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Oil Surges After IEA Warns of Shortfall in Supply
March 18, 2022
Oil prices climbed over 7 percent on Thursday after the International Energy Agency (IEA) said three million barrels per day (bpd) of Russian oil and products could be shut in from next month and despite the U.S. Federal Reserve’s decision
Biden Administration Approves More Exports from Major U.S. LNG Terminals
March 18, 2022
The U.S. Energy Department said it had authorized additional exports of liquefied natural gas (LNG) from Cheniere Energy’s Sabine Pass, Louisiana, and Corpus Christi, Texas, terminals. The approvals allow the terminals flexibility to export the equivalent of 0.72 billion cubic
TreadStone Energy Partners III Receives $180M Equity Commitment from Kayne Anderson Energy Funds
March 17, 2022
Following the successful divestment of its oil and gas assets in the Hearne field of East Texas in December 2021, the former management team of TreadStone Energy Partners II has formed TreadStone Energy Partners III with an equity commitment in
FireBird Energy Acquires Chevron’s Midland Basin Assets
March 17, 2022
FireBird Energy has completed an acquisition of operated assets located in the Midland Basin from Chevron and Chevron Midcontinent. The acquisition closed December 30, 2021. “This transaction will be our second major acquisition as we continue to advance our consolidation
Slant Energy II Secures $90 Million Commitment from Pearl Energy Investments
March 17, 2022
Slant Energy II, a newly formed upstream oil and gas exploration and production company, has secured a $90 million commitment from Dallas-based private equity firm, Pearl Energy Investments. Headquartered in Lafayette, Louisiana, Slant II will pursue acquisition and development opportunities
Chesapeake Energy Completes Acquisition of Chief E&D Holdings and Tug Hill Affiliates
March 17, 2022
Chesapeake Energy Corporation has completed its previously reported acquisition of Chief E&D Holdings, and associated non-operated interests held by affiliates of Tug Hill, Inc. “The Chief transaction deepens our premium inventory, allowing us to allocate additional capital toward our world
Williams to Acquire Trace Midstream’s Haynesville Assets for $950 Million
March 16, 2022
U.S.-based midstream company Williams has agreed to acquire the gathering and processing assets of Trace Midstream in the Haynesville shale region in the U.S. for $950 million. Trace Midstream’s Haynesville assets include the Gemini Carthage pipeline (GCP) system, Endeavor gathering
W.Va. Legislature Passes Bill to Cut Off Banks that Refuse to Service Coal, Oil Industries
March 16, 2022
The West Virginia legislature recently passed a bill that would allow the state treasurer to restrict the state’s business with financial institutions that adopt corporate policies to cut off financing for the coal, oil, and natural gas industries. The legislation,
Production at ConocoPhillips Alaska Site Cut By Ongoing Gas Leak
March 16, 2022
An ongoing natural gas leak that has persisted for at least 11 days at a ConocoPhillips field in Alaska has cut into oil production at the site, Reuters reports, citing data from the state’s Department of Revenue. Crude production at
IEA Says 3 Million Barrels Per Day of Russian Oil, Products Could Be Shut in Next Month
March 16, 2022
Three million barrels per day (bpd) of Russian oil and products may not find their way to market beginning in April in the wake of its invasion of Ukraine, the International Energy Agency (IEA) said on Wednesday, as sanctions bite
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