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Pioneer Natural Resources Acquires DoublePoint Energy’s Assets for $6.4 Billion
April 5, 2021
Pioneer Natural Resources has entered into a definitive purchase agreement to acquire the leasehold interests and related assets of DoublePoint Energy in a transaction valued at approximately $6.4 billion. “DoublePoint has amassed an impressive, high quality footprint in the Midland
North Dakota Lawmakers Press FERC to Act Quickly on North Bakken Gas Pipeline Expansion
April 5, 2021
U.S. lawmakers from North Dakota are pressing the Federal Energy Regulatory Commission to act by its next monthly meeting to authorize WBI Energy Transmission’s North Bakken Expansion project, contending the 60-mile, 250 MMcf/d project has potential to cut methane emissions,
Association of Oil Pipe Lines: New Polling Shows Widespread Support for Pipelines
April 5, 2021
The Association of Oil Pipe Lines (AOPL) released new polling data measuring the sentiment of the American public toward pipelines, climate change, and the energy transition. By wide margins across key audiences, Americans support pipelines to move their energy and
Earthstone Energy to Acquire Tracker Resource’s Midland Basin Assets for $126.5 Million
April 2, 2021
Earthstone Energy has entered into definitive agreements to acquire privately held operated assets located in the Midland Basin from Tracker Resource Development III, LLC and an affiliate of Sequel Energy Group, which hold well-bore interests in certain of the producing
U.S. Drillers Add Most Oil Rigs in a Week Since January 2020
April 2, 2021
U.S. energy firms added the most number of oil rigs in a week since January 2020 as higher oil prices in recent months have prompted drillers to return to the wellpad. The combined oil and gas rig count, an early
Fourteen States Sue Biden Administration Over Oil and Gas Leasing Pause
April 2, 2021
Fourteen U.S. states including Louisiana and Wyoming filed lawsuits on March 24 against President Joe Biden’s administration, challenging his pause on new oil and gas leasing on federal lands and waters. The legal actions, which seek to restore regular federal
American Petroleum Institute Releases Statement on White House Infrastructure Plan
April 1, 2021
The American Petroleum Institute issued the following statement from senior vice president for Policy, Economic and Regulatory Affairs Frank Macchiarola regarding the Biden administration’s infrastructure plan. “We support the administration’s goal of modernizing the nation’s infrastructure — including roads, bridges,
Kinder Morgan Forms New Energy Transition Ventures Group
April 1, 2021
Kinder Morgan has formed a new Energy Transition Ventures group within Kinder Morgan to identify, analyze, and pursue commercial opportunities emerging from the low-carbon energy transition. The group, led by Jesse Arenivas, president of Energy Transition Ventures and CO2, and
Mountain Valley Pipeline Awards $500K in Grants to Promote Conservation and Outdoor Recreation
April 1, 2021
Nearly $500,000 from the developers of the Mountain Valley Pipeline has been awarded in grants to promote conservation and outdoor recreation along a stretch of the Appalachian Trail. Funding for the eight grants came from a $19.5 million pledge by
NextDecade and Oxy Low Carbon Sign Term Sheet for CO2 Transportation and Storage in South Texas
March 31, 2021
NextDecade and Oxy Low Carbon Ventures (OLCV), a subsidiary of Occidental, have executed a term sheet for the offtake and permanent geologic storage of CO2 captured from NextDecade’s planned Rio Grande LNG project in the Port of Brownsville, Texas. Earlier
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