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Drilling Tools International Completes Business Combination with ROC Energy
July 5, 2023
Drilling Tools International Holdings has completed its business combination with ROC Energy Acquisition Corp. The combined company will operate under the name Drilling Tools International Corp. (DTI). The transaction was approved by ROC’s shareholders at a special meeting. More than
Riverbend Energy Acquires Williston Assets to Mark Rebuilding Campaign
July 5, 2023
Riverbend Energy Group, through certain of its affiliates, has acquired a sizeable non-operated working interest position in the core of the Williston Basin. The acquisition, along with other recent transactions, provides a high-quality, free cash flow positive non-operated asset base
Happy Independence Day!
July 3, 2023
It’s Independence Day! In the midst of all the barbeques, firecrackers, and concerts, take a moment to honor the men and women who fought and fight for the freedom that we’re celebrating. And in the spirit of pride and unity,
BOEM Releases Proposed Rule Changes for Decommissioning Financial Requirements
June 30, 2023
The Bureau of Ocean Energy Management (BOEM) has released proposed changes to modernize financial assurance requirements for the offshore oil and gas industry to decommission offshore wells and infrastructure, once they are no longer in use. The proposed changes will
One Rock Energy Acquires Powder River Basin E&P Northwoods Energy
June 30, 2023
OneRock Energy Holdings has entered into a definitive purchase agreement to acquire Northwoods Management Company and certain related entities. Northwoods owns highly productive assets located in the Powder River Basin, producing approximately five thousand barrels of oil equivalent. The asset
Frontier Carbon Solutions Gets $40 Million DOE Grant For Carbon Storage Hub, Wyoming
June 30, 2023
Carbon capture, utilization, and sequestration (CCUS) project developer Frontier Carbon Solutions and the School of Energy Resources (SER) at the University of Wyoming have recently been granted $40.5 million under CarbonSAFE initiative of the U.S. Department of Energy (DOE) to
Denbury Expands Leading CO2 Sequestration Portfolio with Two New Sites in Louisiana
June 29, 2023
Denbury has formed a joint venture with Lapis Energy to design, implement, and operate a carbon dioxide sequestration project at Lapis Energy’s 14,000-acre site located in St. Charles Parish, Louisiana, approximately 20 miles west of New Orleans. Each party will
Oil Shippers on Canada’s Trans Mountain Expansion Dispute Pipeline Tolls
June 29, 2023
Oil shippers on the Trans Mountain expansion (TMX) project are challenging proposed pipeline tolls filed by Canadian government-owned Trans Mountain Corp. with regulators last month, citing concerns about significant costs increases. TMX will nearly triple the flow of crude from
CNX Resources Sells Non-core Appalachian Basin Assets for $125 Million
June 28, 2023
Natural gas producer CNX Resources Corp. will sell about $125 million in oil and gas assets to an unspecified third party, the Canonsburg-based company disclosed in a U.S. Securities and Exchange Commission filing. CNX didn’t disclose the location or the
DOE Launches $17M FOA for University-Led Projects Supporting Decarbonization, Net-Zero Emissions
June 28, 2023
The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) has launched up to $17.7 million in funding available to support novel, early-stage research and development at eligible U.S. colleges and universities, including creating new academic
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