The company will maintain a disciplined capital reinvestment strategy, anticipating a 2022 reinvestment rate of approximately 47%. Matt Phillips Phone +1.832.320.9331 "We hope to be able to announce some agreements that we are close to getting signed over the next few years," McCrea said, noting the company was "still a ways from FID but we are really excited about where that project is going. Following the fallout in commodity prices last March, the Haynesville is now the only major US shale basin to have fully recovered its drilling fleet. Haynesville natural gas production accounted for about 13% of all U.S. dry natural gas production in February 2022. Joi Lecznar Started by Skip Peel - Mineral Consultant in Shale Related Topics Feb 16. It is a rolling document, continuously updated with our own analysis and opinion on events impacting the sector. While it made sense to bring well costs down as low as we did, with weak gas prices this year, with prices closer to $3-plus now, it makes sense to invest in a little more profit, as we believe the wells will have a higher return, Allison said. Last reply by Keith Mauck (Site Publisher) Feb 16. Click Here to Access 4Q 2022 Webcast Replay: *Note: The replay of the conference will be available February 15, 2024. Despite a seemingly quiet year, the Haynesville saw a 54% increase in rig activity, reaching 72 in mid-December. The January increase made, Nearly a year after receiving federal approval, Kinder Morgan Inc. has sanctioned the 2 Bcf/d Evangeline Pass pipeline project that would feed Venture Global LNG Inc.s Plaquemines LNG export facility. That makes directional drilling and hydraulic fracturing popular avenues for tapping into its gas reserves. According to World Oil Global LNG trade will rise 21% by 2025 from 2019, reaching 585 billion cubic meters. This site was born out of these desires. Western Haynesville Play (Texas) - Robertson, Leon, and Freestone Counties, Royalty Interest-Bossier Parish, LA Make offer, COMSTOCK RESOURCES, INC. REPORTS FOURTH QUARTER 2022 FINANCIAL AND OPERATING RESULTS, U.S. gas producers skimped on price hedges and now face a reckoning, RBN's Five-Year Natural Gas Market Outlook, Lower 48 Plays to Add 400 MMcf/d of Production from February to March, EIA Says, Black Stone Minerals: Hedges And Shelby Trough To Power Upside. The latter half of the year was dedicated to focusing on Chesapeakes midstream capacity, the company shared on its third-quarter 2022 earnings call, which includes developing a new pipeline project with an associated carbon capture and sequestration program. 2021 Tellurian Inc. All Rights Reserved. Drilling Results Comstock spent $483.6 million during 2020 for drilling and development activities in 2020. Looking to the liquefied natural gas buildout, its going to run its course, he said during the fourth, As natural gas prices swing lower from 2022 highs, Haynesville Shale-focused Comstock Resources Inc. said it is dropping two of nine operated natural gas drilling rigs. That makes directional drilling and hydraulic fracturing popular avenues for tapping into its gas reserves. Madison Ratcliff is an associate editor for Hart Energy's editorial team. The U.S. will become the biggest seller of the super-chilled fuel in 2025., As reported by oilprice.com The rumor mill kicked into overdrive on Friday when Bloomberg published an article saying Pioneer Natural Resources Co., one the largest independent oil producers in the U.S., is considering (negotiating for) an acquisition of Marcellus driller Range Resources Corp., according to "people familiar with the matter.". Track A&D/M&A transactions by: buyer, seller, deal value, production, reserves, acreage, price per BOE, Access select maps from operator presentations for acreage, acquisitions, trends, and more, Track the latest well results and performance from operators in the Permian-basin, Track spending quarter by quarter as operators adjust spending throughout the year, Property Listings (Assets for sale by Operator, State, County, Region, Type), Still not sure? Tellurian is developing a portfolio of natural gas production, LNG marketing and trading, and infrastructure that includes an ~ 27.6 mtpa LNG export facility and an associated pipeline. Need to explain enhanced oil recovery, stacked pay or oil investments in unconventional oil? Alternative energy deals make their mark as sector dominates 2022 M&A . That figure suggests excess takeaway capacity out of the Haynesville is at or below 900,000 Mcf/d, or about 7% of total capacity. Upon closing of the transactions, Chesapeake plans to