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Ovintiv to Acquire Core Oil-Rich Alberta Montney Assets for $2.377 Billion
November 19, 2024
Ovintiv has entered into a definitive purchase agreement to acquire certain Montney assets from Paramount Resources valued at approximately $2.377 billion (C$3.325 billion). Upon closing, the acquisition will add approximately 70 MBOE/d of production, 900 net 10,000 foot equivalent well
Coterra Energy to Acquire Permian Assets from Franklin and Avant for $3.95 Billion
November 19, 2024
Coterra Energy has entered into two separate definitive agreements to acquire certain assets of Franklin Mountain Energy and Avant Natural Resources and its affiliates for aggregate consideration of $3.95 billion. “We are thrilled to announce the pending acquisition of two
Trafigura Signs Long-term Natural Gas Agreement with NuVista Energy
November 19, 2024
Trafigura has signed a long-term natural gas agreement with NuVista Energy. NuVista is a leading producer of condensate-rich natural gas in the Montney formation in the Alberta Deep Basin, Canada. Under the agreement, NuVista will supply 21,000 MMbtu/d of natural
Cummins Reopens Its Worldwide Technical Center Hub Office Tower in Columbus, Indiana
November 19, 2024
Cummins celebrated the reopening today of its worldwide technical center hub office tower in Columbus, Indiana. The office tower at the Cummins Technical Center (CTC) on McKinley Avenue had been under renovation since 2021. After having been mainly untouched, except
Appeals Court Ruling Wrecks NEPA Standard, Upends Decades of Environmental Regulations
November 18, 2024
A federal appeals court determined that the White House does not have the authority to issue binding environmental regulations under the National Environmental Policy Act (NEPA), upending several decades of the practice. NEPA is a federal law that requires federal
Wisconsin DNR Issues Permits for Enbridge’s Line 5 Pipeline Re-Route Plan
November 18, 2024
The Wisconsin Department of Natural Resources (DNR) released its decision to issue an individual wetland and waterway permit with conditions and convey coverage under the department’s Wisconsin Pollution Discharge Elimination System (WPDES) General Permit for Construction Site Storm Water for
Trump Taps Oil Executive Chris Wright as Energy Secretary
November 18, 2024
President-elect Donald Trump named oil industry CEO Chris Wright to lead the Energy Department, installing a vocal critic of government efforts to fight climate change as the head of the agency at the forefront of the Biden administration’s clean energy
Trump Names Doug Burgum to Head Department of Interior
November 18, 2024
President-elect Trump made it official on Friday, announcing that North Dakota Gov. Doug Burgum will lead the U.S. Department of the Interior. “I am thrilled to announce that Doug Burgum, the Governor of North Dakota, will be joining my Administration
Trump Says Interior Pick Doug Burgum Will Chair Newly Created National Energy Council
November 18, 2024
President-elect Donald Trump said on Friday that he was creating a National Energy Council to coordinate policies to boost U.S. energy production that will be led by his pick for interior secretary, North Dakota Governor Doug Burgum. The National Energy
EPA Finalizes Rule to Reduce Methane Emissions from Oil and Gas Sector
November 14, 2024
The U.S. Environmental Protection Agency has released a final rule to reduce methane emissions from the oil and gas sector. The rule facilitates implementation of Congress’s directive in the Inflation Reduction Act to collect a waste emissions charge to better
