NEWS— Click on text to read news by category: General | Product | People | Worldwide
Permian Resources Divests Delaware Basin Midstream Assets to Kinetik for $180 Million
December 19, 2024
Permian Resources has entered into a definitive agreement to sell its natural gas and oil gathering systems primarily located in Reeves County, Texas to Kinetik for a total cash consideration of $180 million. The divested natural gas and oil pipeline
EQT to Form $3.5 Billion Midstream Joint Venture with Blackstone
December 19, 2024
EQT Corporation has entered into a definitive agreement with funds managed by Blackstone Credit & Insurance (BXCI) to form a new midstream joint venture consisting of EQT’s ownership interest in high quality contracted infrastructure assets: Mountain Valley Pipeline, FERC regulated
Nova Compression Expands West Texas Operations with Acquisition of Kodiak’s Compression Assets
December 19, 2024
Nova Compression has acquired a package of natural gas compression assets from Kodiak Gas Services of The Woodlands, Texas. The acquired compression packages, located in the Pecos area of West Texas, allows Nova to double its density in an active
Intrepid Potash Appoints Kevin Crutchfield as Chief Executive Officer
December 19, 2024
Intrepid Potash said the board of directors has appointed Kevin Crutchfield as chief executive officer and board director, effective immediately. “Kevin is an accomplished and recognized executive in the mining industry who brings extensive leadership experience in navigating global industry
U.S. Chamber: Comprehensive New S&P Global Analysis Demonstrates Importance of LNG Exports
December 18, 2024
U.S. Chamber of Commerce Senior Vice President of Policy Marty Durbin issued the following statement regarding the Biden Administration’s report on LNG exports and a new Chamber-supported S&P Global study that provides a comprehensive analysis of the benefits of LNG.
AIDEA to Provide $50 Million in Backstop Funding to Advance Alaska Gas Development’s Pipeline
December 18, 2024
The Alaska Industrial Development and Export Authority, Alaska’s development finance agency, will backstop a $50 million financing plan for front end engineering and design (FEED) for a 42-inch gas pipeline from the North Slope to southcentral Alaska, the agency said
Permitting Reform Stalls in Congress Despite Industry Support
December 18, 2024
A bipartisan effort to speed up the buildout of the nation’s energy projects has failed — or at least will not be attached to a stopgap funding bill — say two key lawmakers who were involved with the effort. Sens.
Devon Energy President and CEO Rick Muncrief to Retire, COO Clay Gaspar to Succeed Muncrief
December 18, 2024
Rick Muncrief will retire from the position of president and chief executive officer, and member of the board of directors of Devon Energy, effective March 1, 2025. The board of directors has appointed Clay Gaspar, currently Devon’s chief operating officer,
Teledyne Gas and Flame Detection Strengthens Leadership to Accelerate Growth in the Americas
December 17, 2024
Teledyne Gas and Flame Detection has a new vice president of sales and marketing for the Americas as the company looks to drive growth and strengthen its market presence across the continent. Gerald Sims brings a wealth of experience in
Phillips 66 to Sell Stake in Gulf Coast Express Pipeline for $865 Million
December 16, 2024
Phillips 66 has entered into a definitive agreement to sell DCP GCX Pipeline, which owns a 25 percent non-operated equity interest in Gulf Coast Express Pipeline, to an affiliate of ArcLight Capital Partners for $865 million. “With this transaction, we
