Australia's 88 Energy acquires Texas oil, gas assets
Australia's 88 Energy acquires Texas oil, gas assets
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Natural Gas News
Australia's 88 Energy acquires Texas oil, gas assets
Summary
The acquisition expands the company's existing Project Longhorn acreage. by: Shardul Sharma
Australia’s 88 Energy has acquired a further non-operated working interest (WI) in leases and wells within the Permian Basin of Texas, it announced on July 3. The average net work...
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Natural Gas & LNG News, Americas, Asia/Oceania, Corporate, News By Country, Australia, United States
Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.