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Desert Peak Minerals and Falcon Minerals Complete Merger, Create Sitio Royalties
June 13, 2022
Desert Peak Minerals and Falcon Minerals Corporation has completed their merger, creating Sitio Royalties Corp., a company focused on large-scale consolidation of high-quality oil and gas mineral and royalty interests across diversified operators. With a proven track record of completing
Mitsubishi Power, Georgia Power, EPRI Complete World’s Largest Hydrogen Fuel Blending Process
June 13, 2022
Mitsubishi Power and Georgia Power, alongside the Electric Power Research Institute (EPRI), this month successfully validated fuel blending of hydrogen and natural gas at both partial and full load on an M501G natural gas turbine at Georgia Power’s Plant McDonough-Atkinson
Ranger Oil to Acquire Strategic Oil Producing Eagle Ford Assets for $64 Million
June 13, 2022
Ranger Oil Corporation has signed separate agreements to acquire three “bolt-on” oil producing properties in the Eagle Ford shale contiguous to Ranger’s existing assets for a total purchase price of approximately $64 million in cash, subject to customary adjustments. The
Vermilion Energy to Acquire Leucrotta Exploration for C$477 Million
June 13, 2022
Vermilion Energy entered into an arrangement agreement to acquire Leucrotta Exploration Inc. for a net cash purchase price of C$477 million. Leucrotta is a Canadian publicly listed Montney-focused oil and natural gas exploration and development company with lands located in
State Financial Officers Foundation Hold Meeting to Discuss Plan for ESG Investing Practices
June 10, 2022
State Treasurer Riley Moore and financial officers from other states warn that the trend by financial institutions to base investments on non-financial factors, such as environmental and social issues, are a “progressive trojan horse” to get around the normal political
Cenovus to Restart West White Rose Project, Offshore Newfoundland and Labrador
June 10, 2022
Cenovus Energy and its partners have agreed to restart the West White Rose Project offshore Newfoundland and Labrador. First oil from the platform is anticipated in the first half of 2026, with peak production anticipated to reach approximately 80,000 barrels
PureWest Energy to Participate in Colorado State University’s Emissions Monitoring Program
June 10, 2022
PureWest Energy launched their participation in the Colorado State University (CSU) Energy Institute’s Advancing Development of Emissions Detection (ADED) program, which will validate PureWest’s industry-leading emissions management approach while accelerating the development and deployment of environmental technologies and solutions for
Shell Greenlights $2.5 Billion Crux Gas Project Off Australia
June 10, 2022
Shell Australia and its joint venture partner, SGH Energy, have taken a final investment decision to approve the development of the Crux natural gas field, off the coast of Western Australia. Crux will provide further supplies of natural gas to
Devon Energy to Acquire RimRock Oil and Gas for $865 Million
June 9, 2022
Devon Energy Corp. has entered into a definitive purchase agreement to acquire the leasehold interest and related assets of RimRock Oil and Gas, a Warburg Pincus portfolio company, in the Williston Basin for total cash consideration of $865 million. The
Northern Oil & Gas to Acquire Williston Basin Bolt-on for $170 Million, North Dakota
June 9, 2022
Northern Oil and Gas, Inc. has entered into an acquisition agreement in the Williston Basin and provided additional updates on operations and guidance. NOG has entered into a definitive agreement to acquire non-operated interests in the Williston Basin for an
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