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ExxonMobil Launches Sale of Texas Shale Gas Properties
November 16, 2021
ExxonMobil on Monday launched a sale of its oil and gas properties in the first major U.S. shale field, a spokesperson confirmed, as part of a portfolio reshuffling to focus on more lucrative assets. The top U.S. oil producer set
Biden Moves to Ban Oil and Gas Development Outside Native American Park, New Mexico
November 16, 2021
U.S. President Joe Biden on Monday announced a step toward prohibiting oil and gas development outside the boundaries of the Chaco Culture National Historical Park as part of a Native American tribal summit he is hosting. Biden also signed what
Stonepeak to Acquire LNG Carrier Operator Teekay LNG for $6.2 Billion
November 16, 2021
Alternative investment firm Stonepeak has agreed to acquire Teekay LNG Partners, a Bermuda-based owner and operator of liquefied natural gas (LNG) carriers, in an all-cash deal worth $6.2 billion. The consideration includes consolidated and proportionate joint venture net debt apart
EagleClaw to Combine with Apache’s Altus Midstream in All-stock Transaction
November 16, 2021
Altus Midstream Company said it will combine with privately-owned BCP Raptor Holdco in an all-stock transaction. BCP is the parent company of EagleClaw Midstream, which includes EagleClaw Midstream Ventures, the Caprock Midstream, and Pinnacle Midstream businesses, and a 26.7 percent
Diversified Energy to Sell Its Haynesville Acreage for $72.8 Million, Texas
November 15, 2021
Diversified Energy Company has entered into a purchase and sale agreement with Oaktree Capital Management to divest their working interest in certain predominantly undeveloped Haynesville acreage in Texas for estimated total cash consideration at closing of approximately $72.8 million. The
Hyzon Motors and TC Energy Enter Hydrogen Modular Production Hub Development Agreement
November 15, 2021
Hyzon Motors and TC Energy Corporation entered into an agreement to collaborate on development, construction, operation, and ownership of hydrogen production facilities (hubs) across North America. The hydrogen production facilities will be used to meet hydrogen fuel cell electric vehicle
U.N. Climate Agreement Clinched After Late Drama Over Coal
November 15, 2021
U.N. climate talks ended Saturday with a deal that for the first time targeted fossil fuels as the key driver of global warming, even as coal-reliant countries lobbed last-minute objections. While the agreement won applause for keeping alive the hope
Diversified Energy Acquires Tapstone’s Central Region Assets for $419 Million
November 12, 2021
Diversified Energy Company has entered into conditional agreements to acquire certain upstream assets, field infrastructure, equipment, and facilities within the company’s Central Region from Tapstone Energy Holdings. Funds managed by Oaktree Capital Management will make a non-operated working interest investment
Crestwood to Acquire Oasis Midstream Partners in $1.8 Billion Transaction
November 12, 2021
Crestwood Equity Partners and Oasis Midstream Partners have entered into a definitive merger agreement under which Crestwood will acquire Oasis Midstream in an equity and cash transaction valued at approximately $1.8 billion including the assumption of debt. The transaction is
Three-way Merger Creates Civitas Resources, New Denver-based Oil Company
November 12, 2021
Denver oil and gas companies completed a $4.5 billion merger that combined three of the top 10 oil producers in the state into one. Shareholders in Bonanza Creek Energy and Extraction Oil & Gas voted overwhelmingly in favor of the
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