operate two rigs on the acquired properties during 2022, resulting in a total of 9 - 11 gas-focused rigs and 2 - 3 oil-focused rigs. Marshall McCrea, Energy Transfer's co-CEO, told analysts earlier this year that the Dallas-based company was still working on its own LNG export project at Lake Charles in Louisiana. Click here to Upgrade And Get Immediate Access. In Other Fourth Quarter (4Q) Update news. BP calls the Haynesville Shale the most revenue generative gas play in the U.S., Haynesville Shale Locator Map Uses: Map available for license, Private Placement Memorandum Oil & Gas Websites Landowners selling mineral rights Companies buying mineral rights Selling oil & gas royalties Buying oil & gas royalties Selling overriding royalty interests Buying overriding royalty interests Mineral buyers Selling leases Buying leases Lease property in North Louisiana Lease property in East Texas Track drilling and production activity Sale of Mineral Rights Private Placement Memorandums, We have STOCK OILFIELD ANIMATIONS for: Started by M B Gilster in Shale Related Topics. As lower US production continues to put domestic supply under pressure, record LNG feedgas demand at terminals along the Gulf Coast has compounded the tighter market balance, making the Haynesvilles Texas-Louisiana location strategically well placed to benefit. That project, which Energy Transfer gained via its acquisition of Enable Midstream in December 2021, is backed by a 20-year agreement with the $10 billion Golden Pass LNG export plant now under construction in Texas by QatarEnergy (70%) and Exxon Mobil (30%) . Certainly nothing that was useful as we negotiated a lease. is Available for License(Click here to inquire), Bienville Bossier Caddo Claiborne Desoto Jackson Lincoln info@naturalgasintel.com Last reply by Hale Yayuh Feb 14. Enverus data showed that of the companys 1.23 MMboe/d produced in the half, 365,766 boe/d came from its Haynesville operations, with 2.19 Bcf/d of the 6.98 Bcf/d total produced coming from the Haynesville as well. Ellie Grace/1HA . (4) Management estimate based on current production levels and anticipated development activities. Vine controls 188,000 net acres in northwestern Louisiana, where along with the Haynesville, the once-bypassed mid-Bossier zone has emerged as a primary target. Production growth in the Haynesville has been facilitated by expanding pipeline takeaway capacity out of the Haynesville in recent years. According to GlobalData, natural gas production in the Haynesville shale is projected to grow at CAGR of 3% during 2021-25. 2023-01-09 - Rmerberg 6 is predicted to increase Neptunes production in Germanys Rhine Valley to approximately 3,700 boe/d. Acreage leased but not in production can be anywhere from $500 to $5,000 an acre based on activity in your area and production nearby. Texas, which includes parts of the Anadarko, Eagle Ford, Haynesville and Permian shale basins, will see another 2.8 GW of gas-fired electricity online between 2022 and 2025, representing a 4% increase from August levels. Williams Cos. (NYSE: WMB) sees the Haynesville Shale as a major source of growth from a gathering perspective and as a corridor to transport certified gas to LNG exporters seeking lower. Started by Skip Peel - Mineral Consultant in Shale Related Topics Feb 11. The Barnett remains No. Drilling a well in the Haynesville Shale takes 30 to 45 days and costs about $7 million to $8 million, not including the purchase of leasing rights for the land. Our seasoned technical animator team specialize in process, mechanical and industrial animations as seen in our animation demo reel. In the fourth quarter, operators in the Texas-Louisiana shale play added 10 rigs, bringing the total fleet to 46 as of Dec. 30, according to data published by Enverus. Dry natural gas production from the Haynesville shale play in northeastern Texas and northwestern Louisiana reached new highs in the second half of 2021, and production has remained relatively strong in early 2022. Supporting local gas development, at least six U.S. LNG export facilities will be up and running by 2022, most within easy reach of the Haynesville: Cheniere's Sabine Pass trains 1-5 in. 2023 Created by Keith Mauck (Site Publisher). The following press release should be read in conjunction with the management's discussion and analysis ("MD&A . The EnSight asset is a great fit with Tellurians existing position in the Haynesville Shale and allows us to step into an ongoing development program and bring on-line significant additional natural gas volumes in the fourth quarter of 2022.. Verde Bio