Newsletter No. 129
Good afternoon,
Let's jump right in this week and take a look at what’s happening in the oil and gas industry, along with some updates from King.
This Week's Headlines
- $1.8B Deal to Expand Texas LNG Exports
- U.S. Energy Moving Forward with Montana Gas Project Despite Losses
- Venture Global Beats Shell in LNG Contract Dispute
- Chevron’s New Drilling Method Saves Time and Money in Texas Oil Fields
- BKV Expands Lead in Barnett Shale with $370M Deal
- Two Conversations You Won't Want to Miss This Month
- From Wall Street to Family Wealth on the Latest The Jay Young Show
Oil and Gas News
$1.8B Deal to Expand Texas LNG Exports
NextDecade has lined up $1.8 billion from TotalEnergies and Global Infrastructure Partners to expand its Rio Grande LNG plant in Texas. The project, awaiting federal approval, will boost U.S. LNG exports and open new revenue streams for Texas energy producers.
U.S. Energy Moving Forward with Montana Gas Project Despite Losses
U.S. Energy lost $6.1 million in the second quarter of 2025, but is speeding up work on its big Montana gas project called Kevin Dome. This site holds large amounts of carbon dioxide and helium, which the company plans to start selling in 2026. The gas can be used for things like carbon storage and oil recovery. So far, three wells have been drilled, producing high-quality gas, and construction on processing facilities will start later this year.
 |
|
Source: Big Sky Carbon Sequestration Partnership |
Venture Global Beats Shell in LNG Contract Dispute
Venture Global won an eight-month legal fight against Shell over gas sales from its Calcasieu Pass plant. The ruling backed Venture Global’s claim that it didn’t have to sell to long-term customers while the plant was still being tested in 2022, allowing it to sell on the more profitable spot market instead.
Chevron’s New Drilling Method Saves Time and Money in Texas Oil Fields
Chevron is using a faster drilling method called “triple-frac” that cracks three wells at once instead of one or two. They started trying it in 2024 in the Permian Basin and used it on about a quarter of their wells. This year, they plan to use it on almost half. The new method speeds up work by about a quarter and cuts costs by more than 10% per well, helping Chevron pump oil more efficiently.
Moves to Watch
BKV Expands Lead in Barnett Shale with $370M Deal
BKV is buying oil and gas assets from Bedrock Energy Partners for $370 million to strengthen its position as the biggest producer in the Barnett Shale area of Texas. The deal gives BKV more land, hundreds of active wells, and new drilling spots, which will boost its gas production and reserves. The purchase should be completed later this year, with part of the payment in BKV stock and the rest covered by a bank loan.
Happening at King
From Wall Street to Family Wealth on the Latest The Jay Young Show
This week, my co-host Jordan Soto and I talked with Avneet Kaur and Puja Sohi from Core Family Office about how they help families protect and grow their money for the long haul. We shared stories from their time on Wall Street, why it’s smart to get expert help after a big payday, the mistakes even high earners make, and how giving back can be part of a winning strategy. Watch the full episode below. You can also subscribe to the channel on YouTube, Rumble, or your favorite podcast platform.
 |
Have questions about oil and gas, alternative investing or tax strategies in oil and gas?
Please include your question on the form and we will do our best to get them answered in a weekly market update.
| Fill Out Form |
If you'd like to talk to someone about King and are an accredited investor, you can fill out your information here or schedule a Zoom conversation with one of our SVPs here and someone will reach out.
All the best,
Jay
