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Lagoon Water Midstream Enters Midland Basin with Acquisition of Double Drop Resources
October 26, 2021
Lagoon Water Midstream said it has closed on the acquisition of Double Drop Resources, a water management company located in the Midland Basin. With ongoing support from Macquarie Infrastructure Partners, this acquisition significantly expands Lagoon’s operations and establishes it as
Enbridge Acquires Moda Midstream for $3 Billion
October 26, 2021
Enbridge has entered into a definitive purchase agreement with EnCap Flatrock Midstream to acquire Moda Midstream Operating for $3.0 billion in cash, subject to closing adjustments. The acquisition will significantly advance the company’s U.S. Gulf Coast export strategy and connectivity
EQT to Acquire Shale Operator Alta Resources for $2.9 Billion
October 26, 2021
EQT has agreed to acquire all of the membership interests in shale operator Alta Resources Development’s upstream and midstream subsidiaries for about $2.92 billion in a cash-cum-stock deal. The deal gives 300,000 core net acres in the Marcellus Shale in
Elk Range Royalties Acquires Permian Basin Royalty Interests
October 26, 2021
Elk Range Royalties has acquired certain Permian Basin royalty interests from an undisclosed seller. The acquired assets include roughly 2,600 core net royalty acres evenly split between the Delaware and Midland Basins with most of the interests located in Loving,
Demand Jumps for Canadian Natural Gas, Driving Exports to U.S. to Three-year Highs
October 25, 2021
Demand has jumped for relatively cheap Canadian natural gas, driving exports to the United States to three-year highs and prompting producers in Canada to boost capital spending and drilling activity. Global natural gas prices have hit multiyear highs as world
Seth Whitehead: Europe’s Energy Nightmare Doesn’t Have to Be Duplicated Here
October 25, 2021
Americans who think it’s a good idea to ban oil and natural-gas development and quickly transition to 100 percent renewables should tune into an energy reality show that will be airing in the form of cautionary news reports from across
Texas Rep. Arrington Leads Letter to EPA on Postponing Emissions Guidelines from Low-Producing Wells
October 25, 2021
Rep. Jodey Arrington is leading an effort to urge the Environmental Protection Agency (EPA) to postpone updates to the New Source Performance Standards and Emissions Guidelines for the oil and gas industry Arrington and nine other House members signed the
UGI Gets Pennsylvania Commission Approval for Renewable Natural Gas Pilot Program
October 25, 2021
Denver, Pa.-based UGI Utilities received approval from the Pennsylvania Public Utility Commission to purchase renewable natural gas (RNG) as part of a five-year pilot program. The pilot program seeks to explore how UGI Utilities, a subsidiary of UGI Corp., can
Dems Scramble for Climate Plan C as Manchin Dashes their Dreams
October 22, 2021
Joe Manchin is hearing a dire pitch from his colleagues: Don’t blow our chance to save the world. After Manchin rejected a centerpiece of President Joe Biden’s climate plan and rebuffed a separate carbon tax Tuesday, Senate Democrats are urgently
Exxon Mobil Pledges $400 Million to Boost Wyoming Carbon Capture
October 22, 2021
ExxonMobil initiated the process for engineering, procurement, and construction contracts as part of its plans to expand carbon capture and storage (CCS) at its LaBarge, Wyoming facility, which has already captured more CO2 than any other facility in the world.
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