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Permian-Focused Swordfish Energy Closes Private Equity Commitment With Pearl Energy Investments
May 25, 2023
Swordfish Energy Holdings has closed on an equity commitment from Dallas-based investment firm, Pearl Energy Investments. Based in Houston, Texas, Swordfish is an exploration and production company focused on acquiring and developing oil and gas assets in the Permian Basin.
Southern Energy to Acquire Remaining Stake in Gwinville Field for $3.2 Million, Mississippi
May 25, 2023
Southern Energy has agreed a deal to acquire the remaining producing acreage in the Gwinville field in Mississippi that it does not already own. The acquisition assets presently produce around 400 barrels of oil equivalent per day (comprising 99 percent
Pearl Energy Investments Raises $705 Million Fund to Target Permian
May 24, 2023
Pearl Energy Investments has closed on its third fund, Pearl Energy Investments III, and affiliated funds, with total commitments of approximately $705 million which represents the largest investment vehicle in Pearl’s history. Founded in 2015, Pearl manages approximately $1.9 billion
DOE Launches $45 Million Funding Opp for Carbon Capture, Transport, and Storage
May 24, 2023
The U.S. Department of Energy’s Office of Fossil Energy and Carbon Management (FECM) announced up to $45.5 million in funding available to advance carbon dioxide (CO2) capture technologies and help establish the foundation for a successful carbon transport and storage
Trio Petroleum to Acquire Union Avenue Field Interests
May 24, 2023
Trio Petroleum has signed an acquisition agreement to potentially acquire up to 100 percent of the working interest in the Union Avenue Field located in Bakersfield, California. “Trio is in an optimal position to capitalize on the acquisition of this
Kimbell Royalty Partners Closes $141 Million Midland Basin Mineral and Royalty Acquisition
May 23, 2023
Kimbell Royalty Partners has closed the previously reported purchase of mineral and royalty interests held by MB Minerals, a subsidiary of Sabalo Holdings (a portfolio company of EnCap Investments), in a cash and unit transaction valued at approximately $140.8 million.
Heritage Petroleum Appoints Erik Keskula as CEO
May 23, 2023
Heritage Petroleum Company Limited has selected Erik Keskula as the CEO of the company. Keskula will serve as the CEO designate for the period June 1st to June 13th and will assume full responsibility when Arlene Chow, current CEO, retires
Oklo Selects Sites in Southern Ohio for Two Nuclear Power Plants
May 23, 2023
Oklo Inc. and the Southern Ohio Diversification Initiative (SODI) have signed an agreement to deploy two commercial Oklo power plants in Southern Ohio. Oklo’s commercial power plants will provide up to 30 MW of clean electric power, and more than
Chevron to Acquire PDC Energy in $7.6 Billion Deal
May 22, 2023
Chevron has entered into a definitive agreement with PDC Energy to acquire all of the outstanding shares of PDC in an all-stock transaction valued at $6.3 billion, or $72 per share. The total enterprise value, including debt, of the transaction
Chord Energy to Acquire XTO Energy’s Williston Basin Assets for $375 Million
May 22, 2023
Chord Energy has entered into a definitive agreement to acquire assets in the Williston Basin from XTO Energy and affiliates for total cash consideration of $375 million, subject to customary purchase price adjustments. “The acquired assets are an excellent strategic
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