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Ring Energy Completes Acquisition of Founders Oil & Gas’ Central Basin Platform
August 30, 2023
Ring Energy has completed its acquisition of the Central Basin Platform (CBP) assets of Founders Oil & Gas. Founders’ CBP operations are located in the Permian Basin in Ector County, Texas and are focused on the development of approximately 3,600
Kimbell Royalty Partners to Acquire Royalty Interest in Permian Basin and Mid-Continent for $455M
August 29, 2023
Kimbell Royalty Partners has agreed to acquire mineral and royalty interests held by a private seller in a cash transaction valued at approximately $455 million. The seller’s acreage is located in the Permian Basin and Mid-Continent, with high interest locations
Chairs Rodgers, Duncan Unveil Draft Legislation to Modernize and Expand U.S. Pipeline Infrastructure
August 29, 2023
House Energy and Commerce Committee Chair Cathy McMorris Rodgers (R-WA) and Energy, Climate, and Grid Security Subcommittee Chair Jeff Duncan (R-SC) unveiled draft legislation, the Pipeline Safety, Modernization, and Expansion Act of 2023, which will help unleash clean, affordable American
Kimmeridge Raises $1 Billion to Invest in Oil Patch
August 29, 2023
Kimmeridge Energy Management has amassed more than $1 billion to acquire and develop oil-and-gas assets, as other investors retreat from the sector. The New York-based firm wrapped up Kimmeridge Fund VI LP with roughly 25 percent more capital than the
Occidental and ADNOC to Partner for Potential Direct Air Capture Investment
August 29, 2023
Occidental and ADNOC said they will evaluate investment opportunities in direct air capture (DAC) facilities and carbon dioxide (CO2) sequestration hubs in the United States and the United Arab Emirates (UAE) as a pathway toward the development of carbon management
SunGas to Build $2 Billion Green Methanol Facility, Louisiana
August 29, 2023
SunGas Renewables has formed Beaver Lake Renewable Energy (BLRE), which will construct a new green methanol production facility in Central Louisiana. A wholly-owned subsidiary of SunGas Renewables, BLRE is expected to generate from the facility nearly 400,000 metric tons of
DOE Issues NOI to Fund Buildout of Carbon Dioxide Transportation System
August 29, 2023
The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) issued a notice of intent (NOI) to provide funding for DOE’s Carbon Dioxide (CO2) Transportation Infrastructure Finance and Innovation (CIFIA) Future Growth Grants program, focused on
BOEM Sets Sale for Gulf of Mexico Oil and Gas Lease Sale 261 for September 27
August 28, 2023
The Bureau of Ocean Energy Management (BOEM) will publish the final notice of sale (FNOS) and record of decision (ROD) for Gulf of Mexico Oil and Gas Lease Sale 261 in the Federal Register on August 25, 2023. BOEM plans
Devon Energy and WaterBridge Enter Delaware Basin Midstream JV
August 28, 2023
WaterBridge NDB, a portfolio company of Five Point Energy, has formed NDB Midstream, a strategic partnership with WPX Energy Permian, a subsidiary of Devon Energy. The partnership between two technical leaders, WaterBridge NDB within the produced water handling sector and
DOE Initiates $3.5 Million to Provide Workforce Development Opportunities in Energy Communities
August 28, 2023
The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) will allocate up to $3.5 million in federal funding available to help local communities across the country create a roadmap toward repurposing existing energy assets. The
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