North America

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


Energy A&D Transactions from the Week of May 11, 2022

Here’s a snapshot of recent energy deals including the closing of PDC Energy’s $1.3 billion acquisition of private D-J Basin operator Great Western Petroleum plus the formation of a $1.1 billion renewable natural gas joint venture.

May 11, 2022

Legislation , Infrastructure , Midstream

Alberta Court Rules Canada’s Environmental Impact Law Unconstitutional

The Alberta Court of Appeal said the Impact Assessment Act (IAA), which assesses how major infrastructure projects in Canada like pipelines impact the environment, was a “classic example of legislative creep.”

May 11, 2022

Liquefied Natural Gas (LNG) , Trade , Construction

Canada in Talks to Accelerate Construction of LNG Export Terminals

Ottawa has held talks with European countries about ways to boost energy exports to the continent. However, Canada does not have any East Coast LNG facilities and only one under construction on its west coast.

May 9, 2022

Private Equity , Energy Transition , Midstream

Rangeland IV Launches with $300 Million EnCap Flatrock Commitment

The $300 million commitment announced May 3 is the fourth EnCap Flatrock growth equity commitment to Rangeland Energy companies, bringing the total to $900 million since Rangeland’s formation.

May 9, 2022

Business , Liquefied Natural Gas (LNG) , Midstream

Enbridge Eyes LNG Opportunities as Quarterly Profits Rise

Enbridge supplies about 2 Bcf/d of gas to four LNG plants on the Gulf Coast and CEO Al Monaco said on a recent earnings call the company has inked agreements to supply three more Gulf Coast projects that could add up to 7 Bcf/d of gas.

May 9, 2022

Energy Transition , Technology , Midstream

Enterprise, CO2 Ventures Highlights Latest Midstream Projects

Oxy Low Carbon Ventures and Wolf Midstream also plan sequestration operations in this roundup of the latest carbon management projects.

May 4, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of May 4, 2022

Here’s a snapshot of recent energy deals including HighPeak Energy’s acquisition of Hannathon Permian properties for about $373.4 million plus Chevron’s agreement to acquire a stake in Talos Energy’s proposed Texas carbon capture plant.

May 4, 2022

Business , Exploration & Production , Technology

Insight: North American Oil Companies Scramble to Find Workers Despite Boom

Patterson-UTI Energy may hire another 3,000 workers this year after hiring back 3,000 in 2021, and even has recruiters set up at a shopping mall in Williston, North Dakota, to find potential workers.

April 29, 2022

Earnings , Liquefied Natural Gas (LNG) , Midstream

TC Energy Beats Profit Estimates, Expects LNG Exports to Grow 90%

The Calgary, Alberta-based company said increasing U.S. LNG exports and a focus on global energy security were creating new opportunities. Around a quarter of U.S. LNG export volumes travel through TC Energy’s gas pipelines.

April 29, 2022