Matthew Veazey joined NGI as an associate editor in October 2021. He has covered the energy industry for more than two decades, including 15 years covering the upstream and downstream oil and gas sectors at Rigzone. Matthew holds a bachelor of arts degree in English and MBA from the University of Louisiana at Lafayette and a master's degree in mass communication from Louisiana State University.
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Articles from Matthew Veazey
ConocoPhillips Selling Anadarko Basin Producing Wells to Diversified
Diversified Energy Co. plc said Thursday it is acquiring about 1,500 producing Midcontinent wells from ConocoPhillips. The $240 million Anadarko Basin bolt-on, funded with existing cash and debt, would expand Diversified’s Oklahoma and Texas footprint in the company’s Central Region. The former Appalachian Basin pure play also holds assets in the gassy Barnett and Haynesville…
July 29, 2022
Unit Divesting Texas Assets Weeks After Terminating Future Sales
On the heels of a U.S. Gulf Coast asset sale, management at Tulsa-based Unit Corp. last week applauded its recent decision to halt more upstream divestitures. The independent said Friday it closed on a $43.7 million sale of “certain wells and related leases near the Texas Gulf Coast” on July 1, weeks after reversing its…
July 28, 2022
Texas Upstream Natural Gas, Oil Industry Adds 6,100 Direct Jobs in June
Texas’ direct upstream natural gas and oil industry job count was 194,900 in June, translating into a 6,100-job gain from May, the Texas Independent Producers and Royalty Owners Association (TIPRO) reported last week. “As expected, the dip in May upstream employment appeared to be an anomaly, and June numbers reflect continued demand for talent and…
July 27, 2022
TotalEnergies, Borealis Start Up Texas Ethane Cracker
TotalEnergies SE and Borealis AG reported last week they have begun commercial operations at their nearly $2 billion ethane cracker in Port Arthur, TX. The companies built the ethane cracker, with an ethylene production capacity of 1 Mt/y, at TotalEnergies’ refinery in Port Arthur via their Bayport Polymers LLC 50/50 joint venture (JV). “This investment…
July 25, 2022
Schlumberger Sees Ongoing ‘Resilient’ Upstream Growth in North America, Elsewhere
Constrained availability of oilfield services (OFS) supply capacity in North America, and increasingly internationally, rank among ongoing “tailwinds” for natural gas and oil prices, management at Schlumberger Ltd. said Friday. The OFS giant sees “a decoupling of upstream spending from potential near-term demand volatility, resulting in resilient global oil and gas activity growth in 2022…
July 22, 2022
Devon Energy Grows Williston Basin Position with $865M Deal
Devon Energy Corp. said Thursday that it has closed on its $865 million acquisition of RimRock Oil and Gas LP’s leasehold interest and related assets in the Williston Basin. The bolt-on deal, announced last month, adds 38,000 contiguous net acres (88% working interest) to Devon’s existing Williston footprint. Oklahoma City-based Devon said it expects the…
July 22, 2022
Oilfield Services Giant Baker Hughes Bullish on Natural Gas, LNG Growth Prospects
Baker Hughes Co. (BKR) management on Wednesday offered a bullish assessment of natural gas growth opportunities but conveyed a more measured outlook for the oil market. “Overall, we remain very positive on the outlook for natural gas,” Baker Hughes’ CEO Lorenzo Simonelli told analysts during the oilfield services (OFS) giant’s 2Q2022 earnings call. “We also…
July 22, 2022
Rosy Outlook for Texas Natural Gas, Oil Tax Boosts Lawmakers’ Spending Options
Texas’ chief tax collector recently projected that state lawmakers will have about 10% more money available to spend in 2022-23 than expected, citing robust natural gas and oil production tax revenues as a key factor in the outlook. “Severance taxes performed extremely well due to elevated oil and gas prices caused by energy market volatility,”…
July 21, 2022
Baker Hughes Sees Years of Growth in U.S. Natural Gas, LNG Sectors
Baker Hughes Co. (BKR) management on Wednesday offered a bullish assessment of natural gas growth opportunities but conveyed a more measured outlook for the oil market. “Overall, we remain very positive on the outlook for natural gas,” Baker Hughes’ CEO Lorenzo Simonelli told analysts during the oilfield services (OFS) giant’s 2Q2022 earnings call. “We also…
July 20, 2022
West Virginia Researchers Eye Hydrogen-Friendly Natural Gas Turbines
Researchers at West Virginia University (WVU) are developing technology to keep natural gas turbines at large-scale power plants intact when using hydrogen to generate electricity. “In West Virginia, we have access to natural gas,” said WVU’s Xingbo Liu, mechanical and aerospace engineering professor. “We are sitting in one of three major gas fields, the Marcellus…
July 20, 2022