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Prairie Operating to Acquire Bayswater’s DJ Basin Assets for $603 Million
April 8, 2025
Bayswater Exploration and Production, a Denver-based oil and natural gas development company, has entered into an agreement to sell assets in the Denver Julesburg Basin to Prairie Operating Company for $603 million. “Today’s agreement represents the culmination of years of
Diamondback Energy to Acquire Permian’s Double Eagle IV for $4.1 Billion
April 8, 2025
Diamondback Energy has entered into a definitive purchase agreement to acquire certain subsidiaries of Double Eagle in exchange for approximately 6.9 million shares of Diamondback common stock and $3 billion of cash, subject to customary adjustments. As part of this
Elk Range Royalties Acquires Occidental’s D-J Basin Minerals for $905 Million
April 8, 2025
Elk Range Royalties has made a landmark acquisition of a significant mineral and royalty position spanning approximately 250,000 net royalty acres in the DJ Basin from affiliates of Occidental. The $905 million transaction significantly expands Elk Range’s presence in a
Former Homer City Generating Station to Become Massive Gas-powered Campus, Pennsylvania
April 4, 2025
The owners of what was once Pennsylvania’s biggest coal-fired power plant said Wednesday that they will turn it into a $10 billion natural gas-powered data center campus designed to capitalize on the fast-growing energy demands of Big Tech companies to
Venture Global Receives Non-FTA Export Authorization for CP2 LNG
April 4, 2025
Venture Global received approval from the U.S. Department of Energy to export liquefied natural gas (LNG) to non-FTA countries for its third project, CP2 LNG, located in Cameron Parish, Louisiana. “CP2 LNG is a vital project for the U.S. economy,
SLB Launches EWC™ Electric Well Control Technologies
April 2, 2025
SLB has launched EWC™ electric well control technologies, which reduce capex and opex, while making mission-critical drilling operations safer. Well control technologies — which play a vital role in preventing the uncontrolled release of fluids from the well — have
Equinor Starts Production at Halten East Development in Norwegian Sea, Norway
April 2, 2025
Equinor has started production at the Halten East development in the Norwegian Sea, two years following approval from Norwegian authorities. “We are starting up Halten East at a time where piped gas from Norway is in high demand and important
Apollo to Acquire OEG Energy Group for $1 Billion
April 1, 2025
Apollo has agreed to acquire a majority stake in OEG Energy Group from funds managed by the power opportunities strategy of Oaktree Capital Management and other investors. The transaction implies a headline valuation of more than $1 billion for OEG,
TG Natural Resources Acquires Chevron’s East Texas Gas Assets for $525 Million
April 1, 2025
Chevron U.S.A., a subsidiary of Chevron Corporation, has closed on a transaction to sell a 70 percent interest in its East Texas gas assets to an affiliate of TG Natural Resources for $525 million, with $75 million paid in cash
Canadian Government to Fund Portion of Cedar LNG’s $5.96 Billion Development Cost
April 1, 2025
The Government of Canada said it understands the importance of diversifying Canada’s export market opportunities, supporting Indigenous economic reconciliation objectives, and ensuring development is aligned with its climate and environmental goals. Supporting large-scale innovative projects will position Canada for a
