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Matterhorn Express Pipeline Reaches Final Investment Decision, Moves Forward With Construction
May 20, 2022
WhiteWater, EnLink Midstream, Devon Energy, and MPLX have reached a final investment decision to move forward with the construction of the Matterhorn Express Pipeline after having secured sufficient firm transportation agreements with shippers. The Matterhorn Express Pipeline has been designed
Centennial and Colgate Energy Combine to Create $7 Billion Permian Basin Producer
May 20, 2022
Centennial Resource Development and Colgate Energy Partners have agreed to a merger of equals, the companies said on Thursday, creating a $7 billion Permian Basin-focused U.S. oil and gas producer. The deal comes when global crude prices have surged following
DOE Allocates $25 Million to Study Advanced Clean Hydrogen Technologies for Electricity Generation
May 20, 2022
The U.S. Department of Energy (DOE) announced $24.9 million in funding for six research and development projects to support the advancement of clean hydrogen for electricity generation. DOE will partner with private companies to research advanced technology solutions that could
Chevron and TotalEnergies Sanction $1.6 Billion Ballymore Project, Gulf of Mexico
May 19, 2022
Chevron Corporation has sanctioned the Ballymore project in the deepwater U.S. Gulf of Mexico. The project, with a design capacity of 75,000 barrels of crude oil per day, will be developed as a three-mile subsea tieback to the existing Chevron-operated
Helix Energy Solutions to Acquire Alliance Companies in Gulf of Mexico for $120 Million
May 18, 2022
Helix Energy Solutions Group has entered into a definitive agreement to acquire 100 percent of the equity interests of the Alliance group of companies for $120 million cash at closing, plus the potential for post-closing earnout consideration. Alliance is a
Chevron Launches Carbon Capture and Storage Project in San Joaquin Valley, California
May 18, 2022
Chevron U.S.A. Inc., through its Chevron New Energies division, is launching a carbon capture and storage (CCS) project aimed at reducing the carbon intensity of its operations in San Joaquin Valley, California. Chevron aims to reduce its carbon intensity —
Grey Rock and ENPC Sign $1.3 Billion Merger Deal to Create Granite Ridge Resources
May 17, 2022
Grey Rock Investment Partners and Executive Network Partnering Corporation (ENPC) have entered into a definitive agreement to complete a $1.3 billion business combination resulting in the formation of Granite Ridge Resources, Inc. Subject to approval by the ENPC stockholders and
EIA: Permian Oil Output Forecast to Hit Record High in June
May 17, 2022
Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is due to rise 88,000 barrels per day (bpd) to a record 5.219 million bpd in June, the U.S. Energy Information Administration (EIA) said
PHX Minerals Adds to Growing Haynesville Inventory with Latest $5.1 Million Acquisition
May 13, 2022
PHX Minerals Inc. has made a mineral and royalty acquisition targeting the Haynesville play in East Texas and Louisiana. PHX has agreed to acquire approximately 506 net royalty acres for aggregate consideration of $5,100,000 in cash from a private seller
88 Energy Acquires Stake in Longhorn Oil and Gas Assets for $9.7 Million
May 13, 2022
88 Energy has announced the purchase of a 73 percent average net working interest in Longhorn oil and gas assets in the Permian Basin, onshore Texas. The Longhorn project consists of established conventional oil and gas production assets with a
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