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Permian Resources Continues Buying Spree in New Mexico
February 16, 2024
Permian Resources Corporation has made a series of recent portfolio optimization transactions consisting of two bolt-on acquisitions, a sizeable acreage swap, a divestiture of non-core assets, and additional grassroots acquisitions. “Since closing the Earthstone transaction, Permian Resources has added 14,000
Chesapeake Enters into Long-term LNG Offtake Agreement with Delfin LNG and Gunvor
February 16, 2024
Chesapeake Energy, Delfin LNG, and Gunvor Group entered into a liquefied natural gas (LNG) export deal that includes executed sales and purchase agreements (SPA) for long-term liquefaction offtake. Under the SPA, Chesapeake will purchase approximately 0.5 million tonnes (mtpa) of
Tellurian Explores Sale of Haynesville Upstream Assets
February 16, 2024
Tellurian said it has asked its financial advisor, Lazard, to explore opportunities for the sale of Tellurian’s upstream business. “As we commercialize Driftwood LNG, Tellurian has been reviewing its strategy, including the dynamics of the U.S. natural gas market in
EPA, DOE Launch NOI to Fund Projects to Reduce Methane Emissions from Oil and Gas Sectors
February 15, 2024
The U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy (DOE) released a notice of intent (NOI) to make funds available to help measure and reduce methane emissions from the oil and gas sectors. This funding from the
Reactive Downhole Tools Appoints Niall Urquhart as COO, Chris Barnes as CTO
February 15, 2024
Reactive Downhole Tools has made significant restructuring of its senior management team. Under the leadership of CEO Mike Allen, Niall Urquhart has been appointed as COO. Joining Reactive in 2015, Urquhart has overseen operations across the Middle East, one of
EQT Warns Biden’s LNG Export Pause Sends ‘Chilling Effect’ to the Industry
February 14, 2024
Energy leaders concerned over the Biden Energy Department’s pause on liquefied natural gas export approvals warn the policy could have devastating long-term impacts on their industry as well as energy security for foreign allies. “These types of executive orders send
Pioneer Natural Resources Shareholders Approve $60 Billion Exxon Merger
February 14, 2024
During a virtual special meeting, Pioneer stockholders greenlit a merger with ExxonMobil, endorsing the merger agreement with a significant majority vote. However, they rejected the proposed executive compensation related to the deal in a non-binding vote. The success of the
Diamondback Energy and Endeavor Energy Resources to Merge in $26 Billion Deal
February 12, 2024
Diamondback Energy and Endeavor Energy Resources have entered into a definitive merger agreement under which Diamondback and Endeavor will merge in a transaction valued at approximately $26 billion, inclusive of Endeavor’s net debt. The combination will create a premier Permian
U.S. Drillers Add Oil and Gas Rigs for Third Time in Four Weeks
February 12, 2024
U.S. energy firms last week added oil and natural gas rigs for the third time in four weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator
EY Report: Two Thirds of Energy Consumers Unwilling to Spend More Time and Money to Be Sustainable
February 12, 2024
Consumer action will be the critical driver of success in the energy transition. And while energy consumers are more interested than ever in sustainability and the potential of a clean energy future, 70 percent say they won’t spend more time
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