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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 CO2 transport 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