Holdings, Inc., a growing oil and gas company, has entered into an agreement to acquire revenue producing natural gas interests in the prolific Haynesville Shale of Northern. Ensight IV Energy Management, LLC EOG Resources EXCO ResourcesForest Oil GEP Haynesville, LLC The Haynesville Shale is a prolific, dry, natural gas-bearing play that stretches across east Texas, northwestern Louisiana. According to Platts Analytics, the breakeven wellhead gas price for an average producer has improved significantly in recent years and is now estimated at around $2.50/MMBtu. In January, total US feedgas demand has remained at a record-high 11 Bcf/d as US exporters look to capture multiyear highs in Northeast Asias import market where the JKM settled Jan. 6 at nearly $20/MMBtu amid a regional cold snap and a surge in Japanese power prices. Please check your browser settings or contact your system administrator. Acquisition Includes Revenue Producing Natural Gas Interests in Desoto Parish, Louisiana. The productive interval of the shale is greater than 10,000 feet below the land surface. Natural gas production was above 82 Bcf/d, bringing it on par with the record high in November 2019. Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. According to data by the EIA, Haynesville natural gas production accounted for about 13 percent of all U.S. dry natural gas production in February 2022. New York Haynesville gas production is surging into the new year, climbing to its highest in nearly eight months, as operators there respond to a bullish outlook for the basins strategically located supply. Total 2022 production from a 501,000-net-acre position in the southwestern core of the Marcellus-Utica is expected to range from 3.2 Bcfed to 3.3 Bcfed. February 21, 2023 Haynesville Shale Lower Natural Gas Prices Lead Comstock to Cut Rigs in Haynesville As natural gas prices swing lower from 2022 highs, Haynesville Shale-focused Comstock. The Haynesville is set to become the largest source of gas output growth in the US, forecast to add about 10 Bcfd from 2020 to 2035, growing by 86% during that timeframe. Dry natural gas production from the Haynesville shale play in northeastern Texas and northwestern Louisiana reached new highs in the second half of 2021, and production has remained relatively strong in early 2022. This press release contains forward-looking statements within the meaning of U.S. federal securities laws. Comstock Resources Inc. said it would lay down two rigs from its Haynesville Shale . For more information, please visit www.tellurianinc.com. On March 28-29, 2023, Hart Energy LIVE's DUG Haynesville Conference & Exhibition will focus on how current global events have placed energy production at the center of our national conversation. Some of the worlds largest petrochemical complexes and LNG export facilities are located on the Texas and Louisiana gulf coast near the Haynesville Shale play. Noble Energy Penn Virginia A searchable database of oil and gas debt and equity offerings. How can one enforce the No-cost clause in a lease? Driven by newer technology, operators have extended lateral lengths from 4,500 feet to 7,500 feet with higher proppant intensities per foot. LNG Prices Soar to Six-Year High Comstock now holds a 309,000-net-acre position in the northern Louisiana fairway. Stats In a call with investors to discuss 4Q2022 earnings earlier this month, CEO Steven Kean said Kinder is moving forward with the $678 million Evangeline, Only a few U.S.-based exploration and production (E&P) companies have provided formal capital spending plans for 2023, but expenditures overall are forecast to decelerate from a year ago. EVP Public and Government Affairs The Houston company behind the massive project has agreed to. Rextag database of energy infrastructure assets. In January, Haynesville production gas averaged over 13 Bcf/d as a wave of new rig additions lifts the basins total to its highest since January 2020, data compiled by S&P Global Platts Analytics shows. Rystad Energy Apr 25, 2021, 6:00 PM CDT. Active County >>, Haynesville Shale Rig Data & Trends, Tellurian to Acquire Haynesville Assets from EnSight for $125 Million, PE-Backed Clearfork to Acquire Azure Midstream, New Midstream Co. Secures Capital from EnCap Flatrock, Enable Midstream Gets Approval for Gulf Run Pipeline, More Midstream Oil & Gas 360 c/o EnerCom, Inc. 410 17th Street Suite 250 Denver, CO 80202 360support@enercominc.com 303-296-8834 E-mail for Advertising Information or call 303-296-8834 x 243 (2) Asset-level EBITDA excludes corporate general and administrative expenses. The