Wednesday, April 30, 2025
Flotek acquires innovative mobile power generation assets and secures multi-year lease providing $160 million revenue backlog and immediate earnings accretion- oil and gas 360

Flotek acquires innovative mobile power generation assets and secures multi-year lease providing $160 million revenue backlog and immediate earnings accretion

Publisher’s Note: Flotek Industries will present at EnerCom Denver—The Energy Investment Conference on August 17-20, 2025. Register to attend.  (Oil & Gas 360) – HOUSTON, April 28, 2025 /PRNewswireOpens in new window/ — Flotek Industries, Inc. (“Flotek”) (NYSE: FTK) and ProFrac Holding Corp. (NASDAQ: ACDC) (“ProFrac”) today jointly announced Flotek’s acquisition of power generation assets and related intellectual property (the “Acquired Assets”)

Drillers in Canada shift to natural gas as trade war drives down oil prices- oil and gas 360

Drillers in Canada shift to natural gas as trade war drives down oil prices

(World Oil) – Drillers in Canada’s energy heartland of Alberta are shifting their focus to natural gas as the global trade war and an OPEC+ plan to increase output hammer crude prices. The number of licenses for new gas wells issued in the first quarter rose 26% from the previous quarter to 308, the highest quarterly total in two years,

Abu Dhabi’s ADNOC mulls bid for Aethon’s US natgas assets, Bloomberg News reports- oil and gas 360

Abu Dhabi’s ADNOC mulls bid for Aethon’s US natgas assets, Bloomberg News reports

(BOE Report) – Abu Dhabi state oil company ADNOC is considering a bid for natural gas assets of investment firm Aethon Energy Management that could potentially be worth about $9 billion, Bloomberg News reported on Friday, citing people familiar with the matter. ADNOC has done a string of acquisitions in gas and chemicals, which along with LNG and renewables it

BP flags weak natural gas trading for Q1- oil and gas 360

BP flags weak natural gas trading for Q1

(Oil Price) – BP expects to post a weak natural gas trading result for the first quarter, as well as lower gas output, as the UK-based supermajor is resetting its strategy back to core oil and gas operations. Reported upstream production in the first quarter is expected to be lower compared to the prior quarter, with oil production slightly higher and

WhiteHawk Energy acquires natural gas mineral and royalty interests across 475,000 gross unit acres in core of Marcellus shale- oil and gas 360

WhiteHawk Energy acquires natural gas mineral and royalty interests across 475,000 gross unit acres in core of Marcellus shale

(Oil & Gas 360) WhiteHawk closes $118 million acquisition of additional Marcellus Shale natural gas mineral and royalty assets by doubling its ownership interests in its existing 475,000 gross unit acres position Acquisition generates cash flow from over 1,400 wells, anchored by top-tier operators EQT, Range Resources, and CNX Resources This transaction increases WhiteHawk’s natural gas mineral and royalty interests

US gas players refocus on Haynesville basin, buoyed by Trump LNG plans- oil and gas 360

US gas players refocus on Haynesville basin, buoyed by Trump LNG plans

(BOE Report) – U.S. natural gas producers and investment firms are gearing up for more activity in Louisiana’s Haynesville shale basin, positioning themselves for a boom in liquefied natural gas exports boosted by new approvals from President Donald Trump. Gas prices are rising as LNG producers in the United States, already the world’s largest LNG exporter, bring new projects online

U.S. energy sector makes strong start to 2025 - Morgan Stanley- oil and gas 360

U.S. energy sector makes strong start to 2025 – Morgan Stanley

(Investing) – The U.S. energy sector has had a strong start to 2025, despite macro uncertainty, and Morgan Stanley has updated its models to reflect this. Despite generally cautious investor sentiment on oil markets, the energy sector has had a strong start to 2025, rising 8% year-to-date, outperforming the S&P 500 index by around 10%, according to analysts at Morgan Stanley, in a

US Army Corps to narrow list of emergency energy projects by next week- oil and gas 360

US Army Corps to narrow list of emergency energy projects by next week

(Investing) – WASHINGTON – The Army Corps of Engineers will complete as soon as next week its revised list of energy projects that could be fast-tracked under President Donald Trump’s declaration of a national energy emergency, a U.S. Army Corps official told Reuters. The Army Corps, a federal engineering service with permitting authority over projects involving wetlands and waterways, posted in

Citadel hedge fund to buy $1 billion in Haynesville natural gas assets- oil and gas 360

Citadel hedge fund to buy $1 billion in Haynesville natural gas assets

(World Oil) – Citadel made one of its biggest investments yet in the physical U.S. natural gas market, expanding in one of its most profitable business areas. The hedge fund, led by Ken Griffin, agreed to buy assets from closely held Paloma Natural Gas LLC in a deal valued at about $1 billion, people familiar with the matter said. The acquisition

U.S. natural gas pipeline projects boost LNG takeaway capacity in 2024- oil and gas 360

U.S. natural gas pipeline projects boost LNG takeaway capacity in 2024

(Investing) – The U.S. Energy Information Administration (EIA) reported on Monday that the completion of natural gas pipeline projects in 2024 led to an increase in the country’s liquefied natural gas (LNG) takeaway capacity. The capacity, which indicates the maximum volume of gas a pipeline can transport from a production area or storage facility daily, increased by 17.8 billion cubic feet per day

Williams says it welcomes Trump's support for Constitution gas pipeline- oil and gas 360

Williams says it welcomes Trump’s support for Constitution gas pipeline

(Investing) – WASHINGTON  -Williams Cos said on Friday it appreciated U.S. President Donald Trump’s support for its cancelled Constitution natural gas pipeline project through New York, and that it was interested in dusting off the project under the right circumstances. Trump had said Thursday he will meet New York Governor Kathy Hochul on Friday morning for talks that may include potentially reviving