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Diamondback’s Subsidiary Viper Energy Partners to Acquire $1B in Permian Basin Royalty Interest
September 6, 2023
Viper Energy Partners, a subsidiary of Diamondback Energy, has entered into a definitive purchase and sale agreement to acquire certain mineral and royalty interests from affiliates of Warwick Capital Partners and GRP Energy Capital in exchange for approximately 9.02 million
Peak 10 Energy Launches Oil and Gas Investment Platform with Permian Basin Acquisition
September 6, 2023
Peak 10 Energy has launched an oil and gas investment platform focused on acquiring long-life oil and gas assets throughout the continental United States. Peak 10’s asset base consists of non-operated oil and gas properties in Reeves, Fisher, Scurry, Gaines,
Patterson-UTI Energy and NexTier Oilfield Solutions Complete $5.4 Billion Merger
September 6, 2023
Patterson-UTI Energy has completed the all-stock merger with NexTier Oilfield Solutions, creating a leading provider of drilling and completions services in the United States. The combined company will retain the name Patterson-UTI Energy and maintain its headquarters in Houston, Texas.
UGI Board Launches Strategic Review, to Explore Full Range of Options
September 6, 2023
UGI Corporation said its board of directors has initiated a process to evaluate potential strategic alternatives with the intent to unlock and maximize shareholder value. In consultation with financial and legal advisors, the strategic review, focused on the LPG businesses,
Western Midstream Expands Powder River Basin Footprint With $885M Acquisition of Meritage Midstream
September 5, 2023
Western Midstream Partners (WES) said one of its operating subsidiaries has signed an agreement to acquire Meritage Midstream Services in an all-cash transaction for a purchase price of $885 million, subject to customary adjustments. Meritage, a privately held midstream company
Berkshire Hathaway Energy Completes Acquisition of Additional Stake in Cove Point LNG
September 5, 2023
Berkshire Hathaway Energy has completed the purchase of Dominion Energy’s 50 percent limited partnership stake in the Cove Point LNG, LP business, resulting in a total ownership interest of 75 percent. The ownership interest is held within BHE GT&S, a
BSEE Conducts Oil Spill Response Exercise in Pacific Ocean
September 5, 2023
As part of its mission to protect the environment and ensure offshore oil and gas operators are prepared to respond rapidly and effectively to oil spills, the Bureau of Safety and Environmental Enforcement (BSEE) conducted a Government Initiated Unannounced Exercise
U.S. Drillers Cut Oil and Gas Rigs for Eighth Week in a Row
September 5, 2023
U.S. energy firms last week cut the number of active oil and natural gas rigs for an eighth week in a row, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig
Happy Labor Day from the Team at Mining Connection
September 1, 2023
This Labor Day, we want to recognize the hardworking individuals in the mining and oil & gas industries. It’s a day to recognize the immense efforts and dedication that go into the work done each day. You are the backbone
DT Midstream Completes Phase 1 LEAP Expansion
August 31, 2023
DT Midstream has commissioned its LEAP phase 1 expansion early, increasing its capacity from 1.0 Bcf/d to 1.3 Bcf/d, ahead of its planned Q4 2023 in service date and on budget. The pipeline’s phase 2 and phase 3 expansions remain
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