magnolia

Facing Cash Crunch, LNG Developer Sells Interest in Magnolia Export Project

Facing Cash Crunch, LNG Developer Sells Interest in Magnolia Export Project

LNG Ltd. (LNGL) said Tuesday it plans to sell its interest in a proposed liquefied natural gas (LNG) export project in Lake Charles, LA, to Global Energy Megatrend Ltd. for $2.25 million.

May 12, 2020

The Offtake: LNG in Brief

A roundup of news and commentary from NGI’s LNG Insight

May 1, 2020
Magnolia LNG Developer Mulling Buyout by Singapore Firm

Magnolia LNG Developer Mulling Buyout by Singapore Firm

Citing “intense” competition in the race to export liquefied natural gas (LNG) and an urgent need to secure liquidity, Australia-based LNG Ltd. (LNGL) is considering a takeover offer from a private Singapore-based firm that would include two proposed projects for the Gulf Coast and Canada.

March 4, 2020
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
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