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FirstEnergy Sells Pennsylvania Gas Plants for $925 Million
January 25, 2017
FirstEnergy Corp. is selling several Pennsylvania natural gas plants and its hydroelectric assets for $925 million, the Ohio-based company said today. The buyer is LS Power Equity Partners III LP, a New York-based power developer which, according to Bloomberg, “specializes
ExxonMobil to Acquire Companies Doubling Permian Basin Resource to 6 Billion Barrels
January 24, 2017
Exxon Mobil Corporation will more than double its Permian Basin resource to 6 billion barrels of oil equivalent through the acquisition of companies owned by the Bass family of Fort Worth, Texas, with an estimated resource of 3.4 billion barrels
Kalnin Ventures Closes Second Marcellus Asset Acquisition, Pa.
January 24, 2017
Kalnin Ventures LLC has closed on its second acquisition of a non-operating portfolio in the northeast Marcellus shale play of Pennsylvania, on behalf of its investor Banpu Pcl. Banpu Pcl is a Thailand-based coal mining and power-generation company with total
2017 NAPE Summit Global Business Conference Releases Speaker Lineup
January 24, 2017
NAPE Summit, the largest international exploration and production (E&P) expo in the U.S., has released the speakers and lineup for the 2017 NAPE Summit Global Business Conference. Taking place Feb. 15, the conference will feature international and domestic energy industry
Investing Veteran Leigh Goehring Launches Natural Resources Mutual Fund
January 24, 2017
Goehring & Rozencwajg Associates (G&R Associates) have launched the Goehring & Rozencwajg Resources Fund, a series of Goehring & Rozencwajg Investment Funds. Leigh Goehring, one of the leading authorities in global commodity investing, and long-time partner Adam Rozencwajg, will manage
ExxonMobil Signs $6.6 Billion Deal to Double Permian Basin Assets, Texas
January 20, 2017
ExxonMobil has agreed to acquire companies owned by the Bass family of Fort Worth, Texas, US for $5.6bn in stock and up to $1bn in additional payments, in a bid to boost its onshore oil production in the Permian Basin.
Noble Energy to Acquire Clayton Williams Energy for $2.7 Billion
January 20, 2017
Oil producer Noble Energy has signed an agreement to acquire Clayton Williams Energy for about $2.7bn in a cash and stock deal in a bid to boost its presence in the Permian Basin. As part of the deal, Noble Energy
NextDecade Signs Lease to Develop LNG Export Project at Shoal Point, Texas
January 19, 2017
NextDecade, LLC has signed lease agreements with the State of Texas and City of Texas City for a close to 1,000-acre site at Shoal Point for the potential development of a multi-billion dollar liquefied natural gas (LNG) export facility. Texas
Plains All American Pipeline to Expand Cactus Pipeline Capacity, Texas
January 19, 2017
Plains All American Pipeline, L.P. is expanding the capacity on its Cactus pipeline from McCamey to Gardendale, Texas to approximately 390,000 barrels per day. The expansion will allow PAA to move increasing production volumes from the Permian Basin to Corpus
Flint Hills Resources to Make $50 Million Investment at Fairmont Ethanol Plant, Nebraska
January 19, 2017
Flint Hills Resources will invest more than $50 million in its Fairmont, Neb. ethanol plant to install a new technology that will produce a high-protein animal and fish feed ingredient from a portion of the plant’s distiller grains, a co-product
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