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Phoenix Capital Group Acquires Bakken Mineral Interests
January 25, 2024
Phoenix Capital Group has acquired nearly 600,000 net mineral acres from AgWest Farm Credit. The assets acquired are spread across four states, with more than 50,000 net mineral acres in the oil-rich counties of Richland and Roosevelt on the Montana
FERC Greenlights Williams’ Texas-to-Louisiana Project, TVA’s 32 Mile Natural Gas Pipeline
January 25, 2024
The Federal Energy Regulatory Commission approved key pipeline projects on Thursday, January 18, during its first open meeting of 2024 — including a high-profile permit for the nation’s largest public power provider, which is seeking to transition away from coal.
Strata Clean Energy Breaks Ground on Battery Storage Project in Phoenix, Arizona
January 25, 2024
Strata Clean Energy celebrated a major milestone for its Scatter Wash battery storage complex in Phoenix, Arizona, with a groundbreaking that included executives from Strata, along with representatives from Arizona Public Service (APS), and other local dignitaries. The 255 MW
Chevron to Put Its Natural Gas Business in Canada’s Duvernay Shale Up for Sale
January 24, 2024
Chevron on Friday said it will put its natural gas business in Canada’s Duvernay Shale for sale as it continues to streamline global operations following several big acquisitions. The assets, which produce about 40,000 barrels of oil and gas a
BOEM Finalizes Revisions to Bid Adequacy Procedures for Oil & Gas Lease Sales
January 24, 2024
The Bureau of Ocean Energy Management (BOEM) released final revisions to its bid adequacy procedures in the Federal Register. These procedures ensure the American taxpayer receives fair market value from Outer Continental Shelf (OCS) oil and gas lease sales. BOEM
Zayla Partners Acquires ECI Energy Compensation Survey
January 24, 2024
Executive compensation consulting firm Zayla Partners has acquired Effective Compensation Inc., a leading energy industry compensation survey company headquartered in Denver, Colorado. “ECI Owner & CEO, Terry Isselhardt, has developed the gold standard of quality compensation data & analytics for
Sunoco to Acquire NuStar Energy for $7.3 Billion
January 23, 2024
Sunoco LP and NuStar Energy have entered into a definitive agreement where Sunoco will acquire NuStar in an all-equity transaction valued at approximately $7.3 billion, including assumed debt. Under the terms of the agreement, NuStar common unitholders will receive 0.400
ExxonMobil Files Lawsuit Against Investors’ Climate Proposal
January 23, 2024
ExxonMobil has filed a complaint in a Texas court seeking to prevent a climate proposal by activist investors from going to a vote during the company’s shareholder meeting in May. This is the first time Exxon is seeking to exclude
Forest Service Withdraws Key Permit for Uinta Basin Railway
January 23, 2024
The proposed Uinta Basin Railway would stretch 88 miles along the Colorado River to connect Utah to the broader rail network, making it easier to get Utah’s waxy crude oil to refineries on the Gulf Coast and tripling the Uinta
Calgary-based Total Energy Services to Acquire Saxon Energy Services Australia for $37 Million
January 19, 2024
Total Energy Services, through its wholly owned subsidiary Savanna Energy Services Australia, is set to acquire all the shares of Saxon Energy Services Australia for $37 million in cash. The Canadian energy services provider signed an agreement with Schlumberger (SLB),
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