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Dominion Energy to Sell Questar Pipelines to Southwest Gas for $1.9 Billion
October 8, 2021
Dominion Energy has signed an agreement with Southwest Gas Holdings to sell its Questar Pipelines in an all-cash transaction worth $1.54 billion. Under the terms of the agreement, Southwest Gas will also assume Questar Pipelines’ debt of $430 million. Questar
Callon Petroleum to Sell Noncore Eagle Ford Acreage for $100 Million
October 7, 2021
Callon Petroleum has entered into an agreement to sell non-core acreage in the Eagle Ford Shale for cash proceeds of approximately $100 million. This transaction increases total cash proceeds from Callon’s 2021 divestiture program to over $140 million to date,
White House Moves to Restore Key Environmental Review Rules
October 7, 2021
The White House on Wednesday took the first step to restore federal regulations guiding environmental reviews of major infrastructure projects like highways and pipelines that were scaled back by the Trump administration that sought to fast-track them. The White House
Santos to Merge with Oil Search to Create $15.4 Billion Oil and Gas Company
October 5, 2021
Australian energy company Santos has reached a merger implementation deed (MID) with Papua New Guinea-based Oil Search to create a combined entity with a market capitalization of A$21 billion ($15.4 billion). Under the terms of the merger agreement, Oil Search
Whiting Petroleum Wraps Up $187 Million Exit from D-J Basin
October 5, 2021
Whiting Petroleum Corporation has completed its acquisition of the leasehold interests and related assets in the Williston Basin of North Dakota. The company also closed the divestiture of its Redtail leasehold interests and related assets, including associated midstream assets, located
Whistler Pipeline in Permian Begins Commercial Production, Texas
October 5, 2021
The Whistler Pipeline began full commercial service on July 1, 2021 providing approximately 2.0 billion cubic feet per day (Bcf/d) of incremental natural gas transport capacity to the Texas Gulf Coast markets from the Permian basin, which will help ensure
BOEM to Hold Oil and Gas Lease Sale for the Gulf of Mexico on Nov. 17
October 4, 2021
The Bureau of Ocean Energy Management (BOEM) said it will hold an oil and gas lease sale for the Gulf of Mexico on Nov. 17, in compliance with an order from a U.S. District Court. The Biden Harris Administration is
Amid Global Energy Crunch, OPEC+ Weighs How Much Oil to Pump
October 4, 2021
With oil prices near three-year highs, OPEC and allied countries are deciding whether to stay with their plans to gradually restoring production that was cut back during the pandemic recession — or to pump more oil to a recovering global
U.S. Drillers Add Oil and Gas Rigs for Fourth Week in a Row
October 4, 2021
U.S. energy firms this week added oil and natural gas rigs for a fourth week in a row as more storm-hit offshore units resumed service in the Gulf of Mexico, and as crude prices this week hit three-year highs, prompting
Ranger Energy Services Completes $36.65 Million Acquisition of Basic Energy Services’ Assets
October 4, 2021
Ranger Energy Services has closed the acquisition of certain assets of Basic Energy Services, Inc. and its subsidiaries. The assets were sold by Basic as part of its bankruptcy process. The agreement to purchase the assets was approved by the
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