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SandRidge Energy Sells Its North Park Basin Assets for $47 Million
December 15, 2020
SandRidge Energy has entered into a definitive agreement for the sale of its North Park Basin assets (NPB). The consideration is $47 million in cash subject to customary post-closing adjustments. The effective date is October 1, 2020, and the transaction
Tamarack Valley Energy Acquires Highwood Oils’ Clearwater Assets for $40.8 Million
December 15, 2020
Highwood Oil Company has entered into a definitive agreement with an arm’s length purchaser, Tamarack Valley Energy Ltd. to divest of the company’s Clearwater assets for cash consideration of $40.8 million. The divesture is expected to close on December 21,
Saskatchewan Grants $156.6 Million for Reclamation of Inactive Oil and Gas Wells
December 15, 2020
The Government of Saskatchewan has agreed to provide C$200 million ($156.6 million) financing for the second phase of the Accelerated Site Closure Program (ASCP). The total C$400 million ($313.1 million) program aims to put Saskatchewan people as well as the
Trump Keeps Door Open for Expanded Offshore Drilling
December 15, 2020
The Trump administration is preparing to issue a broad plan that keeps the door open for expanded oil drilling off the U.S. coast, including near Southern California, Alaska, and Mid-Atlantic states. The Interior Department proposal, which is still being developed
DOE Extends Third Set of LNG Export Authorizations Through 2050
December 14, 2020
The U.S. Department of Energy (DOE) extended the terms of seven long-term liquefied natural gas (LNG) export authorizations through 2050. Today’s actions follow ten LNG export term extensions issued in October pursuant to an export term policy statement DOE finalized
Terra Energy Partners to Acquire Ursa Piceance Basin Assets for $60 Million
December 14, 2020
Terra Energy Partners has agreed to purchase assets from bankrupt Ursa Piceance Holdings and various subsidiaries for $60 million, according to bankruptcy documents. A federal bankruptcy judge in Delaware approved the sale in November. The deal is expected to close
Total Acquires Stake in $2 Billion Energía Costa Azul LNG Project, Mexico
December 14, 2020
French oil and gas company Total has acquired a 16.6 percent stake in the phase 1 of the Energía Costa Azul LNG project, to be located in Baja California, Mexico. ECA Liquefaction (ECA LNG), a joint venture of Sempra LNG
BLM California Completes Oil and Gas Lease Sale
December 14, 2020
In keeping with the Trump Administration’s goals of promoting responsible energy development, the Bureau of Land Management (BLM) completed its oil and gas lease sale in California. For this sale, the BLM offered seven parcels totaling approximately 4,133 acres of
New Jersey LNG Terminal Gets Final Approval from Delaware River Commission
December 10, 2020
The Delaware River Basin Commission (DRBC) voted on Dec. 9 to approve a permit for construction of Delaware River Partners’ marine terminal in Gibbstown, New Jersey, that will be capable of exporting LNG. The proposal is to transport LNG via
Noble Midstream Completes Integration and Development Plans With with Chevron
December 10, 2020
Noble Midstream Partners said the partnership has successfully integrated its business into its new affiliate, Chevron Corporation. Chevron has announced its capital and exploratory budget for 2021, with activity planned on Noble Midstream dedicated acreage in both the DJ and
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