Public Capital

Public Capital , Investment , Energy Transition , Technology

Lancium Closes $150 Million in Financing to Grow Clean Energy Business

Hanwha Solutions leads financing round, with participation from other leading strategic energy investors.

November 24, 2021

IPO , Markets

ADNOC Weighs IPO of Logistics and Services Unit Next Year, Sources Say

Gulf oil producers are looking at sales of stakes in energy assets, capitalizing on a rebound in crude prices to attract foreign investors.

November 22, 2021

Public Capital , Petrochemicals , Crude Oil , Trade

Biden Asks FTC to Redouble Probe of Possible ‘Illegal Conduct’ over High Gas Prices

Gas prices have continued to rise at the pump, Biden said in a letter to the FTC, noting that the two largest U.S. oil and gas companies—Chevron and Exxon Mobil—were on track to nearly double their net income.

November 17, 2021

Public Capital , Shale Plays , Acquisitions & Divestitures

Northern Oil & Gas to Add Veritas Permian Assets in Largest Acquisition To Date

Northern Oil and Gas agreed to acquire Veritas Energy’s nonoperated oil and gas properties located in the Delaware and Midland basins for a cash purchase price of $406.5 million.

November 17, 2021

Public Capital , Crude Oil , Legislation , Energy Transition , Shale Plays

Opinion: Biden’s Green Agenda Not Responsible for Gasoline Price Surge

It is Wall Street, not Washington, that has put the clamps on growth in America’s oil patch, argues the Financial Times’ Houston correspondent.

November 16, 2021

Public Capital , Shale Plays , Acquisitions & Divestitures , Lease Sales

Exxon Mobil Launches Sale of Texas Shale Gas Properties

Exxon Mobil, which suffered a historic $22.4 billion loss in 2020, is selling assets in Asia, Africa and Europe as it as focuses on production ventures in Guyana, offshore Brazil and the Permian Basin.

November 15, 2021

Public Capital

Shell to Scrap Dual Listing, Shift HQ to London

The Anglo-Dutch company, which for years faced questions from investors about its complex dual listing, also expects to drop “Royal Dutch” from its name. It will become Shell Plc.

November 15, 2021

Public Capital , Shale Plays , Acquisitions & Divestitures

Diversified Energy Sells Chunk of Recently Acquired Tanos Haynesville Acreage

The divestiture effectively reduces Diversified Energy’s investment in the previously announced Tanos transaction by 30% to $81 million from the original $118 million, net of purchase price adjustments. 

November 12, 2021

Public Capital , People , ESG , Shale Plays

Shale Gas Giant EQT Recognized for Advancing Women’s Leadership, Board Diversity

In addition to achieving 50% female representation on its board of directors, EQT—the largest natural gas producer in the U.S.—increased the percentage of female hires by 15% and diverse hires by 5% in 2020.

November 12, 2021

Public Capital , Shale Plays , Acquisitions & Divestitures

Brigham Minerals Makes Largest Acquisition to Date in D-J Basin

Brigham entered an agreement with an undisclosed company to acquire 8,400 net royalty acres in the D-J Basin operated by the basin’s top producers.

November 11, 2021