Public Capital

Public Capital , Shale Plays , Acquisitions & Divestitures

Grey Rock Agrees to $1.3 Billion Business Combination with Paul Ryan-backed SPAC

Grey Rock will contribute oil and gas assets in the Permian Basin, Bakken, Eagle Ford Shale, D-J Basin and Haynesville Shale plays to form Granite Ridge Resources.

May 16, 2022

Public Capital , Investment , Markets

Expert: Energy’s Stock Market Boom Just the Start of a Supercycle

Despite the efforts of the divestiture movement, the oil and gas sector’s 12-month performance clobbers that of the market as a whole.

May 16, 2022

IPO , Shale Plays , Technology

Wilks Brothers-backed ProFrac Sees Tepid NASDAQ Debut

ProFrac’s listing comes at an inopportune time, with equity markets bleeding from fears of aggressive monetary policy tightening by the Federal Reserve and impacts of the Russia-Ukraine war.

May 13, 2022

Public Capital , ESG , Shale Plays

Devon Energy Named World’s Fastest Growing Oil and Gas Brand

Following the completion of its merger with WPX Energy and increasing focus on ESG, Devon Energy’s brand value has tripled to $2.3 billion, a new report shows.

May 13, 2022

IPO , Shale Plays , Technology

ProFrac Prices IPO Below Target Range to Raise $288 Million

ProFrac’s listing, which raised $288 million from the issue of 16 million new shares, comes in a rocky year for U.S. capital markets and underscores the challenges facing IPO-bound companies.

May 13, 2022

Public Capital , Emissions , Energy Transition

BP Wins Shareholder Support for Climate Strategy

The vote at BP’s annual general meeting came as the British government faced growing pressure to hit BP and its rivals with a windfall tax after energy companies posted a surge in profits.

May 12, 2022

Public Capital , Investment

LandGate Raises $10 Million in Series B Funding Round Led by NextEra

Commercial land data provider LandGate Corp. raised $10 million in Series B funding in a round led by a subsidiary of NextEra Energy Resources, who is a customer of LandGate's clean energy optimization services.

May 12, 2022

Public Capital , Pipelines

Canada's Trans Mountain Secured C$10 Billion in Financing to Cover Construction Costs

Canadian Trans Mountain Corp. will expand the Trans Mountain pipeline to bring more crude oil to the Pacific coast from Alberta with the help of C$10 billion in financing.

May 12, 2022

Public Capital , Exploration & Production , Shale Plays

Occidental CEO Says More Oil Production Would Hurt Shareholders

Occidental Petroleum will resume its share repurchase program this quarter after reaching its $20 billion net debt target, CFO Robert Peterson also said during the call.

May 11, 2022

Public Capital , Emissions , Shale Plays

ConocoPhillips’ Shareholders Vote Against New Emissions-reduction Targets

ConocoPhillips’ board recommended that shareholders vote against the proposal, saying it did not believe Scope 3 targets were appropriate for a company focused entirely on the exploration and production of fossil fuels.

May 10, 2022