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Senator Barrasso Introduces Legislation to Enhance Carbon Capture Incentives, Energy Production
September 30, 2024
U.S. Senator John Barrasso (R-Wyo.) was joined by U.S. Senators James Lankford (R-Okla.) and Bill Cassidy (R-La.) in introducing legislation to enhance carbon capture incentives and energy production. The Enhanced Energy Recovery Act (S. 5212) would create parity under the
Sage Geosystems, California Resources Partner on Subsurface Energy Storage, Geothermal Power
September 27, 2024
Sage Geosystems and California Resources Corporation (CRC) have signed a memorandum of understanding (MOU) to establish a collaborative framework for pursuing commercial projects and joint funding opportunities related to subsurface energy storage and geothermal power generation in California. This strategic
Kimmeridge and Commonwealth LNG Sign Natgas, LNG Agreement with Glencore
September 27, 2024
Kimmeridge Texas Gas (KTG) and Commonwealth LNG have entered into a heads of terms agreement with Glencore forming a strategic natural gas and LNG partnership. Under the terms of the agreement, Glencore will purchase 2 million tonnes per annum of
Vivakor Board Approves Closing of $120 Million Acquisition of Endeavor Entities
September 26, 2024
Vivakor said its board of directors approved the closing of its planned acquisition of Endeavor Crude, Meridian Equipment Leasing, Equipment Transport, and Silver Fuels Processing, and their subsidiaries — Endeavor Entities. The closing will be effective on October 1, 2024.
Diamondback Energy and Kinetik Boost Stake in Permian EPIC Crude Pipeline
September 25, 2024
Diamondback Energy, Kinetik Holdings, and EPIC Midstream have entered into a series of transactions to support the continued growth and strengthened financial profile of EPIC Crude Holdings, an affiliate of EPIC Midstream. The transaction includes: • Diamondback and Kinetik acquired
Quantum Backs Tug Hill Team in New E&P Vickery Energy
September 25, 2024
Quantum Capital Group will back newly formed E&P Vickery Energy Partners, which will focus on acquiring and developing oil and gas assets in the Appalachian Basin and elsewhere. Vickery’s management team is no stranger to Appalachia. The company is led
Tallgrass Launches Open Season for the Pony Express Crude Oil Pipeline
September 25, 2024
Tallgrass Pony Express Pipeline, operated by Tallgrass, has launched a new binding open season for shipper acreage dedications for crude oil transportation from Pony Express’ Carpenter origin in exchange for incentive tariff rates. This open season will run for 30
Trafigura Appoints Richard Holtum as CEO, Jeremy Weir as Chairman
September 25, 2024
Trafigura Group has appointed Richard Holtum as chief executive officer (CEO) effective January 1, 2025 and will join the Trafigura board of directors on October 1, 2024. Jeremy Weir, executive chairman and CEO, will step down from his executive responsibilities
Matador Resources Closes $1.832 Billion Acquisition of Ameredev
September 20, 2024
Matador Resources has closed on it strategic bolt-on acquisition of a subsidiary of Ameredev II from affiliates of EnCap Investments for cash consideration of $1.832 billion. Joseph Wm. Foran, Matador’s founder, chairman, and CEO released the following statement. “On behalf
Honeywell and SAMSUNG E&A Plan Collaboration to Help Reduce Power Plant Emissions
September 20, 2024
Honeywell has entered into a collaborative endeavor with SAMSUNG E&A to jointly market solutions aimed at the hard-to-abate power plant sector globally. The initiative seeks to reduce carbon emissions. It also supports Honeywell’s alignment of its portfolio to three powerful
