Oil, Gas and Shale
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NEWS Click on text to read news by category: General | Product | People | Worldwide

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

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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

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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

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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

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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

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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

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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.

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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

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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

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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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