Darren
Barbee
Oil and Gas Investor
Magnolia’s Board Adds Ropp as Independent Director
Alongside his experience in oil and gas operations, R. Lewis Ropp has a background in finance, capital markets and investment management, Magnolia Oil & Gas said.
Vantage Drilling Names Williams Thomson as New COO
Thomson is currently Vantage’s chief commercial officer and CTO and has served the company since 2008.
Venture Global LNG Files Paperwork for IPO
Venture Global LNG filed initial paperwork for an IPO on Dec. 20, about a week after the company’s Plaquemines LNG facility started production.
Dividends Declared the Week of Dec. 9
Here is a compilation of dividends declared from select upstream, midstream and service and supply companies during the week of Dec. 9.
The Latest
Minerals M&A to Heat Up in ‘25 with $4B Diamondback Sale–KeyBanc
KeyBanc analysts expect an “imminent” Diamondback Energy dropdown to Viper Energy and at least a couple of $500 million deals by public mineral and royalty companies in 2025, with Sitio Royalties a likely acquirer.
Plains All American Prices First M&A Bond of Year
U.S. integrated midstream infrastructure company Plains All American Pipeline on Jan. 13 priced a $1 billion investment-grade bond offering, the year's first to finance an acquisition.
Chevron Names Laura Lane as VP, Chief Corporate Affairs Officer
Laura Lane will succeed Al Williams in overseeing Chevron Corp.’s government affairs, communication and social investment activities.
Venture Global Targets $110B in Massive IPO
Venture Global is expected to pitch its IPO to investors by Jan. 17 to rival the largest energy IPOs on record.
Devon Energy Announces Changes to Executive Leadership Team
Among personnel moves, Devon Energy announced John Raines and Trey Lowe have been promoted to senior vice president roles.
Exxon Mobil Appoints Imperial’s Evers to Managerial Role
Sherri Evers, Imperial Oil’s senior vice president of sustainability, commercial development and product solutions, has been appointed general manager for Exxon Mobil North America Lubes.
Kimmeridge Texas Gas Prices $500MM in Senior Notes Offering
Kimmeridge Texas Gas said the senior unsecured notes will be used to repay a portion of outstanding revolver borrowings and support the buildout of the company.
Origis Completes $415MM Funding for Texas Solar Project
Origis Energy’s Swift Air Solar project, which is currently under construction, will enter commercial production in mid-2025.
Lion Equity Partners Buys Global Compression from Warren Equipment
Private equity firm Lion Equity Partners has acquired Warren Equipment Co.’s Global Compression Services business.
Trying to Keep Tabs on the Inflation Reduction Act’s $370B
Several online trackers are following the flow of Inflation Reduction Act money, but a full accounting of the billions already obligated by the Biden administration is a monumental task.