Oil, Gas and Shale
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Rising Phoenix Royalties Acquires Range Resources’ Acres in Marcellus Shale, Pennsylvania

January 7, 2022

Rising Phoenix Royalties (RPR) revealed another natural gas royalty acquisition spanning 98 net royalty acres in the Marcellus Shale, Washington County, Pennsylvania. Range Resources Corporation, a leading U.S. independent natural gas and NGL producer, is the well-site operator. “Our clients

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U.S. Energy Firms Add Oil and Gas Rigs for Record 17th Month in a Row

January 6, 2022

U.S. energy firms added oil and natural gas rigs for a record 17 months in a row as higher prices lured some drillers back to the wellpad after last year’s coronavirus-driven decline in demand. The oil and gas rig count,

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Aethon Energy Reportedly Seeking $6 Billion Sale of Haynesville Assets

January 6, 2022

U.S. oil and gas-focused investment firm Aethon Energy Management is exploring a sale of its acreage in North Louisiana which could be valued at around $6 billion, including debt, people familiar with the matter said. Bankers hired by Aethon reached

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Repsol Acquires U.S. Shale Oil and Gas Assets from Rockdale Marcellus for $222 Million

January 5, 2022

Spain’s Repsol has bought shale oil and gas assets from U.S. firm Rockdale Marcellus for $222 million, a company spokesperson said, confirming a report from Marketline. Repsol will pay $220 million in cash and assume an additional $2 million in

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NextDecade Delays Final Investment Decision for Its Rio Grande LNG Until Second Half

January 5, 2022

U.S. liquefied natural gas developer NextDecade on Monday said a final investment decision for its Rio Grande LNG project would again be delayed, this time until the second half of the year. The $15.7 billion project, which would produce 27

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Lime Rock Resources Acquires Abraxas Petroleum’s Williston Basin Assets for $87.2 Million

January 4, 2022

Abraxas Petroleum Corporation announced the cash sale of its Williston Basin assets to Lime Rock Resources for $87.2 million. In addition, the company announced the repayment of all of its revolving credit facility and the exchange of its entire second

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Southwestern Energy Completes Acquisition of GEP Haynesville

January 4, 2022

Southwestern Energy Company has closed the acquisition of GEP Haynesville. The transaction builds further scale in the Haynesville, deepens the company’s inventory, improves key financial metrics, including margins, returns and per-share ratios, fortifies SWN’s financial strength, and enhances the company’s

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Archaea Energy Takes Its Project Assai Renewable Natural Gas Facility Online, Pennsylvania

January 4, 2022

Archaea Energy has successfully started Project Assai, an RNG facility located at the Keystone Sanitary Landfill in Dunmore, Pennsylvania. Pipeline-quality RNG has been produced and commercial operations were achieved on December 30, 2021. Assai is now the highest capacity operational

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Select Energy Services to Acquire Nuverra Environmental Solutions for $45 Million

January 3, 2022

Select Energy Services has entered into an agreement to acquire Nuverra Environmental Solutions for total consideration of approximately $45 million. The transaction was unanimously approved by each of Select’s and Nuverra’s board of directors and is expected to close in

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Energy Transfer Ordered to Pay Williams $410 Million for Abandoning Merger

January 3, 2022

A Delaware judge ordered oil pipeline operator Energy Transfer to pay rival Williams Cos $410 million for abandoning their $33 billion merger, one of the largest transactions to fall victim to sinking oil prices. In a 95-page decision on Dec.

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