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U.S. Oil & gas Rig Count Falls for Third Week in a Row
August 22, 2022
U.S. energy firms this week cut the number of oil and natural gas rigs for a third week in a row even as they slowly increase production to pre-pandemic levels with shale oil output expected to hit its highest since
Tellurian Completes $125.5 Million Haynesville Basin Acquisition
August 19, 2022
Tellurian, through its wholly owned subsidiary Tellurian Production (TPC), has closed on the acquisition of certain assets in the Haynesville from privately held EnSight IV Energy Partners and EnSight Haynesville Partners. The cash consideration at closing was $125.5 million, revised
Judge Rules Oil Pipeline Dispute Between Enbridge and Michigan Belongs in Federal Court
August 19, 2022
A state of Michigan lawsuit that aims to force Enbridge Inc to stop operating the Line 5 oil pipeline underneath the Straits of Mackinac in the Great Lakes will be heard in federal court, a judge ruled on Thursday. The
Continental Resources Promotes Doug Lawler to President & COO
August 19, 2022
Continental Resources has promoted Doug Lawler to president and chief operating officer. Doug joined Continental in February as chief operating officer and executive vice president following three decades in the oil and gas industry. “Since joining Continental in February, Doug
DOE Allocates $8 Million for Research on Climate and Earth System Model Development and Analysis
August 19, 2022
The U.S. Department of Energy (DOE) has allocated $8 million in funding for ten projects in earth and environmental system modeling research. Awards will focus on further development of DOE’s flagship Energy Exascale Earth System Model (E3SM) and studies that
Phillips 66 Makes Offer to Acquire DCP Midstream in $7.2 Billion Cash Deal
August 18, 2022
Houston oil giant Phillips 66 is offering to buy the common shares of Denver-based DCP Midstream and consolidate ownership of the natural gas processing and pipeline business that it jointly owns today. DCP Midstream, currently Colorado’s largest oil and gas
U.S. Court Vacates Decision to Block Federal Oil, Gas Leasing Pause
August 18, 2022
A U.S. appeals court on Wednesday vacated a lower court’s decision to block the Biden administration’s pause on new oil and gas leasing on federal land and waters — a key piece of the president’s climate change strategy — and
Denham Sharpens Focus on Mining Investments, Forms Trace Capital Management
August 18, 2022
Denham Capital Management have made an organizational change to advance its strategy of supplying capital in support of the global energy transition. Denham will lift out its energy resources related team and funds into a newly formed investment firm, Trace
Northern Oil & Gas Closes Acquisition of Williston Basin Bolt-on for $158 Million, North Dakota
August 17, 2022
Northern Oil and Gas, Inc. (NOG) has closed on the acquisition of non-operated Williston Basin assets from a private seller. “NOG continues to execute as the natural consolidator of non-operated properties,” said Nick O’Grady, NOG’s chief executive officer. “This cash-generating,
FERC Approves Marathon’s Extension to Build Kenai LNG Export Plant, Alaska
August 17, 2022
Marathon Petroleum Corp’s Trans-Foreland Pipeline Co unit received more time to convert the Kenai liquefied natural gas (LNG) export plant in Alaska into an import terminal, U.S. energy regulators said on Tuesday. The U.S. Federal Energy Regulatory Commission (FERC) approved
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