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BP Sells Large Stakes in Permian, Eagle Ford Midstream to Sixth Street for $1.5 Billion
December 11, 2025
bp has reached an agreement for Sixth Street-managed funds to purchase non-controlling interests in Permian and Eagle Ford midstream assets of bpx energy — bp’s U.S. onshore oil and gas business. bp will remain operator of all the assets. The
Pelican Energy Partners Acquires Hydraulic, Pneumatic Maker Hanna Cylinders
December 11, 2025
Pelican Energy Partners has acquired Hanna Cylinders. Headquartered in Pleasant Prairie, Wisconsin, Hanna is a leading manufacturer of precision-engineered hydraulic and pneumatic cylinders designed for high-performance industrial applications. Hanna will serve as a strategic platform within Pelican’s investment strategy that
EIA Modernizes Its Short-Term Energy Outlook Reports, More Integrated and Timely Forecasting System
December 10, 2025
Alongside publication of this month’s Short-Term Energy Outlook (STEO), the Energy Information Administration (EIA) announced plans to modernize its core short-term forecasting system. “EIA is decisively accelerating toward a more integrated and timely forecasting system that better reflects the evolving
Senate Passes Resolution to Reopen Alaska Coastal Plain to Oil and Gas Leasing
December 8, 2025
The U.S. Senate voted last week to overturn a Biden-era policy that restricted oil and gas drilling in most of the Arctic Wildlife Refuge’s Coastal Plain, advancing a Trump administration effort to open the area to energy development. In a
EPA Issues Final Rule to Extend Unrealistic Compliance Deadlines for Oil and Gas Industry
December 5, 2025
The U.S. Environmental Protection Agency (EPA) Administrator Lee Zeldin is taking final action on the agency’s July 2025 interim final rule (IFR) to extend several compliance deadlines in the Biden-Harris Administration’s Clean Air Act (CAA) rules for the oil and
Gulf Coast LNG Boom Brings Billion-Dollar Construction Surge
December 4, 2025
The Gulf Coast region is experiencing a surge in construction driven by the development of liquefied natural gas (LNG) infrastructure. Including, for example, two Texas mega-projects (construction projects worth $1 billion and up) that broke ground this year across the
DOE Releases National Petroleum Council Recommendations to Accelerate Permitting Reform
December 4, 2025
The U.S. Department of Energy (DOE) released key studies from the National Petroleum Council (NPC) that provide comprehensive recommendations to help modernize America’s energy infrastructure, streamline federal permitting, and remove regulatory barriers that have stalled the development of critical energy projects. The
Mammoth Energy Services Completes $30 Million Sale of Its Subsidiary Aquawolf to Qualus
December 3, 2025
Mammoth Energy Services has completed a sale of all equity interests in its wholly owned subsidiary, Aquawolf to Qualus for an aggregate sales price of $30 million, advancing the company’s ongoing transformation and portfolio optimization initiatives. Aquawolf’s revenue grew from
DOI Rescinds 2024 Rule on Alaska Petroleum Reserve, Unlocking Energy Potential
December 3, 2025
The Department of the Interior released a final rule rescinding the 2024 Bureau of Land Management rule governing the National Petroleum Reserve in Alaska, a major step in unlocking the energy potential of the roughly 23-million-acre reserve. “By rescinding the
Targa Resources to Acquire Permian Basin Gathering & Processing System for $1.25 Billion
December 2, 2025
Targa Resources entered into a definitive agreement to acquire Stakeholder Midstream for $1.25 billion in cash. “This acquisition is a nice bolt-on asset that has meaningful free cash flow supported by a stable to modestly growing volume profile with minimal
