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Southwest Generation to Acquire Xcel Energy’s Mankato Energy Center for $680 Million
April 9, 2020
Xcel Energy announced this week that it intends to sell off the natural gas-fired Mankato Energy Center to Denver-based Southwest Generation for $680 million to benefit COVID-19 recovery efforts on top of reducing its own financial need. Proceeds from the
Railroad Commission of Texas Urged to Approve Mandatory Oil Production Cuts
April 9, 2020
The Railroad Commission of Texas (RRC) — the state’s oil and gas regulator — has been urged to approve mandatory production cuts across the region’s industry in response to the escalating oil market crisis that has dealt significant damage to
Equinor and Partners Make New Oil Discovery at Monument Exploration Well, Gulf of Mexico
April 9, 2020
Norway-based oil and gas company, Equinor and its partners have made new oil discovery in the Monument exploration well in the US Gulf of Mexico. The company’s joint venture partners, Progress Resources and Repsol E&P USA have reported that the
Cummins and DuPont Partner to Use Filter Technology to Supply Critical Material for N95 Respirator
April 8, 2020
As the COVID-19 pandemic spreads across the globe, Cummins Inc. and DuPont are helping address the nation’s shortage of N95 respirator masks. Cummins’ NanoNet® and NanoForce® Media technology, which uses DuPont’s Hybrid Membrane Technology (HMT), can typically be found in
HollyFrontier Releases Update on Operations Related to COVID-19
April 8, 2020
HollyFrontier Corporation released a business update in response to COVID-19. Due to the economic uncertainty in today’s environment, HFC relased an update on its operations, balance sheet, and revised 2020 capital budget. “The health and safety of our employees, communities,
Quorum Software Acquires Denver-based EnergyIQ
April 8, 2020
Quorum Software has acquired Denver-based EnergyIQ, a leading provider of well master data management software applications. The acquisition expands and strengthens Quorum’s industry-leading oil and gas software and services portfolio with the leader in well lifecycle data management for upstream
ExxonMobil Contributions to Houston-Area Food Banks to Provide One Million Meals
April 8, 2020
ExxonMobil will help provide about 1 million meals to Houston-area residents impacted by the COVID-19 pandemic through $250,000 in contributions to local food banks. The Houston Food Bank will receive $200,000, including $50,000 worth of gasoline gift cards for use
White House Convenes Oil CEO’s
April 7, 2020
Petroleum CEOs, including U.S. oil-patch loyalists to President Donald Trump, sought White House help Friday in calming roiling global oil markets amid threats to America’s yearslong fracking boom and the global pandemic. Executives of Chevron, Exxon and other large and
Dept. of Energy to Make Strategic Petroleum Reserve Storage Capacity Available to Oil Producers
April 7, 2020
The U.S. Department of Energy (DOE) announced a solicitation to immediately make 30 million barrels of the Strategic Petroleum Reserve’s (SPR’s) oil storage capacity available to U.S. oil producers that are struggling with catastrophic financial losses due to the combined
Black Bear Transmission Acquires Enbridge’s Gas Transmission Business
April 7, 2020
Black Bear Transmission, a portfolio company of the second Basalt fund, has closed the acquisition of Ozark Gas Transmission, (OGT) and Ozark Gas Gathering (OGG) from a subsidiary of Canada-based energy infrastructure firm Enbridge. OGT owns and operates a 367-mile
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