Oil, Gas and Shale
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NEWS Click on text to read news by category: General | Product | People | Worldwide

U.S. Oil Busts Through $90 a Barrel for First Time Since 2014

February 4, 2022

Oil prices surged in late-day trading Thursday, sending the U.S. crude benchmark through $90 a barrel for the first time since 2014 due to ongoing supply worries and as frigid weather cascades across the United States. Global benchmark Brent crude

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PennEnergy Resources Achieves Project Canary Certification Across Entire Operating Asset

February 4, 2022

Private exploration and production company PennEnergyResources has received Project Canary’s TrustWell™ certification for its overall business assets and received the highest rating for 99 percent of wells. Project Canary launched the TrustWell™ environmental certification process in the third quarter of

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Cureton Midstream Acquires Gilcrest System from Aka Energy Group

February 3, 2022

Cureton Midstream has acquired the Gilcrest System from Aka Energy Group in the Denver-Julesburg Basin on February 1, 2022. Terms of the transaction were not disclosed. The Gilcrest System features more than 38 MMcf/d of processing capacity, over 100 miles

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Civitas Resources to Acquire Bison Oil & Gas II in $346 Million Deal

February 3, 2022

Civitas Resources has agreed to acquire Denver-Julesburg Basin (DJ Basin) operator Bison Oil & Gas II in a deal valued at around $346 million. The deal includes $45 million in cash and the assumption of up to $176 million in

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MDU Resources Group Completes Construction of North Bakken Expansion Project, North Dakota

February 3, 2022

WBI Energy, a subsidiary of MDU Resources Group, put the North Bakken Expansion project into service today after completing construction and testing on the natural gas pipeline. The expansion has capacity to transport 250 million cubic feet of natural gas

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Five States Updated or Adopted New Clean Energy Standards in 2021

February 3, 2022

As of the end of 2021, 31 states and the District of Columbia had renewable portfolio standards (RPS) or clean energy standards (CES). These policies require electricity suppliers to supply a set share of their electricity from designated renewable resources

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UGI to Acquire Stonehenge Appalachia Midstream Natural Gas Gathering System for $190 Million

February 2, 2022

UGI Corporation’s subsidiary, UGI Energy Services, has entered into a definitive agreement to acquire Stonehenge Appalachia, from Stonehenge Energy Holdings for approximately $190 million. The Stonehenge system, located in Butler County Pennsylvania, includes more than 47 miles of pipeline and

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Chesapeake Energy Strengthens Its Asset Portfolio with Two Significant Transactions

February 2, 2022

Chesapeake Energy Corporation has made significant transactions designed to strengthen its asset portfolio, deliver higher free cash flow, and increase its projected annual dividend payments. The company signed definitive agreements to acquire Chief E&D Holdings and associated non-operated interests held

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Tailwater Capital Forms New Company Tailwater Royalties to Deepen Investment Presence in Key Basins

February 2, 2022

Tailwater Capital has formed Tailwater Royalties and appointed Doug Prieto as the new entity’s president and Quillan Harris as vice president. As experienced and innovative investors in the energy and growth infrastructure sectors, Tailwater seeks to leverage its positioning and

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Milestone Environmental Services Acquires Active Haynesville Facility and Multiple Permits

February 2, 2022

Milestone Environmental Services has acquired an energy waste disposal facility in Center, Texas, along with two additional permits for energy waste landfills in Texas. The acquisition includes the purchase of an active slurry injection facility with two injection wells, located

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