Oil, Gas and Shale
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Integrated Power Services Acquires Tampa Armature Works

July 12, 2022

Integrated Power Services (IPS) has acquired Tampa Armature Works, Inc. (TAW). The sale includes all eleven TAW locations serving customers in the Southeastern U.S., Caribbean, South America, and internationally. TAW’s four divisions — service centers, power wystems, custom equipment, and

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Freehold Royalties to Acquire U.S. Midland Basin and Eagle Ford Basin Assets for C$155 Million

July 11, 2022

Freehold Royalties Ltd. has entered into definitive agreements with two private sellers to acquire high-quality U.S. mineral title and royalty assets located in the Midland basin predominantly in Howard County, Texas for C$123 million and in the Eagle Ford basin

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Haymaker Acquires Large-scale Portfolio Valued Over $100 Million

July 11, 2022

Haymaker Minerals & Royalties III acquired a “large-scale diversified mineral portfolio” in partnership with Denham Capital and its affiliates, the Houston-based company said July 6. According to a company release, affiliate H3 Minerals LLC closed the acquisition of a portfolio

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U.S. Drillers Add Oil and Gas Rigs for Fourth Time in Five Weeks

July 11, 2022

U.S. energy firms last week added oil and natural gas rigs for the fourth time in five weeks amid high crude prices although the growth in rigs has been small and crude production has been slow to recover to pre-pandemic

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Energy Transfer Natural Gas Pipeline Explodes Near Houston, Texas

July 8, 2022

An Energy Transfer natural gas transmission pipeline exploded on Thursday, setting off a two-hour fire in a rural area on the west edge of Houston, according to state and local officials. The blaze was extinguished at about 12:10 p.m. CDT

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Kinder Morgan’s Tennessee Gas Pipeline Receives FERC Approval

July 7, 2022

Tennessee Gas Pipeline Company, a subsidiary of Kinder Morgan, received approval for its producer certified gas (PCG), or responsibly sourced gas (RSG), aggregation pooling service from the Federal Energy Regulatory Commission (FERC). The PCG aggregation pooling service is now available

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S.T.L. Resources Outmaneuvers Rival Bidders to Snag Bankrupt Tilden Marcellus

July 7, 2022

After a touch of courtroom drama, S.T.L. Resources has emerged as the owner of 24,000 net mineral acres in the Marcellus Shale from bankrupt Tilden Marcellus, according to court records and a June 28 press release. S.T.L. Resources initially appeared

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Ovintiv to Sell Noncore Bakken, Uinta Assets for $250 Million

July 7, 2022

Ovintiv Inc. agreed on July 6 to sell portions of its assets located in the Bakken and Uinta basins for total proceeds of roughly $250 million, which will be used to accelerate doubling of shareholder returns. “These transactions continue our

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DOI Invites Public Comment on Proposed Five Year Program for Offshore Oil and Gas Leasing

July 6, 2022

As the second step in a three-step planning process, the Department of the Interior issued the Proposed Program for the National Outer Continental Shelf Oil and Gas Leasing Program (National OCS Program) for years 2023-2028. “Today, based on my team’s

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EPA Administrator Regan Issues Statement on West Virginia v. Environmental Protection Agency

July 6, 2022

In response to the Supreme Court ruling in West Virginia v. Environmental Protection Agency, EPA Administrator Michael S. Regan issued the following statement: “As a public health agency, EPA’s number one responsibility is to protect people’s health, especially those who

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