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.
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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.
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.
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.
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.
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.
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.
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.
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.