magnolia

FERC Staff Issues Supplemental EIS for Magnolia LNG Capacity Project

FERC Staff Issues Supplemental EIS for Magnolia LNG Capacity Project

FERC staff has issued a final supplemental environmental impact statement (SEIS) for a proposal by Magnolia LNG LLC to increase to 8.8 million metric tons/year (mmty) the liquefied natural gas (LNG) production capacity of the previously authorized Magnolia LNG Project in Calcasieu Parish, LA.

January 27, 2020

W&T Snaps Up Stakes in Deepwater Magnolia Field from ConocoPhillips

Houston-based W&T Offshore Inc. has become the operator and majority owner of the Magnolia field in the deepwater Gulf of Mexico (GOM) in a $20 million acquisition from ConocoPhillips.

December 24, 2019

Magnolia Boosting 2018 Production Guidance, Eyeing Second Rig in Giddings Field

Houston-based Magnolia Oil & Gas Corp. is raising its full-year 2018 production guidance to 53,000 boe/d from its previous 50,000 boe/d estimate, as a result of its strong results in South Texas, management said Tuesday.

November 14, 2018

Sino-U.S. Trade War Delays FID for Magnolia LNG to 2019

The Australian company interested in building a liquefied natural gas (LNG) export terminal adjacent to the Calcasieu Ship Channel in Lake Charles, LA, said it will delay a final investment decision (FID) until the first half of 2019, citing the ongoing Sino-U.S. trade war.

October 30, 2018

Magnolia Grabs More Eagle Ford Property in Deal with Harvest

Magnolia Oil & Gas Corp. on Tuesday agreed to buy nearly all of Harvest Oil & Gas Corp.’s South Texas assets in a cash-and-stock deal, a package of properties that CEO Steve Chazen called “a natural fit” for the new Eagle Ford Shale pure-play.

August 21, 2018
South Texas Giddings Field Results Above Expectations, Says Chazen

South Texas Giddings Field Results Above Expectations, Says Chazen

Houston-based TPG Pace Energy Holdings Corp., an energy-focused special purpose acquisition entity led by former Occidental Petroleum Corp. CEO Steve Chazen, on Tuesday said first quarter production from the Giddings field in South Texas exceeded forecasts.

May 15, 2018

TPG Pace Strikes $2.7B Partnership with EnerVest to Form Eagle Ford Pure-Play

TGP Pace Energy Holdings Corp., led by former Occidental Petroleum Corp. (Oxy) CEO Stephen Chazen, on Tuesday clinched a partnership with EnerVest Ltd. to form South Texas pure-play Magnolia Oil & Gas Corp.

March 20, 2018

Magnolia LNG Gets FERC Go-Ahead; Project FID Pending

Liquefied Natural Gas Ltd.’s (LNGL) Magnolia LNG LLC has been cleared by FERC to begin initial site preparation for its planned liquefied natural gas (LNG) export terminal in Lake Charles, LA.

May 8, 2017

DOE OKs Non-FTA Exports by Magnolia LNG, Carib Energy

The U.S. Department of Energy (DOE) last week granted non-free trade agreement (FTA) liquefied natural gas (LNG) export authority for the Magnolia LNG project, which is planned for Lake Charles, LA.

December 5, 2016

FERC OKs Magnolia LNG Terminal For Louisiana

Liquefied Natural Gas Ltd. (LNGL) subsidiary Magnolia LNG LLC has received FERC authorization to site, construct, and operate its proposed liquefied natural gas (LNG) export terminal in Lake Charles, LA.

April 18, 2016