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Texas Pacific Land Corp., WaterBridge Form Delaware Basin Water Development, Sustainability Alliance
September 13, 2022
Texas Pacific Land Corporation (TPL) and WaterBridge NDB entered into a long-term agreement that establishes an alliance focused on sustainable oil and gas development on over 64,000 acres in Loving and Reeves County in the core of the Delaware Basin.
U.S. Oil & Gas Rig Count Falls to Lowest Since Late July
September 12, 2022
U.S. energy firms this week cut the number of oil and natural gas rigs operating to the lowest since late July as the growth in the rig count and production has slowed despite relatively high energy prices. The U.S. oil
Thai Gulf Energy Invests $409 Million in 49% Stake in Illinois Power Project
September 12, 2022
Thailand’s Gulf Energy Development on Friday said it has invested $409 million in a 49 percent stake in Jackson Generation, a 1,200-megawatt gas-fired power project in Illinois, its first expansion into the United States. Gulf is acquiring the stakes from
New Fortress Energy Creates $2 Billion JV
September 12, 2022
New Fortress Energy (NFE) and Apollo have entered into a definitive equity purchase and contribution agreement to sell 11 LNG infrastructure vessels owned by NFE to a newly formed joint venture between funds managed by Apollo and NFE in a
STEP Energy Services Acquires ProPetro’s Coiled Tubing Assets for $17.2 Million
September 9, 2022
STEP Energy Services has acquired four high-spec, ultradeep capacity coiled tubing units, ancillary equipment along with the divisional leadership and operational personnel from ProPetro Holding Corp. for approximately $17.2 million. The acquisition solidifies STEP as North America’s leading provider of
Helix Energy Solutions Acquires Gulf of Mexico Leases from Murphy Oil JV
September 9, 2022
Helix Energy Solutions Group’s wholly owned subsidiary Deepwater Abandonment Alternatives (DAA) has acquired from MP Gulf of Mexico (MP GOM) all of MP GOM’s 62.5 percent interest in Mississippi Canyon Block 734, comprised of three wells and related subsea infrastructure,
DOE Invests $31M to Advance Carbon Capture and Storage for Natural Gas Power and Industrial Sectors
September 9, 2022
The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) allocated more than $31 million in funding for ten projects to develop carbon capture technologies capable of capturing at least 95 percent of carbon dioxide (CO2)
New Report Highlights Permian’s Growth as Economic Engine
September 9, 2022
Already a global energy powerhouse, the Permian Basin is proving to be an economic powerhouse as well. A new economic impact report issued Tuesday by the Permian Strategic Partnership and The Perryman Group details the impact of a region that
Sitio Royalties and Brigham Minerals to Combine in $4.8 Billion Merger
September 8, 2022
Sitio Royalties Corp. and Brigham Minerals have entered into a definitive agreement to combine in an all-stock merger, with an aggregate enterprise value of approximately $4.8 billion based on the closing share prices on Friday, September 2, 2022. The combination
Palisade Pipeline Launches Open Season on Its Rail Runner Produced Water Gathering Pipeline
September 8, 2022
Palisade Pipeline is conducting a non-binding open season to provide an opportunity for producers and midstream operators to enter into long-term contractual commitments for Palisade’s Rail Runner Produced Water Pipeline System The Rail Runner Pipeline is to be constructed in
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