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Fury Resources to Acquire Battalion Oil for $450 Million
January 9, 2024
Battalion Oil Corporation has entered into an agreement and plan of merger with Fury Resources, Inc. Fury Resources will acquire all of the outstanding shares of common stock of Battalion for $9.80 per share in cash, which represents a total
Unit Corp. Divests Texas Panhandle Assets for $50 Million
January 9, 2024
Unit Corporation has completed the sale of certain non-core oil and gas assets in the Texas Panhandle to a third party for net cash proceeds received at closing of $50 million, subject to customary post-closing adjustments pursuant to the terms
Canada’s Long-delayed Trans Mountain Pipeline Plans Line Fill for March or May
January 8, 2024
Trans Mountain Corp plans to begin line fill in March or May on its long-delayed Canadian oil pipeline expansion, depending on the diameter of pipe it uses and assuming no new problems, the Canadian government-owned company said in a filing
U.S. Drillers Cut Oil and Gas Rigs for Third Week in a Row
January 8, 2024
U.S. energy firms this week cut the number of oil and natural gas rigs operating for the third time in four weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig
Ormat Closes $271 Million Acquisition of Enel’s Geothermal and Solar Assets
January 8, 2024
Ormat Technologies has closed on the acquisition of a portfolio of geothermal and solar assets from Enel Green Power North America (EGPNA), a subsidiary of Enel SpA. Under the agreement, Ormat paid $271 million for 100 percent of the equity
James Raley Retires from Dorchester Minerals
January 8, 2024
Dorchester Minerals said James E. Raley, an appointed manager of the board of managers of the general partner of the board has retired, effective as of December 29, 2023. In recognition of his outstanding record of service, the board has
Ellipsis U.S. Onshore Acquires Interests in Permian, Other U.S. Basins
January 5, 2024
Ellipsis U.S. Onshore Holdings, a portfolio company of Westlawn Group, has acquired additional assets located in multiple onshore U.S. basins. Ellipsis acquired non-operated oil and gas assets with current production of more than 6,000 boe/d (2-stream) and significant operational upside
Richard Dealy Commences Role as CEO at Pioneer Natural Resources
January 5, 2024
Pioneer Natural Resources Company said Richard Dealy has commenced his new role as chief executive officer (CEO) and Scott Sheffield has transitioned to the non-executive role of special advisor to the CEO. Dealy succeeds Sheffield, who retired as CEO on
Talos Energy Starts Production at Lime Rock and Venice Gulf of Mexico Discoveries
January 5, 2024
Talos Energy has successfully started oil and natural gas production at Talos’s Lime Rock and Venice discoveries, located near its 100 percent owned and operated Ram Powell platform in the U.S. Gulf of Mexico. Talos owns a 60 percent working
APA Corporation to Acquire Callon Petroleum for $4.5 Billion
January 4, 2024
APA Corporation and Callon Petroleum Company have entered into a definitive agreement where APA will acquire Callon in an all-stock transaction valued at approximately $4.5 billion, inclusive of Callon’s net debt. Callon’s assets provide additional scale to APA’s operations across
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