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Colgate Energy Makes Strategic Bolt-on Acquisition of New Mexico Assets for $190 Million
November 8, 2021
Colgate Energy Partners III has entered into a definitive agreement with an undisclosed seller to purchase approximately 22,000 net acres directly offset Colgate’s existing position in Eddy and Lea Counties for $190 million. The closing is expected to occur in
Shell Restores Production at Mars and Ursa Platforms, Gulf of Mexico
November 8, 2021
Shell Offshore, a subsidiary of Royal Dutch Shell, has safely and successfully re-started production at its Mars and Ursa platforms in the U.S. Gulf of Mexico and began exporting oil and gas through the West Delta-143 facility. “Our Hurricane Ida
Max Midstream Appoints Jonathan Novitsky as Its New CEO
November 8, 2021
Max Midstream has appointed Jonathan Novitsky as its new chief executive officer. The announcement was made just days after Max Midstream and the Calhoun Port Authority announced a transformational plan to offset carbon emissions through an Environmental Social Governance (ESG)
Southwestern Energy to Acquire GEP Haynesville for $1.85 Billion
November 5, 2021
Southwestern Energy Company has entered into a definitive agreement with the third largest private Haynesville producer, GEP Haynesville, under which it will acquire GEP for approximately $1.85 billion. The transaction is expected to close by year-end 2021, subject to customary
Diamondback’s Viper Energy to Acquire Permian Mineral Interests for $225 Million
November 5, 2021
Viper Energy Partners, a subsidiary of Diamondback Energy, has entered into a definitive purchase and sale agreement to acquire certain mineral and royalty interests from Swallowtail Royalties and Swallowtail Royalties II in exchange for 15.25 million units of Viper common
Halliburton and VoltaGrid Enter Multi-year Electric Fracturing Solution Contract with Aethon Energy
November 5, 2021
Halliburton Company and VoltaGrid have entered into a multi-year contract with Aethon Energy to deploy an advanced, all-electric fracturing solution in the Haynesville Shale. The solution combines Halliburton’s all-electric fracturing spread, featuring the Zeus™ 5,000 horsepower electric pumping unit, with
Continental Resources to Acquire Pioneer’s Delaware Basin Assets for $3.25 Billion
November 4, 2021
Pioneer Natural Resources Company has entered into a definitive agreement with Continental Resources to sell all of its assets in the Delaware Basin for cash proceeds of $3.25 billion, subject to normal closing adjustments. The transaction is expected to close
WEC Energy to Shift Newer Oak Creek Units from Coal to Natural Gas by 2035
November 4, 2021
Three months after WEC Energy Group Inc. executives said they were exploring the feasibility of adding natural gas capabilities at the company’s newer Oak Creek coal-fired plants, the company announced a plan to eliminate coal as an energy source by
U.S. House Panel Subpoenas Big Oil in Climate Deception Probe
November 4, 2021
The head of a U.S. House panel on Tuesday subpoenaed four major oil companies and two lobbying groups for documents related to their actions on global warming as part of a year-long probe into potential climate deception by the energy
EPA Proposes New Clean Air Act Rule to Cut Methane Emissions
November 3, 2021
The U.S. Environmental Protection Agency (EPA) took an important step forward to advance President Biden’s commitment to action on climate change by proposing comprehensive new protections to sharply reduce pollution from the oil and natural gas industry — including, for
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