Emily
Patsy
HartEnergy.com
Shale Giant EQT Seeks to Further ESG Certification for Natural Gas Production
Following completion of its certification pilot projects announced this year, EQT says it will be producing more certified gas than any other U.S. producer’s entire natural gas production.
Oil and Gas Investor Post Bankruptcy Strategies: The Great Wipeout
In 2020, companies entered bankruptcy after a sudden plunge in oil and gas prices and, unlike the downturn six years ago, many emerged with nearly pristine balance sheets. But for what end?
Daniel Rice-led SPAC Forms Leading Renewable Natural Gas Platform in Billion-dollar Merger
Rice Acquisition Corp. agreed to a business combination worth over $1 billion with Aria Energy and Archaea Energy, both of which are leaders in the U.S. landfill gas and renewable natural gas sectors.
SSE Thermal, Equinor to Build Hydrogen and Carbon Capture Plants
UK projects include the world’s first 100% hydrogen-fueled power station.
The Latest
Business
Oil and Gas Investor A&D Trends: A&D Relapse
If dealmakers can get over the past year, with its misery as treacherous and deep as a river of mud, they may find a promising market in the months ahead.
April 16, 2021
Public Capital
Apache Gains $147 Million from Change in Natgas Hedging Before Texas Freeze
Analysts at Cowen & Co. boosted their earnings estimates for Apache due to better-realized pricing, notably in gas that “reflect greater exposure to daily pricing versus bid week.”
April 16, 2021
Public Capital
California Resources Appoints TJ Cepak as Board Chairman
The appointment of Tiffany “TJ” Thom Cepak as board chairman replaces Mark A. “Mac” McFarland, who was named as permanent president and CEO of California Resources last month.
April 16, 2021
Business
Golden Gate Capital Launches Infrastructure Platform, Buys Waterfield Midstream Assets
Stonehill Environmental Partners to provide water pipeline disposal and recycling infrastructure solutions.
April 16, 2021
Restructurings
E&P Bankruptcies on Simmer in First Quarter
In a sign of possible attrition, there were no billion-dollar bankruptcies filed in the first quarter by oil and gas producers in North America, which hasn’t happened since third-quarter 2018, according to Texas-based law firm Haynes and Boone.
April 16, 2021
Business
U.S. Well Services Files Lawsuit against Halliburton, Cimarex over E-frac Patent
The lawsuit alleges Halliburton’s all-electric fracturing fleet, currently deployed for Cimarex Energy, violates several of U.S. Well Services’ patents for electric pumps and pumping systems and monitoring and control systems.
April 16, 2021
Public Capital
Shale Giant EQT Seeks to Further ESG Certification for Natural Gas Production
Following completion of its certification pilot projects announced this year, EQT says it will be producing more certified gas than any other U.S. producer’s entire natural gas production.
April 15, 2021
Public Capital
Exxon Mobil, Activist Spend over $65 Million in Battle for Oil Giant’s Future
Exxon Mobil has out-gunned small activist hedge fund waging a proxy fight over board seats with spending the oil major expects will be about $35 million above its usual proxy solicitation costs, according to regulatory filings.
April 15, 2021
People
Talos Energy CEO Tim Duncan Selected as NOIA Chairman
NOIA confirmed Tim Duncan as well as Paul Danos in their positions as chairman and vice chairman, respectively, for the 2021-22 term during a virtual board of directors meeting on April 14.
April 15, 2021
Investment
Joe Biden’s Clean-up Plan for Orphaned Oil Wells Slammed
Critics accuse the $16 billion provision in Biden’s proposed infrastructure package to plug abandoned oil wells across the U.S. of being a bailout for the oil and gas industry.
April 15, 2021