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Elk Range Royalties Closes Acquisition in the Permian Basin with Tower Rock Oil & Gas
February 22, 2023
Elk Range Royalties has closed an acquisition of Permian Basin mineral and royalty interests pursuant to a purchase and sale agreement (PSA) with Tower Rock Oil & Gas and its affiliates. The PSA covers ~2,300 core net royalty acres (NRAs),
Arena Energy Closes Acquisition of Gulf of Mexico Shelf Properties from Cox Operating
February 22, 2023
Arena Energy has closed on the acquisition of Cox Operating’s interest in two fields located in the shallow waters of the Gulf of Mexico. The acquisition consolidates Arena’s ownership interest in Eugene Island 330 and South Marsh 128, both of
Talos Energy Confirms Stockholder Approval for Acquisition of EnVen Energy
February 22, 2023
Talos Energy Inc. said all of the proposals related to its acquisition of EnVen Energy Corporation were approved by the requisite holders of Talos common stock at the company’s special meeting of stockholders held on February 8, 2023. The final
TC Energy Increases Cost Estimate of Coastal GasLink Pipeline to $11 Billion
February 22, 2023
TC Energy has increased the cost estimate of the Coastal GasLink pipeline project in Canada to around C$14.5 billion ($10.9 billion) following the completion of a cost and schedule risk analysis (CSRA). The analysis was done to evaluate the present
Baker Hughes Forms Digital Collaboration with Corva to Enhance Well Construction Efficiency
February 22, 2023
Baker Hughes entered a strategic investment and collaboration agreement with Corva. Corva a Houston-based company that delivers cloud-based well construction digital solutions, to bolster oil and gas customers’ rig visualization and drive enhanced decision making across the well lifecycle. Corva
API Promotes Holly Hopkins to Vice President of Upstream Policy
February 22, 2023
The American Petroleum Institute (API) has promoted Holly Hopkins to vice president of Upstream Policy. In this role, Hopkins will lead API’s efforts concerning the legislative and regulatory issues surrounding the exploration and production of oil and natural gas. Hopkins,
U.S. LNG Producers Poised to Leapfrog Rivals With Three New Projects
February 21, 2023
At least three proposed U.S. liquefied natural gas (LNG) export plants have likely found enough customers to receive financial approvals this year, according to Reuters calculations, developments that would make the country the world’s largest LNG exporter for years to
IER Report Shows Restricting Domestic Oil, Gas Production Leads to Negative Environmental Outcomes
February 21, 2023
The Institute for Energy Research has released a new report comparing the environmental quality of the major oil-producing countries. For many years there has been a political movement centered in North America and Europe seeking to halt oil and gas
House Committee Sees First-hand How Energy Communities Matter
February 21, 2023
Members of the House Energy & Commerce Committee continued their travel to Midland to see first-hand how the region’s oil and gas industry affects local economics and what impact expanding energy production — or lack of expansion — would have
BP Products North America to Acquire TravelCenters of America for $1.3 Billion
February 21, 2023
BP Products North America Inc., a wholly-owned indirect subsidiary of bp, has reached an agreement to purchase TravelCenters of America (TA). The acquisition, which is subject to regulatory and TravelCenters of America shareholder approval, will be for $1.3 billion in
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