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Pioneer Energy & Bayswater Successfully Field Pilot Zero Emission Oil Production System
August 21, 2023
Pioneer Energy has completed a successful field trial of their new Emission Control Treater (ECT) technology. Pioneer partnered with Bayswater Exploration & Production, a Colorado-based oil producer, to deploy and operate the ECT on one of their production locations in
U.S. Drillers Cut Oil and Gas Rigs for Sixth Week in a Row
August 21, 2023
U.S. energy firms last week cut the number of oil and natural gas rigs operating for a sixth week in a row, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig
Summit Carbon Solutions Submits Revised Pipeline Permit Application, North Dakota
August 21, 2023
Summit Carbon Solutions (SCS) has submitted a petition for reconsideration for their pipeline permit application to the North Dakota Public Service Commission (ND PSC), showcasing its continued commitment to the community and addressing previously raised concerns. “We’re truly grateful for
Patterson-UTI Energy Completes $780 Million Acquisition of Ulterra Drilling Technologies
August 18, 2023
Patterson-UTI Energy has completed the acquisition of Ulterra Drilling Technologies, a global provider of specialized drill bit solutions. Total consideration for the acquisition, on a cash-free, debt-free basis, included $370 million of cash and 34.9 million shares of Patterson-UTI common
PHX Minerals Rejects WhiteHawk Energy’s Merger Proposal in Scathing Letter
August 18, 2023
PHX Minerals confirmed that its board of directors previously received, thoroughly reviewed, and rejected an unsolicited, non-binding proposal from WhiteHawk Income Corporation to combine with PHX in a stock-for-stock transaction. “Our Board is committed to driving value for all stockholders
Edison Electric Institute Names Dan Brouillette President and CEO Elect
August 18, 2023
The Edison Electric Institute (EEI) said that Dan Brouillette has been selected as EEI’s president and chief executive officer elect, effective October 1, 2023. Brouillette will become EEI president and CEO on January 1, 2024, and will succeed Tom Kuhn,
FERC Approves EQT’s Acquisition of Tug Hill and XcL Midstream
August 17, 2023
EQT Corporation said the U.S. Federal Trade Commission has resolved its review of EQT’s agreement with THQ Appalachia (Tug Hill) and THQ-XcL Holdings (XcL Midstream) to acquire Tug Hill’s upstream assets and XcL Midstream’s gathering and processing assets pursuant to
Westbrook Energy Group Acquires Forged Components Inc.
August 17, 2023
Westbrook Energy Group has acquired Forged Components Inc. (FCI), a vertically integrated provider of high-quality forged, heat treated, and machined pressure control connection products for the downstream, midstream, upstream, LNG, marine, aerospace, and defense markets. FCI’s product portfolio along with
Energy Transfer to Acquire Crestwood in $7.1 Billion All-Equity Transaction
August 16, 2023
Energy Transfer and Crestwood Equity Partners have entered into a definitive merger agreement pursuant to which Energy Transfer will acquire Crestwood in an all-equity transaction valued at approximately $7.1 billion, including the assumption of $3.3 billion of debt, based on
Commonwealth LNG Secures Funding for FID on LNG Project, Louisiana
August 16, 2023
Commonwealth LNG said that it has secured the development funding needed to take a final investment decision (FID) on its namesake LNG export facility in Cameron, Louisiana. The company has closed a development capital investment from private funds overseen by
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