Oil, Gas and Shale
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Chevron and Enterprise Explore Carbon Storage Business Opportunities

September 14, 2021

Chevron U.S.A., through its Chevron New Energies division, and a subsidiary of Enterprise Products Partners entered into a framework to study and evaluate opportunities for carbon dioxide (CO2) capture, utilization, and storage (CCUS) from their respective business operations in the

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U.S. Energy Development Corp. Makes Strategic Acquisition of $50 Million Asset in the Delaware Basin

September 14, 2021

U.S. Energy Development Corporation announced its most recent strategic acquisition of a $50 million asset in Loving County, Texas, in the core of the Delaware Basin. The project has wells targeting three of the basin’s most prolific benches — 3rd

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U.S. Grants California Request to Boost Gas Power to Keep Lights On

September 14, 2021

The Biden administration last week issued an emergency order allowing some California natural gas power plants to operate without pollution restrictions to shore up the state’s tight electricity supplies, the U.S. Department of Energy said. California’s grid operator, the Independent

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MAN Energy Solutions and Woodside Energy Form Alliance for Innovative LNG Technology

September 13, 2021

MAN Energy Solutions and Woodside Energy have signed a cooperation agreement aimed at commercializing an innovative solution for small-to-mid scale LNG production. Known as Factory LNG, the technology combines Woodside’s intellectual property and LNG experience with MAN’s global manufacturing and

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Laredo Petroleum to Acquire Sabalo Energy, Partner for $715 Million

September 13, 2021

Laredo Petroleum entered into a purchase and sale agreement to acquire the assets of Sabalo Energy, a portfolio company of EnCap Investments, and a non-operating partner for about $715 million. The deal is subject to customary closing price adjustments, comprised

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Tellurian Signs Deal to Sell LNG from Louisiana Project to Shell

September 13, 2021

Tellurian has finalized liquefied natural gas (LNG) sale and purchase agreements (SPAs) with Shell Energy. The SPAs are on a free on board (FOB) basis at Driftwood LNG for a combination of three million tonnes per annum (mtpa) for a

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Judge Deals Blow to Obama Fossil Fuel Royalty Rule, Keeps Oil and Gas Payments Rule

September 10, 2021

A federal judge yesterday struck down Obama-era regulations on royalty valuations for coal mined from public lands but kept parts of the rule related to oil and gas payments. The 2016 rule by the Interior Department’s Office of Natural Resources

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Ameredev Affiliate Trophy Pipeline Launches Open Season for Permian Expansion Project

September 10, 2021

Trophy Pipeline intends to conduct an open season for its Texas Expansion project. Trophy proposes to construct an approximately three mile long pipeline from a new origin located in Winkler County, Texas to its existing FERC regulated, crude oil pipeline

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SilverBow Resources Enters Agreement to Acquire Eagle Ford Assets for $33 Million

September 10, 2021

SilverBow Resources has entered into definitive agreements to acquire oil and gas assets in the Eagle Ford from an undisclosed seller. “We continue to execute on accretive opportunities and bolster our balanced oil and gas portfolio. This marks the second

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Chesapeake Energy to Acquire Gas Producer Vine Energy in $2.2 Billion Deal

September 10, 2021

Chesapeake Energy has signed an agreement to acquire Texas-based natural gas producer Vine Energy in a cash-and-stock deal worth $2.2 billion. Vine is focused on the development of natural gas properties in the stacked Haynesville and Mid-Bossier shale plays in

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