Oil, Gas and Shale
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Tellurian to Acquire EnSight’s Haynesville Shale Assets for $125 Million

July 18, 2022

Tellurian, through its wholly owned subsidiary Tellurian Production (TPC), has agreed to acquire natural gas assets located in the Haynesville Shale for $125 million. Haynesville Shale constitutes a Jurassic Period rock formation that lies beneath large areas of southwestern Arkansas,

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VAALCO to Acquire Canada’s Transglobe Energy in $307 Million Deal

July 18, 2022

U.S.-based VAALCO Energy has signed a definitive agreement to acquire Canadian oil and gas explorer TransGlobe Energy in an all-stock deal valued at $307 million. Under the terms of the agreement, VAALCO will buy each TransGlobe share for 0.6727 of

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Momentum Midstream to Acquire Texan Pipeline Assets of Midcoast Energy for $1.3 Billion

July 18, 2022

Momentum Midstream, a Texan midstream energy company, is reportedly set to acquire pipeline assets of Midcoast Energy in the East Texas area for $1.3 billion, including debt. The assets are part of the Haynesville shale, reported Reuters, citing undisclosed sources

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DOE Launches $2.6 Billion Funding Programs to Slash Carbon Emissions

July 18, 2022

The Biden-Harris Administration, through the U.S. Department of Energy (DOE), issued Notices of Intent to fund two programs that will advance carbon capture demonstration projects and expand regional pipeline networks to transport carbon dioxide (CO2) for permanent geologic storage or

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API Releases New Video Urging Biden to Tour American Energy Sites

July 15, 2022

As President Biden prepares to meet with Saudi officials today, the American Petroleum Institute (API) released a new video once again inviting the president to visit American energy sites and support the American producers who are poised to meet the

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Newlight and CNX Enter Agreement to Capture Methane Emissions for Production of Aircarbon

July 15, 2022

Newlight Technologies and CNX Resources have entered into a 15-year agreement to capture and utilize methane emissions for the production of Aircarbon®, a naturally-occurring molecule also known as PHB that replaces plastic but is carbon-negative and biologically degrades in natural

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ConocoPhillips Acquires Stake in Texas LNG Project from Sempra

July 15, 2022

ConocoPhillips has made a potentially significant expansion of its global liquefied natural gas (LNG) business through investment in a new large-scale LNG facility under development by Sempra Infrastructure, a subsidiary of Sempra, in Jefferson County, Texas. ConocoPhillips has entered into

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DOE to Issue Funding for R&D Projects to Reduce Methane Emissions Across Oil and Natural Gas Regions

July 14, 2022

The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM), Division of Methane Mitigation Technologies, released its intent to issue funding for research and development (R&D) projects that will help to reduce methane emissions across oil

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Varel Energy Solutions Acquires Sledgehammer Oil Tools

July 14, 2022

Varel Energy Solutions (VES) has acquired Sledgehammer Oil Tools, an international leader in the supply of oilfield casing, cementing and completion products. This transaction further strengthens VES’s robust portfolio of casing and cementing products, fueled by the legacy brand of

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DOE Awards Contracts for Additional Crude Oil Sales from Strategic Petroleum Reserve

July 13, 2022

The U.S. Department of Energy (DOE) has awarded contracts for the purchase of crude oil from the Strategic Petroleum Reserve (SPR) following a notice of sale announced on June 14, 2022. The contract awards are part of President Biden’s announcement

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