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Kimbell Royalty Partners Adds to Permian Portfolio with $231 Million Deal
January 14, 2025
Kimbell Royalty Partners has agreed to acquire mineral and royalty interests held by a private seller valued at approximately $231 million, subject to purchase price adjustments and other customary closing adjustments. “The acquired assets are located on one of the
Palmdale Oil Acquires Maassen Oil
January 14, 2025
Palmdale Oil has acquired Maassen Oil Company, a Florida-based distributor of refined fuel, lubricants, and propane. Financial terms of the transaction were not disclosed. Founded in 1931 and based in Arcadia, Florida, Maassen supplies a diverse product offering, including propane,
Varel Energy Solutions Acquires Ace Well Technology
January 14, 2025
Varel Energy Solutions (VES) has acquired Ace Well Technology, an international leader in the supply of oilfield casing, cementing, and completion products. This transaction further strengthens VES’s robust portfolio of primary cementing equipment, many of which are uniquely patented technology,
Chevron Names Laura Lane Vice President and Chief Corporate Affairs Officer; Al Williams to Retire
January 14, 2025
Chevron Corporation has named Laura Lane vice president and chief corporate affairs Officer, effective February 1. Lane will oversee the company’s government affairs, communications, and social investment activities. Lane will be based in Houston and succeed Al Williams, who is
Kinder Morgan Acquires Outrigger Energy’s Gas Gathering and Processing System in $640M Deal
January 13, 2025
Kinder Morgan (KMI) said its subsidiary, Hiland Partners Holdings, has agreed to purchase a natural gas gathering and processing system in North Dakota from Outrigger Energy II for $640 million. The acquisition includes a 270 million cubic feet per day
TotalEnergies to Pay $5 Million to Settle U.S. FERC Natgas Manipulation Case
January 13, 2025
A unit of French energy company TotalEnergies agreed to pay $5 million to settle claims by U.S. energy regulators that it and some of its traders allegedly manipulated the natural gas market in 2009-2012. The settlement is much smaller than
Energy Transfer Makes $2.7 Billion FID for Construction of Hugh Brinson Pipeline, Texas
January 10, 2025
Energy Transfer has reached a positive final investment decision (FID) for the construction of an intrastate natural gas pipeline connecting Permian Basin production to premier markets and trading hubs. The new large-diameter pipeline, previously called the Warrior Pipeline, is being
Pioneer Energy Selected by DOE for $27M to Advance Methane Emission Reduction from Oil Production
January 9, 2025
Pioneer Energy has been selected by the U.S. Department of Energy for four different awards which collectively total $27 million. Three of these are intended to advance the company’s Emission Control Treater™ (ECT), a breakthrough near zero emissions well pad
Methane Emissions Continue to Decline Across U.S. Oil & Gas Basins
January 8, 2025
Methane emissions from the country’s top oil and gas-producing basins have fallen 44 percent since 2011, according to data from the Environmental Protection Agency. This plunge in emissions comes even as the country has managed to shatter energy production records
Phillips 66 to Acquire EPIC’s Permian NGL Midstream Assets for $2.2 Billion
January 7, 2025
Phillips 66 has entered into a definitive agreement to buy EPIC Y-Grade GP, which own various subsidiaries and long haul natural gas liquids pipelines, fractionation facilities, and distribution systems (EPIC NGL) for total cash consideration of $2.2 billion. “This transaction
