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Barrell Energy to Develop Gulf Coast Carbon Storage Network in Louisiana and Texas

August 31, 2023

Barrell Energy said it is developing the Gulf Coast Storage Network (GCSN), which currently consists of four carbon sequestration sites along the Gulf Coast in Louisiana and Texas. “Carbon sequestration is rapidly emerging as a current technological solution for the

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Agencies Launch $350 Million Funding Opp to States to Cut Methane Emissions from Oil and Gas Sector

August 31, 2023

The U.S. Environmental Protection Agency (EPA), U.S. Department of Energy (DOE), and DOE’s National Energy Technology Laboratory (NETL) announced today the availability of up to $350 million in formula grant funding to help monitor and reduce methane emissions from the

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Peregrine Energy Solutions Raises $700 Million for Energy Transition Technologies

August 31, 2023

Peregrine Energy Solutions has signed an agreement with funds managed by AB CarVal to raise over $700 million of credit, equity, and debt to fund Peregrine’s pipeline of over seven gigawatts of high-quality projects, including standalone battery, solar and wind

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PHX Minerals Acquires Haynesville Play in Louisiana, Texas; SCOOP Play in Oklahoma for $13.6 Million

August 30, 2023

PHX Minerals Inc. has agreed to acquire approximately 988 net royalty acres targeting the Haynesville play in Louisiana and Texas and the SCOOP play in Oklahoma from five separate sellers for aggregate consideration of $13.6 million in cash, subject to

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Earthstone Energy Closes Acuisition of Novo Oil & Gas’ Northern Delaware Basin Assets

August 30, 2023

Earthstone Energy has closed on the acquisition of the northern Delaware Basin assets of Novo Oil & Gas Holdings. “We are excited to incorporate Novo’s assets into Earthstone’s premier northern Delaware position. A key piece of our strategy has been

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Occidental to Acquire Direct Air Capture Technology Innovator Carbon Engineering for $1.1 Billion

August 30, 2023

Occidental has entered into a definitive purchase agreement to acquire all the outstanding equity of Carbon Engineering Ltd. for total cash consideration of approximately $1.1 billion, to be made in three approximately equivalent annual payments, with the first at closing.

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Ring Energy Completes Acquisition of Founders Oil & Gas’ Central Basin Platform

August 30, 2023

Ring Energy has completed its acquisition of the Central Basin Platform (CBP) assets of Founders Oil & Gas. Founders’ CBP operations are located in the Permian Basin in Ector County, Texas and are focused on the development of approximately 3,600

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Kimbell Royalty Partners to Acquire Royalty Interest in Permian Basin and Mid-Continent for $455M

August 29, 2023

Kimbell Royalty Partners has agreed to acquire mineral and royalty interests held by a private seller in a cash transaction valued at approximately $455 million. The seller’s acreage is located in the Permian Basin and Mid-Continent, with high interest locations

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Chairs Rodgers, Duncan Unveil Draft Legislation to Modernize and Expand U.S. Pipeline Infrastructure

August 29, 2023

House Energy and Commerce Committee Chair Cathy McMorris Rodgers (R-WA) and Energy, Climate, and Grid Security Subcommittee Chair Jeff Duncan (R-SC) unveiled draft legislation, the Pipeline Safety, Modernization, and Expansion Act of 2023, which will help unleash clean, affordable American

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Kimmeridge Raises $1 Billion to Invest in Oil Patch

August 29, 2023

Kimmeridge Energy Management has amassed more than $1 billion to acquire and develop oil-and-gas assets, as other investors retreat from the sector. The New York-based firm wrapped up Kimmeridge Fund VI LP with roughly 25 percent more capital than the

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