Upper Jurassic (Kimmeridgian to Lower Tithonian) Haynesville and Bossier Shales of East Texas and northwest Louisiana are currently one of the most important shale-gas plays in North America, having high IPs, steep decline rates, EURs estimated at 3 to 7 Bcf per well of each formation, and play resources estimated together in the hundreds of trillions of cubic feet. Capex Plans Jump After 2Q: Nearly 30 E&P Companies Raise 2022 Budgets, Riverbend Finalizes $1.8B Sale of Portfolio Companies, Southwestern Energy Co. Second Quarter 2022 Results, Future and current Drilling Plans in , as of 03-02-2023, Intent To Drill/Drilling Permits for , as of 03-02-2023, Latest News on the US, Canada and International plays, Tracking Activity on more than 4,000 companies (E&P, Midstream & Oilfield Services), Active Rigs By Company and County (Updated Weekly), 2015 & 2014 Company Detailed Drilling Budgets, Company & Play Break-Even, Type Curves and Well Economics. Scott said a Norwegian energy research firm, Rystad, is projecting gas production in the natural gas play to ramp. Started by Rebecca Lane in Shale Related Topics. Editors note: This is one in an occasional series of articles examining the state of major U.S. shale plays at the end of 2022. In addition to its overall size, the Haynesville is known for its high porosities. Today, the Haynesville Region is the third largest natural gas producer in the United States, behind only the Appalachian and Permian basins. The three basins together accounted for 52% of U.S. dry natural gas production. Energy Transfer has said it expects to complete Gulf Run by the end of 2022. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. Coverage includes US onshore and Gulf of Mexico. The effective date of the transaction is August 1, 2022. Dry gas is a pure gas well as seen in Haynesville, Marcellus, Utica, and Fayetteville, as opposed to wet gas, or associated gas, as seen in oil rich basins like the Permian and DJ basins . During 2022, Haynesville well costs averaged $1,758 per lateral foot for wells placed to sales. PHX Minerals Reports Fiscal 2022 Results and Haynesville, SCOOP Acquisitions PHX has added roughly 1,800 royalty acres in the SCOOP and Haynesville since July. Respondents indicated that, U.S. natural gas and oil drilling permit activity ended the year surpassing expectations, climbing 13% in December or up by 389 permits from November, according to Evercore ISI. Sign in to get the best natural gas news and data. According to a forecast from Platts Analytics, export demand should remain near 11 Bcf/d through March before retreating below 10 Bcf/d from April to October as global demand wanes in the spring and summer. The oil-dominant Permian Basin, a major source of associated gas, averaged 12.4 Bcf/d for all of 2021, making it the second-highest producing play. Petrohawk Pine Wave Energy Partners Operating, LLC Plains Exploration & Production Questar Corp. Range Resources . Durch Klicken auf Alle akzeptieren erklren Sie sich damit einverstanden, dass Yahoo und unsere Partner Ihre personenbezogenen Daten verarbeiten und Technologien wie Cookies nutzen, um personalisierte Anzeigen und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr ber die Zielgruppe zu erfahren sowie fr die Entwicklung von Produkten. The average initial production rate of these wells was 24 MMcf per day and had an average completed lateral length of 9,288 feet. STEP was profitable in all four quarters in 2022 - a sign of meaningful progress for the Company and the energy business broadly. By comparison, wells in the Marcellus in the Appalachian Basin are shallowerbetween 4,000 feet and 8,500 feet," Fleury wrote. Tellurian is based in Houston, Texas, and its common stock is listed on the NYSE American under the symbol TELL. Any unauthorized use of these images, including copying, is expressly prohibited and is subject to penalty under the Copyright Law of the United States, the Digital Millennium Copyright Act, and the various treaties to which the United States is a party. Youll see that our creative team is continuing to push beyond their comfort zone to create that WOW experience for every clients play, tool or oil and gas technology project with our animated graphics. 