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Black Stone Enters Agreement with Aethon Energy to Restart Development of Shelby Trough Acreage
May 7, 2020
Black Stone Minerals has entered into a development agreement with affiliates of Aethon Energy with respect to the company’s undeveloped Shelby Trough Haynesville and Bossier shale acreage in Angelina County, Texas. The agreement provides for minimum well commitments by Aethon
GoExpedi Raises $15 Million Debt Facility to Accelerate Market Expansion
May 7, 2020
GoExpedi raised a $15 million debt facility from Silicon Valley Bank (SVB). The additional liquidity will be used to significantly expand GoExpedi’s warehouse capacity throughout North America and hire additional software developers to meet the accelerated demand for its innovative,
Nodal Exchange Sets Records in Power, Environmental, and Natural Gas Open Interest in April
May 7, 2020
Nodal Exchange achieved record open interest in power, environmental, and natural gas futures in April 2020. Nodal Exchange continues to improve its strong position in the North American monthly power futures markets achieving a record 992 million MWh of open
Wellsite Navigator Releases Major Upgrade for Its Oilfield App
May 7, 2020
Wellsite Navigator has released its much-anticipated total redesign for its oilfield app. The navigation app has added new functionality and highly-requested features that will improve the lives of hundreds of thousands of oilfield workers across the U.S., including 5-day satellite
National Fuel to Acquire Shell’s Upstream and Midstream Assets in Pa. for $541 Million
May 6, 2020
National Fuel Gas (NFG) has signed an agreement with SWEPI LP, a subsidiary of Royal Dutch Shell, to acquire the latter’s upstream and midstream gathering assets in Pennsylvania for $541 million. Under the terms of the deal, NFG has agreed
KLX Energy Services and Quintana Energy Services Sign Agreement to Merge
May 6, 2020
US-based onshore oilfield services provider, KLX Energy Services has signed an agreement to merge with Quintana Energy Services in an all-stock merger transaction. As per the terms of the merger transaction, QES shareholders will receive 0.4844 shares of KLXE common
Federal Reserve’s Expanded Lending Program Could Help Wyoming Oil and Gas
May 6, 2020
Changes made to a federal lending program last week could open up loans to Wyoming oil and gas firms left reeling from volatile oil prices and low fuel demand during the pandemic. The Federal Reserve released new guidelines Thursday for
U.S. Energy Production Exceeds Consumption for First Time Since 1957
May 6, 2020
Last year, U.S. energy production overtook consumption for the first time in 62 years due to a mix of production growth and moderate consumption decrease. In all, the United States produced 101 quadrillion British thermal units (quads) of energy, according
Siemens to Supply Compression Equipment for Midcoast Energy’s Pipeline Expansion Project, Texas
May 5, 2020
Siemens Gas and Power was awarded a contract to supply two SGT-400 gas turbine compression packages for Midcoast Energy’s CJ Express pipeline expansion project in east Texas. WHC Energy Services, supported by Universal Pegasus International, will be the engineering, procurement
Ozinga Energy and Ingevity Enter Partnership for Adsorbed Natural Gas Vehicles
May 5, 2020
Ingevity and Ozinga Energy have entered into a partnership to begin a field demonstration of adsorbed natural gas (ANG) bi-fuel pickup trucks. Developed by Adsorbed Natural Gas Products and Ingevity, the ANG system is made possible by the unique performance
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