Proceeds from Riverstone Energy’s exit of ILX III provides additional funds to accelerate the firm’s investments in decarbonization and low-carbon power generation, says Chairman Richard Hayden.
Presidio Petroleum’s plans for the net proceeds from the issuance include to accelerate its acquisition-driven growth strategy in the Midcontinent region and recapitalize its balance sheet.
Pinnacle Midstream II LLC’s Dos Picos processing plant will respond to increased gas production in the short term, but the world is expected to demand even more over the long term.
In their latest venture, Kraken Resources Co-founders, Bruce Larsen and Brad Suddarth, will return to the Williston Basin in pursuit of “large, oil-weighted acquisitions,” according to the company release.
The fund, named Brookfield Global Transition Fund, is supported by founding investment partners, Ontario Teachers’ Pension Plan Board and Temasek, which both pledged major commitments.
DUG Permian panelists acknowledge the challenges posed by ESG and climate concerns in the post-COVID finance environment, but expect cheap debt and higher valuations to push midstream deals forward.
Lime Rock Resources reached a definitive agreement to buy oil and gas properties in the Permian Basin for $508.3 million from an undisclosed private seller.
Washington, D.C.-based solar energy firm Sol Systems and KKR announced a new strategic partnership in which KKR is committing up to $1 billion to acquire shovel-ready projects.
The commitment will be used to continue Grenadier Energy’s strategy to acquire, develop and exploit assets, which The Woodlands, Texas-based E&P company says it has employed successfully through multiple iterations.