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
PwC Study Shows Growing Appetite for Natural Gas, Oil Investor Deals
Higher commodity prices have whetted investors’ appetite for more natural gas and oil deals, and the pace of activity should pick up for the rest of this year, PwC predicted in a recent midyear report. “Private equity deals are on pace for another record year as traditional oil and gas investments become attractive once again,”…
July 18, 2022
Pennsylvania Court Briefly Pulls Plug on Power Plant Emissions Trading
Foes of a new Pennsylvania Department of Environmental Protection (DEP) power plant carbon dioxide (CO2) emissions regulation won a court victory earlier this month suspending implementation. Regulators, however, are seeking to have the injunction overturned. DEP and the state’s Environmental Quality Board (EQB) filed an appeal with the Pennsylvania Supreme Court this week after the…
July 14, 2022
Higher Natural Gas Price Spurred 2Q Midcontinent, Rockies Activity
The average natural gas price that energy firms across the Midcontinent and Rockies needed to justify substantially more drilling increased 40% sequentially in the second quarter, according to a survey by the Federal Reserve Bank of Kansas City. The Kansas City Fed, as it is better known, said the 2Q2022 energy survey pegged the growth-inducing…
July 12, 2022
Are Stock Buybacks the Wisest Choice for U.S. E&Ps?
Large stock buyback plans have been popular among public exploration and production (E&P) companies with strong free cash flow (FCF), but informed industry-watchers offered mixed views on whether they are the best option for companies at this time. NGI’s Patrick Rau, director of strategy and research, ticked off a list of share repurchase advantages. Buybacks…
July 11, 2022
Texas Oil, Natural Gas Drilling Permits Jump in Haynesville, Permian
The Railroad Commission of Texas (RRC) reported the number of permits issued in June to drill wells in its East Texas District, which includes part of the gassy Haynesville Shale, jumped 200% year/year. RRC issued 42 permits to drill oil and gas wells in the East Texas area, aka District 6, compared with 14 permits…
July 8, 2022
Marcellus CCS Project Wins Funding from Global Oil, Gas Firms
Twelve global natural gas and oil majors are backing what could be Pennsylvania’s first carbon capture and storage (CCS) project. Under the auspices of decarbonization investor OGCI Climate Investments (OGCI CI), the multinationals have provided funding for KeyState Natural Gas Synthesis to conduct a pre-front end engineering and design (pre-FEED) study for a project in…
July 7, 2022
Texas Natural Gas, Oil Tax Takes Set Dual Records
Texas’ natural gas production tax generated $439.1 million in June, up 176% year/year and a new state record, the Texas Comptroller of Public Accounts reported last week. The Lone Star State’s latest natural gas production tax take beats the previous record for the levy, set in May, by 6.3%. Also hitting an all-time high was…
July 6, 2022
PDC’s DJ Well Inventory Climbs by 99 in June with Latest Colorado Regulatory Approval
PDC Energy Inc. has gained approval by Colorado regulators for a 30-well oil and natural gas development program in Weld County. The Colorado Oil and Gas Conservation Commission (COGCC) approved the Broe Oil and Gas Development Plan (OGDP), PDC said Wednesday. The Denver-based producer acquired the Broe OGDP in Weld County during May, when it…
July 1, 2022
Execs from Louisiana to New Mexico Gaze into Natural Gas, Oil Pricing Crystal Ball
Natural gas and oil industry executives across Texas, northern Louisiana, and southern New Mexico expect a Henry Hub natural gas price of $7.55/MMBtu and a West Texas Intermediate (WTI) oil price of $108/bbl by the end of this year, according to the Federal Reserve Bank of Dallas. The Dallas Fed, as it is known, obtained…
June 30, 2022
Gulf Coast Oil Exports Approach Record Territory, with More Growth to Come
Crude oil export volumes from the Gulf Coast should hit an all-time high in the second quarter, but that record shouldn’t last long, according to Rystad Energy. Citing continued “depressed” U.S. oil refining capacity against pre-Covid levels, tied to refinery outages and releases from the federal Strategic Petroleum Reserve (SPR), Rystad’s shale research head Artem…
June 30, 2022