Oil, Gas and Shale
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Frontline and Euronav Sign Merger Deal to Create $4 Billion Oil Tanker Operator

October 4, 2022

Frontline and Euronav have agreed to merge in an all-stock deal with an aim to establish a major global independent oil tanker operator with a fleet of 146 vehicles and an expected market capitalization of over $4 billion. Both the

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Schlumberger, Aker Solutions, and Subsea 7 Form JV in $700 Million Deal

October 3, 2022

Aker Solutions, Schlumberger, and Subsea 7 have entered into agreements to form a joint venture to deliver a step change in subsea production economics by helping customers unlock reserves, reduce time to first oil, and lower development costs while simultaneously

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Baker Hughes to Acquire AccessESP to Reduce Oilfield Customers’ Costs and Downtime

October 3, 2022

Baker Hughes is acquiring AccessESP, a leading provider of advanced technology for artificial lift solutions, to further transform core oil and gas operations by reducing costs and downtime for operators. AccessESP’s GoRigless ESP System provides proprietary solutions that enable an

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Gulf Coast Sand Acquires Shale Support Assets

October 3, 2022

Gulf Coast Sand (GCS) has acquired the assets originating from Shale Support, LLC. With this move, GCS establishes itself as the largest independent, privately-owned aggregate company along the Gulf Coast and boasts more than 900 mineable acres of aggregate reserves.

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Ring Energy Enters Agreement to Acquire Stronghold’s Permian Basin Assets for $465 Million

October 3, 2022

Ring Energy has entered into an agreement to acquire the assets of Stronghold Energy II Operating and Stronghold Energy II Royalties. Stronghold’s operations are located primarily in Crane County, Texas and focused on the development of approximately 37,000 net acres

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Momentum Midstream Completes Acquisition of Midcoast Energy’s East Texas Business

September 28, 2022

Momentum Midstream has completed the acquisitions of Midcoast Energy’s East Texas business from a subsidiary of ArcLight Capital and Align Midstream from Tailwater Capital. A final investment decision (FID) has also been made by the company for its new natural

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M6 Midstream Makes Final FID on Its New Generation Gas Gathering Project

September 28, 2022

M6 Midstream (Momentum) has made a final investment decision (FID) on its new natural gas gathering and carbon capture project, New Generation Gas Gathering (NG3), which will gather natural gas produced in the Haynesville Shale for re-delivery to premium Gulf

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Delfin Midstream and Devon Energy Enter into LNG Export Partnership

September 28, 2022

Delfin Midstream and Devon Energy have entered into a liquefied natural gas export partnership that includes an executed heads of agreement (HOA) for long-term liquefaction capacity and a pre-financial investment decision (FID) strategic investment by Devon in Delfin. The HOA

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Talos Energy Acquires EnVen Energy for $1.1 Billion

September 27, 2022

Talos Energy has executed definitive agreements to acquire EnVen Energy Corporation, a private operator in the deepwater U.S. Gulf of Mexico, for $1.1 billion. The strategic transaction expands Talos’s Gulf of Mexico operations with high margin, oil-weighted assets. The transaction,

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Outfitter Energy Capital Closes New Fund Focused on U.S. Shale

September 27, 2022

Outfitter Energy Capital recently closed on a new fund used to purchase an existing portfolio of U.S. shale assets from affiliated Outfitter-managed funds. This new fund was designed to provide both existing Outfitter and new limited partners the opportunity to

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