostok, the company signed a memorandum of understanding with North Korea and a framework agreement with Seoul’s Korea Gas

U.S. shale firms miss out on $70 oil after hedging at $55

From Reuters Many top U.S. shale oil producers are missing out on the rally in oil prices to more than $70 a barrel – because they sold their oil through futures contracts at about $55 last year when that looked like a good deal. Now, it looks cheap. Those hedged bets will hold down revenues and further frustrate Wall Street