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CorEnergy Acquires Crimson’s California Pipeline Assets for $350 Million
February 5, 2021
CorEnergy Infrastructure Trust has acquired Crimson Midstream Holdings, a California Public Utilities Commission (CPUC) regulated crude oil pipeline owner and operator, for consideration valued at approximately $350 million. The acquired assets include four critical infrastructure pipeline systems spanning approximately 1,800
Chevron Makes Offer to Acquire Remaining Stake in Noble Midstream Partners
February 5, 2021
Chevron Corporation has submitted a non-binding proposal to the board of directors of Noble Midstream GP, the general partner of Noble Midstream Partners, to acquire all of the publicly held common units representing limited partner interests in Noble Midstream Partner
Senator Joe Manchin to Serve as Chairman of Senate Energy and Natural Resources Committee
February 5, 2021
Tthe United States Senate passed the organizing resolution giving Senate Democrats control of committees and officially appointing Senator Joe Manchin (D-WV) as chairman of the Senate Committee on Energy and Natural Resources. Senator Manchin served as Ranking Member of the
Contango Completes Acquisition of Silvertip Assets
February 4, 2021
Contango Oil & Gas Company has completed its previously announced acquisition of assets located in the Big Horn, Permian, and Powder River Basins (Project Silvertip). Contango acquired these assets for $58 million, subject to customary purchase price adjustments and an
Pinnacle Midstream II to Build Natural Gas Gathering and Compression System in Midland Basin
February 3, 2021
Pinnacle Midstream II has entered into a 15-year gas gathering, processing, and purchase agreement with DoublePoint Energy. DoublePoint agreed to dedicate certain of its leasehold acreage related to natural gas production to Pinnacle. The agreement anchors Pinnacle’s greenfield build of
UGI to Acquire Mountaineer Gas Company for $540 Million
February 3, 2021
UGI, a Pennsylvania-based energy products distributor, has entered into an agreement to acquire Mountaintop Energy, the owner of Mountaineer Gas Company, a local gas distribution company in West Virginia for an enterprise value of $540 million. The enterprise value includes
Railroad Commission Exceeding Goals for Oil and Gas Well Inspections
February 3, 2021
In 2018, the Railroad Commission began work toward the ambitious goal of inspecting every one of the nearly 440,000 oil and gas wells in the state at least once every five years. The agency is well on its way to
Perma-Pipe Awarded Contract to Supply Five Miles of Subsea Insulated Pipe, Gulf of Mexico
February 2, 2021
Perma-Pipe International Holdings been awarded a contract from LLOG Exploration Offshore to supply over five miles of subsea insulation for tiebacks in the Dome Patrol Field in the Gulf of Mexico. The contract scope awarded to Perma-Pipe covers overseeing engineering
ExxonMobil Low Carbon Solutions to Commercialize Emission-Reduction Technology
February 2, 2021
ExxonMobil has created a new business to commercialize its extensive low-carbon technology portfolio. The new business, ExxonMobil Low Carbon Solutions, will initially focus on carbon capture and storage, one of the critical technologies required to achieve net zero emissions and
West Virginia Braces for Biden Climate Change Policies
February 2, 2021
Joe Biden is following through on his promise to be the climate change president. He has already issued a series of executive orders on the environment and has pledged to achieve a 100 percent clean energy economy with net-zero carbon
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