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EON Resources Enters $22.5 Million Funding Arrangement for Permian Well Completions
December 3, 2024
EON Resources has signed a non-binding letter of intent with Enstream Capital Management (ECM) for $22.5 million of well completion funding (WCF). The company anticipates using the WCF for the development of 45 wells using low-cost workovers on the company’s
Innovex Closes $104 Million Acquisition of Downhole Well Solutions
December 3, 2024
Innovex International has completed the acquisition of the remaining equity ownership of Downhole Well Solutions (DWS). Innovex will continue its successful partnership with DWS and its management team. Founded in 2019, DWS is a leading provider of proprietary drilling optimization
GeoPark Signs SPA to Acquire Repsol’s Colombian Assets for $530 Million
December 3, 2024
GeoPark Limited has signed sale and purchase agreements (SPAs) with Repsol to acquire Repsol’s upstream oil and gas assets in Colombia. The potential acquisition would incorporate high-quality assets located in the prolific Llanos Basin, one of Colombia’s most productive oil
DOE Commits to $7.54 Billion for Stellantis Venture to Build Electric Vehicle Battery Plants,Indiana
December 3, 2024
A Stellantis joint venture with Samsung SDI has won a commitment from the U.S. government for up to a $7.54 billion loan to help build two electric vehicle battery plants in Kokomo, Indiana. The project being built by StarPlus Energy
Equinor to Acquire EQT’s Northern Marcellus Formation for $1.25 Billion
December 2, 2024
Equinor has signed an agreement with EQT Corporation to acquire additional non-operated interest in the Northern Marcellus formation in the US. Equinor will pay $1.25 billion to EQT in the transaction. Under the agreement, Equinor is acquiring 100 percent of
Pantheon Resources Spuds Its Megrez-1 Well, Alaska
December 2, 2024
Pantheon Resources, an oil and gas company developing the Kodiak and Ahpun oil fields in close proximity to pipeline and transportation infrastructure on Alaska’s North Slope, has spuded its Megrez-1 well to explore the eastern topsets in the Ahpun field,
Orion Acquires SCOOP/STACK Interests of Oklahoma, Files a Provisional Patent
December 2, 2024
Orion Diversified Holding Co. has closed on an acquisition of a royalty interest in the SCOOP Stack of Garvin County, Oklahoma. The property consists of a 0.59 percent royalty interest in 170 acres with active drilling leases already permitted in
KKR to Acquire Stake in Eni’s Biofuels Business for $3.2 Billion
December 2, 2024
Eni and KKR have signed an agreement where KKR will take a 25 percent stake in Enilive’s share capital, for a total agreed consideration of $3.2 billion (€2.938 billion). According to the agreement, Eni will undertake a capital increase in
Michigan Moves to Create State-Run Carbon Capture Permitting Program
December 2, 2024
Michigan lawmakers are proposing a trio of bills — chief among them SB 1131 — to establish a state-run program for permitting and overseeing carbon capture and sequestration projects. This move is backed by a coalition of businesses, labor unions,
ConocoPhillips Completes Acquisition of Marathon Oil
November 27, 2024
ConocoPhillips has completed its acquisition of Marathon Oil Corporation. “This acquisition of Marathon Oil is a perfect fit for ConocoPhillips, adding to our deep, durable and diverse portfolio while meeting our strict financial framework,” said Ryan Lance, chairman and chief
