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Maverick Natural Resources Acquires FourPoint Energy
December 3, 2020
Maverick Natural Resources has acquired FourPoint Energy, the largest producer in the Western Anadarko Basin. In conjunction with the all-equity merger, FourPoint became a wholly owned subsidiary of Maverick and was renamed Unbridled Resources. Both Maverick and FourPoint are majority
Humble Midstream Secures Initial $300 Million Capital Commitment from EnCap Flatrock Midstream
December 3, 2020
Humble Midstream has secured an initial capital commitment of $300 million from EnCap Flatrock Midstream (EFM). Based in Denver and formed in mid-2020, Humble Midstream is an independent energy company focused on acquiring and building midstream assets in conventional and
Energy Transfer Seeks Approval for Oil Export Platform, Louisiana
December 3, 2020
Dallas-based Energy Transfer LP is seeking to replace an existing offshore natural gas platform and build a crude oil export project in the Gulf of Mexico 99 miles offshore from Cameron Parish in southwest Louisiana. The Maritime Administration, in coordination
Senate Confirms Trump’s FERC Picks Mark Christie and Allison Clements
December 3, 2020
The U.S. Senate on Monday confirmed two of President Donald Trump’s picks for the Federal Energy Regulatory Commission (FERC), in a move that could secure a Republican majority on the panel through June. The Senate passed Mark Christie, a Republican,
Wyoming Energy Rebound Program’s Oil and Gas Stimulus Program Shows Promising Initial Results
December 3, 2020
An oil and gas stimulus program launched by the state this month may be accomplishing what it intended: helping operators here recover from the economic downturn. Gov. Mark Gordon created Wyoming’s Energy Rebound Program to give companies the money they
Enbridge Begins Construction on Line 3 Replacement Project, Minnesota
December 2, 2020
Enbridge has started construction on its $6.9 billion Line 3 Replacement Project in Minnesota after securing all necessary permits and approvals. The project calls for the full replacement of the 34-inch 1,660km long Line 3 crude oil pipeline laid between
Sentinel Midstream Receives Draft EIS for Texas GulfLink Deepwater Port
December 2, 2020
Sentinel Midstream has received a draft environmental impact statement (EIS) from the United States Coast Guard and United States Maritime Administration for the Texas GulfLink deepwater port in the US. To be located off the coast of Freeport, Texas, the
Lonestar Resources Successfully Completes Restructuring
December 2, 2020
Lonestar Resources has successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy, having satisfied all of the conditions to the effectiveness of its plan of reorganization. Through its financial restructuring, Lonestar has eliminated approximately $390 million in aggregate
Canada Launches $562 Million Fund to Help Oil and Gas Firms Reduce GHG Emissions
December 2, 2020
The Canadian government has launched a CAD$750 million (US$562.16 million) fund to help oil and gas companies to reduce methane and other greenhouse gas (GHG) emissions. Canada has set itself a goal of achieving net zero by 2050 and also
Contango to Acquire Liquidation of Assets in Big Horn, Permian, and Powder River Basins
December 1, 2020
Contango Oil & Gas Company has entered into an asset purchase agreement to acquire assets in the Big Horn, Permian, and Powder River Basins via a bank owned liquidation of assets. “We are extremely excited to acquire these oily, low
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