Public Capital

Restructurings , Public Capital , Exploration & Production , Shale Plays , Gathering & Processing

NGL Energy Partners Provides Update on Extraction Bankruptcy

Extraction Oil & Gas is a customer of Grand Mesa Pipeline, a subsidiary of NGL Energy Partners that provides takeaway capacity for crude oil producers in the D-J Basin where Extraction’s operations are focused.

January 19, 2021

Public Capital , Investment , Shale Plays , Technology , Acquisitions & Divestitures

Oil Billionaire Takes Active Stake in Hard-hit ProPetro

Prominent shale investor Dan Wilks on Jan. 19 reported a 7.5% active stake in troubled oilfield services firm ProPetro Holding Corp. through an investment vehicle.

January 19, 2021

Public Capital , Health, Safety & Environment , Emissions , Renewables , Acquisitions & Divestitures

Total to Buy $2.5 Billion Stake in Adani Green Energy

Total is paying $2.5 billion for a share in India's Adani Green Energy and its solar power assets, in what the French company said was its biggest investment yet in renewables.

January 19, 2021

Public Capital , People , Exploration & Production , Shale Plays , Acquisitions & Divestitures , Mergers

ConocoPhillips Completes Concho Acquisition; Tim Leach Joins Leadership

The Concho acquisition gives ConocoPhillips about 700,000 net acres in the Permian Basin—more than quadruple the size of its previous position in the Permian.

January 19, 2021

Public Capital , Exploration & Production , Shale Plays

SEC Launches Probe of Exxon Mobil on Permian Basin Asset Valuation

Several people involved in valuing the Exxon Permian Basin asset during an internal assessment in 2019 said employees were being forced to use unrealistic assumptions, according to a report from the Wall Street Journal.

January 15, 2021

Public Capital , Health, Safety & Environment , Emissions

France’s Total Leaves API Citing Climate, Political Differences

Total’s departure will mark the first major energy company to quit API, which is the largest U.S. oil and gas lobby and the primary trade group for the industry.

January 15, 2021

Public Capital , Investment , Health, Safety & Environment , Emissions , Renewables

Norway’s Equinor Selected for Largest-ever US Offshore Wind Award

The contract awarded to Equinor to provide generation capacity to New York with renewable power is set to position the Empire State as an offshore wind industry hub.

January 14, 2021

Public Capital , International

S&P Dow Jones to Remove Chinese Oil Giant CNOOC Due to US Sanctions

The Trump administration had added China's oil giant CNOOC to a blacklist of alleged Chinese military companies in early December.

January 14, 2021

Restructurings , Public Capital , Exploration & Production , Shale Plays

Chesapeake Energy Bankruptcy Plan Giving Lenders Control Approved by US Judge

The bankruptcy plan will allow Chesapeake Energy to emerge "a stronger and more competitive enterprise," spokesman Gordon Pennoyer said.

January 14, 2021

Public Capital , Exploration & Production , Shale Plays , Acquisitions & Divestitures

Equinor Considers Selling Bakken Shale Assets

Equinor's spokesman told Reuters the Norwegian oil and gas company was reviewing its whole portfolio, including its assets in the U.S., following its CEO change last year.

January 13, 2021