magnolia

Houston-based exploration and production outfit Magnolia Oil & Gas Corp. saw efficiency gains in the third quarter while also moderately boosting production from its Eagle Ford Shale and Austin Chalk assets in South Texas. Third quarter production grew 1% sequentially to 82,700 boe/d.  The company operates two drilling rigs and one completion crew. One rig…

Glenfarne Energy Transition LLC is seeing strong interest in its Texas LNG project and expects to make announcements soon demonstrating how close the project is to being sanctioned, said Adam Prestidge, head of legal and corporate affairs for the company’s natural gas business. He told NGI those announcements should then provide more momentum for the…

Magnolia Oil and Gas Corp. may be at the beginning of a year-long surge in production growth after a strong showing in the first three months of the year in the Eagle Ford Shale and Austin Chalk formation. The Houston-based independent previously launched development programs for parts of its South Texas assets, including the Giddings…

The global liquefied natural gas (LNG) supply glut, exposure to European pipeline gas price risk and Asian gas price controls make it difficult for U.S. export project developers to sign long-term deals indexed to Henry Hub prices, according to an industry executive. Potential customers are “looking at a current price scenario of $4.00-5.00/MMBtu and we’re…

FERC has given the proposed Magnolia liquefied natural gas (LNG) export project near Lake Charles, LA, and an associated Kinder Morgan Inc. pipeline expansion five additional years to be placed in service because of the difficulty in securing long-term customers to finance the project. The 8.8 million metric ton/year (mmty) project and the so-called Lake…

The developer of a Gulf Coast liquefied natural gas (LNG) project that would be part of the so-called second wave buildout is seeking more time from FERC to build the export facility, citing difficulty in securing long-term offtake agreements with international customers. New York City-based Glenfarne Group LLC told the Federal Energy Regulatory Commission on…

New York City-based Glenfarne Group LLC hopes to fund both of its U.S. Gulf Coast LNG export projects by the end of 2021, founder Brendan Duval told NGI. Glenfarne earlier this month closed on the acquisition of the 8.8 million metric tons/year (mmty) Magnolia LNG export project near Lake Charles, LA, from Australia’s Liquefied Natural…

Liquefied Natural Gas Ltd. (LNGL) has finally closed on the sale of its proposed 8 million metric tons/year (mmty) export project in Lake Charles, LA, after two previous deals fell through.

Liquefied Natural Gas Ltd. (LNGL) has lined up yet another deal to sell some assets after a transaction with Global Energy Megatrend Ltd. fell through this week.