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Top related persons:
NGP - 1 David French - 1 Sonali Paul - 1
Top related locs:
Colorado's Denver Texas New Mexico U.S Hibernia Denver Delaware Midland
Top related orgs:
Civitas Resources Inc - 1 NGP Energy Capital Management - 1 Civitas - 1 Hibernia Resources - 1 Rock Resources - 1 Hibernia - 1 Thomson - 1

Search resuls for: "Civitas Resources Inc"


2 mentions found


☆ Exclusive: Civitas Resources nears $5 bln deal to expand into Permian-sources
  + stars: | 2023-06-19 | by ( David French | ) www.reuters.com   time to read: +2 min
The deal would transform Civitas, currently valued at $5.6 billion, expanding its operations beyond Colorado's Denver-Julesburg (DJ) basin into the lucrative Permian basin in Texas and New Mexico, considered the heart of the U.S. shale industry. Civitas is in advanced discussions with NGP to buy Hibernia Resources as well as much of Tap Rock Resources, the sources said. Civitas, NGP, Tap Rock and Hibernia did not respond to requests for comment. Hibernia, which does not disclose the level of its production, operates in the Midland part of the Permian basin in Texas. Cashing out on Tap Rock and Hibernia would help NGP with its bid to raise its 13th natural resources fund - the first flagship fund from the firm since 2018.
Persons: NGP, David French, Sonali Paul Organizations: Civitas Resources Inc, NGP Energy Capital Management, Civitas, Hibernia Resources, Rock Resources, Hibernia, Reuters, Thomson Locations: Colorado's Denver, Texas, New Mexico, U.S, Hibernia, Denver, Delaware, Midland, New York
☆ Analysis: Global natural gas crisis dampens momentum for 'cleaner' LNG
  + stars: | 2022-10-19 | by ( Nichola Groom Emily Chow Marwa Rashad | Nichola Groom | Emily Chow | ) www.reuters.com   time to read: +5 min
And demand for the greener fuel has dried up, according to Reuters interviews with nine LNG market analysts, industry officials and traders. Several gas drillers, including in the world’s top gas producer the United States, told Reuters they have invested in finding and plugging greenhouse gas emissions associated with production, transport and processing. Since Russia's Feb. 24 invasion of Ukraine, gas prices have soared about 25% in the United States and 32% in Europe . To export gas, the fuel must be supercooled into LNG and then shipped across the sea, a process that produces substantial additional greenhouse gas emissions. Other U.S. LNG suppliers, like Cove Point LNG and Cameron LNG, also told Reuters they are not certifying their cargoes.
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