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NEWS Click on text to read news by category: General | Product | People | Worldwide

1PointFive, Boston Consulting Group Enter Agreement for Direct Air Capture Carbon Removal Credits

January 12, 2024

Boston Consulting Group (BCG) has agreed to purchase 21,000 metric tons of carbon dioxide removal (CDR) credits from 1PointFive over three years. BCG is collaborating with 1PointFive through consulting services, including to develop business processes that support direct air capture

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Baytex Energy Sells Canadian Oil Assets for $153.8 Million

January 10, 2024

Baytex Energy has entered into a definitive agreement to sell some of its Viking assets located at Forgan and Plato in southwest Saskatchewan, effective October 1, 2023, for $153.8 million. Production from the assets is approximately 4,000 boe/d (100 percent

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Williams Closes $1.3 Billion in Acquisitions of Cureton Front Range and Rocky Mountain Midstream

January 10, 2024

Williams said it has successfully closed two strategic transactions that now position the company as the third largest gatherer in the DJ Basin. First, the acquisition of Cureton Front Range, whose assets include gas gathering pipelines and two processing plants

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Blackstone Acquires Power Grid Components

January 10, 2024

Blackstone said that private equity funds affiliated with Blackstone have closed the acquisition of Power Grid Components, Inc. (PGC) from Shorehill Capital LLC. PGC is a leading domestic designer and manufacturer of a wide range of critical components for protection,

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EQT Joins the Oil & Gas Decarbonization Charter

January 10, 2024

EQT Corporation said it has joined the Oil and Gas Decarbonization Charter (OGDC) unveiled at COP28. This landmark charter is dedicated to speeding up climate action and achieving high-scale impact across the oil and gas sectors. “EQT is proud to

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Howard Energy Partners Complete $800 Million in Expansion Projects

January 9, 2024

Howard Energy Partners (HEP) said it completed approximately $800 million in growth projects in 2023, consisting of new major pipelines and processing facilities in the most active oil and gas producing basins in the United States and new storage and

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Freehold Royalties to Acquire Permian Basin Royalty Assets for $82.5 Million

January 9, 2024

Freehold Royalties Ltd. has entered into definitive agreements with two private sellers to acquire high quality Permian mineral title and royalty assets located in the Midland basin in Texas and the Delaware basin in New Mexico and Texas for approximately

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Pantheon Resources Awarded Multiyear Leasing Program on Alaska’s North Slope

January 9, 2024

Pantheon Resources, an oil and gas company with a 100 percent working interest in the Kodiak and Ahpun projects, has released the results of its multiyear leasing program. Pantheon has been awarded 66,240 acres on the North Slope covering: •

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Fury Resources to Acquire Battalion Oil for $450 Million

January 9, 2024

Battalion Oil Corporation has entered into an agreement and plan of merger with Fury Resources, Inc. Fury Resources will acquire all of the outstanding shares of common stock of Battalion for $9.80 per share in cash, which represents a total

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Unit Corp. Divests Texas Panhandle Assets for $50 Million

January 9, 2024

Unit Corporation has completed the sale of certain non-core oil and gas assets in the Texas Panhandle to a third party for net cash proceeds received at closing of $50 million, subject to customary post-closing adjustments pursuant to the terms

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