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U.S. State Treasurers Warn Kerry Not to Pressure Banks on Funding for Fossil Fuel Companies
June 8, 2021
Treasurers from 15 U.S. states warned U.S. climate envoy John Kerry in a letter that they could withdraw assets from any banks that reduce loans to fossil fuel companies, following reports that the Biden administration has pressured financial institutions over
Pipeline Safety Management Systems Annual Report Highlights Implementation Progress in 2020
June 8, 2021
The Pipeline Safety Management Systems (Pipeline SMS) Industry Team released the 2020 Annual Report, detailing industry’s progress implementing API Recommended Practice (RP) 1173, Pipeline Safety Management Systems. The Industry Team serves to facilitate the ongoing journey by liquid and gas
Tallgrass Energy Honored by Colorado’s Top Workplaces for Seventh Consecutive Year
June 8, 2021
Tallgrass Energy was named one of The Denver Post’s Top Workplaces — the seventh consecutive year the company has been honored by Top Workplaces. The list is compiled based on a third-party survey that asks employees to rate their company
Evolution Petroleum Acquires Tokyo Gas Americas Barnett Shale Assets for $23.25 Million
June 7, 2021
Evolution Petroleum has entered into a definitive agreement to acquire non-operated oil and gas assets in the Barnett Shale from TG Barnett Resources, a wholly owned subsidiary of Tokyo Gas Americas. The purchase price of the transaction is $23.25 million
HollyFrontier to Acquire Puget Sound Refinery in Washington for $350 Million
June 7, 2021
HollyFrontier Corporation has entered into a definitive agreement to acquire the Puget Sound Refinery, the on-site cogeneration facility, and related logistics assets, from Shell Oil Products subsidiary Equilon Enterprises for a purchase price of $350 million, plus hydrocarbon inventory. HollyFrontier
Bonanza Creek and Extraction to Merge to Create $2.6 Billion Oil and Gas Company
June 7, 2021
Bonanza Creek Energy has signed an agreement to merge with Extraction Oil & Gas to create a combined oil and gas company with an enterprise value of $2.6 billion. To be named Civitas Resources, the combined entity is expected to
Cabot Oil & Gas and Cimarex Energy to Merge in $17 Billion Deal
June 4, 2021
Cabot Oil & Gas Corporation and Cimarex Energy have entered into a definitive agreement where the companies will combine in an all-stock merger of equals. The combination will bring together two industry-leading operators with top-tier oil and natural gas assets
Shell to Sell Interest in Deer Park Refinery to Partner Pemex for $596 Million
June 4, 2021
Shell Oil Company, a subsidiary of Royal Dutch Shell. has reached an agreement for the sale of its interest in Deer Park Refining Limited Partnership, a 50-50 joint venture between Shell Oil Company and P.M.I. Norteamerica, S.A. De C.V. (a
PHX Minerals Acquires Interest in Southern SCOOP Play for $12 Million
June 4, 2021
PHX Minerals Inc. has agreed to acquire from certain third parties certain mineral and royalty interests totaling approximately 2,698 net royalty acres in the Southern SCOOP play for $11,947,000 in cash and stock, subject to customary closing adjustments. The purchase
Exxon Mobil Floats $100 Billion Carbon Storage Project Near Houston, Texas
June 4, 2021
Exxon Mobil on Monday floated a proposal for a public-private carbon storage project that would collect planet-warming carbon dioxide emissions from U.S. petrochemical plants and bury them in deep under the Gulf of Mexico. The plan would require “$100 billion
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