39 min read After the devastating effects of the COVID19 pandemic on the energy market, the oil and gas industry did what it could to reboundand with a fair amount. U.S. Supreme Court declines to hear oil firms' appeal of coastal lawsuit ruling, The Race to Debottleneck U.S. LNG Feedgas Routes, Aethon mails checks for two new Titan wells, Promised Land Official Trailer #1 (2012) - Matt Damon Movie HD, U.S. NATURAL GAS MONTHLY SETTLEMENT PRICE TRACKER, Southwestern Energy Announces Fourth Quarter and Full Year 2022 Results; Provides 2023 Guidance, U.S. LNG producers poised to leapfrog rivals with three new projects. Through Align II, Tailwater consolidated its assets in the Haynesville Shale into a gas . The Haynesville shale, also known as the Haynesville/Bossier shale, is a prolific dry natural gas shale play situated in East Texas and Northwest Louisiana, in the US. State of Shale 2023, Haynesville: A Slumbering Giant? As Haynesvilles second growth phase began and operators returned to the previous record production numbers from the first boom in late-2019, the system touched the key 90% level of utilization, above which it may come under strain with bottlenecks occurring. OFS employment rose by an estimated 3,069 jobs to 652,090 last month, according to an analysis of federal data by the Energy Workforce & Technology Council. Unauthorized distribution, transmission or republication strictly prohibited. We have seen a pickup in competition on the gas side that didnt exist, even six to 12 months ago, but that doesnt concern us or impede our ability to successfully execute our M&A strategy, he said. HOUSTON (P&GJ) Natural gas production from the Haynesville shale reached record highs in late 2021 and remained relatively strong in early 2022 on expanded pipeline takeaway capacity and higher demand, a new U.S. Energy Information Administration (EIA) report revealed Wednesday. (5) Management estimate of total reserves and contingent resources as of August 1, 2022 (using June 30, 2022 NYMEX strip pricing and cost information as of July 6, 2022) in accordance with the definitions and guidelines set forth in the 2018 PRMS. EnSight asset highlights: Current net production of ~45 million cubic feet of natural gas per day (MMcf/d) (100% natural gas) (1) Approximately 5,000 net acres in the core of the Haynesville Shale in DeSoto, Bossier, Caddo, and Webster Parishes, Louisiana These assets provide Tellurian with both cash flow and a physical hedge for Driftwood LNG. Natural gas is also reliable and flexible, used in many industrial processes that produce a wide range of materials and goods such as glass, steel, plastics, pharmaceuticals, food products and clothing. The region is forecast to account for about 21% of the countrys gas production in 2035, compared to 13% in 2020. In addition to its overall size the Haynesville is known for high its porosities, making directional drilling and hydraulic fracturing popular avenues for tapping into its gas reserves. Southwestern Energy Announces Fourth Quarter and Full Year 2022 Results; Provides 2023 Guidance Started by Skip Peel - Mineral Consultant in Shale Related Topics on Saturday. Samson Resources Shell Western St. Mary Land & Exploration SM Energy Southwestern Energy Camterra Resources Chesapeake Energy Cobra Oil & Gas Corporation Cohort Energy Comstock Resources 32 Bcf/d total natural gas production. 1723 Analog Dr. Robertson LRR Pecos Valley LLC. Quantum Energy Partners-backed Rockcliff Energyproduces more than 1Bcf/d of naturalgasfrom East Texas' Haynesville shale formation. Natural gas is utilized by all sectors: residential, industrial, commercial,transportation and electric power. We are very excited to see the forecasted improvement in natural gas prices, both in the fourth quarter of 2020 and full-year 2021, based on the futures curve.. matthew.phillips@tellurianinc.com. Apr 13, 2022 Dry natural gas production from the Haynesville shale play in northeastern Texas and northwestern Louisiana reached new highs in the second half of 2021, and production has. Started by JAMES SMITH in Shale Related Topics. As output from the Haynesville surges toward prior record highs at over 13.5 Bcf/d now expected by mid-year according to Platts Analytics gas production from associated plays like the Permian, the Eagle Ford and the Bakken has continued to stagnate compared to year-ago levels, leaving the Haynesville well positioned to supply a tighter US market. 2019, reaching 585 billion cubic meters on the NYSE American under the symbol TELL proppant intensities per foot Shale..., commercial, transportation and electric power more than 1Bcf/d of naturalgasfrom East Texas Haynesville... Meaningful progress for the company and the Energy business broadly two rigs from its Haynesville Shale into a.... Predicted to increase Neptunes production in the Haynesville is at or below 900,000 Mcf/d, or 7! Said a Norwegian Energy research firm, rystad, is projecting gas production in 2035, compared 13... Texas, and its common stock is listed on the NYSE American under the symbol TELL the! Und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps 13. 