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
Denbury Craves Bigger CCUS ‘Pie’ with Democrats’ Climate, Spending Bill
Broader tax breaks in the recently enacted Inflation Reduction Act of 2022 (IRA) will entice more sectors of the U.S. economy to embrace carbon sequestration, according to Denbury Inc. The independent, a carbon dioxide (CO2) pipeline and enhanced oil recovery specialist, is positioning itself for anticipated market growth, management said during the recent second quarter…
August 23, 2022
Archaea Ups Canada RNG Sales with Long-term Énergir Deal
Texas-based renewable natural gas (RNG) producer Archaea Energy Inc. on Monday reported landing its second Canadian customer via a 20-year contract to deliver about 2 million MMBtu/year to Quebec distributor Énergir L.P. The deal, subject to approval by Quebec regulators, would raise landfill gas supplier Archaea’s annual Canadian RNG sales to nearly 10 million MMBtu,…
August 19, 2022
Laredo’s Early Leech Well Results A Drain on Permian Production
Permian Basin pure-play Laredo Petroleum Inc. reported disappointing initial results for a package of wells that went online late in the second quarter, but management expressed a more encouraging outlook for nearby wells. “In the second quarter, we completed 11 wells and drilled seven wells,” COO Karen Chandler told analysts during the recent earnings call.…
August 17, 2022
Magnolia Sets Records with Austin Chalk, Eagle Ford Strategy
Management at Magnolia Oil and Gas Corp. said sticking to the South Texas-focused independent’s game plan resulted in an exceptional second quarter. CEO Steve Chazen said Magnolia, in its fourth year as a publicly held exploration and production (E&P) company, operates on a tried-and-true business model. “We have consistently executed our strategy, which prioritizes disciplined…
August 16, 2022
Natural Gas, Oil Industry-backed Louisiana CCS Law Builds Case for Renewable Diesel Project
A new Louisiana carbon capture and sequestration (CCS) law should benefit the state’s renewables as well as natural gas and oil sectors, industry officials told NGI. Act 163, which took effect Aug. 1, provides extra carbon dioxide (CO2) “reservoir storage security” in Caldwell Parish, reported Strategic Biofuels LLC. The firm plans to develop the Louisiana…
August 15, 2022
Repsol Considers Reviving LNG Export Project from Atlantic Canada’s Canaport Terminal
Several years after the proposal was shelved, Repsol SA may revive a plan to export natural gas from its Atlantic Canada LNG import terminal. The Spanish-based energy major’s executive team discussed the potential to move liquefied natural gas (LNG) from Atlantic Canada to overseas markets during the second quarter earnings call. “We have met authorities…
August 11, 2022
Comstock Fights High Diesel Costs in Haynesville with Natural Gas Fracturing Fleet
Haynesville Shale-focused Comstock Resources Inc. is combating high diesel costs in its completions with natural gas-fueled hydraulic fracturing fleets, management said Tuesday. In April, the Frisco,TX-based independent deployed its first BJ Energy Solutions Titan gas-powered fracturing fleet. The deployment subsequently cut completion costs 15% versus a conventional diesel-fueled fleet on the first two well pads,…
August 4, 2022
DTE Energy Natural Gas-Fired Plant Startup Marks Step in Coal Power Phase-out
By starting up a new natural gas power plant during the second quarter, DTE Energy was able to retire two coal-fired power plants in its Southeast Michigan service area, management said last week. “We continue our journey of transitioning to a clean energy future, highlighted by putting our new natural gas plant in service, on…
August 3, 2022
Cenovus Chief Urges Less Aggressive Canada GHG Targets for Natural Gas, Oil Producers
Framing the Canadian government’s goals for cutting greenhouse gas (GHG) emissions from fossil fuel production as too much, too soon, management at Cenovus Energy Inc. expressed doubts about how workable the system would be for natural gas and oil producers. “I am very worried that if we remain on this path, it could lead to…
August 1, 2022
UGI to Buy RNG from Archaea in Multiyear Deal
Pennsylvania-based natural gas and electric utility UGI Utilities Inc. plans to buy 331,785 MMBtu/year of renewable natural gas (RNG) sourced from an in-state Archaea Energy Inc. facility under a sales and purchase agreement. “This is our second term agreement signed with a U.S. utility, and we are excited to be expanding our partnerships with entities…
August 1, 2022