Oil, Gas and Shale
Advertisement




Advertisement




Advertisement




Advertisement




Advertisement




Advertisement




NEWS Click on text to read news by category: General | Product | People | Worldwide

Independence Energy and Contango Oil and Gas Complete Merger, Forms Crescent Energy Company

December 20, 2021

Crescent Energy Company has completed the combination of Independence Energy and Contango Oil & Gas Company, creating a premier, diversified and well-capitalized U.S. energy company focused on consolidation. Crescent’s investment approach will build on a long track record of prioritizing

Read more...

Earthstone Energy to Acquire Chisholm Energy’s Northern Delaware Basin Assets for $604 Million

December 20, 2021

Earthstone Energy has entered into an agreement to acquire the assets of privately held Chisholm Energy Holdings located in the northern Delaware Basin of New Mexico. Chisholm is majority owned by Warburg Pincus and its affiliates. “The Chisholm Acquisition caps

Read more...

Diversified Energy Completes Tapstone Acquisition

December 20, 2021

Diversified Energy Company has closed on its acquisition of Oklahoma-based Tapstone Energy Holdings. The transaction consists of certain upstream assets, field infrastructure, equipment and facilities. Oaktree Capital Management completed its co-investment in the acquisition. “As we close our fourth acquisition

Read more...

Northern Oil and Gas Promotes COO Adam Dirlam to President

December 20, 2021

Northern Oil and Gas’ chief operating officer, Adam Dirlam, has been promoted effective immediately to serve as president. “During an incredibly transformational year for our company, it has become clear that Adam is ready and deserving of the role of

Read more...

Cenovus Energy to Sell Tucker Thermal Assets for $800 Million

December 17, 2021

Cenovus Energy has reached an agreement to sell its Tucker thermal asset for total cash proceeds of $800 million. Proceeds from this transaction will further accelerate the company’s reduction of net debt and enhance its capacity to increase shareholder returns.

Read more...

FERC Proposes $40 Million Civil Penalty for Energy Transfer’s Rover Pipeline

December 17, 2021

The U.S. Federal Energy Regulatory Commission on Thursday ordered Energy Transfer Partners and its Rover Pipeline unit to explain why the company should not pay a $40 million civil penalty for alleged violations during construction of a 711-mile-long (1,144-km) interstate

Read more...

EIA: Permian Oil Output Forecast to Hit Record High in January

December 17, 2021

The largest U.S. shale basin’s output will surge to a record in January, according to a monthly forecast from the U.S. Energy Information Administration on Monday. Crude output from the largest U.S. shale basin, the Permian basin of Texas and

Read more...

EnCap’s Affiliate Paloma Partners to Acquire Goodrich Petroleum for $480 Million

December 16, 2021

Goodrich Petroleum Corporation has entered into a definitive merger agreement to which a subsidiary of Paloma Partners VI Holdings, an affiliate of EnCap Energy Capital Fund, will commence a tender offer to acquire all of Goodrich’s outstanding common shares for

Read more...

ConocoPhillips Completes Acquisition of Shell’s Delaware Basin Assets for $9.5 Billion

December 15, 2021

ConocoPhillips has completed its acquisition of Shell Enterprises’ prolific Delaware basin position for $9.5 billion in cash. After customary closing adjustments, cash paid for the acquisition is approximately $8.6 billion. The assets include ~225,000 net acres and producing properties located

Read more...

Chevron to Increase Spending on New Oil and Gas Projects by 20%

December 15, 2021

U.S. oil producer Chevron on Wednesday said it plans to increase spending on new oil and gas projects next year by 20% while also raising its shareholder returns. Major oil companies are responding to a jump in profits this year,

Read more...

Advertisement




Advertisement




Advertisement




Advertisement




Advertisement




Advertisement