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Diamondback Energy and Five Point Energy Form New JV Entity, Deep Blue Midland Basin
September 13, 2023
Diamondback Energy and Five Point Energy have formed a new joint venture entity, Deep Blue Midland Basin. This strategic joint venture creates the largest independent water infrastructure platform in the Midland Basin with substantial excess capacity in place to pursue
Chevron Acquires Majority Stake in Advanced Clean Energy Storage Hydrogen Project, Utah
September 13, 2023
Chevron U.S.A., through its Chevron New Energies division, has closed a transaction with Haddington Ventures to acquire 100 percent of Magnum Development including a majority interest in ACES Delta, which is a joint venture between Mitsubishi Power Americas and Magnum
South Dakota Regulators Deny Permit for Navigator CO2 Carbon Pipeline
September 13, 2023
In a unanimous decision, the three-member South Dakota Public Utilities Commission on Wednesday rejected Navigator CO2’s application for a permit to construct the Heartland Greenway carbon capture pipeline in South Dakota. The commission also unanimously refused the company’s request to
Precision Drilling to Acquire CWC Energy Services for $141 Million
September 12, 2023
Precision Drilling Corporation has entered into an agreement to acquire all of the issued and outstanding common shares of CWC Energy Services for total consideration of approximately $141 million, comprised of 947,909 Precision shares, valued at approximately $88 million as
Crescent Energy to Acquire Additional Interests in Operated Western Eagle Ford Position for $250M
September 12, 2023
Crescent Energy Company has entered into a definitive purchase agreement to acquire incremental working interest in its operated Western Eagle Ford assets for total consideration of $250 million in cash, subject to customary purchase price adjustments. The acquisition follows the
New Study Says Permitting Delays and Energy Litigation are Hurting U.S. Economy
September 12, 2023
Americans For Prosperity (AFP) published a report Friday that examined 30 energy projects across the country that were delayed or canceled as a result of regulatory barriers and litigation, which the group says is killing jobs and raising energy costs.
BP Enters LNG Offtake Contract with Woodfibre’s British Columbia LNG Facility
September 12, 2023
bp has entered its third long-term liquefied natural gas (LNG) offtake contract from the Woodfibre LNG facility based in British Columbia, Canada. With the additional contract to offtake 0.45 million tonnes of LNG per year (mtpa) for 15 years on
Magnolia Oil & Gas to Acquire Bolt-on Asset in Giddings for $300 Million
September 11, 2023
Magnolia Oil & Gas Corporation has entered into a definitive purchase agreement to acquire certain oil and gas producing properties including leasehold and mineral interests in Giddings for $300 million, subject to customary purchase price adjustments. The cash outlay at
Equitrans Midstream Appoints Diana Charletta as Chief Executive Officer
September 11, 2023
Equitrans Midstream Corporation said Thomas Karam will step down from his role as chief executive officer of Equitrans Midstream to become the company’s executive chairman. Diana Charletta, currently president and chief operating officer of Equitrans, will succeed Karam as Equitrans’
API Files Preliminary Injunction in Lease Sale 261 Challenge
September 11, 2023
The American Petroleum Institute (API) issued the following statement from senior vice president and general counsel Ryan Meyers on API’s motion for preliminary injunction filed in the U.S. District Court Western District of Louisiana seeking immediate action from the court
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