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Mountain Valley Pipeline Seeks New Appellate Court Panel to Hear Legal Challenges
June 7, 2022
Unhappy with the way it has been treated by a three-judge panel of an appellate court, Mountain Valley Pipeline is asking for a new slate of judges to hear the next round of its long-running legal battle with environmentalists. In
Biden’s Sue & Settle Tactics on Oil & Gas Leases Mean Higher Energy Prices
June 7, 2022
U.S. Senator John Barrasso (R-WY), ranking member of the Senate Committee on Energy and Natural Resources (ENR), issued the following statement regarding the Biden administration’s sue and settle tactics, that will reopen procedural environmental reviews on over 2,000 Wyoming oil
Canes Midstream Closes Acquisition of Cogent Midstream
June 3, 2022
Canes Midstream, a Dallas-based portfolio company of EIV Capital and Denham Capital, has closed on the acquisition of Cogent Midstream. The Cogent assets, located in the Southern Midland Basin, include 520 million cubic feet per day of processing capacity, over
Saipem Sells Onshore Drilling Business to KCA Deutag for $550 Million
June 3, 2022
Italian energy services group Saipem said on Wednesday it had agreed to sell its drilling onshore business to British-based oil drilling contractor KCA Deutag (KCAD) for $550 million. As part of the deal — which takes the Italian company further
EOG Resources Says Natgas Markets Facing ‘Structural Change’
June 3, 2022
Global natural gas markets are going through a “structural change”, Ezra Yacob, chief executive officer of EOG Resources said on Wednesday, pointing to fuel switching and energy shortages in Europe that have highlighted the need for fossil fuels. Gas prices
ExxonMobil to Sell Barnett Shale Assets for $750 Million
May 31, 2022
ExxonMobil said it signed an agreement with subsidiaries of BKV Corporation for the sale of operated and non-operated Barnett Shale gas assets in Texas for $750 million with additional payments contingent on future natural gas prices. “We are focused on
HighPeak Energy to Acquire Hannathon Permian Properties for $373.4 Million
May 31, 2022
HighPeak Energy has entered into an agreement to acquire the Howard County assets of Hannathon Petroleum and other non-operated working interest owners. HighPeak currently owns non-operated working interest in approximately 60 percent of the acquired gross acreage position. Purchase consideration
Diversified Energy Acquires Ohio-based Nick’s Well Plugging
May 31, 2022
Diversified Energy Company has acquired privately held Nick’s Well Plugging, further expanding its internal well-retirement capacity. NWP is a well-established plugging service provider headquartered in Warren, Ohio with a combined 50+ years of oil and gas experience, including plugging oil
Diamondback Energy to Acquire Rattler Midstream for $575 Million
May 31, 2022
Diamondback Energy and Rattler Midstream have entered into a definitive agreement for Diamondback to acquire all of the publicly held common units representing the limited partner interests in Rattler not already owned by Diamondback and its subsidiaries. The agreement provides
Canada in Talks to Accelerate Construction of LNG Export Terminals
May 31, 2022
The Canadian government is in discussion with the companies behind two proposed east coast liquefied natural gas (LNG) export facilities to see how it can speed up the projects and help boost supply to Europe, Natural Resources Minister Jonathan Wilkinson
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