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U.S. Drillers Cut Oil and Gas Rigs for 10th Time in 11 Weeks
July 17, 2023
U.S. energy firms last week cut the number of oil and natural gas rigs operating for a 10th time in 11 weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig
Pinnacle Midstream to Double Processing Capacity at Dos Picos Natural Gas System Complex
July 14, 2023
Pinnacle Midstream has expanded its Dos Picos System and Processing Complex with the construction of an additional natural gas processing plant (Train II”). Train II, which is targeted for commercial operation during the fourth quarter of 2024, will add 220
SandRidge Energy Closes Acquisition of Northwest Stack Play for $11.25 Million
July 14, 2023
SandRidge Energy has closed on the acquisition which increases its interest in twenty-six producing wells operated by the company within the Northwest Stack play for approximately $11.25 million. Average net production associated with the acquired interests for the first quarter
Technip Energies and LanzaTech to Collaborate on Breakthrough CO2-to-Ethylene Technology
July 14, 2023
Technip Energies and LanzaTech Global signed a joint collaboration agreement to create a new pathway to sustainable ethylene utilizing their combined technologies. Together LanzaTech’s carbon capture and utilization technology with Technip Energies’ Hummingbird® technology transform waste carbon into ethylene, the
Oaktree Capital Management Acquires Energy Systems Group
July 14, 2023
Energy Systems Group (ESG) has been acquired by funds managed by the Power Opportunities strategy of Oaktree Capital Management. In partnership with ESG’s management team, Oaktree’s investment will support the company’s strategic growth plans by leveraging ESG’s national platform and
Dorchester Minerals Adds Mineral, Royalty Interests in Three States
July 14, 2023
Dorchester Minerals (DMLP) has completed an acquisition of mineral and royalty interests totaling approximately 17,000 gross acres and 900 net royalty acres located in 13 counties and parishes across Louisiana, New Mexico, and Texas. The transaction is structured as a
ExxonMobil to Acquire Denbury in $4.9 Billion All-stock Deal
July 13, 2023
ExxonMobil has entered into a definitive agreement to acquire Denbury, an experienced developer of carbon capture, utilization and storage (CCS) solutions, and enhanced oil recovery. The acquisition is an all-stock transaction valued at $4.9 billion. “Acquiring Denbury reflects our determination
NextDecade Makes Positive Final Investment Decision on Rio Grande LNG Phase 1, Texas
July 13, 2023
NextDecade Corporation has made a positive final investment decision (FID) to construct the first three liquefaction trains (Phase 1) at the company’s 27 million tonnes per annum (MTPA) Rio Grande LNG (RGLNG) export facility in Brownsville, Texas. The $18.4 billion
Spire to Acquire CorEnergy’s MoGas and Omega Pipeline Systems for $175 Million
July 12, 2023
Spire Inc. has entered into an agreement to acquire MoGas Pipeline, an interstate natural gas pipeline, and Omega Pipeline (Omega), a connected gas distribution system, from CorEnergy Infrastructure Trust for $175 million, subject to customary working capital and other closing
Earthstone Energy to Acquire Novo Oil & Gas Holdings for $1.5 Billion
July 12, 2023
Earthstone Energy has entered into an agreement to acquire Novo Oil & Gas Holdings, a privately-held Delaware Basin focused E&P company backed by EnCap Investments for $1.5 billion. Concurrently, Northern Oil and Gas will acquire working interests equal to a
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