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U.S. Drillers Add Most Oil and Gas Rigs in a Week Since November
September 18, 2023
U.S. energy firms last week added the most oil and natural gas rigs in a week since November, with the count rising for a second week in a row, energy services firm Baker Hughes said in its closely followed report
Businesses, Trade Groups Warn that EPA’s PM NAAQS Proposal Could Significantly Damage the Economy
September 18, 2023
The American Petroleum Institute (API) today joined with nearly 90 other trade groups and local businesses spanning the economy in urging the Environmental Protection Agency (EPA) to walk back its unnecessary proposal to reconsider and tighten the recently promulgated National
Kimbell Royalty Closes $455 Million Acquisition of Permian and Mid-Con Mineral and Royalty Interests
September 18, 2023
Kimbell Royalty Partners has closed on the purchase of mineral and royalty interests held by a private seller in a cash transaction valued at approximately $455 million. “The acquisition represents the largest transaction in company history, and is expected to
United States Exports Record Volume of Natural Gas in the First Half of 2023
September 18, 2023
The United States exported more natural gas in the first six months of 2023 than in any other previous six-month period, averaging 12.5 billion cubic feet per day (Bcf/d), 11 percent (1.3 Bcf/d) more than in the same period in
Ron DeSantis to Detail Energy Policy on Visit to Oil-Rich Texas
September 18, 2023
Florida Governor Ron DeSantis plans to unveil a major proposal for energy policy at an event in Midland, Texas next Wednesday during a fundraising swing in the oil-rich state, according to a campaign official. DeSantis is expected to call for
Vital Energy Grows Permian Scale in Three Deals Worth $1.165 Billion
September 15, 2023
Vital Energy has signed three definitive agreements that will materially add scale in the Permian Basin, increase free cash flow, enhance capital efficiency, and significantly reduce leverage. “These transactions increase our scale in the Permian and fit with our proven
Expro to Enhance Subsea Well Access Offering With $106 Million Acquisition of PRT Offshore
September 15, 2023
Expro has entered into a definitive agreement to acquire offshore services provider, PRT Offshore. Total consideration to be paid at closing is approximately $106 million, including $62 million of cash and $44 million of newly issued Expro shares. Potential additional
Tivoli Midstream Acquires NTX Gathering System from Phillips 66
September 15, 2023
Tivoli Midstream has closed on the acquisition of a crude oil pipeline system in Northern Texas (NTX) from affiliates of Phillips 66 Company. The acquisition will be made through Tivoli Services, a subsidiary of Tivoli. NTX consists of approximately 140
Equinor Acquires Stake in Bayou Bend CCS Project Along Gulf Coast in Southeast Texas
September 15, 2023
Equinor has acquired a 25 percent interest in Bayou Bend CCS, positioned to be one of the largest U.S. carbon capture and storage projects located along the Gulf Coast in Southeast Texas. “Commercial CCS solutions are critical for hard-to-abate industries
New Research Shows Red Tape is Holding Up Dozens of Key Energy Projects
September 15, 2023
New research published Friday morning and shared with Fox News Digital sheds light on the growing backlog of energy projects that have been slowed by a cumbersome permitting process. The research — published by the right-leaning Americans for Prosperity in
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