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Peregrine Energy Solutions Raises $700 Million for Energy Transition Technologies
August 31, 2023
Peregrine Energy Solutions has signed an agreement with funds managed by AB CarVal to raise over $700 million of credit, equity, and debt to fund Peregrine’s pipeline of over seven gigawatts of high-quality projects, including standalone battery, solar and wind
PHX Minerals Acquires Haynesville Play in Louisiana, Texas; SCOOP Play in Oklahoma for $13.6 Million
August 30, 2023
PHX Minerals Inc. has agreed to acquire approximately 988 net royalty acres targeting the Haynesville play in Louisiana and Texas and the SCOOP play in Oklahoma from five separate sellers for aggregate consideration of $13.6 million in cash, subject to
Earthstone Energy Closes Acuisition of Novo Oil & Gas’ Northern Delaware Basin Assets
August 30, 2023
Earthstone Energy has closed on the acquisition of the northern Delaware Basin assets of Novo Oil & Gas Holdings. “We are excited to incorporate Novo’s assets into Earthstone’s premier northern Delaware position. A key piece of our strategy has been
Occidental to Acquire Direct Air Capture Technology Innovator Carbon Engineering for $1.1 Billion
August 30, 2023
Occidental has entered into a definitive purchase agreement to acquire all the outstanding equity of Carbon Engineering Ltd. for total cash consideration of approximately $1.1 billion, to be made in three approximately equivalent annual payments, with the first at closing.
Ring Energy Completes Acquisition of Founders Oil & Gas’ Central Basin Platform
August 30, 2023
Ring Energy has completed its acquisition of the Central Basin Platform (CBP) assets of Founders Oil & Gas. Founders’ CBP operations are located in the Permian Basin in Ector County, Texas and are focused on the development of approximately 3,600
Kimbell Royalty Partners to Acquire Royalty Interest in Permian Basin and Mid-Continent for $455M
August 29, 2023
Kimbell Royalty Partners has agreed to acquire mineral and royalty interests held by a private seller in a cash transaction valued at approximately $455 million. The seller’s acreage is located in the Permian Basin and Mid-Continent, with high interest locations
Chairs Rodgers, Duncan Unveil Draft Legislation to Modernize and Expand U.S. Pipeline Infrastructure
August 29, 2023
House Energy and Commerce Committee Chair Cathy McMorris Rodgers (R-WA) and Energy, Climate, and Grid Security Subcommittee Chair Jeff Duncan (R-SC) unveiled draft legislation, the Pipeline Safety, Modernization, and Expansion Act of 2023, which will help unleash clean, affordable American
Kimmeridge Raises $1 Billion to Invest in Oil Patch
August 29, 2023
Kimmeridge Energy Management has amassed more than $1 billion to acquire and develop oil-and-gas assets, as other investors retreat from the sector. The New York-based firm wrapped up Kimmeridge Fund VI LP with roughly 25 percent more capital than the
Occidental and ADNOC to Partner for Potential Direct Air Capture Investment
August 29, 2023
Occidental and ADNOC said they will evaluate investment opportunities in direct air capture (DAC) facilities and carbon dioxide (CO2) sequestration hubs in the United States and the United Arab Emirates (UAE) as a pathway toward the development of carbon management
SunGas to Build $2 Billion Green Methanol Facility, Louisiana
August 29, 2023
SunGas Renewables has formed Beaver Lake Renewable Energy (BLRE), which will construct a new green methanol production facility in Central Louisiana. A wholly-owned subsidiary of SunGas Renewables, BLRE is expected to generate from the facility nearly 400,000 metric tons of
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