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Freehold Royalties Enters Into Agreement to Acquire U.S. Royalty Assets for $180 Million
September 23, 2021
Freehold Royalties Ltd. has entered into a definitive agreement with a private seller to acquire high-quality U.S. royalty assets located in the Eagle Ford oil basin in Texas for $180 million (CAD$227 million). The acquired assets significantly enhance the quality
Plains All American and Oryx to Combine Permian Basin Assets into Newly Formed JV
September 23, 2021
Plains All American and Oryx Midstream have agreed to combine their midstream assets in the Permian Basin, into a newly created joint venture (JV). Dubbed as Plains Oryx Permian Basin, the joint venture will hold the respective assets, operations, and
Key Energy Services Sells Its Fluid Management Services Assets
September 22, 2021
Key Energy Services has sold substantially all of its Texas and New Mexico fluid management and salt water disposal well assets for cash and the assumption by the buyer of the related asset retirement obligations. The sale effectively completes the
Denbury’s Carbon Solutions Business Enters First CCUS Deal with Mitsubishi
September 22, 2021
Denbury’s wholly-owned subsidiary, Denbury Carbon Solutions and Mitsubishi Corporation have executed a term sheet for the transport and storage of CO2 captured from Mitsubishi’s proposed ammonia project on the Gulf Coast of the United States. The agreement between Denbury and
Shell Signs Agreement to Sell Permian interest for $9.5 Billion to ConocoPhillips
September 21, 2021
Royal Dutch Shell said on Monday it would sell its Permian Basin assets to ConocoPhillips for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean energy transition. For
Dakota Access Pipeline Asks U.S. Supreme Court to Scrap Additional Environmental Review
September 21, 2021
Dakota Access on Monday asked the U.S. Supreme Court to revisit whether the largest pipeline out of the North Dakota oil basin requires additional environmental review. The U.S. District Court for the District of Columbia scrapped a key environmental permit
Energy Transfer Donates $75,000 to Hurricane Ida Relief Efforts
September 21, 2021
Energy Transfer has made a $75,000 donation to support the hurricane relief efforts of the American Red Cross and The Salvation Army in communities devastated by Hurricane Ida. Energy Transfer donated $50,000 to the American Red Cross and $25,000 to
Keystone XL Pipeline Still Possible, Says Alberta in AGs’ Lawsuit
September 20, 2021
The Canadian province of Alberta on Thursday urged a Galveston, Texas, federal judge to rule that the Biden administration illegally revoked a key permit for the now-canceled Keystone XL pipeline, saying that a ruling on the case’s merits could still
North Dakota Oil Production Slips to No. 3 Behind New Mexico
September 20, 2021
North Dakota has officially lost its status as the nation’s second-biggest oil producer, but a new industry rapidly gaining momentum in the state has offset officials’ disappointment. In the last three weeks, State Mineral Resources Director Lynn Helms has heard
Coal Gets a Boost Amid Soaring Natural Gas Prices
September 20, 2021
Electric utilities are required by law to provide power as cheaply as possible. Over the last decade, market forces and climate policies have propelled utilities away from coal. But high natural gas prices are nudging more coal into the electricity
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