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Crescent Energy Completes $83 Million Sale of Non-Operated Permian Basin Assets
May 16, 2025
Crescent Energy has closed on the sale of non-operated Permian Basin assets to a private buyer for $83 million in cash. The assets are located in Reeves County, Texas and had projected full-year 2025 production of approximately 3 Mboe/d (~35
SLB Unveils Digitally Enabled Electric Well Solutions that Maximize Production and Recovery
May 16, 2025
Global energy technology company SLB has launched Electris™ — a portfolio of digitally enabled electric well completions technologies that boost production and recovery while reducing the total cost of ownership of an asset. Electris completions digitalize control of the entire
NRG Energy to Acquire LS Power’s Natural Gas Generation Facilities for $12 Billion
May 14, 2025
NRG Energy and LS Power Equity Advisors have entered into a definitive agreement where NRG will acquire a portfolio of natural gas generation facilities and a commercial and industrial virtual power plant (C&I VPP) platform from LS Power in a
DOI Streamlines Oil and Gas Leasing to Advance Energy Independence and Economic Growth
May 14, 2025
In support of the Trump Administration’s energy dominance agenda, the Department of the Interior has made a Bureau of Land Management policy update designed to expedite the oil and gas leasing process on public lands. Through a newly issued Instruction
Venture Global Commences Commercial Operations at Calcasieu Pass, Louisiana
May 14, 2025
Venture Global announced the commercial operation date for its inaugural LNG export project — Calcasieu Pass — and the commencement of the sale of low-cost, U.S. LNG to the project’s long-term customers. Calcasieu Pass has reached this milestone in just
Mubadala Energy Enters U.S. Market with Investment in Kimmeridge
May 13, 2025
Mubadala Energy, the Abu Dhabi headquartered international energy company, has today signed an agreement with Kimmeridge to acquire a 24.1 percent interest in Kimmeridge’s SoTex (SoTex). SoTex holds two portfolio companies: Kimmeridge Texas Gas, which operates an upstream unconventional gas
Orion Acquires Interests in Oklahoma, Colorado, and Arkansas
May 13, 2025
Orion Diversified Holding has closed on several large acquisitions. “We were recently notified that Citizen Energy has drilled 2-2-mile horizontal wells on our Kingfisher County royalty acreage. We are being pooled into a 640-acre horizontal drilling and spacing unit on
White House Ends Use of Carbon Cost
May 13, 2025
The U.S. is ending its use of a metric for estimating the economic damages from greenhouse gas (GHG) emissions, the latest reversal of climate change policies supported by President Donald Trump’s predecessors. The White House Office of Management and Budget
Innovex Sells Dril-Quip Facility for $95 Million, Texas
May 13, 2025
Innovex International has entered into a definitive agreement to sell its facility located at 6401 North Eldridge Pkwy, Houston, Texas 77041. The sale price for the property is $95 million and the sale is expected to close in the third
Chevron Starts Oil Production from Ballymore Project in Gulf of America
May 12, 2025
Chevron Corporation said it started oil and natural gas production from the Ballymore subsea tieback in the deepwater Gulf of America. Ballymore, the latest in a series of Chevron projects to start up in the past year, represents another step
