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New Report Highlights Permian’s Growth as Economic Engine
September 9, 2022
Already a global energy powerhouse, the Permian Basin is proving to be an economic powerhouse as well. A new economic impact report issued Tuesday by the Permian Strategic Partnership and The Perryman Group details the impact of a region that
Sitio Royalties and Brigham Minerals to Combine in $4.8 Billion Merger
September 8, 2022
Sitio Royalties Corp. and Brigham Minerals have entered into a definitive agreement to combine in an all-stock merger, with an aggregate enterprise value of approximately $4.8 billion based on the closing share prices on Friday, September 2, 2022. The combination
Palisade Pipeline Launches Open Season on Its Rail Runner Produced Water Gathering Pipeline
September 8, 2022
Palisade Pipeline is conducting a non-binding open season to provide an opportunity for producers and midstream operators to enter into long-term contractual commitments for Palisade’s Rail Runner Produced Water Pipeline System The Rail Runner Pipeline is to be constructed in
Canada Invokes Pipeline Treaty with U.S. Over Wisconsin Line 5 Dispute
September 8, 2022
Canada has invoked a 1977 pipeline treaty with the United States for the second time in less than a year, in this case to prevent a shutdown of Enbridge Inc’s Line 5 pipeline in Wisconsin, Foreign Minister Melanie Joly said
EQT to Acquire Upstream and Midstream Assets in Appalachia for $5.2 Billion
September 7, 2022
EQT, an American natural gas production company, has signed a cash and stock deal worth $5.2 billion to acquire the upstream assets of Tug Hill and the gathering and processing assets of XcL Midstream. The consideration is made up of
Schlumberger Joins the Aiming for Zero Methane Emissions Initiative
September 7, 2022
Schlumberger recently joined the Aiming for Zero Methane Emissions Initiative to support energy companies’ efforts to curb the warming impact of their operational methane emissions. The project, developed by the Oil and Gas Climate Initiative (OGCI), includes two tiers of
EPA Denies Cheniere Request to Exempt LNG Gas Turbines from Pollution Rule
September 7, 2022
The U.S. Environmental Protection Agency (EPA) said on Tuesday it has denied a request from leading liquefied natural gas (LNG) exporter Cheniere Energy to exempt turbines at its two U.S. Gulf Coast terminals from a hazardous pollution rule. The rejection
ExxonMobil, Shell Sign Deal to Divest California JV Asset to IKAV for $4 Billion
September 6, 2022
ExxonMobil Corporation and Shell entered separate agreements to divest their California-based joint venture, Aera Energy, to IKAV for $4 billion. The divestiture marks the end of a 25-year partnership between oil majors ExxonMobil and Shell. Aera Energy was one of
BKV to Expand Carbon Capture Efforts with New Agreement with Verde
September 6, 2022
BKV Corporation has entered into an agreement with Verde Co2 CCS for carbon capture, utilization, and sequestration (CCUS) project identification and evaluation to expand its CCUS and greenhouse gas emissions reduction efforts. “Leveraging Verde’s CCUS expertise is expected to help
Happy Labor Day!
September 2, 2022
Labor Day, the first Monday in September, is a creation of the labor movement and according to the U.S. Department of Labor “is dedicated to the social and economic achievements of American workers. It constitutes a yearly national tribute to
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