United States

Private Equity , Energy Transition , ESG

Private Equity Investors See ‘Sustainable’ Opportunities Ahead

A focus on sustainability is drawing attention to certain technologies across different energy sectors.

May 20, 2022

Energy Transition , Technology

US Launches $3.5 Billion Program to Speed Development of Carbon Removal Tech

The program would create four regional direct air capture hubs to spur the widespread deployment of the technology and COtransport and storage infrastructure.

May 19, 2022

Business , Shale Plays , Transactions

Permian Operators Colgate, Centennial to Combine in $7 Billion Merger

The $7 billion “merger of equals transaction” of Centennial Resource Developement and Colgate Energy will create the largest pure-play E&P company in the Delaware Basin of the Permian.

May 19, 2022

Investment , Shale Plays , Acquisitions & Divestitures

VTX Energy to Spend Billions on Acquisitions as Capital Providers Remain on Sidelines

The flight of capital from the E&P space is among the limiting factors keeping the U.S. from responding to the growing global demand for crude and natural gas, VTX Energy CEO Gene Shepherd told DUG Permian and Eagle Ford attendees.

May 19, 2022

Petrochemicals , Crude Oil

US Crude Stockpiles Slide as Refining Ramps Up Ahead of Summer: EIA

Refining activity picked up in the most recent week, in response to tight product inventories and near-record exports that have forced diesel and gasoline prices to record levels in the U.S.

May 18, 2022

Exploration & Production , ESG , Acquisitions & Divestitures

Seneca Resources Exits California in Deal for Cash, Fewer Emissions

National Fuel touted the environmental benefits of the sale by its E&P segment Seneca Resources, including a 55% reduction in CO₂ equivalent emissions.

May 18, 2022

Trends

Energy A&D Transactions from the Week of May 18, 2022

Here’s a snapshot of recent energy deals including Grey Rock’s $1.3 billion business combination with Paul Ryan-backed SPAC plus a $575 million roll-up of Rattler Midstream by Diamondback Energy.

May 18, 2022

Lease Sales

On the Market Oil and Gas Quicklist (Week of May 18, 2022)

Here’s a quicklist of oil and gas assets on the market including EOG Resources operated Eagle Ford properties plus Kaiser-Francis operated well package in Divide County, North Dakota.

May 18, 2022

ESG , Storage

Chevron Launches Carbon Capture, Storage Project in San Joaquin Valley

Chevron New Energies will launch a carbon capture storage project at its operations in San Joaquin Valley, Calif. that will reduce carbon intensity through underground CO2 storage.

May 18, 2022

Business , DUG Permian , Shale Plays

DUG Permian, Eagle Ford: New E&P Math and Energy’s Pivotal Moment

Things have changed for the upstream sector and the first quarter proves it, according to energy analyst Subash Chandra, who shared several of his takeaways at Hart Energy’s DUG Permian Basin and Eagle Ford conference and exhibition on May 16.

May 18, 2022