Public Capital

Public Capital

Royal Dutch No More: Shell Officially Changes Name

Shell announced the change in November as part of a move to London from The Hague, pushed away by Dutch taxes and facing climate pressure in court as the energy giant shifts from oil and gas.

January 21, 2022

Public Capital , Acquisitions & Divestitures

Unit Corp. Seeking $1 Billion Sale of Anadarko, Gulf Coast Gas Assets

Unit Corp., which filed for bankruptcy in May 2020 at the height of a slump in oil prices, has reached out to interested parties for a divestiture of its upstream subsidiary Unit Petroleum Co., sources say.

January 21, 2022

Public Capital , Liquefied Natural Gas (LNG) , Midstream

Lawsuit Alleges Charif Souki Defrauded Tellurian Investor in Short-seller Battle

Tellurian shareholder Chris Parker filed a breach of contract lawsuit with the U.S. District Court in Denver seeking unspecified damages from Chairf Souki, founder of the U.S. LNG company.

January 21, 2022

Public Capital , Emissions

Companies Worry US SEC Climate Rule May Require Broad Emissions Disclosure

Some companies in carbon-intensive sectors, including oil major ExxonMobil Corp., have already begun reporting Scope 3 emissions, amid pressure from investors and climate campaigners.

January 19, 2022

Public Capital , Earnings

Analysis: US Energy Shares Soar Again, Stoked by Inflation

S&P 500 energy companies overall are expected to increase revenue by 72.7% for the fourth quarter from the year-earlier period, according to Refinitiv IBES.

January 14, 2022

Public Capital , Shale Plays , Acquisitions & Divestitures

Exxon Mobil to Market up to $1 Billion in Canadian Shale Assets

Exxon Mobil and affiliate Imperial Oil each own 50% of XTO Energy Canada, operator of their Canadian shale business.

January 14, 2022

Public Capital , People , Shale Plays

Continental Resources Promotes Key Leaders Shelly Lambertz, John Hart

Oklahoma City-based Continental Resources announced the promotions of Shelly Lambertz and John Hart on Jan. 13, expanding their leadership at the independent oil producer.

January 13, 2022

Public Capital , Shale Plays , Acquisitions & Divestitures

Falcon Minerals Agrees to $1.9 Billion All-stock Merger with Desert Peak

The transaction with Desert Peak will mark the next chapter for Falcon Minerals, which formed in 2018 through an $800 million combination with Blackstone’s royalty business.

January 12, 2022

Public Capital , Shale Plays , Acquisitions & Divestitures

Exxon Mobil Launches Sale of Appalachia Shale Gas Properties

A sale by Exxon Mobil could value the Appalachian Basin assets at around $200 million based on current natural gas prices and existing production from the wells, a person familiar with the matter said.

January 12, 2022

Public Capital , People , Shale Plays , Acquisitions & Divestitures

Matador Resources Promotes Billy Goodwin, Van Singleton

Concurrent with the promotions, President Matthew V. Hairford and David E. Lancaster, executive vice president and CFO, both plan to retire and transition to new duties as special advisers to Matador’s board.

January 12, 2022