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Sempra Signs MOU with CFE and Carso to Develop Natural Gas Transportation Infrastructure
February 17, 2023
Sempra Infrastructure, a subsidiary of Sempra, Mexico’s Federal Electricity Commission (Comisión Federal de Electricidad, CFE), and Carso Energy, a subsidiary of Grupo Carso, signed a memorandum of understanding (MOU) to advance a potential strategic alliance for the joint development of
Chevron and Fab Foundation Name Recipients for New Fellowship Program that Supports STEM Educators
February 17, 2023
Chevron Corporation and the Fab Foundation have named the first recipients of an all-new fellowship program that supports STEM educators across the world. The Chevron Fab STEM Fellowship was awarded to Nathan Pritchett of Tulsa, Oklahoma and to Pieter Verduijn
Vital Energy to Acquire Driftwood’s Assets for $127.6 Million Plus Common Stock
February 16, 2023
Vital Energy has signed a definitive purchase and sale agreement to acquire the assets of Driftwood Energy Operating, inclusive of all leasehold interests and hedges, in exchange for 1,578,948 shares of Vital common stock and $127.6 million of cash. The
Williams Closes $1.5B Acquisition of MountainWest Natural Gas Transmission and Storage Business
February 16, 2023
Williams has closed its acquisition of MountainWest Pipelines Holding Company from Southwest Gas Holdings, in a transaction including $1.07 billion of cash and $0.43 billion of assumed debt, for an enterprise value of $1.5 billion. MountainWest comprises roughly 2,000-miles of
Senators Kennedy, Cramer Introduce Bill to Prevent Banks from Denying Services on Political Purposes
February 16, 2023
Sen. John Kennedy (R-La.), a member of the Senate Banking Committee, joined Sen. Kevin Cramer (R-N.D.) in introducing the Fair Access to Banking Act to prevent banks from denying services to law-abiding businesses for political purposes. “Law-abiding Americans should have
Sen. Dan Sullivan Asks Alaska Legislature to Rally in Defense of Arctic Willow Oil Project
February 15, 2023
In his annual address to the Alaska Legislature, U.S. Sen. Dan Sullivan called on the Legislature and ordinary Alaskans to speak in defense of the Willow project, a long-planned oil development awaiting federal permission on the North Slope. “The battle
Hilcorp Seeks New Well Permits in Columbiana County, Ohio
February 15, 2023
Houston-based Hilcorp Energy Co. is seeking permits to drill new horizontal oil and gas wells in Columbiana County, the most productive region of the northern Utica/Point Pleasant shale formation. According to data from the Ohio Department of Natural Resources (ODNR),
88 Energy Receives Approval for Permit to Drill at Hickory Well, Located in Project Phoenix, Alaska
February 15, 2023
88 Energy Limited confirmed that the permit to drill (PTD) has been approved by the Alaska Oil and Gas Conservation Commission (AOGCC) for the Hickory-1 well, located in Project Phoenix on the North Slope of Alaska. In addition, construction of
House GOP Rejects AOC’s Push to Link Oil and Gas Drilling to Public Health Studies
February 15, 2023
House Republicans voted Tuesday to reject an amendment introduced by Rep. Alexandria Ocasio-Cortez (D-NY) that would have required the collection of more public health data before drilling on federal lands, citing the need for U.S. energy independence. The amendment failed
Budding Oil and Gas Company Verde Bio Holdings Drills New Wells in Permian Basin, Haynesville Shale
February 14, 2023
Verde Bio Holdings, Inc. (VBHI) said that with the sustained higher oil and gas prices, its well count continues to rise. Recently, the company has received notice of more than eight new wells being brought online on its oil and
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