Public Capital

Public Capital , Shale Plays

EnCap Director Leaves Devon Energy Board Following Disposition Transactions

D. Martin Phillips, a managing partner of EnCap Investments, resigned from the Devon Energy board of directors on March 5, effective immediately.

March 5, 2021

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

Riley Exploration Permian Provides Update Following Tengasco Merger

The company’s predecessor, private equity-backed Riley Permian, was formed with the goal of building a premier Permian Basin pure-play.

March 5, 2021

Public Capital , Master Limited Partnerships , Shale Plays , Acquisitions & Divestitures , Midstream

Noble Midstream Agrees to Chevron Buyout in $1.32 Billion All-stock Deal

Chevron said it had reached the buyout agreement with Noble Midstream on March 5, roughly a month after announcing a slightly smaller offer to buy out the pipeline operator.

March 5, 2021

Public Capital , People , Shale Plays

US Shale Producer Ovintiv Settles Proxy Fight with Kimmeridge Energy

Kimmeridge Energy began its push for changes at Ovintiv in November last year, flagging concerns about the U.S. shale producer’s executive compensation and lack of board refreshment.

March 4, 2021

Public Capital , Exploration & Production , Emissions , Renewables

Shell Changes Senior UK Leadership Ahead of Low-carbon Overhaul

As part of the management changes, Steve Phimister, head of Shell’s oil and gas operation in the North Sea since 2017, will be replaced.

March 4, 2021

Public Capital , Investment , Acquisitions & Divestitures , Trends

Oil and Gas Investor: The Great SPAC Comeback

SPACs have taken Wall Street by storm, raising billions for as-yet unidentified acquisition targets—but will they return to save the oil and gas space?

March 3, 2021

Public Capital

Former Apollo Partner Greg Beard Preps $200 Million Energy SPAC: Sources

Greg Beard, who previously headed Apollo’s global natural resources group for nearly a decade, will file for an IPO for a SPAC in the coming weeks, one of the sources said.

March 2, 2021

Public Capital , Investment , Emissions , Renewables , Technology

Chevron Backs Geothermal Power Developer for California Pilot Project

Chevron also signed a letter of intent for a potential pilot project in California to deploy heat power, which is an affordable form of renewable energy that can be harnessed from either geothermal resources or waste heat.

March 2, 2021

Public Capital , Health, Safety & Environment , Emissions

Shareholders Push SEC for Tougher Climate Regime for US Oil

Climate activists plan more green resolutions and ESG initiatives at annual shareholder meetings for oil and gas groups after ‘corporate-friendly’ Trump years.

March 2, 2021

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

Exxon Mobil Names Activist Investor Jeff Ubben to Board amid Energy Transition Push

Exxon Mobil, which has faced fresh pressure from investors since late last year, also appointed Comcast executive Michael Angelakis to its board on March 1.

March 1, 2021