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OPEC+ Members Agree to Boost Crude Oil Production from August
July 19, 2021
The Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) have reached an agreement to increase the production of crude oil in the coming months. As per the terms of the agreement, the 23-member OPEC+ will ease its
Black Hills Energy Joins ONE Future Coalition, Commits to Reduce Methane Emissions
July 14, 2021
Our Nation’s Energy Future (ONE Future) said Black Hills Corp. has joined the Coalition. Black Hills Energy serves over 1.3 million electric and natural gas utility customers in more than 800 communities in Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South
BCE-Mach to Acquire Cimarex Energy’s Oklahoma and Texas Properties
July 12, 2021
BCE-Mach III recently signed a purchase and sale agreement to acquire producing properties in Western and Southern Oklahoma and the Texas Panhandle from Cimarex Energy. The acquisition, expected to close in June 2021, also includes two gas gathering and processing
Peregrine Acquires Producing Oil and Gas Royalties in Ohio County, West Virginia
July 7, 2021
Peregrine Energy Partners has agreed to acquire producing oil and gas royalties in Ohio County, West Virginia from a private seller. This marks the first acquisition in Ohio County, West Virginia for the Texas-based royalty buyers. “We’re excited about our
Validus Energy to Acquire Ovintiv’s Eagle Ford Assets for $880 Million
July 7, 2021
Ovintiv, a North American oil and gas producer, has agreed to divest its Eagle Ford assets in the U.S. to Validus Energy for $880 million. The company expects full year 2021 volumes from its Eagle Ford assets to average around
SandRidge Energy Acquires ORRI Assets in $4.85 Million Deal
July 7, 2021
SandRidge Energy has acquired all the overriding royalty interest assets of SandRidge Mississippian Trust I. The gross purchase price is $4.85 million (net $3.55 million). At the current strip and based on historical production trends, the company believes the acquisition
BP and Shell Begin Production from Manuel Oil Project, Gulf of Mexico
July 7, 2021
BP and Royal Dutch Shell have commenced production from the deepwater Manuel oil project located in the Mississippi Canyon block 520 in the U.S. Gulf of Mexico. The Manuel development involved the installation of a new subsea production system for
Happy Independence Day!
July 5, 2021
Mining Connection will be back with daily news Tuesday, July 6. We wish everyone a happy and healthy holiday. As we celebrate this 4th of July weekend, we should never forget those who laid down their lives for our freedoms!
OPEC+ Delays Meeting to Friday as UAE Objects to New Oil Deal
July 2, 2021
OPEC+ delayed its ministerial meeting until Friday to hold more talks on oil output policy, OPEC+ sources said on Thursday, after the United Arab Emirates blocked a plan for an immediate easing of cuts and their extension to the end
NextDecade, Mitsubishi Execute Engineering Services Agreement for Carbon Capture at Rio Grande LNG
July 1, 2021
NextDecade and Mitsubishi Heavy Industries America have signed an engineering services agreement (ESA) for the design, license, and performance guarantee of the KM CDR Process™, a post-combustion carbon capture technology to be applied at NextDecade’s Rio Grande LNG project in
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