European and US Natural Gas Prices Rise On Supply Shortage Fears - Seite 2

NG Energy's focus on natural gas puts the company in a strategic position to gain from the global energy transition towards renewable energy, while tapping into Colombia's premium-priced gas market. For more information on NG International Corp. (TSXV:GASX) (OTCQX:GASXF), click here.

Natural Gas Companies Prioritize Shareholder Value

Camber Energy (NYSEAmerican: CEI), a provider of custom energy solutions to commercial and industrial organizations, secured an exclusive IP license for a patented carbon capture system. This UP acquisition will position the company as a leader in helping other companies meet their power generation needs while reducing their carbon footprints in compliance with regulatory requirements. Through the IP agreement, Camber Energy will have access to ESG Clean Energy LLC's patent rights and knowledge in stationary electric power generation and the use of heat in capturing carbon dioxide.

Callon Petroleum Company (NYSE: CPE) is accelerating its value to shareholders with the acquisition of Primexx Energy Partners. The company announced an agreement to acquire the leasehold interests and gas, oil, and infrastructure assets of Primexx, a private oil and gas company in the Delaware Basin. Through the agreement, Callon Petroleum will be positioned to deliver long-term value to shareholders while strengthening its financial position. This acquisition also supports the company's development projects within the Delaware basin with Primexx's infrastructure bringing an additional 300 identified core net locations.

Ecopetrol (NYSE: EC) reported a 10.2% increase in its natural gas production in the first half of 2021 and a net income of COP 9.4 trillion, making it the best quarter yet for Ecopetrol Group. The company also strengthened its position in the Asian market with the incorporation of a company in Singapore. On the exploration front, the company completed drilling 8 wells in the first half of 2021 with cumulative production of 908,535 for the exploratory assets.

In an update to its Clearwater appraisal program, Baytex Energy Corp. (TSX:BTE) announced that the program exceeded the company's expectations with the high production results. The program increased its production from zero in January 2021 to more than 2,300 bbl/d in August. The company also expanded its partnership with the Peavine Metis Settlement increasing its positions to 80 contiguous sections. The company also has plans to drill an additional two clear water wells later this year and expand 12-18 wells in 2022.