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Patterson-UTI Energy and NexTier Oilfield Solutions to Merge in $5.4 Billion Deal
June 15, 2023
Patterson-UTI Energy and NexTier Oilfield Solutions have entered into a definitive merger agreement to combine in an all-stock merger of equals transaction. The combined company, with an enterprise value of approximately $5.4 billion, will be an industry leading drilling and
DOE Enhances Energy Research Data Access
June 15, 2023
Recognizing the importance of collaborative assets for energy-related research needs, the U.S. Department of Energy (DOE) has taken steps to ensure a permanent place for researchers around the world to access research data. In late 2022, Assistant Secretary of Fossil
DOE Invests $251M in 12 Projects to Expand Infrastructure to Support CO2 Transport and Storage
June 15, 2023
The U.S. Department of Energy (DOE) has invested $251 million to support 12 selected projects across seven states that will bolster the nation’s carbon management capabilities. The projects will expand carbon dioxide (CO2) transportation and storage infrastructure to help significantly
Ovintiv Closes on $4.2 Billion Midland and $825 Million Bakken Transactions
June 14, 2023
Ovintiv Inc. has closed on the acquisition of core Midland Basin assets, adding approximately 1,050 net 10,000 foot well locations and approximately 65,000 net acres of largely undeveloped land adjacent to Ovintiv’s existing Permian operations. The company has acquired substantially
PCC Hydrogen to Build Pilot Hydrogen Production Plant in Cloverdale, Indiana
June 14, 2023
PCC Hydrogen released plans to construct a pilot hydrogen production plant in Cloverdale, Indiana near the US 231 and Interstate 70 interchange. PCC H2’s plant will showcase the efficient conversion of logistically friendly ethanol into high purity, negative carbon index
AstraZeneca Partners with Vanguard in Multi-year RNG Deal
June 14, 2023
In a first-of-its-kind collaboration, AstraZeneca (AZN) is partnering with Vanguard Renewables to enable the delivery of renewable natural gas (RNG) to all of its sites in the United States by the end of 2026. From June 2023, AstraZeneca will begin
Garrison Energy Secures $500 Million to Acquire Assets in the Permian Basin
June 13, 2023
Garrison Energy Holdings has launched its ongoing pursuit of acquisition opportunities focused on the Permian Basin following a $500 million line of equity financing from an institutional investor and the company’s management team and employees. Garrison intends to develop a
Argonaut Acquires Premier Drilling Tool Manufacturer Center Rock
June 13, 2023
Argonaut Private Equity, a Tulsa, OK-based private equity fund, has acquired Center Rock Inc., a Berlin, Pennsylvania-based provider of drilling tools and rigs serving the construction, mining, utility, and energy industries. The private equity group’s low-leverage approach reinforces the partnership’s
Grupo Carso to Acquire to Acquire Talos Energy’s Mexican Subsidiary for $125 Million
June 13, 2023
Talos Energy said that Zamajal, a wholly owned subsidiary of Grupo Carso, has agreed to acquire a 49.9 percent interest in Talos’s Mexican subsidiary. The subsidiary holds the company’s 17.4 percent stake in Zama. Carso is one of the world’s
Mitsui to Invest in Delfin to Accelerate Clean Low-cost LNG Exports
June 12, 2023
Delfin Midstream has entered into a strategic investment agreement with Mitsui O.S.K. Lines (MOL) that accelerates growth and drives future expansion, enabling Delfin to accelerate clean low-cost LNG exports from North America to customers around the world. As part of
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