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API Releases New Video Urging Biden to Tour American Energy Sites
July 15, 2022
As President Biden prepares to meet with Saudi officials today, the American Petroleum Institute (API) released a new video once again inviting the president to visit American energy sites and support the American producers who are poised to meet the
Newlight and CNX Enter Agreement to Capture Methane Emissions for Production of Aircarbon
July 15, 2022
Newlight Technologies and CNX Resources have entered into a 15-year agreement to capture and utilize methane emissions for the production of Aircarbon®, a naturally-occurring molecule also known as PHB that replaces plastic but is carbon-negative and biologically degrades in natural
ConocoPhillips Acquires Stake in Texas LNG Project from Sempra
July 15, 2022
ConocoPhillips has made a potentially significant expansion of its global liquefied natural gas (LNG) business through investment in a new large-scale LNG facility under development by Sempra Infrastructure, a subsidiary of Sempra, in Jefferson County, Texas. ConocoPhillips has entered into
DOE to Issue Funding for R&D Projects to Reduce Methane Emissions Across Oil and Natural Gas Regions
July 14, 2022
The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM), Division of Methane Mitigation Technologies, released its intent to issue funding for research and development (R&D) projects that will help to reduce methane emissions across oil
Varel Energy Solutions Acquires Sledgehammer Oil Tools
July 14, 2022
Varel Energy Solutions (VES) has acquired Sledgehammer Oil Tools, an international leader in the supply of oilfield casing, cementing and completion products. This transaction further strengthens VES’s robust portfolio of casing and cementing products, fueled by the legacy brand of
DOE Awards Contracts for Additional Crude Oil Sales from Strategic Petroleum Reserve
July 13, 2022
The U.S. Department of Energy (DOE) has awarded contracts for the purchase of crude oil from the Strategic Petroleum Reserve (SPR) following a notice of sale announced on June 14, 2022. The contract awards are part of President Biden’s announcement
Sitio Royalties Acquires Foundation Minerals’ Permian Basin Assets for $323 Million
July 13, 2022
Sitio Royalties Corp. has completed the acquisition of more than 19,700 net royalty acres (NRAs) in the Permian Basin from Foundation Minerals, a Midland-based portfolio company of Quantum Energy Partners, for approximately $323 million. Sitio has also entered into a
Ranger Oil Makes Additional Bolt-on Acquisitions of Oil and Gas Assets in Eagle Ford Shale for $110M
July 13, 2022
Ranger Oil Corporation has made additional bolt-on acquisitions of oil and gas assets in the Eagle Ford shale, bringing the total purchase price of transactions signed in the second quarter to approximately $110 million, subject to customary adjustments. The combined
ProFrac to Acquire U.S. Well Services
July 13, 2022
ProFrac Holding Corp. has reached an agreement to acquire U.S. Well Services, Inc. in a stock-for-stock transaction. The acquisition is expected to be completed in the fourth quarter of 2022, subject to the satisfaction of customary closing conditions, including the
Chevron Taps Into LNG Boom with Cheniere Energy and Venture Global Deals
July 13, 2022
Chevron Corp. last week signaled its move into the booming U.S. liquefied natural gas (LNG) export market with two agreements designed to increase sales of its shale gas to global markets. Top U.S. gas producers have been striking deals with
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