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Baytex to Acquire Eagle Ford Operator Ranger Oil for $2.5 Billion
February 28, 2023
Baytex Energy Corp. has entered into a definitive agreement to acquire Ranger Oil Corporation, a pure play Eagle Ford company. The total consideration to be paid by Baytex, including assumption of net debt, is approximately US$2.5 billion (C$3.4 billion). The
In New Subcommittee Role, U.S. Rep. Stauber Aims for Permitting Reform, Oversight of Biden
February 28, 2023
U.S. Rep. Pete Stauber was named chair of the Energy and Mineral Resources Subcommittee earlier this month. The subcommittee, under the umbrella of the House Committee on Natural Resources, has jurisdiction over energy production on federal lands, both on and
Chevron to Install New Technologies Aboard Its Vessels to Lower Carbon LNG Fleet
February 28, 2023
Chevron Corporation, through its subsidiary Chevron Shipping Company, has entered into an agreement with Sembcorp Marine Repairs & Upgrades, a wholly owned subsidiary of Sembcorp Marine, intending to reduce the carbon intensity of their LNG fleet operations. Under the agreement,
Bentley Systems Founder Keith Bentley to Retire, Julien Moutte Promoted to Chief Technology Officer
February 28, 2023
In April 2023 founder Keith Bentley will step down as chief technology officer to assume the role of technology advisor through his anticipated retirement later in the year. Bentley will continue his service on Bentley Systems’ board of directors. His
Foothills Exploration Acquires 545 Leases and Wells Located in Kansas and Oklahoma
February 27, 2023
Foothills Exploration has acquired certain leases and wells located in Kansas and Oklahoma. The world is expected to remain dependent upon oil and natural gas as transitional energy sources until the world can produce enough quantities of green energy. Natural
Gulfstream LNG Begins Permitting Process and Advances Project Development
February 27, 2023
Gulfstream LNG Development, a recently launched mid-sized greenfield LNG export project, has filed an application to the United States Department of Energy (DOE) seeking authorization to export up to four million tonnes per annum (MTPA) of liquefied natural gas (LNG)
American Electric Power Signs Agreement to Sell Unregulated Renewables Assets in $1.5 Billion Deal
February 27, 2023
American Electric Power (AEP) has entered into an agreement to sell its 1,365-megawatt (MW) unregulated, contracted renewables portfolio to IRG Acquisition Holdings, a partnership owned by Invenergy, CDPQ, and funds managed by Blackstone Infrastructure, at an enterprise value of $1.5
U.S. Drillers Cut the Most Oil and Gas Rigs in a Month Since June 2020
February 27, 2023
U.S. energy firms in February cut the most oil and natural gas rigs in a month since June 2020, with the gas rig count falling to the lowest since April, energy services firm Baker Hughes said in its closely followed
Diamondback Closes $1.55 Billion Acquisition of Lario Permian
February 24, 2023
Diamondback Energy has completed its acquisition of all leasehold interests and related assets of Lario Permian, a wholly owned subsidiary of Lario Oil & Gas Company, and certain associated sellers. “Lario is an attractive bolt-on to our existing Martin County
Cardinal Midstream Acquires Medallion’s Natural Gas Business in Prolific Delaware Basin
February 24, 2023
Cardinal Midstream Partners has closed its acquisition of Medallion Midstream Services’ natural gas gathering and processing business in the prolific Delaware Basin in West Texas. The newly acquired business spans Reeves and Loving counties and includes approximately 80 miles of
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