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EagleClaw to Combine with Apache’s Altus Midstream in All-stock Transaction
November 16, 2021
Altus Midstream Company said it will combine with privately-owned BCP Raptor Holdco in an all-stock transaction. BCP is the parent company of EagleClaw Midstream, which includes EagleClaw Midstream Ventures, the Caprock Midstream, and Pinnacle Midstream businesses, and a 26.7 percent
Diversified Energy to Sell Its Haynesville Acreage for $72.8 Million, Texas
November 15, 2021
Diversified Energy Company has entered into a purchase and sale agreement with Oaktree Capital Management to divest their working interest in certain predominantly undeveloped Haynesville acreage in Texas for estimated total cash consideration at closing of approximately $72.8 million. The
Hyzon Motors and TC Energy Enter Hydrogen Modular Production Hub Development Agreement
November 15, 2021
Hyzon Motors and TC Energy Corporation entered into an agreement to collaborate on development, construction, operation, and ownership of hydrogen production facilities (hubs) across North America. The hydrogen production facilities will be used to meet hydrogen fuel cell electric vehicle
U.N. Climate Agreement Clinched After Late Drama Over Coal
November 15, 2021
U.N. climate talks ended Saturday with a deal that for the first time targeted fossil fuels as the key driver of global warming, even as coal-reliant countries lobbed last-minute objections. While the agreement won applause for keeping alive the hope
Diversified Energy Acquires Tapstone’s Central Region Assets for $419 Million
November 12, 2021
Diversified Energy Company has entered into conditional agreements to acquire certain upstream assets, field infrastructure, equipment, and facilities within the company’s Central Region from Tapstone Energy Holdings. Funds managed by Oaktree Capital Management will make a non-operated working interest investment
Crestwood to Acquire Oasis Midstream Partners in $1.8 Billion Transaction
November 12, 2021
Crestwood Equity Partners and Oasis Midstream Partners have entered into a definitive merger agreement under which Crestwood will acquire Oasis Midstream in an equity and cash transaction valued at approximately $1.8 billion including the assumption of debt. The transaction is
Three-way Merger Creates Civitas Resources, New Denver-based Oil Company
November 12, 2021
Denver oil and gas companies completed a $4.5 billion merger that combined three of the top 10 oil producers in the state into one. Shareholders in Bonanza Creek Energy and Extraction Oil & Gas voted overwhelmingly in favor of the
FERC’s Commissioner Glick Urges Power Plant Owners to Line Up Fuel Supplies as Gas Prices Soar
November 12, 2021
U.S. Federal Energy Regulatory Commissioner (FERC) Richard Glick on Friday urged power generators in the Northeast to buy enough fuel for the winter as global supply shortfalls have caused oil and gas prices to soar. “I implore all entities with
Performance Proppants Add Two New Haynesville Shale Frac Sand Facilities
November 12, 2021
Performance Proppants has reached an agreement to purchase a 1,200 acre deposit in Merryville, Louisiana that contains up to 20 million tons of additional frac sand. The company expects the facility to be fully operational by January 2022. Performance Proppants
Smaller Oil Firms Pay Top Dollar for Permian Land as Large Players Cash Out
November 11, 2021
Large oil companies are racing to sell land in the largest U.S. shale formation as rising crude prices present them with a golden opportunity to jettison unwanted acreage and meet shareholder demands to lower costs, people involved with transactions told
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