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Colorado Approves PDC Energy’s Kenosha Oil and Gas Development Plan Permit
June 15, 2022
PDC Energy said the Colorado Oil and Gas Conservation Commission (COGCC) approved the company’s Kenosha Oil & Gas Development Plan (OGDP) permit application. The Kenosha OGDP, which encompasses 69 wells on three pads in rural Weld County, Colorado, marks an
U.S. Agrees to $500 Million Loan Guarantee for Utah Hydrogen Storage Project
June 15, 2022
The U.S. Department of Energy said it has finalized a $504.4 million loan guarantee to help finance the world’s largest storage facility for hydrogen, a gas that can be produced with renewable power and used to generate electricity. Hydrogen can
Countries Mull Delaying New EU Carbon Market in Search of Climate Deal
June 15, 2022
European Union countries are considering a one-year delay to the launch of a new European carbon market for buildings and transport, pushing back the start to 2027, as they seek a compromise on more ambitious climate policies, draft documents show.
API Unveils Ten-Point Policy Plan to Restore U.S. Energy Leadership, Fuel Economic Recovery
June 14, 2022
The American Petroleum Institute (API) released a 10 in 2022 Plan — 10 policies that policymakers can advance today to unlock American energy, fuel economic recovery, and strengthen national security. As energy costs and geopolitical instability around the world continue
IPAA Leader Says Industry is Doing a Lot to Address Energy Concerns
June 14, 2022
Energy-related issues are gaining significant attention in the nation’s capital, and that’s compelling industry associations to increase their vigilance. “There’s so much going on in D.C.,” said Dan Naatz, senior vice president, government relations and political affairs with the Independent
Desert Peak Minerals and Falcon Minerals Complete Merger, Create Sitio Royalties
June 13, 2022
Desert Peak Minerals and Falcon Minerals Corporation has completed their merger, creating Sitio Royalties Corp., a company focused on large-scale consolidation of high-quality oil and gas mineral and royalty interests across diversified operators. With a proven track record of completing
Mitsubishi Power, Georgia Power, EPRI Complete World’s Largest Hydrogen Fuel Blending Process
June 13, 2022
Mitsubishi Power and Georgia Power, alongside the Electric Power Research Institute (EPRI), this month successfully validated fuel blending of hydrogen and natural gas at both partial and full load on an M501G natural gas turbine at Georgia Power’s Plant McDonough-Atkinson
Ranger Oil to Acquire Strategic Oil Producing Eagle Ford Assets for $64 Million
June 13, 2022
Ranger Oil Corporation has signed separate agreements to acquire three “bolt-on” oil producing properties in the Eagle Ford shale contiguous to Ranger’s existing assets for a total purchase price of approximately $64 million in cash, subject to customary adjustments. The
Vermilion Energy to Acquire Leucrotta Exploration for C$477 Million
June 13, 2022
Vermilion Energy entered into an arrangement agreement to acquire Leucrotta Exploration Inc. for a net cash purchase price of C$477 million. Leucrotta is a Canadian publicly listed Montney-focused oil and natural gas exploration and development company with lands located in
State Financial Officers Foundation Hold Meeting to Discuss Plan for ESG Investing Practices
June 10, 2022
State Treasurer Riley Moore and financial officers from other states warn that the trend by financial institutions to base investments on non-financial factors, such as environmental and social issues, are a “progressive trojan horse” to get around the normal political
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