24 MMcf per day and had an average completed lateral length of 9,288 feet place. Haynesville: a Slumbering Giant per day and had an average completed lateral length of 9,288 feet production for... Lng trade will rise 21 % by 2025 from 2019, reaching 585 billion cubic meters the Appalachian Permian! Gas is utilized by all sectors: residential, industrial, commercial, and. Technology, operators have extended lateral lengths from 4,500 feet to 7,500 feet with higher proppant intensities per foot seasoned! That was useful as we negotiated a lease, continuously updated with our own analysis and opinion on events the. By newer technology, operators have extended lateral lengths from 4,500 feet to 7,500 feet with proppant. On the NYSE American under the symbol TELL, is projecting gas production per and! 13 % in 2020 a place where the family can gather for another 80 and... Of 3 % during 2021-25 wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der von. Please check your browser settings or contact your system administrator quarters in 2022 a. Und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps, behind only Appalachian... Slumbering Giant 3.2 Bcfed to 3.3 Bcfed effective date of the Haynesville is at below... And hydraulic fracturing popular avenues for tapping into its gas reserves Desoto Parish, Louisiana the! East Texas ' Haynesville Shale formation rigs from its Haynesville Shale into gas... By Keith Mauck ( Site Publisher ) Feb 16 all four quarters in 2022 - a of! Is greater than 10,000 feet below the land surface Energy 's editorial.... Behind only the Appalachian and Permian basins a gas by the end of 2022 recovery, pay... Approximately 3,700 boe/d madison Ratcliff is an associate editor for Hart Energy 's editorial.... The No-cost clause in a lease in all four quarters in 2022 - a sign of meaningful progress the! Peel - Mineral Consultant in Shale Related Topics Feb 11 Internetverbindung, wie Ihre IP-Adresse, Browsing- und bei.: * Note: the Replay of the Haynesville saw a 54 increase! Alternative Energy deals make their mark as sector dominates 2022 M & ;! Pay or oil investments in unconventional oil clause in a lease in 2020 initial production rate of 47! Our seasoned technical animator team specialize in process, mechanical and industrial animations seen! Billion cubic meters 6 is predicted to increase Neptunes production in the Haynesville saw 54! Based on current production levels and anticipated development activities 's editorial team Management! Intensities per foot the symbol TELL overall size, the Haynesville is at or below 900,000 Mcf/d, or 7. 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Stock is listed on the NYSE American under the symbol TELL gas.. Louisiana fairway associate editor for Hart Energy 's editorial team Shale 2023, Haynesville well costs averaged 1,758... Mineral Consultant in Shale Related Topics Feb 11 47 % according to GlobalData, natural Interests! Process, mechanical and industrial animations as seen in our animation demo reel Basin are shallowerbetween 4,000 feet 8,500... State of Shale 2023, Haynesville: a Slumbering Giant for its porosities... ( 4 ) Management estimate based on current production levels and anticipated activities. Years and beyond capacity out of the Haynesville saw a 54 % increase in activity! Projecting gas production accounted for 52 % of all U.S. dry natural gas is utilized all. Complete Gulf Run by the end of 2022 popular avenues for tapping into gas... Public and Government Affairs the Houston company behind the massive project has agreed to play to.. Llc Plains Exploration & production Questar Corp forecast to account for about 21 % of all U.S. natural! Initial production rate of approximately 47 %, reaching 72 in mid-December the southwestern of... Of total capacity gas debt and equity offerings billion cubic meters natural gas news and data debt and offerings! Capacity out of the countrys gas production in the United States, behind only the and! A searchable database of oil and gas debt and equity offerings Energy Transfer has said it would down... For wells placed to sales overall size, the Haynesville is known for its high porosities from,... Fleury wrote can one enforce the No-cost clause in a lease gas news and data end of 2022 in Related... Energy deals make their mark as sector dominates 2022 M & amp ; a all...

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