Oil, Gas and Shale
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NEWS Click on text to read news by category: General | Product | People | Worldwide

EnCap and Double Eagle Energy Form Double Eagle Energy Holdings with $1.7B Commitment

October 6, 2022

EnCap Investments and the team behind the Double Eagle family of companies have entered into a strategic partnership to form Double Eagle Energy Holdings IV and Tumbleweed Royalty IV. The new entities have also received minority investments from Apollo Natural

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Whitecap Resources to Acquire XTO Energy’s Montney and Duvernay Canadian Assets for $1.47 Billion

October 6, 2022

ExxonMobil and Imperial Oil have signed an agreement with Whitecap Resources to sell their Montney and Duvernay shale oil and gas assets in Canada for $1.47bn in cash. The assets comprise 567,000 net acres in the Montney shale and 72,000

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Crestwood to Sell Marcellus Gas Assets to Antero Midstream for $205 Million

October 6, 2022

Crestwood Equity Partners has agreed to sell its marcellus shale gas gathering and compression assets to Antero Midstream for a total of consideration $205 million in cash. The assets to be sold include 72 miles (115km) of dry gas gathering

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Occidental and Western Midstream to Explore CCUS Opportunities Across Shale Position

October 5, 2022

Western Midstream Partners (WES) has executed a letter of intent (LOI) with a subsidiary of Occidental Petroleum, with the objective of pursuing opportunities to produce and deliver low-carbon intensity oil and gas products to market through the development of carbon

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U.S. Oil Groups Urge Biden to Take Fuel Export Ban Off the Table

October 5, 2022

The largest U.S. oil trade groups said on Tuesday that they have “significant concerns” that the Biden administration is considering limiting fuel exports to lower consumer prices and urged top officials to take the option off the table, according to

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EOG Resources Appoints Ezra Yacob as Next Chairman of the Board After Bill Thomas’ Retirement

October 5, 2022

EOG Resources said Bill Thomas has elected to retire from the board of directors and Ezra Yacob, chief executive officer, has been appointed to the role of chairman of the board. “On behalf of EOG employees and the board, I

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Enbridge’s Al Monaco to Retire, Greg Ebel Appointed President and CEO

October 5, 2022

Enbridge’s president and chief executive officer Al Monaco will retire January 1, 2023. The board of directors has appointed Greg Ebel, currently board chair, to succeed Monaco as president and chief executive officer. Ebel will also continue as a member

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Ascent Resources to Acquire Utica Shale Assets in Ohio for $270 Million

October 4, 2022

Ascent Resources has entered into a purchase and sale agreement with an undisclosed seller to acquire all of its assets in the Utica Shale in Ohio for a total purchase price of $270 million. The acquisition expands Ascent’s asset base

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Baker Hughes Restructures Four Product Operations, Makes Management Changes

October 4, 2022

Baker Hughes Company said it is restructuring and simplifying its organization and accelerating its strategic transformation. These changes will simplify operations, enhance profitability, and drive growth, meeting customer needs and producing solutions in the rapidly evolving energy and industrial markets.

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Targa Resources to Acquire Lucid Energy for $3.55 Billion

October 4, 2022

Targa Resources and Lucid Energy Group have entered into a definitive agreement under which a wholly-owned subsidiary of Targa will acquire Lucid Energy Delaware from Riverstone Holdings and Goldman Sachs Asset Management for $3.55 billion in cash. Lucid provides natural

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