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ProFrac to Acquire U.S. Well Services
July 13, 2022
ProFrac Holding Corp. has reached an agreement to acquire U.S. Well Services, Inc. in a stock-for-stock transaction. The acquisition is expected to be completed in the fourth quarter of 2022, subject to the satisfaction of customary closing conditions, including the
Chevron Taps Into LNG Boom with Cheniere Energy and Venture Global Deals
July 13, 2022
Chevron Corp. last week signaled its move into the booming U.S. liquefied natural gas (LNG) export market with two agreements designed to increase sales of its shale gas to global markets. Top U.S. gas producers have been striking deals with
Allied Energy Expands Its Natural Gas Holdings by Acquiring the Thiel Lease, Texas
July 12, 2022
Allied Energy Corp. has recently expanded its natural gas holdings through the acquisition of the Thiel Lease and Well. The Thiel Well was drilled by Union Pacific Resources in 1996 and is located near Brenham Texas. The Thiel Well was
BLM Releases Alternatives in Draft SEIS of ConocoPhillips’ Willow Project, Alaska
July 12, 2022
The U.S. Bureau of Land Management (BLM) – Alaska has come up with a variety of alternatives in a revised draft environmental review of ConocoPhillips’ proposed Willow project in the National Petroleum Reserve in Alaska (NPR-A). The draft supplemental environmental
Integrated Power Services Acquires Tampa Armature Works
July 12, 2022
Integrated Power Services (IPS) has acquired Tampa Armature Works, Inc. (TAW). The sale includes all eleven TAW locations serving customers in the Southeastern U.S., Caribbean, South America, and internationally. TAW’s four divisions — service centers, power wystems, custom equipment, and
Freehold Royalties to Acquire U.S. Midland Basin and Eagle Ford Basin Assets for C$155 Million
July 11, 2022
Freehold Royalties Ltd. has entered into definitive agreements with two private sellers to acquire high-quality U.S. mineral title and royalty assets located in the Midland basin predominantly in Howard County, Texas for C$123 million and in the Eagle Ford basin
Haymaker Acquires Large-scale Portfolio Valued Over $100 Million
July 11, 2022
Haymaker Minerals & Royalties III acquired a “large-scale diversified mineral portfolio” in partnership with Denham Capital and its affiliates, the Houston-based company said July 6. According to a company release, affiliate H3 Minerals LLC closed the acquisition of a portfolio
U.S. Drillers Add Oil and Gas Rigs for Fourth Time in Five Weeks
July 11, 2022
U.S. energy firms last week added oil and natural gas rigs for the fourth time in five weeks amid high crude prices although the growth in rigs has been small and crude production has been slow to recover to pre-pandemic
Energy Transfer Natural Gas Pipeline Explodes Near Houston, Texas
July 8, 2022
An Energy Transfer natural gas transmission pipeline exploded on Thursday, setting off a two-hour fire in a rural area on the west edge of Houston, according to state and local officials. The blaze was extinguished at about 12:10 p.m. CDT
Kinder Morgan’s Tennessee Gas Pipeline Receives FERC Approval
July 7, 2022
Tennessee Gas Pipeline Company, a subsidiary of Kinder Morgan, received approval for its producer certified gas (PCG), or responsibly sourced gas (RSG), aggregation pooling service from the Federal Energy Regulatory Commission (FERC). The PCG aggregation pooling service is now available
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