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Repsol Acquires U.S. Shale Oil and Gas Assets from Rockdale Marcellus for $222 Million
January 5, 2022
Spain’s Repsol has bought shale oil and gas assets from U.S. firm Rockdale Marcellus for $222 million, a company spokesperson said, confirming a report from Marketline. Repsol will pay $220 million in cash and assume an additional $2 million in
NextDecade Delays Final Investment Decision for Its Rio Grande LNG Until Second Half
January 5, 2022
U.S. liquefied natural gas developer NextDecade on Monday said a final investment decision for its Rio Grande LNG project would again be delayed, this time until the second half of the year. The $15.7 billion project, which would produce 27
Lime Rock Resources Acquires Abraxas Petroleum’s Williston Basin Assets for $87.2 Million
January 4, 2022
Abraxas Petroleum Corporation announced the cash sale of its Williston Basin assets to Lime Rock Resources for $87.2 million. In addition, the company announced the repayment of all of its revolving credit facility and the exchange of its entire second
Southwestern Energy Completes Acquisition of GEP Haynesville
January 4, 2022
Southwestern Energy Company has closed the acquisition of GEP Haynesville. The transaction builds further scale in the Haynesville, deepens the company’s inventory, improves key financial metrics, including margins, returns and per-share ratios, fortifies SWN’s financial strength, and enhances the company’s
Archaea Energy Takes Its Project Assai Renewable Natural Gas Facility Online, Pennsylvania
January 4, 2022
Archaea Energy has successfully started Project Assai, an RNG facility located at the Keystone Sanitary Landfill in Dunmore, Pennsylvania. Pipeline-quality RNG has been produced and commercial operations were achieved on December 30, 2021. Assai is now the highest capacity operational
Select Energy Services to Acquire Nuverra Environmental Solutions for $45 Million
January 3, 2022
Select Energy Services has entered into an agreement to acquire Nuverra Environmental Solutions for total consideration of approximately $45 million. The transaction was unanimously approved by each of Select’s and Nuverra’s board of directors and is expected to close in
Energy Transfer Ordered to Pay Williams $410 Million for Abandoning Merger
January 3, 2022
A Delaware judge ordered oil pipeline operator Energy Transfer to pay rival Williams Cos $410 million for abandoning their $33 billion merger, one of the largest transactions to fall victim to sinking oil prices. In a 95-page decision on Dec.
DOE Awards Additional Strategic Petroleum Reserve Exchange Barrels to Bolster Fuel Supply Chain
January 3, 2022
The U.S. Department of Energy (DOE) approved a third exchange of two million barrels of crude oil for release to ExxonMobil from the Strategic Petroleum Reserve (SPR). This release falls under the authorization published in the DOE announcement on November
Aker BP and Lundin Energy to Merge in $14 Billion Deal
January 3, 2022
Norway’s Aker BP will buy the oil and gas business of Sweden’s Lundin Energy, forming the second-largest listed petroleum firm on the Norwegian continental shelf, the two companies said on Tuesday. The cash and stock transaction values the acquired assets
Merry Christmas and Happy New Year!
December 22, 2021
As the Holiday Season is upon us, we find ourselves reflecting on the past year and those who have helped shape our business in a significant way. Our thoughts turn gratefully to those who have made our progress possible. We
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