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LRG Energy Acquires Texas Panhandle Assets of Bjorger Companies
August 26, 2022
LRG Energy, has acquired the assets of the Bjorger Companies. The acquisition includes approximately 800 wells and integrated salt water disposal wells in Carson, Gray, Montague, Stephens, Wise, Hutchinson, Hansford, Moore, and Sherman counties in Texas. The assets acquired will
DOE Releases RFI on Water Research Needs Associated with Thermal Power Plants, Oil & Gas Production
August 26, 2022
The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) released a request for information (RFI) on the characterization, treatment and cleaning, and management of effluent waters from oil and natural gas development and production, along
Laredo Petroleum Sells Howard County Properties to NOG for $110 Million
August 26, 2022
Laredo Petroleum, Inc. has signed a purchase and sale agreement to divest certain non-operated properties in Howard County for $110 million, subject to customary closing price adjustments. The transaction is expected to close in October 2022. The non-operated assets comprise
Diamondback Energy Completes $575.2 Million Merger with Rattler Midstream
August 25, 2022
Diamondback Energy completed the previously announced merger between Rattler and Diamondback in a $575.2 million roll-up of the Midland, Texas-based independent oil and gas producer’s midstream subsidiary. Rattler Midstream is a Delaware limited partnership formed in July 2018 by Diamondback
Energy Transfer Signs LNG Supply Agreement with Shell
August 25, 2022
Energy Transfer LNG Export, a subsidiary of US-based midstream energy company Energy Transfer, has signed an LNG sale and purchase agreement (SPA) with Shell. As agreed, the company will supply 2.1 million tonnes of LNG per annum (mtpa) to Shell
Europe’s Energy Crisis Underscores the Need for Fuel Diversity
August 25, 2022
The energy crisis in Europe keeps getting worse. Months of warnings are now becoming grim reality. European power prices are now equivalent to more than $1,000 per barrel of oil. The price of natural gas is 13 times its normal
Tidewater to Acquire Swire Pacific Offshore for $190 Million
August 23, 2022
Tidewater, a US-based offshore service vessels provider, has agreed to acquire Swire Pacific Offshore (SPO), a subsidiary of Swire Pacific, for total of around $190 million. Through the transaction, Tidewater will add SPO’s fleet of 50 offshore support vessels (OSVs),
Delfin Seeks More Time to Build U.S. Gulf of Mexico LNG Export Plant
August 23, 2022
U.S. liquefied natural gas (LNG) developer Delfin LNG has asked federal regulators to extend the amount of time it has to put the onshore part of its proposed Gulf of Mexico floating LNG export project off Louisiana into service until
Crew Energy Divests Noncore Montney Assets for $130 Million
August 22, 2022
Crew Energy Inc. has successfully completed the sale of certain non-core assets at Attachie and Portage in northeast British Columbia for gross proceeds of $130 million. The net proceeds from the disposition will be used to redeem $128 million principal
Warren Buffett Gets FERC Approval to Buy Half of Occidental’s Shares for $397 Million
August 22, 2022
The Federal Energy Regulatory Commission (FERC) authorized Warren Buffett’s Berkshire Hathaway Inc. to purchase up to 50 percent of Occidental Petroleum Corp., according to an order made public on Aug. 19. The order responds to a Berkshire Hathaway application filed
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