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Earthstone Energy to Acquire Bighorn Permian Resources’ Midland Basin Asset for $860 Million
January 31, 2022
Earthstone Energy, Inc. has entered into an agreement to acquire the assets of privately held Bighorn Permian Resources located in the Midland Basin. The aggregate purchase price of the Bighorn acquisition is approximately $860 million, consisting of $770 million in
CNX Bolsters Board of Directors and Management Team with New Appointments
January 31, 2022
CNX Resources Corp. has added a new member to the company’s board of directors and strengthened its executive management team. These individuals bring extensive experience and will provide leadership on key areas of focus for the company including emerging environmental
West Virginia Senate Passes Anti-energy Boycott Bill
January 31, 2022
Days after expressing their support for nuclear energy, members of the West Virginia Senate expressed support Thursday for a bill standing up against banks that boycott doing business with the coal and natural gas industries. The Senate passed Senate Bill
Federal Judge Annuls Gulf of Mexico November Oil Auction Over Climate Impact
January 28, 2022
A federal judge invalidated the results of an oil and gas lease sale in the Gulf of Mexico on Thursday saying the Biden administration failed to properly account for the auction’s climate change impact. The decision has cast uncertainty over
LongPath Technologies Advances DOE-funded Methane Mitigation Tech
January 28, 2022
LongPath Technologies, Inc. is advancing its groundbreaking Basin-SCAN continuous methane monitoring and abatement technology across the Texas and New Mexico Permian Basin oil and gas fields. A year after winning a $5 million U.S. Department of Energy (DOE) award, roughly
Enerflex to Acquire Midstream Infrastructure Firm Exterran for $735 Million
January 27, 2022
Enerflex has agreed to acquire Exterran, a U.S.-based midstream infrastructure solutions provider, in an all-stock deal valued at around $735 million. The merger between the companies is aimed at creating an integrated global provider with an enterprise value of $1.5
Top U.S. Oil States Vie for Carbon Capture Oversight to Speed Up Permits
January 27, 2022
Top U.S. oil-producing states are trying to wrest oversight of carbon capture wells from federal regulators, hoping to speed the oil industry’s preferred approach to combating climate warming amid calls for limits on fossil fuel production. Companies are proposing carbon
Court of Appeals Invalidates Federal Approvals for Mountain Valley Pipeline
January 26, 2022
The U.S. Court of Appeals for the 4th Circuit on Tuesday invalidated federal approvals for Equitrans Midstream Corp’s $6.2 billion Mountain Valley natural gas pipeline under construction from West Virginia to Virginia. The court decision was the latest setback for
Chesapeake Energy Appoints Josh Viets as Executive VP and COO
January 26, 2022
Chesapeake Energy Corporation has appointed Josh Viets as executive vice president and chief operating officer, effective February 1, 2022. “Josh has been at the forefront of how our industry is evolving for the future, and I am excited to welcome
Crestwood Releases Its Carbon Management Plan and Three-Year Sustainability Strategy
January 25, 2022
Crestwood Equity Partners has published its carbon management plan and next three-year sustainability strategy. Crestwood’s second three-year sustainability strategy outlines the focus areas for Crestwood’s ESG/sustainability initiatives for the coming years that will continue to drive its performance, create impact
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