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Shell, Chevron Take FID on Phase 3 of Silvertip Frio Project, U.S. Gulf of Mexico
December 23, 2024
Shell Offshore, a subsidiary of Shell, has made a final investment decision (FID) on the phase 3 Silvertip project, which will deliver two wells to boost production at the Shell-operated Perdido spar in the U.S. Gulf of Mexico (GoM). These
DOE and EPA Allocate $850 Million to Reduce Methane from the Oil and Gas Sector
December 23, 2024
The U.S. Department of Energy (DOE) and the U.S. Environmental Protection Agency (EPA) have allocated approximately $850 million for 43 projects selected for negotiation that will help small oil and gas operators, Tribes, and other entities across the country to
FourPoint Resources to Acquire Ovintiv’s Uinta Basin Assets for $2 Billion
December 23, 2024
FourPoint Resources, together with their partners Quantum Capital Group and Kayne Anderson, have signed a purchase and sale agreement to acquire Ovintiv’s Uinta Basin assets for a purchase price of $2 billion in cash. The asset includes 126,000 net acres
TC Energy Appoints Two Independent Directors to Board
December 23, 2024
TC Energy Corporation has appointed two new independent directors, Scott Bonham and Dawn Madahbee Leach, to the board of directors. “We are thrilled to welcome Bonham and Leach as new directors to the board,” said John Lowe, chair of TC
Kinder Morgan Reaches FID for $1.4 Billion Tennessee Gas Pipeline
December 20, 2024
Tennessee Gas Pipeline, a subsidiary of Kinder Morgan, has made its decision to proceed with its Mississippi Crossing Project (MSX Project) after securing long-term, binding transportation agreements with customers for all the capacity. “This transformative project will benefit the Southeast
Matador Resources Consolidates Midstream Subsidiary, JV in $600 Million Deal
December 20, 2024
Matador Resources has executed a definitive agreement where Matador would contribute Pronto Midstream, Matador’s wholly-owned midstream subsidiary, to San Mateo Midstream, Matador’s midstream joint venture, for a total implied valuation of Pronto of approximately $600 million. At the closing of
ProPetro Enters Contract for a Fourth FORCE® Electric Hydraulic Fracturing Fleet
December 20, 2024
ProPetro has entered into a term contract to provide electric hydraulic fracturing services to a large independent Permian-focused oil and gas operator. “We are pleased to announce another key strategic step for ProPetro as we deploy another of our industry-leading
W.Va. Invests $10 Million for Development of Babcock & Wilcox Hydrogen and Carbon Capture Project
December 20, 2024
Babcock & Wilcox Enterprises said one of its subsidiaries has signed an agreement for funding of up to $10 million from the West Virginia Department of Economic Development for the development of a BrightLoop™ hydrogen production and carbon capture facility
CNX Resources to Acquire Apex Energy for $505 Million
December 19, 2024
CNX Resources has entered into a definitive agreement to acquire the natural gas upstream and associated midstream business of Apex Energy in the Appalachian Basin for total cash consideration of approximately $505 million. Apex Energy is a portfolio company of
BOEM Advances Oil and Gas Leasing Program for Gulf of Mexico
December 19, 2024
The Bureau of Ocean Energy Management (BOEM) released details of the availability of the Gulf of Mexico (GOM) Regional Outer Continental Shelf (OCS) Oil and Gas Lease Sales Draft Programmatic Environmental Impact Statement (EIS). In December 2023, the Department of
