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Gulf of Mexico Operator QuarterNorth Energy Explores Potential Sale
September 22, 2022
QuarterNorth Energy, an oil and gas producer in the U.S. Gulf of Mexico, is exploring a potential sale that could value the company at more than $2 billion, including debt. The company is working with an investment bank, reviewing strategic
DOI Goes Against Native Americans in Crackdown on Oil Leasing Near Indigenous Site
September 22, 2022
The Biden administration is expected to soon finalize a rule banning oil and gas leasing near a Native American historical site despite heavy opposition from local Indigenous leaders, who say the administration’s rule would prevent them from collecting royalties on
Fossil Fuel Registry Launched to Help Spot ‘Stranded Assets’
September 21, 2022
Carbon Tracker and Global Energy Monitor said on Monday they had launched the first global registry of oil and gas reserves, production and emissions with data for more than 50,000 fields. The database makes previously disparate or hard-to-access data publicly
U.S. Refiners Eye Canadian Oil Once Strategic Reserve Turns Off Taps
September 21, 2022
U.S. refiners are expected to buy more Canadian oil after the Biden administration ends releases from the Strategic Petroleum Reserve (SPR) this fall, traders said, adding this should boost the price of Canadian barrels at a time of tight global
Cheniere Energy Promotes Corey Grindal to Executive Vice President, COO
September 21, 2022
Cheniere Energy has promoted Corey Grindal to executive vice president and chief operating officer, effective January 2, 2023. Grindal will lead the operations, engineering and construction, shared services, and worldwide trading organizations within Cheniere. Grindal will relocate back to Houston
WhiteWater Midstream and Cheniere Energy JV Approve Construction of ADCC Pipeline, Texas
September 20, 2022
WhiteWater Midstream said subsidiaries of Whistler Pipeline and Cheniere Energy have executed agreements to move forward with the construction of the ADCC Pipeline, which is a new joint venture 42-inch pipeline that is expected to extend approximately 43 miles from
SilverBow Resources Adds New Webb County Position for $50 Million
September 20, 2022
SilverBow Resources has added a new acreage block in the Dorado play of Webb County, Texas. Through a series of transactions, including bolt-on acquisitions, leasing and drill-to-earn agreements, the company has assembled 7,500 net acres with current net production of
Competitive Power Ventures to Build Natural Gas Power Station Utilizing CCS, W.Va.
September 20, 2022
Competitive Power Ventures (CPV) has selected West Virginia for a ~1,800 MW combined-cycle natural gas power station utilizing carbon capture and storage. Following permitting and construction, the project will go into operation later this decade. The project was made possible
DOE Releases Notice of Sale of Additional Crude Oil from Strategic Petroleum Reserve
September 20, 2022
The U.S. Department of Energy’s (DOE) Office of Petroleum Reserves announced a notice of sale of up to 10 million barrels of crude oil to be delivered from the Strategic Petroleum Reserve (SPR) in November 2022. This notice of sale
U.S. Energy Development Corporation Acquires New Permian Basin Assets
September 19, 2022
U.S. Energy Development Corporation (U.S. Energy) has acquired three separate asset packages totaling more than $60 million in the core of the Permian/Delaware Basin region. The new acquisitions involve partnering with highly regarded operators in 17 new wells spanning a
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